VelocitytradeFX com Scam VelocitytradeFX Reviews

If the broker asks for an amount more than the average, chances of a scam. All Scam Reports Team advise the user to avoid investing here, as we have found that VelocityTradeFX broker is suspicious, and operating without any legal license. There have been proofs of some suspicious activities similar to the signs mentioned in the above points. So it can be concluded that VelocityTradeFX is a potential scam broker.

Try them out and let us know if they are still up to their reputation. Koinly connects your wallets and exchanges and calculates your crypto taxes for you and generates a variety of tax reports – including IRS tax reports, ATO tax reports, TurboTax tax reports and more. Coinmama – It is a leading cryptocurrency exchange platform to buy & sell crypto with credit card, debit card or bank transfer. VeloCityTradeFX is an online trading broker owned by VeloCityTradeFX and located at 1 Lime St, London EC3M 7HA, United Kingdom & 100 Adelaide St W, Toronto, ON M5H 0E2, Canada.

They can easily do silly things because they are sure they are not answerable to any watchdog which may go after them. Scammers present many fraudulent ads on the Internet and social media. Their aim is to lure as many people as possible to steal from. We will highlight the red flags in this broker that you need to consider before deciding whether to or not to invest with them.

velocitytradefx

There are no specified conditions on one account or another, all the differences between offerings referred to an entity of Velocity Trade you are going to trade with. February 18, – The Investment Industry Regulatory Organization of Canada is warning Canadian investors not to be fooled by the website velocitytradefx.com or by cold callers representing velocitytradefx. Many of the products and services offered by members of the Velocity Trade group are country or jurisdiction specific. Accessing any product or service via this website is not an offer, inducement or invitation to purchase those products or services. Velocity only carries on securities transactions and activities in those countries it is authorised to do so.

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If you fallen victim please leave a review and a comment on this site at the comment section. Also, when these people change their website they tend to call the old clients, so if they call you from a new website please write it down on the comment or let us know it by contacting us. That would be really appreciated by us and families all over world. Also if you get phone calls from other companies please put the name of these companies also in the comment or send it to us. All Scam Reports is an online community helping hundreds of scammed people every year in recovering their hard earned money from Scams. Scams can be of any type – Forex trading scam, Binary Options trading scam, Cryptocurrency trading scam or other.

  • There are no specified conditions on one account or another, all the differences between offerings referred to an entity of Velocity Trade you are going to trade with.
  • EToro – One of the most trustworthy crypto platform out there (if you live in the United States you get a bonus up to 12% when you deposit – join HERE).
  • While SVG doesn’t have a financial regulator, Estonia is quite known as the loosest European country, hosting numerous fraudulent firms and payment processors.
  • If you are a victim of this broker, you must complete the file below or use the online chat if the amount lost is greater than $5,000 to be put in direct contact.

If you already deposited your money with them and they refuse to give your money back, which is very likely to happen, don’t worry, it might be a way or two to get your money back. If you want to withdraw your money and it does not matter if you have profits or not, they will delay the withdrawing process for months. If they delay it for six months, you won’t be able to file a chargeback anymore and your money is gone for good.

What Is the VeloCityTradeFX Minimum Deposit?

This is because the authorities have determined that their two websites are shady and intending to scam investors. In this VelocityTrade review, we prove that the broker whose two websites are fxdesk.co.za and velocitytrade.com are scams that you should avoid. Another way to hurt them and save other people from falling victims is to leave bad reviews on other sites, and describe shortly what happened.

As we discover, Velocity Trade is not only regulated broker in one entity, but a global trading provider that holds multiple licenses from the world-recognized authorities regulation Forex industry. These registrations include FCA from the UK, Australian ASIC, Canadian IIROC, FMA from New Zealand and South Africa FSCA. You may also learn more why trade with ASIC-regulated brokers by the link. Velocity Trade provides quality trading conditions and transparent trading due to regulation and DMA access. There are various exchanges available for trading and various assets available to trade, trading technology is good and there are many platforms to choose from. Velocity Trade is a global brokerage firm that delivers its trading environment and opportunity through a range of global entities located in some of the main jurisdictions around the world. These entities include offering designed across Australia, Canada, South Africa, Oceania, the UK and Europe and more, which also may be slightly different due to regulatory requirements.

Your funds are not safe because if you end up getting scammed by VelocityTradeFX, then no compensation or intervention will be done by the relevant financial authority. The problem is that Velocity Trade does not have a license or authorization of any kind. This means that the broker cannot legally offer any type of financial service. You should submit a withdrawal request ASAP, because your funds are never safe with an unregulated broker. CEX.io – Cryptocurrency exchange that allows customers to buy crypto in minutes with a debit or credit card and withdraw it to a card or bank account in just a few clicks.

velocitytradefx

They will tell you all kinds of excuses so as not to get your funds out of the platform. Ultimately, you will need professional help to Recover your lost velocity trade funds. They dropped this name because the brand had gained negative reputation. Feel free to share this page using the buttons provided at the top.

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So with our view, Velocity Trade might be an interesting opportunity for the traders of bigger size or those experienced in Forex already, beginners better refer to other brokers. The minimum deposit is generally asked in very small amounts by the legitimate brokers as taking huge amounts as the minimum deposit is not advised by the regulations. However, the tradition of taking huge minimum deposits is extremely common in scam brokers as their main aim is to steal as much money as they can from the trader before they get suspicious. The usual amount asked by the legitimate brokers lies in the range of $5 to $10.

velocitytradefx

To make sure you are dealing with a regulated and known broker, you should be able to find easily who is the CEO of this brokerage firm, who is running it etc. Lack of information is a big red flag since you don’t know who will be dealing with YOUR MONEY. This is the reason why your funds are not safe with https://forex-review.net/. Is warning Canadian investors not to be fooled by the website velocitytradefx.com or by cold callers representing velocitytradefx. Additionally, two authorities, BCSC and IIRC, issued warnings stating that this brokerage is not authorized to provide financial services or financial advising.

Were You The Victim of Any Type of Fraud?

Ranking, remember that your website is your online business card. It could be anything from your online management system, to HTTPS connection. When we look into websites, we search for professional details that reveal key information about a business – how they sell, poor customer service, etc. For example, if we analyze a brewery page, we don’t rate the beer taste, but rather their website and how they sell the beer. If you live outside the United States, you can safely invest in eToro by clicking HERE.

About IIROC

For more details, you may always contact support or customer service that remains on hand at any step of your trading. ECN/STP brokerages are preferred by many traders, because it tends to mean faster execution, more accurate pricing and more liquidity. Velocity Trades offers traders the opportunity to trade in this market from our Trading Platform. You have access to trade major, minor and exotic currencies from our platform.

Above all, if you want to start trading, ensure you find a broker providing MetaTrader – the best this industry offers. In addition, upon investing, you’ll be transferred to the next level of support – an account manager. This person should show you the platform and ensure you’re comfortable investing. However, the reality with brokers like VeloCityTradeFX is a bit different.

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