Velocity Trade Review – Online Platforms, Commission, Leverage, Account Types, Features & more

Find out all details about the Velocity Trade here.

It is a big name and is not something new for anyone who is well aware of the trading industry.

Traders and individuals who especially find themselves elevated towards forex trading tend to be a partner with Velocity Trade in order to make their trade a little more fruitful.

This article about Velocity Trade contains the present date information about the company along with various hooks and nooks which we believe you should know before making your trading decisions with them.

About Velocity Trade & Accepted Countries

As the topic of concern here is Velocity Trade, it’s best to start with the countries it has offices in or the people it serves.

Velocity Trade functions only in those companies where they have a government-affiliated authorization, thus the offices reside in countries or cities like Toronto, London, Sydney, and three to four other countries.

The key pointer to note down is that the company is very strict in their ways of binding with the government authorities, thus this directly points towards the fact that your funds at Velocity Trade are safe!

Trading itself is no child’s play and so much information about the same is required.

Thus, it’s always advised for individuals who freshly set foot in the industry to club in with a body that has been serving or dealing with complex situations daily.

There is only so much to learn and see that it surely will help any individual further in the race. Thus, Velocity Trade is one of those bodies.

The company serves one of the very distinguished corporate houses and individuals, so one can only imagine what they have in their pocket for everyone.

Open a Forex Trading Account Now! – Fill up the Form

Velocity Trade Trading Platforms

It chooses to provide its clients with a one-stop solution when the topic of trading platforms arises.

It chooses to provide its clients with the MetaTrader4.

The MetaTrader 4 comes with an all-in-one feature and is very distinguished in the arena of all the trading platforms to date.

The MT4 offers a full range of instruments and a technology that provides industry-leading optimization over the trading process.

However, that’s not all of what Velocity Trade has in their pocket for you, the company joins hands with TMX insight alliance in order to deliver FX and equity data analytics.

Velocity Trade Mobile App

This mobile app is available to the clients at Velocity Trade.

The app serves the purpose of making it possible for individuals to trade anytime anywhere.

The app comes with a unique and powerful blend of features, delivered especially to have you experience how it’s like to be served with the best.

However, the app also comes with a one-click registration.

One can customize their push notifications to gain insights into the current news or useful data. But the best part about the Velocity Trade app is you can use it on your iOS, Android, and windows.

Thus, now, you take the market in your pocket just with your cell phone.

Check out Mobile Apps of more Forex Brokers

Velocity Trade Commission or Brokerage or Fees

It is an online brokerage platform and thus compared to a traditional brokerage portfolio, the brokerage at Velocity Trade tends to be less.

Nevertheless, a complete brokerage or commission about the company can be thoroughly understood through their various account types, as every account type carries a different brokerage.

Starting with it’s center account, this very account starts with spreads being 1.8 pips and commission here is a solid $0.

Leverage at Velocity Trade is offered in abundance, thus the leverage with this account is $1:400 with max trade being 0.01 lost to 1000 lots.

The minimum deposit required to open this account is $10.

The company has other such accounts as well, which proves to be very beneficial for beginners.

However, talking about it’s standard account starts with 1.5 pips. The commission in the standard account too is $0, leverage being 1:400 and max trade – 0.01 to 250 LOTS one can have an order volume of 150 lots and stop out is 20%.

However, it’s petty clear that this account comes with various benefits, however, the min deposit circulating the standard account of Velocity Trade is $5000.

The prime and gold accounts at Velocity Trade are some of the most sought-after accounts.

The prime starts with spreads of 1.2 pips and gold stars with spreads of 0.4 pips.

The gold account holders are charged with a commission of $7; however prime account holders don’t pay any commission.

The leverage for both the accounts is the same and is 1:400. When the subject of deposit arises, the prime account holders pay a $20k and gold deposit a good $50k.

Velocity Trade Exposure or Leverage

Exposure and leverage at Velocity Trade are given to almost every account holder in the same number.

