Velocity Trade Review 2024
Minimum
deposit:
  • $0

Trading platform:

  • Proprietary platform
Regulation:
  • ASIC
  • FMA
  • FSCA
  • FCA
Bonus for deposit:
  • 0%

Velocity Trade Review 2024

Updated:
Updated: October 06, 2023

5.16

/

10

TU Overall Score
The purpose of creating the TU Overall Score is to make the search for secure and reliable brokerage companies easier for the visitors of our website. We believe that it is a very important mission as, unfortunately, not every company in the financial industry is worthy of trust.

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
Minimum
deposit:
  • $0

Trading platform:

  • Proprietary platform
Regulation:
  • ASIC
  • FMA
  • FSCA
  • FCA
Bonus for deposit:
  • 0%

Note!

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Summary of Velocity Trade Trading Company

Velocity Trade is a moderate-risk broker with the TU Overall Score of 5.16 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 ranks 102 among 413 companies featured in the TU Ranking, which is based on the evaluation of 100+ criteria and a test on how to open an account.

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.

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).

💰 Account currency: Multicurrency accounts 
🚀 Minimum deposit: $1
⚖️ Leverage: From 1:1
💱 Spread: Determined individually
🔧 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

👍 Advantages of trading with Velocity Trade:

  • 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.

👎 Disadvantages of Velocity Trade:

  • 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.

Evaluation of the most influential parameters of Velocity Trade

User Satisfaction Customer Satisfaction Score (CSAT) is a unique metric of Traders Union based on the analysis of user reviews posted on pages of each broker profile by the visitors of our website from all around the world. We have been collecting these broker reviews for over 13 years, and therefore, we know and understand the level of customer satisfaction with a specific brokerage company better than anyone else.

4.69

/10

Regulation and safety The score for this parameter is based on the licenses a company holds. The higher the level of the license, the higher the score. Obtaining licenses in other jurisdictions also improves a broker’s score. We divide all licenses into three levels:

Level 1 jurisdictions (high level of trust): CFTC – USA, FINMA – Switzerland, FCA — UK, ASIC – Australia, CBI – Ireland, JFSA — Japan, MAS – Singapore, FMA — New Zealand, IIROC – Canada, SFC – Hong Kong.

Level 2 jurisdictions (medium level of trust): CySEC – Cyprus, FSCA – South Africa, CBRC – China, SEBI – India, ISA – Israel, SECT – Thailand, DFSA – United Arab Emirates

Level 3 jurisdictions (low level of trust): FSC – Belize, FSC – British Virgin Islands, FSC – Mauritius, VFSC – Vanuatu, SCB – The Bahamas, BMA – Bermuda, CIMA – Cayman Islands

9.72

/10

Commissions and fees This parameter comprises a comprehensive analysis of all commissions and fees charged by a brokerage company, including trading and deposit/withdrawal fees. Also specific fees, for example the inactivity fee, are taken into account in the final score for the fees. Users can find detailed fees charged by a company in the broker’s profile.

9.43

/10

Trading instruments For this parameter, we evaluate the number of trading assets a broker offers access to in each group of financial instruments. We analyze the quotes a broker offers on Forex pairs, metals, indices, commodities, stocks, and cryptocurrencies. This parameter also includes evaluation of broker’s investment programs, for example access to copy trading, which we regard as an additional type of a trading instrument.

7.97

/10

Brand popularity Traders Union experts are confident that brand awareness mostly fully reflects the real state of affairs in a company – the more popular the broker, the more people trust it. The score for this indicator is based on the data analysis of such services as Ahrefs and SemRush, which show how often a company’s brand is searched on Google. In addition, indicators of the SimilarWeb service, which show the approximate number of visitors of the broker’s website, are also taken into consideration. We also review disclosed official reports of brokers, which allow for evaluating their client base.

4.11

/10

Customer support The score of this parameter is based on the number of available communication channels of a company’s support service. The quicker and easier it is to contact the broker’s support, the higher the score. We check every available support channel, test the speed of processing of requests and completeness of provided information through several interactions.

