Valutrades Review |
|
| 📅 Year founded |
2012 |
| 📈 Multiple top-tier regulation |
Yes |
| 📍 Headquarters |
London, United Kingdom |
| 🌍 Country of regulation |
United Kingdom / Seychelles |
| ✅ Regulators |
FCA / FSA |
| 📈 Execution Type |
Market Execution |
| 💰 Minimum Deposit |
N/A |
| 🛡️ Negative Balance Protection |
Yes |
| 📉 Trading Platforms |
MetaTrader4 / MetaTrader5 |
| ☪ Islamic account |
No |
| 📉 Trading Instruments |
Forex / Indices / Commodities |
| 📱 Mobile trading |
iOS / Android / Windows |
| 💳 Payment Types Accepted |
Debit and Credit Card / Bank Wire Transfer / eWallets |
| 🎮 Demo Account |
Yes |
| ⓒ Copy Trading |
Yes |
| 🎁 Bonus Offer |
Rebates up to 33% per lot |
| 💰 Account Currencies |
USD / EUR / GBP / AUD / JPY |
| 📈 Minimum Trade |
0.01 Lots |
| 📈 Account Types |
STP / ECN |
| 📈 Margin Trading |
Yes |
| 📈 Trading fees |
Low |
| 📈 Inactivity fee |
None |
| 💰 Withdrawal fee |
None |
| ☎ Customer Support |
24/5 |
| 💰 Max. Leverage |
500:1 |
| ✔️ Hedging Allowed |
Yes |
| ✔️ Scalping Allowed |
Yes |
| 💰 Commission |
Account type dependant |
| 💰 Spreads |
From 0.0 pips |
| 💰 Leverage |
Flexible |
| 💰 Currency Pairs (Total Forex pairs) |
80 + |
| 🔢 Number of clients |
Unknown |
| 🥇 Instruments Offered |
100 + |
| 📙 Education |
Blog |
WHAT IS VALUTRADES?
Valutrades is a globally recognised forex and CFD broker that provides traders access to a vast array of financial markets including currencies, commodities and indices. Established with a commitment to transparency and client satisfaction, Valutrades offers an environment tailored for both novice and seasoned traders.
A significant aspect of Valutrades’ appeal is its strong regulatory framework. The broker is regulated by the Financial Conduct Authority (FCA) in the United Kingdom and the Financial Services Authority (FSA) in Seychelles.
These regulations ensure that Valutrades adheres to stringent standards of operation, offering traders peace of mind regarding the safety of their investments and the integrity of their trading activities.
The FCA is well-known for its strict guidelines and oversight, which include ensuring that client funds are held in segregated accounts, providing a level of protection against broker insolvency and ensuring fair market practices. On the other hand, the FSA regulation allows Valutrades to offer more flexible trading conditions and leverage options, which can be advantageous for traders looking to employ aggressive trading strategies.
Valutrades’ commitment to technological innovation is evident in its offering of both MetaTrader4 and MetaTrader5 trading platforms, renowned for their robust functionality and customisability. The broker’s investment in technology extends to a range of tools and features designed to enhance trading effectiveness including advanced charting tools, risk management features and automated trading capabilities.
Valutrades stands out in the competitive forex and CFD brokerage landscape through its dual regulation by the FCA and FSA, high standards of client service and a technological edge that caters to diverse trading needs and styles. Whether you’re a beginner looking to enter the market or a professional trader seeking a reliable platform, Valutrades offers a comprehensive and secure trading environment.
INTRODUCTION
Valutrades was founded with the primary mission of providing traders with a transparent, efficient and reliable trading environment. Since its inception, the broker has grown significantly, reaching a global client base by offering services that cater to various trading preferences and strategies.
At the core of Valutrades’ philosophy is a commitment to providing access to the global financial markets in a way that is straightforward yet effective. The broker emphasises the importance of ethical trading practices, customer satisfaction and continual improvement of its services and technology.
