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Velocity Trade

Australia|15-20 years|
Regulated in United Kingdom|Straight Through Processing(STP)|MT4/5 full license|Regional Brokers|Suspicious Overrun|High potential risk|

https://velocitytrade.com/

Website

Rating Index

MT4/5 Identification

MT4/5

Full License

VelocityTrade-Demo

United States
MT4
2

Influence

C

Influence index NO.1

Poland 3.34

MT4/5 Identification

MT4/5 Identification

Full License

2
Server Name
VelocityTrade-Demo MT4
Server Location United States

Influence

Influence

C

Influence index NO.1

Poland 3.34

Surpassed 24.06% brokers

Biz AreaSearch StatisticsAdvertisingSocial Media Index

Contact

+44 20 3355 6336
sales-uk@velocitytrade.com
https://velocitytrade.com/
Second Floor, Queen’s House, 8-9 Queen Street, Cheapside, London, England EC4N 1SP, United Kingdom

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

Open Now

Contact number

English

+44 20 3355 6336

English

+1 416 855 2800

Broker Information

More

Company Name

Velocity Trade Limited

Company Abbreviation

Velocity Trade

Platform registered country and region

Australia

Company website

Pyramid scheme complaint

Expose

Check whenever you want

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WikiFX Risk Alerts 4
Previous Detection : 2024-03-03
  • The number of this brokers's negative field survey reviews has reached 1. Please be aware of the risk and the potential scam!
  • This broker exceeds the business scope regulated by New Zealand FSPR(license number: 20003)Financial Service Providers Register Non-Forex License. Please be aware of the risk!
A Visit to Velocity Trade in UK -- Office Confirmed Existed

A Visit to Velocity Trade in UK -- Office Confirmed Existed

The survey team went to London, UK, to visit the the dealer Velocity Trade and found the logo of dealer on the exhibition address, which indicated that the office of Velocity Trade did exist. However, the team was unable to enter the dealer's office so that the office scale and operation condition of which remained unknown. Please be prudent when trading with this broker.

Good Velocity Trade United Kingdom
Visiting Velocity in Australia, Office Exists

Visiting Velocity in Australia, Office Exists

A field survey confirmed that the actual address of Velocity was consistent with where the company claims to be located. The broker claims to hold a financial service license from the New Zealand FSPR (20003), an investment advisory license from the Australian ASIC (329813) and an investment advisory license from the UK FCA (497263).

Good Velocity Trade Australia
A Visit to Velocity in New Zealand - Fake Address

A Visit to Velocity in New Zealand - Fake Address

It is ascertained by the investigation staff that the address of Velocity is inconsistent with that from the regulatory information. The broker overruns the business scope regulated by New Zealand FSPR licence(No.20003), ASIC Financial Advisor licence(No.329813) and FCA Financial Advisor licence(No.497263).

Danger Velocity Trade New Zealand
A Visit to Velocity Trade in UK -- Office Confirmed Existed

A Visit to Velocity Trade in UK -- Office Confirmed Existed

The survey team went to London, UK, to visit the the dealer Velocity Trade and found the logo of dealer on the exhibition address, which indicated that the office of Velocity Trade did exist. However, the team was unable to enter the dealer's office so that the office scale and operation condition of which remained unknown. Please be prudent when trading with this broker.

Good Velocity Trade United Kingdom
Visiting Velocity in Australia, Office Exists

Visiting Velocity in Australia, Office Exists

A field survey confirmed that the actual address of Velocity was consistent with where the company claims to be located. The broker claims to hold a financial service license from the New Zealand FSPR (20003), an investment advisory license from the Australian ASIC (329813) and an investment advisory license from the UK FCA (497263).

Good Velocity Trade Australia
A Visit to Velocity in New Zealand - Fake Address

A Visit to Velocity in New Zealand - Fake Address

It is ascertained by the investigation staff that the address of Velocity is inconsistent with that from the regulatory information. The broker overruns the business scope regulated by New Zealand FSPR licence(No.20003), ASIC Financial Advisor licence(No.329813) and FCA Financial Advisor licence(No.497263).

Danger Velocity Trade New Zealand

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Velocity Trade · Company Summary

Company Summary

Company profile

General Information & Regulation

Founded in 2007, Velocity Trade is headquartered in Australia, with offices in Europe, North America, and Africa, providing services to users from Canada, South Africa, and many European countries. The different entities of Velocity Trade are regulated in various jurisdictions as follows: Velocity Trade International Limited - authorized by FCA (UK) registration no. 497263;

Velocity Trade Limited - authorized by ASIC (Australia) registration ABN 75 131 876 698; Velocity Trade Limited - authorized by FMA (New Zealand) .

