|Account type||Minimum deposit||Minimum trade size||Maximum leverage||Average Spread|
|Standard||$100||0.01||1:400||1.2 pips on EUR/USD|
|Raw||$100||0.01||1:400||0.2 pips on EUR/USD+$5 per lot (per side)|
|VIP||$100 000||0.01||1:100||Custom spreads|
Clients of Valutrades can sign up for one of three available account types: Standard, Row and VIP. The Standard and Row accounts are both suitable for regular and inexperienced traders alike, since they allow trading in micro lots and the minimum deposit required is $100. The Standard account is commission-free and the Row one is commission based, providing row market spreads, as its name suggests. Both Standard and Row account holders may use leverage up to 1:400, however the ones with deposit amounts ranging from $20 000 and $100 000 are provided with a maximum leverage level of 1:200.
The VIP account is tailored at high net worth traders and offers competitive tight spreads and free VPS Hosting with ultra-low latency and superior execution.
Valutrades (formerly Monex Capital) is a UK subsidiary of Indonesian Forex broker Monex Investindo Futures, operating under the license and supervision of Indonesia’s commodity futures trading regulatory agency (BAPPEBTI).
The London-based broker offers trading in currency pairs, index and commodity CFDs and commodities (gold, crude oil and silver) through the famous MetaTrader 4 platform.
Security of Funds
Valutrades Ltd., doing business as Valutrades, is authorised and regulated by the Financial Conduct Authority (FCA).
All FCA-regulated firms are required to comply with certain requirements and procedures. Consequently, Valutrades is subject to client money rules set by UK’s financial watchdog and keeps all client money separated from the company`s operating funds into segregated accounts held at an approved bank in the EEA, currently this is Barclays.
What is more, FCA-regulated brokers are obliged to hold at least €730 000 in order to prove their financial stability. Regulatory authorities in most jurisdictions set similar minimum capital requirements to providers of financial services. For instance, Cyprus-based brokers are required to possess at least €1,000,000 in order to conduct their business activities legitimately.
In the event of a shortfall, Valutrades clients may be entitled to compensation from the Financial Services Compensation Scheme – UK’s compensation fund of last resort for customers of licended companies, where the maximum compensation cover is £50,000 per person.
Minimum Initial Deposit
Traders are required to deposit $100 in order to open an account with Valutrade, which is an average minimum initial deposit. In comparison, other FCA-regulated forex brokers, like Forex.com, require $250, and HY Markets – $50.
Average spreads & Commissions
The spreads of Valutrades are average, amounting to 1.2 pips on EUR/USD, however clients take advantage of commission-free trading on most accounts, except the Row one, which offers average spreads of 0.2 pips on EUR/USD and involves a commission fee of $5 per lot (per side).
In comparison, FxPro offers average spread of 1.4 pips on the EUR/USD for its commission-free accounts and average spreads as low as 0.4 pips on the EUR/USD for its cTrader accounts, charged $4.5 per standard lot.
Here you may look up real-time spreads of 15 leading brokers.
The maximum leverage rates Valutrades offers are comparatively high, reaching 1:400. Such leverage is considered comparatively high, although many other FCA-regulated brokers offer similar or higher leverage rates: FXCM offers leverage up to 1:200; FxPro – up to 1:500 and XM – up to 1:888. More forex brokers offering leverage equal to or exceeding 1:500 can be viewed here.
Traders, however, should be careful, for higher leverage may multiply their earnings on a small deposit, but it may also lead to heavy losses. That is why limitations on leverage rates are set in some jurisdictions.
When trading with Valutrades, you will be offered the most popular trading platform, Metatrader 4 (MT4), dektop and mobile versions available.
MT4 allows users to automate their trades by choosing from a variety of Expert Advisors (EAs) and let the program do all the work. This is one of the reasons MT4 to be the preferred platform by most traders. What is more, it offers more than 50 build-in indicators, extensive back-testing environment and advanced charting package.
What is more, it is also worth mentioning that this broker offers Metatrader MultiTerminal (MetaFX MAM)- a trading platform for simultaneous management of multiple accounts.
Methods of Payment
Clients of Valutrades can make deposits to and withdrawals from their accounts via credit/debit cards (Visa, MatsterCard), bank wire, Skrill, Neteller, Qiwi.
PayPal is the only major e-wallet payment method missing.
Valutrades is a well-regulated STP broker providing reading services in forex and CFDs under quite decent trading conditions. In a nutshell, here are the advantages and disadvantages with regards to this broker: