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Velocity Trade review
Velocity Trade

On-line since: 2007
Country of origin: New Zealand
Regulation: FSP, AFSL, FCA
Payment options: bank transfer, PayPal, credit and debit, checks
Minimum account size: $1000
Minimum lot size: 0.01 lot
Leverage: up to 1:200
Spreads: from 2.2 pips

About company:

Velocity Trade was founded in 2007 as a dealer center. Clients of Velocity Trade are backed by a global team of professionals located in Toronto, Montreal, Sydney, Auckland, London and Cape Town. Through its global network of subsidiaries, Velocity Trade provides corporate and institutional clients with brokerage services on Forex and various exchange markets.In addition, the broker provides consulting and asset management services.

The company and its subsidiaries are regulated by different regulators worldwide, including the Financial Conduct Authority (FCA) in Great Britain, the Investment Industry Regulatory Organization of Canada (IIROC), the Australian Securities and Investment Commission (ASIC), and the Financial Services Board (FSB) in South Africa.

The broker’s main trading conditions:

Trade managers of the company offer stock exchange services on international markets as well as acquiring. Transactions are executed using the technology of direct market access (DMA), which allows investors to work directly with the order book of an exchange.

Velocity Trade’s customers can use a full range of forex products and services competitive for institutions and corporations.

Velocity Trade enables trading precious metals and hedging which are conducted thanks to the support of offices located in the world's key extraction regions. These offices work 24/6.

Velocity Trade has formed a strategic alliance with TMX Insights to provide clients with comprehensive forex market analytics, financial contents, tools, and applications to help traders make the best trading and investment decisions.

Besides, the broker renders various services depending on a specific region such as Canada, Europe/United Kingdom, South Africa, Australia, and New Zealand.

The company is the official partner of Rugby Canada’s National Senior  Men’s Sevens.

Velocity Trade 2/10 (votes 2196)
Author of Velocity Trade: Addeen | Date 2019-05-12
I have the worst trade experience on the online Velocity Trade platform. While Velocity Trade broker has MT4 platform. But isn't reliable too. Because the price chart is always different from the live market, especially their execution is too slow at the news time. Also, their payment service is painful too. I am unable to withdrawan $145 profit yet. So I say Velocity Trade is the unprofessional broker in the market.
Author of Velocity Trade: Jemor | Date 2018-11-22
I have been trading at Velocity Trade for almost half a year already and I am thinking of looking for another broker now. It could have been fine since the platform does not have a lot of issues. In fact, for me the platform is pretty stable on normal market condition. But the problem is that trading at this broker is too expensive. Their spread is higher than its competitors and there are additional fees when withdrawing and depositing fund. Those extra fees when gathered together would sum up to a great value which could have been added to my fund but instead goes to the broker.
Author of Velocity Trade: Georgianapip | Date 2018-04-30
Stay away! I deposited 1000$ with PayPal, all good and nice the first month. After I applied for a withdraw of 150$ profit and took almost 1 week to get the approval, the platform started to crash. I traded for just 2 months after that, time which I lost 500$ from my deposit with Stop Loss changed, manipulation of the prices and delays on the platform. I requested to withdraw the rest of my funds, and they deny my request for 3 times in a row even though I send them all the requested papers. Now I don't have other choice then to keep trading till I will loss all my money. Velocity Trade is a scam!
Author of Velocity Trade: Cynthia | Date 2018-03-14
Velocity trade is a scam, plain and simple. I have close my account with them know cost me to LOOSE $580 in 2 weeks because of bad platform shut down many times when my trade is going in my favour, I will never recommend this broker to any trader!
Author of Velocity Trade: SihleNene | Date 2017-11-09
Recently I am trading with the Velocity Trade by their online Velocity Trade platform. While they had MT4 platform. But I have experienced both platforms isn't reliable. Because their price chart is different from the current market, it is too slow and it could freeze any time, especially in the news time. On September I had deposited $1000 in a Standard account's and make $320 profit. But I am unable to withdrawal $100 via debit card due to some condition.So I called their support for help me to get my money as early as possible. But they said it is still processing and the money will be transfer to my bank account within 4 working days. I think Velocity Trade service is unprofessional, So now I decided to move another broker.
Author of Velocity Trade: Winneifx | Date 2017-09-16
I was a client of Velocity for 4-5 months, and now I closed my account because their platform MT4 have delays or crashes during volatility times. I deposited 1000$ when I opened my account and the money were credited in 2 working days even though i deposited with PayPal, they needed to verify my account. I traded with them Equities and Commodities such as Gold/Silver. I lost the first couple of months 600$, the next month I gain back some money 150$, but the platform still wasn't working with real prices, and the spread were changing during news release in the morning. I called their support team but they weren't able to help. I requested to withdraw my money 450$ I had left and I waited 2 weeks to have my money. I closed my account, the brokers is not reliable.
Author of Velocity Trade: James | Date 2017-08-18
I had a demo account with this broker, and after made a deposit of $1000, but I confess that I did have such good times with them, first because considering the price of the initial investment they have too many limitations in their services, like for example no mobile trading, and no webtrading, also they do not have a pamm accounts. Their spreads can get high reaching 5 pips depending on the market, When trading with USD/CHF my S/L orders hit the price and did not close with no explanation, as a result I had a huge loss, when i asked their support they did not give me a reasonable reason and implied it was only my fault.
Author of Velocity Trade: Ben | Date 2017-07-28
Lot of bad reviews about them! Stay away. Velocity trade manipulates its platform prices, hunts stop losses that cost me $450 in losses. Velocity market maker action never ends until client account loose.
Author of Velocity Trade: burak_bulut1907 | Date 2017-07-10
for over 3 years trading with them, this is the only moment I am pissed off from the way one of their CS represntative treat me! He was scolding at me and telling me that they have the right to reject the amount I am going to withdraw! They are not allowing to me to withdraw a big amount and I wanted it to be in just one transaction! what he did was he hung up and i heard him saying vulgar words about me! I can hear him saying it and i think he forgot to mute me!!! He is such a stupid person to talk to! I will never ever contact their support again!

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