Item: Velocity Trade
Rating: 6.28

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Most visited countries/areas

South Africa

tradedesk.co.za

3.169.183.106

velocitytrade.com

205.204.80.249

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Speed Trad

1.60

Score

5-10 yearsSuspicious Regulatory LicenseSuspicious Scope of BusinessHigh potential risk

Relevant Enterprises

VELOCITY TRADE HOLDINGS LTD.(Ontario (Canada))

Active

Canada

Registration No.

2161513

Established

2024-09-18

Velocity Foreign Exchange Services Ltd.(Quebec (Canada))

Active

Canada

Registration No.

1167743575

Established

2024-09-18

VELOCITY TRADE CAPITAL LTD.(British Columbia (Canada))

Active

Canada

Registration No.

A0095232

Established

2024-09-18

VTC Europe B.V.(Netherlands)

Active

Netherlands

Registration No.

68114710

Established

2024-09-18

VELOCITY TRADE PTE. LTD.(Singapore)

Active

Singapore

Registration No.

202302162E

Established

2024-09-18

VELOCITY TRADE FINANCIAL SERVICES (PTY) LTD(Australia)

Active

Australia

Registration No.

658737814

Established

2022-08-01

Employees

Ledesma

Administrators

Start date

2012-01-26

Status

Employed

Velocity Foreign Exchange Services Ltd.(Quebec (Canada))

Pasco

Administrators

Start date

2012-01-26

Status

Employed

Velocity Foreign Exchange Services Ltd.(Quebec (Canada))

SIMON JASON LIONEL GRAYSON

Canada

Director

Start date

2009-02-09

Status

Employed

VELOCITY TRADE INTERNATIONAL LIMITED(United Kingdom)

News

News Velocity Trade Secures Singapore MAS Capital Markets Services License

Velocity Trade secures Singapore MAS Capital Markets Services License, enhancing its global financial presence and compliance.

2023-12-28 17:09

News Velocity Trade Has Been Added To TradingView's List Of Integrated Brokers

Velocity Trade, TradingView's first-ever integrated broker from South Africa, has been added to the company's roster of approved partners.

2022-11-22 18:22

News WIKIFX REPORT: FINCLEAR GROWS CLEARING BUSINESS WITH VELOCITY TRADE

The Australian financial technology company, FinClear, today announced that it will provide third-party clearing services to global broker-dealer Velocity Trade.

2022-08-04 14:32

News WIKIFX REPORT: Velocity Trade Selects Integral For FX Technology

Integral, a major FX technology provider, said today that Velocity Trade, an international broker dealer, has chosen it to use its workflow automation and trading technology across its eFX and CFD trading network.

2022-06-02 14:02

News WIKIFX REPORT: Exclusive: Velocity Trade hires Axi’s Daniel Beale as Senior Sales Trader

FNG has heard that Velocity Trade, a Canadian broker-dealer, has expanded its international footprint by employing Daniel Beale as a Senior Sales Trader in London.

2022-06-02 13:58

News WIKIFX REPORT: Integral to Provide Workflow Automation to Velocity Trade

Velocity Trade will use Integral’s workflow automation and trading tech across its eFX and CFD network.

2022-06-02 13:51

Wiki Q&A

Rojas

Within 1 year

Does Velocity Trade charge a commission per lot on their ECN or raw spread accounts?

WikiFX Reply

From my own deep-dive into Velocity Trade, I found that their fee structure is unfortunately not transparent, and this lack of clarity is a recurring concern for me as someone who values knowing all potential costs before committing funds. On other brokers, commission and spread details are usually easy to locate, but with Velocity Trade, I couldn't find straightforward, published information about whether they specifically charge a commission per lot on ECN or raw spread accounts. A few notes from my experience and research: user feedback highlighted that spreads—such as the 3 pips cited on EUR/USD—are wider than industry averages. Such wide spreads sometimes indicate an all-inclusive pricing model with no separate commission, but this is merely a possible inference rather than a declarative fact. The absence of prominent, documented commission rates for ECN or raw accounts makes it impossible for me to confirm their fee structure with confidence. For me, this lack of fee transparency introduced uncertainty and would be a reason to proceed with caution or to directly contact the broker’s support for written confirmation on commissions. When trading under regulated jurisdictions like ASIC or FCA, one expects a higher degree of clarity, but in Velocity’s case, this aspect seems lacking from the available public information. As a conservative trader, I always recommend getting full written fee disclosures before opening any live account.

Is it possible to trade particular assets such as Gold (XAU/USD) and Crude Oil through Velocity Trade?

WikiFX Reply

Based on my experience trading with Velocity Trade and my careful review of their official offering, I find that trading commodities—including gold (XAU/USD) and crude oil—falls within their scope of available instruments. Velocity Trade specifically lists forex, equities, commodities, futures, and fixed income products as tradable assets. In my own practice, when a broker advertises direct access to “commodities,” it almost always includes major contracts like gold and crude oil. However, it’s important to approach such claims with caution and verify the exact instruments offered, as not every commodities broker covers the same range or trading pairs. While I appreciate the breadth of Velocity Trade’s product catalogue, I also notice the platform has some high-risk flags (such as “Suspicious Overrun” and “high potential risk” status), so I always proceed with extra due diligence. Their commodity trading capabilities seem legitimate, but the platform does not support MT4 or MT5—only their self-developed trading app is available. This could impact execution quality or analytical flexibility, which, as a seasoned trader, I consider heavily before allocating significant capital. In summary, yes, Velocity Trade does enable trading in commodities like gold and likely crude oil, but it’s vital to confirm the specific contract specifications directly through their support or by accessing their trading platform. Personally, I would verify these details myself before committing funds, especially given the mixed risk signals noted in their WikiFX profile.

