Valutrades Review 2024
Website: www.valutrades.com
Min. Deposit: US$ 50
Leverage: 1:30 | 1:500
Trading Platforms: MT4, MT5
Regulation: FCA, FSAS
Headquarters: UK
Founded: 2012
Regulatory Licenses:
- Valutrades Limited - authorized by FCA (UK) registration no. 586541
- VALUTRADES (SEYCHELLES) LIMITED - authorized by FSAS (Seychelles) registration no. SD028
Updated on January 8, 2024
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Valutrades is a Forex and CFD trading provider catering to a range of traders from beginners to the more advanced. This brokerage offers the opportunity to trade a substantial variety of instruments, including over 80 major, minor, and exotic Forex currency pairs, as well as CFDs on Equity Index, Indices, and Commodities.
Pros
Valutrades operates as a regulated broker, ensuring a lowrisk trading environment for Forex.
The process for opening an account is streamlined and straightforward.
A diverse array of trading products and advanced trading technology are available, including ECN accounts.
Multiple methods for depositing and withdrawing funds are provided.
Cons
Customer support is not available 24/7.
The broker's offerings may be more suitable for traders with some level of experience.
Is Valutrades Safe or a Scam? ▲
Valutrades is unequivocally not a scam. It operates under the regulation of the UK's Financial Conduct Authority (FCA), ensuring it functions as a licensed financial services provider.
Valutrades Review Summary in 12 Points ▲
Headquarters: UK
Regulation: FCA, FSAS
Instruments: Forex, CFDs, Indices, Commodities
Platforms: MT4, MT5
EUR/USD Spread: 0.1 pips
Minimum deposit: $50
Demo Account: Provided
Base currencies: USD, EUR, GBP
Education: Comprehensive educational support with a wealth of materials and regularly updated information
Customer Support: Available 24/5
Valutrades stands out as a trustworthy broker, offering beneficial trading conditions and a high level of transparency. The broker presents a suite of trading services, characterized by competitive spreads and fees. Based on our extensive testing and comparison with over 1000 brokers, Valutrades achieves an Overall Ranking of 8.9 out of 10.
Indeed, Valutrades is a legitimate and regulated brokerage. It adheres to various operational restrictions under its regulation, including stringent client money segregation rules and conditions that apply to every transaction it undertakes. Our assessment of Valutrades' trustworthiness results in a Trust Score of 8.9 out of 10, acknowledging its good reputation and reliable top-tier license. It's important to note, however, that regulatory standards and protections can vary depending on the entity, with one of the regulations being situated in an offshore zone.
Valutrades guarantees the separation of clients' funds from the company's operational accounts, ensuring they are not utilized in the company's business activities. Moreover, all deposits are insured up to a maximum of 85,000 GBP under the Financial Services Compensation Scheme. Additionally, Valutrades offers negative balance protection, ensuring clients can never lose more than the available balance in their accounts.
Valutrades stands out in the competitive forex broker market by offering a pricing structure that is both transparent and advantageous to traders. The brokerage implements a dual fee strategy, combining spread and commission-based models, particularly for its ECN account. This review will delve into the specifics of Valutrades' fees and spreads, providing a clear picture of what traders can expect when engaging with this broker.
Valutrades distinguishes itself by integrating fees into the spread and commission for the ECN account, ensuring a transparent cost structure for traders. Additionally, it's crucial for traders to be mindful of swap or rollover fees, which come into play if a position remains open for more than a day. After extensive research and comparison with over 1000 other brokers, Valutrades' fees have been assessed as competitive, receiving a low ranking with an impressive overall score of 8.5 out of 5. This evaluation reflects the broker's commitment to providing cost-effective trading conditions.
Pros
Competitive fee structure with transparency in spread and commission
Low swap or rollover fees for positions held overnight
Cons
The complexity of fees for beginners who might not understand the dual fee structure
Valutrades sets itself apart with some of the tightest and most competitive spreads in the forex market. Our findings reveal that spreads can start as low as 0 pips, particularly attractive for high-volume traders. Specifically, the average spread for the EUR/USD currency pair is remarkably low at 0.1 pips. This level of pricing competitiveness places Valutrades' spreads in a favorable position, earning a low ranking with an overall rating of 9 out of 5 based on our comprehensive testing and comparison to other brokers. The broker's ability to offer forex spreads significantly lower than the industry average, along with attractive spreads for other financial instruments, is a notable advantage.
