Overview of Valour FX

Valour FX is a forex and CFD broker that was founded in 2017. The company is registered in Saint Vincent and the Grenadines and is unregulated. This means that it is not subject to any financial oversight, which could pose a risk to traders.

Valour FX offers a minimum deposit of $100 and maximum leverage of 1:500. The company offers a variety of trading accounts, including Standard and ECN accounts. Both accounts offer access to the MetaTrader 4 trading platform. And it also offers a wide range of tradable assets, including forex, CFDs on stocks, indices, commodities, and cryptocurrencies. The company also offers a variety of educational resources, including webinars, e-books, and video tutorials.

Overall, Valour FX is a relatively new and unregulated forex and CFD broker. The company offers a variety of trading accounts and tradable assets, but it is important to be aware of the risks involved before trading with an unregulated broker.

Pros and Cons

Pros

• Lower fees and spreads: This means the associated costs of trading are reduced, which can increase the potential profitability for traders.

• Access to a wider range of trading products: This could allow for greater diversification of a trader's portfolio and potentially increase opportunities for profits.

• Higher leverage: While risky, higher leverage can increase potential returns on successful trades.

• No KYC or AML requirements: The absence of strict 'Know Your Customer' or Anti-Money Laundering requirements often means faster registration and less paperwork for traders.

Cons

• Unregulated and riskier: Valour FX is not regulated by any reputable financial authority comes with increased levels of risk as they don't adhere to any regulatory standards or provide adequate financial protections for their clients.

• Less customer protection: Without regulation, there's often less recourse for traders in disputes or in cases where the broker goes out of business.

• More likely to engage in fraudulent or unethical behaviour: As unregulated entities, these brokers are not accountable to regulatory bodies and may engage in practices that are harmful or unfair to traders.

• More likely to go out of business：Without the scrutiny and financial requirements of a regulatory body, unregulated brokers may have a higher risk of financial mismanagement and consequently, going out of business.

Regulatory Status

Valour FX was a forex broker that was regulated by the Vanuatu Financial Services Commission (VFSC). However, the VFSC revoked Valour FX's license due to concerns about the company's operations and financial stability.

The VFSC is a financial regulator that is responsible for overseeing the activities of financial institutions in Vanuatu. The VFSC has a number of regulations in place to protect consumers, including requirements for brokers to maintain a minimum capital adequacy ratio and to keep client funds segregated from company funds.

The VFSC's revocation of Valour FX's license means that the company is no longer authorized to operate as a forex broker in Vanuatu. This also means that Valour FX is no longer subject to the VFSC's regulations.

Market Instruments

Valour FX offers a wide range of tradable assets, including:

• Forex: Currencies such as the US dollar, euro, British pound, Japanese yen, and Swiss franc.

• CFDs on stocks: Shares of companies listed on stock exchanges around the world.

• CFDs on indices: Baskets of stocks that represent a particular sector or market, such as the S&P 500 and the Dow Jones Industrial Average.

• CFDs on commodities: Natural resources such as oil, gold, silver, and wheat.

• Cryptocurrencies: Digital currencies such as Bitcoin, Ethereum, and Litecoin.

CFDs (Contracts for Difference) are contracts between two parties to exchange the difference in the value of an underlying asset between the time the contract is opened and the time it is closed. CFDs allow traders to speculate on the price movements of various assets without having to own the underlying asset.

Account Types

Valour FX offers two types of trading accounts:

• Standard account: This account type is suitable for beginner and intermediate traders. Standard accounts offer lower spreads and leverage, as well as access to a variety of educational resources.

• ECN account: This account type is suitable for more experienced traders. ECN accounts offer tighter spreads but higher commissions.

Key differences between the Standard and ECN accounts:

How to Open an Account？

To open an account with Valour FX, follow these steps:

1. Go to the Valour FX website and click on the “Open Account” button.

2. Fill out the account opening form with your personal information, including your name, email address, and phone number.

3. Choose an account type (Standard or ECN).

4. Select a deposit method and deposit funds into your account.

5. Once your deposit has been processed, you will be able to start trading.

Leverage

Valour FX offers a maximum leverage of 1:500. Leverage is a ratio that allows traders to control a larger position with a smaller deposit. For example, a trader with a leverage of 1:500 can control a position worth $50,000 with a deposit of $100.

Leverage can amplify both profits and losses. For example, if a trader makes a 10% profit on a leveraged position, they will actually make a 500% profit on their deposit. However, if the trader makes a 10% loss on a leveraged position, they will actually lose 500% of their deposit.

It is important to note that leverage is a risky tool and should be used with caution. Traders should only use leverage if they understand the risks involved and have a solid trading plan in place.

Spreads & Commissions

Valour FX offers variable spreads on all of its trading accounts. This means that the spreads can change depending on market conditions. The spreads on Standard accounts are typically wider than the spreads on ECN accounts.

