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Velocity Trade

Australia|15-20 years|
Institution Forex License|Suspicious Overrun|High potential risk|

https://velocitytrade.com/

Website

Rating Index

Influence

Influence

C

Influence index NO.1

Poland 3.34

Surpassed 64.30% brokers

Biz AreaSearch StatisticsAdvertisingSocial Media Index

Contact

+44 20 3355 6336
sales-uk@velocitytrade.com
https://velocitytrade.com/
Second Floor, Queen’s House, 8-9 Queen Street, Cheapside, London, England EC4N 1SP, United Kingdom

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

Open Now

Contact number

English

+44 20 3355 6336

English

+1 416 855 2800

Other ways of contact

Broker Information

More

Company Name

Velocity Trade Limited

Abbreviation

Velocity Trade

Platform registered country and region

Australia

Company website

Pyramid scheme complaint

Expose

Check whenever you want

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WikiFX Risk Alerts 5
Previous Detection : 2024-11-15
  • The number of this brokers's negative field survey reviews has reached 1. Please be aware of the risk and the potential scam!
  • This broker exceeds the business scope regulated by New Zealand FSPR(license number: 20003)Financial Service Providers Register Non-Forex License. Please be aware of the risk!
  • The current information shows that this broker does not have a trading software. Please be aware!
  • The AustraliaASIC (Regulatory number: 329813) Institution Forex License (MM) held by belongs to the scope of institutional business, excluding retail business. It cannot open accounts for individual investors. Be aware of the risks!
  • The United KingdomFCA (Regulatory number: 497263) Institution Forex License (MM) held by belongs to the scope of institutional business, excluding retail business. It cannot open accounts for individual investors. Be aware of the risks!
A Visit to Velocity Trade in UK -- Office Confirmed Existed

A Visit to Velocity Trade in UK -- Office Confirmed Existed

The survey team went to London, UK, to visit the the dealer Velocity Trade and found the logo of dealer on the exhibition address, which indicated that the office of Velocity Trade did exist. However, the team was unable to enter the dealer's office so that the office scale and operation condition of which remained unknown. Please be prudent when trading with this broker.

Good Velocity Trade United Kingdom
Visiting Velocity in Australia, Office Exists

Visiting Velocity in Australia, Office Exists

A field survey confirmed that the actual address of Velocity was consistent with where the company claims to be located. The broker claims to hold a financial service license from the New Zealand FSPR (20003), an investment advisory license from the Australian ASIC (329813) and an investment advisory license from the UK FCA (497263).

Good Velocity Trade Australia
A Visit to Velocity in New Zealand - Fake Address

A Visit to Velocity in New Zealand - Fake Address

It is ascertained by the investigation staff that the address of Velocity is inconsistent with that from the regulatory information. The broker overruns the business scope regulated by New Zealand FSPR licence(No.20003), ASIC Financial Advisor licence(No.329813) and FCA Financial Advisor licence(No.497263).

Danger Velocity Trade New Zealand
A Visit to Velocity Trade in UK -- Office Confirmed Existed

A Visit to Velocity Trade in UK -- Office Confirmed Existed

The survey team went to London, UK, to visit the the dealer Velocity Trade and found the logo of dealer on the exhibition address, which indicated that the office of Velocity Trade did exist. However, the team was unable to enter the dealer's office so that the office scale and operation condition of which remained unknown. Please be prudent when trading with this broker.

Good Velocity Trade United Kingdom
Visiting Velocity in Australia, Office Exists

Visiting Velocity in Australia, Office Exists

A field survey confirmed that the actual address of Velocity was consistent with where the company claims to be located. The broker claims to hold a financial service license from the New Zealand FSPR (20003), an investment advisory license from the Australian ASIC (329813) and an investment advisory license from the UK FCA (497263).

Good Velocity Trade Australia
A Visit to Velocity in New Zealand - Fake Address

A Visit to Velocity in New Zealand - Fake Address

It is ascertained by the investigation staff that the address of Velocity is inconsistent with that from the regulatory information. The broker overruns the business scope regulated by New Zealand FSPR licence(No.20003), ASIC Financial Advisor licence(No.329813) and FCA Financial Advisor licence(No.497263).

Danger Velocity Trade New Zealand

WikiFX Verification

Velocity Trade · WikiFX Survey
Good A Visit to Velocity Trade in UK -- Office Confirmed Existed
United Kingdom

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Velocity Trade · Company Summary

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.

Velocity Trade's home page

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.

regulated by ASIC
  • 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.

regulated by FSCA

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!

exceeded FCA license
exceeded FSPR license

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.

Market Instruments

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.

Business Scope
  • 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.

Business Scope

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

contact details

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.

News

Velocity Trade Secures Singapore MAS Capital Markets Services License

NewsVelocity Trade Secures Singapore MAS Capital Markets Services License

2023-12-28 17:09

Velocity Trade secures Singapore MAS Capital Markets Services License, enhancing its global financial presence and compliance.

WikiFX
2023-12-28 17:09
News
Velocity Trade Secures Singapore MAS Capital Markets Services License
Velocity Trade Has Been Added To TradingView's List Of Integrated Brokers

NewsVelocity Trade Has Been Added To TradingView's List Of Integrated Brokers

2022-11-22 18:22

Velocity Trade, TradingView's first-ever integrated broker from South Africa, has been added to the company's roster of approved partners.

WikiFX
2022-11-22 18:22
News
Velocity Trade Has Been Added To TradingView's List Of Integrated Brokers
WIKIFX REPORT: FINCLEAR GROWS CLEARING BUSINESS WITH VELOCITY TRADE

NewsWIKIFX REPORT: FINCLEAR GROWS CLEARING BUSINESS WITH VELOCITY TRADE

2022-08-04 14:32

The Australian financial technology company, FinClear, today announced that it will provide third-party clearing services to global broker-dealer Velocity Trade.

WikiFX
2022-08-04 14:32
News
WIKIFX REPORT: FINCLEAR GROWS CLEARING BUSINESS WITH VELOCITY TRADE
WIKIFX REPORT: Velocity Trade Selects Integral For FX Technology

NewsWIKIFX REPORT: Velocity Trade Selects Integral For FX Technology

2022-06-02 14:02

Integral, a major FX technology provider, said today that Velocity Trade, an international broker dealer, has chosen it to use its workflow automation and trading technology across its eFX and CFD trading network.

WikiFX
2022-06-02 14:02
News
WIKIFX REPORT: Velocity Trade Selects Integral For FX Technology

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