The Valutrades was founded in 2013. Registration number is 07939901 (Wales, UK). The central office is located in the same region. The company provides access to STP (pass-through account processing) accounts, which does not imply access to international financial markets. All applications for orders processed on servers of the dealing center. Separately, it is open access to the ECN-accounts.
At the same time, the Valutrades team ensures maximum conditions for providing stable trading.
- Availability of regulator – yes, FCA
- Company Headquarters Address – 1 Primrose Street, London
- Link to the official website http://www.valutrades.com
- Account Type – STR
- Year of foundation – 2013
The minimum deposit at Valutrades is only $ 50.
With this broker, you will be able to open transactions on more than 40 currency pairs, 50 CFDs and dozens of bonds and indices. In the reviews, existing customers write that there is no difficulty using different trading strategies. Scalping, hedging and martingale methods are allowed.
There are several types of trading accounts available to users:
- Premium VIP
- ECN account
The standard trading account is characterized by loyal trading conditions. For example, there are no commission fees for processing orders. The minimum lot is 0.01 points. Spreads are charged in the amount of 1 pip. An account is opened in any currency of your choice: EUR / GBP / USD.
An ECN type of account is different in that when processing orders, a spread is not charged, but a commission of $ 3 per transaction is charged in full (commission for withdrawing the transaction to the interbank market). Therefore, this format of trading is suitable mainly for experienced traders.
For all types of accounts available leverage of up to 1: 500.
Description of trading platforms available to customers of the Valutrades
The standard program for trading with this broker is the universal Metatrader 4. This platform has been tested for years, has a positive reputation, is distinguished by high speed and support of numerous technical analysis tools. All requests are processed through the broker’s account on Equinix NY4 servers. The mentioned MT4 platform is presented for Mac computers and on Windows. Also, the mobile app of the same name is available.
Alternatively, you can use a web trader. Such a terminal opens directly in the browser, which simplifies its use. Additionally, the broker supports the MetaFX system for managing multiple accounts.
Description of the partner program of the Valutrades
The affiliate program of this company involves the use of banners and links placed on the websites of a potential partner. If you have your resources, you can register on the site and get banners of various sizes and content. For each transition and direct registration through a banner, commission bonuses are accrued. You can display them immediately through your account.
Analytics tools and training materials
The presence of a minimum amount of materials for analytics and forecasting can be considered to be a significant disadvantage. In this section, there is access exclusively to the economic calendar and to the table of quotations (in real time). Neither training materials nor technical analysis section is available.
Instead, you can subscribe to the distribution of useful material by e-mail. But not all material languages are supported, which may cause additional difficulties. As an alternative, customers are offered access to a specific trading strategy, which is selected individually. To do this, it is proposed to leave a request on the site and specify your country, and the manager will contact the applicant and specify the details.
Advantages and disadvantages of the Valutrades
The broker has some features that need to be considered when choosing. Firstly, the trading conditions are quite conservative. For example, an Islamic account type is not provided to customers. And for the transfer of events additional swap may be charged. Investment programs are also not available to users. For example, PAMM-investing or automatic copying of transactions. Such an approach means that only those who are accustomed to classic trading will be comfortable with the company.
Of the advantages, we can distinguish the presence of a regulator, loyal trading conditions.
The company has a license of only one regulator. Because of this, the company has difficulties with the provision of services in some countries. For example, US citizens cannot open an account with a company. But, according to published data, each deposit is insured for an amount of more than 80 thousand pounds.