Here is a table of the typical spreads on Valour FX accounts:

Valour FX does not charge any commissions on Standard accounts. However, it does charge commissions on ECN accounts. The commission per trade is $0.75 per standard lot.

Here is a table of the typical commissions on Valour FX ECN accounts:

Traders should note that the spreads and commissions listed above are just typical examples. The actual spreads and commissions may vary depending on market conditions.

Trading Platform

Valour FX offers the MetaTrader 4 trading platform. MetaTrader 4 is one of the most popular trading platforms in the world. It is a user-friendly platform that offers a wide range of features, including:

• Technical analysis tools: MetaTrader 4 includes a variety of technical analysis tools, such as charts, indicators, and drawing tools. These tools can help traders to identify trading opportunities and make informed trading decisions.

• Charting tools: MetaTrader 4 offers a variety of charting tools, such as line charts, bar charts, and candlestick charts. These tools can help traders to visualize market movements and identify trends.

• Drawing tools: MetaTrader 4 includes a variety of drawing tools, such as lines, arrows, and Fibonacci retracements. These tools can help traders to identify support and resistance levels and make informed trading decisions.

• Automated trading capabilities: MetaTrader 4 supports automated trading through the use of Expert Advisors (EAs). EAs are computer programs that can automatically execute trades on behalf of traders.

MetaTrader 4 is a powerful and versatile trading platform that is suitable for traders of all levels of experience.

Deposit & Withdrawal

Valour FX offers a variety of payment methods, including credit/debit cards, bank transfers, and e-wallets such as Skrill, Neteller, and PayPal. This gives traders flexibility in choosing how to deposit and withdraw funds from their accounts.

Please note that some payment methods may charge their own fees for deposits and withdrawals. For example, some banks may charge a fee for international wire transfers.

Also note that Valour FX is an unregulated broker, which means that traders are at increased risk of fraud. Traders should carefully consider the risks involved before trading with Valour FX.

Customer Support

Valour FX offers customer support via the following channels:

• Live chat: Valour FX offers live chat support 24/5.

• Email: Valour FX also offers email support. The typical response time for email inquiries is 24 hours.

• Phone: Valour FX offers phone support during regular business hours.

• Social media: Valour FX also offers customer support via social media, such as Facebook and Twitter.

Traders can contact Valour FX customer support with any questions or problems they may have. The customer support team is typically responsive and helpful.

Educational Resources

Valour FX offers a variety of educational resources to help traders of all levels learn about the forex market and how to trade. These resources include:

• Forex trading guides: Valour FX offers a variety of forex trading guides on its website. These guides cover a range of topics, from the basics of forex trading to more advanced strategies.

• Video tutorials: Valour FX also offers a variety of video tutorials on its YouTube channel. These tutorials cover a range of topics, from how to open an account to how to place a trade.

• Webinars: Valour FX regularly hosts webinars on a variety of forex trading topics. These webinars are free to attend and are a great way to learn from experienced traders.

• Demo account: Valour FX offers a free demo account that allows traders to practice trading with virtual money. This is a great way to test out different strategies and learn how the forex market works without risking any real money.

Overall, Valour FX offers a variety of educational resources to help traders of all levels learn about the forex market and how to trade. These resources are comprehensive and informative, and they are a great way to get started in forex trading.

Conclusion

Valour FX, an unregulated forex broker, does offers a myriad of trading products like currencies, commodities, CFDs on stocks, and indices. They provide multiple account types, various trading platforms, and a diversity of educational resources. Notable advantages are lower fees, wider range of trading products, greater leverage, and absence of KYC or AML requirements. Conversely, the disadvantages are extreme; the platform carries more risk being unregulated, provides less customer protection, could be more likely to engage in unethical behavior or even go bankrupt.

The potential drawbacks significantly overshadow the advantages, cautioning traders against engaging with Valour FX. Therefore, it is highly recommended for traders to opt for regulated brokers that ensure greater security and protection as a more viable trading option.

FAQs

Q: What is Valour FX？

A: Valour FX is an unregulated forex broker that offers a wide range of trading products, including currencies, commodities, and CFDs on stocks and indices.

Q: Should I trade with Valour FX？

A: No. The disadvantages of trading with Valour FX far outweigh the advantages. Traders should choose to trade with regulated brokers, which offer greater protection and security.

Q: What are the risks of trading with Valour FX？

A: The risks of trading with Valour FX include fraud, lack of customer protection, and the possibility of the company going out of business.

Q: What are the alternatives to trading with Valour FX？

A: There are many regulated forex brokers that offer similar trading products and services. Traders should choose a regulated broker to minimize the risks involved in trading.

Q: What are some alternatives to Valour FX？

A: There are many regulated forex brokers that offer similar products and services to Valour FX. Some popular regulated forex brokers include IC Markets, Pepperstone, and AvaTrade.