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Velocity trades review – We just exposed another disaster – read and stay safe!!!

The estimated reading time for this post is 316 seconds

velocity trades review
Velocity Trades review ; Velocity trades is an offshore broker that is currently deceiving investors across the globe. This broker is a complete scam. They claim to be registered in St. Vincent and the Grenadines. Meanwhile, their minimum deposit is as low as $10. In addition, velocity Trades promise to offer over a 100 trading instruments as well as more than 5 methods of payment. However, we can safely conclude without remorse that this broker is not legit. This is because St. Vincent and the Grenadines has publicly announced that they don’t reculate forex brokers. Therefore investing in velocity Trades simply means taking uncalculated risk.

But in this velocity Trades review, we wish to make it known that this broker offers mt4 trading plartform which is an advantage. In addition, they have different methods of payment which is another important advantage.

We encourage you to finish this review before investing in this broker velocitytrades.

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Velocity trades review

According to who.is, this domain (velocitytrades.com) was registered on March 12, 2017. Therefore, the plartform has been operating for three years now. However, it’s glaring that they don’t want to get a license from a reputable regulatory body like Cysec, FCA or others. Instead, velocity Trades continue to deceive investors using a non reliable license from St. Vincent and the Grenadines. Moreover, the St. Vincent and the Grenadines has issued warning severally to the public that they don’t regulate forex brokers. So make sure you avoid them at all cost. However, you can comfortably and confidently choose from these well regulated brokers.

One other concern we have concerning velocitytrades is their failure to disclose their trading history. It’s expected that if velocity trades is truly a legit broker they claim, then we want to see their trading history in myfxbook. But they are not showing anything. This broker is nothing but a scam, and this velocity trades review serves as eye opener for you.

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Velocity trades trading plartform.

The brokerage does provide the MetaTrader 4 trading platform which is something we always consider an advantage since the MT4 is among the foremost trading terminals in Forex trading at the moment. Close to 80 percent of users prefer it. The platform provides an advanced charting package, lots of technical indicators, extensive back-testing environment and a variety of Expert Advisors (EAs). However, upon registering for a demo account we discover that the platform is provided by a third party and that the spreads are floating at 0.1-02. pips on EUR/USD which is too good to be true and not plausible. These unrealistic offers prove that these people are not reliable and you should avoid them. This velocity trades review is meant to help you identify and invest only in a reliable and profitable broker.

Velocity trades account types and business ownership.

There are four different account types. They include cent, classic, standard and ECN accounts. Investors have the grace of choosing from any of these account types. Meanwhile, we have noticed that investors have the grace of choosing from any of the account types, which is good. In addition, velocity trades have reduced the minimum deposit amount for the account types. However, this is a trick. They are only going to accept small amounts as initial deposit and subsequently, they will persuade traders to invest more so they can scam them big.
But if you consider our elaborate velocity trades review important, then you will not fall into their trap.
Note, the industry has set a universally accepted minimum deposit for every regulated forex broker which is $250. And anything outside that industry standard should raise suspicion.

velocity trades review

Velocitytrades customer service, and bonuses.

Potential clients can reach out to them through a mail, or by requesting a call back. This sounds interesting, unfortunately this does not work as stated in this broker. However, the problem with email is that unreliable brokers intentionally ignore some emails especially if it’s about withdrawal. Additionally, the phone numbers on the website are cloned as no one picks it if you call. You don’t have to put your money where you will be at a very high risk of loosing it. Instead, invest in any of these reliable, profitable and well regulated brokers. Meanwhile, they offer bonuses but you will definitely require some to either meet up with a particular trade size or you pay back before you are allowed to withdraw. Therefore, we always encourage investors to put small money first and they can test the hidden withdrawal conditions.

Velocity trades on methods of deposit and withdrawal.

Potential clients of the brokerage may deposit or withdraw via the standard Visa and MasterCard, as well as popular e-wallets such as Skrill and Neteller.
This may sound interesting but it’s not enough reason to starting investing in this broker. The basic reason we are exposing this scam is that people that have invested are not able to withdraw their money. So we encourage you to take our advice and avoid the scammers.


Finally, we wish to let you know that this broker velocitytrades is a scam. It’s an offshore broker, not regulated with undisclosed identity. We have many of our clients lamenting because of failure to withdraw their money from velocity trades. Therefore, we encourage you not to invest to avoid being a victim.

Thanks for reading and always remember to share with friends through the social media handles.

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