Traders Union has analyzed financial markets for over 14 years, evaluating brokers based on 250+ transparent criteria, including security, regulation, and trading conditions. Our expert team of over 50 professionals regularly updates a Watch List of 500+ brokers to provide users with data-driven insights. While our research is based on objective data, we recommend that users perform independent due diligence and consult official regulatory sources before making any financial decisions.
Learn more about our methodology and editorial policies.
Velocity Trade Pros & Cons
- 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.
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).
TU Expert Verdict
Velocity Trade demonstrates moderate stability and can suit certain traders. Its conditions are acceptable, and feedback is mixed but reasonable. In my own tests, it performed adequately, though it lacks the consistency of higher-rated companies.
Top-5 Brokers Traders Prefer
Velocity Trade User Reviews
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5-star
2%
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4-star
0%
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3-star
24%
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2-star
40%
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1-star
34%
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Commissions and Fees
Score:We evaluate brokers' fees and spreads by assessing the costs associated with Standard and ECN/Raw spread accounts, including commissions and spreads. Additionally, our evaluation considers extra fees such as deposit/withdrawal charges and inactivity fees. Learn the assessment criteria8 /10The trading and non-trading commissions of Velocity Trade have been analyzed and rated as having Low fees, with a fees score of 8/10. Additionally, these commissions were compared with those of the top two competitors, OANDA and IG Markets, 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 OANDA IG Markets EUR/USD min, pips 0.2 0.1 0.6 EUR/USD max, pips 0.5 0.5 1.2 GPB/USD min, pips 0.2 0.1 0.6 GPB/USD max, pips 0.5 0.5 1.5 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 OANDA IG Markets Commission ($ per lot) The commission is the fee charged by the broker for trading one standard forex lot (100,000 units of the base currency). 5 3.5 2.3 EUR/USD avg spread 0.1 0.15 0.8 GBP/USD avg spread 0.15 0.2 1 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 OANDA IG Markets Deposit fee, % The indicated amount does not include possible fees from payment systems and banks. 0 0 0 Withdrawal fee, % The indicated amount does not include possible fees from payment systems and banks. 0 0 0 Withdrawal fee, USD The indicated amount does not include possible fees from payment systems and banks. 0 0-15 0 Inactivity fee ($, per month) 0 0 0 -
Is Velocity Trade Safe?
Score:We evaluate brokers' safety based on several key criteria. The highest value is placed on regulation, especially Tier 1 regulation, which ensures adherence to stringent standards set by top financial authorities like the FCA in the UK, CFTC in the US, CySEc and BaFin (EU) or ASIC (Australia). High scores are also given for participation in investor protection funds, which safeguard clients' funds in case of broker insolvency. Learn the assessment criteria10 /10Velocity 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 9 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 Full Name Financial Conduct Authority Country of regulation United Kingdom Investor Protection Fund Up to £85,000 Regulation Level Tier-1 
ASIC Full Name Australian Securities and Investments Commission Country of regulation Australia Investor Protection Fund No specific fund but has stringent consumer protection Regulation Level Tier-1 
MAS Full Name Monetary Authority of Singapore Country of regulation Singapore Investor Protection Fund No specific fund Regulation Level Tier-1 
FSCA SA Full Name Financial Sector Conduct Authority of South Africa Country of regulation South Africa Investor Protection Fund No specific fund Regulation Level Tier-2 
FMA NZ Full Name Financial Markets Authority of New Zealand Country of regulation New Zealand Investor Protection Fund No specific fund Regulation Level Tier-2 Velocity Trade Security Factors Foundation date 2017 Negative balance protection YesVerification (KYC) Yes -
Account Types
Score:We evaluate a broker’s account offering by analyzing the range and suitability of available account types and how effectively they cater to different trader profiles and strategies. Our assessment covers the diversity of account options — including Standard, ECN/Raw, Cent, Swap-Free (Islamic), and VIP accounts — as well as the flexibility of trading conditions provided. Learn the assessment criteria.5.2 /10Velocity Trade offers the following account options: Standard, ECN/Raw spread.
However, it does not provide a Cent account, which can be a disadvantage for beginners looking to practice with minimal risk.
- Standard account with balanced trading conditions
- Tight spread ECN account
- Low minimum deposit
- No Swap Free account
- No Demo account
Velocity Trade account types vs top competitors Velocity Trade Plus500 OANDA Standard YesYesYesECN/Raw spread YesNoYesDemo NoYesYesCent NoNoNoMicro NoNoYesSwap Free NoNoYesVIP NoNoNoManaged NoNoNoVelocity Trade accounts trading conditions
Corporations and other registered organizations from any country where brokerage activities are permitted can become Velocity Trade clients.
Types of accounts:
Account Type Description Real Account This account is available to users if Velocity Trade has confirmed the request for cooperation. You cannot open an account without the consent of the company. 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.
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Deposit and Withdrawal
Score:This section assesses the efficiency, speed, and affordability of brokers’ transaction processes, focusing on available methods, currencies, and fees. For further details, please refer to our data-focused methodology5.3 /10Velocity 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 deposit fee
- No withdrawal fee
- Low minimum withdrawal requirement
- Limited deposit and withdrawal flexibility, leading to higher costs
- BTC not available as a base account currency
- PayPal not supported
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 OANDA Bank Wire YesYesYesBank card YesYesYesPayPal NoYesYesWise NoNoNoBTC NoNoYesWhat are Velocity Trade base account currencies?