However, the clients must know that leverage isn’t always a good thing and should be played with.

The leverage amplifies your gain to a great level but it also amplifies your loss with the same level. Thus, it carries significant risk.

At Velocity Trade the leverage provided is 1:400.

Payment Methods provided by Velocity Trade

It doesn’t offer much information on their payment methods.

Nevertheless, if you are impressed by the company and wish to open a live account with them, that can be done by using a bank transfer method.

Many traders at Velocity Trade use that method and it’s also the most preferred.

Find out Payment Methods provided by other Forex Brokers

Investment in Asset Classes or Markets by Velocity Trade

Despite the fact that it is an online broker house they provide considerable good asset classes.

The company does open a gateway of market classes for their clients to trade in. starting from commodities, currencies, or even futures, however, forex remains the most famous asset class of Velocity Trade.

The company has a total of 40 tradable assets 10 forex currency pairs.

Velocity Trade Virtual Trading or Demo Account

Yes, a virtual trading program is offered at Velocity Trade and along with it Velocity Trade education also sharpens their client’s skills in trading.

So your journey with them will definitely end up with you gaining a skill or two. The demo account at Velocity Trade is hundred percent free.

Velocity Trade Offers or Deals

Many companies work on various offers; however, in the case of Velocity Trade, not much information is given.

But, the interested individuals can rightfully assume that it provides offers like free educational materials as well as discounts on brokerage with various brokerage offers.

The company also provides referral plans.

Velocity Trade Regulation or Licensing

It is a regulated body and they are regulated in almost all the countries in which they provide their services.

It’s main headquarters are in Australia, thus they are licensed by the most eminent Australian financial body, making sure that all the clients under Velocity Trade have their funds kept with at most safety.

Find out Regulations & Licensing of more Forex Brokers

Velocity Trade Features

At Velocity Trade you must not worry about the software you are trading with.

They follows a fundamental rule that until and unless the trader is well equipped, making a trade is indeed going to be a tiresome affair.

Thus, for the very same, the Velocity Trade equip their traders with plenty of fresh and reliable features, some of them are – automated trading for those days when the clients have something important going on and cannot stay in front of the screen, interest in the margin, API trading, VOS service which is pretty famous among traders along with trading from chart and the option to one-click trading.

Velocity Trade Account Types

Every trade joins a broker house with a certain goal and expectations and it believes that their account types should favor that.

At Velocity Trade clients are given mainly four types of account options, leverage in all of them is however very high and commission rates are on the ground.

The first account at Velocity Trade is the Cent account, structured perfectly to give vision and a safe space for young traders to try their skills.

The spreads start with as low as 1.8 pips with the commission at $0, thus yes free commission.

The deposit amount is $10 and there is around 20% stop out available with order volume being 100 LOTS. Much similar to the Cent account there is the standard account by Velocity Trade and it looks the following way – spreads at standard starts at 1.5 pip with the commission being $0 and order volume being 150 LOTS, a minimum deposit of $5000 is required in order to open the standard account.

Both prime and gold accounts are elite and are notably introduced for traders who are very active with their trade and are professionals.

The prime account starts with a deposit of $20 whilst the gold account starts with a price of $50k. You have an order volume of 200 LOTS with prime while 400 lots volume with gold.

Velocity Trade Trading Account Features

Check below all the trading account features under various account types:

Velocity Trade – Research & Advisory

Find below all the different reports and support provided by its Research & Advisory team:

Velocity Trade Benefits

It has proven to be a pretty profitable decision for many traders and here is the reason why –

1. The company has over 10,000 plus clients under them, thus showing a strong and resilient base for the company.
2. The company doesn’t charge any extra fees such as – inactivity fees, deposit fees, or CFD fees.
3. Company offers over 249 trading instruments.
4. If you are someone who is looking for major forex pairs, exotic forex pays then Velocity Trade can pretty much provide you all of it.

