BASIC INFORMATION:
Valutrades.com is a UK-based forex broker offering multi-asset trading on the MT4 and MT5 platforms. 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
REGULATORY INFROMATION: LICENSE
Valutrades Limited (UK) is licensed and regulated by the Financial Conduct Authority (FCA) with registration number 586541
MARKET
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 brokers website.
LEVERAGE
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.
ACCOUNT TYPES
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.
DEPOSITS & WITHDRAWALS
Deposits
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
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.
DEMO ACCOUNT
Available on desktop, mobile, and web, the MetaTrader demo accounts offer a variety of analytical indicators, EAs, economic calendars, and more.
TRADING PLATFORMS
· Meta Trader 4
· Meta Trader 5
· MetaTrader WebTrader
· FIX API
TRADING HOURS
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.
CUSTOMER SUPPORT
There are several ways of getting in touch with Valutrades:
· Email – sales@valutrades.com
· Telephone – +44 (0) 202 3141 0888
· Online contact form – Contact Us page
· Live chat
ACCEPTED COUNTRIES
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 cannot use Valutrades from United States
