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Overall

Valutrades is a MetaTrader-only broker, offering a wide variety of forex pairs across its two account types through its UK-regulated entity.

By Steven Hatzakis / August 23rd, 2018 / Updated: October 3rd, 2018

help 61
Trust Score
Dislikes
  • Average spreads not available
  • Not regulated outside of the EU
  • Hummingbird app was limited and buggy

Review Sections:

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.

Trust Score

Trading with a forex broker traders can trust is crucial to success. Unfortunately, forex fraud and scams are common in the industry.

Here at ForexBrokers.com, we maintain the largest independent regulatory database available on the web. Using 28 different variables, we have created a proprietary 1-100 score (the higher the better) of overall trustworthiness, which we call the Trust Score. Here is our trust summary of Valutrades.

Valutrades
Trust Score61
Year Founded2012
Publicly-Traded Company (Listed) No
Regulated in Major Hub Yes
Regulated in Emerging Hub No
Authorised in the European Union Yes
CFTC Registered (USA) No
FCA Regulated (UK) Yes
IIROC Authorised (Canada) No
FINMA Authorised (Switzerland) No
ASIC Authorised (Australia) No
SFC Authorised (Hong Kong) No
MAS Authorised (Singapore) No
FSA Authorised (Japan) No
FMA Authorised (New Zealand) No
CySEC Authorised (Cyprus) No

Offering of Investments

The following table summarizes the different investment products available to Valutrades clients.

Valutrades
Minimum Initial Deposit$0
Currency Pairs (Total Forex pairs)74
CFDs - Total Offered103
Exchange Traded Securities: US No
Exchange Traded Securities: International 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. 

Valutrades
Average Spread EUR/USD - StandardN/A
All-in Cost EUR/USD - ActiveN/A
Active Trader or Premium/VIP No

Research

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.

Valutrades 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 reserach portal

Valutrades’ back office login area has an abundance of easily accessible research and educational content.

Valutrades
Daily Market Commentary Yes
Forex News (Top-Tier Sources) Yes
AutoChartist No
Trading Central (Recognia) No
Delkos Research No
Acuity Trading No
Social Trading / Copy-Trading No
Social Sentiment - Currency Pairs No
Client Webinars No
Client Webinars (Archived) Yes
Videos - Beginner Trading Videos No
Economic Calendar Yes
Calendar Includes Forecasts Yes
Economic News Sentiment No
Trade Ideas - Backtesting Yes

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.

MetaTrader4 Desktop Forex Brokers

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.
Valutrades
Virtual Trading (Demo) Yes
Desktop Platform (Windows) Yes
Desktop Platform (Mac) No
Web Platform Yes
Social Trading / Copy-Trading No
Proprietary No
MetaTrader4 (MT4) Yes
MetaTrader5 (MT5) Yes
cTrader No
Currenex No
ZuluTrade No
MirrorTrader No
Charting - Drawing Tools (Total)31
Charting - Indicators / Studies (Total)51
Watchlists - Total Fields7
Order Type - Trailing Stop Yes

Mobile Trading

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.

Metatrader4 mobile watchlist

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.

Valutrades Hummingbird mobile app Android

The experience on Hummingbird was poor, and multiple ad-like pop-ups made it feel less like a mobile trading app.

Valutrades Hummingbird mobile app charts Android

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.

Valutrades
Android App Yes
Apple iOS App Yes
Charting - Draw Trend Lines Yes
Charting - Can Turn Horizontally Yes
Charting - Technical Studies/Indicators30
Watch List Syncing No
Trading - Forex Yes
Trading - CFDs Yes
Alerts - Basic Fields Yes

Other Notes

Valutrades also provides the Virtual Private Server (VPS) service from Beeks and Central Network Services (CNS), two third party companies.

Final Thoughts

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.


Steven Hatzakis

Reviewed by 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 19 years, Steven has held numerous positions within the international forex markets, from writing to consulting to serving as a registered commodity futures representative.

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Trading CFDs, FX, and cryptocurrencies involves a high degree of risk. All providers have a percentage of retail investor accounts that lose money when trading CFDs with their company. You should consider whether you can afford to take the high risk of losing your money and whether you understand how CFDs, FX, and cryptocurrencies work. All data was obtained from a published web site as of 4/03/2018 and is believed to be accurate, but is not guaranteed. The ForexBrokers.com staff is constantly working with its online broker representatives to obtain the latest data. If you believe any data listed above is inaccurate, please contact us using the link at the bottom of this page.

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