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vs 
Independent Reserve vs VALR: fees, licences and P2P
Facts for both companies from their official pages; each was checked on the date shown in its review.
Facts verified on October 28, 2026
Key differences
- Only Independent Reserve is licensed by MAS.
- Only VALR is licensed by FSCA.
Side by side
| Criterion | Independent Reserve | VALR |
|---|---|---|
| Rating | ||
| Regulators | MAS | FSCA |
| Spot trading fees | maker 0.5%, taker 0.5% | — |
| USDT withdrawal | 4 USDT on TRC20, 10 USDT on ERC20 | — |
| Proof of reserves | not published | not published |
| Deposits and withdrawals | Bank transfer | Bank transfer, Visa / Mastercard, Apple Pay |
| Founded | 2013 | 2018 |
| Futures | — | yes, up to 1:60 |
| Headquarters | — | South Africa |
| Read review | Read review |
Frequently asked questions
Which regulators license Independent Reserve and VALR?
Independent Reserve is licensed by MAS; VALR by FSCA.
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