MetaTrader 5
RecommendedThe broker's only platform, served from the VelonFinance-Server MT5 server, with desktop and mobile builds linked from its platform page.
Runs on
- Windows
- Android
- iOS
Download
Details
Editorial review
Broker Summary
What Wikilix has recorded about VelonFX: its history, the licences it holds, its trading conditions and its fees.
VelonFX Broker Overview
VelonFX is an online forex and CFD brand operated by Velon Finance LTD., a company that its own website states was established in 2024 with headquarters at Ground Floor, The Sotheby Building, Rodney Village, Rodney Bay, Gros Islet, Saint Lucia. The broker offers a single trading platform, MetaTrader 5, three live account tiers from a 100 USD minimum deposit, leverage of up to 1:1000, and funding by card and cryptocurrency. It holds no confirmed financial regulation.
VelonFX Regulation and License
Velon Finance LTD. names no financial regulator and publishes no licence number anywhere on . The only official identifier the company discloses is a Saint Lucia company registration ID, 2024-00692, which appears in the footer of every page. A company registration records that an entity was incorporated; it is not financial regulation and it confers no supervision of client money, no conduct rules and no compensation scheme.
Is VelonFX Regulated?
No. There is no confirmed financial regulation behind VelonFX, and the broker does not even claim a licence. The website markets itself as Transparent and Regulated in its services list while naming no authority to support that word, which is a claim a prospective client cannot check.
Velon Finance LTD.
Velon Finance LTD., also written as Velon Finance Limited in the site disclaimers, is the entity that stands behind every legal document on the site and the one a client would contract with. Saint Lucia does not operate a publicly searchable company register, so registration ID 2024-00692 could not be confirmed against an official record, and the company holds no Legal Entity Identifier.
Is VelonFX Safe?
VelonFX cannot be shown to be safe, because the two things that would make it checkable are both absent: there is no supervising authority and no independently confirmable corporate record. The site does not state that client funds are held separately from company funds, does not name any director or officer, and gives a Saint Lucia registered address alongside a United Arab Emirates telephone number without explaining the relationship between the two.
VelonFX Account Types
Three live accounts are published, all in USD and all with leverage up to 1:1000, swap free availability, an 80 percent margin call and a 30 percent stop out.
- Standard: 100 USD minimum deposit, floating spreads from 1.0 pips, no commission.
- ECN: 500 USD minimum deposit, spreads from 0.0 pips, 6 USD commission.
- VIP: 5000 USD minimum deposit, spreads from 0.0 pips, 4 USD commission.
VelonFX Spreads, Commissions and Fees
The commission ladder is the main cost difference between the tiers: nothing on Standard, where the spread starts at 1.0 pips, against 6 USD on ECN and 4 USD on VIP, where the quoted spread starts at 0.0 pips. Deposits are advertised as free of commission on every channel.
VelonFX Leverage
Leverage reaches 1:1000 on all three accounts. That is far above the caps an onshore regulator would impose and, with no supervising authority in place, nothing limits it.
VelonFX Trading Platforms
MetaTrader 5 is the only platform offered, on the VelonFinance-Server server, with desktop and mobile builds linked from the broker's . VelonFX also runs a copy trading portal and a PAMM portal on its own subdomains. No proprietary web terminal is published.
VelonFX Deposits and Withdrawals
The lists Visa and Mastercard from 100 USD with execution stated as up to four hours, Bitcoin from 0.00037 BTC in three to thirty minutes, and Tether on the ERC-20 and TRC-20 networks from 50 USDT stated as instant. All are shown with no commission. The page publishes no withdrawal fee schedule, no withdrawal minimum and no withdrawal processing time, so the conditions for taking money out are not disclosed before a deposit is made.
VelonFX Support
Support runs by telephone on +971-567-0987 and by email, with separate addresses for accounts, partnership and customer support, and the contact page states weekday hours of 9am to 5pm with a 24 hour email response target. The homepage advertises help 24/7 and the about page advertises 24/5 live support, neither of which matches the published hours, and no live chat is offered.
VelonFX Pros and Cons
- Pro: a clear, published account table with stated spreads, commissions, margin call and stop out levels.
- Pro: a named operating company with a registered address and a disclosed registration ID.
- Con: no financial regulator anywhere, so no supervision of client money and no complaints route.
- Con: the site describes itself as regulated without naming an authority.
- Con: withdrawal fees, limits and timings are not published at all.
- Con: the company was formed in 2024, giving no track record.
