Velocity Trade Guide – Read our In-Depth Velocity Trade Review
This Velocity Trade review has been updated for 2021 by industry experts with years of financial experience in Forex, CFDs, & Social Trading.
Please note that due to regulations, the content in this Velocity Trade review does not apply to US users.
If you are a new entrant in the world of trading and brokerage, so many details will be perplexing for you. Getting into the world of trading demands expert analyzing skills and thorough knowledge. You will acquire adept at all the concepts of brokerage as you keep trading. For starters, you need to choose the right agent who will be clear with you constantly.
Within this fast-paced universe of stock markets and trading, you'll need advice to make proper decisions. A professionally direct investment plan will generate hefty returns. Velocity Trade is one such stage that will take you and your investment to great heights. It's crucial to know all about Velocity Trade until you trust them with your cash.
Our entire Velocity Trade Review covers everything you need to know about trading with Velocity Trade. A good agent can multiply your first investments and give you positive profits. If you want to earn profits, you must trade with a brokerage service that aligns with your investment objectives.
There's absolutely no sure-fire way to ensure profits; therefore, you must carefully analyze your agent before you choose them. It's a common misconception that all agents will be the same, but that is not true. Wrong judgment, in the beginning, can put your investments in danger.
Velocity Trade is a broker that has paved its way successfully to the broker world. In this review, we have attempted to collate a number of the vital facets of Velocity Trade. This review can help you to know whether Velocity Trade is a good match for your investments or not. We have attempted to breakdown all the qualities and fees for your convenience.
Velocity Trade Review, Table Of Contents
- Who are Velocity Trade?
- Benefits Of Trading With Velocity Trade
- Everything you should know about trading with Velocity Trade
- Is Velocity Trade Safe To Trade With?
- Pro's & Con's Of Trading With Velocity Trade?
- Compare Brokers Similar To Velocity Trade
- Regulation And Licencing In More Detail
- Velocity Trade Awards
- Minimum Deposit Required For A Live Account With Velocity Trade
- Velocity Trade Commission And Fees Explained
- Compare broker fees against Velocity Trade
- Velocity Trade Withdrawal Fees Explained
- Velocity Trade Deposit Fees Explained
- Compare Broker Deposit Methods
- What Can You Trade With Velocity Trade?
- Alternatives To Velocity Trade
- Frequently Asked Questions About Velocity Trade
Who are Velocity Trade?
Velocity Trade is a forex broker headquartered in Australia and provides a range of instruments for online trading. Since its establishment in 2008, Velocity Trade has emerged as a top player in the field of online brokerage. Velocity Trade has a highly competitive and full-featured trading site that's focused on currency, indices, metals, sharesand commodities.
Over the past 13 years, Velocity Trade has grown into one of the leading online brokers.
After launching in 2008, their customer base has become as large as 10,000+ clients.
Velocity Trade is a favorite of many traders.. Our Velocity Trade review found that they're an superb choice for automated trading options. It is best suited for investors that are searching for a variety of assets. Social and automated trading solutions are the core at Velocity Trade.
Technology plays a significant role at Velocity Trade. Velocity Trade features trading on Metatrader 4 - desktop, iOS and Android versions available.. Velocity Trade is honest, transparent, and also a well-regulated broker by the Australian Securities & Investment Commission (ASIC). Their outstanding array of resources will be beneficial for the majority of traders. Third-party partnerships also provide in-house research.
The trader resource department at Velocity Trade is very insightful for new dealers since it permits them to have a closer look in the financial markets. Velocity Trade caters to all sorts of traders and are a must-have broker for any well-diversified method of online trading.
If you feel that Velocity Trade is not right for you then at the bottom of this Velocity Trade review you wil find a lot of alternatives to Velocity Trade.
Everything you should know about trading with Velocity Trade
Velocity Trade is a lively platform that provides various methods of online trading. These instruments cover the financial markets substantially. Most of the broker platforms provide less methods than Velocity Trade
If you would like to trade with Velocity Trade, you will require a minimum deposit of $1. This deposit is required if you would like to begin trading with Velocity Trade. This 2021 Velocity Trade review will guide you safely about trading with them.
Velocity Trade is as versatile as any other broker platform. Velocity Trade is ideal for traders who want a manageable array of cheap services. The platforms provided by Velocity Trade are third party, white-label offerings. All traders can select from Metatrader 4 - desktop, iOS and Android versions available..
