- Valutrades Pros and Cons
- Is Valutrades safe or a scam?
- Trading Fees
- Deposits and Withdrawals
What is Valutrades?
Based in London, UK the Valutrades is a trading service provider for Forex and CFD catering for beginner to advanced traders. The company mainstays at the technology-driven ECN execution and connection, while offering fair trading conditions, including Free VPS (for live accounts depositing and trading more than 1 trades per month), spreads from 0.0 pips while all traded with negative balance protection.
Nevertheless, Valutrades constantly increasing their market offering and pillar on Forex, CFDs and commodities trading, while now there are 5 Cryptocurrencies available for trading Bitcoin, Bitcoin Dash, Dash Coin, Ethereum, Litecoin and Ripple. Along with its technological solutions, traders of any strategy can join the trading, as Algo’s, EAs, Robots, HFT Traders, Scalpers and of course new traders are welcomed.
Along with the retail client’s offering company brings a variety of partnership programs for affiliates too, thus fund managers throughout the MAM program and more are very well treated.
Valutrades Pros and Cons
Valutrades is regulated broker considered low risk for Forex trading, account opening is smooth and easy, there is good range of trading products and trading technology with ECN account. Various options to deposit or withdraw funds are avalable.
On the flip side there is no 24/7 support and overall proposal might be better for traders with experience.
10 Points Summary
|🗺️ Regulation||FCA, FSAS|
|📉 Instruments||Forex, CFDs and commodities trading, Cryptocurrencies|
|🖥 Platforms||MT4, MT5, Hummingbird, Web Trader|
|💰 EUR/USD Spread||0.3 pips|
|💳 Minimum deposit||50$|
|🎮 Demo Account||Provided|
|💰 Base currencies||USD, EUR, GBP|
|📚 Education||Educational support with numerous materials and updated information|
|☎ Customer Support||24/5|
Is Valutrades safe or a scam
No, Valutrades is not a scam since regulated in the UK by the Financial Conduct Authority (FCA) as a licensed financial services provider.
According to the regulations, Valutrades is subject to various restrictions and methodologies itself on how to operate the trading process or clients. Therefore, strict client money segregation rules and conditions are applied to every transaction they perform. That means that the client’s funds will be held in separately from the company accounts and will not be used in the course of the company business.
In addition, all deposits are covered up to a maximum of 85,000 GBP under the Financial Services Compensation Scheme, learn more about FCA regulatory requirements by the link. Overall, Valutrades over the years of operation showed transparent conditions along with high quality services to the traders, as well with great performance in adapting to their trader’s needs.
For the leverage levels, which allows you to trade bigger size throughout taken from the broker increase which enhances your trading capabilities, yet learn how to use the tool smartly.
Even though leverage is a very useful tool, recent updates from the regulatory bodies applied some restrictions towards retail traders on leverage levels with a purpose to limit potential risks. Therefore, as the UK regulated firm Valutrades offers a maximum of
- 1:30 for major Forex instruments, and even lower 1:20 for minor currency pairs or 1:10 for commodities.
Valutrades allows to choose between two account types that can suit an individual requirement, either the ECN for super low spread and commission or Standard account with costs included in the spread. Both accounts provided via ECN technology connectivity that delivers ultra-fast execution against prices.
Valutrades pricing and fees are built into a spread and commission for ECN account. For full fee structure see fee table below with funding and inactivity fees.
Valutrades spread see comparison below, but generally Valutrades trading costs seem to be an attractive feature, compare its fees to another UK popular broker HotForex.
|Asset||Valutrades Spread||ADS Securities Fees||AETOS Spread|
|EURUSD Spread||0.3 pips||1 pips||1.24 pips|
|Crude Oil WTI Spread||1 pips||4 pips||5|
|Gold Spread||1 pips||5 pips||26.82|
Deposits and Withdrawals
Payment options including the most common methods which offer both bank transfers or cards payments and e-wallets like Skrill, Neteller, UnionPay and Advanced Corretora.
Valutrades minimum deposit amount is 50$. Nevertheless, always make sure on a trading instrument you planning to trade, as various assets require different margins.
Valutrades minimum deposit vs other brokers
|Valutrades||Most Other Brokers|
The funding methods have been established in the easiest and most used options for traders including Bank Wire and e-wallets as withdrawal option. There are no any fees for deposits and the first three withdrawals each month.
To meet and perform the technology-driven execution, the software requirements should be at an extensive level also. For that reason, Valutrades chose the most stable and trustable platform available in the industry – MetaTrader4, the single web platform with access to all range of trading instruments.
User-friendly, yet highly customizable with comprehensive settings and tools, the platform provides traders with the option to trade manually or automatically, with the variety of multiple analytical tools, indicators and charts.
The MetaTrader4 available through Web Trader or desktop version. The platform also supports MAM accounts and mobile trading in multiple languages, currencies along with the tools alike Economical Calendar, news and more.
In addition, if trader prefers to use an extended version of MT4, the MetaTrader5 remaining at the disposal too, while even more powerful capabilities allow you to strengthen forex trading strategy.
Also, as Valutrades added Cryptocurrencies to their offering as well to link cryptos to the forex market broker uses revolutionized mobile trading platform Hummingbird. The platform indeed is a hustle free software allowing an understanding way to trade without confusion.
Valutrades operates in 6 continents in more than 70 worldwide countries, while upholds the highest standards in product offering, service, professionalism and transparency. By providing a personal experience tailored to an individual’s demands, the broker covers multilingual needs likewise the educational support with numerous materials and updated information about markets remaining on hand.
Moreover, Valutrades regularly conducts webinars, educational seminars and events to keep the traders fully informed.
Although, the Valutrades review shows broker is relatively young in the industry they managed to gain international trust by their technology-driven strategy and fair offering to the clients. The broker uses ECN connectivity to the liquidity providers, which ensures the true pricing strategy as well avoids any conflicts of interests. Valutrades also is certainly trusted one since regulated by one of the leading world authority – FCA (Financial Conduct Authority) while complies with all necessary requirement to the method of operation. Another pleasant proposal is their very low deposit requirement of only 50$ which brings an opportunity to almost any trader to invest and start the process.
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