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/10
The WikiFX Score of this broker is reduced because of too many complaints!

Valutrades

United Kingdom|10-15 years| Benchmark AA|
Regulated in United Kingdom|Market Making(MM)|MT4/5 full license|High potential risk|Offshore Regulatory|

http://www.valutrades.com/

Website

Rating Index

Benchmark

Benchmark

AA

Average transaction speed (ms)

403.8 Good

MT4/5

Full License

Valutrades-Demo

United States
MT4
2

Influence

B

Influence index NO.1

Brazil 4.83
The WikiFX Score of this broker is reduced because of too many complaints!

Benchmark

Speed:AA

Slippage:AAA

Cost:AAA

Disconnected:AA

Rollover:B

MT4/5 Identification

MT4/5 Identification

Full License

2
Server Name
Valutrades-Demo MT4
Server Location United States

Influence

Influence

B

Influence index NO.1

Brazil 4.83

Surpassed 24.29% brokers

Biz AreaSearch StatisticsAdvertisingSocial Media Index

Contact

+44 (0) 20 3141 0888
support@valutrades.com
http://www.valutrades.com/
51 Eastcheap, London, EC3M 1JP, United Kingdom

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

Open Now

Disclosure

Danger

ID BAPPEBTI
2022-02-02
Ministry of Trade Blocks 1,222 Illegal Commodity Futures Trading Websites
Valutrades
Proton Markets
RCPro

Contact number

English

+44 (0) 20 3141 0888

Broker Information

More

Check whenever you want

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WikiFX Risk Alerts 2
Previous Detection : 2024-03-28
  • The number of the complaints received by WikiFX have reached 32 for this broker in the past 3 months. Please be aware of the risk and the potential scam!
  • The Seychelles FSA regulation with license number: SD028 is an offshore regulation. Please be aware of the risk!

WikiFX Verification

Valutrades · Benchmark
Average transaction speed(ms)
403.8 Good
The highest transaction speed(ms)
320 Poor
The highest speed of opening positions(ms)
326
The highest speed of closing position(ms)
320
The lowest speed of opening positions(ms)
704 Great
The lowest speed of closing position(ms)
717 Great
Ranking: 41 / 133
Test user 215
Orders 1,204
Ocuppied margin $257,663 USD
Data Source WikiFX Data provide
Updated: 2024-03-27 01:03:SS

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Expose

    Total Margin Trend

    • VPS Region
    • User
    • Products
    • Closing time
    • BeiJing
    • 743***
    • GBPAUD
    • 03-28 13:49:46
    • Tokyo
    • 456***
    • XAUUSD
    • 03-28 13:50:46
    • Hongkong
    • 379***
    • EURUSD
    • 03-28 13:14:48

    Stop Out

    0.76%

    Stop Out Symbol Distribution

    6 months

    Sources

    Valutrades · Company Summary

    Risk Warning

    Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.

    General Information

    Valutrades Review Summary in 10 Points
    Founded 2012
    Registered Country/Region United Kingdom
    Regulation FCA
    Market Instruments Forex, CFDs, commodities
    Demo Account Available
    Leverage 1:500
    EUR/USD Spread From 0.0 pips
    Trading Platforms MT4, MT5
    Minimum deposit $0
    Customer Support Live chat, phone, email

    What is Valutrades?

    Valutrades is a global online forex and CFD broker that offers trading services for individuals and institutions. The company was established in 2012 and is headquartered in London, UK. Valutrades is regulated by the Financial Conduct Authority (FCA, License No. 586541) in the UK and the Financial Services Authority (offshore FSA, License No. SD028) in Seychelles. The broker offers multiple trading instruments, including Forex, Commodities, and CFDs with competitive spreads through the MetaTrader 4 (MT4) and MetaTrader 5 (MT5) trading platforms.

    Valutrades home page

    In the following article, we will analyze the characteristics of this broker from various aspects, providing you with simple and organized information. If you are interested, please read on. At the end of the article, we will also briefly make a conclusion so that you can understand the broker's characteristics at a glance.

    Pros & Cons

    Valutrades is regulated by FCA and offer multiple protection measures. The broker offers competitive spreads on a wide range of tradable instruments on the leading MT4 and MT5 trading platforms, along with excellent customer support.

    However, they have limited account options, and some users have reported issues with slippage and withdrawals. Overall, Valutrades is a reputable broker with many positive features, but traders should exercise caution and thoroughly research before investing.

