Is Velocity Trades broker reliable or is it a scam? How does it work and what does it offer? Deposit bonus Velocity Trades and coupon 100% with Velocity Trades platform √
Best Velocity Trades Promo Code · Velocity Trades Review and Ratings
On the broker's website, we read that the broker's brand is owned and operated by an SVG-based company. Saint Vincent and the Grenadines is a known area on the high seas and a favorite spot for shady brokerage. Readers are reminded that the SVG government has had to publicly declare several times in the past that it does not regulate Forex trading and therefore we can safely conclude that not only the broker is unregulated. Also, trading with an unregulated broker abroad hides a lot of risk. There may be mix, which means that the broker can mix the finances of the company and the finances of the clients. In addition, the website steals corporate information from the legitimate company "Velocity Trade", which is a popular trope among scammers. In summary, it's safe to say that trading with the broker carries many unwanted risks.
Traders need not worry about this risk if they choose to trade with a regulated broker licensed by a prestigious regulatory agency. These agencies are FCA in the UK or CySecem Cyprus, which have been leading names in the Forex market for some time. Its regulatory structure is made up of several strict rules that prevent clients from becoming victims of fraud. These rules include account segregation, which ensures that it cannot be mixed with the client's money. In addition, a license from that regulatory body involves participation in a financial mechanism whereby clients can be compensated if they suffer losses due to fraud or bankruptcy. With FCA, compensation is up to £ 85,000, while in CySEC it is up to £ 20,000 per person.
Discount: | Description: | Expiry Date: |
---|---|---|
$25 | Get $25 no deposit bonus in Velocity Trades
| 2024-04-20 |
100% | Receive 100% deposit bonus at Velocity Trades
| 2024-04-19 |
$ 25 | Bonus Velocity Trades $ 25 without deposit
| 2024-04-27 |
Velocity Trades presents itself as a fast growing online CFD and Forex broker, using the Straight Through Processing (STP) execution model. They offer good trading conditions and are compatible with the legendary MetaTrader4 platform.
Potential broker clients can deposit or withdraw through standard Visa and MasterCard, in addition to popular electronic wallets such as Skrill and Neteller.
It was also not possible to find troubling provisions in the broker's terms and conditions, but we read that there is a terrible business requirement for the bonus promotion to be eligible for withdrawal. That is why we remind readers of all the ways that a trader can test the broker's intentions. First, traders are advised to always place only the minimum required deposit, rather than risking a larger amount without certainty. Later, they can also try to withdraw a small amount to check for unexpected fees or delays. Such fees and delays are usually the signs of a scammer.
With this lack of information and Velocity Trades abroad, funds are not secure. Fund security is a major problem for offshore brokers. A red flag we notice is that Velocity Trades is hiding vital information from users.
MT4 has proven easy to use, yet equipped with all kinds of professional trading tools and resources, many well-regulated brokers back it up. This community is highly praised by the forex community for its top of the line charts, support for automated trading bots (Expert Advisors), customization options and much more.
The spreads offered by Velocity Trades differ depending on the type of account. And remember, the cost of trading in the forex industry is not as important as the security of your funds, which depends on the broker being licensed and trustworthy.
This broker offers leverage of up to 1: 400 and this is basically the best possible.
Velocity Trades customers can start trading as low as $ 10. It's always a good idea to start small, and also trade in micro lots, so you don't risk too much.
Velocity Trades appears to use wire transfer, some of the major credit / debit cards, Skrill and Neteller.
Cent : To open a Cent account, all you need to do is make a $ 10 deposit. The spreads start at 1.8 pips.
Classic : To use the Classic account, you must make a deposit of at least $ 20. The spreads offered for this account start at 1.5 pips.
Standard : For this type of account, you must make a minimum deposit of $ 100, and the spreads are 1.2 pips.
ECN : For this account, the minimum deposit you need to make is $ 500. The spreads offered for this account are 0.4 pips.
