Startrader
Velocity Trade
BrokerDataNet earns affiliate commission from brokers listed on this site. This does not affect our ratings or editorial independence.
Overview
Startrader was founded in 2011 and is headquartered in Hong Kong, while Velocity Trade was established in 2007 and is based in Australia. Startrader holds licences including Financial Conduct Authority (FCA), while Velocity Trade is regulated by Australian Securities & Investment Commission (ASIC) among others. Startrader serves 500,000 + clients worldwide; Velocity Trade has 10,000+. The minimum deposit is $50 at Startrader and $1 at Velocity Trade.
| Feature | Startrader | Velocity Trade |
|---|---|---|
| Min. Deposit | $50 | $1 |
| Regulation | Financial Conduct Authority (FCA), Saint Vincent and Grenadines (SVG) and Financial Services Authority Seychelles (FSA) | 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 | 2011 | 2007 |
| Country | Hong Kong | Australia |
| Clients | 500,000 + | 10,000+ |
Fees
Fees are a critical factor when choosing between Startrader 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 $50 at Startrader). Startrader charges withdrawal fees while Velocity Trade does not, a notable advantage for frequent withdrawers. Velocity Trade applies inactivity fees on dormant accounts; Startrader does not. The two brokers are broadly comparable on fee structure.
| Feature | Startrader | Velocity Trade |
|---|---|---|
| Min. Deposit | $50 | $1 |
| Withdrawal Fees | Yes | No |
| Inactivity Fees | No | Yes |
| Deposit Fees | No | No |
| CFD Fees | Yes | No |
Platforms
Startrader offers MT4, MT5, cTrader, while Velocity Trade supports MT4. Startrader supports social and copy trading features, which Velocity Trade does not offer. The two brokers are closely matched on platform offering.
| Feature | Startrader | Velocity Trade |
|---|---|---|
| MT4 | Yes | Yes |
| MT5 | Yes | No |
| cTrader | Yes | No |
| Windows App | Yes | Yes |
| iOS App | No | Yes |
| Android App | No | Yes |
| Trading Platforms | MT4, MT5 and Web Trader | MT4, Mobile Apps |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how Startrader 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. The two brokers are evenly matched on educational content.
| Feature | Startrader | Velocity Trade |
|---|---|---|
| Forex Education | Yes | Yes |
| CFD Education | Yes | Yes |
| Weekly Webinars | Yes | Yes |
| Daily Commentary | Yes | Yes |
| Trading Central | Yes | Yes |
| Autochartist | Yes | Yes |
Deposits & Withdrawals
Convenient deposit and withdrawal options reduce friction for traders, especially important when managing positions across time zones. Startrader accepts 4 of the tracked payment methods (bank transfer, credit/debit card, Skrill, Neteller), while Velocity Trade supports 2 (bank transfer, credit/debit card). Startrader uniquely supports Skrill and Neteller among the two brokers. Startrader scores higher on deposit and withdrawal flexibility.
| Feature | Startrader | Velocity Trade |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | Yes |
| PayPal | No | No |
| Skrill | Yes | No |
| Neteller | Yes | No |
Support
Responsive customer support matters most when you're locked out of your account or need urgent help with a trade. Both Startrader 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 | Startrader | Velocity Trade |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, Chinese | English, and Chinese |