How we handle your money

When transferring your money around the world, you need to be sure that it is 100% secure.

Our LatitudeGT transfer platform is designed to ensure that your money is safe and available to you. We are linked to ten of the world’s largest banks which allows us to provide you with not only the best exchange rates but with the best systems to transfer your money quickly and safely.

In order for us to deliver the money you want to transfer; you must first transfer the required funds into a Velocity Trade bank account. This account is a Segregated Funds Account meaning it can be used by us only to exchange currencies and only in accordance with your instructions. It is not the intention to hold client funds and we do not earn interest on your money; but rather we send out the money based on your specified instructions as soon as we receive your funds.

Top security

Velocity Trade has been successfully helping our clients save money on transferring money around the world since 2007. Originally established in Canada by a consortium of financial experts, we have expanded and have offices in Toronto, New York, London, Sydney, Auckland and Cape Town. We are linked to some of the largest banks in the world to gain access to wholesale rates and top security processes. We take our responsibilities very seriously and use only the best practices to ensure that your money is safe. We are diligent about obeying the regulations of the countries we operate in and our procedures and systems are checked internally and externally to ensure they are secure. We are audited by major international accounting firms and actively participate in industry associations to increase the general responsibility of financial service intermediaries.

Click here to find out more about our currency transfer process and see how the LatitudeGT platform works.

Regulation

Velocity Trade Limited

Velocity Trade Limited is part of Velocity Trade International, a group of companies that operates around the globe, offering physical foreign exchange and margined derivatives. We have offices in Toronto, London, New York, Auckland, Sydney and Cape Town and have licenses and authorisations in key markets.

New Zealand

Authorised Futures Dealer

Financial Markets Authority*
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Financial Markets Member

New Zealand Financial Markets Association
We are a 5 star rated member of the NZFMA as a financial intermediary and adhere to the strict guidelines required by the NZFMA
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Financial Service Provider

New Zealand Companies Office: Financial Service Providers Register
Registration number: FSP20003
Status: registered

Broking services
Operating a money or value transfer service
Changing foreign currency
Entering into or trading on an exchange, in an over-the-counter market

Dispute Resolution Scheme

New Zealand Financial Dispute Resolution Scheme Member
Membership number: FM0279
Status: registered

Australia

Australian Financial Services Licence

Australian Securities & Investment Commission (ASIC)
Registered company name: Velocity Trade Limited
Licence number: 329813
Status: current
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United Kingdom

Registered Money Broker

Her Majesty's Revenue and Customs (HMRC)
Registration number: 12625854
Registered as a Money Broker (Bureau de Change and Money Transmitter)
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Velocity Trade International

Canada

Registered Money Services Broker

Registered with the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC)
Providing physically delivered FX to broker dealers, institutions, and corporations.
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