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Velocity Trade review

Velocity Trade review: regulation (FSP20003), minimum deposit 100, leverage up to 1:200, platforms and current bonuses.

Open account
Minimum deposit100
Max. leverage1:200
Spread from1.0
Founded2013

Trading conditions

Broker type
STP
Minimum deposit
100
Maximum leverage
1:200
Minimum spread
1.0
Platforms
MetaTrader 4 (MT4)
Account currencies
USD

Bonuses

No deposit bonus
No
Welcome bonus
Yes
Other promotions
Yes

Accounts and features

Demo account
Yes
Islamic account
Yes
Swap-free
Yes
Mini account
Yes
VIP account
Yes
Managed account
Yes
Segregated funds
Yes
Hedging and scalping
Yes
News trading
Yes
Mobile trading
Yes
Web trading
Yes

Deposits and withdrawals

Deposit methods
Bank Transfer Credit Card Debit Card Moneybookers WebMoney Neteller Cashu
Withdrawal methods
Bank Transfer Credit Card Debit Card Moneybookers WebMoney Neteller Cashu

Company

Regulation
FSP20003
Founded
2013
Country
New Zealand
Address
Level 7, PWC Tower188 Quay StreetAuckland 1010New Zealand
Website languages
Arabic English French Greek Latvian Russian
Phone
+64 9 918 8800
Email or Skype
[email protected]

Velocity Trade pros and cons

Pros

  • Regulated by FSP20003
  • Low minimum deposit: 100
  • Scalping and hedging allowed
  • Swap-free Islamic accounts available
  • Free demo account
  • Trading platforms: MetaTrader 4 (MT4)

Cons

  • No no-deposit bonus at the moment
  • Conditions and bonuses can differ by regulated entity

Velocity Trade FAQ

Is Velocity Trade a safe and regulated broker?

Velocity Trade was founded in 2013 and is regulated by FSP20003. Client funds are held in segregated accounts. Your protection depends on which Velocity Trade entity opens your account.

What is the minimum deposit at Velocity Trade?

The minimum deposit at Velocity Trade is 100. Payment providers may set their own minimum amount.

What is the maximum leverage at Velocity Trade?

Velocity Trade offers leverage up to 1:200. Regulators in the EU, UK and Australia cap retail leverage lower, usually at 1:30 on major forex pairs.

Does Velocity Trade offer a no deposit bonus?

No. Velocity Trade does not currently offer a no deposit bonus. It offers a welcome promotion: Yes. See our forex no deposit bonus list for brokers that do.

Which trading platforms does Velocity Trade offer?

Velocity Trade supports MetaTrader 4 (MT4). Mobile trading is available.

Does Velocity Trade allow scalping, hedging and news trading?

Yes. Scalping and hedging are allowed, and news trading is allowed.

Does Velocity Trade offer an Islamic (swap-free) account?

Yes. Velocity Trade offers swap-free Islamic accounts with no overnight swap charges.

Risk warning: Forex and CFD trading on margin carries a high level of risk and may not be suitable for all investors. Bonus offers are provided by third-party brokers and can change at any time.

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Velocity Trade – NoOpen account