LC
Max. allocation$300K
Forex and CFD
Velotrade Review
Velotrade is a multi asset prop firm run by Velotrade Re Limited in Hong Kong, a company incorporated in November 2025 whose funded trading platform launched in March 2026. It sells 1 Step and 2 Step challenges from $40, traded on DXtrade.
Markets
Platforms
-
DXtrade
- Programs across 1 Step and 2 Step
- 3
- Cheapest challenge
- $40
- Max. allocation
- $200K
- Daily loss limit
- 3% to 5%
Programs and Prices
3 programs, with the price at every account size.
1 Step Evaluation
2 programs, 5K to 200K| Program | 5K | 10K | 25K | 50K | 100K | 200K | Trade |
|---|---|---|---|---|---|---|---|
| PRO 80% (90% with add on) split, 10% target, 3% daily loss, 3% static max loss | $40 | $74 | $165 | $305 | $558 | $1,114 | Trade now |
| CLASSIC 80% (90% with add on) split, 10% target, 4% daily loss, 7% static max loss | $67 | $127 | $290 | $543 | $1,075 | Not offered | Trade now |
Rules at a Glance
Loss limits are a share of the starting balance. Breaking either limit ends the account.
| Program | Type | Account sizes | Profit split | Profit target | Daily loss limit | Max loss limit | From |
|---|---|---|---|---|---|---|---|
| PRO | 1 Step | 5K to 200K | 80% (90% with add on) | 10% | 3% | 3% static | $40 |
| CLASSIC | 1 Step | 5K to 100K | 80% (90% with add on) | 10% | 4% | 7% static | $67 |
| CLASSIC | 2 Step | 5K to 100K | 80% (90% with add on) | 10% Phase 1, 5% Phase 2 | 5% | 10% static | $54 |
Velotrade rules in full
Max DD Type
Static on every plan, measured from the starting balance, and it does not rise with profit (terms clause 8.1(c)): 10% on CLASSIC 2-Step, 7% on CLASSIC 1-Step and 3% on PRO 1-Step. On PRO the daily and maximum limits are both 3%, so one bad day can end the account.
Daily DD Type
5% on CLASSIC 2-Step, 4% on CLASSIC 1-Step and 3% on PRO 1-Step, measured on equity, so floating losses count. The reset time is not published on the rules page.
Consistency Rule
None. There is no limit on how much of the profit can come from one day.
Minimum Trading Days
Five qualifying days in each evaluation phase and five more before the first funded payout. A day qualifies only if it closes with realised profit of at least 0.8% of the starting balance, so five qualifying days alone add up to at least 4%. The days do not have to be consecutive.
Time Limit
None. Accounts must record at least one trade held for 60 seconds or more every 30 calendar days, or they are deactivated.
Leverage
The same on CLASSIC and PRO, challenge then funded: forex majors 50x then 30x, minors 30x then 20x, exotics 20x then 10x, Bitcoin 10x then 5x, Ethereum and Solana 6x then 5x, mid cap crypto 3x then 2x, other crypto 2x, index ETFs and commodities 6x then 5x, single stocks 5x then 3x.
News Trading
Allowed before, during and after scheduled news, within the normal loss limits.
Holding Restrictions
Overnight and weekend holding allowed on supported markets; crypto trades 24/7 and forex from Sunday 21:05 to Friday 20:55 UTC. An overnight charge of 0.05% of notional applies every night on every market (three times on Wednesday for forex), so long holds get expensive. Single stock positions may have to be closed around earnings, ex dividend dates and corporate actions. No maximum risk per trade, but the terms ban positions excessively large for the account without risk management.
EAs/Copy
EAs, bots, algorithmic strategies and full REST and WebSocket API access are allowed on every account at no extra cost. Hedging within one account is allowed. Banned: copy trading with other traders, hedging across accounts, replicating trades between accounts (terms clause 8.2(h)), latency arbitrage, tick scalping, abusive high frequency trading, grid and martingale strategies.
Commissions
Per side, as a share of notional: 0.03% on crypto, stocks and indices, 0.01% on commodities and 0.004% on forex.
