Velocity Trade
Velocity Trade Broker Overview
Here is every key fact about Velocity Trade in one table — regulation, contact details, deposit rules, leverage, spreads, platforms and account features.
| Feature | Velocity Trade |
|---|---|
| Broker name | Velocity Trade |
| Foundation year | 2013 |
| Headquarters | Level 7, PWC Tower188 Quay StreetAuckland 1010New Zealand |
| Country | New Zealand |
| Telephone | +64 9 918 8800 |
| Email / Skype | nzclients@velocitytrade.com |
| Fax | +64 9 309 6283 |
| Regulated by | FSP20003 |
| Type of broker | STP |
| Min. deposit | $100 |
| Max leverage | 1:200 |
| Min. spreads | 1.0 |
| Funding methods | Bank Transfer Credit Card Debit Card Moneybookers WebMoney Neteller Cashu |
| Withdrawal methods | Bank Transfer Credit Card Debit Card Moneybookers WebMoney Neteller Cashu |
| Base currencies | USD |
| Languages | Arabic English French Greek Latvian Russian |
| Trading platforms | MetaTrader 4 (MT4) |
| Web trading | ✓ Yes |
| Mobile trading | ✓ Yes |
| News trading | ✓ Yes |
| Hedging & scalping | ✓ Yes |
| Free demo account | ✓ Yes |
| Mini accounts | ✓ Yes |
| VIP accounts | ✓ Yes |
| Managed accounts | ✓ Yes |
| Segregated accounts | ✓ Yes |
| Islamic accounts | ✓ Yes |
| Swap free accounts | ✓ Yes |
| No deposit bonus | ✗ No |
| Promotion | Yes |
In simple words: traders get MetaTrader 4 (MT4), spreads from 1.0, leverage up to 1:200 and a $100 minimum deposit. New clients can also check the current Yes.
Is Velocity Trade Safe? Regulation and Company Details
Velocity Trade is a regulated broker. FSP20003. The broker says client money is kept in segregated accounts, separate from company funds.
Regulation
FSP20003
Head office
Level 7, PWC Tower188 Quay StreetAuckland 1010New Zealand (New Zealand)
Client funds
Client money is held in segregated accounts, apart from company funds.
Track record
In business since 2013. Support is reachable by phone and email.
Tip: Always check the licence number on the regulator's own website. Offshore regulators do not offer the investor compensation schemes or leverage caps of top-tier regulators such as the FCA or CySEC, which is why leverage here can reach 1:200.
Velocity Trade Trading Conditions
Spreads and commissions
Velocity Trade spreads start from 1.0. Raw-spread style accounts usually charge a small commission per lot, while commission-free accounts have wider spreads. If you trade often or scalp, the raw option is usually cheaper.
Leverage
Maximum leverage reaches 1:200, depending on the account type and the instrument you trade. High leverage lets you open bigger positions with less margin, but losses grow just as fast.
Trading platforms
MetaTrader 4 (MT4)
Desktop platform
Trading styles allowed
Hedging, scalping and news trading are allowed — good news for short-term traders. Web and mobile trading are available.
This Velocity Trade review covers regulation, fees, platforms and bonuses.
Official website: Velocity Trade
Velocity Trade Account Types
Velocity Trade offers several account options so both beginners and experienced traders can find a fit. Live accounts start from a $100 deposit.
Free demo account
Practise with virtual money and test strategies risk-free.
Mini accounts
Smaller trade sizes and a low entry cost for beginners.
VIP accounts
Tighter pricing and priority service for larger balances.
Managed accounts
Let a strategy provider or money manager trade for you.
Segregated accounts
Client funds are kept apart from company money.
Islamic / swap-free
No overnight swap charges, in line with Sharia principles.
You can open accounts in these base currencies: USD. Choosing the currency you spend in helps you avoid conversion fees.
Deposits and Withdrawals at Velocity Trade
Velocity Trade supports the same methods for funding and withdrawals. Withdrawals normally go back to the method you used to deposit.
E-wallets are usually the fastest. Bank wires take longer and your bank may charge a fee. Finish identity verification (KYC) early so your first withdrawal is not delayed.
Velocity Trade Bonus and Promotions
Bonuses are a big reason traders search for Velocity Trade. Availability depends on your country and the account type.
- Yes — the current promotion for Velocity Trade clients. Check the volume rules before you claim it.
