60% of retail investor accounts lose money when trading CFDs with this provider.
Valutrades Review 2024
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
- $1
- MT4
- MT5
- WebTrader
- FCA
- 2009
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
- $1
- MT4
- MT5
- WebTrader
- FCA
- 2009
Our Evaluation of Valutrades
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
Valutrades is a broker with higher-than-average risk and the TU Overall Score of 4.4 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by Valutrades clients on our website, Traders Union expert Anton Kharitonov recommends users to consider a more reliable broker with better conditions, as, according to reviews, many clients of this broker are not satisfied with the company’s work.
Valutrades is a reliable broker for active professional trading and algorithmic trading of the most popular financial instruments.
Brief Look at Valutrades
Valutrades was founded in 2012. The broker provides access to Forex and CFD trading. The company is headquartered in London and its operation is regulated by the Financial Conduct Authority – FCA (registration number 586541). In 2019, Valutrades opened a branch in the Seychelles, which is regulated by the Financial Services Authority (license 8423648-1, regulatory number SD028).
- Low commissions, spreads from 0.
- Quick execution thanks to connection to data centers processing large flows of liquidity from major banks.
- Desktop, online and mobile versions of MetaTrader 4 and MetaTrader 5 are available for trading.
- Reliable regulation by FCA, and also insurance of clients’ funds and negative balance protection.
- No requirements for a minimum deposit – you can start trading with USD 1 on your account.
- Wide choice of deposit/withdrawal methods.
- Small selection of available trading instruments.
- Customer support is available only during working hours on weekdays.
- No PAMM service.
TU Expert Advice
Financial expert and analyst at Traders Union
Valutrades has been providing services since 2012. At the time of its establishment the name of the company was Monex Capital Markets. In 2013, the company obtained the FCA license, and in 2014, the broker performed rebranding taking on the name Valutrades and launching a server at the Equinix data center (New York). Growing steadily and consistently, the broker hired professionals to its top management, launched servers in Hong Kong and London and opened a branch in the Seychelles.
At all stages of growth, the broker’s clients had quick order execution and quotations with tight spreads for all products in real time mode. Valutrades offers only one account type – ECN. This, however, is a universal system it is connected to Currenex, Hotspot, and FastMatch networks. Therefore, the conditions can definitely be considered beneficials, as the spreads start from 0 pips. In the UK jurisdiction, the broker offers a leverage up to 1:30 for retail clients and 1:500 for professionals. The clients with accounts in the Seychelles can trade with the leverage of up to 1:500 without the status of a professional. The spreads are floating. As a service fee, the broker charges a rather low commission - $3 per trade.
Detailed conditions of the trading accounts can be learned from the specialists of the broker’s customer support. The operators of the online chat work only during the working hours (London time), but respond quickly and provide good answers; English, Portuguese, Spanish, and Chinese languages are supported.
Valutrades Summary
Your capital is at risk. 60% of retail investor accounts lose money when trading CFDs with this provider. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
| 💻 Trading platform: | МТ4 (Desktop, Mobile, Web), МТ5 (Desktop, Mobile), WebTrader |
|---|---|
| 📊 Accounts: | Demo, ECN |
| 💰 Account currency: | USD, EUR, GBP, JPY, AUD, CHF, NZD, ZAR, CAD, HKD, NOK, SGD, SEK |
| 💵 Replenishment / Withdrawal: | Visa/Mastercard cards, wire transfer, PayPal, Neteller, Skrill, Diners, Amex, AstroPay, SticPay, GiroPay, iDeal, Klarna, JCB, POLi, Paysafecard, Przelwy24, Rapid, local transfers for clients in Asia, Africa, South America |
| 🚀 Minimum deposit: | From USD 1 |
| ⚖️ Leverage: | Up to 1:30 (for retail trading), up to 1:500 (from professional traders) |
| 💼 PAMM-accounts: | No |
| 📈️ Min Order: | 0.01 |
| 💱 Spread: | from 0 pips (ECN) |
| 🔧 Instruments: | Currency pairs (60), CFDs on stock indices (13), and also gold, silver, palladium and oil |
| 💹 Margin Call / Stop Out: | 100%/50% |
| 🏛 Liquidity provider: | Major banks connected to Equinix data processing center |
| 📱 Mobile trading: | Yes |
| ➕ Affiliate program: | Yes |
| 📋 Orders execution: | Market Execution |
| ⭐ Trading features: | No |
| 🎁 Contests and bonuses: | No |
Valutrades offers its clients over 80 instruments for trading, an ECN account, classical MetaTrader 4/5 platforms (and an option of connecting via FIX API). The traders are offered leverage from 1:30 to 1:500 depending on the trading instrument and the status of the client (professional or private trader). Potential clients can test trading conditions using a demo account. Working on Islamic accounts (without charging swaps) is unavailable to Muslim traders.
