This Valutrades review conducted in South Africa shows that according to research Valutrades is a leading online brokerage firm. It consists of Valutrades UK as well as Valutrades Seychelles.
The company specializes in index CFDs, foreign exchange (Forex) and Commodities. The company is headquartered in London, the United Kingdom, and offers its services across six continents in more than 70 countries.
Valutrades has a rich history of progressiveness. It was founded in 2012 as Monex Capital Markets. During 2013 the company obtained Financial Conduct Authority (FCA) regulated status. In 2014 it is renamed Valutrades.
Min Deposit USD 50 Regulators FCA Trading Platform MT4, MT5, FIX API Crypto Yes Total Pairs 0 Islamic Account Yes Trading Fees Low Account Activation 24 Hours
The company launched its own MetaTrader 4 server in 2014 with EUR, USD and GBP deposit currencies. In 2016 it starts offering Negative Balance Protection to all customers.
During 2017 the company expanded into South America and Asia. Soon after the expansion, it adds AUD, JPY, ZAR, CHF and NZD deposit currencies to its portfolio.
Valutrades launched the MetaTrader 5 platform in 2018 and incorporated Valutrades Seychelles. The company received Full-scope IFPRU €730k firm status from the FCA the same year and fully complied with ESMA rules and regulations.
It launched CAD, NOK, HKD, SGD and SEK deposit currencies and a year later Valutrades Seychelles obtained FSA regulation.
SAFE OR SCAM?
Valutrades is authorized and regulated by the Financial Conduct Authority in the United Kingdom with a financial services register number 586541. The company is dedicated to protecting the funds of its customers and adheres to the FCA’s regulatory regime.
This means that the FCA demands strict controls and systems regarding customer funds, capital adequacy and conduct of business.
All funds are kept in isolated, secure accounts in reliable, top-tier banks in the European Economic Area (EEA). Customer funds are fully segregated from the company’s own funds in line with applicable customer fund regulations.
In the unlikely event of the company failing to meet its financial obligations, customers may be entitled to compensation from the Financial Services Compensation Scheme.
All of the above information can assure customers that Valutrades is authorised to offer its services and is a safe bet for potential traders.
VALUTRADES REVIEW OF PRO AND CONS
| PROS | CONS |
| 1. International presence | 1. No apparent deposit and withdrawal information available on the website, check with the help center |
| 2. Support in multiple languages | 2. No apparent information on fees and commissions, go to the help center or Live Chat |
| 3. Spreads from 0 pips | 3. Only the ECN account available |
| 4. Millisecond execution | |
| 5. Segregation of customer funds | |
| 6. Compensation from the Financial Services Compensation Scheme | |
| 7. Quick response with Live Chat | |
| 8. Negative balance protection | |
LEVERAGE
Due to European Securities and Markets Authority (ESMA) regulations, the maximum leverage Valutrades offers retail customers is 1:30.
A higher leverage of 500:1 for elective professionals is available. To qualify as a professional, the company’s criteria must be met with regards to the customer’s experience level, trading activity and portfolio.
ACCOUNTS
With Valutrades, customers can open an ECN Trading Account. It offers great trading conditions for both novice and seasoned traders.
Features of the ECN Trading Account includes:
- Account Currencies: AUD / CHF / EUR / GBP / JPY / USD / ZAR / NZD
- Millisecond execution
- Forex Commission: $3 (per side)
- All trading strategies allowed
- 80+ Symbols on forex, CFDs and commodities
- Scalping allowed
- Expert advisors
- News trading allowed
- No limits on the number of open orders
- No limits on orders distance from market prices
- Free VPS for low latency trading
Customers can trade securely through a Virtual Private Server (VPS).
A VPS enables customers to operate as an Expert Advisor (EA) and grants access to the company’s trading platforms 24 hours, 7 days a week. No need to worry about an internet connection or experiencing downtime or latency problems.
To enhance a positive trading experience, live account holders can easily qualify for one of two high performance VPS options.
Beeks Financial Cloud
This VPS is designed for online traders and is hosted through Equinix NY4 and guarantees top of the range security, low latency and a smooth connectivity using a fibre optic connection to the company’s servers.
Specifications:
- Ram: 1.3 GB
- Disk: 25 GB
- VCPU: 1
Commercial Network Services
This VPS specializes in a number of market instruments such as commodities, forex, equities, stocks and derivatives trading. It guarantees 100% up time, fast trading execution speeds as well as unlimited MetaTrader 4 instances.
Customers can connect from anywhere using servers in Equinix NY4 and fiber optic connections to the company’s servers.
Specifications:
- Ram: 1024MB
- Disk: 35GB
- VCPU: 12
Free Beeks or CNS VPS’s are offered to live customers that have one or more funded accounts and trade a minimum of 10 lots per month.
Min Deposit USD 50 Regulators FCA Trading Platform MT4, MT5, FIX API Crypto Yes Total Pairs 0 Islamic Account Yes Trading Fees Low Account Activation 24 Hours
MARKET INSTRUMENTS
Valutrades provides a range of market instruments to ensure a variety that will suit every customer’s trading style. Detailed live quotes are provided regarding currencies, indices and commodities. This information includes symbols, bids, asks and spreads.
FEES
Valutrades is transparent regarding fees and commissions charged.
ECN Account:
- Spreads start from 0 PIPs
- Commission charges on an ECN account is 6 USD per lot traded (round turn)
DEPOSIT AND WITHDRAWAL
Valutrades does not charge customers any deposit fees, the amount deposited will be credited directly to the customer’s trading account. This applies for all methods of funding.
Every customer is entitled to three free withdrawals each month per profile, which is renewed on the first day of every month. A 5% fee will be charged from the fourth withdrawal.