6.18

/10

Education This parameter provides an evaluation of a company’s capacity to work with beginners. Only quality training and provision of full and unbiased information can help novice traders and investors minimize the risks of losing money, even when working with top-ranked companies. Brokers with useful educational and informational tools, including webinars, tutorials, podcasts and articles, receive higher scores.

4.04

/10

Geographic Distribution of Velocity Trade Traders

Popularity in

46.7%
RS
Serbia
57.3%
Others
Others

Video Review of Velocity Trade i

User Satisfaction i

40 comments
Total score:
3.4 /10

Share your experience

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manyul_uns
6 weeks ago

A typical forex broker, neither better nor worse than others. Velocity Trade doesn't offer any special or exclusive features. However, the trading platform generally works fine. Slippage is minimal even in highly liquid markets, which is undoubtedly a good advantage for the company. Spreads are not the smallest; I mentioned them as above average. But for medium-term trading, Velocity Trade would be a decent option.

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diazsasak
9 weeks ago

Velocity Trade is a troublesome company. They withdraw money, but before that they drain almost the entire deposit. A trade can take tens of minutes to open, and the price, of course, is much worse. All my trading ended with the loss of 2/3 of my deposit in Velocity Trade, the rest was withdrawn with a fee. I do not recommend this company.

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shafique786
12 weeks ago

Velocity trade is a very problematic company. It is much easier to deposit money there than to withdraw money from there. Every time I submit a withdrawal request, it takes more than two weeks for my case to be processed. Ultimately, I decided to close my account and end my relationship with Velocity trade.

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masroor393
15 weeks ago

My experience with Velocity Trade was negative. Its trading platform is unstable and often results in significant capital losses due to glitches. Moreover, trading fees are higher than average, which reduces profitability. Withdrawing funds also causes problems - it is delayed and time consuming. Velocity Trade client support leaves much to be desired, as it takes too long to respond to requests. As a result, I had to refuse working with this broker.

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rahatwah
18 weeks ago

Velocity Trade is a dishonest broker! I don’t even want to recall how they deceived me! The support assured that everything was transparent and there was no manipulation. Then why does the price always, before closing an order, suddenly go against me? And it would be okay if it were on several trades! But this happens all the time! Velocity Trade just completely drained my deposit.

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mshaheen
18 weeks ago

Velocity Trade is a terrible broker. I've been trying to withdraw my funds for almost a week, and they still haven't arrived. How is this possible for a normal company? Most likely, they have no intention of paying money to their clients. If this is true, Velocity Trade can be called a scam.

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austino4u
20 weeks ago

I do not recommend working with Velocity Trade. I don’t know whether this company has a regulatory license or not, but you won’t be able to trade profitably here. I was convinced of this by my own example. I have been trading for several years now, I have my own trading strategy. But Velocity Trade quotes are very different from those of other companies. When I wrote to support, they replied that this was normal. But this is not normal. Normal brokers have market quotes.

Expert Review of Velocity Trade

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.

Anton Kharitonov

Anton Kharitonov

Financial expert and analyst at Traders Union

Dynamics of Velocity Trade’s popularity among
Traders Union’s traders, according to 2023 data

Logo TU
20,0%
Top 3
10,0%
Top 5
7,0%
Top 10
5,0%
Top 20
1,0%
Top 40
0,5%
Top 100
0,2%
Top 100+
0,05%
Jan.
Feb.
Mar.
Apr.
May.
Jun.
Jul.
Aug.
Sep.
Oct.
Nov.
Dec.

Investment Programs, Available Markets and Products of the Broker

The mission of Velocity Trade is to provide brokerage services. However, the company cooperates exclusively with corporations and financial institutions and doesn’t cooperate with individuals, including legal entities. VelocityTrade offers a variety of trading instruments including stocks, futures, and other investment assets. However, there are no special programs and services to earn passive income.

Important!

If you are a large investor and plan on investments over $10,000, contact us at vip-invest@tradersunion.com or by the feedback form on our website. Our professional team will take you through all the intricacies of the deal and all the steps from signing up to withdrawal of profits.

