According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
- $0
- Proprietary platform
- ASIC
- FMA
- FSCA
- FCA
- 2017
Our Evaluation of Velocity Trade
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
Velocity Trade is a moderate-risk broker with the TU Overall Score of 5.88 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by Velocity Trade clients on our website, Traders Union expert Anton Kharitonov recommends users to thoroughly analyze pros and cons before opening an account with this broker as not all clients are satisfied with the company, according to reviews.
Velocity Trade is a broker for financial institutions willing to expand the range of services that it provides, such as access to global order execution and its business development consulting services.
Brief Look at Velocity Trade
Velocity Trade is an international brokerage company that has been providing financial services since 2007. The range of services includes comprehensive brokerage solutions, commission management, creation of trading terminals, access to the Forex market and 40 international exchanges, as well as consulting and financial services. The range of trading instruments available includes currency pairs, stocks, futures, options, commodities, CFDs, FX Spot, and others. Companies from different countries can become Velocity Trade clients because Velocity Trade is licensed on 5 continents. The broker is authorized and regulated by the Australian ASX and ASIC (329813); Canadian IIROC, CIPF, and TMX; European AFM; South African FSCA (43295) and STRATE; British FCA (497263); and the New Zealand FMA (FSP20003).
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- The company cooperates with clients worldwide.
- It offers a large number of trading instruments.
- The broker is regulated and licensed in 6 regions.
- The company offers comprehensive solutions for its clients.
- Trading terms of cooperation are discussed with each client on an individual basis.
- The company provides high asset liquidity, including margin instruments.
- The broker has about 10 offices in various countries.
- The company doesn’t offer financial services to private traders.
- Bonuses and affiliate programs are not provided.
- Not any organization can become a Velocity Trade client because the broker reserves the right to reject an application for cooperation.
TU Expert Advice
Financial expert and analyst at Traders Union
Velocity Trade is a solution for those companies that are ready to provide brokerage services. Velocity Trade's activities are aimed at developing the clients' business, advising, and helping to organize the workflow. The company's clients get around-the-clock access to trading 6 days a week, a range of trading instruments from different groups, 40 exchanges, and global execution.
The broker provides access to complex solutions, including administration, optimization of the broker's workflow, and the creation of individual trading platforms. Also, Velocity Trade provides consulting, sales, trading, research, and financial solutions. It also offers currency pairs, stocks, futures, CFDs, commodities, options, margin instruments, and fixed income assets as trading instruments.
Initially, it should be noted that Velocity Trade offers access to the Forex market, but only to financial institutions. You can't just open a standard account and start trading with Velocity Trade. The broker also doesn’t cooperate with all companies, so a potential client can apply for cooperation, while Velocity Trade has the right not to accept this request. There is no list of requirements for potential clients on the company's website.
Velocity Trade Trading Conditions
| 💻 Trading platform: | Proprietary trading platforms are available in the form of a desktop application on a PC, a web version, and a mobile application |
|---|---|
| 📊 Accounts: | Real account |
| 💰 Account currency: | Multicurrency accounts |
| 💵 Deposit / Withdrawal: | Discussed individually |
| 🚀 Minimum deposit: | $1 |
| ⚖️ Leverage: | From 1:1 |
| 💼 PAMM-accounts: | No |
| 📈️ Min Order: | No |
| 💱 EUR/USD spread: | 0,1 pips |
| 🔧 Instruments: | Forex, stocks, metals, commodities, fixed income assets, margin instruments, vanilla and exotic options, futures, CFDs, FWD, NDF, Spot FX |
| 💹 Margin Call / Stop Out: | No |
| 🏛 Liquidity provider: | VelocityTrade is a broker |
| 📱 Mobile trading: | Yes |
| ➕ Affiliate program: | No |
| 📋 Order execution: | Global execution |
| ⭐ Trading features: | Margin trading instruments are available |
| 🎁 Contests and bonuses: | No |
VelocityTrade provides its partners with access to the global market, various trading instruments, including margin assets and options. Only financial organizations willing to expand the range of their services and earn money by providing brokerage services to their clients can become a client of the company. Also, its clients get access to the broker's proprietary platform, which integrates market analysis tools and several types of orders. The broker also offers consulting services for corporations and complex solutions for their business development. To become a Velocity Trade client, send a request form to open an account. After checking your data, the company will contact you to confirm the request and continue discussing cooperation or reject the request.