Does Velocity Trade charge any undisclosed fees when it comes to making deposits or withdrawals?

WikiFX Reply

In my experience as a trader examining Velocity Trade, I have found that understanding a broker's fee structure—especially around deposits and withdrawals—is vital for risk management and making informed decisions. With Velocity Trade, one concern for me is the lack of clear, easily accessible information regarding their trading and non-trading fees. User feedback also reflects this, with at least one trader commenting specifically on the absence of transparency about fees charged by the platform. When a broker does not disclose such crucial details, it naturally raises red flags for me, particularly given potential hidden costs that could impact my overall trading profitability. While Velocity Trade is regulated by several authorities such as ASIC, FCA, and FSCA—which should, in theory, promote a degree of reliability—I have learned not to rely solely on regulation as a guarantee of transparent business practices. Personally, I am uncomfortable trading with any broker where the fee schedule, especially for deposits and withdrawals, is either inaccessible or ambiguous. This lack of clarity can result in unexpected charges, which is a risk I prefer to avoid. Until I find absolute confirmation of all applicable fees—preferably from direct support or carefully-read terms—it would be prudent to approach Velocity Trade with caution when it comes to fund transfers. I recommend that anyone considering this broker request all fee details in writing before making any deposits or withdrawals.

Is it possible to use Expert Advisors (EAs) for automated trading on Velocity Trade's platforms?

WikiFX Reply

As an independent forex trader with extensive years navigating broker platforms, I always pay careful attention to the compatibility of automated trading tools like Expert Advisors (EAs). In my experience and evaluation of Velocity Trade, I have to be cautious about automated strategies here. Velocity Trade offers only its own proprietary trading platform and does not support the industry-standard MetaTrader 4 or MetaTrader 5 at this time. Since EAs are typically built for MT4 and MT5—where most algorithmic trading infrastructure is concentrated—there is effectively no straightforward path for me to use the EAs I rely on with Velocity Trade. While their self-developed trading app might offer automation features, I found no clear or transparent information about custom scripting, EA integration, or automated order execution similar to what’s available on established MetaTrader platforms. In the forex world, this is a significant consideration for risk management and trading efficiency. Also, without demo account access, I couldn't even test for any workarounds. For me, the lack of EA compatibility combined with unavailable MT4/MT5 access, as well as questions about spread costs and service transparency, compels a conservative approach. If algorithmic trading is essential, I would suggest looking for a platform where EA use is fully supported and regulated under familiar, tested environments. Ultimately, with Velocity Trade, automated trading as I know it isn’t possible.

User Reviews 3

All (3) Positive (1) Neutral (2)

push,

6-10 years

Neutral

How weird is this Velocity Trade! Agents on this platform tried very hard to induce me to invest here. But the truth is that this company is not transparent at all. I cannot find any details about its trading fees!

Cyprus

Velocity Trade does not require any minimum initial deposit to start trading, providing the most popular MT4 trading platform in the world! I really like these two points. But it only supports bank cards and Neteller for deposits and withdrawals.

Argentina

EUR/USD Spread is too wide! 3 pips! That’s horrible! The industry average is just 1.5 pips, why the spread here is so high? Deposits and withdrawals options are also too limited.

2022-11-22

Hong Kong

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Exposure

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Velocity TradeReview Summary
Founded	2007
Registered Country/Region	Australia
Regulation	FSCA, ASIC，FCA
Market Instruments	Forex, equities, commodities, futures, fixed income
Trading Platform	Mobile app
Minimum Deposit	/
Customer Support	Tel：+1 416 855 2800
	Address: 100 Yonge Street, Suite 1800, Toronto, Ontario, Canada M5C 2W1
	24/7
	Email：sales-ca-fx@velocitytrade.com

Pros	Cons
regulated	Demo account ubavailable
Various trading instruments	MT4/MT5 unavailable

Regulated Authority	Regulatory Status	Regulated Entity	License Type	License Number
Australia Securities & Investment Commission	Regulated	VELOCITY TRADE LIMITED	Institution Forex License	000329813
Financial Conduct Authority	Regulated	Velocity Trade International Limited	Institution Forex License (STP)	497263
Financial Sector Conduct Authority	Regulated	VELOCITY TRADE FINANCIAL SERVICES (PTY) LTD	Retail Forex License	43295
Financial Service Providers Register	Exceeded	VELOCITY TRADE LIMITED	Financial Service Corporate	20003

Tradable Instruments	Supported
Forex	✔
Commodities	✔
Futures	✔
Fixed income	✔
Stocks	✔
Indices	❌
Cryptocurrencies	❌
Bonds	❌
Options	❌
ETFs	❌

Trading Platform	Supported	Available Devices	Suitable for
Mobile app	✔	/	/
MT4	❌	/	Beginner
MT5	❌	/	Experienced

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Wiki Q&A

Does Velocity Trade charge a commission per lot on their ECN or raw spread accounts?

Is it possible to trade particular assets such as Gold (XAU/USD) and Crude Oil through Velocity Trade?

Does Velocity Trade charge any undisclosed fees when it comes to making deposits or withdrawals?

Is it possible to use Expert Advisors (EAs) for automated trading on Velocity Trade's platforms?

User Reviews 3

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