Velocity Trade’s affiliate program:

There is also no opportunity to earn profit from inviting new users to Velocity Trade. The company doesn’t cooperate with individuals and is a broker for various financial institutions only.

Trading Conditions for Velocity Trade Users

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.

$0

Minimum
deposit

1:1

Leverage

24/5

Support

💻 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 
💵 Replenishment / Withdrawal: Discussed individually
🚀 Minimum deposit: $1
⚖️ Leverage: From 1:1
💼 PAMM-accounts: No
📈️ Min Order: No
💱 Spread: Determined individually
🔧 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
📋 Orders execution: Global execution
⭐ Trading features: Margin trading instruments are available
🎁 Contests and bonuses: No

Comparison of Velocity Trade with other Brokers

Velocity Trade RoboForex Eightcap Exness Forex4you Pepperstone
Trading
platform
Proprietary Mobile app, Proprietary portal, Proprietary platform MT4, MT5, R MobileTrader, R StocksTrader, R WebTrader MT4, MT5 Exness Trade App (mobile), Exness Terminal (web), MetaTrader5, MetaTrader4 MT4, MobileTrading, MT5 MT4, MobileTrading, WebTrader, cTrader, MT5, TradingView
Min deposit $1 $10 $100 $10 No $1
Leverage From 1:1
to 1:1
From 1:1
to 1:2000
From 1:30
to 1:500
From 1:1
to 1:2000
From 1:10
to 1:1000
From 1:1
to 1:400
Trust management No No No No No No
Accrual of % on the balance No No No No No No
Spread From 0.1 points From 0 points From 0 points From 1 point From 0.1 points From 0 points
Level of margin call
/ stop out
1%  /  1% 60%  /  40% 80%  /  50% No  /  60% 100%  /  20% 90%  /  20%
Execution of orders Market Execution Market Execution, Instant Execution Market Execution Market Execution, Instant Execution Market Execution, Instant Execution Instant Execution
No deposit bonus No No No No No No
Cent accounts No Yes No No Yes No

Broker comparison table of trading instruments

Velocity Trade RoboForex Eightcap Exness Forex4you Pepperstone
Forex Yes Yes Yes Yes Yes Yes
Metalls Yes Yes Yes Yes Yes Yes
Crypto No No Yes Yes No Yes
CFD Yes Yes Yes Yes Yes Yes
Indexes No Yes Yes Yes Yes Yes
Stock Yes Yes Yes Yes Yes Yes
ETF No Yes No No No Yes
Options Yes No No No No No

Velocity Trade Commissions & Fees

Information
The experts at the Traders Union inspected Velocity Trade for hidden and explicit trading fees, as well as non-trading fees. The specifics of Velocity Trade's work don’t allow you to determine the size of commissions beforehand. The company's clients are not private traders, but financial corporations, therefore Velocity Trade determines the terms of cooperation for each client individually.
Account type Spread (minimum value) Withdrawal commission
Real account from $2 Discussed individually

The swaps and spread sizes are already determined by the clients of Velocity Trade.
Traders Union analysts also wanted to compare VelocityTrade's fees with those of popular Forex brokers to objectively assess the company's trading terms. However, Velocity Trade is a broker for other brokers and doesn’t cooperate with traders directly. Accordingly, there are no spreads and non-trading commissions in this company.

Broker Average commission Level
Velocity Trade $2 Medium
RoboForex $1 Low
Pocket Option $8.5 High
Logo Velocity Trade
$2
$1
$8.5

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:

  • The broker is represented on 5 continents.

  • It has 10 offices in various countries.

  • The broker grants access to trading 24/6.

  • It has provided financial services for over 14 years.

  • The broker has over 50 years of cumulative experience in various fields.

  • 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:

  • Contact Us. Here you can find phone numbers, fax numbers, email addresses, and VelocityTrade office addresses. Numbers and addresses may vary in different countries.

  • Products & Services. Here you can find the list of services offered by the company and choose the options that suit you.