How bonus credit really works
- Bonus credit is used as margin; it usually cannot be withdrawn directly.
- Profits made with the bonus are yours, but a minimum trading volume often applies first.
- Withdrawing money early can remove part or all of the bonus.
- Bonuses are not offered in every country or on every account type.
Bonus terms change often. Always read the latest rules on the official Velocity Trade website before accepting any offer.
Velocity Trade Pros and Cons
Pros
- Regulated: FSP20003
- Yes
- Low $100 minimum deposit
- Spreads from 1.0, STP execution
- MetaTrader 4 (MT4)
- Hedging and scalping allowed
- Islamic, mini, VIP and managed accounts
Cons
- No no-deposit bonus
- Bonus comes with trading-volume rules
How to Open a Velocity Trade Account
- RegisterFill in your name, email, country and phone number on the Velocity Trade sign-up page.
- Verify your identityUpload a photo ID and a proof of address (utility bill or bank statement).
- Choose an accountPick the account type, base currency, leverage and platform (MT4).
- Fund and tradeDeposit from $100 with your preferred method, claim any eligible bonus, then log in and start trading.
About Velocity Trade
Velocity Trade Review: Overview
Velocity Trade is a forex and online trading broker based in New Zealand, with its head office at Level 7, PWC Tower, 188 Quay Street, Auckland 1010. It operates as an STP (straight-through processing) broker and was established in 2013, so it has been in business for well over a decade. Its official website is velocitytrade.co.nz, which is available in Arabic, English, French, Greek, Latvian and Russian.
This review looks at what Velocity Trade offers retail traders: how it is regulated, which account types and platforms are available, what the trading conditions look like, how deposits and withdrawals work, and what bonuses are on offer. It also highlights the points that deserve a closer look before you open an account.
Trading forex and CFDs on leverage carries a high risk of losing money. Only trade with funds you can afford to lose, and make sure you understand how leverage, spreads and fees affect your results before you start.
Regulation and Safety
Velocity Trade is regulated under licence number FSP20003. Regulation matters because it sets the rules a broker must follow on things like capital requirements, reporting and how client money is handled. Before you deposit, confirm the licence number on the website of the regulator named by the broker and check that the entity you are dealing with is the one listed there.
The broker states that it keeps segregated client funds. In general, segregation means that client money is held separately from the company's own operating money. This does not remove all risk, but it is an important protection to look for. Ask the broker for details on how client funds are held if this is a deciding factor for you.
No broker is risk-free. Even a regulated broker can face financial trouble, and regulation does not protect you from market losses. Treat regulation as one part of your due diligence, alongside your own research.
Account Types
Velocity Trade offers a range of account types, which makes it possible to choose a setup that suits different experience levels and trading styles. The broker lists the following options:
- Free demo account: a practice account that lets you test the platform and strategies without risking real money. This is a good place to start if you are new to trading.
- Mini accounts: designed for traders who want to start with smaller amounts.
- VIP accounts: a higher-tier option that the broker positions for more active or larger-volume clients. Check the official website for the specific benefits and requirements.
- Islamic accounts: swap-free accounts structured to suit clients who do not pay or receive swap (overnight financing) for religious reasons.
- Swap-free accounts: accounts without overnight swap charges, which can be useful for traders who hold positions for longer periods.
- Managed accounts: accounts where trading decisions can be handled by a professional manager. These come with their own risks, and you should review the terms carefully.
The account base currency is USD. If you plan to fund your account in another currency, check how conversion is handled, as exchange costs can affect your overall return. Minimum requirements and the exact features of each account type can change, so confirm the current details on the Velocity Trade website before choosing one.
Trading Platforms
Clients can trade on MetaTrader 4 (MT4), one of the most widely used trading platforms in the retail forex market. MT4 is known for its charting tools, technical indicators and support for automated strategies, and many traders already know how to use it.
Velocity Trade also provides web trading, so you can access your account through a browser without installing software, and mobile trading for placing and managing trades on the go. Using the platform in a demo account first is a sensible way to get familiar with the layout, order types and risk controls before trading live.
Spreads, Fees and Leverage
Trading conditions at Velocity Trade start with a minimum deposit of 100. The figure is listed without a currency on the summary, so confirm the currency and any other funding requirements on the official website before you transfer money.
Spreads are listed from 1.0. The spread is the difference between the buy and sell price, and it is one of the main costs of trading. Actual spreads vary with market conditions, the instrument you trade and the account type, so compare live quotes rather than relying on a single figure.
