Valutrades Forex Broker

ValuTrades Forex Broker - Complete Information Guide

1. Overview of the Broker

ValuTrades Limited, established in 2012, is a prominent online trading service provider headquartered in London, United Kingdom. The company operates as a private entity and offers a wide range of financial services primarily targeting retail forex traders and institutional clients. Over the years, ValuTrades has expanded its reach, providing services to clients across 182 countries, making it a significant player in the global forex market.

The broker's journey began with a focus on delivering exceptional trading conditions and customer service. It has since evolved, launching various innovative trading platforms and account types. Notably, ValuTrades is a subsidiary of Monex Investindo Futures, a well-known Indonesian broker, which enhances its credibility in the financial services industry.

ValuTrades operates on an ECN (Electronic Communication Network) model, allowing for direct market access and competitive trading conditions. This approach ensures that clients benefit from tight spreads and low commissions, making it an attractive option for both novice and experienced traders.

2. Regulation and Compliance Information

ValuTrades is regulated by two key authorities, ensuring a secure trading environment for its clients. The primary regulator is the Financial Conduct Authority (FCA) in the United Kingdom, under registration number 586541. Additionally, ValuTrades (Seychelles) Limited is regulated by the Seychelles Financial Services Authority (FSA), with license number SD 028.

The FCA imposes strict regulations, including the requirement for brokers to maintain segregated client accounts. This ensures that client funds are kept separate from the broker's operational funds, providing a layer of protection against insolvency. Furthermore, clients are eligible for compensation under the UKs Financial Services Compensation Scheme (FSCS), which covers up to £85,000 per individual in case of broker failure.

ValuTrades adheres to KYC (Know Your Customer) and AML (Anti-Money Laundering) policies, requiring clients to verify their identity and address during the account opening process. This compliance is crucial for maintaining the integrity of the financial system and preventing fraudulent activities.

3. Trading Products and Services

ValuTrades offers a diverse range of trading products, catering to various trading preferences. The broker provides access to over 80 forex currency pairs, including major, minor, and exotic pairs. In addition to forex, ValuTrades offers CFD (Contract for Difference) trading on various asset classes, including:

• Indices: Global indices such as the S&P 500 and FTSE 100.
• Commodities: Precious metals like gold and silver, as well as oil.
• Equity Index CFDs: Trading on major stock indices.

The broker continuously updates its product offerings to meet market demands, although the current selection is somewhat limited compared to some competitors. ValuTrades focuses on retail trading services, providing a user-friendly platform for individual traders, while also offering white-label solutions for institutional clients.

4. Trading Platforms and Technology

ValuTrades supports two of the most popular trading platforms in the industry: MetaTrader 4 (MT4) and MetaTrader 5 (MT5). Both platforms are renowned for their robust features and user-friendly interfaces, allowing traders to execute trades efficiently.

• MetaTrader 4: Offers a comprehensive suite of tools for technical analysis, including over 50 built-in indicators and customizable charting options. It supports automated trading through Expert Advisors (EAs), enabling traders to implement their strategies seamlessly.

• MetaTrader 5: Provides enhanced trading functionalities, including advanced charting tools, additional order types, and improved market depth analysis. It also supports a wider range of assets compared to MT4.

ValuTrades does not have its proprietary trading platform but focuses on providing a reliable trading experience through these established platforms. The broker offers web-based trading options, allowing clients to trade directly from their browsers without needing to download software. Additionally, mobile trading applications for both iOS and Android devices are available, enabling traders to manage their accounts on the go.

The broker employs an ECN execution model, ensuring that trades are executed at market prices with minimal slippage. ValuTrades also provides API access for automated trading, allowing clients to connect their trading algorithms directly to the broker's systems.

5. Account Types and Trading Conditions

ValuTrades offers several account types to accommodate different trading styles and experience levels:

• Standard Account: Requires a minimum deposit of $100 and offers commission-free trading with spreads starting from 0.2 pips.
• Raw Account: Designed for more experienced traders, this account type has tighter spreads starting from 0.0 pips but charges a commission of $6 per lot.
• VIP Account: Aimed at high-net-worth individuals, this account requires a minimum deposit of $100,000 and offers customized spreads and lower commissions.

All accounts allow for trading in micro lots, with a minimum trading size of 0.01 lots. ValuTrades provides leverage of up to 1:500, depending on the account type and regulatory entity chosen by the trader. The broker also charges overnight financing fees for positions held beyond the trading day.

6. Fund Management

ValuTrades supports a variety of deposit and withdrawal methods, ensuring that clients can easily manage their funds. The available deposit methods include:

• Bank Wire Transfer
• Credit/Debit Cards (Visa, MasterCard)
• E-Wallets (Skrill, Neteller, UnionPay)

There is no minimum deposit requirement for most accounts, making it accessible for traders with varying financial capabilities. Deposits are typically processed instantly, except for bank transfers, which may take one to two business days.

Withdrawals can be requested via the same methods used for deposits, and ValuTrades aims to process withdrawal requests within 24 hours. However, a 5% fee applies to withdrawals after the third transaction in a calendar month. Clients should also be aware that withdrawals can only be made in amounts of $50 or more.

7. Customer Support and Educational Resources

ValuTrades prides itself on providing comprehensive customer support to assist traders at every step of their journey. Support is available through multiple channels, including:

• Phone: +44 (0) 20 3141 0888
• Email: support@valutrades.com
• Live Chat: Available on the website

Customer support operates 24/5, covering both Asian and European trading hours, and offers assistance in multiple languages, including English, Portuguese, Chinese, and German.

In addition to customer support, ValuTrades offers a range of educational resources, including webinars, tutorials, and market analysis. Traders can access daily market news, economic calendars, and various trading tools to enhance their trading strategies and knowledge.

8. Regional Coverage and Restrictions

ValuTrades serves clients in over 180 countries, with a focus on providing services to traders in Europe and Asia. The broker has regional offices in the UK and Seychelles, allowing it to cater to a diverse clientele.

However, certain jurisdictions are restricted from opening accounts with ValuTrades, including:

• United States
• Belgium
• Iran
• North Korea

These restrictions are due to regulatory compliance and local laws governing forex trading. Prospective clients are encouraged to verify their eligibility based on their country of residence before attempting to open an account with ValuTrades.

In summary, ValuTrades broker stands out as a reliable and well-regulated trading platform, offering a variety of trading products and services tailored to meet the needs of both novice and experienced traders. With its competitive trading conditions, robust platforms, and commitment to customer support, ValuTrades is well-positioned in the global forex market.