Valutrades
Pros and Cons
Pros
- Regulated by FCA and FSA
- Diverse range of trading instruments including Forex, commodities, and cryptocurrencies
- Trading platforms: MetaTrader 4 and MetaTrader 5
- Robust educational resources including webinars and market analysis
- Competitive trading conditions with low spreads starting from 0.0 pips
Cons
- Limited range of trading instruments compared to competitors
- Withdrawal fees apply after fourth withdrawal within a month
- Some reports of slippage affecting trading execution
- Only two account types available, lacking diversity
- Limited educational resources for advanced traders
Basic Information
User Reviews
Valutrades Overview
Valutrades, established in 2012, is a prominent forex broker headquartered in the United Kingdom. Over the last decade, it has built a reputation as a reliable electronic communications network (ECN) broker, catering to a diverse clientele and ensuring regulatory compliance under the oversight of reputable authorities. This focus on regulation enhances its credibility and trustworthiness within the competitive forex market.
Is Valutrades Safe? Regulation Analysis
Regulatory Information
| Regulatory Authority | Country/Region | Fund Protection Measures |
|---|---|---|
| Financial Conduct Authority (FCA) | United Kingdom | Segregated Funds, Investor Compensation Scheme |
| Financial Services Authority (FSA) | Seychelles | Segregated Funds |
Is Valutrades Regulated and How Are Client Funds Protected?
Valutrades operates under a dual-entity structure, being regulated by two reputable authorities: the Financial Conduct Authority (FCA) in the United Kingdom and the Financial Services Authority (FSA) in Seychelles. This regulatory oversight ensures that the broker adheres to stringent standards, which includes the segregation of client funds from the broker’s own operational funds. Such measures are crucial in providing a layer of protection for client investments, as they are held in secure accounts at top-tier banks. Additionally, clients may benefit from compensation schemes in the event of financial difficulties faced by the broker. The commitment to maintaining regulatory compliance and fund safety makes Valutrades a legitimate and trusted option for traders looking to navigate the forex market.
Trading Products and Services
What trading instruments does Valutrades offer?
| Asset Category | Available Products | Total Count (if available) |
|---|---|---|
| Forex | Major Pairs (e.g., EUR/USD, GBP/JPY) | Varies |
| Commodities | Gold, Silver, Oil | Varies |
| Indices | S&P 500, NASDAQ | Varies |
| Stocks | US (e.g., Apple, Tesla), UK (e.g., BP, Vodafone) | Varies |
| Cryptocurrencies | BTC, ETH | Varies |
Valutrades offers a diverse range of trading instruments that cater to various trader needs, providing access to multiple asset categories, including forex, commodities, indices, stocks, and cryptocurrencies. This extensive selection ensures that traders, whether beginners or experienced professionals, can find suitable options to support their trading strategies. The availability of different markets promotes portfolio diversification, allowing traders to adapt their approaches according to market conditions and personal preferences. By offering a wide variety of products, Valutrades enhances the trading experience, enabling users to implement flexible strategies and make informed decisions across various financial markets.
Account Types and Trading Conditions
What Account Types and Fees Does Valutrades Offer?
| Account Type | Target User Group | Essential Characteristics | Applicability Notes |
|---|---|---|---|
| Standard Account | Beginners, Regular Traders | No minimum deposit, Commission-free | Suitable for small-capital practice |
| ECN Account | Experienced Traders | Low spreads starting from 0.0 pips, $6 commission per lot | Requires higher trading volume qualifications |
Account Opening Process
To open an account with Valutrades, prospective traders must submit personal, employment, and financial information through an online application. This includes providing identity verification documents, such as a valid ID and proof of address. The process is designed to be efficient, allowing for identity verification through a selfie. Once the account is verified, traders have the flexibility to upgrade to a professional account if their trading volume increases in the future.
Trading Fees
| Product | Spread (pips) | Commission | Notes |
|---|---|---|---|
| Forex (Major Pairs) | From 0.2 | $0 (Standard), $6 (ECN) | Competitive spreads for both account types |
| CFDs (Stocks, Indices, Commodities) | Varies | Varies | Fees depend on the specific instrument |
| Cryptocurrencies | Varies | Varies | Dependent on market conditions |
Other Fees
Valutrades does not charge deposit or withdrawal fees, providing flexibility for traders. However, there may be inactivity fees and overnight interest (swap rates) applicable to positions held overnight. Currency conversion fees may also apply depending on the account currency and the transaction type.
