This broker was not featured in our 2020 Broker Review Audit. This is because, in the past 12 months, it has failed to pass our initial screening process and is not recommended by our team of experts. As such some of the information found here may be out of date.
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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.
|Forex, CFD, commodities|
Valutrades Platforms & Account Structure
Valutrades only offers a single platform for Forex, commodities, and CFD trading, which is the highly popular MT4 trading platform. Valutrades supports multiple versions of MT4 such as the standard MT4 terminal, the Multi Account Terminal, and an MT4 Valutrades mobile trading platform designed for iOS and Android. MT4 should be sufficient for most traders, and all platforms, including the Valutrades mobile platforms, are quick and efficient in their performance. VPS servers are available as a paid alternative for account balances lower than $1000, or can be received as a free service for traders depositing more than $1000 or maintaining at least 10 lots of trading volumes per month. VPS servers offer excellent security for traders who are concerned about the safety of their account information.
The Valutrades account structure is primarily split up into three different groups, the Valu Standard, the Valu Raw, and the Valu VIP trading accounts. The Valu Standard and the Valu Raw accounts are available from a starting initial deposit of $100, which qualifies for a maximum Valutrades leverage of 1:400. The Standard account is an STP account that has no commissions and Valutrades spreads starting from 1.2 pips. On the other hand, the Raw account is similar to the ECN model where the spreads start from 0.1 pips but involves a commission of $5 per round lot. Both the accounts have largely similar trading conditions, and the maximum leverage drops down as the account equity builds up.
The VIP account is a fully institutional trading account that is available by making an initial deposit of $100,000, which offers a maximum leverage of 1:100. The spreads are also on the smaller side, with the average spread hovering around 0.8 pips. There are no commissions on trades, and every VIP account gets access to the VPS server along with dedicated account manager and other VIP account benefits.
Valutrades allows their traders to make deposits and withdrawals using online payment methods such as Skrill or Neteller. Clients can also make payments using their credit cards or bank transfers, and all deposits, except bank transfers, will be processed within a day. Withdrawals do take some time; however, the broker is known to honor all withdrawals in a timely fashion.
Are There Any Valutrades Slippages Or Re-Quotes?
Valutrades accounts are not entirely free from any slippages or re-quotes; however, they do have some excellent server speeds that minimize the effect of slippages or re-quotes. The spreads can go high during volatile market sessions, but most traders have commented on the broker’s ability to provide tight spreads on most major currency pairs and commodities, which is a real positive for the company.
There is a Valutrades demo account option for traders that can be used to evaluate the overall performance of the platform before opening a real account. There are no significant differences between the demo account and a real account, but traders might experience trivial differences in quotes and spreads, which are expected when traders switch from a virtual account to a live trading account.
I Am Expecting A Sizeable Valutrades Bonus
Regrettably, traders do not get any incentive for opening an account. There are absolutely no Valutrades bonuses on offer, which might sound like a huge disadvantage for a large group of traders. Bonuses are usually deterrent to the overall profitability of a trader, especially if they expect to make withdrawals before the bonus conditions are satisfied. However, if you are indeed looking for a hefty bonus, you should look elsewhere.
Does Valutrades Bring Anything New To The Table?
Valutrades does not have any secret weapon in their arsenal that is guaranteed to impress the global pool of retail traders, but they don’t lack in any department either. They have merely launched a standard brokerage service that aims to offer a simplified trading environment for traders, which is something that they do well. Small traders with a small investment capital of $100 can start trading using a maximum leverage of 1:400, which although risky, can offer an excellent trading opportunity for the disciplined trader.
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