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   Brokers ›› Ratings for Velocity Futures 

Velocity Futures
90%     10%
(21 Votes)
 
Quote & Execution Speed
Range of Services
Training & Tech Support
Commissions & Fees
Overall Reliability


  1 - 5 of 21 Next 


  "reliable and professional" - IronplatesApril 23, 2013   6:32 PM  
 
Quote & Execution Speed
Range of Services
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this firm operates in a very professional manner where you can call a direct number and immediately get any trading matter resolved...fast!

  
  " Not happy." - TheBlackHandJuly 18, 2012   5:57 AM  
 
Quote & Execution Speed
Range of Services
Training & Tech Support
Commissions & Fees
Overall Reliability


So I've been a customer of Velocity for over a year which I feel qualifies me to give a reflective review, rather than some reviews which seem to be from people who have just opened accounts and yet to experience the 'warts and all' facts before their 6-8 months (average life of a retail trader) is up.

I feel strongly that reviews should reflect the products and service offered by a company. Levels of customer service are part of that offering of course, and it is that basic pillar of modern on-line business where Velocity fall short on.

Rather than list them and appear as a mad rant, I will simply give my impression on a few issues.

Essentially, Velocity is a firm that seems to spend a lot of money on promotion and advertising to give the impression they are a large reputable firm. Given the quality of service I have received, and their policies, it would appear that they are in fact a very small operation running on a shoe string. Although there is nothing wrong in that - every firm must start somewhere, I have found senior management to be dishonest, and one or 2 junior staff to be quite rude. The online chat facility is more of a frustration than a useful communication tool.

As for the products they offer, well you can get their platforms anywhere - cheaper too. However be aware that if trading CME via a DOM, they only deliver 5 levels of price, not the full 10 CME publish. Other brokers do deliver 10 on TT and other platforms. You pay exchange fees so surely that entitles you to full exchange data? I never raised this with them I'll admit - because I didnt want the frustration of trying to communicate with them again.

The only unique platform to Velocity is their on line portal. I found this to be wrong on more than one occasion which did create a bit of frustration. Yes they corrected it fairly quickly, but it was wrong again a few hours later. This happened more than once.

Finally, commissions. Well, you can shop round for yourself of course and find cheaper places.

Good luck in your broker selection.

  
  "Good Choice" - JamesLFebruary 28, 2012   12:27 PM  
 
Quote & Execution Speed
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Overall Reliability


The MF Global collapse had me looking for another broker to spread my risk. Currently with Mirus/RCG/Zenfire and wanted a TT broker. Settled on Velocity because they offered a few different platforms to use (prefer NT) and commissions reflect no hidden or extra TT fees, like others. Very happy with the service and the TT feed was everything I expected. Been with them 2 months now - no problems with trading or getting monies. Highly recommended.

  
  "Great comms, tons of front ends, all around great." - bathrobeJanuary 18, 2012   1:19 AM  
 
Quote & Execution Speed
Range of Services
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Very happy I opened an account with Velocity.

  
  "So far so great." - Chris_AnonymousNovember 15, 2011   6:22 PM  
 
Quote & Execution Speed
Range of Services
Training & Tech Support
Commissions & Fees
Overall Reliability


Not had a problem with them yet. Decent commissions based on what I've seen for other brokerages, and nice choice of charting packages.

  
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