What’s Velocity Trade?
Velocity Trade is a global brokerage firm that delivers its trading environment and opportunities through a number of global entities located in some of the world’s leading jurisdictions. These entities, including offerings designed across Australia, Canada, South Africa, Oceania, the United Kingdom and Europe and beyond, may also be slightly different due to regulatory requirements.
International trading used by a group of companies Velocity Trade combined into offering equity, currency, commodities and more, trading through a broad level of risk management combined with opportunities over traditional models.
Velocity Trade offers trading access to over 40 exchanges, including the U.S., Australia, Canada, United Kingdom and South African markets, which maintain global exposure through the market you wish to trade.
While the broker was established back in 2007, it has maintained a strong trading capacity and has since served as a trusted partner to many traders and institutions. The execution model is carried out by means of STP, which gives investment independence through technology and unparalleled performance.
Is Velocity Trade secure or is it a scam?
We should see whether the broker is regulated and a trustworthy company to trade with. As we have discovered, Velocity Trade is not only a regulated broker in one entity, but a global trading provider holding multiple licenses from world-renowned Forex industry regulators.
These registrations include FCA from the United Kingdom, Australian ASIC, Canadian IIROC, FMA from New Zealand and South Africa FSCA.
|Velocity Trade International Limited||UK||FCA|
|Velocity Trade Limited||New Zealand||FMA|
|Velocity Trade Limited||Australia||ASIC|
|Velocity Trade Holdings Ltd.||Canada||IIROC|
|Velocity Trade Financial Services (Pty) Ltd.||South Africa||FSB|
As a result, and in accordance with the regulatory requirements, Velocity Trade obliges to provide services in each jurisdiction, there are numerous outcomes in terms of how a company operates a business or manages customer funds, services and so on.
Although each jurisdiction provides slightly different trading conditions or allowed, regulated opportunities, less or more all of them hold concerns regarding the safety of traders, the integrity of financial investment and, of course, a reputable, transparent investment for all parties.
Platforms for Trading
Velocity Trade has chosen MetaTrader4 as its leader in software execution, which is not surprising due to its powerful MT4 capabilities and a wide range of features. Since VT also provides investment opportunities, including Capital Raising, Advisory, Investment Organization solutions available to private and capital markets across jurisdictions and countries. These options provide the client with additional tools to enhance traditional trading.
However, MT4 offers not only a full range of instruments and industry-leading technology optimisation over the trading process, but VT also carries out trading with LD4 and NY5 engines through ECN by providing full liquidity.
In other words, you will be trading through a dark pool and non-bank liquidity access with unique opportunities. In addition, together with a wide range of available assets, Velocity Trade enables the trading of OTC vanilla and precious metals options, all delivered with great support from VT’s global offices.
Together with its powerful software, Velocity Trade partners with TMX insight alliances to deliver FX and Equity data analytics.
There are no specified terms on account or any other – all differences between the offer referred to an entity of Velocity Trade with which you are going to trade. This happens due to regulatory restrictions, requirements and specified conditions, so that it is better to contact the customer service before you sign in and receive all trading details as per your residence.
Velocity Trade spreads are clearly defined by the region through which you are trading, as different exchanges may apply slightly different terms. The spread offer for the EUR/USD pair is, however, an average of three pips. Also, there may be some other commission charges due to DMA market access that are also defined by the Velocity Trade entity with which you operate.
In addition, the broker mentions its tailored solution according to the trading style and needs you to use it, so the conditions may vary.
In addition, corporate clients or managers have a full range of MAM or PAMM accounts, with unique capabilities and high performance. In addition, there is a possibility to open a swap-free account, which is only available for day-to-day trading.
While trading with Velocity Trade, it is evident that you will also be offered to leverage your positions in reverse to get an opportunity to gain additional market exposure. But always learn how to use leverage. While Velocity Trade obliges and integrates different regulatory requirements, there are different levels of leverage offered in each jurisdiction Velocity Trade operates.
For more details, you may always contact support or customer service that remains on hand at any stage of your business. Generally, if you are trading with the UK or European entity, you will use a lower leverage ratio of up to 1:30 due to recent restrictions, an Australian broker still has a high leverage ratio of 1:200, 1:400 or 1:500. South Africa and New Zealand may also offer levels of up to 1:200, while the Canadian entity will limit you to 1:40.
What funding methods does Velocity Trade use?
And once you’ve made a decision to sign up for a live account, all money transfers and management available through an online account where you can choose between payment methods. Obviously, Velocity Trade does not say much about its payment options, nor does it mean that the most common option of Bank Wire remains your options.
Minimum Deposit for Velocity Trade
Velocity Trade does not mention a minimum deposit. It is therefore also the Velocity condition that enables the company to offer tailored solutions according to the customer’s needs, the size of the operation, the instrument and, of course, depending on the region of the entity.
Although we could not find too many details of the broker’s trading conditions or costs within the Velocity Trade Review, overall the company appears to be a reputable brokerage firm. It is regulated not only in one entity, but in a number of world-leading financial hubs, which confirm a strong establishment base. It is also more evident that Velocity Trade is a service to institutions and corporations due to its high development of procedures, as well as specially designed products. So, in our view, Velocity Trade could be an interesting opportunity for traders of larger size or those already experienced in Forex, while novices may better refer to other brokers.