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The London broker offers Forex, CFD and Commodities (Gold, Oil and Silver) trading through the renowned MetaTrader 4 platform.
Company. Fund security
Valutrades (formerly Monex Capital) is a subsidiary of Indonesian Forex broker Monex Investindo Futures, licensed by the Indonesian Futures Supervision Agency (BAPPEBTI).
Valutrades Ltd., doing business as Valutrades, is authorized and regulated by the FCA (number 586541).
All firms that regulate the FCA are required to comply with certain requirements and procedures. Valutrades is no exception and obeys them. Thus, customer deposits are kept in segregated accounts. Also, according to FCA rules, companies must keep at least € 730,000 in an account to prove financial stability. Regulators in most jurisdictions set similar minimum capital requirements for financial service providers.
In the event of bankruptcy of the company, Valutrades clients are entitled to receive their money from the Investor Compensation Fund.
Trading conditions
Valutrades customers can register one of two available account types: Standard and ECN.
An ECN account is perfect for a professional trader. All trading strategies are allowed: scalping, hedging, news trading, advisors.
The Standard account is an account that makes it easy for novice traders and those using long term strategies. Commissions are included in the spread.
Both accounts offer free VPS hosting with ultra-low latency and superb performance. More than 80 assets out of the available instruments.
Minimum initial deposit
Traders are required to deposit a minimum of $ 50 to open an account with Valutrade.
Spreads and commissions
Valutrades spreads average 1.5 pips per EUR / USD on a Standart account. If you decide to trade on an ECN account, then for you the average spread will be 0.2 pips per EUR / USD, but you also need to pay a commission of $ 3 per lot (for each side). When trading CFDs on an ECN account, the commission will be $ 0.30.
Leverage
The maximum leverage at Valutrades reaches 1: 500. This is a pretty lucrative offer that many brokers offer. The main advantage is that traders can start trading with minimal capital and increase it through leverage as soon as possible. However, you should remember that leverage increases the size of your loss. We advise you to study the theory of the use of leverage before you start real trading.
Trading platforms
Valutrades offers you the most popular Metatrader 4 (MT4) trading platform, its desktop and mobile versions.
MT4 is great for traders with different backgrounds and different trading strategies. The platform offers a wide range of features (50 built-in indicators, an advanced graphics package) to help traders analyze financial markets in detail, place orders, manage positions and run automated trading systems such as using advisors.
In the company you will also find Metatrader MultiTerminal (MetaFX MAM) - a trading platform for managing multiple accounts at the same time.
Training
The broker offers training through webinars, educational articles and Forex videos published on the site. In addition, Premium Clients can take advantage of indicators and receive daily technical analysis to assist the trader in planning their trading in the market.
Support service
Works via live chat, phone and email. All training materials and information on the site are in English. Support is provided by English-speaking specialists.
Ways of payment
You can replenish your trading account and withdraw funds through credit / debit cards (Visa, MatsterCard), bank transfer, online payment systems Skrill, Neteller, Qiwi.
PayPal is the only e-wallet payment method.
Pros:
regulated broker; MT4 is available; have a demo account.
Minuses:
does not offer Islamic accounts.
VALUTRADES is a company whose task is to provide intermediary services to traders. Brokers / Crypto exchanges provide access to currency / cryptocurrency trading, first of all. Also, many of them, if we are talking about brokers, give the opportunity to make transactions with company shares, bonds, commodities, precious metals, indices, cryptocurrency and other assets. A private person can make transactions with all these instruments only on a trading platform, access to which is provided by a broker or a crypto exchange.
In addition, thanks to such companies, an individual can operate in the market with amounts significantly exceeding the amount of his own funds. This is called the provision of leverage. For example, having a deposit of 1,000 USD with a leverage of 1:400, a trader can make transactions for 400,000 USD.
As well, the broker / crypto exchange opens access to analytics, auxiliary tools, trading signals. Without all this, modern trading is impossible.
VALUTRADES profits from traders' trades, usually in two main ways
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First – most common. Using spreads. This word refers to the difference between the best prices for buying and selling a certain asset at a particular moment. Moreover, in a transaction between a trader and a broker, the price is one, and between the broker and market users - another. The mediator takes the difference.
