Security and availability are crucial

When trading FX and CFDs, you need to be sure your money is secure and readily available to you.

At Velocity Trade, we are diligent about using only the best practices to ensure your money is safe. Our platforms provide real-time balances and we process all deposit and withdrawal requests same day, so you can deposit, withdraw and monitor your funds quickly and easily.

We adhere to all client fund regulations and your funds are kept in a Segregated Funds Account. This is a client trust account Velocity Trade holds in New Zealand, with a bank registered with the Reserve Bank of New Zealand for New Zealand accounts. Australian accounts are held at an Australian bank registered with the Reserve Bank of Australia.

Client funds deposited with us are segregated from our own funds so client funds are not available to pay general creditors in the event of receivership or liquidation by Velocity Trade. Such amounts are not treated as funds belonging to Velocity Trade, but are treated as funds belonging to the client and will be invested by Velocity Trade in accordance with the Corporations Act. You can operate your account in all major currencies such as NZD, AUD, USD, HKD, GBP and EUR.

Margin requirements

When you open a position, funds representing any margin requirement and free margin are set aside in your Client Segregated Funds Account for the duration of the trade, which represents collateral for your exposure for the transaction. Upon close-out of your position, unrealised profits or losses are credited to or debited from your Client Account according to the system-calculated mark-to-market valuation of your open position, and the margin is returned to your account.

If the funds in your account drop below the minimum margin level, you’ll need to top up your account or close some of your positions. You can monitor the amount of money used for margin and your account balance by logging into your account on the trading platform.

Any Restrictions?

Funds can only be withdrawn once they have cleared, except in the case of accounts paid with credit cards in which we may hold funds further in order to protect you and prevent any credit card fraud
You can only withdraw funds not required to cover your margin.
You can only transfer funds from your Client Account to a bank account in your name. To use your Client Account funds to pay a third party, you need to transfer the money to your bank account first.

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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