Valutrades Review 2023
- Daytrading Review Team
Valutrades will suit active forex day traders thanks to its competitive ECN pricing and no-restriction trading. The spreads from 0.0 pips rival some of the best brokers we have reviewed. However, the selection of non-forex assets and market research do not rival many alternatives.
Valutrades is an FCA-regulated broker offering ultra-low latency forex, index and commodity CFD trading with ECN pricing from 0 pips. Traders can choose between the MetaTrader 4 and MetaTrader 5 platforms and benefit from a range of blogs, webinars and calculators.
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Trade 80+ major, minor and exotic forex pairs on true ECN accounts with spreads from zero, low commissions and deep liquidity from tier-one providers. The breadth of currencies and competitive pricing makes the broker a good pick for forex traders.
Speculate on stock market movements via CFDs on indices covering major global markets, including S&P 500 and FTSE 100. On the downside, there is no direct stock trading or share dealing which can be found at many alternatives.
Trade CFDs on forex, indices and commodities with leverage up to the FCA-sanctioned maximum of 1:30. The MetaTrader platforms will also serve technical traders and automated day trading strategies.
- Excellent pricing from zero pips and lightning-fast execution
- No minimum deposit will appeal to traders on a budget
- Strong selection of forex pairs with over 80 assets
- VPS available for active, high-volume traders
- MetaTrader 4 and MetaTrader 5 integration
- Variety of fast and free funding methods
- FCA-regulated and reputable brand
- Narrow range of non-forex assets especially commodities
- Only one account type restricts flexibility
- Subpar market research and analyst insights
- Outdated website and interface
- No direct stock trading
Valutrades.com is a UK-based forex broker offering multi-asset trading on the MT4 and MT5 platforms. Continue reading for a review of spreads, leverage, and minimum deposits. Find out whether you should start trading with Valutrades.
Valutrades Company Overview
Valutrades Limited was established in 2012. As well as its London headquarters, the broker has a registered office in Seychelles.
Valutrades is regulated by the Financial Conduct Authority (FCA) in the United Kingdom and the Financial Services Authority (FSA) in Seychelles.
The company offers online trading in forex, commodities, and index CFDs to thousands of clients from over 70 countries. The core team, including CEO Graeme Watkins and Advisor Gavin Foster, are based in London.
Valutrades offers the award-winning platform – MetaTrader 4, suitable for both beginners and expert traders. With MT4, traders can analyse markets and price dynamics using a host of advanced tools and algorithmic trading strategies.
- 30 built-in technical indicators & 24 graphical objects
- 9 time-frames, from one minute to one month
- Multiple order types and execution modes
- Automated investing Expert Advisors (EAs)
- Real-time pricing in Market Watch
- Historical market data
- One-click trading
- 3 types of charts
MT4 is compatible with Windows 7 operating systems and above and is available to download directly from the broker’s website.
As the successor to MT4, the MT5 platform offers a powerful, all-in-one trading experience with a host of advanced features. Traders can open over 100 charts simultaneously for seamless market forecasting on top of other tools, including:
- 38 technical indicators, 44 graphical objects, & unlimited charts
- 21 time-frames with additional minute and hour charts
- Access to Expert Advisors (EAs)
- Historical price data
- Economic calendar
- One-click trading
- Market Depth
MT5 can be downloaded from the ‘Platforms’ page on the broker’s website.
The MetaTrader platforms are also available in web-based versions, meaning users have easy access to trades without needing to download any applications. WebTrader offers access to all the same features as the desktop platform, including three types of charts; bars, candlesticks, and lines, as well as a variety of indicators and graphical objects for advanced analysis.
WebTrader is compatible with all major internet browsers and can be accessed from the broker’s website.
FIX 4.4 API uses the Fix Protocol method of trading which allows clients to trade directly on Valutrades’ ECN matching engine. Users are given direct market access to forex, CFDs, and commodities. Fix Protocol is suitable for anyone with API knowledge.
Traders will need to contact customer support and submit their email address to set up their FIX API account.
Valutrades offers trading across three main markets:
- Forex – Trade over 80 majors, minors, and exotics, including EUR/USD, USD/JPY, and GBP/EUR
- Commodities – Trade on precious metals and oils, such as gold and crude oil
- Index CFDs – Trade on global indices such as the FTSE 100 and S&P 500
Spreads & Commission
Spreads at Valutrades are competitive, starting from 0.2 pips for major pairs such as the EUR/USD. Typical crude oil spreads are around 0.018 and for the FTSE 100, spreads are approximately 0.7.
