Introduction
ValuTrades is an online broker that was established in 2006. The company is based in the United Kingdom and offers a variety of trading products including forex, CFDs, and spread betting. ValuTrades is regulated by the Financial Conduct Authority (FCA) and offers its services to clients from over 150 countries. ValuTrades has won numerous awards including “Best MT4 Broker” at the UK Forex Awards and “Best Trading Conditions” at the World Finance Markets Awards. The broker is also a member of the Investor Compensation Fund (ICF) which protects client funds up to a maximum of €20,000.
About ValuTrades
ValuTrades is a forex and CFD broker that offers trading in a wide range of assets, including currency pairs, stocks, indices, and commodities. The company is headquartered in the United Kingdom and is regulated by the Financial Conduct Authority (FCA).
ValuTrades offers its clients a choice of two platforms: the MetaTrader 4 (MT4) platform and the ValuTrades Webtrader platform. The MT4 platform is the most popular forex trading platform in the world and is available for desktop, web, and mobile devices. The ValuTrades Webtrader platform is a browser-based platform that does not require any downloads or installation.
ValuTrades offers competitive spreads on all of its tradable assets. For example, the spread on EUR/USD currency pair is just 2 pips. The company also offer commission-free trading on all major forex pairs.
ValuTrades provides 24/5 customer support through live chat, email, and telephone. The broker also has an extensive FAQ section on its website that covers all aspects of its services
The Pros of ValuTrades
ValuTrades is an online broker that offers trading in a wide range of financial instruments, including forex, CFDs, and precious metals. The company is headquartered in the UK and is regulated by the Financial Conduct Authority (FCA).
ValuTrades offer its clients a choice of two account types – Standard and Pro. Both account types offer leverage of up to 1:200 and spreads from 0.0 pips. The main difference between the two account types is that the Pro account offers commission-free trading, while the Standard account charges a commission of $3 per lot traded.
ValuTrades also offer a free demo account, which can be used to test out the broker’s trading platform and familiarize yourself with the markets before committing to a live account.
The minimum deposit for a ValuTrades live account is $100, which is relatively low compared to other brokers. Deposits can be made using credit/debit cards, bank transfer, or e-wallets such as Skrill and Neteller.
Withdrawals are processed quickly and without any fees.
The Cons of ValuTrades
The Cons of ValuTrades:
1. Lack of customer support – There have been reports of ValuTrades not responding to customer queries in a timely manner, or not responding at all. This is a major concern for any broker, as good customer support is essential for dealing with any issues that may arise.
2. Limited asset selection – ValuTrades only offers trading in forex and CFDs, so if you’re looking to trade other types of assets you will need to look elsewhere. This may not be an issue for some traders, but it’s worth considering if you want to have a wide range of options available to you.
3. Higher than average spreads – The spreads offered by ValuTrades are higher than average when compared to other brokers. This means that your costs will be higher when trading with ValuTrades, which should be taken into account when deciding whether or not to use their services.
Traders Ratings
ValuTrades is a UK-based online broker offering trading in forex, CFDs, and spread betting. The company is authorized and regulated by the Financial Conduct Authority (FCA), and offers negative balance protection to its clients.
ValuTrades provides its clients with the MetaTrader 4 (MT4) trading platform, which is available for desktop, mobile, and web. The platform is fully customizable and comes with a range of features, including real-time quotes, advanced charting tools, and a wide range of indicators.
The broker offers a variety of account types to suit different traders’ needs, including micro accounts from just $50, and standard accounts from $250. There are also VIP accounts for high-volume traders, and Islamic accounts for those who wish to trade in compliance with Sharia Law.
Spreads start at just 0.6 pips on major currency pairs like EUR/USD and GBP/USD, and there is no commission on trades. Leverage is up to 1:500 for forex pairs, and up to 1:200 for other instruments.
ValuTrades has won numerous awards over the years, including “Best MT4 Platform” at the UK Forex Awards 2018, “Best Customer Service” at the 2016 Investors Chronicle & Financial Times Investment Awards, and “Best Value For Money” at the 2017 British Bank Awards.
Conclusion
Overall, ValuTrades is a decent broker with some good features. However, there are a few drawbacks that should be considered before deciding to open an account. The spreads are a bit high, especially for major currency pairs, and the customer service could be improved. Nonetheless, ValuTrades is worth considering if you’re looking for a reliable broker with low deposit requirements and good leverage options.