  • 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:

1

Velocity Trade is licensed and regulated by various authorities worldwide.

2

The company offers access to a wide range of trading instruments.

3

Velocity Trade provides brokerage and consulting services.

4

The terms of cooperation with each corporate client are discussed individually.

5

The company develops unique trading platforms.

6

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.

How to Start Making Profits — Guide for Traders

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.

Bonuses Paid by the Broker

VelocityTrade provides brokerage services and works with companies, not private traders. Therefore, it does not offer bonus programs for its corporate and business clients.

Investment Education Online

Information

Velocity Trade is a broker for large corporations and organizations and doesn’t offer training materials on Forex trading.

Information presented on the broker's website
Information not available on the Velocity Trade website
An article about the specifics of the Velocity Trade broker, its services, and benefits
Materials about the peculiarities of trading with different instruments
 
Trading psychology
 
Fundamental analysis
 
Technical analysis
 
Educational videos
 
Market reviews and forecasts for the current week
 
Trading guides

Velocity Trade doesn’t provide cent or virtual accounts.

Security (Protection for Investors)

Information

The VelocityTrade brokerage provides financial services on 5 continents and is regulated by the proper authorities on each of them. For example, in Australia, Velocity Trade is licensed by the AFSL to provide financial services (license number 329813), is a member of the ASX (Australian Stock Exchange) and is supervised by the ASIC (Australian Securities and Investments Commission). In Canada, the company is registered with Fintrac, and is also a member of IIROC (Investment Industry Regulatory Organization of Canada), CIPF (Canadian Investor Protection Fund), TSX Venture Exchange, and the Toronto Stock Exchange.

In New Zealand, the broker is registered with the FMA (Financial Markets Authority) as a financial services provider under number FSP20003. In the South African region, Velocity Trade is an Authorized Financial Services Provider (FSP number 43295), supervised by the FSCA (Financial Services Supervision Authority of South Africa) and approved by STRATE. In the UK, this broker is regulated by the FCA (Financial Conduct Authority) under registration number 497263. It is also registered in the Netherlands and regulated by AFM (Netherlands Financial Markets Authority).

👍 Advantages

  • VelocityTrade is regulated by local authorities in 6 global regions
  • The broker has several licenses to provide financial services
  • The company provides information on sales and trade in the public domain

👎 Disadvantages

  • There is no information on the Velocity Trade data protection center

Withdrawal Options and Fees

  • Velocity Trade is a brokerage company that works exclusively with financial institutions, and the terms of cooperation, including all financial issues, are discussed and formulated with each client individually.

  • The company doesn’t indicate the price list for its services, since the amount depends on the type of services selected.

Customer Support Service

Information

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: 

  • 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
Official site
Contacts

Review of the Personal Cabinet of Velocity Trade

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.

1

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.

Velocity Trade Review — Home page
Velocity Trade Review — Home page
Velocity Trade Review — Home page
2

Fill out the form with the following details: your full name, job title, company name, email address, telephone number, and country.

Velocity Trade Review — Completing the registration form
Velocity Trade Review — Completing the registration form
3

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.

Velocity Trade Review — Indicate services desired
Velocity Trade Review — Indicate services desired

The staff of Velocity Trade will contact you after reviewing your request.

All information posted on the Traders Union website is based on reliable and objective data. We have combined our 10 years’ experience in the financial sector and the feedback of our customers to provide you with a true picture of the best forex companies in the market. Detailed information about our methodology.
Velocity Trade Review Velocity Trade Review

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FAQs

Do reviews by traders influence the Velocity Trade rating?

Any review can raise or lower the rating of any broker in the general list of brokers. To read reviews about Velocity Trade you need to go to the broker's profile.

How to leave a review about Velocity Trade on the Traders Union website?

To leave a review about Velocity Trade, register on the Traders Union website or you can also leave a review through Facebook.

Is it possible to leave a comment about Velocity Trade on a non-Traders Union client?

Anyone can leave feedback about Velocity Trade on multiple participating clients; however, Traders Union clients also receive additional payments later for working with any broker listed at the Forex market.

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