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Rain 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 18, 2026

Key differences

Criterion	Rain	VALR
Rating	3.9/5 on other platforms 8.4K ratings	4.7/5 on other platforms 24.8K ratings
Regulators	CBB, FSRA (ADGM), VARA	FSCA
Spot trading fees	maker 0%, taker 0.05%	—
Proof of reserves	not published	not published
Deposits and withdrawals	Bank transfer, Visa / Mastercard	Bank transfer, Visa / Mastercard, Apple Pay
Founded	2017	2018
Headquarters	Bahrain	South Africa
Futures	—	yes, up to 1:60
	Read review	Read review

Which regulators license Rain and VALR?

Rain is licensed by CBB, FSRA (ADGM), and VARA; VALR by FSCA.