A forex commission is charged at $3 per side with the standard ECN account. Details of other charges such as swaps, dividends, rollovers, end of day rates, and margin rates, can all be found on the ‘Trading Products’ page of the broker’s website.
At Valutrades UK, leverage is offered at a maximum of 1:30. The 1:30 leverage cap is a result of European regulations that regulated brokers must follow to limit client risk exposure. At Valutrades Seychelles, the maximum leverage is 1:500.
The MT4 and MT5 mobile apps allow users to analyse market information 24 hours a day, wherever they are, with complete control over accounts. Technical analysis tools, one-click trading, and market depth are available, as well as mobile-friendly features such as live mobile chat and push notifications.
The mobile apps are compatible with iOS and Android smart devices and can be downloaded from the App Store or Google Play store.
Accounts can be funded using a number of fast and fee-free payment methods. These include bank wire transfer, credit and debit cards, as well as e-wallets, such as Skrill and Neteller. There is no minimum deposit requirement, making Valuetrades an accessible option for beginners.
Bank wire transfers tend to take 3 – 5 business days while credit and debit card payments are usually credited the same day.
Withdrawals can be made via the same methods at a minimum of 50 in the chosen currency. The broker aims to process all withdrawals within 24 hours.
Valutrades offer all of their clients three free withdrawals per month, which renews on the 1st of each month. A 5% processing fee is then charged from the fourth withdrawal, however, clients can always choose to defer the fourth payment to the following month to avoid the fee.
Available on desktop, mobile, and web, the MetaTrader demo accounts offer a variety of analytical indicators, EAs, economic calendars, and more. Users can set their own limit in terms of virtual funds, but note the account will expire if not used within a month.
Deals & Bonuses
As per regulatory restrictions, Valutrades does not offer any deposit bonus deals or rebate promotions.
Valutrades Limited (UK) is licensed and regulated by the Financial Conduct Authority (FCA) with registration number 586541. Valutrades (Seychelles) Limited is authorised and regulated by the Financial Services Authority of Seychelles, with Securities Dealer License number SD028.
Under both sets of regulatory frameworks, Valutrades holds client money in segregated accounts with reputable banking institutions. Guaranteed negative balance protection is also provided. For Valutrades UK, investor protection is also provided under the Financial Services Compensation Scheme (FSCS) up to £85,000 per person.
Valutrades offers additional resources for beginners who wish to learn the basics and for experts who wish to expand their knowledge. The education centre contains training resources on economic indicators, forex trading strategies, webinars, and blogs, as well as useful tools such as an economic calendar and custom indicators for MT4.
For those who trade at least 10 lots per month, Valutrades also offers two high-performance VPS (Virtual Private Server) options.
The standard account offered at Valutrades is their ECN account. The account is designed for active traders, offering scalping opportunities, EAs, news trading, and no limits on the number of open orders.
FX commission is charged at $3 per side and there is no minimum deposit, although traders should bear in mind margin requirements.
Traders can also apply for professional status and gain access to higher leverage. Details of this are provided by the customer support team.
Trading hours for forex run from 01:00 to 23:59 UK time. For precious metals, the server opens at 01:01 and closes at 23:59 UK time. UK oil markets run from 03:00 to 00:00 and US oil markets run from 01:00 to 00:00. For indices, operating times vary and can be found on the ‘Trading Products’ page on the website.
There are several ways of getting in touch with Valutrades:
- Email – firstname.lastname@example.org
- Telephone – +44 (0) 202 3141 0888
- Online contact form – Contact Us page
- Live chat – Located in the bottom right-hand corner of the website
On testing the live chat service, responses were helpful and received quickly.
Valutrades Limited is headquartered at 51 Eastcheap, London, EC3M 1JP, United Kingdom.
Valutrades ensure client data is fully encrypted on both the trading platforms and within the client portal. The MetaTrader platforms use industry-standard Secure Sockets Layer (SSL) encryption as well as the option to enable Two-Factor Authentication (2FA) upon login. The broker is also PCI-compliant (Payment Cards Industry Data Security Standard).
