In this Velocity Trade Review, we are going to take a look at the offer that this broker prepared for its traders. Velocity Trade is regulated by the ASIC in Australia and by the FCA in the UK. Velocity Trade operates on the financial market since 2007. When it comes to trading platforms, the broker features PFSOFT and MetaTrader 4. The Velocity Trade minimum deposit is 0 USD.
Between 74-89% of retail investor accounts lose money when trading CFDs You should consider whether you can afford to take the high risk of losing your money
Basic information from this Velocity Trade Review
| Website address: | https://velocitytrade.com/ |
| Operated by: | Velocity Trade International Limited |
| Licensed and authorised by regulatory bodies: | ASIC FCA AFM IIROC FSCA FMA |
| Supported languages: | English and French |
| Customer support available via: | E-mail, phone |
| Contact details: | [email protected] +44 20 3355 6336 |
| Available deposit methods: | Bank transfer |
| Available withdrawal methods: | Bank transfer |
| Minimum deposit: | 0 USD |
| Min. trade in lots: | 0.01 |
| Spreads: | Variable |
| Tradable assets: Might be a CFD. | Forex |
| Mobile app: |  |
| MetaTrader 4: | |
| Other trading platforms: | PFSOFT |
| Maximum leverage: The maximum available leverage can be limited by local financial regulators or by international regulations, in such case, the displayed maximum leverage may not match the leverage you can actually trade with. For instance, in the European Union, the financial regulator ESMA restricts the maximum available leverage to 1:30 when trading major currency pairs, 1:20 when trading minor pairs and commodities and 1:2 when trading cryptocurrencies. Similar restrictions apply in Australia and possibly in other jurisdictions. | 1:400 |
| Social trading: |  |
Frequently Asked Questions
🧐 Is Velocity Trade a Scam?
Velocity Trade is a broker licensed and regulated by the ASIC, FCA, AFM, IIROC, FSCA and FMA. While regulation gives to brokers much needed credibility, it still does not mean every regulated broker is honest. In order to be sure that Velocity Trade is not a scam, read our trader reviews and check other popular trading related websites and forums.
🆓 What is the Velocity Trade minimum deposit?
In order to start trading with Velocity Trade, you have to deposit at least 0 USD.
📵 What deposit and withdrawal methods Velocity Trade supports?
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
Between 74-89% of retail investor accounts lose money when trading CFDs
You should consider whether you can afford to take the high risk of losing your money ¹ Variable spreads, spreads recorded for the EUR/USD on 29.09.2024 at 11:42 GMT.
My experience with Velocity Trader has been a big loss. I paid to get advice for trading options, but my brokerage firm will not approve me to trade at the level required. So I have lost a thousand dollars for services I cannot use. Velocity Traders (Jim Fink’s minion) will not refund my money. I think it’s a scam.
Can we continue to use our existing brokerage account? Or open a new account with them.
can I use my broker I have Now