    Pros Cons
    • FCA-regulated • Offshore FSA license
    • Multiple protection measures for client funds • Clients from US, Blegium, Iran and the Democratic Peoples Republic of Korea are not accepted
    • No minimum deposit requirement • Some reports of slippage and withdrawal issues
    • Free demo accounts available • Limited range of trading assets
    • Both MT4 & MT5 supported • Limited educational resources
    • Various payment methods supported • No cryptocurrency trading
    • Multilingual customer support available

    Valutrades Alternative Brokers

      There are many alternative brokers to Valutrades depending on the specific needs and preferences of the trader. Some popular options include:

      • AxiCorp - a regulated and well-established broker that offers a range of trading instruments and competitive trading conditions.

      • IronFX - a global broker with a wide range of trading instruments and multiple trading platforms, but some traders have reported issues with withdrawal and customer service.

      • FP Markets - a reputable broker that offers a variety of trading instruments, low spreads, and reliable trading platforms, making it a good option for both novice and experienced traders.

    Ultimately, the best broker for an individual trader will depend on their specific trading style, preferences, and needs.

    Is Valutrades Safe or Scam?

    Protection Measure Detail
    Regulation • FCA
    Guaranteed Negative Balance • Yes
    Banking with Top Tier Institutions • Barclays and Lloyds Banks
    Segregated Funds • Yes
    Investor protection • £85,000 per person
    Fully Encrypted Client Area • PCI Complaint

    More details can be found in the screenshot below:

    protection measures

    Our Conclusion on Valutrades Reliability:

    Based on the protection measures offered, Valutrades appears to be a reliable broker. The company is regulated by the FCA, and it offers guaranteed negative balance protection, banking with top tier institutions, segregated funds, and investor protection up to £85,000 per person. The fully encrypted client area also provides an additional layer of security for clients.

    However, as with any investment, there is always some level of risk involved, and it is important for traders to do their own research and carefully consider their options before investing.

    Market Instruments

    Valutrades offers investors access to a variety of over 100 tradable symbols across Forex, commodities, and CFDs. The forex instruments include major, minor, and exotic currency pairs. Commodities such as gold, silver, oil, and natural gas are available for trading. Additionally, the broker offers CFDs on popular indices such as UK100, US30, and GER30. With such a wide range of trading instruments, traders can diversify their trading portfolios and take advantage of different market conditions.

    Market Instruments

    Accounts

    Live accounts: Valutrades provides traders with the option to choose from two types of live accounts, Standard and ECN, with no minimum deposit requirement.

    Demo accounts: The MetaTrader demo accounts offer a variety of analytical indicators, EA, Economic calendars, and more. Users can set their own limit in terms of virtual funds, but note the account will expire if not used within a month.

    Account Types

    Leverage

    Valutrades offers multiple leverage levels. The maximum leverage is 1:30 for major Forex, 1:20 for minor currencies, indices, and gold, and 1:10 for crude oil under the regulation of FCA, and 1:500 for crude oil, 1:20 for indices, and 1:100 for indices.

    Spreads & Commissions

      • Main spreads on Forex: minimum spreads of 0.0 pips on EUR/USD and 0.2 pips on GBPUSD.

      • Major spreads for CFD products: 2 pips for DE30, 2 pips for UK100, 0.34 pips for US500, and 1.3 pips for US30.

      • Main spreads for commodities: from 0.14 pips for Gold USD, 0.32 pips for Gold EUR, 0.013 pips for Silver USD.

    However, traders should note that there is a commission of 3 per lot per side for forex trading.

    Below is a comparison table about spreads and commissions charged by different brokers:

    Broker EUR/USD Spread Commission (per lot per side)
    Valutrades From 0.0 pips $3
    AxiCorp From 0.0 pips $7
    IronFX From 0.1 pips $13
    FP Markets From 0.0 pips $6

    Please note that these figures are subject to change and may vary depending on the specific account type and trading conditions offered by each broker. It's always important to review and compare the spreads and fees of different brokers before making a decision on which one to use.

    Trading Platforms

      Valutrades offers users a choice of two popular trading platforms, MetaTrader 4 (MT4) and MetaTrader 5 (MT5), which are available on desktop, mobile and web versions. Both platforms provide advanced charting tools, customizable technical indicators, and a user-friendly interface.

      • MT4 is widely recognized as one of the most popular trading platforms in the industry and offers a wide range of features including automated trading, multiple order types, and a comprehensive trading history.

    MT4
    • MT5, on the other hand, is an updated version of MT4, providing more advanced features, including additional order types, a wider range of technical indicators, and the ability to trade in various markets from one platform. Both platforms are highly customizable, and traders can also use Expert Advisors (EAs) to automate their trading strategies.