Velocity Trade Key Parameters Evaluation
Video Review of Velocity Trade
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Trading Account Opening
To take advantage of the capabilities of the Velocity Trade broker, your company will have to apply for cooperation by completing the steps listed below.
Visit the broker's official website. Find the "Make Inquiry” button on the main page in the upper right corner: Click on it if you are not yet a Velocity Trade client.
Fill out the form with the following details: your full name, job title, company name, email address, telephone number, and country.
Next, indicate which Velocity Trade services you would like to use. Also, you can fill in the field "Your inquiry" to find out the information necessary for cooperation. After filling out the questionnaire, click on the "Submit Inquiry" button.
The staff of Velocity Trade will contact you after reviewing your request.
Regulation and safety
Velocity Trade has a safety score of 10/10, which corresponds to a High security level. The safest brokers are those with Tier-1 regulation, a long history (over 10 years in the market), and participation in investor compensation schemes.
- Tier-1 regulated
- Negative balance protection
- Regulated in the UK
- Track record over 8 years
- Strict requirements and extensive documentation to open an account
Velocity Trade Regulators and Investor Protection
| Abbreviation | Full Name | Country of regulation | Investor Protection Fund | Regulation Level |
|---|---|---|---|---|
 FCA UK |
Financial Conduct Authority | United Kingdom | Up to £85,000 | Tier-1 |
 ASIC |
Australian Securities and Investments Commission | Australia | No specific fund but has stringent consumer protection | Tier-1 |
 MAS |
Monetary Authority of Singapore | Singapore | No specific fund | Tier-1 |
 FSCA SA |
Financial Sector Conduct Authority of South Africa | South Africa | No specific fund | Tier-2 |
 FMA NZ |
Financial Markets Authority of New Zealand | New Zealand | No specific fund | Tier-2 |
Velocity Trade Security Factors
| Foundation date | 2017 |
| Negative balance protection | Yes |
| Verification (KYC) | Yes |
Commissions and fees
The trading and non-trading commissions of broker Velocity Trade have been analyzed and rated as Low with a fees score of 8/10. Additionally, these commissions were compared with those of the top two competitors, Pepperstone and OANDA, to provide the most comprehensive information.
- Low Forex trading fees
- Tight EUR/USD market spread
- No inactivity fee
- No deposit fee
- No withdrawal fee
- Complex fee structure
Trading Fees and Spread
Below, we evaluated and compared the trading commissions of Velocity Trade with those of two competitors. We focused on the spreads and other transaction fees directly associated with executing trades (e.g commission per lot on an ECN account). This comparison aimed to provide a clear understanding of the cost efficiency of each broker.
Standard Account Spread
For Standard accounts, Velocity Trade’s commissions are part of the floating spread, which varies with market conditions. Typical values are provided, but during high volatility, the spread may exceed these.
Velocity Trade Standard spreads
| Velocity Trade | Pepperstone | OANDA | |
| EUR/USD min, pips | 0,2 | 0,5 | 0,1 |
| EUR/USD max, pips | 0,5 | 1,5 | 0,5 |
| GPB/USD min, pips | 0,2 | 0,4 | 0,1 |
| GPB/USD max, pips | 0,5 | 1,4 | 0,5 |
RAW/ECN Account Commission And Spread
The spread on ECN/RAW accounts is market-based and fluctuates, with average values given during active hours. It may vary during volatility spikes. A commission per lot is also charged.
Velocity Trade RAW/ECN spreads
| Velocity Trade | Pepperstone | OANDA | |
| Commission ($ per lot) | 5 | 3 | 3,5 |
| EUR/USD avg spread | 0,1 | 0,1 | 0,15 |
| GBP/USD avg spread | 0,15 | 0,15 | 0,2 |
Non-Trading Fees
We conducted a detailed analysis of the non-trading fees associated with Velocity Trade. This review offers a comprehensive overview of the additional costs that may impact traders beyond regular trading activities.