Together with everything, Velocity Trade has multiple benefits to new and verteran traders and should be investigated. There is no minimum time over which a transaction has to be kept open. The brokers provide premium client service which rewards customers with advantages.
Many unethical brokers attempt to pressurise users into larger funding for premium services. Velocity Trade, on the other hand, is more concentrated on trading volume. Traders can expect trading conditions to be just, honest and transparent. The more lots traded by the user, the more advantages will become available.
Velocity Trade accounts are available around the world and provides outstanding service wherever they have clients. There are only a select few countries where Velocity Trade accounts are not available. Traders in the following countries cannot open or use a Velocity Trade account:
Is Velocity Trade Safe To Trade With?
Launched in 2008, Velocity Trade has been operating for 13 years, they have a head office in Australia.
Velocity Trade is regulated by Australian Securities & Investment Commission (ASIC). These bodies have rules that make sure that trading platforms have ploicies in place to keep investor's assets procured. This means that Velocity Trade users do not need to be worried about their money as it is segregated and safely kept in banks that are established. SSL encryption secures every user's personal information also.
You can make use of an option for Two Factor Authentications (2FA) with Velocity Trade for increased safety. An SMS with the confirmation code will be sent to a phone. You will be asked to enter this code to log into your account.
Another concern with financial brokers is in regards to safety might be manipulation of trading. This is highly disadvantageous for consumers on those platforms. However, this is much more prevalent in the example of Market Maker brokers who compete with customers on the platform.
Pro's & Con's Of Trading With Velocity Trade
Every online trading platform has some ups and downs, and no Velocity Trade review would be complete without showing both sides. This Velocity Trade review covers both the pros and cons you need to know before you make an account. A comparative analysis can put things into perspective so that you are aware of what to expect.
Velocity Trade Pro's
- Velocity Trade is trusted by 10,000+ clients
- Velocity Trade doesn't charge inactivity fees
- Velocity Trade doesn't charge deposit fees
- Velocity Trade doesn't charge CFD fees
- Velocity Trade offer trading on Metatrader 4 - desktop, iOS and Android versions available.
- Velocity Trade offer 249 trading instruments
- Velocity Trade trades major forex pairs
- Velocity Trade trades exotic forex pairs
- Velocity Trade can communicate in
Velocity Trade Con's
- Velocity Trade does not offer Negative Balance Protection
- Velocity Trade does not offer Guaranteed Stop Loss
- Velocity Trade charge withdrawal fees
- Velocity Trade doesn't trade minor forex pairs
- Velocity Trade doesn't offer trading on cryptocurrencies
Velocity Trade Review - Compare Brokers Similar To Velocity Trade
|Regulated By||Australian Securities & Investment Commission (ASIC)||Unregulated||Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investment Commission (ASIC)||Cyprus Securities and Exchange Commission (CySEC), CIF license number 272/15|
|Find Out More|
|Risk Warning||Your capital is at risk||Losses can exceed deposits||Your capital is at risk||CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 72.80% of retail investor|
Velocity Trade Review - Regulation And Licencing In More Detail
Velocity Trade is regulated by Australian Securities & Investment Commission (ASIC).
Velocity Trade, as a company, has a strong set of rules for ensuring fair trading onto its platform. For information encryption functions, it provides an industry-standard secure socket layer (SSL).
In accordance with the organization's privacy regulations, customer data is never to be shared with some other institutions or individuals. Including credit history and other financial information.
Velocity Trade Review - Awards
- At the time of writing this Velocity Trade review, they had not received any awards.
Velocity Trade Review - Minimum Deposit Required
The minimum deposit that you must deposit to begin on Velocity Trade is $1. This is an adequate amount for those just starting out. It's possible to create more advanced residue as you cooperate. However, ensure that you understand how to make the most of your money before investing larger sums.
Velocity Trade Review - Commission And Fees Explained
Velocity Trade is an online brokerage platform, and many online brokerages charge lower fees than traditional brokerages tend to charge. The reason for this is that the companies of online brokerages are scaled better. That is, an online broker isn't necessarily affected by the number of clients they have.
However, this doesn't necessarily mean that online brokers do not charge any fees. They charge fees of varying rates for a variety of services to make money. There are mainly 3 different types of penalties for this objective.
