VELES Capital Forex Broker

Veles Capital Forex Broker - Complete Information Guide

1. Broker Overview

　　Veles Capital, officially known as "IC Veles Capital LLC," was founded in 1995 and is one of the oldest investment companies in Russia. The company's headquarters is located in Moscow, specifically at Krasno Presnenskaya Nab., 12, Entrance 7, Floor 18, World Trade Center - II. Veles Capital operates as a private company, focusing primarily on providing financial services to high-net-worth individuals and corporate clients.

　　The firm specializes in a wide range of services, including asset management, investment consulting, brokerage services, mutual funds, personal funds, options trading, currency hedging, structured products, and real estate investment. Throughout its history, Veles Capital has participated in various significant milestones in the Russian financial market, navigating through multiple financial crises without incurring reputational damages. This experience has allowed the company to build a reputation for stability and reliability.

　　Veles Capital's business model primarily targets wealthy private clients and institutional investors, offering tailored financial solutions that cater to their unique investment needs. The firm has evolved over the years to encompass a diverse array of financial services, positioning itself as a comprehensive provider in the financial landscape. This makes Veles Capital a notable player among Veles Capital brokers.

2. Regulatory and Compliance Information

　　Veles Capital currently operates without any valid regulatory oversight. The absence of a regulatory license raises significant concerns about the safety and legitimacy of its operations. There are no specific regulatory bodies listed that oversee Veles Capital, and the firm does not possess a regulatory number that would typically be associated with licensed brokers.

　　The lack of regulation means that Veles Capital does not adhere to the standard practices that govern investor protection, such as client fund segregation policies, which are crucial for ensuring that client assets are protected in the event of financial difficulties. Additionally, Veles Capital does not participate in any investor compensation schemes that would provide further security for clients' investments.

　　The company claims to implement Know Your Customer (KYC) and Anti-Money Laundering (AML) compliance measures; however, the specifics of these policies are not detailed in publicly available resources. The absence of regulatory oversight and transparency regarding compliance measures can pose risks for potential investors considering Veles Capital as their broker.

3. Trading Products and Services

　　Veles Capital offers a diverse range of trading products and services designed to cater to the investment needs of its clients. The firm provides access to a variety of forex currency pairs, though the exact number of pairs available is not specified. Clients can trade major, minor, and exotic currency pairs, allowing for flexibility in their trading strategies.

　　In addition to forex trading, Veles Capital offers Contracts for Difference (CFDs) across various asset classes, including indices, commodities, stocks, and cryptocurrencies. This broad selection enables clients to diversify their portfolios and capitalize on market opportunities in different sectors.

　　Veles Capital is known for its asset management services, which aim to provide clients with professional management of their investment portfolios. The firm also offers tailored investment consulting services to help clients make informed decisions regarding their financial strategies. While the firm promotes its diverse offerings, detailed information about the frequency of product updates and the introduction of new trading instruments is not readily available.

4. Trading Platforms and Technology

　　Veles Capital utilizes its proprietary trading platform known as the Veles Investor Mobile Application. This platform is designed to provide clients with a user-friendly interface to manage their investments and trade a variety of Russian and foreign assets directly from their mobile devices. However, the firm does not support popular platforms such as MetaTrader 4 or MetaTrader 5, which are widely used in the industry.

　　The trading platform facilitates seamless execution of trades, but specifics regarding the execution model—such as whether it operates on an ECN, STP, or Market Making basis—are not disclosed. The company's server infrastructure is based in Russia, which may impact latency and execution speed for international clients.

　　Veles Capital does not provide detailed information about API access or automation trading capabilities, which are essential features for more advanced traders looking to implement algorithmic trading strategies. The lack of transparency regarding these technological aspects may be a concern for potential clients.

5. Account Types and Trading Conditions

　　Veles Capital offers a brokerage account with a notable advantage of having no minimum deposit requirement, making it accessible for investors of varying financial backgrounds. However, the specific conditions regarding spreads and commissions are not disclosed, which raises questions about the overall trading costs associated with using Veles Capital as a broker.

　　While there are no specific mentions of advanced account types such as VIP or professional accounts, the firm does indicate that it caters to high-net-worth individuals, suggesting that tailored account services may be available upon request. Details regarding Islamic accounts or corporate accounts are not provided.

　　The firm's trading conditions, including leverage ratios, are also unspecified, which can be critical for traders looking to understand the risks associated with their investments. Information about minimum trade sizes and overnight fees is also lacking, making it difficult for potential clients to assess the full scope of trading conditions.

6. Fund Management

　　Veles Capital supports a variety of deposit methods, including bank transfers and credit card payments. The firm does not specify a minimum deposit for different account types, which can be an attractive feature for new investors looking to enter the market.

　　The processing times for deposits and withdrawals are not clearly stated, which can be a concern for clients who prioritize quick access to their funds. Additionally, details regarding any fees associated with deposits and withdrawals are not provided, potentially leading to unforeseen costs for clients.

　　Withdrawal methods are similarly vague, with no specific information on limits or processing times. The lack of clarity regarding withdrawal policies can deter potential clients, as it raises concerns about the ease of accessing funds after investing with Veles Capital.

7. Customer Support and Educational Resources

　　Veles Capital offers a range of customer support channels, including phone and email. The firm can be contacted via its customer service email, veles@veles-capital.ru, or through two phone numbers: 8 (800) 500-23-33 and +7 (495) 258-19-88. However, the availability of support during specific service hours and the time zone coverage is not detailed.

　　The firm appears to provide support in Russian, but there is no mention of multi-language support, which may limit accessibility for international clients. Educational resources offered by Veles Capital include market analysis services, but specifics regarding the types of educational materials available—such as webinars, tutorials, or e-books—are not outlined.

　　Clients may benefit from daily market analysis and research reports; however, the depth and frequency of these resources are not specified. The absence of comprehensive educational tools can be a drawback for novice traders seeking to enhance their trading knowledge and skills.

8. Regional Coverage and Restrictions

　　Veles Capital primarily serves clients in Russia, with a focus on wealthy private clients and institutional investors. The firm operates from its headquarters in Moscow, and while it does not specify the distribution of regional offices, it likely caters to clients within the Russian market.

　　However, Veles Capital does not accept clients from certain countries, although specific regions or countries where clients are restricted are not disclosed. This lack of clarity may pose challenges for potential clients seeking to understand whether they are eligible to open an account with Veles Capital.

　　In summary, while Veles Capital offers a range of financial services and products, the absence of regulatory oversight, limited transparency regarding trading conditions, and a lack of comprehensive educational resources may raise concerns for potential investors. As with any financial decision, it is crucial for individuals to conduct thorough research and consider their options carefully before engaging with Veles Capital as their broker.