BrokAIr Reviews

Velocity Trade Limited Review

"Velocity Trade Limited has been making waves in the online brokerage world with their innovative and ground-breaking approach to managing customer accounts. But can they really be trusted with your hard-earned money?"

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Overview of Velocity Trade Limited

Velocity Trade Limited is a global financial services firm offering a wide range of services to corporate and institutional clients. The firm was founded in 2004 and has offices in North America, Europe, and the Asia-Pacific region. Velocity Trade provides a full suite of trading services, including equities, options, futures, foreign exchange, and more. It also offers research, analytics, and other market intelligence.

Pros

Cons

Founders

Velocity Trade Limited was founded by Jean-François Thériault and Richard Groome in 2004. Thériault is the firm’s Chief Executive Officer, while Groome is the Chief Operating Officer. The two have been at the helm of the company since its inception and have overseen its growth into a major global financial services firm.

Public Opinion

Overall, Velocity Trade Limited has garnered a positive reputation among traders and investors. Many have praised the firm’s comprehensive suite of services, global presence, online platform, customer service, and competitive fees. However, there have been some complaints about the minimum account balance requirement, limited range of products in some regions, and insufficient customer service in certain areas.

Newsworthy Events

In 2020, Velocity Trade Limited expanded its presence in Europe with the opening of an office in London. The firm also launched a new online platform for institutional clients called Velocity Pro. Additionally, it was recently approved as an Approved Financial Services Provider by the Financial Conduct Authority in the United Kingdom.