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Velocity Trade

Velocity Trade is considered a low-risk, highly regulated broker. It is licensed by multiple respected financial regulators including the FCA, ASIC, and IIROC, providing strong client protection and transparency across all operational regions.
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Website: www.velocitytrade.com
Minimum Deposit: $0
Leverage: 1:30 to 1:500
Trading Platforms: MetaTrader 4 (MT4), PFSOFT
Regulation: FCA (UK), ASIC (Australia), IIROC (Canada), FMA (New Zealand), BaFIN (Germany), FSCA (South Africa)
Headquarters: UK, Canada, Australia
Founded: 2007

Regulatory Licenses:

  • FCA (UK) – No. 497263
  • FMA (New Zealand) – No. FSP20003
  • ASIC (Australia) – No. 329813
  • IIROC (Canada)
  • BaFIN (Germany) – No. 43295
  • FSCA (South Africa)

Pros and Cons

Pros:

  • Multi-jurisdictional regulation from top-tier authorities
  • Offers Direct Market Access (DMA)
  • MT4 available with ECN-style execution
  • Institutional-grade services and technology

Cons:

  • Above-average trading costs
  • No demo account available
  • Limited range of instruments (primarily FX and CFDs)
  • Lacks comprehensive educational resources

Is Velocity Trade Safe?

Velocity Trade is considered a low-risk, highly regulated broker. It is licensed by multiple respected financial regulators including the FCA, ASIC, and IIROC, providing strong client protection and transparency across all operational regions.

Trust Score: 9.0/10

Key Highlights at a Glance

  • Platforms: MT4, PFSOFT
  • Products: Forex, CFDs, Commodities, Equities
  • Average EUR/USD Spread: 3.0 pips
  • Minimum Deposit: $0
  • Demo Account: Not available
  • Customer Support: 24/5 via email, phone, and online form
  • Leverage: Up to 1:500 (varies by region)

Trading Platforms

Velocity Trade supports:

  • MT4: With LD4 and NY5 execution, dark pool access, non-bank liquidity, and OTC options.
  • PFSOFT: A customizable multi-asset platform for advanced institutional clients.

Platform Score: 4.0/5

Trading Fees and Spreads

  • Fee Structure: Primarily commission-based
  • EUR/USD Spread: ~3.0 pips (above industry average)
  • Swap-Free Accounts: Available
  • MAM/PAMM: Available for professional money managers

Fee Score: 4.1/5
Spread Score: 3.5/5

Leverage

  • UK, EU, AU Entities: Up to 1:30
  • South Africa: Up to 1:200
  • New Zealand: Up to 1:500
  • Canada: Up to 1:40

Deposits and Withdrawals

  • Minimum Deposit: $0
  • Methods: Bank wire (primary method)
  • Fees: No internal fees; bank fees may apply
  • Demo Account: Not offered

Funding Score: 3.8/5

Customer Support

  • Hours: 24/5
  • Languages: Varies by jurisdiction
  • Channels: Phone, Email, Web Form

Support Score: 3.95/5

Educational Resources

Velocity Trade does not provide tutorials, webinars, or educational tools for new traders. While the broker is robust for professionals, beginners may need external resources.

Education Score: 2.5/5

Final Verdict

Velocity Trade is a globally regulated, institutionally oriented broker that offers robust execution and high-level trading technology. It is best suited for experienced and professional traders, corporate clients, and institutional managers seeking access to ECN-style execution and advanced account structures like MAM/PAMM.

Recommended For:

  • Advanced Forex and CFD Traders
  • Professional and Corporate Traders
  • MT4 Platform Users
  • High Leverage Traders (Outside EU/UK/AUS)
  • Traders Seeking DMA and ECN Access

Overall Score: 7.9/10