The company appeared about 10 years ago, when it opened two divisions in 2012: one in London and the other in the Seychelles. It seems that the company already had many clients from more than 70 countries. The broker attracts by trading the following assets:
CFDs (Contracts for Difference).
Currencies – there are more than 80 pairs
Indices – the most popular indices, such as FTC100, SNP500, etc.
Commodities and raw materials – precious metals, oil
The company is subject to the rules of two regulators. In Seychelles it’s the FCA, the UK office is regulated by the FCA Financial Services Authority.
Commissions and Fees
Forex spreads start at 0.2 pips for indices for example. Currency pairs have spreads starting at 0.2 pips, oil at a few hundredths of a pip.
As for commission costs, be prepared to pay three dollars in an ECN trading account. There are other fees as well, which you can find out about on the broker’s official website.
This is the financial leverage presented by the company to the client involved in margin trading. Depending on the rules of the company and the requirements of the regulator, the company provides different leverage for different jurisdictions. For example, for the UK it is 1:30 and for Valutrades Seychelles the maximum available is 1:500.
Account deposit options
There are all standard payment methods, including wire transfer and international credit or debit cards, as well as several electronic payment methods, such as SKRILL and Neteller.
The methods are the same as for deposits, only there is a minimum threshold of fifty US dollars. As a standard, all withdrawals are carried out within a day.
You can withdraw the money three times a month without paying any commission. After that the standard commission of five percent of the withdrawal amount is charged.
In contrast to our competitors, with Valutrades a client selects the amount of virtual money for a demo account. It can be opened without paying, and tested both on the desktop version of the platform and using the mobile app. Analytics tools, economic calendars and electronic advisors will be available. If you do not open any transactions within 30 days, your demo account will be canceled.
Regulators and licenses
The company is registered in the United Kingdom and the Seychelles. For the first branch the FCA rules apply, where it is registered under number 586541, the Seychelles has its own regulator – FSA, and the license has number SD028