Valutrades Key Parameters Evaluation
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Trading Account Opening
In order to start trading with Valutrades, you need to become the broker’s client by opening a trading account. This is a short guideline:
On the website of Valutrades click on Open Account.
The system will offer you to choose a branch for opening the account – the UK or the Seychelles.
When opening an account in the Seychelles, the broker offers a wide selection of servers and leverage settings (up to 1:500), but this account has only one base currency – USD. Registration with the offshore branch is quicker, and in the UK – there are three stages of registration. In both cases, the account with the broker can be linked to the Google, Facebook accounts.
After choosing the UK branch, fill out the registration form. The broker asks you to provide not only your personal data (first name, middle name, last name, birth date, place of residence and phone number), but also the amount of available capital, source of income and also trading experience. In order to deposit money on the trading account, you need to pass verification.
Once you register, your Personal Account will become available to you, where you will be offered to upload two documents – proof of identity and proof of address.
The features of the Personal Account on Valutrades are designed at a high level. In addition to working with personal data (account and documents), the traders can:
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Create real/demo accounts.
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Deposit/withdraw funds.
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Download installation software of trading platforms.
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Set up security features (including 2-factor authentication).
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Receive latest information on specifications, swaps, dividends.
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Download reports.
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Have access to relevant brokerage agreements.
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Work with the referral program.
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Contact customer support.
Regulation and safety
Valutrades holds a top license Full-Scope IFPRU 730к from FCA, which sets the company apart from other brokers who have the FCA license. This type of license confirms that the broker has a larger capitalization than many of its competitors and also increased oversight on part of the regulating authorities.
Partnership with major British banks Barclays, Lloyds and Natwest, regional banks, electronic wallets Neteller and Skrill ensures both simplicity of financing and safekeeping of clients’ funds.
The latest security system meets the PCI standards, providing protection against hacker attacks.
Advantages
- The funds of the clients are separated from Valutrades capital and are kept on segregated accounts in Tier1 banks
- Negative balance protection in both branches – UK and Seychelles
- If the broker violates its obligations written in the public offer, the client can file a complaint with the regulator
- Valutrades UK is a member of FSCS of the UK, which means the accounts are insured for an amount of up to GBP 85,000 per client.
- Wide choice of electronic payment systems for deposits and withdrawals
Disadvantages
- In order to open an account a client must provide detailed financial information
- It is impossible to deposit and withdraw funds without passing verification
Commissions and fees
| Account type | Spread (minimum value) | Withdrawal commission |
|---|---|---|
| ECN | from $3 | Yes |
The broker charges swaps (a fee for position rollover to the following day).
Also, the Union’s analysts compared the average commissions on Valutrades, Admiral Markets and FxPro. The results of the comparison can be seen in the table below.
| Broker | Average commission | Level |
|---|---|---|
|
$3 | |
|
$1 | |
|
$8.5 |
Account types
Valutrades offers only one account type – ECN. Spread is from zero. Commission is from USD 3 per lot. Traders can use MT4 (desktop, web, mobile versions), MT5 (desktop, mobile versions) and FIX API platforms for trading.
Account types:
Demo accounts are available for all trading platforms.
Valutrades is a STP broker, providing beneficial trading conditions for professional traders, who prefer to use ECN technology for their work.
Deposit and Withdrawal
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The team of Valutrades processes a withdrawal application within 24 hours of working time.
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Every client has a right to three zero-fee withdrawals per month. If a client wants to make a 4th withdrawal, he/she will be offered to confirm a 5% withdrawal fee.
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The money can be withdrawn only using the same method it was deposited to the account. If such a method is no longer available, the client will need to contact customer support.
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In order to deposit money to the account, a trader must first pass verification.
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The broker does not have a minimum deposit, but some payment providers may have their own requirements.
Investment Options
Investment Programs, Available Markets and Products of the Broker
Valutrades focuses on working with individual traders. PAMM accounts are not supported and it is not possible to connect to copy trading. MAM (Multi-Account Manager) is the only feature that is available. Valutrades uses the latest software MetaFX MAM
to support capital managers in compliance with high quality standards. This is the perfect solution for managing several accounts opened with Valutrades.
Special features of the solutions on managing investor funds:
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The accounts are provided to the manager for free, without any opening commissions.
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The services are provided via a simple and reliable MetaFX MAM Manager platform.
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Investors can manage their capital, monitoring its dynamics in real time mode.
Any current client of the broker can become an account manager or an investor of a MAM account. It is not necessary to have a professional status or meet some criteria for that. At that, the investor and the manager must sign a contract on additional services.
If you are a large investor and plan on investments over $10,000, contact us at vip-invest@tradersunion.com or by the feedback form on our website. Our professional team will take you through all the intricacies of the deal and all the steps from signing up to withdrawal of profits.
