Velocity Trade

General information and regulations of Velocity Trade

Velocity Trade is an online financial company registered in Australia and regulated by FSCA.

In the following article, we will analyze the characteristics of this broker from various aspects, providing you with simple and organized information. If you are interested, please read on.

At the end of the article, we will also briefly summarize the main advantages and disadvantages so that you can understand the broker's characteristics at a glance.

Market instruments

Forex, equities, commodities, futures, margin products, fixed income.....Velocity Trade allows clients to access such a global market.

Spreads and commissions for trading with Velocity Trade

Velocity Trade does not detail on its website additional trading costs such as spreads, commissions, SWAPs, etc. These costs are very important when calculating profits and losses, and should be considered in aggregate and not chosen in isolation. If you want to trade with Velocity Trade, we recommend that you take the time to calculate these transaction costs.

Account Types for Velocity Trade

Velocity Trade does not provide account information. Generally, Forex brokers offer several different levels of real accounts with different trading conditions (leverage, spreads, commissions, etc.) depending on the minimum deposit amount. In addition, many brokers offer demo accounts, where interested parties can trade without incurring real money losses. Due to the law prohibiting interest in the Islamic region, some brokers also offer Islamic accounts without overnight interest charges.

Trading platforms offered by Velocity Trade

Velocity Trade does not give information about its trading platform, but from the peers and the website as a whole, it should be a trading platform developed by itself.

Leverage offered by Velocity Trade

You can't find information about trading leverage on Velocity Trade's website. Some forex brokers offer leverage of up to 1:500, but newbies are advised to be cautious about such high leverage.

Deposit and withdrawal methods and fees

Velocity Trade is ambiguous about how deposits and withdrawals work. Wire transfers, MasterCard, VISA, Maestro and some e-wallet processors such as Skrill, Neteller, PayPal and others are some of the most frequent and popular payment methods handled by most Forex brokers. The speed of withdrawing funds from a forex broker is also one of the most important factors in building a broker's reputation.

Educational resources

There is no education section on the Velocity Trade website. Many brokers are able to provide a variety of educational resources such as video courses, seminars, e-books, related articles, glossaries that provide some basic knowledge about trading. This is not the case with Velocity Trade.

Customer support of Velocity Trade

Below are the details about the customer service.

Language(s): English, French

Service Hours: 24 hours live dealing desk

Email: sales-uk@velocitytrade.com

Phone Number: +44 20 3355 6336

Address: Second Floor, Queens House, 8-9 Queen Street, Cheapside, London, England EC4N 1SP, United Kingdom

Fax: +44 808 280 1961

Users exposures on WikiFX

We have not received any reports of fraudulent activity at this time. However, this does not necessarily mean that this broker is safe and you should remain vigilant to prevent being scammed.

Advantages and disadvantages of Velocity Trade

Advantages:

Well regulated

Many instruments available

Disadvantages:

Few information available

No MT4/MT5

No copy trading

Frequent asked questions about Velocity Trade

Is this broker well regulated？

Yes, it is currently effectively regulated by FSCA