Velocity Trade

Admin July 14, 2024

Summary

VeloCityTradeFX advertises easy and secure trading and assures us that it is ‘a profound name in the market’, but gives us no good reason to believe this claim. This website is virtually anonymous and already exposed as a scam by a reputable financial regulator.

Regulated

Payment Methods Used

Bank Wire

Meta Trading Softwares Used

Liquidx, Currenex, Hotspot, Pro Trader

Overall Rating

2.9/5

Reviews

Elaine Flynt
1/5

I faced a withdrawal challenge with this company. The website address illustrated in the displayed picture provided a solution to the issue.

Noble
1/5

100% fraud. 5 stars to the agency inw,today that flagged them and got back my money

DTFasedemi
2/5

The platform is not comprehensive or user friendly. I expect to see a lot more detail per window when placing a deal or viewing positions or balances 0

Danniel
2/5

Velocity Trade is a troublesome company. They withdraw money, but before that they drain almost the entire deposit. A trade can take tens of minutes to open, and the price, of course, is much worse. All my trading ended with the loss of 2/3 of my deposit in Velocity Trade, the rest was withdrawn with a fee. I do not recommend this company.

Masroor393
1/5

My experience with Velocity Trade was negative. Its trading platform is unstable and often results in significant capital losses due to glitches. Moreover, trading fees are higher than average, which reduces profitability. Withdrawing funds also causes problems - it is delayed and time consuming. Velocity Trade client support leaves much to be desired, as it takes too long to respond to requests. As a result, I had to refuse working with this broker.

Rahat Wah
1.3/5

Velocity Trade is a dishonest broker! I don’t even want to recall how they deceived me! The support assured that everything was transparent and there was no manipulation. Then why does the price always, before closing an order, suddenly go against me? And it would be okay if it were on several trades! But this happens all the time! Velocity Trade just completely drained my deposit.

Shahen
1/5

Velocity Trade is a terrible broker. I've been trying to withdraw my funds for almost a week, and they still haven't arrived. How is this possible for a normal company? Most likely, they have no intention of paying money to their clients. If this is true, Velocity Trade can be called a scam.

Austin
1.2/5

I do not recommend working with Velocity Trade. I don’t know whether this company has a regulatory license or not, but you won’t be able to trade profitably here. I was convinced of this by my own example. I have been trading for several years now, I have my own trading strategy. But Velocity Trade quotes are very different from those of other companies. When I wrote to support, they replied that this was normal. But this is not normal. Normal brokers have market quotes.

Serpent
2/5

Velocity Trade is another scam. I worked with an electronic payment system for a year. Then I received a notification that the broker is no longer working with this system. Okay, I have an account in Perfect Money. I verify this system with Velocity Trade. But it turns out I can only withdraw money to where I deposited. What if the broker stopped cooperating with this system? The support didn't give me a clear answer.

Michael blurb
1/5

Be careful with Velocity Trade. It looks like this company might be a scam. I just decided to study its activities and sent them my phone number. Within three months, strange managers were calling me to offer investments in dubious structures. It is possible that Velocity Trade is selling the database of its potential clients.

Lakshay
2.4/5

Don't try to trade with Velocity Trade, you will only lose your money. I opened an account and transferred money here. Everything was fine on the demo account. But on a live account, trading differed very much for the worse. Requotes, slippages, and platform freezes were constant. I was able to withdraw only half of the initial deposit, and I lost the rest. I do not recommend Velocity Trade.

Larry lift
1/5

I strongly do not recommend working with VelocityTrade. Withdrawals take a very long time. There are constant failures in the payment system. Honestly, I’m already tired of their apologies. A withdrawal request can hang for a month, and no one processes it. Velocity Trade begins to respond only when you start writing letters, calling, or writing negative reviews on various resources.

Laski
1/5

Velocity Trade will not allow you to make money on trading. I don't think that everyone here trades profitably. It's just not possible. I tried various trading strategies, but nothing works. When opening trades, the platform slows down terribly, trades can hang for several minutes. You can't really make money off the news. Look for another broker and don't mess with Velocity Trade.

Divyank
3/5

Velocity Trade can provide fast execution of trades, however, sometimes an order may be opened with a delay of 10-20 seconds. Also, the broker has slippage issues, which can lead to serious problems. For example, my order to sell gold resulted in a loss of 70 pips due to slippage. This is a significant disadvantage of Velocity Trade.

Tim
2/5

My experience with Velocity Trade has been unsatisfactory. Luckily the losses were minor but my experience with this broker was negative. I no longer trade with Velocity Trade. Despite my best efforts, I have faced setbacks and a series of failures. My account was blocked several times, and money was debited from my account without my access.

Manu
1/5

I want to withdraw my modest profit from my Velocity Trade account. I have been waiting for the second week, but I do not lose hope. In support, they promise that they will be withdrawn soon. I want to believe that they will withdraw, they don’t seem to look like scammers. But the fact that the commissions charged me more than indicated in the conditions was an unpleasant surprise. I think that I will not continue trading with Velocity Trade.

Rowena Hough
2.5/5

Velocity Trade broker has changed his attitude towards me as a client. The administrators either didn’t care about their project at all, or its owner has changed, who cannot bring anything to mind. Here's an example for you: on my first deposit, the system just started debiting a hundred bucks for no reason. Some traders cannot withdraw their earnings, no one can explain anything. How long will this continue? If this continues, then the agent will definitely have to be changed, because such behavior of Velocity Trade does not bode well at all.

Javier MA
1/5

Some claim that the Velocity Trade broker may be a scam. I have had a negative experience with them. I was constantly losing on my trades, so I began to look for the reasons for my losses. I have found that the company can manipulate charts to make candles, especially on one hour charts with large gaps of 20 points or more. Thus, Velocity Trade can drain the deposits of its clients.

Normad
1.8/5

The problems in Velocity Trade are serious. The platform is very crude, although it has been working for more than a year. Transactions are triggered with a long delay. Accordingly, the opening or closing of a transaction is not at the best price. In addition, for Velocity Trade, the freezing of the platform at the most inopportune moment is in the order of things. Once I could not close a profitable trade until I had to close it already with a loss.

George
1/5

Velocity Trade is a complete scam! When I opened an account here, the support service assured that the broker had a license from the European regulator. And when, after another price manipulation, I threatened that I would write to the regulator, Velocity Trade told me that the broker was not regulated. This is a lie!