Valutrades set up shop in the UK during 2013 and is one of the newest FX brokers that offers specialized services to traders indulging in both retail as well as institutional Forex trading. Since the broker has its presence in the UK, all aspects of Valutrades regulation are carried out under the Financial Conduct Authority’s regulatory framework. FCA regulation also ensures that Valutrades clients are protected under the FSCS scheme, which guarantees insurance against all types of broker insolvency issues that affect a majority of traders.
Valutrades keeps all client funds in segregated bank accounts away from their own money. FCA stipulates regular third party auditing of all member firms, and brokers should always keep updated records to ensure that there is transparency in how client funds are kept secure against financial malpractice. To avoid any regulatory issues, Valutrades keeps their traders’ funds in Barclays, which is a highly reliable and popular bank in the UK.