Velocity Trade Non-Trading Fees
| Velocity Trade | Pepperstone | OANDA | |
| Deposit fee, % | 0 | 0 | 0 |
| Withdrawal fee, % | 0 | 0 | 0 |
| Withdrawal fee, USD | 0 | 0 | 0-15 |
| Inactivity fee ($, per month) | 0 | 0 | 0 |
Account types
Corporations and other registered organizations from any country where brokerage activities are permitted can become Velocity Trade clients.
Types of accounts:
The company doesn’t provide demo accounts or direct access to the markets for private traders; therefore, there it has no virtual accounts.
The Velocity Trade trading terms are not universal, so you can choose from one of its customized services.
Deposit and withdrawal
Velocity Trade received a Medium score for the efficiency and convenience of its deposit and withdrawal processes.
Velocity Trade provides a reasonable range of deposit and withdrawal options with moderate fees, in line with industry standards.
- Bank wire transfers available
- No withdrawal fee
- Bank card deposits and withdrawals
- Low minimum withdrawal requirement
- Only major base currencies available
- PayPal not supported
- BTC not available as a base account currency
What are Velocity Trade deposit and withdrawal options?
Velocity Trade provides a basic range of deposit and withdrawal options, covering essential methods in line with industry standards. This set of options is sufficient for most traders, with available methods Bank Card, Bank Wire.
Velocity Trade Deposit and Withdrawal Methods vs Competitors
| Velocity Trade | Plus500 | Pepperstone | |
| Bank Wire | Yes | Yes | Yes |
| Bank card | Yes | Yes | Yes |
| PayPal | No | Yes | Yes |
| Wise | No | No | No |
| BTC | No | No | No |
What are Velocity Trade base account currencies?
A wide range of base account currencies minimizes the need for currency conversion, potentially reducing transaction costs for clients worldwide. Velocity Trade supports the following base account currencies:
What are Velocity Trade's minimum deposit and withdrawal amounts?
The minimum deposit on Velocity Trade is $500, while the minimum withdrawal amount is $1. These minimums may vary depending on the chosen account type and payment method. For specific details, please contact Velocity Trade’s support team.
Markets and tradable assets
Velocity Trade offers a limited selection of trading assets compared to the market average. The platform supports 200 assets in total, including 70 Forex pairs.
- Commodity futures are available
- Indices trading
- ETFs investing
- Limited asset selection
- Crypto trading not available
Velocity Trade Supported markets vs top competitors
We have compared the range of assets and markets supported by Velocity Trade with its competitors, making it easier for you to find the perfect fit.
| Velocity Trade | Plus500 | Pepperstone | |
| Currency pairs | 70 | 60 | 90 |
| Total tradable assets | 200 | 2800 | 1200 |
| Stocks | Yes | Yes | Yes |
| Commodity futures | Yes | Yes | Yes |
| Crypto | No | Yes | Yes |
| Stock indices | Yes | Yes | Yes |
| Options | Yes | Yes | No |
Investment options
We also explored the trading assets and products Velocity Trade offers for beginner traders and investors who prefer not to engage in active trading.
| Velocity Trade | Plus500 | Pepperstone | |
| Bonds | Yes | No | No |
| ETFs | Yes | Yes | Yes |
| Copy trading | Yes | No | Yes |
| PAMM investing | No | No | Yes |
| Managed accounts | No | No | No |
Customer support
If you have any questions regarding cooperation, please contact the broker in one of the convenient ways listed below.
Advantages
- The company offers telephone and fax numbers to customers from different parts of the world
- You can contact Velocity Trade in several convenient ways
- Velocity Trade has walk-in offices in several countries
Disadvantages
- There is no online chat.
- The company doesn’t indicate the working hours of its support services
This broker provides the following communication channels for its clients:
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call using phone numbers indicated on the site;
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send a fax;
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write an email;
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visit one of the broker's offices in different regions of the world.
