Velocity Capital Advisor Inc has been flagged by Financial Conduct Authority for "Unregistered/Unlicensed entity offering financial products or services". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: velocitycapitaladvisorinc.com.
I am in a dispute with Velocity Capital Advisor Inc over a trade that was clearly erroneous. The price shown was wrong, I closed at a profit, and they reversed the trade and took the money back. They said it was a system error. So I lose and they keep? Unacceptable.
Pros: Personal attention|Tax reports included|Segregated accounts|Clear documentation
Cons: No live chat on mobile
My withdrawal request from Velocity Capital Advisor Inc has been pending for over two weeks now. Every time I contact support, I get the same copy-paste response about processing times. This is unacceptable for a financial platform in this day and age.
Pros: Responsive team|Tax reports included|Multi-device support|Good mobile app
Cons: Minimum deposit could be lower|Wait times can be long during peak hours
What really bothers me about Velocity Capital Advisor Inc is the disconnect between their marketing and reality. They position themselves as a premium service but deliver a below-average experience. Found them from a blog post comparing services and I fell for the polished exterior. Never again.
Pros: Automated trading options|Smooth onboarding
Cons: Wish they had more educational resources|None so far
The spread at Velocity Capital Advisor Inc is not what they advertise. During volatile markets it widens so much that you lose before the trade even starts. I found them from a blog post comparing services and initially thought the platform was good - until I started trading seriously.
Pros: Multiple order types|Multi-device support|Great customer service
Cons: Limited ETF selection
Tried to withdraw my funds from Velocity Capital Advisor Inc and was told I needed to pay a "withdrawal tax" of 20%. This is a red flag. No legitimate broker charges withdrawal taxes. When I refused, they became aggressive and eventually stopped all communication. My entire investment is gone.
Pros: Professional looking website
Cons: No regulatory oversight|Money disappeared|Fake testimonials
Several red flags with Velocity Capital Advisor Inc: (1) They promise unrealistically high returns, (2) They're not registered with Financial Conduct Authority, (3) Their contact information is vague, (4) They pressure you to deposit quickly. I recommend everyone do thorough due diligence before investing with any company.
Cons: Flagged by Financial Conduct Authority|Cannot verify credentials
Their two-factor authentication was optional when I joined. I enabled it. Later I lost my phone and could not log in. Velocity Capital Advisor Inc recovery process took 3 weeks and required notarized documents. By then I had missed important trades. Their security is your inconvenience.
Pros: Detailed reporting|Segregated accounts|Educational resources|Fast deposits
Cons: Cannot customize dashboard fully|Onboarding videos are outdated
I requested my data from Velocity Capital Advisor Inc under GDPR. They sent a partial export that was missing months of transactions. When I asked for the rest they said it was a technical issue. Still waiting. They do not take data rights seriously.
Pros: Risk management tools|Instant funding|Portfolio tracking tools
Cons: Limited demo account features
Their execution during news is terrible. I had limit orders in place. When the news hit, my orders were not filled at the limit price - they were filled much worse. Velocity Capital Advisor Inc said it was market conditions. Same news, another broker filled me properly. They are not honest.
Pros: Quick verification|Fast support response|Two-factor authentication
Cons: Limited cryptocurrency options
I found Velocity Capital Advisor Inc from a review site like this one and the initial impression was positive. But for nearly two years later, I have encountered so many issues that I cannot recommend them. Trades failing, charts not loading, and support tickets going unanswered for days at a time.
Pros: Fast execution|Regular updates
Cons: Cannot customize dashboard fully|Nothing significant