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Velocity Trade Forex broker specializes in providing foreign exchange trading services, the company's official website https://velocitytrade.com/, the company's legitimate regulatory information United KingdomFCAInstitution Forex License,AustraliaASICInstitution Forex License,South AfricaFSCARetail Forex License,New ZealandFSPRFinancial Service Corporate, to enhance the security of the company's address Second Floor, Queen’s House, 8-9 Queen Street, Cheapside, London, England EC4N 1SP, United Kingdom.

Velocity Trade Forex Broker

Basic information

Registered region
Australia
Operating period
--
Company Name
Velocity Trade Limited
Abbreviation
Velocity Trade
Company employee
--
Customer Service Email Address
sales-uk@velocitytrade.com
Contact number
+442033556336
Company address
Second Floor, Queen’s House, 8-9 Queen Street, Cheapside, London, England EC4N 1SP, United Kingdom
Keywords
15-20 years
Regulated in United Kingdom
Regulated in Australia
Regulated in South Africa
Regulated in New Zealand
Institution Forex License
Retail Forex License
Financial Service Corporate
Suspicious Scope of Business
Suspicious Overrun
High potential risk

Company profile

Velocity Trade Review Summary Founded 2007 Registered Country/Region Australia Regulation FSCA, ASIC Market Instruments Forex, equities, commodities, futures, margin products, fixed income Demo Account Available Unavailable Trading Platforms MT4 Minimum Deposit N/A Customer Support Phone, email

What is Velocity Trade?

  Velocity Trade is a regulated trading partner to institutions worldwide, providing global execution across multiple products and services. With its establishment in 2007, Velocity has emerged as a leading global broker-dealer, seamlessly combining execution with cutting-edge technology to cater to its international institutional clients.

  In the following article, we will analyze the characteristics of this broker from various aspects, providing you with simple and organized information. If you are interested, please read on. At the end of the article, we will also briefly make a conclusion so that you can understand the broker's characteristics at a glance.

Pros & Cons

Pros Cons
• Regulated by ASIC and FSCA • FCA, FSPR (Exceeded)
• A range of trading instruments • No live chat support
• MT4 supported • No social media presence
• A range of services and products

Velocity Trade Alternative Brokers

  There are many alternative brokers to Velocity Trade depending on the specific needs and preferences of the trader. Some popular options include:

  •   GO MARKETS - A leading online forex and CFD broker, providing traders with a wide range of financial instruments and innovative trading platforms.

  •   FBS - An international broker providing online trading services in forex, stocks, metals, and more, with a focus on customer satisfaction and accessibility.

  •   MultiBank Group - A global financial services company offering a wide range of trading products and services to clients worldwide.

Is Velocity Trade Safe or Scam?

  Velocity Trade is regulated by the Australian Securities and Investments Commission (ASIC) and the Financial Sector Conduct Authority (FSCA).

  •   Australian Securities and Investments Commission (ASIC):

  Velocity Trade is licensed by ASIC, which is an independent Australian government body responsible for regulating company and financial services laws. This license ensures that Velocity Trade operates within the legal framework and provides protection to Australian consumers, investors, and creditors.

  •   Financial Sector Conduct Authority (FSCA):

  Velocity Trade is also regulated by the FSCA, which is the market conduct regulator of financial institutions in South Africa. This license allows Velocity Trade to provide financial products and services within the country.

  However, Velocity Trade exceeds the business scope regulated by New Zealand FSPR (license number: 20003) Financial Service Providers Register Non-Forex License and by United Kingdom FCA (license number: 497263) Straight Through Processing Licence Non-Forex License. Please be aware of the risk!

Market Instruments

  Velocity Trade offers a diverse range of trading instruments across various asset classes, including:

  •   Forex:

  Velocity Trade provides access to the forex market, allowing traders to buy and sell major and minor currency pairs.

  •   Equities:

  Traders can trade equities and stocks listed on major exchanges worldwide through Velocity Trade's platform.

  •   Commodities:

  Velocity Trade enables trading of commodities such as gold, silver, oil, natural gas, and agricultural products.

  •   Futures:

  Velocity Trade offers futures contracts, which are agreements to buy or sell assets at a predetermined price and date in the future.

  •   Margin products:

  Traders can use margin products offered by Velocity Trade to amplify their trading positions, allowing for potential higher returns and increased exposure.

  •   Fixed income:

  Velocity Trade provides access to fixed income instruments like bonds, treasury bills, and corporate debt securities.

Business Scope

  The business scope of Velocity Trade encompasses a range of financial services aimed at both institutional and retail clients.

  •   Corporate Finance:

  Velocity Trade offers comprehensive corporate finance services, including advisory, capital raising, and mergers & acquisitions. They assist clients in achieving their strategic objectives and provide expert guidance throughout the transaction process.