Velocity Trade Cons or Drawbacks

There are a few cons as well which come with this.

The company does believe in client security and follows every guideline to prevent it; however, it does not provide any security on a negative balance.

The company also takes a step back in providing guaranteed stop loss, the company charges a withdrawal fee.

Thus, these are the few cons you might need to consider before trading with Velocity Trade.

Velocity Trade Trading Hours

It provides clients with a good 24-hour window for trading from Monday to Friday. The clients can trade in over 50 plus currency pairs.

The customer care also at Velocity Trade can be contacted very effortlessly in that time.

However, a 100:1 low margin is provided, the most common trading at Velocity Trade is currency trading or what’s called today forex trading.

Velocity Trade Customer Care or Contact Details

If you are someone who is moved by the way it functions and are highly interested in currency trading then you can join the Velocity Trade customer care by contacting their customer care.

The customer care at this can be contacted 24/7. One can visit the Velocity Trade website and look for their customer representative contact numbers.

Velocity Trade Safety & Security

It is an eminent group of individuals who follow government norms and are very much regulated by the top government authorities.

As a client, you can a hundred percent rely on the company and trust the Velocity Trade name.

Velocity Trade Rating & Reviews by Top10StockBroker

Based on different users and their experiences below are the company rating and reviews:

Velocity Trade Forex Trading – Conclusion or Verdict

With over 249 trading instruments and both major and exotic forex pairs, it is a one-time solution for traders who trade in forex.

The company is regulated and along with which is trusted by over 10,000plus clients worldwide.

Talking about the leverage to the commission, Velocity Trade is an excellent choice for traders who are passionate, ambitious, and are looking for something big.

Velocity Trade Review FAQs

Here is the list of FAQs related to the Velocity Trade Forex Broker Faqs:

Is Velocity Trade Safe for Trading?

Velocity Trade is an eminent name among brokers and highly trusted platforms where over 10k plus traders trade every day.

The broker house is completely safe and is also regulated.

What is the Commission for Velocity Trade?

One of the best parts about being a client at Velocity Trade is not having to worry about their commission.

The company mainly offers four accounts, out of which two of them have a zero commission policy, the other two work on minimum brokerage such as – $3 or $4.

How to Open a Trading Account with Velocity Trade?

You can open a trading account at Velocity Trade completely through online mode.

Given that the broker is also an online broker so the account opening will be digital as well.

One can visit the it’s website and can look for the ‘lives account’ button, after which you only need to fill in your information or provide proof of address.

Can I invest in Cryptocurrency with Velocity Trade?

Yes, the company provides a wide array of market classes for you to trade in, despite the fact that Velocity Trade excels in forex, the company also proves to be a good choice for traders who trade in crypto.

What leverage does Velocity Trade provide?

Given that it is based in Australia, the Australian broker houses mostly offer greater leverage compared to other broker houses.

Thus, it offers around leverage of 1:400 to all of its accounts.

The leverage for everyone at Velocity Trade is 1:4000.

Does Velocity Trade have a trading app?

Yes, velocity has their own trading app, embedded with a variety of features while also providing trading tools which are hard to find anywhere else.

How to contact Velocity Trade customer care?

Velocity Trade customer care can be contacted through the details provided on their website.

The customer care is active Monday to Friday on a constructive time frame.

Is Velocity Trade Regulated?

Yes! The company is regulated and licensed in all the countries they have offices in.

For Velocity Trade, client security is a serious matter and they take it in with at most sincerity.

Is Velocity Trade good for Beginners?

For young traders looking for broker houses where they cannot only trade but also be nurtured, it is an excellent option.

The company endows one with plenty of educational materials; their demo account is a plus point too,

Who founded Velocity Trade?

It was founded by Simon Grayson. The name Velocity Trade first came into existence in the year 2007 and today they are publically traded and are trusted by thousands of clients all across the globe.

Open a Forex Trading Account Now! – Fill up the Form

Learn everything about Forex Trading