The leverage ratio offered by this broker is a maximum of 1: 400.
These are the advantages that we find with Velocity Trades:
High leverage ratios:
Velocity Trades offers its clients a maximum leverage ratio of 1: 400, which is more than enough for traders with all kinds of trading strategies.
We also have to point out, at this point, that most financial regulators have banned leverage that high due to the very high risk of loss. In fact, Australia is the only jurisdiction that still allows such high levels of leverage.
Low minimum deposit requirement
You only need to deposit $ 10 to start trading on your Velocity Trades account, which is noticeably below the market average. The market standard for minimum deposits ranges from $ 100 to $ 250, so the amount required by this broker is very attractive.
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Looking for promotional codes and vouchers to shop and save at Velocity Trades? Check out our website for the latest coupon codes! We update the available list on a daily basis to ensure that you get to save when shopping online. To get the best and latest promotional codes, browse to the top of this page.
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This is a unique code generated by a computer algorithm designed to offer you discounts on your next order. Also referred to as a promotional code, discount code or promo code, online stores from around the world use the alphanumeric code to offer discounts to their customers.
Our voucher codes can be used in two ways. In method one, click 'SHOW CODE', copy and paste it into your shopping cart. Method two is where you click on 'VIEW OFFER' and you should be directed to the webshop. Here, the discount will be applied immediately.
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If the voucher code is not showing, copy it by clicking 'COPY'. If the modal is not showing, click on the big blue button with the label 'VISIT Velocity Trades.'
At Velocity Trades, you can select one or more products and add them to your shopping cart. Once you are done shopping, take a close look at the shopping cart for the space made available for your promo code. Before checkout, enter the discount code in the space provided and it should be applied automatically.
Check to ensure the voucher code is added correctly. If the voucher is not valid, then it has expired. In addition, the voucher may be valid for another product. In such a case, get another voucher code that applies for that product. Don't forget to read the terms of the discount code.
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At the moment there are codes available and 4 offers at Velocity Trades.
In the past 30 days, 3 visitors saved an average of 100% at Velocity Trades. There are sometimes also free shipping promotions active.
To use a Velocity Trades coupon, copy the code with the mouse and paste the code into the appropriate field during check out. Please note that discount coupons sometimes do not work with all orders. Sometimes you can also redeem the coupon at the physical store.
There are codes available today and 4 offers at Velocity Trades. On average, Velocity Trades 4 has coupons and/or promotions online
You can save money at Velocity Trades by using one of the current Velocity Trades coupons from 1001vouchercodes.co.uk. At the moment you can save a maximum of 100%.
Each promotion code of Velocity Trades has an expiration date, the code can only be redeemed before this date. Some Velocity Trades offers do not have an expiration date, then the promo code is valid until Velocity Trades runs out of stock of this item.
*Risk alert: Trading and other derivatives is highly speculative and represents a high level of risk. It is possible to lose all your capital. These products may not be suitable for everyone, and you should ensure that you understand the risks involved. Get independent advice, if necessary.
Velocity Trades is a registered Forex broker in Saint Vincent and the Grenadines. It provides the MetaTrader 4 trading platform and generous leverage of up to 1: 400. In addition, the site displays a wide variety of trading products and the required minimum deposit is exceptionally low, at just $ 10, however the spread It is unfavorable by 2 pips in EUR / USD.
The broker provides the MetaTrader 4 trading platform, something we always consider an advantage, since MT4 is among the main Forex trading terminals at the moment, about 80% of users prefer it. The platform provides an advanced charting package, many technical indicators, a comprehensive back-testing environment, and a variety of Expert Advisors (EAs). However, when registering for a demo account, we discovered that the platform is provided by a third party and that the spreads fluctuate between 0.1 and 02. pips in EUR / USD, which is too good to be true and not plausible
Discount Codes | 4 |
Best Velocity Trades Coupon | 100% |
Working Coupon Codes | 0 |
Redeemed Codes | 3 |
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