These principles are aimed at empowering traders to achieve their trading objectives through a supportive environment that encourages learning and development.
The broker’s service portfolio is designed to be inclusive, catering to a wide range of traders from beginners who might benefit from its educational resources and supportive trading environment, to experienced professionals seeking advanced trading capabilities and lower transaction costs. By fostering a culture of transparency and support, Valutrades aims to be a trusted partner to its clients, helping them navigate the complexities of the financial markets with confidence and success.
PROS & CONS
PROS
- Regulated by reputable authorities.
- Offers a range of trading platforms, including MetaTrader4 and MetaTrader5.
- Competitive spreads and low trading costs.
- Offers rebates on trades.
CONS
- Limited product portfolio compared to some competitors.
- Restricted leverage for retail clients due to regulatory constraints.
TRADING INSTRUMENTS
Valutrades offers a fairly diverse array of trading instruments, allowing traders to diversify their portfolios across different markets. The broker’s offerings can be categorised into three main asset classes: forex, indices and commodities.
Each category is designed to cater to the varying preferences and strategies of traders, from those interested in the fast-paced forex market to those looking to hedge or take positions in commodities and indices.
Forex
As a primary offering, Valutrades provides traders with the opportunity to trade a wide range of over 80 currency pairs. This includes all the major pairs such as EUR / USD, USD / JPY and GBP / USD, as well as a variety of minor and exotic pairs.
Forex trading is particularly popular due to the high liquidity and 24-hour availability of the market. Valutrades ensures competitive spreads and access to high leverage, making it an attractive option for traders seeking to capitalise on currency market fluctuations.
Indices
Trading indices with Valutrades is another attractive option for traders who prefer exposure to entire sectors or economies at once. The broker offers access to some of the world’s leading indices including the S&P 500, FTSE 100 and DAX 30, among others.
Indices are a popular choice for both speculative trading and portfolio diversification, as they reflect the performance of a basket of stocks, reducing individual stock risk.
Commodities
For those interested in commodities trading, Valutrades offers a variety of commodities including precious metals like gold and silver, as well as energy commodities like oil and natural gas. Trading commodities is often used as a hedge against inflation and currency devaluation.
Valutrades provides flexible commodity trading options that cater to both short-term speculative and long-term strategic trading approaches.
By offering these varied trading instruments, Valutrades enables its clients to participate in a wide range of markets, facilitating a broader strategic approach to trading that can enhance portfolio performance. The broker’s robust platform features including advanced charting and analytical tools, support effective market analysis and decision-making across these diverse instruments.
TRADING PLATFORMS
Valutrades understands the importance of a reliable and efficient trading platform, which is why it offers its clients access to two of the industry’s leading platforms: MetaTrader4 (MT4) and MetaTrader5 (MT5). These platforms are designed to cater to traders of all levels, from beginners to advanced users, by providing comprehensive tools and features that enhance trading efficiency and effectiveness.
MetaTrader4 (MT4)
MT4 has established itself as the industry standard among forex traders worldwide due to its robust functionality, user-friendly interface and extensive customisation options. Valutrades’ MT4 platform allows traders to:
- Execute trades with a variety of order types and execution modes.
- Analyse markets using over 30 built-in technical indicators and 24 analytical objects.
- Create and implement automated trading strategies using Expert Advisors (EAs).
- Access historical data for back-testing strategies.
MT4 is particularly favoured for its stability and reliability, making it a preferred choice for traders focusing on forex and CFD trading. The platform is available on desktop, web and mobile versions, ensuring traders can monitor markets and manage trades from anywhere at any time.
MetaTrader5 (MT5)
As the successor to MT4, MT5 offers additional features and extended capabilities, making it suitable for traders looking to access not only forex but also stocks and futures markets. The MT5 platform offers several enhancements over its predecessor, including:
- Support for more order types and financial instruments.
- An advanced built-in economic calendar.
- Over 80 technical indicators and analytical tools.
- Improved charting technology and more timeframes.
