ValuTrades is a licensed Forex and CFD broker that is actually a subsidiary of an Indonesian Forex broker Monex Investindo Futures. Valutrades offers trading on currency pairs, index and commodity CFDs and commodities (gold, crude oil and silver) through the popular MetaTrader 4 platform. They are furnishing investors with 3 account types namely Standard, Raw and VIP. Minimum deposit is $100 and minimum trade size is 0.01. Leverages extends upto 1:400. Valutrades trading fees are in the form spreads and commissions. Spreads on EURUSD starts from O.2pips with custom spreads on the VIP account. Commission fee of $5 per lot (per side) on the RAW account type.
What is Valutrades (valutrades.com)? Either is Valutrades scam or legit?
Valutrades is considered safe, as it is regulated and licensed by top-tier financial authorities, like the UK Financial Conduct Authority please continue reading our Valutrades review below.
- Aforementioned, Valutrades is regulated by the Financial Conduct Authority FCA in UK to accept customers on regulated markets like the European Union, including the UK for example.
- A regulated broker like Valutrades is required to include proper risk disclaimers and regulatory information at the bottom of all their website pages. All FCA-regulated firms are required to comply with certain requirements and procedures. Consequently, Valutrades is subject to client money rules set by UK’s financial watchdog and keeps all client money separated from the company`s operating funds into segregated accounts held at an approved bank in the EEA, currently this is Barclays. What is more, FCA-regulated brokers are obliged to hold at least €730,000 in order to prove their financial stability.
- Regulatory authorities in most jurisdictions set similar minimum capital requirements to providers of financial services. For instance, Cyprus-based brokers are required to possess at least €1,000,000 in order to conduct their business activities legitimately.
- In the event of a shortfall, Valutrades clients may be entitled to compensation from the Financial Services Compensation Scheme, UK’s compensation fund of last resort for customers of licenced companies, where the maximum compensation cover is £50,000 per person.
- We confirm that Valutrades is legitimate – Valutrades has registered office at 51 Eastcheap, London, EC3M 1JP, United Kingdom. Company Number 07939901. The CEO of Valutrades LTD is Graeme Watkins. See evidence below
- Valutrades is fortunately not the only legitimate Forex broker to compare, there are many similar brokers, like easyMarkets, VantageFX, Avatrade, Pepperstone. They all work the same way. They have appropriate licensing.
- All of that, together with Valutrades having a sound corporate information leads us to believe that Valutrades is another regulated, legitimate website, which we strongly recommend for you.
Since now it is clear that Valutrades is a legitimate broker, so we recommend valutrades.com.
Offering Negative Balance Protection and enabling clients to access top-tier liquidity, wide range of trading platforms and financial instruments with lightning-fast execution, it is well-regulated and extremely reliable with its long-term commitment to transparency.
Crucial questions to ask before choosing a forex broker
- Is the broker regulated?
- If regulated, how trustworthy is the regulatory body?
- Is the broker offering profits or rewards for signing up?
- Is the broker offering big cash bonuses for signing up?
- Is the broker offering automatic trades or signals to guarantee profits?
- Is any credible information about the company included on its website, such as company history, financials, headquarters’ address, or similar?
- If awards are cited, can I verify their authenticity?
- If a big corporate sponsorhip is referenced, am I doing my due dilligence to ensure the company can be trusted?
Valutrades Broker is a licensed broker.
Forex Broker Expert uses a simple method to determine if a Forex broker is legitimate or a scam broker. We look to see if the broker is licensed and regulated by anyone of these regulators; FSCA South Africa, FCA United Kingdom, ASIC Australia or the US CFTC.
Our best advise
As usual in such cases our best advise is to deal only with properly regulated brokers, like the ones licensed and authorized by the Financial Conduct Authority (FCA) in the UK, the Cyprus Securities and Exchange Commission (CySEC) or the Australian Securities and Investments Commission (ASIC).
- Properly licensed
- Negative balance protection
- Good trading conditions
- No choice of trading platform
- No sslamic account