Whilst non-forex products may be slightly limited, Valutrades offers low spreads and advanced trading on the MT4 and MT5 platforms. The FCA regulation also ensures a safe trading environment while the no minimum deposit makes it an accessible broker for beginners.
Valutrades accepts traders from Australia, Thailand, Canada, United Kingdom, South Africa, Singapore, Hong Kong, India, France, Germany, Norway, Sweden, Italy, Denmark, United Arab Emirates, Saudi Arabia, Kuwait, Luxembourg, Qatar and most other countries.
Traders can not use Valutrades from United States.
|Minimum Trade||0.01 Lots|
|Regulated By||FCA, FSA|
|AI / Machine Learning||No|
|Negative Balance Protection||Yes|
|Guaranteed Stop Loss||No|
CFD Trading Details
Forex Trading Details
Top 3 Alternatives to Valutrades
Compare Valutrades with the top 3 similar brokers that accept traders from your location.
IG Group – IG is an award-winning broker that has an excellent reputation globally. The brand-US offers spread betting, CFD and forex trading across a comprehensive suite of markets. IG is also multi-regulated, provides a great trading app and has 50 years experience.
Go to IG Group
Just2Trade – Just2Trade is a reliable multi-regulated broker registered with FINRA, NFA and CySEC. The company has 155,000 clients from 130 countries and stands out for its huge suite of instruments and additional features, including a social network, robo advisors and a funded trader programme.
Go to Just2Trade
Interactive Brokers – Interactive Brokers is a leading global brokerage that provides access to a comprehensive offering of stocks as well as forex, futures, metals, bonds and cryptos. The firm has over 40 years experience in the online trading industry and is heavily regulated by SEC, FCA, IIROC, and SFC. Day traders can use the proprietary Trader Workstation and can access powerful tools and data feeds as well as comprehensive educational resources.
Go to Interactive Brokers
Valutrades Comparison Table
|Valutrades||IG Group||Just2Trade||Interactive Brokers|
|Markets||Forex, CFDs, indices, commodities||CFDs, Forex, Stocks, Indices, Commodities, ETFs, Futures, Options, Crypto, Spread Betting||Stocks, ADRs, ETFs, Futures, Options, Commodities, Bonds||Forex, Stocks, Commodities, Crypto|
|Minimum Trade||0.01 Lots||0.01 Lots||0.01 Lots||$100|
|Regulators||FCA, FSA||FCA, ASIC, NFA, CFTC, DFSA, BaFin, MAS, FSCA||CySEC, NFA, FINRA, Bank of Russia||SEC, FCA, IIROC, SFC|
|Bonus||–||–||Up to $2,000 for professional accounts||–|
|Platforms||MT4, MT5||MT4, AutoChartist, TradingCentral||MT4, MT5, TradingCentral||AlgoTrader, OmniTrader, eSignal, TradingCentral|
|Leverage||1:500||1:30 (Retail), 1:250 (Pro)||1:20||1:50|
Compare Trading Instruments
Compare the markets and instruments offered by Valutrades and its competitors. Please note, some markets may only be available via CFDs or other derivatives.
|Valutrades||IG Group||Just2Trade||Interactive Brokers|
Valutrades vs Other Brokers
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|Valutrades is an FCA-regulated broker offering ultra-low latency forex, index and commodity CFD trading with ECN pricing from 0 pips. Traders can choose between the MetaTrader 4 and MetaTrader 5 platforms and benefit from a range of blogs, webinars and calculators.|
Where is Valutrades based?
Valutrades is headquartered at 51 Eastcheap, London, EC3M 1JP, United Kingdom, with an additional office in Seychelles.
What leverage is offered at Valutrades?
At Valutrades UK, leverage is offered up to 1:30 and at Valutrades Seychelles, leverage is offered up to 1:500.
How can I open a Valutrades account?
You can open either a demo account or a live account from the top right-hand corner of the website. You will need to fill in an online registration form which asks for your details, background, and initial requirements.
What is the minimum deposit at Valutrades?
There is no set minimum deposit amount at Valutrades, but bear in mind the margin requirements of the instruments that you wish to trade.
Is Valutrades regulated?
Yes, Valutrades UK is licensed by top-tier regulator, the Financial Conduct Authority (FCA). The broker is also regulated by the Financial Services Authority (FSA) in Seychelles.