Pros
Exceptionally low spreads starting from 0 pips
Attractive average spread for major currency pairs like EUR/USD
Cons
Limited information on spreads for less popular instruments
Leverage trading empowers traders to operate with volumes significantly higher than their initial investment, offering the potential to amplify profits. However, it is crucial for traders to understand the mechanics of leverage, as it can also magnify losses. Valutrades provides leverage options in compliance with FCA and FSAS regulations:
For UK traders, leverage is capped at a maximum of 1:30 for Forex pairs, 1:20 for minor currencies, and 1:10 for commodities. Valutrades also caters to international traders through its Seychelles entity, permitting leverage levels up to 1:500 under FSAS regulation.
Valutrades features an ECN trading account known for its exceptionally low spreads and commissions. For newcomers or those wishing to test Valutrades' capabilities risk-free, a complimentary Demo ECN Account is available for trial trading.
How to Open Valutrades Live Account?
Registering an account with Valutrades is straightforward. Follow these steps:
Navigate to the “Open Account” page and click on it
Fill in the required personal details (Name, email, phone number, etc.)
Upload documents for verification of personal information (proof of residence, ID, etc.)
Complete an electronic questionnaire to confirm your trading knowledge
After account verification and activation, proceed with depositing funds.
Valutrades offers a variety of trading instruments including Forex on over 80 major, minor, and exotic pairs, along with CFDs, Indices, and Commodities trading through its ECN accounts, ensuring competitive pricing and spreads starting from 0 pips. Valutrades' Markets Range Score stands at 8.5 out of 10, reflecting a robust selection of trading instruments, though it does not include stocks, futures, or bonds.
Valutrades supports a wide array of funding methods, encompassing both traditional bank transfers or card payments and e-wallets such as Skrill, Neteller, UnionPay, among others.
Valutrades Funding Methods are rated highly with a score of 8.9 out of 10. The broker does not charge fees for most transactions and supports multiple account currencies, though available deposit options may vary by jurisdiction.
Deposit Options
Valutrades accommodates a range of payment methods for deposits including:
Credit/Debit cards
Bank wire
Skrill
Neteller
Union Pay
Giropay, and others
Valutrades Minimum Deposit
The minimum deposit required by Valutrades is $50, which is significantly lower than the $500 commonly required by other brokers. However, trading certain assets may necessitate higher margins.
Valutrades Withdrawals
The broker has established simple and widely-used methods for withdrawals, including Bank Wire and e-wallets, with no fees charged for deposits and the first three withdrawals each month.
How Withdraw Money from Valutrades Step by Step:
Log into your account
Click on 'Withdraw Funds' in the menu tab
Enter the withdrawal amount
Select your preferred withdrawal method
Fill in the electronic form with the necessary details
Confirm the withdrawal information and submit
Monitor the status of your withdrawal through your Dashboard
Valutrades offers access to leading trading platforms MetaTrader 4 and MetaTrader 5, in addition to FIX API. These platforms are accessible via web, desktop, and mobile interfaces.
MT4 and MT5 are recognized for their efficiency and versatility, supporting both manual and automated trading, and providing a wide array of analytical tools, indicators, and charts. Valutrades' Platform Score is 9.2 out of 10, reflecting its provision of popular and professional trading platforms.
Valutrades delivers 24/5 customer support through Live Chat and WhatsApp, ensuring clients have access to assistance during trading days.
Customer Support at Valutrades receives a score of 7.5 out of 10 based on our assessments, with the team providing prompt and informed responses.
Valutrades boasts a comprehensive suite of educational materials, including videos, blogs, webinars, trading courses, and tools.
Valutrades Education is awarded an 8.9 out of 10, demonstrating the high quality of its learning resources and research, in collaboration with leading market data providers.
In conclusion, Valutrades emerges as a trustworthy and technologically advanced broker, offering an ECN connection to liquidity providers and true pricing strategy. Being regulated by the prestigious FCA ensures compliance with stringent operational standards. Valutrades stands out for its ECN spreads from 0.0 pips and a minimal deposit requirement, making it accessible to a wide range of traders.
According to our analysis and expert opinions, Valutrades is highly recommended for:
ECN trading
UK and international traders
Beginners and professional traders
Investors
CFD and currency trading enthusiasts
Users of MT4 and MT5 platforms
Those seeking NDD/STP execution
Traders looking for competitive spreads and fees
Automated trading proponents
Individuals in search of quality learning and research materials
