The VeloCityTradeFX broker is a typical online trading scam. The firm hid information about the owner and headquarters and gave investors false addresses and phone numbers. We explain why VeloCityTradeFX is not worth dealing with in our review.

Furthermore, we invite you to read GPSwiss, IsTrade, and Global Coin scam broker reviews. With them, your funds are at risk!

1. Scam Broker Status: Unregulated
2. Forex Provider: Unlicensed / Unregulated
3. Websites of scammers: velocitytradefx.com
4. Forex Trading Scam: Active
5. Listed as a scam by BCSC, IIROC
6. Owner of the broker: N/A
7. Country of Headquarters: N/A
8. Year of foundation: 2021
9. Platform: WebTrader
10. Trading on mobile devices: Available
11. Deposit requirements: $5,000
12. Bonus on deposit: Yes
13. Trading Cryptocurrencies: Not Available
14. Trading CFDs is possible: Yes, you can trade CFDs
15. Instruments traded: F.X., commodities, indices, stocks
16. Leverage maximum: 1:500
17. Islam Account: Not available
18. Demo Account: No, only live accounts are available
19. U.S. traders are accepted: U.S. traders are accepted
20. Fraud Protection Team: Don’t Invest in This Scam Broker!

Do you think VeloCityTradeFX is a forex and cryptocurrency scam?

VeloCityTradeFX has offices in Canada and the U.K., according to its website. The company has no official owner. As Tier 1 countries, both countries require licenses for brokers to operate. Estonian and Saint Vincent and the Grenadines law govern following the Terms and Conditions. Compared to SVG, Estonia is known as the loosest country in Europe, home to many fraudsters and scammers.

We found that any authority does not regulate VeloCityTradeFX. The VeloCityTradeFX brokerage is a scam. Also, there has never been a listing of the firm’s owner. The company’s Terms and Conditions state it operates under the laws of Estonia and Saint Vincent, and the Grenadines. The fact that VeloCityTradeFX runs a legitimate business overseas in both places speaks volumes about the company’s legitimacy.

VeloCityTradeFX Bonus: Another Way to Scam You

The company also offers bonuses to customers who sign up with VeloCityTradeFX. Not only do regulators strictly prohibit these incentives, but they also include a malicious Bonus Policy.

The policy states, “Bonuses issued by VeloCityTradeFX can only be withdrawn after executing. Also, the deposit amount plus the bonus must be traded 25 times.

“In other words, until you qualify for a withdrawal, you cannot get your money back.

Scammed by VeloCityTradeFX Broker? – Talk To Our Experts

If VeloCityTradeFX has scammed you or someone you know, please get in touch with us immediately. Also, you may be able to get a refund from our chargeback specialists.

We’ve learned how to exploit scammers’ weaknesses in your favor through years of experience dealing with scammers. So, let’s start the refund process as soon as possible so your money doesn’t disappear with this broker.