  •   Advisory Services:

  Velocity Trade provides advisory services to clients, offering insights, market analysis, and strategic recommendations. Their team of professionals helps clients make informed investment decisions and navigate complex financial situations.

  •   Corporate Broking:

  As a corporate broking service provider, Velocity Trade supports companies in managing relationships with their investors, providing assistance in regulatory compliance, shareholder communications, and market intelligence.

  •   Sales & Trading:

  Velocity Trade operates sales and trading desks to facilitate the buying and selling of various financial instruments. They offer execution services across multiple asset classes, including equities, fixed income, foreign exchange, and derivatives.

  •   Research:

  Velocity Trade's research division conducts in-depth analysis and provides market research reports to help clients make informed investment decisions. Their research covers a wide range of sectors and asset classes.

  •   WealthTech:

  Velocity Trade offers a unique technology solution specifically designed for the wealth management industry. This platform integrates wealth management tools and features to enhance the client experience and improve operational efficiency.

  •   Broker Solutions:

  Velocity Trade provides customized trading platforms for brokers and financial institutions. These platforms offer a range of functionalities and can be tailored to meet specific requirements, empowering brokers with advanced trading capabilities.

  •   Trading & Administration:

  Velocity Trade offers trading and administration services across various formats, including traditional trading platforms, web-based platforms, and mobile trading solutions. They ensure efficient trade execution and provide seamless administrative support.

Trading Platforms

  Velocity Trade offers the MetaTrader 4 (MT4) trading platform to its clients. MT4 is a widely used and highly regarded platform in the financial industry. It provides a comprehensive range of features and tools for trading various financial instruments, including forex, commodities, and indices.

  MT4 offers advanced charting capabilities, a wide selection of technical indicators, and the ability to develop and implement automated trading strategies using Expert Advisors (EAs). The platform allows clients to access real-time market data, execute trades, manage their positions, and monitor their account activity.

Deposits & Withdrawals

  - Wire transfers: Velocity Trade commonly accepts deposits via wire transfers, providing a traditional and secure payment method.

  - Credit cards: Velocity Trade supports widely recognized credit cards such as MasterCard, VISA, and Maestro for convenient funding of trading accounts.

  - E-wallet processors: Popular e-wallet services like Skrill, Neteller, and PayPal may also be available for clients to deposit funds.

Customer Service

  Customers can visit their office or get in touch with customer service line using the information provided below:

  Telephone: +44 20 3355 6336

  Email: sales-uk@velocitytrade.com

Conclusion

  In conclusion, Velocity Trade, a globally recognized broker dealer, is regulated by respected authorities such as ASIC and FSCA, ensuring that it operates within the framework of established financial regulations. Moreover, Velocity Trade offers a range of trading instruments across various asset classes and a suite of services to meet the diverse trading requirements of its clientele.

  With its focus on industry-leading technology, regulatory compliance, and a wide range of trading instruments, Velocity Trade remains at the forefront of the financial industry, delivering exceptional trading experiences to its discerning clients.

Frequently Asked Questions (FAQs)

Q 1: Is Velocity Trade regulated?
A 1: Yes. It is regulated by ASIC and FSCA.
Q 2: How can I contact the customer support team at Velocity Trade?
A 2: You can contact via telephone, +44 20 3355 6336 and email, sales-uk@velocitytrade.com.
Q 3: Does Velocity Trade offer the industry leading MT4 & MT5?
A 3: Yes. It offers MT4.
Q 4: Is Velocity Trade a good broker for beginners?
A 4: Yes. It is a good choice for beginners because it is regulated well and offers various services with competitive trading conditions on the leading MT4.

Risk Warning

  Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies.

  In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then. Therefore, readers are advised to always verify updated information directly with the company before making any decision or taking any action. Responsibility for the use of the information provided in this review rests solely with the reader.

Rating Index

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Latest Reviews

push,

push,

Cyprus

How weird is this Velocity Trade! Agents on this platform tried very hard to induce me to invest here. But the truth is that this company is not transparent at all. I cannot find any details about its trading fees!

Neutral

2023-02-24

Randy

Randy

Argentina

Velocity Trade does not require any minimum initial deposit to start trading, providing the most popular MT4 trading platform in the world! I really like these two points. But it only supports bank cards and Neteller for deposits and withdrawals.

Positive

2022-11-25

Hamoudy Ibert

Hamoudy Ibert

Hong Kong

EUR/USD Spread is too wide! 3 pips! That’s horrible! The industry average is just 1.5 pips, why the spread here is so high? Deposits and withdrawals options are also too limited.

Neutral

2022-11-22

Velocity Trade Forex Broker has an overall rating of 6.43, Regulatory Index 7.36, License Index 7.17, Business Index 8.77, Software Index 6.63 Risk Control Index 0.00.