Please Note: Valutrades was not included in the 2020 annual review. As a result, this broker's ratings may be outdated. Read our Best Forex Brokers 2020 guide for a look at the top rated forex and CFDs brokers.
Valutrades Limited (Valutrades) is a UK-based broker that was established in 2012 and is regulated and authorized by the Financial Conduct Authority (FCA).
Valutrades is primarily a MetaTrader-only broker offering the MetaTrader 4 (MT4) and MetaTrader 5 (MT5) suite of platforms developed by MetaQuotes Software Corporation. The broker offers 103 CFD instruments encompassing 74 forex pairs, 11 crypto pairs, 7 metals, and 11 CFDs.
Is Valutrades Safe?
Valutrades is considered high-risk, with an overall Trust Score of 64 out of 99. Valutrades is not publicly traded and does not operate a bank. Valutrades is authorised by one tier-1 regulator (high trust), zero tier-2 regulators (average trust), and zero tier-3 regulators (low trust). Valutrades is authorised by the following tier-1 regulator: Financial Conduct Authority (FCA) Learn more about Trust Score.
|Publicly Traded (Listed)||No|
Offering of Investments
The following table summarizes the different investment products available to Valutrades clients.
|Forex: Spot Trading||Yes|
|Currency Pairs (Total Forex pairs)||74|
|CFDs - Total Offered||103|
|Social Trading / Copy-Trading||No|
|Cryptocurrency traded as actual||No|
|Cryptocurrency traded as CFD||Yes|
Commissions & Fees
Valutrades offers two account types, the commission-free Standard account and the commission-based ECN account, in which the commission and fees vary.
On the ECN account, the broker charges $3 commission per side ($6 per round turn), whereas the Standard account has a 1 pip spread instead of commission.
|Minimum Initial Deposit||$0|
|Average Spread EUR/USD - Standard||N/A|
|All-in Cost EUR/USD - Active||N/A|
|Active Trader or VIP Discounts||No|
Valutrades provides several research resources, such as a Daily Market Update series and its ValueNewsAlert service. The broker also offers ValuBuilder, powered by TradeWorks, and an economic calendar.
The back office login for Valutrades clients provides access to a research portal with various resources all in one place, under its trading tools section, including the Chasing Returns and TradeWorks indicators.
Valutrades’ back office login area has an abundance of easily accessible research and educational content.
|Daily Market Commentary||Yes|
|Forex News (Top-Tier Sources)||Yes|
|Trading Central (Recognia)||No|
|Social Sentiment - Currency Pairs||No|
Platforms & Tools
Valutrades is primarily a MetaTrader broker offering MetaQuotes Software Corporation’s MetaTrader 4 (MT4) and MetaTrader 5 (MT5) suite of platforms. To learn more about MT4, read our MetaTrader guide.
While MT4 comes standard, with little variation in functionality from broker to broker, there can be significant differences in how the platform is set up for trading spreads and commissions, execution, and other tools, features, and administrative areas.
- Besides its offering of spreads, range of instruments, and account types, Valutrades offers nine custom indicators.
|Virtual Trading (Demo)||Yes|
|Desktop Platform (Windows)||Yes|
|Social Trading / Copy-Trading||No|
|MetaTrader 4 (MT4)||Yes|
|MetaTrader 5 (MT5)||Yes|
|Charting - Indicators / Studies (Total)||51|
|Charting - Drawing Tools (Total)||31|
|Charting - Trade From Chart||Yes|
|Watchlists - Total Fields||7|
|Order Type - Trailing Stop||Yes|
Valutrades can be accessed by iOS and Android mobile trading applications, which are available directly from the developers of the MT4 and MT5 platforms on the iTunes Store and Google Play. To learn more about MT4, read our guide to MetaTrader.
Valutrades also offers the Hummingbird Mobile app, developed by UK-based Hummingbird Limited, which I tested on Android and found it had multiple bugs. The app also crashed on one occasion.
The experience on Hummingbird was poor, and multiple ad-like pop-ups made it feel less like a mobile trading app.
The charts on the Hummingbird app can be changed to a candlestick format from the default line chart, and there are also two moving averages that can be added by tapping on the chart. However, no information is provided regarding the parameters of the moving averages (such as the period), making them more of a novelty than providing any utility.
|Apple iOS App||Yes|
|Trading - Forex||Yes|
|Trading - CFDs||Yes|
|Alerts - Basic Fields||Yes|
|Watch List Syncing||No|
|Charting - Indicators / Studies||30|
|Charting - Draw Trend Lines||Yes|
|Charting - Trend Lines Moveable||No|
|Charting - Multiple Time Frames||Yes|
|Charting - Drawings Autosave||Yes|
Valutrades also provides the Virtual Private Server (VPS) service from Beeks and Central Network Services (CNS), two third party companies.
Through its UK-regulated entity, Valutrades offers a good deal of research content as a MetaTrader broker, while offering clients a fair range of tradeable products, including 74 forex pairs.
While Valutrades offers two account types, we’d like to see the broker provide a breakdown of its average spreads to accurately assess its trading costs. Finally, acquiring a license outside the EU would help Valutrades compete with its peers.
Forex Risk Disclaimer
"There is a very high degree of risk involved in trading securities. With respect to margin-based foreign exchange trading, off-exchange derivatives, and cryptocurrencies, there is considerable exposure to risk, including but not limited to, leverage, creditworthiness, limited regulatory protection and market volatility that may substantially affect the price, or liquidity of a currency or related instrument. It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses." Learn more.
About the author: Steven Hatzakis Steven Hatzakis is the Global Director of Research for ForexBrokers.com. Steven previously served as an Editor for Finance Magnates, where he authored over 1,000 published articles about the online finance industry. Steven is an active fintech and crypto industry researcher and advises blockchain companies at the board level. Over the past 20 years, Steven has held numerous positions within the international forex markets, from writing to consulting to serving as a registered commodity futures representative.