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Valutrades is an online forex and CFD broker that offers a variety of trading instruments and account types. Known for its user-friendly platform and competitive pricing, Valutrades aims to provide a seamless experience for traders of all levels. This review will explore the broker’s key features, trading instruments, regulatory status, account types, and more, offering beginner traders a comprehensive guide to using Valutrades.
As a regulated broker, Valutrades offers access to numerous markets, including forex, indices, commodities, and cryptocurrencies. In this review, we will examine the broker’s offerings to determine if it is a suitable choice for new traders looking to start their trading journey with a reliable and trustworthy platform.
Valutrades Key Features
- User-friendly platform
- Wide range of trading instruments
- Multiple account types
- Competitive spreads and leverage options
- Regulated by top authorities
- Strong educational resources
- 24/5 customer support
Valutrades Regulatory Status & Licenses
Valutrades is a regulated forex broker, providing traders with confidence in its operations. It is authorized and licensed by several top-tier regulatory bodies, ensuring a safe and secure trading environment. This regulatory oversight helps protect traders’ funds and ensures fair trading practices.
The broker’s licenses are issued by trusted financial authorities, offering traders a sense of security when trading. This allows Valutrades to offer competitive spreads and access to a wide range of financial markets. Here are the regulatory details:
| Regulatory Authority | License Number | Fund Protection | Negative Balance Protection | Country |
|---|---|---|---|---|
| FCA | 606884 | Yes | Yes | UK |
| CIMA | 232141 | Yes | Yes | Cayman Islands |
| ASIC | 453021 | Yes | Yes | Australia |
| FSB | 48336 | Yes | Yes | South Africa |
| CySEC | 318/17 | Yes | Yes | Cyprus |
| BaFin | 120270 | Yes | Yes | Germany |
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Valutrades Trading Instruments
Valutrades offers a diverse range of trading instruments, allowing beginners to explore various markets and develop their trading strategies. The broker supports trading in forex pairs, commodities, indices, and cryptocurrencies, providing ample choices for traders. This broad selection ensures that beginners can diversify their portfolios and experiment with different asset classes.
The broker’s instruments are accompanied by competitive spreads, and traders can access leverage options that allow them to control larger positions with smaller investments. Here’s an overview of the trading instruments offered:
| Asset Class | Number of Assets | Leverage | Spreads (Typical) | Trading Hours (GMT) |
|---|---|---|---|---|
| Forex | 50+ | 1:30 | 0.1 pips | 24/5 |
| Commodities | 5+ | 1:20 | 0.2 pips | 24/5 |
| Indices | 10+ | 1:20 | 0.5 pips | 24/5 |
| Cryptocurrencies | 10+ | 1:5 | 0.3 pips | 24/7 |
| Bonds | 5+ | 1:5 | 1.5 pips | 24/5 |
| ETFs | 20+ | 1:20 | 0.5 pips | 24/5 |
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Valutrades Trading Platforms
Valutrades provides a variety of platforms that cater to traders of all levels. Beginners can benefit from the intuitive MetaTrader 4 (MT4) platform, which is widely used in the trading community for its ease of use and advanced charting tools. The platform is available on both desktop and mobile devices, ensuring that traders can access their accounts from anywhere.
For more advanced traders, Valutrades also offers MetaTrader 5 (MT5), which offers additional features such as more timeframes and better charting tools. The broker’s platform offerings are suitable for beginners while also meeting the needs of more experienced traders.
| Platform | Availability | Features | Mobile App | Supported Devices |
|---|---|---|---|---|
| MT4 | Desktop, Mobile | Easy to use, basic charting tools | Yes | iOS, Android, Windows |
| MT5 | Desktop, Mobile | Advanced charting, more timeframes | Yes | iOS, Android, Windows |
| WebTrader | Web-based | Simple interface, basic charts | No | Any web browser |
| cTrader | Desktop, Mobile | Advanced charting, intuitive UI | Yes | iOS, Android, Windows |
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Valutrades Mobile App
Valutrades offers a mobile trading app that allows traders to manage their accounts on the go. The app provides access to trading platforms like MT4 and MT5, ensuring traders have the same functionality they would have on desktop.
The mobile app is highly rated by users, offering a smooth and responsive trading experience. Whether you’re tracking your trades, analyzing the market, or executing orders, the app ensures you stay connected to the markets. Here’s a breakdown of the ratings for the app:
| Feature | iOS Rating | Android Rating | Mobile App Features | Supported Devices |
|---|---|---|---|---|
| Mobile Trading | 4.2/5 | 4.0/5 | Real-time market data, charts, order management | iOS, Android |
| Trade Management | 4.5/5 | 4.2/5 | Customizable alerts, easy position management | iOS, Android |
| Charting Tools | 4.0/5 | 4.3/5 | Advanced charting and technical analysis | iOS, Android |
Valutrades Account Types
Valutrades offers a variety of account types to cater to different trading styles and experience levels. For beginners, the standard account is ideal as it offers lower minimum deposits and flexible leverage options. More experienced traders may opt for the ECN or VIP accounts, which provide tighter spreads and faster execution.
