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Valutrades was founded in 2012 with a view to becoming the leading provider of online forex, commodities and index CFD trading. The broker uses traditional finance combined with modern technological thinking to establish itself as a leading fintech firm. Valutrades, previously known as Monex Capital, was a subsidiary of the Indonesia-based forex broker Monex Investindo Futures. All customer funds are held in secure accounts with leading banks in the European Economic Area. Client funds are fully segregated from Valutrades` own funds in accordance with current customer money legislation. The company is regulated by the FCA.
Trading conditions
The broker offers to trade currency pairs, commodities, stocks, indices, bonds, and CFDs. Clients can choose from two account types with different executions - Standard or ECN. ECN allows clients to use advisors, scalping, and hedging. Besides, it is suitable for professional traders. Standard is good for beginners and those who apply long-term strategies. The Standard account includes a commission which is part of the spread. It averages from 1.5 pip on EUR/USD. To open an account, it is necessary to deposit at least $50. In addition, you can try your hand at trading with the help of a demo account.
The maximum leverage is 1:500. There are no bonuses or special offers. The company provides its clients with an affiliate program, as well as a separate section with training materials and analytical information.
Trading platforms
Valutrades` clients can conducat trading through such popular platforms as MetaTrader 4, Mobile Trader, and MetaTrader MAM. The latter provides simultaneous access to multiple accounts.
Support service
The support team is available only in English. To contact a specialist, you can use a feedback form, live chat, an email address, or a phone number.
Deposit and withdrawal of funds
Traders can deposit or withdraw funds via bank transfers, Visa/MasterCard credit cards, or through PayPal, Skrill, Neteller, and Qiwi electronic wallets. It is worth paying attention to the commission size and the deadlines for the transfer of funds.
Feedback from traders
On the network, traders share the problems that arose in the process of working with the broker, namely: funds withdrawal difficulties, disruption to the platform at a time of high market volatility, as well as slippage. Foreign traders note the lack of support and interface in other languages.
Advantages and disadvantages
Valutrades` advantages:
- regulated broker
- wide range of trading instruments
- affordable initial deposit
- demo account
- great variety of training programs and up-to-date analytics
Disadvantages:
- website available in English only
- no bonus programs
- negative feedback from traders
Conclusion
At first glance, Valutrades offers rather attractive trading conditions: a wide range of trading instruments, advanced platforms, training materials, and an affordable initial deposit. In addition, the broker is regulated by a fairly reputable supervisory authority. At the same time, we still recommend that you carefully study the company`s reputation, since even a few negative reviews may signal that the broker is unreliable.