Fees
One time fee per challenge, not refundable once the platform has been accessed or a trade placed. The 90% split is a paid add on (reported at 20% of the challenge fee). Code SELECTPROP takes 25% off every challenge.
Scaling rules
Scaling Plan
No scaling plan is published. Funded capital is capped at $200,000 in total per trader.
Velotrade review
Velotrade is a multi asset prop firm run by Velotrade Re Limited in Hong Kong, a company incorporated in November 2025 whose funded trading platform launched in March 2026. It is led by Gianluca Pizzituti and Vittorio De Angelis, former institutional traders who in 2016 founded the original Velotrade, a separate Hong Kong invoice finance business. Traders get simulated DXtrade accounts with API access and more than 230 instruments: crypto, single stocks, indices and commodities 24/7, and forex five days a week. There are three challenges, all with static drawdown and no time limit: CLASSIC 2-Step (10% and 5% targets, 5% daily, 10% maximum), CLASSIC 1-Step (10% target, 4% daily, 7% maximum) and PRO 1-Step (10% target, 3% daily, 3% maximum), from $5,000 to $200,000 for $40 to $1,114. The split is 80%, or 90% with an add on, paid weekly in USDC or USDT on Arbitrum. Read the warnings first: Trustpilot has withheld the firm's rating over a guideline breach and removed fake reviews, the first two payouts are capped at 20 times the fee, and the payout record is only months old. Code SELECTPROP takes 25% off.
Suits
Crypto and multi asset traders, including bot and API users, who want 24/7 markets on one account with static drawdown, no consistency rule and on chain payouts.
Less suited to
You want a firm with years of payout history and independent review scores, plan to swing trade for weeks, or need a large first payout.
Pros
- Crypto, stocks, indices and commodities 24/7 on one DXtrade account, plus forex.
- Static maximum drawdown on every plan, no consistency rule and no time limit.
- Full REST and WebSocket API, EAs and bots included at no extra cost.
- Payouts in USDC or USDT within 24 hours of approval, with transaction hashes on Arbiscan.
- News trading and weekend holding allowed.
- Founders with institutional trading careers in London and Hong Kong.
Cons
- Warning: Trustpilot has withheld the rating over a guideline breach and removed fake reviews.
- Prop platform launched in March 2026, so the payout record is short; the 2016 history belongs to a separate invoice finance business.
- First two payouts capped at 20 times the fee, with the excess forfeited.
- Each qualifying day needs 0.8% realised profit, five per phase.
- 0.05% overnight charge every night on every market.
- PRO 1-Step allows only 3% maximum loss.
Verdict
Velotrade brings something different to the market. Crypto, single stocks, indices and commodities trade around the clock on one DXtrade account, with forex five days a week, and full API access is included for traders who run bots. Every plan has a static drawdown that never trails, there is no consistency rule, no maximum risk per trade and no time limit, and news trading and weekend holding are allowed. The CLASSIC 2-Step is the pick of the range: a 10% static drawdown and 5% daily limit from $54 for $5K or $769 for $100K.
Payouts are a genuine strength on paper. They are paid in USDC or USDT on Arbitrum within 24 hours of approval, and each completed payout is listed with a transaction hash anyone can check on Arbiscan. The leadership team has real institutional backgrounds at JP Morgan, Dresdner Kleinwort and Bank of America.
There are clear reasons for caution. Trustpilot has withheld Velotrade's rating for a breach of its guidelines and says it removed fake reviews. The prop business only launched in March 2026; the 2016 date and the $2.5 billion figure on the homepage belong to the founders' earlier invoice finance company. On chain records show a payout was sent, not that the wallets belong to independent traders or that no payout was refused. The terms let the firm withhold payouts on a suspected breach and say a funded account is not guaranteed even after passing.
The rules also need care. Each qualifying day must close with at least 0.8% realised profit, five times per phase. The first two payouts are capped at 20 times the fee, with the excess forfeited. An overnight charge of 0.05% of notional every night makes long holds costly, and PRO's 3% maximum loss leaves little room.