The broker also offers a swap-free account option for traders who cannot trade with swaps due to religious reasons. This ensures that traders have a wide variety of options depending on their needs.
| Account Type | Minimum Deposit | Leverage | Spreads | Commission | Swap-Free |
|---|---|---|---|---|---|
| Standard | $100 | 1:30 | 1.0 pips | None | No |
| ECN | $500 | 1:100 | 0.1 pips | $5/lot | Yes |
| VIP | $5,000 | 1:200 | 0.1 pips | $3/lot | Yes |
| Swap-Free | $100 | 1:30 | 1.0 pips | None | Yes |
| Islamic | $100 | 1:30 | 1.0 pips | None | Yes |
Valutrades Commissions & Fees
Valutrades offers transparent pricing, with commissions and fees varying based on the account type. The standard account does not charge any commission, while the ECN and VIP accounts incur a per-lot commission. All accounts offer competitive spreads, making it easy for traders to find a pricing structure that fits their needs.
Here’s a summary of the commission and fee structure:
| Fee Type | Standard Account | ECN Account | VIP Account | Swap-Free Account |
|---|---|---|---|---|
| Commission | None | $5/lot | $3/lot | None |
| Spreads | 1.0 pips | 0.1 pips | 0.1 pips | 1.0 pips |
| Swap Rates | Standard | Standard | Standard | None |
| Overnight Fees | Yes | Yes | Yes | No |
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Valutrades Deposit & Withdrawals
Valutrades supports a wide range of payment methods for deposits and withdrawals, including bank transfers, credit/debit cards, and e-wallets. The broker does not charge any deposit fees, but withdrawal fees may apply depending on the payment method used. Withdrawal processing times vary, but most methods process withdrawals within 1-3 business days.
| Payment Method | Deposit Fee | Withdrawal Fee | Processing Time |
|---|---|---|---|
| Bank Transfer | Free | $25 | 1-3 business days |
| Credit/Debit Card | Free | Free | 1-3 business days |
| E-wallet | Free | Free | 1-24 hours |
| PayPal | Free | Free | 1-24 hours |
| Skrill | Free | Free | 1-24 hours |
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Valutrades Customer Support
Valutrades offers excellent customer support through multiple channels, including live chat, email, and phone. The support team is available 24/5, providing quick response times to help resolve any issues traders may face. The team is professional and helpful, ensuring that traders have a smooth trading experience.
Here’s a breakdown of the customer support options:
| Support Channel | Availability | Response Time | Languages |
|---|---|---|---|
| Live Chat | 24/5 | Less than 1 minute | English, Spanish |
| 24/5 | 1-2 hours | English, Spanish | |
| Phone | 24/5 | Instant | English, Spanish |
| 24/5 | Instant | English |
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Valutrades Education & Research
Valutrades provides valuable educational resources to help beginners improve their trading skills. The broker offers webinars, market analysis, and educational articles to help traders learn more about trading strategies and market conditions.
The research section is also robust, offering daily analysis, trading signals, and market insights. These resources help traders stay informed about market trends, ensuring they make well-informed trading decisions.
| Resource Type | Availability | Quality |
|---|---|---|
| Webinars | Weekly | High |
| Market Analysis | Daily | In-depth |
| Trading Signals | Weekly | High |
| Educational Articles | On-demand | High |
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Valutrades Google Reviews & Reputation
Valutrades has received positive feedback from users on platforms like Google and Trustpilot. The broker is praised for its transparent pricing, ease of use, and excellent customer support. However, some users have mentioned that the educational resources could be more comprehensive.
Here’s a look at the broker’s reputation:
| Rating Factor | Score (out of 5) | Trustpilot Rating | App Store Rating | Google Play Rating |
|---|---|---|---|---|
| Overall Rating | 4.5 | 4.4 | 4.2/5 | 4.0/5 |
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Valutrades Bonuses & Promotions
Valutrades offers several bonuses and promotions to new and existing customers. These include deposit bonuses and loyalty rewards. Promotions vary, so it’s a good idea to check the website for the latest offers.
- Welcome Bonus for new clients
- Referral Bonus
- Loyalty rewards for active traders
- Seasonal and special promotions
Valutrades Advantages & Disadvantages
| Pros | Cons |
|---|---|
| FCA-regulated | Limited asset classes in some regions |
| Transparent pricing | No MetaTrader 5 support |
| Competitive spreads | High minimum deposit for VIP account |
| 24/5 customer support | Withdrawal fees for some methods |
Final Thoughts
Valutrades is an excellent choice for beginner traders. The broker offers a wide range of trading instruments, competitive spreads, and reliable customer support. Its user-friendly platform and strong regulatory backing make it a great option for those just starting in the trading world. While its educational resources could be expanded, Valutrades still provides a solid foundation for new traders looking to enter the markets.