The second method is easier to understand. This is a fee for each operation performed. Most often it has a standard value, but can also be measured as a percentage.
Therefore, the company is interested in attracting as many clients as possible and that they conduct active trading.
How honest brokers / crypto exchanges should work and how they work, we found out. And now let's look at how scammers act, they are also called kitchens.
The most common way to cheat – is to twist quotes. Broker / crypto exchange gives the trader quotes that differ from the real market. There is a substitution of data in order to make operations unprofitable. The deposit is reduced, and then completely reset. At the same time, the trader thinks that his operations were made on the market, but in fact – just on the site of scammers.
Bonus – traps. They are generously distributed for anything: registration, account replenishment, etc. Only after that, in order for the client to withdraw his own money mixed with bonus money, it will be necessary to fulfill a number of actually impossible conditions. For example, to conduct trading operations in the amount of ten times more than the size of the deposit.
The User Agreement may also mask a clause that allows the broker / crypto exchange to dispose of the client's money. Inattention when reading such an agreement most often turns into a complete loss of the deposit.
One of the key points – it is the place of registration and regulation of the company's activities.
First let's talk about registration. As a rule, traders are more trusted by companies either from their own country or from an economically developed country, for example, a member of the European Union. Of course, compliance with UK law is reassuring, and compliance with the laws of an unknown island in the Indian Ocean does not mean anything to most at all.
On fact, most brokerage companies are registered offshore, and we are talking not only about small offices, but also about world leaders. Saint Vincent and the Grenadines, Belize, Marshall Islands, Mauritius are popular offshore zones among companies. Registering there, companies pay significantly less taxes than in the place of actual location, which is sometimes carefully hidden.
If a trader has claims against such a company, then it is likely that he will have to deal with it in accordance with the laws of the same conditional Belize. It is possible to be physically present there at court hearings. And this is extremely expensive and difficult.
No is it worth running like fire from just the word «offshore»? As an answer, we will cite the names of companies that are not related to brokerage, but with an impeccable reputation and also save on taxes with the help of offshore registration: Apple, Pfizer, Microsoft, General Electric, Intel.
And here we come to the second important point – this is the regulation of the broker / crypto exchange. First of all, it is carried out at the level of the state where the company is registered. Each country has its own regulatory body for brokering. So, in Russia it is the Central Bank of the Russian Federation. The trader can find permits on the websites of such authorities. But there are also supranational structures. For example, the International Financial Commission, which is an independent self-regulatory organization, specifies disputes between its members – brokers and their clients.
If there is no information on the broker's website / crypto exchange about the regulation of its activities or license, then it is almost certainly a scammer. Or on the site there is data on some license issued by him, but this information is not confirmed anywhere else. Most likely, these are also scammers.
When choosing a brokerage company, or crypto exchanges, study its history. Look at the links to its experts. If one of the leading TV channels in the economic news for 5 years in a row refers to the opinion of the analyst of the broker in question – this is good. If the broker / crypto exchange assures that it has been working for 15 years, but there is no information about it on the Internet at all – this is bad.
It is important to pay attention to reviews about the company. And read them not only on the website of the broker itself / crypto exchange. In the kitchen, they will certainly be only praiseworthy. It is better to view as many sites as possible.
Pay attention solely to the specifics in the offers on the websites of brokers / crypto exchanges. Honest companies openly write about interest, spread size, minimum deposit, etc. Scammers lure loud streamlined phrases about a rich tomorrow, a stable income, mislead with incomprehensible terms about multi-sites, superfunctions and so on.
Specify the company's connection with well-known brands, financial institutions, public organizations. For example, it can be sponsored. Large brokers / crypto exchanges sometimes hold social promotions. Scammers will definitely not do this.
Therefore, the process of choosing a broker / crypto exchange is complicated. But if you approach it carefully, it will allow you to enter the world of trading, which has made millions of people rich around the world
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Before any trade and choosing a broker You must always read reviews on this site and on other sites. Companies who are honest, have a rating of above 3.8. Also there is always the risk of loss when trading CFDs. Be careful and read the disclosure on the website of the company you chose. VALUTRADES received a score of 1 of 5 on our resource.