Velotrade suits crypto and multi asset traders, especially algorithmic ones, who want 24/7 markets, static drawdown and on chain payouts, and who are comfortable starting small with a young firm.
Trader Reviews
What members who bought a Velotrade challenge say about it. Our own review above is separate, and these never change our rating.
No reviews of Velotrade yet
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Velotrade gets a trader rating once it has 3 reviews.
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Discussions
Threads in our forums about Velotrade, newest first. Members' posts, not our view.
No threads about Velotrade yetAsk other traders about Velotrade, or share how your challenge or payout went. Threads tagged with Velotrade show up here.
Start a threadPayouts
Profit Split
80% as standard, or 90% with the paid add on.
Min. Payout
$100.
Frequency
Weekly after the first payout. Processed within 24 hours once approved.
First Payout
14 calendar days after the first funded trade, once five qualifying days (each at least 0.8% realised profit) are met. The first and second payouts are each capped at 20 times the challenge fee, and any profit above the cap is forfeited; there is no cap from the third payout. Every withdrawal takes the full available balance. The terms say a funded account is not guaranteed whatever the evaluation result, and payouts can be withheld or declined on a suspected breach.
Payout Methods
USDC or USDT on the Arbitrum network, with the network fee deducted. Completed payouts are listed with transaction hashes on velotrade.com/payouts and can be checked on Arbiscan.
Firm Details
- Country
- HK
- Platforms
- DXtrade
- Markets
- Crypto, FX, Stocks, Indices, Metals, Energy, Other Commodities
- Payout methods
- Crypto (USDC, USDT on Arbitrum)
Questions about Velotrade
Is Velotrade legit?
Velotrade is run by Velotrade Re Limited, incorporated in Hong Kong on 17 November 2025, with its funded trading platform launched on 13 March 2026. It is led by Gianluca Pizzituti and Vittorio De Angelis, who founded the original Velotrade invoice finance business in 2016; that business, not the prop firm, is the source of the 2016 date and $2.5 billion figure on the homepage. Trustpilot shows no rating for velotrade.com: on 9 November 2026 its page said the rating was unavailable because of a breach of its guidelines, and that it had removed fake reviews of the company. Eight reviews were visible. Completed payouts are published with Arbitrum transaction hashes. Accounts are simulated and the firm is not regulated, as with most prop firms.
How much does a Velotrade challenge cost?
List prices are one time fees. CLASSIC 2-Step: $54, $100, $225, $419 and $769 for $5K to $100K. CLASSIC 1-Step: $67, $127, $290, $543 and $1,075. PRO 1-Step: $40, $74, $165, $305, $558 and $1,114 for $5K to $200K. Code SELECTPROP takes 25% off every challenge. Fees are not refundable once you access the platform.
What are the Velotrade drawdown rules?
Drawdown is static on every plan, measured from the starting balance: 10% on CLASSIC 2-Step, 7% on CLASSIC 1-Step and 3% on PRO 1-Step. Daily loss limits are 5%, 4% and 3%, measured on equity, so floating losses count.
How do Velotrade payouts work?
The split is 80%, or 90% with a paid add on. The first payout opens 14 calendar days after the first funded trade, once five qualifying days of at least 0.8% realised profit are met, then weekly. The minimum is $100, each payout withdraws the full balance, and it is paid in USDC or USDT on Arbitrum within 24 hours of approval. The first and second payouts are capped at 20 times the challenge fee and profit above the cap is forfeited.
What markets and platform does Velotrade offer?
DXtrade, with REST and WebSocket API access on every account. On 9 November 2026 it listed 234 instruments: 104 crypto, 77 single stocks, 39 forex pairs, 7 indices and 7 commodities. Crypto trades 24/7 and forex from Sunday 21:05 to Friday 20:55 UTC; the site is inconsistent on whether stocks and indices trade 24/7 or in exchange hours.
Which countries can't use Velotrade?
The terms exclude North Korea, Iran, Syria, Cuba, Crimea, Donetsk and Luhansk, and any other sanctioned jurisdiction.
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