Valour FX
Pros and Cons
Pros
- High leverage options up to 1:500
- Supports popular trading platform MetaTrader 4
- Minimum deposit requirement of $100
- Diverse trading instruments including CFDs on indices, stocks, and commodities
- Multiple payment methods available for deposits and withdrawals
Cons
- No valid forex regulation
- Revoked VFSC license
- High fixed spreads starting at 2.5 pips
- No demo account available
- Limited trading instruments (no cryptocurrencies, bonds, options, ETFs)
Basic Information
User Reviews
Valour FX Overview
Valour FX is a forex broker founded in 2015 and headquartered in the United Kingdom. Despite its establishment, it is important to note that Valour FX operates with a revoked regulatory status from the Vanuatu Financial Services Commission (VFSC). This lack of valid regulation raises concerns regarding the safety and reliability of the broker for potential traders. As such, clients should exercise caution and conduct thorough research before engaging with Valour FX.
Is Valour FX Safe? Regulation Analysis
Regulatory Information
| Regulatory Authority | Country/Region | Fund Protection Measures |
|---|---|---|
| Vanuatu Financial Services Commission (VFSC) | Vanuatu | Revoked License |
Is Valour FX Regulated and How Are Client Funds Protected?
Valour FX is not currently regulated by any recognized financial authority. The broker was previously licensed by the Vanuatu Financial Services Commission, but its license has been revoked. This lack of regulation raises significant concerns regarding the safety of client funds, as there are no investor protection mechanisms in place. Trading with an unregulated broker like Valour FX can expose investors to higher risks, including potential fraud and lack of recourse in case of disputes. It is advisable for investors to exercise caution and consider alternative brokers that are properly regulated to ensure greater protection of their investments.
Trading Products and Services
What Trading Instruments Does Valour FX Offer?
| Asset Category | Available Products | Total Count (if available) |
|---|---|---|
| Forex | EUR/USD, GBP/JPY, Major & Minor Pairs | Many |
| Commodities | Gold, Silver, Crude Oil | Many |
| Indices | S&P 500, NASDAQ, FTSE 100 | Many |
| Stocks | US (e.g. Apple, Tesla), UK (e.g. BP, Vodafone) | Many |
| Cryptocurrencies | Not Available |
Valour FX provides a diverse range of trading instruments that cater to various types of traders. With offerings in Forex, commodities, indices, and stocks, users can explore multiple markets to build a well-rounded investment portfolio. The availability of major currency pairs and popular commodities like gold and oil meets the needs of both beginners and experienced traders alike. This range allows users to implement various trading strategies, whether they prefer short-term trades or long-term investments. By supporting different asset categories, Valour FX enhances the potential for portfolio diversification, enabling traders to adapt their strategies based on market conditions and personal risk tolerance.
Account Types and Trading Conditions
What Account Types and Fees Does Valour FX Offer?
| Account Type | Target User Group | Essential Characteristics | Applicability Notes |
|---|---|---|---|
| Retail Account | Beginners and retail traders | Low minimum deposit, user-friendly platform | Suitable for small-scale trading |
| Professional Account | Experienced traders | Access to higher leverage and tighter spreads | Requires proof of trading experience |
| Corporate Account | Corporate clients | Customized trading solutions and account management | Requires corporate documentation |
| Islamic Account | Traders requiring Sharia-compliant options | Swap-free trading conditions | Eligibility based on religious requirements |
| Demo Account | New traders | Practice trading without financial risk | Limited time use, no real funds involved |
Account Opening Process
Opening an account with Valour FX involves several straightforward steps. First, prospective traders must provide personal information, including their name, address, and contact details. Next, employment information will be required to verify the applicant’s financial background. After that, interested individuals must submit financial information to assess their trading experience and capacity. Identity verification is essential, requiring an official ID and proof of address, such as a utility bill. Valour FX offers account flexibility, allowing traders to upgrade to a professional account later if their trading volume or experience warrants it.
Trading Fees
| Product | Spread (pips) | Commission | Notes |
|---|---|---|---|
| Forex (EUR/USD) | 0.8 | $0 (ECN: $3.5/lot) | Tight spreads for majors |
| Forex (GBP/USD) | 1.0 | $0 (ECN: $3.5/lot) | Competitive for major pairs |
| CFDs (Stocks) | 1.5 | $0 (ECN: $4/lot) | Varies with stock volatility |
| CFDs (Indices) | 2.0 | $0 (ECN: $4/lot) | Spreads may widen during market events |
| CFDs (Commodities) | 2.5 | $0 (ECN: $4/lot) | Fixed spreads apply |
| Cryptos (BTC/USD) | 1.0% | 0.1% | Variable depending on volatility |
Other Fees
In addition to trading fees, Valour FX may impose various other costs. Deposit and withdrawal fees vary depending on the payment method chosen, with bank transfers generally being free while credit card transactions may incur a fee. An inactivity fee may be charged if the account remains dormant for an extended period. Platform usage fees are not applicable; however, overnight interest (swap rates) may apply to positions held overnight. Additionally, currency conversion fees can arise when trading in currencies other than the account’s base currency.
