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The UK Broker Velocity not Really Exist

Danger United Kingdom

10 Queen Street, London, England

The UK Broker Velocity not Really Exist
Danger United Kingdom

Inspection Reason

There are many calls from investors asking for more disclosure of UK traders whose real office address was not in accordance with regulatory information. Given the feedback from the investors, the investigation team planned to pay a site visit to the UK broker Velocity.

Office

According to the regulatory information, the UK licensed company Velocity was located at 2nd Floor Queens House 8-9 Queen Street Lonodn ec4n 1sp United Kingdom. The investigation team paid a site visit to the office.

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The surveyors search Queen Street according to the regulatory information and GPS navigation. The surveyors were despaired that the GPS navigation unexpectedly brought the surveyors to the office building in which Santander Bank is located.

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The surveyors made much effort and found Queen Street at last. However, the surveyors didn’t find the office building with building number 8 and 9 after walking around the street to and fro several times. The surveyors went back home fruitless. 

Conclusion

The site investigation by the investigation staff confirmed that the UK licensed broker Velocity doesn’t exist. As was informed, the broker hold a financial service company license issued by FSP, and two investment advisory licenses issued by ASIC and FCA, without forex brokerage qualification. The broker goes beyond its licensed business scope and has risk at certain degree. Please choose the broker prudently to avoid fund loss.

Broker Information

Regulated
Velocity Trade

Website:https://velocitytrade.com/

15-20 years |Regulated in United Kingdom |Straight Through Processing(STP) |MT4/5 full license |Regional Brokers |Suspicious Overrun |High potential risk |
  • Company Name:
    Velocity Trade Limited
  • Country/ Region of Registry:
    Australia
  • Company Abbreviation:
    Velocity Trade
  • Official Email:
    sales-uk@velocitytrade.com
  • Twitter:
    --
  • Facebook:
    --
  • Customer Service Number:
    00442033556336
Velocity Trade
Regulated

Website:https://velocitytrade.com/

15-20 years | Regulated in United Kingdom | Straight Through Processing(STP) | MT4/5 full license | Regional Brokers | Suspicious Overrun | High potential risk |
  • Company Name: Velocity Trade Limited
  • Company Abbreviation: Velocity Trade
  • Country/ Region of Registry: Australia
  • Official Email: sales-uk@velocitytrade.com
  • Twitter:--
  • Facebook: --
  • Customer Service Number:00442033556336

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