FCAUnited KingdomTier 1Licence number
497263
View licence record- Licence holder
- Held by Velocity Trade
- Licence type and regime
- Institution Forex License (STP)
Not checkedUpdated
At a glance
Regulation on record for Velocity Trade
Counts of what is on record, not a rating. Each figure describes the register entries Wikilix holds and the checks it has run against them.
- Licences on record
- 3
- Issuing authorities
- 3
- From tier-1 or tier-2 authorities
- 3
- Found on an official register
- 0
Velocity Trade has 3 licences on record with Wikilix, issued by 3 authorities across 3 jurisdictions. 3 of them were issued by tier-1 or tier-2 authorities — the regimes with the strictest capital, reporting and client-money rules. None has yet been located on an issuing authority’s own register, so every entry here should be read as claimed rather than confirmed.
One licence comes from an authority classed as offshore. An offshore regime can be a legitimate registration, but it typically carries lower capital requirements and no compensation scheme.
Issuing authorities
Jurisdictions
Licence record
Licences on record
Every licence on record for Velocity Trade, strongest authority first.
3 records
- FCAUnited KingdomTier 1
ASICAustraliaTier 1Licence number
000329813
View licence record- Licence holder
- Held by Velocity Trade
- Licence type and regime
- Institution Forex License
Not checkedUpdated
FSCASouth AfricaTier 2Licence number
43295
View licence record- Licence holder
- Held by Velocity Trade
- Licence type and regime
- Retail Forex License
- Offshore
Not checkedUpdated
Protection
What this licence protects
FCA's own rules for the firms it authorises.
- Compensation schemeUp to £85000 (FSCS)
- Client money kept separate
- Negative balance protection
- Complaints routeFinancial Ombudsman Service
- Maximum leverage1:30
Frequently Asked Questions
Questions about the licences held by Velocity Trade
Answered from the register entries on this page.
Most Popular Questions
Velocity Trade prohibits clients from certain countries including the USA, North Korea, Iran, and other sanctioned countries. The broker operates mainly in Australia, Asia-Pacific, the UK, EU, South Africa, and some global markets with exceptions.
Velocity Trade offers customer support via phone, email, and live chat during business hours. Support is available in English, and multiple contact addresses are provided across Canada and Barbados.
Velocity Trade offers a maximum leverage of up to 500. This allows traders to control larger positions with a smaller amount of invested capital.
The minimum deposit amount to open an account with Velocity Trade is 10 USD. This allows clients to start trading with relatively low initial capital.
Velocity Trade supports deposits via bank transfer and credit/debit cards, with a 2.8% fee on card deposits. Withdrawals can be made through bank wire transfers, certified cheques, and regular cheques, each with specific fees and processing times. Withdrawals are not supported via credit/debit cards.
Velocity Trade Limited is regulated by several authorities including ASIC in Australia, FCA in the UK, and FSCA in South Africa. These regulators ensure compliance with strict standards, including client fund segregation and complaint mechanisms like AFCA and the Financial Ombudsman Service. The broker holds onshore licenses and operates under high transparency levels.
Velocity Trade has 3 licence records with Wikilix, issued by 3 authorities across 3 jurisdictions. A licence on record means an authority published an entry; it is not an endorsement, and Wikilix does not issue authorisations.
Velocity Trade holds licence records issued by FCA, ASIC, FSCA. Each authority’s own record — its tier, jurisdiction and client-protection rules — is linked from this page.
3 of the licence records held by Velocity Trade come from tier-1 or tier-2 authorities (2 tier-1, 1 tier-2). Those regimes set the strictest capital, reporting and client-money requirements.
Not yet. None of the 3 licence records held by Velocity Trade has been located on an issuing authority’s register, so each should be read as claimed rather than confirmed. Every record links to the official register so you can check it yourself.
Velocity Trade has licence records in United Kingdom, Australia, South Africa. A licence applies in the jurisdiction that issued it; it does not by itself cover clients elsewhere.