Trading Platforms and Apps
What Trading Platforms and Apps Does Valour FX Offer for Traders?
| Platform | Device Support | Key Features | Additional Services |
|---|---|---|---|
| MT4 | Windows, macOS, iOS, Android | 2FA, encrypted login, multiple order types, technical indicators, economic calendar | None |
| Web Version | Windows, macOS, iOS, Android | Encrypted login, symbol lookup, price alerts, push notifications | None |
| Mobile App | iOS, Android | Biometric login, one-click trading, real-time alerts | None |
The MT4 platform is ideal for traders looking for a robust trading interface with comprehensive analytical tools. The web version offers flexibility, allowing access from any browser without the need for installation. The mobile app provides convenience for trading on the go with secure logins and instant notifications. Valour FX supports mobile trading through a dedicated app, ensuring fast order execution and efficient market search tools while maintaining security through multiple login methods.
Deposit and Withdrawal
Deposit and Withdrawal Options
| Payment Method | Processing Time | Fees | Limits | Base Currency Options |
|---|---|---|---|---|
| Bank Transfer | Deposit: 1-3 days, Withdrawal: 2-5 days | Usually free, but banks may charge a fee (USD 15-30 for international wires) | Min Deposit: 100 USD, Max Withdrawal: 50,000 USD/day | USD, EUR, GBP, JPY, AUD |
| Credit/Debit Card | Deposit: Instant, Withdrawal: 1-3 days (after verification) | No platform fees, but cash advance fees may apply | Min Deposit: 100 USD, Max Withdrawal: 10,000 USD/transaction | USD, EUR, GBP |
| E-wallets (Skrill, etc.) | Deposit: Instant, Withdrawal: Same day | No platform fees, but e-wallet fees may apply (1-2%) | Min Deposit: 50 USD, Max Withdrawal: 10,000 USD/transaction | USD, EUR, GBP |
| Local Payment Methods (UnionPay, etc.) | Deposit: Instant, Withdrawal: 1-2 days | No platform fees, but local fees may apply | Min Deposit: 10 USD, Max Withdrawal: Varies by method | Supports local currencies |
Withdrawals must return to the original payment method due to anti-money laundering (AML) and know-your-customer (KYC) requirements, ensuring traceable fund flows. First-time large withdrawals (typically over 2,000 USD) require identity documents (passport) and address proof (utility bill), with additional scrutiny for suspicious transactions.
Payment methods may vary by region; for example, Southeast Asian users may prefer GrabPay or local bank transfers, while European clients often use SEPA transfers. US users cannot use Skrill, and some Middle Eastern countries limit PayPal. Local advantages include partner banks in Japan offering zero-fee transfers.
Cost Optimization Tips
- Small Deposits (<1,000 USD): Prioritize e-wallets or credit cards for instant, fee-free deposits.
- Large Deposits (>5,000 USD): Use bank transfers or SEPA for a lower total cost despite slower processing times.
- Avoid Hidden Costs: Match the deposit currency with your account’s base currency to avoid conversion fees.
- Multi-base Currency Accounts: Select brokers with several base currency options to minimize cross-currency fees.
How to Withdraw
To withdraw funds, log into your account and navigate to the withdrawal section. Select your preferred payment method and enter the amount you wish to withdraw. Complete any required identity verification processes as outlined, ensuring that all documents are submitted for approval. Note that withdrawal requests are subject to processing times and may require additional checks for larger amounts.
Customer Support
Valour FX Customer Support Overview
Support Channels
Valour FX offers multiple channels for customers to reach out for support. These include:
- Email: Customers can contact Valour FX at help@vg-fx.com for assistance with their inquiries.
- Live Chat: The platform provides live chat support, allowing customers to get real-time help with their issues.
- Telephone: For immediate assistance, customers can call Valour FX at +44 2036082021.
- Social Media: Valour FX is also present on various social media platforms, where customers can engage and seek support.
Service Availability
Valour FX’s customer service is available 24/5, ensuring that traders can receive help during the trading week. The support team is multilingual, offering assistance in several languages to cater to a diverse clientele.
Additional Resources
To enhance the trading experience, Valour FX provides various educational resources, including:
- Video tutorials that cover platform navigation and trading strategies.
- Webinars featuring market analysis and trading tips.
- Regular updates on market trends and trading signals to help clients make informed decisions.
Valour FX is committed to providing excellent customer service, ensuring that all inquiries are addressed promptly and effectively.
Frequently Asked Questions
Valour FX was previously regulated by the Vanuatu Financial Services Commission (VFSC); however, their license has been revoked. This means they currently do not have valid regulatory oversight, which significantly increases the risks associated with trading through this broker.
Valour FX offers trading with a minimum deposit of $100 and leverage up to 1:500. However, they have fixed spreads starting from 2.5 pips, which are considered high compared to other brokers. Additionally, they do not provide demo accounts for practice trading.
Due to the revoked VFSC license, Valour FX lacks proper regulatory oversight that typically provides assurance regarding the security of client funds. It is advisable to exercise caution when trading with them, as there are no additional measures mentioned for fund protection.
Valour FX supports the popular MT4 trading platform, which offers a user-friendly interface and is favored by many traders. However, their website has been reported as inaccessible, which may indicate potential issues with user experience and support.
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Risk Disclosure
Trading forex/CFDs via brokers carries high risks, including potential total loss. For any data changes, please refer to the latest information on the brokers' official websites. Trade with caution and seek independent advice.