The first sort of fees to look out for are trading fees. Whenever you make a genuine trade, like buying a stock or an ETF, you are charged trading fees. In such cases, you are paying a spread, funding speed, or a commission. The kinds of trading charges and the prices vary from broker to broker.
Commissions could be fixed or determined by the traded volume. On the flip side, a spread refers to the gap between the buying and selling price. Financing or overnight prices are people who are billed when you hold a leveraged position for more than a day.
Aside from trading fees, online brokers also charge non-trading fees. These are dependent on the activities you undertake on your account. They're charged for operations like depositing cash, not trading for long periods, or withdrawals.
Generally, Velocity Trade does not charge high fees in comparison to other online agents. For operations other brokers charge for, they either do not charge a brokerage fee, or they charge a lesser sum. This can be beneficial for those who often trade, such as weekly or daily trading.
However, non-trading fees billed by Velocity Trade are relatively greater. Consequently, you are charged more for non-trading actions in your trading account, such as withdrawal and deposits. These are not about the purchase and sale of resources.
This Velocity Trade review breaks down each of the applicable non-trading charges for you in detail.
Compare broker fees against Velocity Trade
Velocity Trade Review - Withdrawal Fees Explained
Velocity Trade charges a withdrawal fee when you make a bank transfer. Each time you transfer money into your bank accounts, these withdrawal fees become applicable.
Withdrawal of money is possible at any moment from the Velocity Trade account. It's possible to draw up sums to the sum of your account balance, keeping aside the margin utilized. 1 thing to keep in mind is that you don't always need to have any cash in your accounts.
Moreover, the withdrawn money will be moved directly to the accounts you use to make deposits. Therefore, if you used a credit card for deposits, then the withdrawn cash will be sent into the card. Velocity Trade will ask you to offer other withdrawal methods in case your details have changed since your deposit.
There is a minimum withdrawal amount. In the event you are withdrawing cash in various currencies from USD, a conversion fee is also important. The conversion fee will depend on the money you're choosing to withdraw in.
Velocity Trade Review - Inactivity Fees Explained
Understanding whether you will be charged inactivity fees is one of those buzzing questions which run through your head when open an account with Velocity Trade. An inactivity fee is an amount charged to registered traders that have not participated in purchasing or selling for a while. The period regarded as inactive is determined by the agent.
The inactivity fee also differs from one agent to another and is not generalized. If a traders account doesn't have a buying or selling transaction, it's claimed by the agent as an inactivity fee. The traders have to pay this fee under terms and conditions that they had consented while registering.
Velocity Trade doesn't charge inactivity fees so you are free to pop in and out of your account as needed
Even if no fees are indicated by Velocity Trade, it's best that you close the account if you're inactive. Inactivity fees aren't only charged by brokerage companies but also many financial services.
For additional trading platforms, the inactivity fee depends on the sort of account you have chosen. The inactivity fee is subjected to many circumstances and needs to be disclosed clearly by the agent beforehand.
Velocity Trade Review - Deposit Fees Explained
When you move money in your trading account from your bank account, a deposit fee can be billed by the broker. Most agents don't charge an excessive amount of money for this particular operation.
Velocity Trade doesn't charge deposit fees so you are free to transfer smaller amounts of money in more regularly if needed
Depositing money on the Velocity Trade trading platform is easy. You simply need to finish a single-user profile survey to start depositing money into your trading account. You will need to provide an identity evidence and evidence of residency to deposit large amounts.
Velocity Trade Review - Compare Broker Deposit Methods
What Can You trade With Velocity Trade?
Note: Velocity Trade provides a lot of different trading instruments due to regulatory restrictions in various countries. Trading instruments offered may be different based on the country of residence of the client.
Velocity Trade has a wide variety of over 249 instruments available for you to trade with.
If trading currency pairs is of interest to you then Velocity Trade offer over forex pairs.
Compare Velocity Trade, GDMFX, IronFX & ForexTB below.
Alternatives To Velocity Trade
If, after studying this Velocity Trade review, Velocity Trade doesn't fulfill your needs check out these Velocity Trade alternatives.
We've scoured the web to find the best alternatives to Velocity Trade. Click on the links below to learn more.
Frequently Asked Questions about Velocity Trade
Can I try Velocity Trade before I buy?
