C 7 Traders
Velocity Trade
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Overview
C 7 Traders was founded in 2014 and is headquartered in Vanuatu, while Velocity Trade was established in 2007 and is based in Australia. C 7 Traders holds licences including Unregulated, while Velocity Trade is regulated by Australian Securities & Investment Commission (ASIC) among others. C 7 Traders serves 10,000+ clients worldwide; Velocity Trade has 10,000+. The minimum deposit is $100 at C 7 Traders and $1 at Velocity Trade.
| Feature | C 7 Traders | Velocity Trade |
|---|---|---|
| Min. Deposit | $100 | $1 |
| Regulation | Unregulated | Australian Securities & Investment Commission (ASIC), BaFIN (German Federal Financial Services Authority ID: 10159853), Financial Markets Authority (FMA) of New Zealand, Financial Sector Conduct Authority of South Africa (FSCA) FSP No. 43295, Financial Conduct Authority (FCA Registered Number 497263) |
| Founded | 2014 | 2007 |
| Country | Vanuatu | Australia |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between C 7 Traders and Velocity Trade, directly affecting your bottom line as a trader. Velocity Trade has a lower barrier to entry with a minimum deposit of $1 (vs $100 at C 7 Traders). Neither broker charges withdrawal fees. Velocity Trade applies inactivity fees on dormant accounts; C 7 Traders does not. Overall, Velocity Trade scores higher on fees in our assessment.
| Feature | C 7 Traders | Velocity Trade |
|---|---|---|
| Min. Deposit | $100 | $1 |
| Withdrawal Fees | No | No |
| Inactivity Fees | No | Yes |
| Deposit Fees | No | No |
| CFD Fees | No | No |
Platforms
C 7 Traders offers MT5, cTrader, while Velocity Trade supports MT4. Both brokers provide mobile trading apps for iOS and Android. C 7 Traders supports social and copy trading features, which Velocity Trade does not offer. C 7 Traders edges ahead on platform breadth and functionality in our scoring.
| Feature | C 7 Traders | Velocity Trade |
|---|---|---|
| MT4 | No | Yes |
| MT5 | Yes | No |
| cTrader | Yes | No |
| Windows App | Yes | Yes |
| iOS App | Yes | Yes |
| Android App | Yes | Yes |
| Trading Platforms | Metatrader 4 - desktop, iOS and Android versions available. | MT4, Mobile Apps |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how C 7 Traders and Velocity Trade compare. Both brokers run regular live webinars. Both provide video tutorials, including advanced content. Daily market commentary is available from both brokers. Both integrate third-party research tools including Trading Central. Archived webinars are available at both brokers for self-paced learning. Velocity Trade scores higher overall in education and research.
| Feature | C 7 Traders | Velocity Trade |
|---|---|---|
| Forex Education | No | Yes |
| CFD Education | Yes | Yes |
| Weekly Webinars | Yes | Yes |
| Daily Commentary | Yes | Yes |
| Trading Central | Yes | Yes |
| Autochartist | No | Yes |
Deposits & Withdrawals
Convenient deposit and withdrawal options reduce friction for traders, especially important when managing positions across time zones. C 7 Traders accepts 2 of the tracked payment methods (bank transfer, credit/debit card), while Velocity Trade supports 2 (bank transfer, credit/debit card). Both brokers support the same set of payment methods.
| Feature | C 7 Traders | Velocity Trade |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | Yes |
| PayPal | No | No |
| Skrill | No | No |
| Neteller | No | No |
Support
Responsive customer support matters most when you're locked out of your account or need urgent help with a trade. Both C 7 Traders and Velocity Trade offer live chat support. Both provide phone support. Email support is available at both brokers. Both brokers offer support in 2 languages. Both brokers are comparable on support quality.
| Feature | C 7 Traders | Velocity Trade |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, and Chinese |