Velocity Trade
Virtual Brokers
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Overview
Velocity Trade was founded in 2007 and is headquartered in Australia, while Virtual Brokers was established in 2008 and is based in Canada. Velocity Trade holds licences including Australian Securities & Investment Commission (ASIC), while Virtual Brokers is regulated by The Investment Industry Regulatory Organization of Canada (IIROC) among others. Velocity Trade serves 10,000+ clients worldwide; Virtual Brokers has 10,000+. The minimum deposit is $1 at Velocity Trade and $1000 at Virtual Brokers.
| Feature | Velocity Trade | Virtual Brokers |
|---|---|---|
| Min. Deposit | $1 | $1000 |
| Regulation | 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) | The Investment Industry Regulatory Organization of Canada (IIROC), Canadian Investor Protection Fund (CIPF) |
| Founded | 2007 | 2008 |
| Country | Australia | Canada |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between Velocity Trade and Virtual Brokers, directly affecting your bottom line as a trader. Velocity Trade has a lower barrier to entry with a minimum deposit of $1 (vs $1000 at Virtual Brokers). Virtual Brokers charges withdrawal fees while Velocity Trade does not, giving Velocity Trade an edge for frequent withdrawers. Velocity Trade applies inactivity fees on dormant accounts; Virtual Brokers does not. Virtual Brokers charges deposit fees; Velocity Trade does not. Overall, Velocity Trade scores higher on fees in our assessment.
| Feature | Velocity Trade | Virtual Brokers |
|---|---|---|
| Min. Deposit | $1 | $1000 |
| Withdrawal Fees | No | Yes |
| Inactivity Fees | Yes | No |
| Deposit Fees | No | Yes |
| CFD Fees | No | No |
Platforms
Velocity Trade offers MT4, while Virtual Brokers supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. Virtual Brokers supports social and copy trading features, which Velocity Trade does not offer. Virtual Brokers edges ahead on platform breadth and functionality in our scoring.
| Feature | Velocity Trade | Virtual Brokers |
|---|---|---|
| MT4 | Yes | Yes |
| MT5 | No | Yes |
| cTrader | No | Yes |
| Windows App | Yes | Yes |
| iOS App | Yes | Yes |
| Android App | Yes | Yes |
| Trading Platforms | MT4, Mobile Apps | MT4,Desktop,iPhone/iOS |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how Velocity Trade and Virtual Brokers 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 | Velocity Trade | Virtual Brokers |
|---|---|---|
| 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. Velocity Trade accepts 2 of the tracked payment methods (bank transfer, credit/debit card), while Virtual Brokers supports 2 (bank transfer, credit/debit card). Both brokers support the same set of payment methods.
| Feature | Velocity Trade | Virtual Brokers |
|---|---|---|
| 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 Velocity Trade and Virtual Brokers 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 | Velocity Trade | Virtual Brokers |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, and Chinese |