Velocity Trade Review
💲 Min Deposit $1000
⌛ Year Established 1999
💼 Regulation
💡 Min Position 0.01 lot
🌐 Website velocitytrades.com
🌎 Country
⚖ Max Leverage 1:200
Velocity Trade is a well-established broker since 1999. Velocity Trade has headquarters in New Zealand, Australia, United Kingdom, South Africa, Netherlands, European area and France. Velocity Trade to provide their Forex/CFD trading services to over 4 million clients.
This broker has also been regulated by Financial Dispute Resolution (NZ) FM0279, ASIC 329813, FCA 497263, FMA (New Zealand) FSP20003, FSCA 43295, AFM (Netherlands) 29.05.2020 and ESMA.
Account Information
Apart from the forex demo account, this broker offers Individual. To successfully navigate your trading account, you also need to consider about leverage and minimum deposit. Talking about leverage in general, the maximum leverage offered by Velocity Trade is up to 1: 200. Meanwhile, you can open an account with a starting capital of $1000.
Min Deposit
$1000
Max Leverage
1:200
Spread
Fixed
If you want to look for a more simple explanation regarding this broker's account type(s), take a look at the following chart:
💲 Min Deposit $1000
💡 Min Position 0.01 lot
🔢 Spread Fixed
📉 Scalping
🤖 Expert Advisors
⏱ Trailing stop
⏳ Pending orders
1️⃣ One-click trading
⚡ Automated trading
💸 Commission
Instruments Traded
Besides lots of currency pair, Velocity Trade also offers some instruments you would like to trade on, such as Forex, Gold & silver, CFD and Futures for your best choice. Somehow, remember that different instrument has different trading conditions. In this case, you have to make sure that your strategy is well suited for the instrument you chose.
As for Individual account, Velocity Trade specifically provides it with the following instruments and leverage:
Payment Methods
PayPal : Online payment was not a thing back in the early 2000s, but PayPal has been in the market since 1999 and thus deserves to be regarded as one of the first e-payment services in the world. The US-based company is popular across many online platforms, including forex brokers.
Wire transfer : Wire Transfer is the most commonly used payment method. Nearly all brokers in the world provide this method on their service. The reason is wire transfer is basically traditional transfer between banks in the worldwide. So, this method is guaranteed for its safety. This really helps traders who avoid third-party payments or don't have credit cards.
Velocity Trade also provides payment with Credit/debit cards and Check
Trading Platforms
Trading platform is a tool where you can buy or trade an instrument with only some clicks on your device, anytime and anywhere you want. In addition, price chart is also usually provided with some analytical tools to help you analyze the price movement, so you can increase your profitabiliy by placing well-planned trades.
Hereby, Velocity Trade offers you MetaTrader 4 (Limited with 30 days), Velocity Trade (Limited with 30 days) and TradingView (Limited with 30 days).
Customer Support
Do you have any question or find any trouble related to Velocity Trade? If you do, you should reach Velocity Trade's support to get the information that you need. Here is the detail of the broker's customer support:
Website Languages
Office Support
Email Support
Call Support
Chat Support
FAQ About Velocity Trade
A good broker constitutes a good service for traders in terms of many criteria including trading instruments, deposits and withdrawals, as well as customer support. What is good for a certain trader does not necessarily mean the same thing to you. So the term "a good broker" can vary in meaning. You can decide for yourself if Velocity Trade is a good broker for you or not by reviewing the criteria. In general, Velocity Trade provides trading service in Forex , Gold & silver , CFD and Futures . As for the payment methods, you can choose between PayPal, Wire transfer, Credit/debit cards and Check. The customer support is available via Email, Phone, Live chat and Office.
The starting capital in Velocity Trade is $1000.
Velocity Trade is regulated by Financial Dispute Resolution (NZ) FM0279, ASIC 329813, FCA 497263, FMA (New Zealand) FSP20003, FSCA 43295, AFM (Netherlands) 29.05.2020 and ESMA. A regulated broker equals a more responsible trading environment. You can also expect a more guaranteed safety of funds as some of regulatory frameworks in the financial industry require a compensation scheme in case of unprecedented incidents that result in clients' financial losses.
Velocity Trade is a brokerage company offering trading services for clients since 1999 with offices in New Zealand, Australia, United Kingdom, South Africa, Netherlands, European area and France.