Trading Platforms and Apps
What Trading Platforms and Apps Does Valutrades Offer for Traders?
| Platform | Device Support | Key Features | Additional Services |
|---|---|---|---|
| MetaTrader 4 (MT4) | Windows, macOS, iOS, Android | Secure login, multiple order types, price alerts, technical indicators | Demo accounts, VPS |
| MetaTrader 5 (MT5) | Windows, macOS, iOS, Android | Secure login, advanced trading tools, market analysis features | Demo accounts, VPS |
| Web Version | Browser-based (any OS) | Secure access, symbol lookup, one-click trading | Demo accounts |
| Mobile App | iOS, Android | Convenient login, push notifications, real-time alerts | Demo accounts |
Valutrades offers a range of trading platforms designed to accommodate various trading styles and preferences. MetaTrader 4 and MetaTrader 5 are robust platforms suitable for both beginners and experienced traders, providing comprehensive tools for market analysis and secure trading. The web version allows seamless access across devices without the need for installation, while the mobile app ensures convenient trading on-the-go with real-time alerts and notifications. Each platform emphasizes security, fast order execution, and efficient tools for market research and trading strategy implementation.
Overall, Valutrades supports a versatile trading environment that enables clients to manage their investments effectively, whether through desktop, web, or mobile platforms. The availability of demo accounts further allows traders to practice and refine their strategies in a risk-free setting.
Deposit and Withdrawal
Deposit and Withdrawal Options
| Payment Method | Processing Time | Fees | Limits | Base Currency Options |
|---|---|---|---|---|
| Bank Transfer | 1–3 business days | No platform fee | Min $50, Max $20,000 | USD, EUR, GBP |
| Credit/Debit Card | Instant | No platform fee | Min $50, Max $5,000 | USD, EUR, GBP |
| e-Wallets (e.g., Skrill, Neteller) | Instant | No platform fee, but 1.5% charge on withdrawals | Min $50, Max $10,000 | USD, EUR, GBP |
Minimum Deposit
Valutrades requires a minimum deposit of $50 to open an account. This minimum deposit applies uniformly across all payment methods and account types, ensuring accessibility for traders starting with smaller capital amounts.
How to Withdraw
To withdraw funds from your Valutrades account, follow these steps: 1. Log in to your Valutrades account. 2. Navigate to the ‘Withdrawal’ section in your account dashboard. 3. Select your preferred withdrawal method (e.g., Bank Transfer, Credit/Debit Card, e-Wallet). 4. Enter the amount you wish to withdraw, ensuring it meets the minimum and maximum limits. 5. Confirm your details and submit the withdrawal request. 6. Monitor the status of your withdrawal in the account dashboard.
Customer Support
Valutrades Customer Support Overview
Support Channels
Valutrades provides several convenient methods for customers to reach out for support, ensuring that help is readily accessible. The main contact methods include:
- Email: Customers can email support for queries or detailed assistance. Valutrades monitors the email inbox and typically responds within 10-30 minutes during business hours.
- Live Chat: Available on the Valutrades website, this option provides instant help for general inquiries during business hours.
- Telephone: Customers can call +44 (0) 20 3141 0888 for immediate assistance. This service is available during business hours and is conducted in English.
- Social Media: Valutrades may also be contacted through their social media channels for quick updates and information.
Service Availability
The customer support team at Valutrades is available 24 hours a day, 5 days a week, from Monday 12:00 AM to Saturday 11:00 PM UK time. Multilingual support is provided, primarily in English, catering to a diverse client base.
Additional Resources
Valutrades offers various educational resources to enhance the trading experience, including video tutorials, webinars, and market analysis. These resources are designed to support traders in making informed decisions and improving their trading strategies.
Frequently Asked Questions
Yes, Valutrades is regulated by two reputable authorities: the Financial Conduct Authority (FCA) in the United Kingdom and the Financial Services Authority (FSA) in Seychelles. Client funds are protected through segregation measures, ensuring that they are kept separate from the broker’s operational funds in secure accounts at top-tier banks. Additionally, clients may benefit from compensation schemes in case of financial difficulties faced by the broker.
Valutrades offers two main account types: the Standard Account, which is suitable for beginners and regular traders with no minimum deposit and commission-free trading, and the ECN Account, designed for experienced traders with low spreads starting from 0.0 pips and a $6 commission per lot.
Valutrades provides access to multiple trading platforms, including MetaTrader 4 (MT4), MetaTrader 5 (MT5), a web version for browser-based trading, and a mobile app for trading on the go. Each platform offers secure access, various tools for market analysis, and features tailored to different trading styles.
To deposit funds, log in to your Valutrades account, navigate to the ‘Deposit’ section, and select your preferred payment method. Withdrawals can be made by logging into your account, going to the ‘Withdrawal’ section, and selecting your withdrawal method. Valutrades offers various payment methods, including bank transfers, credit/debit cards, and e-wallets.
Related Forex Brokers
Risk Disclosure
Trading forex/CFDs via brokers carries high risks, including potential total loss. For any data changes, please refer to the latest information on the brokers' official websites. Trade with caution and seek independent advice.