Yes, you can most definitely try Velocity Trade before you buy. Velocity Trade offers demo accounts for the convenience of new traders. You can use this feature to build your faith in the machine as well as yourself and your trading strategies.
If you register for a demo account on Velocity Trade, you may set out with a decent amount of virtual money. It's to establish a feeling of security and confidence in you until you decide to invest your own money.
With this digital Velocity Tradedemo account, you are able to experiment at all, to whatever length you wish. You can also start positions, examine different trading approaches, and much more.
Velocity Trade specifies on its official site which you are able to exchange real time stocks with your demo account.
Is Velocity Trade safe?
It is possible to drop all your worries since we believe that Velocity Trade is completely safe to use. It is in compliance with all the principles of Australian Securities & Investment Commission (ASIC).
Even so, Velocity Trade doesn't provide assured stop-loss protection.
Why does Velocity Trade ask for my passport?
The reason that Velocity Trade asks for your passport when you open a live account is to ensure that it remains within the rules of its regulated bodies. Because there is a lot of money moving around the world, Velocity Trade has to be careful that they don't breach any money laundering laws and part of that is know as KYC (Know your customer). This means that at all times, Velocity Trade must know exactly who they are dealing with so that if there is any investigation they are comfortable that they are well within the law.
How can I start trading with Velocity Trade?
The process to start trading withVelocity Trade is perhaps simple enough to be a cakewalk. You need to begin by signing up on the Velocity Trade website. It will require you to fill in details pertaining to the credibility and security of your account.
Once you are done setting up your profile, you must deposit a minimum amount to get started. The minimum deposit for a live acocunt with Velocity Trade is $1. You should have a good hold over the nuances of online trading before you set out and trade with real money.
If you are confident of your knowledge and understanding, you can open an account with Velocity Trade.
The best way to kickstart your trading career with Velocity Trade is to open a demo account facility before risking any real money
What funding methods do Velocity Trade accept?
There are a number of ways to finance your account with Velocity Trade. The process is effortless and quick, with various payment methods in your fingertips.
You can use debit or credit cards Which range from Visa, Diners, and Maestro to MasterCard and Visa Electron. PayPal is also at your disposal for depositing funds. You must keep in mind that PayPal is not available in all place. The monies Velocity Trade
Is my money safe with Velocity Trade?
Yes, your money is safe and secure with Velocity Trade. As you already know, Velocity Trade operates with good conformation to. It has established plenty of steps to guard all of its own investors.
Velocity Trade protects its clients' private and sensitive information under SSL encryption. Your funds will be retained highly secure in top-tier banks.
If you wish to further safeguard your accounts, you can empower Two-Step Verification also. It requires an SMS affirmation that you access your accounts.
Is Velocity Trade trading good?
Yes, trading via Velocity Trade is a nice and decent experience indeed. It's an excellent and intuitive platform with useful features for your simplicity. In addition, you could even obtain access to a huge selection of educational tools and assistive substance to kickstart your trading expertise.
If you are still skeptical, it is possible to start a eToro demo account and assess the trustworthiness of the platform for yourself.
Which Countries does Velocity Trade support?
Velocity Trade operates across the globe. However, due to regulations there are some countries that Velocity Trade do accept clients from
Is Velocity Trade legit?
Velocity Trade is a legit company headquarted in Australia since 2008. They are regulated by Australian Securities & Investment Commission (ASIC). Velocity Trade is an acclaimed fintech company, which operates with transparency. You will not have to bear any hidden costs or be a victim to any scams.
Is Velocity Trade a good broker?
Velocity Trade is a great broker, and its own users can vouch for it. The highlight of the platform is its fast order execution on trades.
You'll find the clean design of the platform along with the admirable features that a pleasure to work with.
Is Velocity Trade a trustworthy broker?
Yes, Velocity Trade is a trustworthy broker. Top-tier financial authorities regulate all operations. Over 10,000+ users registered with them can reaffirm their trustable nature.
What is the minimum deposit for Velocity Trade?
The minimum deposit to open a live account with Velocity Trade is $1
How long do Velocity Trade withdrawals take?
Normally, withdrawal of money from Velocity Trade is actioned within a couple of working days but depending on the withdrawal method chosen, it could take up to 7 working days for the withdrawal from Velocity Trade to show in your bank account.
Are Velocity Trade regulated?