    MT5

    Overall, Valutrades' trading platforms are well-designed, user-friendly, and offer a range of advanced features suitable for both beginner and experienced traders. See the trading platform comparison table below:

    Broker Trading Platforms
    Valutrades MT4, MT5
    AxiCorp MT4, MT5, cTrader, AxiOne
    IronFX MT4, MT5, Iron Trader, PMAM
    FP Markets MT4, MT5, IRESS, WebTrader

    Deposits & Withdrawals

    Valutrades supports credit/debit cards, Skrill, Neteller, bank transfers, etc. There is no minimum deposit for clients to fund via bank transfer or any charges from Valutrades.

    Valutrades minimum deposit vs other brokers

    Valutrades Most other
    Minimum Deposit $0 $100

    However, sometimes a client may incur fees from their bank for sending a deposit to Valutrades. Most deposits are instant, while withdrawals can be processed within 24 hours or as soon as Valutrades approves your request. More details can be found on their website.

    Payment Options1
    Payment Options2
    Payment Options3

    See the fee comparison table below:

    Broker Deposit Fee Withdrawal Fee
    Valutrades No fees No fees
    AxiCorp No fees No fees for bank transfers, $20 for cards
    IronFX No fees $50 for bank transfers, $5 for other methods
    FP Markets No fees for most methods, 3.5% for cards No fees for most methods, $10 for bank transfers

    Note that fees may vary depending on the account type, payment method, and region. Please refer to each broker's website for the most up-to-date and accurate information.

    Customer Service

    Valutrades welcome any questions or queries regarding their services and accounts. Multilingual support is based in their head office which is in London, United Kingdom. They are available during office hours via live online chat, phone, WhatsApp, email, or send messages online to get in touch. Besides, you can follow them on some social networks including Twitter, Facebook, Instagram, YouTube and LinkedIn. There is also a Help Center on the Valutrades website.

    Customer Service
    Customer Service
    Help Center

    Overall, Valutrades' customer service is considered reliable and responsive, with various options available for traders to seek assistance.

    Pros Cons
    • Multilingual support • No 24/7 customer support
    • Live chat available
    • Social media presence for easy communication
    • Help center offered
    • Quick response time for inquiries

    Note: These pros and cons are subjective and may vary depending on the individual's experience with Valutrades' customer service.

    Education

    Valutrades offers an education section on their website with a variety of resources aimed at both novice and experienced traders. They offer regular webinars conducted by market experts, which cover various topics related to trading, including technical analysis, risk management, and trading psychology. Additionally, the blog section provides daily market analysis, economic news, and insights into market movements.

    blogs

    The educational materials are designed to help traders enhance their knowledge and skills, develop trading strategies, and make informed trading decisions. These resources can be accessed by anyone, regardless of their account type, and are completely free of charge.

    User Exposure on WikiFX

    On our website, you can see that some users have reported severe slippage and unable to withdraw. Please be aware and exercise caution when investing. You can check our platform for information before trading. If you find such fraudulent brokers or have been a victim of one, please let us know in the Exposure section, we would appreciate it and our team of experts will do everything possible to solve the problem for you.

    User Exposure on WikiFX

    Conclusion

    Valutrades is a UK-based brokerage firm that offers multiple protection measures to ensure the safety of its clients' funds. It provides over 100 tradable symbols across forex, commodities, and CFDs with competitive trading conditions on the MT4 and MT5 platforms. Multilingual support is also available via various channels.

    However, there are reports of severe slippage and difficulties in withdrawing funds from some users, which indicates that potential traders should exercise caution before investing. Overall, Valutrades' strong regulatory framework, diverse trading instruments, and user-friendly platforms make it a reputable brokerage firm worth considering for those looking for a reliable trading partner.

    Frequently Asked Questions (FAQs)

    Q 1: Is Valutrades regulated?
    A 1: Yes. It is regulated by Financial Conduct Authority (FCA).
    Q 2: At Valutrades, are there any regional restrictions for traders?
    A 2: Yes. The information on their site is not intended for residents of the United States, Blegium, Iran and the Democratic Peoples Republic of Korea or by any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
    Q 3: Does Valutrades offer demo accounts?
    A 3: Yes.
    Q 4: Does Valutrades offer the industry-standard MT4 & MT5?
    A 4: Yes. Both MT4 and MT5 are available.
    Q 5: What is the minimum deposit for Valutrades?
    A 5: There is no set minimum deposit amount at Valutrades, but bear in mind the margin requirement of the instruments that you wish to trade.
    Q 6: Is Valutrades a good broker for beginners?
    A 6: Yes. It is a good choice for beginners because it is regulated well and offers various trading instruments with competitive trading conditions on the leading MT4 and MT5 platforms. Also, it offers demo accounts that allow traders to practice trading without risking any real money.