Market Instruments

Tradable financial assets offered by Velocity Trade to investors include Forex currency pairs, metals, energy, cryptocurrencies, UK stocks, etc.

Velocity Trade Minimum Deposit

Velocity Trade does not requires any minimum initial deposit for starting trading, which sounds a good option for most traders to get started.

Spreads & Commissions

Velocity Trade offers a spread of 3 pips on the EURUSD, much higher than the industry standard, and a large number of Forex brokers offer spreads between 1.1 and 1.5 pips on the EURUSD.

Trading Platforms

Velocity Trade offers traders the most popular MT4 trading platform in the world, which is now one of the most respected trading platforms in the world, with powerful charting tools, analytical tools, and a large number of custom technical indicators that allow traders to create accurate charts and analyze every aspect of the market, greatly improving trading performance.

Velocity Trade Trading Tools

Velocity Trade offers a tailored technological solution on a client-by-client basis, and they provide dedicated, ultra-low latency servers in either LD4 or NY4 from which they offer direct API or GUI access. They also offer MAM/PAMM accounts for account managers.

Deposit & Withdrawal

Velocity Trade only supports traders to deposit and withdraw funds to their investment accounts via bank cards and Neteller.

Velocity Trade Customer Support

The Velocity Trader customer support team can be reached through telephone, email and live chat. However, its service hour is not fully disclosed. Many brokers' service support can be available 24/7.

News

Velocity Trade Secures Singapore MAS Capital Markets Services License

NewsVelocity Trade Secures Singapore MAS Capital Markets Services License

2023-12-28 17:09

Velocity Trade secures Singapore MAS Capital Markets Services License, enhancing its global financial presence and compliance.

WikiFX
2023-12-28 17:09
News
Velocity Trade Secures Singapore MAS Capital Markets Services License
Velocity Trade Has Been Added To TradingView's List Of Integrated Brokers

NewsVelocity Trade Has Been Added To TradingView's List Of Integrated Brokers

2022-11-22 18:22

Velocity Trade, TradingView's first-ever integrated broker from South Africa, has been added to the company's roster of approved partners.

WikiFX
2022-11-22 18:22
News
Velocity Trade Has Been Added To TradingView's List Of Integrated Brokers
WIKIFX REPORT: FINCLEAR GROWS CLEARING BUSINESS WITH VELOCITY TRADE

NewsWIKIFX REPORT: FINCLEAR GROWS CLEARING BUSINESS WITH VELOCITY TRADE

2022-08-04 14:32

The Australian financial technology company, FinClear, today announced that it will provide third-party clearing services to global broker-dealer Velocity Trade.

WikiFX
2022-08-04 14:32
News
WIKIFX REPORT: FINCLEAR GROWS CLEARING BUSINESS WITH VELOCITY TRADE
WIKIFX REPORT: Velocity Trade Selects Integral For FX Technology

NewsWIKIFX REPORT: Velocity Trade Selects Integral For FX Technology

2022-06-02 14:02

Integral, a major FX technology provider, said today that Velocity Trade, an international broker dealer, has chosen it to use its workflow automation and trading technology across its eFX and CFD trading network.

WikiFX
2022-06-02 14:02
News
WIKIFX REPORT: Velocity Trade Selects Integral For FX Technology

User Reviews

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User comment

4

Comments

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push,
more than one year
How weird is this Velocity Trade! Agents on this platform tried very hard to induce me to invest here. But the truth is that this company is not transparent at all. I cannot find any details about its trading fees!
2023-02-24 15:51
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0
0
Randy
more than one year
Velocity Trade does not require any minimum initial deposit to start trading, providing the most popular MT4 trading platform in the world! I really like these two points. But it only supports bank cards and Neteller for deposits and withdrawals.
2022-11-25 16:57
Reply
0
0
Hamoudy Ibert
more than one year
EUR/USD Spread is too wide! 3 pips! That’s horrible! The industry average is just 1.5 pips, why the spread here is so high? Deposits and withdrawals options are also too limited.
2022-11-22 15:16
Reply
0
0
Camellia Lee
more than one year
My advice is to choose a more strictly regulated broker, this one is not a good choice… its official website is not easy to pinpoint, lacking of some essential information, trading fees, trading software… I would not invest with it😒
2022-11-22 11:30
Reply
0
0
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