Bank wires
- Bank Wire Transfer
Credit / debit cards
- Mastercard
- Visa
E-wallets
- Neteller
- Skrill
Local deposits
- China Union Pay
- Advanced Corretora
- Boleto
- Remessa
TRADING PLATFORMS
Valutrades offers flexible and popular trading platform choices that allow customers to trade CFDs, forex and commodities with confidence via a number of devices.
MetaTrader 4
The MetaTrader 4 platform is an award-winning and globally recognized terminal. Both beginner and experienced traders choose this platform for its benefits.
Features and advantages:
- User-friendly
- Extensive range of trading resources.
- Detailed analytics and trading technologies
- One-click trading
- Available on Windows, mobile and Webtrader
MetaTrader 5
The MetaTrader 5 is the successor to the MetaTrader 4. This high performance, power-driven platform allows total flexibility and a range of extra benefits.
Features and advantages:
- Multi-asset trading
- All-in-one trading experience
- Available on Windows and mobile
- Multiple timeframes, charts and built-in indicators
- Trading history information
FIX API
The FIX API platform is an open, active and streamlined trading platform. With Fix Protocol, customers have total control.
Features and advantages:
- Reduced costs and improve trading efficiency
- Trade directly to Valutrade’s ECN matching engine using FIX 4.4 API (unprecedented access to direct market)
- Applicable for any assets (including forex, cryptocurrencies, CFDs and commodities)
- Advanced trading options for customers with API knowledge
Other platforms the company offers are oneZero Financial Systems and Currenex.
oneZero Financial Systems provides hedge funds, banks and brokerages with exceptional trade routing and execution technology. This platform features reliable IT infrastructure and technical support, low-latency and integrations to leading execution venues.
Currenex is a market-leading technology provider. It offers forex traders a high-performance technology experience, great execution and liquidity.
HOW TO OPEN AN ACCOUNT
The Valutrades review is simple and easy.
Interested traders can follow the company’s online process by providing the necessary information to open an account.
The company also offers an option to open a free demo account for potential traders who would like to gain the necessary knowledge in a risk-free environment and to experiment with different trading conditions and platforms.
Min Deposit USD 50 Regulators FCA Trading Platform MT4, MT5, FIX API Crypto Yes Total Pairs 0 Islamic Account Yes Trading Fees Low Account Activation 24 Hours
CUSTOMER SUPPORT
Valutrades is committed to continuously upgrading its user experience to ensure the needs of each customer are met, regardless of their location or experience level.
The company offers live support with professionals, online and mobile chat options in multiple languages, 24 hours a day, 5 days a week. One of its primary missions is to deliver fair and appropriate measures to see to every customer’s demands.
Valutrades is also available on social media platforms such as Twitter, Instagram and Facebook.
Customers have a chance to become an affiliate of Valutrades. The company’s market leading affiliate program offers high rebates and no disadvantages.
Benefits of the Affiliate Program include:
- No restrictions on the withdrawal of rebates
- View rebate reports in real-time as trades are closed
- Transparent view of all registered demo and live accounts
- Affiliate Area with exportable reports
- Access to marketing material including over 100 banners
- Unlimited levels of sub affiliates all fully automated
- Signing up is as easy as opening a live account
- Market leading rebates
Valutrades makes use of the MetaFX MAM software.
Features include:
- Multiple allocation types like by equity, balance, percentage or lot
- Accounts can be added and removed in realtime – no need to close positions
- No restrictions on the change of allocations
- Commission and profit share settings available
- Executing trades can be as simple as using the regular MetaTrader 4 platform
- No trading style restrictions
- Realtime allocations and reporting on all allocations
- MetaFX MAM Manager platform is available to all money managers
EDUCATION
Valutrades offers educational tools such as FAQs, webinars, videos, guides, tips on learning how to trade, forex trading strategies as well as a detailed forex glossary. These are great tools for traders in need of guidance and overall trading advice.
Blogs regarding trading strategies and products are also a great way for customers to gain information and experience.
Popular blog topics include tips on how to get started in forex trading, how to hedge a trade and maximise funds, understanding the Consumer Price Index (CPI), forex pattern recognition software as well as secrets of trading with forex.
Educational tools also give access to information such as misconceptions, forex fundamentals and important updates.
RESEARCH
Valutrades provides a selection of research tools to help customers become a more informed trader and make the right decision regarding their trading choices.
Some of these include market sentiment, live quotes and charts. The company’s economic calendar provides trading information such as events and time, currencies of the specific events and forecasts.
Technical tools, such as indicators, are available across the company’s trading platforms to help identify break and support lines as well as entry and exit points. There are 7 different custom indicators on the MetaTrader 4 platform to assist with setup identification.
AWARDS
Although Valutrades offers a wide selection of assets, research and educational tools, amazing customer service and a wide variety of some of the most reliable trading platforms in the world, the company has not received any awards yet.
CONCLUSION
Valutrades offers traders of all experience levels and backgrounds trading opportunities with a reliable server, fast execution, good leverage and spreads as well as a positive customer experience in different formats.
During the years it has proven itself to be a reputable company that is committed to providing a wide selection of market instruments and popular platforms, making this broker a great choice for potential traders.
You might also like: Valutrades Account Types Overview
You might also like: Valutrades Demo Account – Step by Step
You might also like: Valutrades Fees and Spreads
You might also like: Valutrades Minimum Deposit
You might also like: Valutrades Sign up Bonus
DISCLAIMER
These products are only available to those over 18 years of age. The information on this site is not directed at residents or nationals of the United States and is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 60% of retail investor accounts lose money when trading CFDs with this provider.
You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money, According to research in South Africa.
Top 4 Brokers