    News

    Despite Increased Revenue, Valutrades Will Lose Money In 2021

    NewsDespite Increased Revenue, Valutrades Will Lose Money In 2021

    2022-09-29 20:10

    The FX and CFDs broker reported £4.41 million in annual revenue, up from £3.99 million in the previous year, as reported on Companies House. ESMA guidelines were implemented in 2018, and since then, it has witnessed a rise in revenue.

    WikiFX
    2022-09-29 20:10
    News
    Despite Increased Revenue, Valutrades Will Lose Money In 2021

    User Reviews

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    User comment

    18

    Comments

    Write a review

    AAAA201253
    more than one year
    The spread of the platform is relatively low, the transaction speed is not bad, and the industry has a good reputation. The cooperation has been going on for several years, and the commission has always been normal.
    2023-08-22 18:36
    Reply
    0
    0
    FX1246641995
    more than one year
    The valutrades website did not load after a long time, and its website showed Connection timed out. I'm guessing the company has shut down their website because I've seen so many people accusing it of being a scammer. Terrible scammer!
    2023-02-20 15:32
    1
    0
    0
    Investor_Susinna_ forex
    more than one year
    well come to my dm and come trade with a 50%withdrwal bonus
    2023-01-28 06:45
    Reply
    0
    0
    我在风花雪月里等你
    more than one year
    Deliberately sweeping and destroying the customer's warehouse. The gold spread once reached 8 US dollars, 8000 points, which is too outrageous. The key follow-up processing is speechless
    2023-01-16 22:42
    Reply
    0
    0
    w9136
    more than one year
    I like it
    2023-01-10 08:06
    Reply
    0
    0
    FX3710586052
    more than one year
    This is my experience. I have learned from my blood that earning money is not easy. Don’t invest your hard-earned money in these illegal platforms abroad. In the end, there is only one result. The most important thing is that no one will give you justice. Yes, because no one cares about it at all, let alone any platform will give us justice, think too much
    2023-01-02 16:45
    Reply
    1
    0
    FX3710586052
    more than one year
    These companies are really speechless, they just don’t take responsibility no matter what, they are really speechless
    2022-12-23 11:53
    Reply
    0
    1
    FX3710586052
    more than one year
    The deposit was delayed for a long time, and the collection was unsuccessful many times, which eventually led to the insufficient margin of my account and the liquidation. This responsibility is entirely the responsibility of the company.
    +2
    2022-12-23 03:59
    Reply
    0
    1
    FX3710586052
    more than one year
    A comment posted yesterday was actually deleted by me. . . . . The company delayed the deposit to the account for more than 30 minutes, and it had the cheek to say that it was an internal matter of the payment provider and had nothing to do with them. . . 32 minutes, don't you know how much the foreign exchange market has changed? ? ? ? As for the amount of money I earn or lose in the later account, does it have anything to do with the delay in receiving it for so long before, which led to my liquidation? ? ?
    2022-12-23 01:02
    Reply
    0
    1
    FX1147794461
    more than one year
    This company, according to the information displayed by wikifx, is an out-and-out liar, mainly by manipulating the system during transactions and using huge slippage to defraud users of funds...I really hope that the liar will be brought to justice as soon as possible Yifa!
    2022-12-14 10:33
    Reply
    0
    1
    高山流水30187
    more than one year
    I really don't want to remember my miserable experience, but I really hope more people can read my review and stay away from this scammer. In the end, the latter prevailed. Do not trade with Valutrades! Totally a scam company. You can also see on this website that there are still many victims.
    2022-11-23 18:45
    Reply
    0
    0
    我本善良942
    more than one year
    Hi GUYS, PAY ATTENTION! Although this platform boasts that they provide extremely competitive spreads, but high slippage exists! You can’t even imagine that I encountered a 70 pips slippage with this broker. THIS IS TOO SCARING AND OUTRAGEOUS !!! I would never trade with this broker any more. This liar!
    2022-11-18 14:49
    Reply
    0
    0
    FX1020990252
    more than one year
    A few days ago, i opened a demo account and found that there are so many trading instruments that i can choose to trade with and the mt4 & mt5 platforms are very easy to use, all is in line with my expectations, so I finally made up my mind to invest in this broker, hope all goes well!
    2022-11-16 16:50
    Reply
    1
    0
    FX2324707702
    more than one year
    The supervision is very formal, the service is also very good, and the withdrawal of funds has been very smooth recently.
    2022-11-07 12:40
    Reply
    0
    0
    call me when
    more than one year
    https://www.wikifx.com/en/survey/8964412ff9.html
    2022-09-30 00:48
    Reply
    1
    2
    pov bro
    more than one year
    good
    2022-09-29 21:58
    Reply
    1
    1
    pov bro
    more than one year
    good
    2022-09-29 21:57
    Reply
    0
    1
    47
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