A wide range of base account currencies minimizes the need for currency conversion, potentially reducing transaction costs. Velocity Trade supports the following base account currencies: USD, EUR, GBP.
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.
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Markets and Tradable Assets
Score:The evaluation in this section is based on the TU methodology and reflects the total number and variety of tradable assets offered by the broker, including Forex currency pairs. It also considers the availability of passive income tools such as PAMM accounts, copy trading, and similar services. All information is obtained from publicly available sources and may change. Learn the assessment criteria7.8 /10Velocity Trade offers a limited selection of trading assets compared to the market average. The platform supports 200 assets in total, including 70 Forex pairs.
- Indices trading
- Commodity futures are available
- Copy trading platform
- Crypto trading not available
- Limited asset selection
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 OANDA Currency pairs 70 60 68 Total tradable assets The total tradable assets listed include all available instruments, including CFDs. Due to regional restrictions, certain CFDs may not be offered in some countries. For example, cryptocurrency CFDs are banned in the UK, and the U.S. has restrictions on CFDs. 200 2800 129 Stocks YesYesYesCommodity futures YesYesYesCrypto Cryptocurrency CFDs are restricted or prohibited in certain regions due to regulatory limitations. These include the United Kingdom, China, Egypt, the United States and Canada. NoYesYesStock indices YesYesYesOptions YesYesNoInvestment 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 OANDA Bonds YesNoYesETFs YesYesNoCopy trading YesNoYesPAMM investing NoNoNoManaged accounts NoNoNo -
Trading Account Opening
Score:We evaluated Trading Account Opening at Velocity Trade by testing the registration process under real conditions, including opening an account and funding it with the minimum required deposit (but no less than $100). Our assessment considered whether onboarding was fully online, the average registration time, the speed of KYC verification, and how quickly traders could activate their accounts. Learn the assessment criteria.6 /10We successfully registered an account with Velocity Trade in 20 minutes. The KYC verification was completed within 2 business days. The minimum deposit amount at Velocity Trade is $500. The onboarding procedure works as expected, although there is room for improvement in speed and simplicity.
- Fully online account opening process
- Low minimum deposit requirement
- Account approval may require extra time depending on the documentation.
- Registration process may take longer than expected
Velocity Trade account opening Velocity Trade Plus500 OANDA Online Registration YesYesYesMinimum deposit $500 $100 $0 Mandatory KYC YesYesYesRegistration time (min) 20 10 KYC time (days) 2 3 3 Is Velocity Trade available in my country?
If you are a citizen of United States, the broker accepts clients from your country.
Please note that availability may vary due to regulatory requirements, so we recommend confirming directly with the broker for the most accurate and up-to-date information.
Account opening details
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.
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Customer Support
Score:We evaluated Customer Support at Velocity Trade by opening a real account funded with the minimum required deposit (no less than $100) and contacting support to measure response time under real conditions. Our assessment considered contact channels, response speed, multilingual support, and availability hours. Learn the assessment criteria6.2 /10Customer support at Velocity Trade is available, but response speed and service quality may vary. Some requests are handled efficiently, while others may require follow-ups.
During testing, response times were moderate, and communication depended on the complexity of the request. Velocity Trade provides basic support functionality but does not stand out in overall service performance.
InformationIf you have any questions regarding cooperation, please contact the broker in one of the convenient ways listed below.
- 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
- 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:
- call using phone numbers indicated on the site;
- send a fax;
- write an email;
- 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 sales-uk@velocitytrade.com +44 20 3355 6336
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FAQs
Is Velocity Trade a regulated and safe forex broker?
Velocity Trade has a safety score of 10/10 and is regulated by several Tier-1 authorities, including the FCA (UK), ASIC (Australia), and MAS (Singapore), as well as Tier-2 regulators in South Africa and New Zealand. Clients benefit from negative balance protection, mandatory KYC, and, under FCA regulation, potential investor compensation of up to £85,000. More details on how we assess broker safety are available in the Traders Union methodology: https://tradersunion.com/methodology-for-evaluation-of-brokers/.
What types of trading accounts are available with Velocity Trade?
Velocity Trade offers Standard and ECN/Raw spread real accounts with a low minimum deposit and the option to choose customized services. The broker does not provide Cent, Micro, Swap Free, VIP, managed, or demo accounts, and private traders do not receive direct market access or virtual accounts.
What do user reviews and feedback say about Velocity Trade?
Velocity Trade has a user satisfaction score of 3.9/10 based on 50 reviews, with most ratings falling in the 1–2 star range. According to user reviews, overall sentiment is mostly negative, with relatively few high ratings.
What markets and tradable assets can be accessed through Velocity Trade?
Velocity Trade supports 200 tradable assets, including 70 currency pairs, as well as stocks, commodity futures, stock indices, and options. The broker also offers bonds, ETFs, and copy trading as investment options, while cryptocurrency trading, PAMM investing, and managed accounts are not available.
How does the account opening process work at Velocity Trade?
Account opening with Velocity Trade is fully online, with a typical registration time of about 20 minutes and KYC verification completed in around 2 business days. The minimum deposit is $500, and companies must submit an inquiry form with their details and desired services before the broker confirms cooperation.
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Holding licenses from several reputable regulators increases trust. Offering individualized trading conditions for clients is a rare but welcome approach. A downside may be restrictions on deposit currencies.