Velocity Trade Alternatives: Pros & Cons Updated for 2024
This alternatives to Velocity Trade guide has been updated for 2024 by industry experts with years of financial experience in Forex, CFDs, & Social Trading. We have worked to gather hundreds of data points about the alternatives to Velocity Trade to make sure you have as much information as possible to make an informed decision.
There are a lot of good alternatives to Velocity Trade like Startrader, freetrade, and easyMarkets. They all provide the same, if not more, benefits to their customers. If you feel that Velocity Trade is not quite right for you then it would be worth getting a demo account with a range of the top Velocity Trade alternatives and ensuring that they are a better fit for you before moving any money around.
The most detailed guide to Velocity Trade alternatives online
There are a lot of reasons Velocity Trade may not be a good fit for your trading needs. Whatever reason you are looking for the best Velocity Trade alternative or Velocity Trade competitor with similar services, we try to give you as much helpful information so you can make an informed choice. Below you can discover the best Velocity Trade alternatives.
For each of our alternative to Velocity Trade, we also highlight the key differences to Velocity Trade and for each platform feature show you the best alternatives. For each Velocity Trade alternative online trading platform listed we also have detailed trading platform reviews and guides that you can easily click to view elsewhere on comparebrokers.org, all based on hundreds of datapoints collected and reviewed by experts. If you are not happy with Velocity Trade, let us show you some great alternative brokeragesbrokers|online trading platforms|brokerages.
Using a professional and dependable trading platform is important for having a successful trading career. All of the Velocity Trade alternative brokers shown in this Velocity Trade alternatives guide have good reputations and fit what you are looking for.
Alternatives With Lower Minimum Deposit
Velocity Trade has a minimum desposit of $1, you should see how the minimum deposit requirements of Velocity Trade compare with the minimum deposits of Velocity Trade competitors. Online brokers offer lower minimum deposits to get traders to test them out, but having higher a minimum deposit requirement isn’t always a bad thing, it all comes down to your individual trading needs.
| Broker | Minimum Deposit | Find Out More |
|---|---|---|
|
Velocity Trade |
$1 | |
| freetrade |
$0 | |
| Uphold |
$1 | |
| ThinkMarkets |
$0 | |
| FreshForex |
$1 |
Alternatives Offering Demo Accounts
Velocity Trade offers demo accounts so you can learn their systems before risking any real capital. New traders can open a demo account in order to better understand the areas of Forex trading and test out some of the company’s features before signing up for a live account.
Below we detail some of the best alternatives to Velocity Trade that have demo accounts.
| Broker | Offers Demo Account? | Find Out More |
|---|---|---|
|
Velocity Trade |
Yes | |
| Startrader |
Yes | |
| freetrade |
Yes | |
| easyMarkets |
Yes | |
| PUPRIME |
Yes |
|
Alternatives Offering Negative Balance Protection
Velocity Trade offers negative balance protection. It's especially offered while the industry volatility prevents clients from letting their accounts go into the red. In such a scenario, Velocity Trade offers the ability to reset a customers account balance to zero.
You can go through the critical conditions on Velocity Trade's website to comprehend their policies better.
Below we detail some of the best alternatives to Velocity Trade that offer negative balance protection.
| Broker | Offers Negative Balance Protection? | Find Out More |
|---|---|---|
|
Velocity Trade |
Yes | |
| Startrader |
Yes | |
| freetrade |
Yes | |
| easyMarkets |
Yes | |
| Uphold |
Yes |
Alternatives Offering Guaranteed Stop Loss
Velocity Trade unfortunately, does not offer guaranteed stop loss. Velocity Trade provides an opportunity to its traders to close their trades in their specified price. Aside from that, Velocity Trade doesn't offer guaranteed stop loss.
Below we detail some of the best Velocity Trade alternatives that has guaranteed stop loss available for their customers.
| Broker | Offers Guaranteed Stop Loss? | Find Out More |
|---|---|---|
|
Velocity Trade |
No | |
| easyMarkets |
Yes | |
| Uphold |
Yes | |
| instaforex |
Yes | |
| FreshForex |
Yes |
Alternatives Offering Scalping
Velocity Trade do allow scalping. Several traders throughout the world select Velocity Trade due to their services that are trading. They offer trading on MT4, Mobile Apps which allow this.
Below we list some of the best alternatives to Velocity Trade that allow scalping functionality to their users.
| Broker | Offers Scalping? | Find Out More |
|---|---|---|
|
Velocity Trade |
Yes | |
| Startrader |
Yes | |
| freetrade |
Yes | |
| easyMarkets |
Yes | |
| PUPRIME |
No |
|
Alternatives That Allow Hedging
Velocity Trade do allow hedging. Many traders throughout the world choose Velocity Trade due to their large range of services. They offer trading on MT4, Mobile Apps.
Below we list some of the best alternatives to Velocity Trade that offer hedging services to their user base.
| Broker | Offers Hedging? | Find Out More |
|---|---|---|
|
Velocity Trade |
Yes | |
| Startrader |
Yes | |
| freetrade |
Yes | |
| easyMarkets |
Yes | |
| PUPRIME |
No |
|
Alternatives That Allow Social Trading
Regretably, Velocity Trade does not offer social trading.
Below we detail some of the best Velocity Trade alternatives that has social trading capabilities.
| Broker | Offers Social Trading? | Find Out More |
|---|---|---|
|
Velocity Trade |
No | |
| Startrader |
Yes | |
| freetrade |
Yes | |
| easyMarkets |
Yes | |
| PUPRIME |
No |
|
Alternatives That Allow Copy Trading
Regretably, Velocity Trade does not offer copy trading.
Below we list some of the best alternatives to Velocity Trade that has copy trading to their customers
| Broker | Offers Copy Trading? | Find Out More |
|---|---|---|
|
Velocity Trade |
No | |
| Startrader |
Yes | |
| freetrade |
Yes | |
| easyMarkets |
Yes | |
| PUPRIME |
No |
|
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