- Enhanced strategy tester for EAs with real tick data.
MT5 also supports the use of Expert Advisors (EAs) for automated trading and comes equipped with a powerful scripting language, MQL5, which is faster and more efficient than the previous version, allowing for more complex and faster processing of trading robots and indicators.
Both platforms support one-click trading, real-time market quotes and offer a secure and supportive environment for managing trades. Valutrades provides these platforms to ensure that its clients have the best tools at their disposal, optimising their trading processes and enabling more informed and timely trading decisions.
This commitment to providing advanced trading technology underpins Valutrades’ dedication to meeting the needs of its diverse client base.
ACCOUNT TYPES
Valutrades offers two primary types of trading accounts to cater to different trading styles and preferences: the Standard Account and the ECN Account. Each account type is designed to meet specific trader needs, from those who prefer a simple, straightforward trading experience to those who seek the competitive edge of low spreads and direct market access.
Standard Account
The Standard Account at Valutrades is ideal for beginners and traders who prefer a more straightforward approach to trading. This account type features spreads starting from 0.2 pips and no commissions being charged on trades.
Leverage of up to 500:1 is available, while no minimum deposit is required for this account.
ECN Account
The ECN (Electronic Communication Network) Account is designed for more experienced traders who demand lower spreads and faster execution. This account type provides several benefits including faster execution speeds, lower spreads starting from 0.0 pips with commissions being charged at $6 USD per lot.
Both account types at Valutrades are equipped with robust tools and features offered by the MetaTrader platforms, and traders can choose the account type that best fits their trading style and objectives. Whether opting for the simplicity and ease of the Standard Account or the competitive edge provided by the ECN Account, Valutrades caters to a wide spectrum of trading preferences.
HOW TO OPEN AN ACCOUNT
Opening an account with Valutrades is straightforward and can easily be done via the broker’s website. Traders are required to upload their personal information and provide the required documents to the broker.
Once the documents are verified, traders are able to select their account type, deposit funds and begin trading.
DEMO ACCOUNT
Valutrades offers a demo account that simulates real trading conditions with virtual funds. It’s an excellent way for new traders to gain familiarity with the platform and test trading strategies without any risk.
SOCIAL TRADING AND COPY TRADING
The broker does not provide its own social trading or copy trading features, however, the broker does not prohibit traders from using these features. Traders are able to access these features through the provision of MT4 and MT5 and the features such as EAs available thereon.
COMMISSIONS AND FEES
Valutrades is known for its transparency in terms of commissions and fees. The Standard Account is commission-free, whereas the ECN account involve a commission of $6 USD per lot per trade.
The broker also offers competitive spreads that can be as low as 0.0 pips for certain instruments. Additionally, there are no inactivity fees or transaction fees charged by the broker.
LEVERAGE
Leverage options vary depending on the account type and client classification (retail or professional). Regulatory limits apply, with maximum leverage for retail clients capped by regional regulatory guidelines, to a maximum of 30:1.
For professional clients, leverage of up to 500:1 is available.
WITHDRAWALS AND DEPOSITS
The broker offers multiple methods for deposits and withdrawals, including bank transfers, credit and debit cards and various eWallets. Valutrades processes these transactions with high efficiency and low transaction costs.
The broker does not charge fees on transactions, although they do state that third-party service providers may charge fees.
CUSTOMER SERVICE
Valutrades provides robust customer support through live chat, email and phone. Support is available in multiple languages, reflecting the broker’s commitment to serving a global clientele.
The broker’s customer service team is available 24/5 and is known to be responsive and helpful.
SAFETY AND SECURITY
Safety and security are paramount in online trading and Valutrades takes extensive measures to ensure the integrity of its trading environment and the protection of client assets. The broker’s commitment to these principles is strongly supported by its regulatory compliance with two major financial authorities: the Financial Conduct Authority (FCA) in the United Kingdom and the Financial Services Authority (FSA) in Seychelles.