VelonFX Review and Assessment
VelonFX presents a conventional MT5 offering with competitive published pricing, but the entire proposition rests on an unsupervised Saint Lucia company formed in 2024 whose registration could not be confirmed on any accessible official record. The single most important consideration before funding an account is that no authority stands behind the deposit and the terms for withdrawing it are not published.
Regulation check
Regulatory Licenses
We have not confirmed any regulation for VelonFX. Money deposited with an unregulated broker is protected only by the company itself.
No regulation
Trading with an unregulated broker puts your deposit at risk.
No regulation
We have not confirmed any regulation for VelonFX. An unregulated broker is not supervised by a financial authority, and money you deposit is protected only by the company itself.
What this means for you
- No compensation scheme covers your funds.
- No regulator to escalate a complaint to.
- No audit of how client money is held.
Trading accounts
Account Types
3 account types on record. Minimum deposit from USD 100. Leverage up to 1:1000.
3 account types
| Account | Min Deposit | Max Leverage | Commission |
|---|---|---|---|
| StandardStandard | USD 100 | 1:1000 | 0 |
| ECNECN | USD 500 | 1:1000 | $6 |
| VIPVIP | USD 5,000 | 1:1000 | $4 |
Client acceptance
Country availability
Where VelonFX says it will and won't take clients
11 countries
Confirmed blocked
Named in the broker's own terms
USUnited StatesCUCubaIQIraqMMMyanmarKPNorth KoreaSDSudan
Covered by a parent block
Territories a blocked country carries with it
PRPuerto RicoGUGuamVIVirgin Islands (U.S.)ASAmerican SamoaMPNorthern Mariana Islands
How we know — 8 sources
- 1The site-wide disclaimer published on velonfx.com states: 'Restricted Regions: Velon Finance Limited does not provide services for citizens/residents of the United States, Cuba, Iraq, Myanmar, North Korea, Sudan.' Those six are recorded as confirmed blocks.
- 2United States dependent territories (Puerto Rico, Guam, US Virgin Islands, American Samoa, Northern Mariana Islands) are recorded as dependent-territory blocks: the disclaimer names the United States but not the territories themselves.
- 3The registration form at my.velonfx.com/auth/register offers an unfiltered global country list of 246 entries that still includes the United States, Cuba, Iraq, Myanmar, North Korea and Sudan, so onboarding does not enforce the published restriction at the form level. No whitelist is recorded, because a full world list is not an explicit acceptance of any jurisdiction.
- 4The same disclaimer adds that information on the site is not directed at residents of any jurisdiction where distribution or use would be contrary to local law, which names no country and therefore sets no codes.
- 5The deposit and withdrawal page at velonfx.com/deposit-and-withdrawal/ was read and publishes no jurisdiction restriction of its own.
- 6No dedicated restricted-countries page is published: /restricted-countries, /prohibited-countries and /accepted-countries were not found on the site, and the only country language is the footer disclaimer carried on every page.
- 7The client agreement PDF at velonfx.com/Velon_TCs.pdf and the risk disclosure notice were reachable but could not be read as text this run, so no code rests on them.
- 8The broker holds no regulatory licence, so there is no regulator filing to read for permitted jurisdictions.
Deposits & withdrawals
Funding Methods
4 ways to fund an account. 4 with no deposit fee. 2 credit instantly.
4 methods
| Method | Deposit fee | Withdrawal fee | Min deposit | Withdrawal min / max | Processing |
|---|---|---|---|---|---|
| VisaCredit Card1 | Free | Not recorded | USD 100 | Not recordedNot recorded | Up to 4 hours |
| MastercardCredit Card1 | Free | Not recorded | USD 100 | Not recordedNot recorded | Up to 4 hours |
BitcoinCryptocurrencyMinimum 0.00037000 BTC, commission stated as free, execution 3 to 30 minutes. | Free | Not recorded | BTC 0 | Not recordedNot recorded | Instant |
Tether (USDT)CryptocurrencyOffered on ERC-20 and TRC-20 networks. Minimum 50.00 USDT, commission stated as free, execution instant. | Free | Not recorded | USD 50 | Not recordedNot recorded | Instant |
Broker's notes on these methods
- Minimum 100 USD, commission stated as free, execution up to 4 hours. · applies to 2 methods
Trading software
Trading Platforms
One trading platform on record: MetaTrader 5.
1 platform
Websites
Global Domains
3 domains on record. All active and served over HTTPS.
3 domains
Legal entities
Corporate Network
One legal entity behind the VelonFX brand.
1 entity
Company registry check
Company Registration
VelonFX names Velon Finance LTD. as the operating company. We could not confirm that registration on the registry.