Maximum leverage is 1:200. Leverage lets you control a larger position with a smaller amount of capital, which can increase both profits and losses. Depending on your country and account type, the leverage available to you may be lower than the maximum. High leverage is one of the main reasons retail traders lose money, so use it with care and set appropriate risk limits.
Velocity Trade allows hedging and scalping, and it also allows news trading. These are useful features for some strategies, but they also come with specific risks. Read the broker's trading rules and make sure your strategy is permitted under the terms of the account you open.
Deposits and Withdrawals
Velocity Trade accepts deposits by Bank Transfer, Credit Card, Debit Card, Moneybookers, WebMoney, Neteller and Cashu. Withdrawals are available through the same methods. Having the same options for both directions can make it easier to manage your funds.
Each payment method can have its own processing times, limits and fees, and these are set by the broker and the payment provider. Check the current details before you deposit, and keep in mind that your payment provider may charge its own fees. When you withdraw, make sure your account details match the method you used to fund the account, as this is a common requirement for verification.
Bonuses and Promotions
Velocity Trade offers a welcome bonus and other promotions. The broker does not offer a no-deposit bonus, so you will need to fund your account to access the current offers.
Bonuses can look attractive, but they usually come with conditions such as trading volume requirements, withdrawal restrictions or expiry dates. Before you accept any bonus, read the full terms and calculate what you would need to do to meet the conditions. Bonus terms can change, so always check the latest conditions on the Velocity Trade website before you deposit.
Customer Support
The Velocity Trade website is available in six languages, which can help clients who prefer to read in Arabic, French, Greek, Latvian or Russian, as well as English. Support details, such as contact channels and opening hours, are not included in the summary used for this review. Check the official website for the current contact options, and test responsiveness with a simple question before you deposit.
Pros and Cons
Pros
- Established in 2013 and based in New Zealand, with a listed head office address.
- Regulated under licence FSP20003.
- States that it keeps segregated client funds.
- Low listed minimum deposit of 100.
- Leverage up to 1:200, with spreads listed from 1.0.
- MetaTrader 4 platform, plus web and mobile trading.
- Wide range of account types, including a free demo, Islamic and swap-free accounts, mini and VIP accounts, and managed accounts.
- Hedging, scalping and news trading are permitted.
- Multiple deposit and withdrawal methods.
- Website available in six languages.
- Welcome bonus and other promotions available.
Cons
- Leverage of up to 1:200 is high and can magnify losses, and the actual leverage may be lower depending on your country and account.
- Spreads, deposit fees and bonus conditions can vary, and the summary does not give full details.
- No no-deposit bonus is offered.
- Customer support details are not covered in the summary, so clients should verify response options directly.
- Some account types, such as managed and VIP accounts, carry their own terms and risks that need to be checked.
Verdict
Velocity Trade presents itself as a regulated STP broker with a long track record, a clear set of account types, a widely used platform and a broad choice of funding methods. The free demo account and the range of account types make it accessible to beginners and experienced traders alike, and the support for Islamic and swap-free accounts will suit some clients in particular.
At the same time, the key trading conditions, including leverage, spreads and bonus terms, need to be checked carefully. Confirm the licence details, read the account terms and bonus conditions, and test the platform in a demo account before you commit real money. Trading forex and CFDs on leverage carries a high risk of losing money, so manage your position sizes and use risk controls at all times.
Frequently Asked Questions
Is Velocity Trade regulated?
Yes, Velocity Trade is regulated under licence number FSP20003. You should still confirm the licence on the regulator's website and check which entity you would be trading with.
What is the minimum deposit at Velocity Trade?
The listed minimum deposit is 100. Confirm the currency and any other funding conditions on the official website before you transfer funds.
Does Velocity Trade offer a demo account and Islamic accounts?
Yes. Velocity Trade offers a free demo account, as well as Islamic accounts and swap-free accounts. Check the official website for the ter
Risk warning: Leveraged products such as forex and CFDs may not suit all investors and carry a high risk to your capital. Make sure you understand the risks, consider your goals and experience, and seek independent advice if needed.
Final Verdict: Should You Choose Velocity Trade?
Velocity Trade offers a $100 entry cost, MT4 platforms and a track record since 2013.
Velocity Trade suits traders who understand the risks of leveraged CFD trading. Start small, test a withdrawal early and use sensible leverage.
