Velocity Trade review

Information source:
The source of this information is the website and the broker's trading platform listed in the Web section of this review. The operator of this website does not verify this information and is not responsible for its accuracy, completeness, timeliness, truthfulness or the compliance of a broker with legal regulations. Please verify whether the broker is authorized to provide its services in your country of residence in accordance with the legal regulations that apply to its business.

In this review we compared Velocity Trade with competition based on ⏩ fees, spreads, offer of trading assets and experience of traders. Velocity Trade legally operates in the United Kingdom, Australia and South Africa thanks to FCA, ASIC, AFM, IIROC, FSCA and FMA licenses.


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 Velocity Trade review

About the broker

Web:https://velocitytrade.com/
Readers' rating4 Votes
20
License:ASIC FCA AFM IIROC FSCA FMA
Supported languages:English and French
Year of foundation:2007
Holder: Velocity Trade International Limited
Headquarters:Second Floor, Queen’s House, 8-9 Queen Street, Cheapside, London, England EC4N 1SP, United Kingdom
Methods of contacting customer support:E-mail, phone
Contact:sales-uk@velocitytrade.com +44 20 3355 6336
Deposit methods:Bank transfer
Withdrawal methods:Bank transfer

About trading with Velocity Trade

Minimum deposit:0 USD
Min. trade:0.01
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
Spreads:Variable
Underlying assets:
Might be a CFD.
Forex
Mobile app: Yes
MetaTrader 4:Yes
Other trading platforms:PFSOFT
Social trading:No

Random reviews of competing CFD brokers: Kridex, DayTradeTheWorld, IXSecurities and CapXM

The broker has not yet been rated by the visitors of the website. Write a review.

Frequently Asked Questions

🧐 Is Velocity Trade a scam?

We highly recommend you to read the user reviews on our website before you start trading with this brokerage company. It will help you to determine if Velocity Trade is a scam or not.

🆓 How to open a free demo account?

Opening a demo account with Velocity Trade is very simple, just register on their website.

📱 Does Velocity Trade offer the best mobile app for trading?

Velocity Trade offers a mobile trading app and you can definitely start trading with it. It is very difficult and subjective to determine if they feature the best mobile platform. However, you are welcome to test it yourself.

We compared some reputable brokers and their mobile trading apps, check out the comparison and be saved from the hassle of testing the Velocity Trade mobile app.

⚖️ Would you recommend me Velocity Trade?

Velocity Trade is one of tens (possibly hundreds) of brokers operating in the United Kingdom, Australia and South Africa, and that's why it makes no sense to choose Velocity Trade as a broker where you trade before you compare it with competitors.

Is this an ad?

We operate our website in full transparency, we recommend reliable brokers with an excellent reputation and we honestly admit to you that we receive commissions for that from these brokers. You can find the mentioned brokers in the table below with a clickable link to their site. You don't pay anything extra, you get a reliable business partner and you help us keep the website up and running. Thank you.

BrokerEnglishMin. depositSpread EUR/USD*PlatformsLicense
Readers' rating148 Votes
73
100 USD 0.8 pips
Spread was taken 15.02.2021 at 09:55 from the web or trading platform of Plus500.
In-house built platformFCAASICCySecplus500.comreview EUR/USD*: 0.8 pips
Spread was taken 15.02.2021 at 09:55 from the web or trading platform of Plus500.
Readers' rating93 Votes
62
50 USD 1.0 pips
Spread was taken 15.02.2021 at 09:55 from the web or trading platform of Etoro.
In-house built platform FCAASICCySecetoro.comreview EUR/USD*: 1.0 pips
Spread was taken 15.02.2021 at 09:55 from the web or trading platform of Etoro.
68% of retail CFD accounts lose money
Readers' rating185 Votes
80
0 0.9 pips
Spread was taken 17.01.2020 at 21:19 from the web or trading platform of XTB.
In-house built platformFCA CySecxtb.comreview EUR/USD*: 0.9 pips
Spread was taken 17.01.2020 at 21:19 from the web or trading platform of XTB.

* The spread is variable for most brokers and changes depending on market volatility.


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.

Comparing spreads, fees, trading platforms, regulations and reading dozens of user reviews of all popular FX and CFD brokers is very time-consuming for every trader. That is why we have done all this hard work for you so you could already only start trading with a company that features a quick modern trading platform, a large variety of assets and a quick customer service. From our comparisons, all these criteria are met by Etoro 68% of retail CFD accounts lose money - advertising partner.

Selecting an unsuitable broker can put even a great trader at a loss.

That is why it is important to choose the right one. Choosing the right broker often stands between profit and loss. Don't you know how to choose? We have prepared an independent article for you, which will help you with your broker selection. You will get to know, what factors are important to watch out for when you are choosing a forex/CFD broker.

If you have any experience with Velocity Trade, please share it in the comments to help others to choose the suitable broker.

Velocity Trade review & user ratings

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Reliability and reputation are deposits and withdrawals without a problem, does the broker scam people?
Spread and fees
Trading platform, offer of trading assets speed, reliability, functions and user-friendly environment
Customer support speed, availability, availability in the language you speak
Total score

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