Velocity Trade Overview:
- Regulated: N/A
- Head Country: Cyprus
- Min $500 Deposit
- Operating Since: 2016
- Type: Market Maker
- Spread: Variable
- Commission: N/A
- Platforms: Videforex, Web, Mobile
- Funding: Wire Transfer, Credit/Debit Cards, Bitcoin, Ethereum, Litecoin, Altcoins, Neteller, Skrill, Perfect Money
- Spread: Variable
Velocity Trade Review
Founded in 2007, Velocity Trade is a leading global broker dealer combining execution with leading technology to serve international institutional clients. The brokerage brand operates as independent but affiliated entities with offices around the world, and they offer a plethora of financial services – from corporate finance and advisory to brokerage services.
In this detailed Velocity Trade review, our online broker research team has covered some of the most important aspects for you to consider when choosing the best broker for your online trading needs.
Velocity Trade Overview
Velocity Trade is a leading full-service financial services provider that offers corporate finance, advisory, corporate broking, sales & trading, and research services to clients around the world through its independent entities. They offer access to over 40 exchanges globally.
Velocity Trade Regulation
The different entities of Velocity Trade are regulated in various jurisdictions as follows:
- Australia: ASIC, ASX
- New Zealand: FMA
- Canada: IIROC, TSX
- UK: FCA, LSE
- Netherlands: AFM
- South Africa: FSCA, JSE
Velocity Trade Countries
The broker serves clients from different parts of the world through their various entities. However, their services are not meant for jurisdictions where such services are prohibited by local laws.
Some Velocity Trade features and products mentioned within this Velocity Trade review may not be available to traders from specific countries due to legal restrictions.
Velocity Trade Trading Tools
The broker 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.
Velocity Trade Education
Velocity Trade provides institutional clients with original market commentary and differentiated research on the mining sector. In addition to publishing insightful reports and newsflashes that cover active corporate events, the broker keeps clients on top of corporate and market developments through hosted events with mining industry leaders.
Velocity Trade Instruments
Velocity Trade’s offerings include deliverable FX, equities, commodities, futures, and margin products, including Spot FX, FWDs & NDFs, Options (Vanilla & Exotic), and CFDs. Velocity Trade provides institutions and corporations access to FX liquidity and trading services.
Velocity Trade Accounts & Fees
The broker’s website does not specify the account types, as different entities of Velocity Trade organize their account types differently, in accordance with the local regulatory restrictions, requirements, and conditions.
Also, it is expected that the type of account you open would depend on the type of service you are interested in. Hence, it is better to contact customer service to receive all trading details according to your residence.
As broker fees can vary and change, there may be additional fees that are not listed in this Velocity Trade review. It is imperative to ensure that you check and understand all of the latest information before you open a Velocity Trade broker account for online trading.
Velocity Trade Support
Velocity Trade provides unique customer support services via email, telephone, and Live Chat. You can also visit any of the local offices.
Velocity Trade Deposit & Withdrawal
The acceptable payment methods depend on the Velocity Trade entity you are dealing with, but generally, they accept Bank Wire Transfer and Credit/Debit Card. Some also accept Check. Transaction fees vary.
Velocity Trade Account Opening
There is no account opening button on the broker’s website. Hence, to open an account with this broker, you would need to contact the entity that serves your country of residence to find out what is required and how to go about it.
It is imperative to ensure that when you are going through a broker application, you clearly read all of the broker’s terms, conditions, and policies. Only proceed if you fully understand and agree to them.
Velocity Trade Summary
Velocity Trade is a financial service provider with diverse services, ranging from brokerage services to corporate finance and advisory. The brand is operated by independent entities that are locally regulated in their countries of operation.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.