Not confirmed on registry
- Legal entity
- Velon Finance LTD.
- Registration number
- 2024-00692
- Jurisdiction
- Saint Lucia
- Registry
- Saint Lucia Registry of Companies and Intellectual Property (public entity search is restricted to registered users; no GLEIF LEI record exists for this entity either)
- Registered address
- Ground Floor, The Sotheby Building, Rodney Village, Rodney Bay, Gros Islet, Saint Lucia
Peer comparison
Brokers worth comparing
3 other brokers on the record share what VelonFX offers — its country, regulator, account types or platforms — set beside it on the same measures.
3 peers
VelonFX
This recordSaint Lucia· Velon Finance LTD.Wikilix score 46.0RegulationNo RegulationMax leverage1:1000Platforms1LicencesNot recordedGIRAFFE MARKETS
Saint Lucia · since 2023· Giraffe Markets LimitedWikilix score 39.0RegulationOffshoreFSCMax leverage1:500Platforms1Licences1Global Next Trade
Mexico · since 2019· GNT Capital LTDWikilix score 39.0RegulationOffshoreCIMAMax leverage1:300Platforms1Licences1GEMFOREX
Seychelles · since 2010· GEMFOREX LIMITEDWikilix score 39.0RegulationRegulatedFSAMax leverage1:500Platforms2Licences1
Frequently Asked Questions
Frequently Asked Questions
Common questions about VelonFX
Most Popular Questions
By telephone on +971-567-0987 and by email, with separate addresses for general enquiries, accounts, partnership and customer support. The contact page states weekday hours of 9am to 5pm and a 24 hour email response target, though other pages advertise 24/7 and 24/5 availability. No live chat is offered.
Its operating company states it was established in 2024, so the broker has under two years of trading history. That is too short a record to show how the firm behaves when markets or its own finances come under pressure.
The website makes no statement about client fund segregation, and there is no regulator imposing it. A client should assume deposits are not ring fenced from company money.
Yes. Swap free is listed as applicable on all three account tiers, Standard, ECN and VIP.
The site disclaimer states that Velon Finance Limited does not provide services to citizens or residents of the United States, Cuba, Iraq, Myanmar, North Korea and Sudan. It adds that the site is not directed at residents of any jurisdiction where such use would be contrary to local law. The registration form itself still presents a full global country list, so the published restriction is not enforced at the point of sign up.
The broker advertises fast withdrawals but publishes no withdrawal processing times, limits or fees anywhere on its funding page. Because there is no regulator to appeal to, a client who is not paid has no supervisory complaints route.
Deposits are accepted by Visa and Mastercard from 100 USD with execution stated as up to four hours, by Bitcoin from 0.00037 BTC in three to thirty minutes, and by Tether on the ERC-20 and TRC-20 networks from 50 USDT stated as instant. Every channel is advertised as commission free. The broker publishes no withdrawal fee schedule, no withdrawal minimum and no withdrawal processing time.
The Standard account quotes floating spreads from 1.0 pips with no commission. The ECN account quotes from 0.0 pips with a 6 USD commission, and the VIP account quotes from 0.0 pips with a 4 USD commission. All three run an 80 percent margin call and a 30 percent stop out.
MetaTrader 5 only, on the VelonFinance-Server server, with desktop and mobile builds linked from the broker's platform page. The broker also operates a copy trading portal and a PAMM portal on its own subdomains.
Up to 1:1000 on all three account types. Leverage at that level magnifies losses as much as gains and sits far above the limits an onshore regulator would allow, and there is no supervising authority here to constrain it.
100 USD for the Standard account, 500 USD for the ECN account and 5000 USD for the VIP account. Card deposits also carry a per transaction minimum of 100 USD, and the crypto channels start at 0.00037 BTC or 50 USDT.
There is no confirmed evidence that VelonFX has defrauded clients, and equally nothing that shows it to be safe. It operates with no financial supervision, a corporate registration that could not be confirmed on any accessible official record, and no published withdrawal terms. On that basis it should be treated as high risk and unverified rather than either clean or proven fraudulent.
The brand is operated by Velon Finance LTD., also written as Velon Finance Limited in the site disclaimers, which the website states was established in 2024 at Ground Floor, The Sotheby Building, Rodney Village, Rodney Bay, Gros Islet, Saint Lucia under registration ID 2024-00692. No director, officer or shareholder is named anywhere on the site.
No. VelonFX names no financial regulator and publishes no licence number on its website. The only official identifier its operator discloses is a Saint Lucia company registration ID, and a company registration is not financial regulation.
Comments
Share your thoughts and experiences with VelonFX