Regulation by the FCA
The FCA is one of the most respected regulatory bodies in the financial world, known for its stringent standards and strict oversight. Regulation by the FCA provides several key protections including client money protection, strict regulatory standards and adherence to the Financial Services Compensation Scheme (FSCS) which insures clients’ money is insured up to the value of 85 000 GBP.
Regulation by the FSA
While the FSA in Seychelles is not as stringent as the FCA, it still provides a regulatory framework that helps in boosting the transparency and operational standards of Valutrades. The FSA’s oversight ensures operational standards compliance and improved global reach and flexibility.
Additional Safety Measures
Beyond regulatory compliance, Valutrades employs several other measures to ensure the safety and security of its clients including advanced encryption technology, two-factor authentication and advanced risk management tools.
Through rigorous adherence to the regulations set by the FCA and FSA, coupled with its own robust safety measures, Valutrades demonstrates a solid commitment to providing a secure and trustworthy trading environment. This regulatory and technological framework not only protects traders but also enhances the overall integrity and reliability of the trading experience.
PROMOTIONS
Occasionally, Valutrades offers promotions and bonuses designed to attract new traders and reward existing ones. Currently, the broker offers a rebate program where qualifying traders can earn up to 33% rebates on their trading fees.
RESEARCH
The broker provides comprehensive research tools including daily market analysis and insights, economic calendars and advanced charting tools. These resources are designed to help traders make informed decisions.
Many of these features are available through the MetaTrader platforms, ensuring traders have access to a superb trading environment.
EDUCATION
Valutrades boasts a rich educational hub that includes tutorial videos, eBooks and more, all accessible through the Blog tab on the broker’s website. These resources cater to traders at all levels and are crucial for trading skill development.
GLOBAL AWARDS
Through our research, it was not evident that Valutrades has won any global awards, although this does not mean that the broker hasn’t won any and they may still do so in the future.
SAFE OR SCAM?
When evaluating the legitimacy and reliability of a forex broker like Valutrades, several key factors are essential to consider, particularly regulatory oversight, operational transparency and client feedback. Valutrades stands up well under such scrutiny, reinforcing its status as a safe and legitimate broker.
Valutrades is regulated by two reputable authorities: the FCA in the United Kingdom and the FSA in Seychelles. The FCA, known for its stringent rules and rigorous enforcement, provides a high level of security and operational integrity, offering significant protections to traders such as client money protection and access to the Financial Services Compensation Scheme (FSCS).
Transparency in operations is another critical factor in assessing the safety of a broker. Valutrades maintains a high level of transparency in its trading operations, fee structure and transaction processes.
The broker provides clear information on its website regarding its regulatory status, trading conditions and risk management tools, allowing traders to make informed decisions.
Client testimonials and feedback on various independent review platforms generally reflect positively on Valutrades. Traders often highlight the broker’s reliable customer service, the stability of the trading platforms and the efficiency of the execution speeds.
Positive reviews, especially those that reference prompt customer service and straightforward withdrawal processes, further support the trustworthiness of Valutrades.
The adoption of advanced security measures such as SSL encryption, segregated client accounts and two-factor authentication (2FA) enhances the safety of client funds and personal information. These measures are crucial for protecting against potential cyber threats and ensuring that traders’ assets are safe even in the unlikely event of the broker’s financial troubles.
Considering these factors, Valutrades can be classified as a safe and credible broker. The stringent regulatory oversight by both the FCA and FSA, combined with operational transparency and strong client protection measures, provides a secure trading environment, effectively dispelling concerns about scams.
CONCLUSION
Valutrades stands out as a reputable broker that offers a solid trading environment for diverse trading strategies. With robust regulatory oversight, a range of trading tools and dedicated customer service, it provides a reliable and secure platform for traders globally.
After conducting the above review into the broker, the team at Brokersuggest.com highly recommends Valutrades as a superb broker. The only drawback is the limited trading instruments on offer, however, for traders focused on forex trading, Valutrades would be a superb brokerage to partner with.
