Gas Alrex 4.0 (velocityfundstrategies.com) has been flagged by ASIC (Australia) for "Unlicensed". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: velocityfundstrategies.com.
I had high hopes for Gas Alrex 4.0 (velocityfundstrategies.com) based on a colleague's recommendation, but my experience has been disappointing. Customer support is slow, the platform has frequent issues, and their fee structure is not as transparent as advertised. I am actively looking for alternatives now.
Pros: Quick verification|Social trading features|Responsive team
Cons: Slow to add new assets
The platform itself is okay, but the customer service at Gas Alrex 4.0 (velocityfundstrategies.com) is truly awful. I waited weeks for a response to a simple inquiry. When they did respond, it felt like a generic template that did not address my specific issue at all.
Pros: Wide product range|Responsive team|Regular platform improvements
Cons: Withdrawal takes 1-2 business days
I wanted to transfer my portfolio from another broker to Gas Alrex 4.0 (velocityfundstrategies.com). They said they do not accept in-kind transfers for my asset type. I had to sell, withdraw, deposit, and rebuy - incurring taxes and spread costs. They did not tell me this before I signed up.
Pros: Full transparency|Competitive fees
Cons: Minimum deposit could be lower|Slow to add new assets