Valutrades’s affilate program
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Affiliate Program – Valutrades offers an affiliate program with high rebates, with the important feature of the program being no limits on the referrals by levels.
Participants of the affiliate program can withdraw rebates at any time without restrictions. They can view statistics on referrals in the account. The broker offers simple registration, full automation of the process and access to marketing materials including over 100 banners.
To join the program, you need to send a request from the registered Personal Account.
Customer support
The operators of the customer support are available only during working hours 0 from 9:00 am until 6:00 pm (London time) from Monday till Friday.
Advantages
- It is possible to ask a question in the online chat without being the company’s client
- Support is available in 4 languages – English, Portuguese, Spanish and Chinese
Disadvantages
- Operates 9/5
The broker provides the following methods of contacting customer support:
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Phone number;
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Email;
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Online chat on the website and Personal Account;
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Feedback form.
Not only a registered client, but also a trader without an active Personal Account can contact the broker’s representative to ask a question.
Contacts
| Foundation date | 2009 |
|---|---|
| Registration address | 51 Eastcheap, London, EC3M 1JP, United Kingdom. |
| Regulation | FCA |
| Official site | https://www.valutrades.com/ |
| Contacts |
+44 (0) 20 3141 0888
|
Education
Valutrades website features a separate Education section with a large number of useful materials, which is regularly updated.
The company also has a blog with regular publications on current market analytics, advice on trading strategies, information on company products.
Comparison of Valutrades with other Brokers
| Valutrades | RoboForex | Pocket Option | Exness | TeleTrade | Deriv | |
| Trading platform |
MT4, MT5, WebTrader, FIX API, Mobile | MT4, MT5, R MobileTrader, R StocksTrader, R WebTrader | Pocket Option, MT5, MT4 | Exness Trade App (mobile), Exness Terminal (web), MetaTrader5, MetaTrader4 | MT4, MT5 | Deriv bot, Deriv MT5, Derivix, Deriv Trader, SmartTrader |
| Min deposit | No | $10 | $5 | $10 | $1 | $5 |
| Leverage |
From 1:1 to 1:500 |
From 1:1 to 1:2000 |
From 1:1 to 1:1000 |
From 1:1 to 1:2000 |
From 1:1 to 1:10 |
From 1:1 to 1:1000 |
| Trust management | No | No | No | No | No | No |
| Accrual of % on the balance | No | No | No | No | No | 1.00% |
| Spread | From 0 points | From 0 points | From 1.2 point | From 1 point | From 0.8 points | From 0 points |
| Level of margin call / stop out |
100% / 50% | 60% / 40% | 30% / 50% | No / 60% | 70% / 20% | 100% / 50% |
| Execution of orders | Market Execution | Market Execution, Instant Execution | Market Execution | Market Execution, Instant Execution | Market Execution, Instant Execution | Market Execution |
| No deposit bonus | No | No | No | No | No | No |
| Cent accounts | No | Yes | No | No | No | No |
Detailed Review of Valutrades
Valutrades focuses on providing the highest quality of comparatively small list of services. In addition to the demo, only one account type is available to the traders – ECN. The broker provides access to trading 60 currency pairs, 13 CFDs on indices and several commodity assets. The company attracts traders thanks to quick order execution, beneficial commissions, tight spreads, and a possibility to use any trading strategies. The clients can conduct automated trading, trade on news, use Sentiment data, free analytics from Brad Alexander expert, additional indicators for Metatrader.
Valutrades in figures:
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Clients from over 70 countries.
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Over 9 years in the field of brokerage services.
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Accounts in the UK are insured for the amount of up to GBP 85,000.
Valutrades is a broker for active trading
The broker’s services are located all across the world in large data processing centers including NY4, LD4, TY3 and HK3. The broker is also a member of oneZero ecosystem, which allows for distributing liquidity among other brokers and firms in the same field at reduced commissions for all members. Add Currenex, Hotspot, FastMatch networks to that and it becomes clear why Valutrades offers its clients tight spreads, choosing the best prices from different sources.
One-click trading, use of automated advisors and scripts, and news trading are available to the broker’s clients.
Useful services offered by Valutrades:
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Exclusive indicators for MetaTrader.
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Sentiment data show positioning of the broker’s clients in real time mode in the EURUSD, AUDUSD, USDJPY, GBPUSD, XAUUSD markets.
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VPS from Beeks Financial Cloud. This hosting for round-the-clock operation of automated systems was developed for online traders and placed on Equinix NY4. Using fiber optic connection with Valutrades servers, Beeks guarantees low delays, high security and uninterrupted connection.
Advantages:
In order to ensure safety of client funds, the company holds them on segregated accounts, including in the accounts at Barclays and Lloyds.
Negative balance protection.
Tight spreads (from 0 pips) on the ECN account.
MAM accounts are available to managers.
Analytics, educational materials, and exclusive technical analysis indicators are provided for free.
User Satisfaction