Velocity Trade are regulated by Australian Securities & Investment Commission (ASIC)
Is Velocity Trade a market leading broker?
Velocity Trade is indisputably one of the business leaders. It has over 10,000+ registered users and over 13 years of experience on its own record. They're one of the world's leading trading platforms and a dominant figure in the Fintech revolution.
It simplifies this standing to its unbelievable platform and broad range of resources plus tools so you may invest in capital markets.
Is Velocity Trade a con?
No, Velocity Trade is not a con. They are regulated by Australian Securities & Investment Commission (ASIC) and must adhere to their rules. Thus, it is safe to say that Velocity Trade is not a scam.
Can you make money with Velocity Trade?
Through Velocity Trade, many traders earn a lot of cash. But on average, through consistent trading, you also can make between 2% - 10% profit a month.
This can look to be a little number, but within the entire year, this adds to a substantial amount of gains. Even though Velocity Trade provide you all of the tools to make money, they can't guarantee that you will profit.
Does Velocity Trade have fees?
Yes. To start trading with Velocity Trade, you have to deposit $1. Particular commissions while trading also applies. Any processing fees from your bank might have to be incurred by you.
When was Velocity Trade founded?
Velocity Trade was founded in 2008 in Australia. Velocity Trade is regulated by Australian Securities & Investment Commission (ASIC).
How many people use Velocity Trade?
Velocity Trade is a worldwide recognised broker with 10,000+ customers.
Where is the Velocity Trade head office?
Velocity Trade has its head office in Australia
Does Velocity Trade offer negative balance protection?
No. Velocity Trade does not provide negative balance protection. If your balance is unfavorable, Velocity Trade indicates you contact client services. For this, you are able to correct any imbalances within your own account.
Does Velocity Trade offer guaranteed stop loss?Velocity Trade unfortunately, doesn't provide guaranteed stop loss. Velocity Trade gives a chance for its dealers to close their trades at their given price. Aside from this, Velocity Trade does not offer guaranteed stop loss.
Does Velocity Trade allow scalping?Yes, Velocity Trade do permit scalping. Several traders across the world choose Velocity Trade due to their scalping services. They offer trading on Metatrader 4 - desktop, iOS and Android versions available. which let this.
Does Velocity Trade allow hedging?
Yes, Velocity Trade does allow hedging.
Can you trade energies with Velocity Trade?
Yes, you can trade energy stocks with Velocity Trade
Can you trade agricultural shares with Velocity Trade?
Yes, you can trade agricultural stocks with Velocity Trade
Can you trade cryptocurrency with Velocity Trade?
No, unfortunately you cannot trade cryptocurrency with Velocity Trade
Can you trade metals with Velocity Trade?
Yes, you can trade metals with Velocity Trade
Can you trade UK Shares with Velocity Trade?
Yes, you can trade UK shares with Velocity Trade
Can you trade US Shares with Velocity Trade?
No, unfortunately you cannot trade US shares with Velocity Trade
Can you trade Japanese Shares with Velocity Trade?
No, unfortunately you cannot trade Japanese shares with Velocity Trade
Can you trade German Shares with Velocity Trade?
Yes, you can trade German shares with Velocity Trade
Does Velocity Trade accept bank transfers?
No, Velocity Trade does not accept bank transfers.
Does Velocity Trade accept credit cards?
No, Velocity Trade does not accept credit cards.
Does Velocity Trade accept PayPal?
No, Velocity Trade does not accept PayPal.
Does Velocity Trade accept Skrill?
No, Velocity Trade does not accept Skrill.
Does Velocity Trade accept Payoneer?
No, Velocity Trade does not accept Payoneer.
Does Velocity Trade accept Neteller?
No, Velocity Trade does not accept Neteller.
Does Velocity Trade offer Live Chat customer support?
No, Velocity Trade does not offer customer support through live chat.
Does Velocity Trade offer phone customer support?
No, Velocity Trade does not offer customer support over the telephone.
Does Velocity Trade offer email customer support?
No, Velocity Trade does not offer customer support through email.
What languages can Velocity Trade communicate in?
Velocity Trade has the ability to communicate and support customers who speak:
Does Velocity Trade have a wikipedia page?
No, Velocity Trade does not have an official wikipedia page.
Does Velocity Trade offer demo accounts?
Yes, Velocity Trade offers demo accounts so you can learn their systems before risking any real money.