Looking at some brokerage companies, it’s hard to say whether they are fraudulent or not. However, some brokers are obvious scammers, definitely operating illegally. In this Trading Velocity Holdings review, we will discuss just such a firm. Even beginners will realize not to cooperate with such a platform, but we will still examine its operations and identify all the negative factors.
Key Features
- Company Name: Trading Velocity Holdings
- Website: https://tradingvelocityholdings.com/
- Available Contacts: no
- Foundation: 2024
- Services: CFD Trading
- License: no
- Initial Deposit: $1,000
From Sign-Up to Payout
“The official website of Trading Velocity Holdings looks suspicious. It’s immediately clear that it’s only half-finished. First, many important sections are missing, except for the FAQ, about us, and contacts. Where is the information about pricing plans, the platform, and additional services? Secondly, take a look at the homepage. You start scrolling through it, seeing motivational and pompous phrases commonly found on any scam broker’s site. Then there’s a list of tradable asset classes, followed by advantages and some conditions, and then simply a black wall without text or images. That is, 75% of the homepage is just a black background where some information was presumably meant to be but was forgotten to be added.
In the footer, there’s a mini risk warning. Links to legal documents and social media logos are also present. However, none of them work. If you try to click on them, it redirects you back to the homepage of the website.
The website is available only in English. Some parts of the text contradict each other, and there are also issues with formatting and design. Frankly, few would be willing to trust such a broker.
Let’s try to look at the personal account interface. To do this, you need to register an account. Trading Velocity Holdings offers a simple registration process where you only need to provide your name, country, contact details, and password. There’s no need to confirm the creation of a personal cabinet.
In the personal account, you can find descriptions of pricing plans and deposit/withdrawal methods. They look suspicious since it’s only a cryptocurrency. The company supports BTC, ETH, LTC, and USDT. Furthermore, the personal account constantly logs you out. A couple of minutes without activity, and you need to re-enter your login credentials.
If a company uses only digital currency for transactions, it’s a bad sign. This way, the platform’s creators aim to remain anonymous and untraceable. They accept funds to crypto wallets that don’t reveal their names or legal details. Additionally, the victim won’t be able to recover funds unless the scammer voluntarily returns them. Chargebacks won’t work here, as this is neither a bank nor a payment system.
Our Trading Experience With Trading Velocity Holdings
It would seem that this is a CFD broker, which means there should be some description of the platform or access to it through the personal account. Unfortunately, there is none. The tradingvelocityholdings.com website does not describe the platform in any way, and in the client area, there is no option to open the terminal. Where is the platform, and how can it be accessed? This question remains unanswered. How could such a thing be overlooked? The platform is one of the most important elements in any brokerage company.
The Reality Check
Alright, let’s move on to more critical issues in this Trading Velocity Holdings review. In some places, the broker claims to be “regulated”, which we highly doubt. In the “About us” section, the firm mentions the Australian Securities and Investments Commission (ASIC), while in the FAQ section, it states that it is not controlled by the FCA. Let’s check ASIC.
Although it was pointless, since it’s clear Trading Velocity Holdings has no license, we still need to verify. In the screenshot above, you can see the lack of regulation. A search for the name only revealed a firm with a similar name, but it wasn’t tradingvelocityholdings.com.
It turns out the broker is lying about its “regulated” status. However, the downsides don’t end there. The scammers forgot to provide their legal registration address. In reality, such a firm is not registered anywhere; it literally does not exist. It’s just a website offering fake brokerage services. These are the main reasons why this is a scam.
How Long Has Trading Velocity Holdings Been in the Game?
The scammers not only lie about regulation but also about their length of operation. Yes, the website claims 2016 as its founding year, but you shouldn’t just believe what they say. You should always conduct your own verification. If you check when the domain was registered and when the first reviews appeared, you’ll see that it happened very recently. Below is a screenshot of the domain check. So, the company is very new and inexperienced.
Through the domain check, you can also see that the company fabricated its roadmap, which supposedly starts in the fourth quarter of 2019 and ends in the third quarter of 2020. Such a platform did not exist during that time.
Extra Fraud Indicators
If you thought that was the end — it’s not. Let’s completely expose the scammers by addressing a few more red flags in this Trading Velocity Holdings review.
First, why does the company call itself educational when it offers brokerage services? It seems like the scammers are trying to mislead potential clients by suggesting that there is no need to obtain a license.
Second, there’s a lot of dishonesty. The company fabricated a team of three employees, which you can see in the “about us” section. These people have no connection to this fake platform. Trading Velocity Holdings also lies about offering a demo account, as in reality, no such account exists.
Third, the scammers forgot to remove the names of organizations from which they stole the text for their website. For example, phrases like “At BullRun247” or “ALERTSIGNALSNATION will not charge a fee” can be found. In other words, all the information is just pieced together from various sources.
Keep in mind that Trading Velocity Holdings is a dealing desk. Although the website claims to offer DMA (Direct Market Access), this is a blatant lie. In reality, traders here have no direct access to the market and never will. Instead, there’s an artificial chart, and you are trading against the platform. This creates a conflict of interest.
Is Trading Velocity Holdings the Right Fit?
To be honest, we are already tired of finding scam signs with this pseudo-company. There are probably enough red flags by now for you to understand that dealing with such a fake firm is definitely not an option. The scammers have created the semblance of a brokerage platform without even registering as a legal entity. They have no license, no terminal, and all the information on the website is copied from somewhere else and makes no sense. The only guarantee here is the guarantee of fraud.
Are you out of your mind? I’m asking those who are seriously considering the scam called Trading Velocity Holdings and those who have already invested money here. Absolutely everything points to fraud. I showed this pseudo-site to my younger brother, who has never traded forex and has no connection to investments. He even said that this seems like a suspicious company. The scammers copied entire blocks of text from other companies. I’ve seen similar conditions and sections on other websites. They don’t even have a trading platform — how can you trade? I don’t know. It’s just an obvious and blatant scam. What else is there to say?