While reviewing brokers and choosing the one to trade with make sure to verify necessary details and see trading conditions in detail. Here at 55brokers we assist by Velocity Trade Review among numerous others.
What is Velocity Trade?
Velocity Trade is a global brokerage firm that delivers its trading environment and opportunity through a range of global entities located in some of the main jurisdictions around the world. These entities including offering designed across Australia, Canada, South Africa, Oceania, UK and Europe and more, which also may be slightly different due to regulatory requirements.
International trading utilized through a group of companies Velocity Trade combined in, thus offering equity, currency, commodity and more trading through an extensive level of risk management combined with opportunities over traditional models.
Velocity Trade offers trading access to over 40 exchanges, including the US, Australia, Canada, UK and South African markets which maintain global exposure through the market you desire to trade.
While the broker was established back in 2007, it maintains powerful trading capability and ever since serves as a trusted partner to numerous traders and institutions. The execution model is performed through STP which gives independence to investment through technology and unparalleled performance.
Nevertheless, to understand offering in a detail you should always check the most important information of the broker’s proposal. In this purpose this review covers the following highlights:
So going to the most important topic within our Velocity Trade review, we should understand if the broker is regulated or in simple words trustable company to trade with. As we discover, Velocity Trade is not only regulated broker in one entity, but a global trading provider that hold multiple licenses from the world recognized authorities regulation Forex industry. These registrations include FCA from the UK, Australian ASIC, Canadian IIROC, FMA from New Zealand’s and South Africa FSCA. You may also learn more why trade with ASIC regulated brokers by the link.
Velocity Trade International Limited
Velocity Trade Limited
Velocity Trade Limited
Velocity Trade Holdings Ltd.
Velocity Trade Financial Services (Pty) Ltd.
Therefore and according to regulatory requirements Velocity Trade obliges in each jurisdiction it delivers service, there are numerous outcomes in terms of how the company operates a business or manage client funds, services and so. Even though each jurisdiction provides slightly different trading conditions or allowed, regulated, opportunities, less or more all are concerned about traders’ security, the integrity of the financial investment and of course reputable, transparent investment for all the parties.
Velocity Trade Trading Platforms
Velocity Tradechooses as its execution software industry leader MetaTrader4 which is not a surprise due to powerful MT4 capabilities and a full range of features. Since also VT provides investment opportunities, including Capital Raising, Advisory, Investment Organization solutions available for private and capital markets across various jurisdictions and between countries. These options provide the client with additional tools, permitting to enhance traditional trading.
Nevertheless, MT4 offering not only a full range of instruments and industry-leading technology optimization over the trading process but also VT executes trading through LD4 and NY5 engines through ECN style by giving full amount liquidity. Meaning, you will be trading trough a dark pool and non-bank liquidity access with unique opportunities. Also together with a great range of available assets, Velocity Trade enables the trade of OTC vanilla options and precious metals all delivered with great support from global offices of VT.
Also, together with its powerful software, Velocity Trade partners with TMX insights alliance with a purpose to deliver FX and Equity data analytics.
Velocity Trade Costs and Fees
There are no specified conditions on account or another, all the differences between offering referred to an entity of Velocity Trade you are going to trade with. It happens due to regulatory restrictions, requirement and specified conditions so it is better to contact customer service before you sign in and to receive all trading details according to your residence.
Velocity Trade Spread
Velocity Trade spreads obviously defined by the region you are trading through, as various exchanges may apply slightly different conditions. However, the spread offering for EUR/USD pair is averaged to 3 pips. Also, there might be some other commission charges due to DMA market access which are also defined by the entity of Velocity Trade you operate with. Also, the broker mentions its tailored solution according to the trading style and needs you to use, so the conditions may diverse.
Nevertheless, for your information, you may see the trading fees of another broker Invast Global.
Also, corporate clients or managers have a full range of MAM or PAMM accounts, with unique possibilities and great performance. Moreover, there is an option to open swap-free account for those requires so, which is an account available for day-trading only.
Velocity Trade Leverage
While trading with Velocity Trade, obviously you will be offered also to leverage your positions in reverse bringing opportunity to gain extra exposure to the markets. However, always learn how to use leverage smartly. While Velocity Trade obliges and integrated to various regulatory requirements there are different levels of leverage offered in each jurisdiction Velocity Trade operate.
For more details, you may always contact support or customer service that remains on hand at any step of your trading. Generally, if you are trading with the UK or European entity you will use lower leverage of maximum 1:30 due to recent restrictions, an Australian broker still offers high leverage levels like 1:200,1:400 or 1:500. South Africa and New Zealand may offer also levels up to 1:200, while Canadian entity will restrict you to 1:40.
What funding methods Velocity Trade uses?
And once you made a decision to sign-up for a live account, all money transfers and management available through an online account where you may choose between payment methods. Obviously, Velocity Trade des not say much about its payment options, neither conditions it means the most common option Bank Wire remains as your options.
Velocity Trade minimum deposit
Also, Velocity Trade does not mention a minimum deposit. So, it is also rather Velocity condition that enables the company offer tailored solutions according to the client need, size you are going to operate, instrument and of course depending on the entity region as well.
Conclusion on Velocity Trade
Even though within Velocity Trade Review we couldn’t find too many details provided by the broker itself about its trading conditions or costs, overall the company seems to be a reputable brokerage firm. It is not only regulated in one entity but in various world leading financial hubs, which confirms a strong establishment base. Also, it is more obvious Velocity Trade manly serves institutions and corporations due to its high development of procedures, as well as particularly designed products. So with our view, Velocity Trade might be an interesting opportunity for the traders of bigger size or those experienced in Forex already, beginners better refer to other brokers.
Nevertheless, we would be glad to know your personal opinion about Velocity Trade, so share your experience in the comment area below, or ask us for some additional information.
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