Velocity Trade Review

Broker: Velocity Trade

Leverage: 1:30 | 1:200 | 1:400

Regulation: ASIC, FCA, IIROC, FMA, BaFIN, FSCA

Min. Deposit: 0 US$

HQ: UK, Canada, Australia

Platforms: MT4 and PFSOFT

Found In: 2007

Website: velocitytrade.com

Velocity Trade Licences

  • Velocity Trade International Limited is authorized by FCA (UK), registration number. 497263

  • Velocity Trade Limited is authorized by FMA New Zealand registration number. FSP20003

  • Velocity Trade Limited is authorized by ASIC Australia registration number. 329813

  • Velocity Trade Holdings Ltd. is authorized by IIROC Canada

  • VTC Europe B.V. is authorized by BaFIN (Germany), registration number. FSP No. 43295

  • Velocity Trade Financial Services Ltd. - Authorized by FSCA (South Africa) Registration No.



What is Velocity Trade?

Velocity Trade is an international brokerage firm. It delivers its trading environment through a variety of global entities that are located in the major jurisdictions around the globe. These entities include offering that is available in Australia, Canada and South Africa.

Overview

Velocity Trade offers transparent trading and high quality trading conditions due to DMA access and regulation. Trading technology is excellent and there are many options for platforms.


The negative aspects of the situation are that costs may be higher than industry.


Pros

  • Well-regulated by multiple regulatory entities

  • Keeps client funds in segregated accounts

  • Part of a Global Group

  • Adequate portfolio of financial instruments

  • Islamic Account option offered


Cons

  • High spreads

  • No information on trading or non-trading fees

  • No education

  • No research

  • Limited payment methods

  • No demo account


Rating of the company overall

  • Reliability ⭐⭐⭐⭐⭐

  • Platform ⭐⭐⭐⭐⭐

  • Commissions ⭐⭐⭐⭐

  • Support ⭐⭐⭐⭐⭐

  • Financial instruments ⭐⭐⭐⭐

RATING: 4.6


Specifications

What kind of broker is Velocity?

Although the broker was founded in 2007, it still has a strong trading capability and is a trusted partner for many traders and institutions. STP is the execution model. It allows for investment independence and unrivalled performance.

Is Velocity trade a scam or safe?

Because of its top-tier regulations, Velocity trade is a trustworthy company to trade with. We discovered that Velocity Trade is more than a broker in one entity. It is a global trading provider and holds multiple licenses from internationally recognized authorities.


These registrations include the FCA from UK, Australian ASIC and Canadian IIROC, as well as FMA from New Zealand, South Africa FSCA, South Africa FSCA, and FMA from New Zealand. The link will allow you to learn more about why ASIC-regulated brokers are best for trading.

According to the regulatory requirements Velocity trade must adhere in every jurisdiction where it provides service, there are many outcomes when it comes to how the company manages clients funds or operates a business.


Although each jurisdiction may offer slightly different trading conditions, or allow, regulated, options, all concerned are traders' security and integrity, as well as reputable, transparent investments for all parties.

Leverage

You will have the opportunity to leverage your positions in the reverse when trading with Velocity trade, which can give you additional exposure to the markets.

But, it is important to learn how to leverage effectively. Velocity Trade is required to comply with various regulatory requirements. However, there are different levels and types of leverage available in each jurisdiction where Velocity Trade operates.


Contact support at any stage of your trading for more information.

  • Due to recent restrictions, you will generally use a lower leverage limit of 1:30 if you trade with the UK entity.

  • An Australian broker offers high leverage levels such as 1:200 or 1:400, but not 1:500.

  • New Zealand and South Africa may also offer levels of up to 1:200.

  • While Canadian entities will limit you to 1:40

Instruments

A group of companies Velocity trade combined in allows international trading. This allows currency, equity, and more trading. It also offers commodity and other trading options through an extensive risk management system that offers greater opportunities than traditional models.


Velocity trade offers trading access to more than 40 exchanges including the US, Canada, and South Africa markets. This allows you to maintain global exposure by trading in the market you wish to trade.

Types of accounts

There are no specific conditions for any account, the differences between offers refer to Velocity Trade entity you are going to trade . This happens because of regulatory restrictions, requirements, and specified conditions. It is best to contact customer support before you sign up and receive all details regarding trading according to your residency.

Fees

The bulk of Velocity Trade fees is included in a commission fee. Velocity trade spreads are determined by where you trade, since different exchanges may have slightly different conditions.

Spread Velocity Trade

Velocity trade spreadsare determined by where you trade, as different exchanges have slightly different conditions. The spread offered for EUR/USD pair averages to 3 pips.There might also be additional commission charges due DMA market access, which can also be defined by Velocity Trade with whom you work. The broker will also mention that it can tailor a solution to your trading style and needs.


Nevertheless, you can view the trading fees of other brokers FP Markets for your information.


Corporate clients and managers also have access to a wide range of MAM accounts with great performance and unique possibilities. For day trading only, there's an option to open an account that is swap-free.

Trade Platforms

Velocity trade has chosen metaTrader4 to be its execution software industry leader which is no surprise considering the powerful MT4 capabilities as well as a wide range of features.


VT also offers investment opportunities, such as Capital Raising, Advisory, Investment Organization solutions for both private and public capital markets. These options give clients additional tools that allow them to improve traditional trading.


MT4 provides a wide range of instruments, industry-leading technology optimization and a smooth trading process. VT also executes trading via NY5 and LD4 engines using ECN style.


This means that you can trade through a dark pool or non-bank liquidity access, offering unique opportunities. Velocity trade, which offers a wide range of assets, allows you to trade OTC vanilla options as well as precious metals all delivered with great support by global offices of VT.


Velocity trade partners with TMX insight alliance to provide FX and Equity data analysis.


What funding methods does Velocity Trade use?

Once you have signed up for a live account you can manage your money and make transfers through your online account. You can choose from a variety of payment options. Velocity Trade doesn't provide any information about the payment options available to customers.

Minimum deposit for Velocity Trade

Velocity Trade doesn't require a minimum deposit. It is also a Velocity condition, which allows the company to offer customized solutions depending on the client's need, size of operation, instrument, and, of course, the entity region.

Velocity Trading Minimum Deposit vs Other Brokers

Velocity Withdrawal

The Bank Transfer Velocity Withdrawal option, which is still the most trusted and popular option, is still considered to be the best. Brokers do not charge fees for their services, but banks may add some fees to your account.

Conclusion

We concluded Velocity Trade Review. Although we didn't find any details regarding trading conditions from the broker, the company appears to be a trustworthy brokerage firm. It is not only licensed in one entity, but also in many of the world's most prestigious financial centers, which indicates a solid establishment base. It is evident that Velocity Trade serves corporations and institutions due to its extensive development of procedures as well as specially designed products. We believe Velocity Trade may be a good opportunity for traders with larger trading volumes or who are already experienced in Forex trading. Beginners should look at other brokers.