Valutrades পর্যালোচনা

On-line since: 2013
Country of origin: England
Regulation: FCA
Payment options: bank wire, credit cards, electronic payment systems
Minimum account size: $50
Minimum lot size: 0.01 lot
Leverage: up to 1:500
Spreads: fixed, variable from 0.1 pip

About the company:

The London-based broker offers trading currency pairs, CFDs, and commodities (gold, oil, and silver) through the famous MetaTrader 4 platform.

Company. Security of funds

Valutrades (formerly known as Monex Capital) is a subsidiary of the Indonesian Monex Investindo Futures broker, operating under the license of the Indonesian Futures Trading Regulatory Agency (BAPPEBTI).

Valutrades Ltd. company, engaged in business as Valutrades, is authorized and regulated by the FCA (number 586541).

All companies regulated by the FCA are required to comply with certain requirements. Valutrades is no exception and satisfies them. So, customer deposits are kept in segregated accounts. Also, according to the FCA rules, companies must have at least 730 000 euros on their accounts in order to prove their financial stability. In most jurisdictions, regulatory authorities establish similar requirements for the minimum capital of financial service providers.

In the event of the company’s bankruptcy, Valutrades' customers have the right to receive their money in the Investor Compensation Fund.

Trading conditions

Customers of Valutrades can open one of two account types: Standard and ECN.

An ECN account is perfect for a professional trader. It makes it possible to apply all trading strategies: scalping, hedging, news trading, and advisors.

The Standard account is an account that simplifies the work for beginners and those who use long-term strategies. Commissions are included in the spread.

Both accounts offer free VPS hosting with ultra-low latency and excellent execution. In the company, there are more than 80 trading instruments.

Minimum initial deposit

To open an account in Valutrade, traders are required to deposit at least $50.

Spreads and commissions

Valutrades spreads average 1.5 pips on EUR/USD on the Standard account. If you decide to trade on the ECN account, your average spread will be 0.2 pip on EUR/USD, but you still need to pay a commission of $3 per lot. When trading CFDs on the ECN account, the commission will be $0.30.

Leverage

The maximum leverage in Valutrades amounts to 1:500. This is a very advantageous offer among many brokers. The key advantage is that traders can start trading with minimal capital and multiply it with the help of a leverage at the earliest time possible. However, you should remember that a leverage increases the amount of a loss. So, we advise you to study the theory of using a leverage before you start real trading.

Trading platforms

Valutrades provides its customers with the most popular MetaTrader4 trading platform (MT4), its desktop and mobile versions.

MT4 is perfect for traders with different experiences and different trading strategies. The platform offers a wide range of functions (50 built-in indicators, an extended graphic package) that help traders to make a detailed analysis of the financial markets, place orders, manage positions, and run automated trading systems, for example, advisors.

Besides, the company offers its clients to trade through Metatrader MultiTerminal (MetaFX MAM), a trading platform for simultaneous management of multiple accounts.

Training

The broker offers training through webinars, educational articles, and videos about Forex on the site. In addition, premium status customers can take advantage of indicators and receive daily technical analysis that helps plan trading in the market.

Support service

The support service is available by live chat, phone, and email. All training materials and information on the site is presented in English. English-speaking specialists are always ready to help.

Payment methods

In order to replenish your trading account and withdraw funds, you can use credit/debit cards (Visa, MatsterCard), bank transfer, online payment systems such as Skrill, Neteller, and Qiwi.

PayPal is the only way to pay through an electronic wallet.

Advantages:

• regulated broker;
• MT4;
• demo account.

Disadvantages:

• no Islamic accounts.