With offices in Montreal, New York, London, Sydney, Auckland and Cape Town, Velocity Trade has developed a hybrid trading system since its inception in 1999. Having initially started as a physical brokerage, Velocity Trade has embraced the benefits of online FX trading since 2007 and now provides electronic pricing and execution through a 24-hour direct dealing desk.
The benefit of a trading through a direct dealing desk means users aren’t exposed to commission charges or spread mark-ups and this is something that has allowed Velocity Trade to attract over $5 billion in trading activity each month.
VelocityTrade.com’s Special FX:
Customer satisfaction is something Velocity Trade prides itself on. Indeed, this is something they strive to achieve on a daily basis through a number of features, including: access to a global agency of traders 24/6 through a single accounts, fast settlements and account professionals who can help advise traders on various risk management strategies.
Another defining feature of Velocity Trade is its financial might. When trading through any FX broker it’s important to feel confident in both their personal liquidity and their ability to access market liquidity. Fortunately, Velocity Trade counts two major banks within its list of shareholders which means it’s not only a robust company but one that has strong links with many industry leaders.
If you’re unsure of how trading in Forex works the Velocity Trade offers demo accounts through all of its platforms. Giving direct access to the FX market for 30 days, these platforms are a great way for novice traders to sample the site and hone their skills in a risk free environment.
Velocity Trade gives users the ability to access the currency exchange market through two main platforms: MetaTrader 4 and Terminal Velocity.
Both designed to give traders access to 30 currency pairs, each platform offers live data feeds, market overviews, in-chart trading and a selection of order and Expert Advisors.
For traders who want to take a somewhat more leisurely approach to FX trading, Velocity offers mirror trading through ZuluTrade. The automated platform takes much of the hassle out of trading by allowing users to directly copy the investments of experienced professionals.
Whether you’re accessing the Forex market through MT4, Terminal Velocity or ZuluTrade, Velocitytrade.com offers the following account conditions:
Minimum account size $1,000.
Minimum position size is 0.01 lots.
Fixed spreads from 2.5 pips.
Leverage of 1:100.
Trading takes place on 4 digits after the comma.
Access to 30 currency pairs.
In addition to these parameters, Velocity Trade members can benefit from: trailing stops, one-click trading and mobile trading.