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Valutrades, based in the UK, offers a comprehensive trading experience. Like other Forex brokers, they offer currency pairs, commodities, indices, and CFDs. Established in 2012, they’ve made strides in becoming a real contender in a global Forex market with a significant social media presence and established. However, they lack the hardware, having only once been nominated for an award in 2022 for the “Best Retail FX Broker.”
Valutrades owns two regulatory licenses. The first of the two is regulated by the UK’s Financial Conduct Authority (FCA), while the other Financial Services Authority of Seychelles controls the other.
Potential clients may find Valutrades licensing underwhelming when compared to other top brokers. However, the regulatory oversight they’ve gained is adequate to offer services in hundreds of countries. Regardless, if you’re from a country like Indonesia or Pakistan, two fast-growing Forex markets, you may be out of luck. There are limitations in several other less prominent Forex countries, too.
Countries of presence
Valutrades operates in 182 countries.
Both MetaTrader 4 (MT4) platform and its successor, the MetaTrader 5 (MT5), are available using Valutrades. This Forex broker also boasts a mobile app for trading on the go. Clients can also enhance their trading skills through their demo account option.
The highly customizable platforms provide a solid competitive advantage for potential clients seeking a tailored experience. Notably, the broker also allows high-frequency trading (HFT), scalping, robots, and more that cater to seasoned investors.
Valutrades provides two types of accounts: Original Account and ECN Account.
The ECN account is designed for the active trader in mind and offers some of the lowest spreads available. This account is ideal for active traders, EA’s, Scalping and news trading.
By offering over 100 Forex pairs on top of commodities, indices, and CFDs, Valutrades positions itself well in the Forex market. However, niche traders seeking to engage in crypto trading will be disappointed to learn that Valutrades does not offer cryptocurrencies within its range of products. Nonetheless, clients focused on more traditional products can still diversify their portfolio without a sweat.
Boasting some of the leading spreads in the Forex market, Valutrades sets the bar high. The broker offers tight spreads when considering the most popular Forex pairs, such as EURUSD. However, spreads are only one aspect that goes into trading conditions.
Valutrades uses several tier 1 liquidity providers that help ensure minimal slippage between the bid and ask price. Further, clients have cited lightning-quick order execution. However, capping the maximum leverage to 1:500 is what prevents this broker from receiving a perfect score here, considering the most prominent brokers provide 1:1000 leverage.
Deposit and Withdrawals
Valutrades offers a variety of suitable deposit and withdrawal methods, including bank wire transfers, credit/debit cards, and popular e-wallets such as Skrill and Neteller. The broker also offers fast withdrawal processing times, ensuring clients’ timely access to funds. Most importantly, there is no minimum deposit requirement.
Where Valutrades sets itself apart from other brokers is its excellent customer service, which is available 24/5. In addition, the customer service team can be contacted via phone, email, and live chat. There is even an option to leave your email to receive a response when it’s most convenient, enabling clients to save time.
Valutrades offers a market leading affiliate program open to everyone with high rebates and absolutely no disadvantages to clients introduced by an affiliate.
Here are the main reasons to become an affiliate:
- Withdraw rebates at any time with no restrictions
- 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
With webinars, trading guides, and market analysis, Valutrades is on par with most other brokers but does not separate from the pack. While the resources go a long way toward benefiting new traders, they still need daily technical analysis. As a result, clients will generally have to look elsewhere to get information on everyday trading signals. However, their video tools provide a good foundation for new traders.