Velocity Trade International was started in Canada in 2007 by a group of experienced financial market experts to provide competitive foreign exchange pricing, superior service and electronic access to the markets for Institutions and Corporations. Velocity trade has since expanded its product offerings to include Direct Market Access (DMA) for leveraged currency trading and CFDs, and has opened offices in New York, London, Cape Town and Sydney. In 2010, Velocity Trade International expanded into Asia Pacific with the acquisition of the New Zealand-based Latitude FX. Velocity Trade’s worldwide access to wholesale interbank rates and advanced trading platforms allowed Velocity Trade to fulfill Latitude FX’s original mission: to provide individual retail investors with access to the most competitive exchange rates and conflict-free foreign exchange trading and currency transfers.
Company Name: Velocity Trade International
Online Since: 2007
Country: New Zealand
Regulated: Regulated by the financial laws of New Zealand and audited by PriceWaterhouseCoopers.
Payments/Withdrawals: Latitude GT (Proprietary currency transfer system), Wire transfer, credit cards, cash and checks
EUR/USD Spread: 2 pips
Minimum Account Size: $100
Leverage: up to 1:100
Minimum Position: 0.1 lot
Platform(s): Metatrader 4, Terminal Velocity (Proprietary)
Mobile trading: No
Demo Account: Yes (30 days)
Support: Live chat, email, phone
Training: No
Managed Accounts: No
Languages Supported: Chinese, English
Trade what?: Forex, CFD’s
ECN/STP: STP execution
Advantages: Metatrader 4 platform, tightly regulated
Disadvantages: U.S. Citizens not accepted as clients
Partner Programs: No
Learn more about Latitude FX here