Contacts
| Foundation date | 2017 |
|---|---|
| Registration address | Second Floor, Queen’s House, 8-9 Queen Street, Cheapside, London, England EC4N 1SP, United Kingdom |
| Regulation | ASIC, FMA, FSCA, FCA |
| Official site | https://velocitytrade.com/ |
| Contacts |
+44 20 3355 6336
|
Education
Velocity Trade is a broker for large corporations and organizations and doesn’t offer training materials on Forex trading.
Velocity Trade doesn’t provide cent or virtual accounts.
Comparison of Velocity Trade with other Brokers
| Velocity Trade | Bybit | Eightcap | XM Group | NPBFX | 4XC | |
| Trading platform |
Proprietary Mobile app, Proprietary portal, Proprietary platform | MetaTrader5 | MT4, MT5, TradingView | MT4, MT5, MobileTrading, XM App | MT4 | MT5, MT4, WebTrader |
| Min deposit | $1 | No | $100 | $5 | $10 | $50 |
| Leverage |
From 1:1 to 1:1 |
From 1:1 to 1:500 |
From 1:30 to 1:500 |
From 1:1 to 1:30 |
From 1:200 to 1:1000 |
From 1:1 to 1:500 |
| Trust management | No | No | No | No | No | Yes |
| Accrual of % on the balance | No | No | No | No | No | No |
| Spread | From 0.1 points | From 0 points | From 0 points | From 0.8 points | From 0.4 points | From 0 points |
| Level of margin call / stop out |
1% / 1% | No / 50% | 80% / 50% | 100% / 50% | No / 30% | 100% / 50% |
| Order Execution | Market Execution | Market Execution | Market Execution | Market Execution | Instant Execution, Market Execution | Market Execution |
| No deposit bonus | No | No | No | No | No | $50 |
| Cent accounts | No | No | No | No | No | No |
Detailed Review of Velocity Trade
Velocity Trade is a brokerage company that cooperates with various financial institutions such as hedge funds and brokers. Account opening for private traders is not available. The broker provides clients with access to the primary and secondary markets, a range of trading instruments from different groups, consulting services, commission management, administration assistance, and complex solutions. An organization from any country can become a client if the brokerage activity is legal in such a country.
Velocity Trade by the numbers:
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The broker is represented on 5 continents.
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It has 10 offices in various countries.
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The broker grants access to trading 24/6.
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It has provided financial services for over 14 years.
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The broker has over 50 years of cumulative experience in various fields.
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Velocity Trade provides access to over 40 exchanges.
Velocity Trade is a broker for companies willing to provide their clients with access to Forex trading
Velocity Trade services are helping brokers and other financial institutions by organizing each company’s trading processes and supporting technical equipment. The company provides access to 40 international exchanges and provides high liquidity. It also offers a wide range of trading instruments, including the common Forex assets, CFDs, futures, stocks, as well as options, margin instruments, and fixed income products. The broker's reliability is confirmed by the variety of licenses for the provision of financial services and regulators from multiple countries.
Also, Velocity Trade creates customized trading platforms based on regulatory requirements. Customers can optionally get a desktop application for personal computers and laptops, a web version of the terminal, and a mobile application.
Useful Velocity Trade services:
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Contact Us. Here you can find phone numbers, fax numbers, email addresses, and VelocityTrade office addresses. Numbers and addresses may vary in different countries.
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Products & Services. Here you can find the list of services offered by the company and choose the options that suit you.
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Integrated Solution. Velocity Trade offers comprehensive services for the development of clients' businesses in addition to trading instruments and providing access to the Forex market.
Advantages:
Velocity Trade is licensed and regulated by various authorities worldwide.
The company offers access to a wide range of trading instruments.
Velocity Trade provides brokerage and consulting services.
The terms of cooperation with each corporate client are discussed individually.
The company develops unique trading platforms.
The broker provides trading via a browser, PC, and mobile app.
The broker also has real offices in different countries, and you can contact it directly at one of its offices.
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