VelocityTrade Review: Velocity Trade Group a SCAM

 
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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.

However, if you have lost money while dealing with this shady Forex and CFDs broker, you can RECOVER YOUR FUNDS here

Is VelocityTrade a legit broker?

This broker is not legitimate. They are also formerly known as VelocityTradeFX. They dropped this name because the brand had gained negative reputation.

The broker is claiming to have offices in North America, Europe, Australia, Asia and Africa. However, all of these continues have countries that are regulated the Forex and CFDs industry.

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.

In fact, this is the reason why the broker has been blacklisted by the British Columbia Securities Commission for illegally offering financial services to BC residents.

Usually when there is such a warning, it means there is a very high risk of losing money in the hands of the broker in question.

For that reason, VelocityTradeFX is not a legit broker and you should avoid them.

Are your funds safe with Velocity Trade broker?

The company Velocity Trade group is not authorized to provide financial service anywhere in the world. This is because the authorities have determined that their two websites are shady and intending to scam investors.

We also don’t know the names of the people behind these two websites. Their CEO and team members are faceless, which is a big setback to them because we can’t trust faceless people with our money.

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.

VelocityTrade Review: The Conclusion

Avoid this shady broker at all cost because their website will frustrate you the moment you transfer funds from your bank account to the scammers account.

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 funds.

Do you want to submit a broker or comment about their scam activities? BrokerProfile is the uncensored forum where you can discuss freely about good and bad trading service providers..

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