Velotrade
DISQUALIFIEDLeans on “founded 2016, $2.5B+ processed” — but that record belongs to Velotrade’s original invoice-finance business, a different company and line of work; the prop product’s real launch date is not disclosed. Entity is Velotrade Re Limited, Hong Kong, with no financial regulator named.
Read plan by plan on 14 September: three products — CLASSIC 2-Step, CLASSIC 1-Step and PRO 1-Step — across six account sizes, all with a static floor set from the starting balance and breach tested on live equity. The /rules page is unusually complete for this industry and the contract agrees with it on the floor, the daily limit, the news freedom, the weekend freedom and the no-consistency rule. The gap is the payout: the banner sells “No ceiling on earnings” and the footer “Withdraw anytime”, while clause 5.4(f) caps the first two payouts at twenty times the fee and forbids partial withdrawals. The prop entity is Velotrade Re Limited, Hong Kong, incorporated November 2025 and unregulated by its own footer; no company number is published, and the FAQ claims a “live funded account” that the contract calls simulated.
Your account’s floor
The balance below which the firm closes the account. Each item with the firm’s own sentence. Read on the challenge: CLASSIC 2-Step.
- Maximum total loss · funded accountstated
- 10%
“CLASSIC 2-Step: 10% CLASSIC 1-Step: 7% PRO 1-Step: 3%”
read on 2026-09-14 · velotrade.com · saved copy - Maximum loss in one day · funded accountstated
- 5% · with your live balance
“1. Daily Loss. CLASSIC 2-Step: 5% of your balance at 00:30 UTC. CLASSIC 1-Step: 4%. PRO 1-Step: 3%. Resets every day at 00:30 UTC. Monitored against live equity, including open positions.”
read on 2026-09-14 · velotrade.com · saved copy - When the floor moves · funded accountstated
- it does not move
“Your Maximum Drawdown is a fixed dollar floor , calculated once on account activation from your initial balance. It never moves, whether you profit or lose. The same static model now applies to CLASSIC and PRO alike. The trailing High Water Mark model has been retired. ”
read on 2026-09-14 · velotrade.com · saved copy - What a payout does to itstated
- it does not change
“Your Maximum Drawdown is a fixed dollar floor , calculated once on account activation from your initial balance. It never moves, whether you profit or lose. The same static model now applies to CLASSIC and PRO alike. The trailing High Water Mark model has been retired.”
read on 2026-09-14 · velotrade.com · saved copy
Crossed one of the seven hard bars. Open the row and it names which one, with the mechanism spelled out. This is not a low grade — no quantity of virtue elsewhere buys it off, which is why it carries no rank at all.
Disqualified for
Trustpilot: fabricated-reviews warning
Trustpilot withholds the rating and serves a fabricated-reviews warning — a third party concluding the firm faked its own reviews. A low score is not this; every prop firm has angry traders. This is separate from having no legal entity: a firm can publish its registration number and still be caught doing it.
What they published
“2016 Founded in Hong Kong Velotrade Management Limited $2.5B+ Paid out worldwide Trade finance platform”“Velotrade Re Limited operates the multi-asset funded trading platform. Incorporated in Hong Kong (November 2025). Velotrade Management Limited continues our legacy fintech business (est. 2016).”Scorecard
12Static at both stages — the floor never moves
A named company, but no financial regulator anywhere — or a light-touch one only
A lifetime ceiling, or a rule that can block payment
Every page we read agreed with every other
Reviews suppressed for manipulation, or the firm is gone
Each axis is scored 0–5 against a published scale. The line under each bar is the rung this firm landed on — not our summary of it, the scale entry itself.
The score is published anyway, because it is the honest picture: a firm can be strong on four axes and still be disqualified on one mechanism. A disqualifier is not a low grade — it is a rule we will not trade under at any price.
Trustpilot
score withheld by Trustpilot — this is the figure it computes but will not show
Trustpilot removed reviews it found to be fake and withheld the rating. This is not a low score — it is a third party concluding the firm wrote its own praise.
We have not re-read this profile since. Trustpilot lifts these notices, so treat the warning above as what we saw on that date, not as the profile today.
What this firm published
Everything below is quoted from a page we opened, on the date shown. The quotes are in the firm’s own language, exactly as published — never edited, never shortened, never swapped for a translation. On the Spanish edition our own rendering appears underneath each one, unquoted and marked as ours: the quotation marks on this site mean the words are the firm’s, and nothing we wrote ever wears them. Where we have not read enough to put a number on an axis, we say so instead of guessing.
3/5
Can you even pass?
Almost nobody who pays for an evaluation ever reaches a funded account, so this is the part of the product most customers actually buy. Every firm advertises its profit target; none of them advertises that target next to how much you are allowed to lose while chasing it.
2/5
Can you keep the money?
The drawdown takes the account away; the payout rules take the money. Answered by whichever of the two we can measure and is worse — they are two ways of losing the same thing, so a good half cannot pay for a bad one.
2/5
Is anyone behind it?
A named company, a market, and rules you could read before paying. These three do not substitute for one another — a company you can sue does not stop existing because the account is a simulation — so this is the average of the ones we could measure, not the worst.
How hard the test is
Not the profit target on the sales page — that target measured against the room you are given to reach it.
How much you must win to survivefor every $1 you are allowed to lose, you must make $14.40/8
“Profit target 10% 5%”A profit target only means something next to the room you are given to reach it. Ten per cent to make against ten to lose is a coin flip sold as an exam.
Days you have to finishThey state there is none.no changewe did not read this stage3/3
“No time pressure Take as long as you need to pass.”A deadline turns a test of skill into a test of whether the market happened to move during your month.
Trading days you must put in5 daysno changeno change1.60/2
“All Velotrade challenge accounts require a minimum of 5 trading days before a phase can be passed. This applies to every phase of both the 1-Step and 2-Step evaluations, and to the funded phase.”“You must complete 5 qualifying days, each closing with realised profit of at least 0.8% of the starting balance, before your first payout.”Cuts both ways: it costs you time, and it also stops an account passing on one lucky afternoon you could never repeat.
A second attempt costsyou pay full price again0/2
“Yes. If you breach, you may purchase a new challenge and start fresh. There is no limit on how many times you can attempt a challenge, provided you remain in good standing with Velotrade (e.g. no fraud, no policy violations).”A free second attempt turns one bad week into a delay instead of another invoice.
Profit target10%5%we did not read this stage—
“Profit target 10% 5%”Maximum loss
The loss limit that closes your account. Does it sit still, or does it climb behind you as you win?
What makes the loss limit riseit does not move at allno changeno change3/3
“Your Maximum Drawdown is a fixed dollar floor , calculated once on account activation from your initial balance. It never moves, whether you profit or lose. The same static model now applies to CLASSIC and PRO alike. The trailing High Water Mark model has been retired.”A limit that climbs takes back the cushion you already earned.
What the limit is measured againstlive equity, open trades includedno changeno change1/2
“Both limits are checked against your current equity in realtime. Floating losses count.”Decides whether a trade that dips and recovers can close an account that ended the day green.
What taking a payout does to the limitnothing — the limit stays where it was2/2
“Your Maximum Drawdown is a fixed dollar floor , calculated once on account activation from your initial balance. It never moves, whether you profit or lose. The same static model now applies to CLASSIC and PRO alike. The trailing High Water Mark model has been retired.”Taking your money out should not leave you closer to losing the account.
Daily limit5%, measured on live equity, open trades includedno changeno change1.20/2
“1. Daily Loss. CLASSIC 2-Step: 5% of your balance at 00:30 UTC. CLASSIC 1-Step: 4%. PRO 1-Step: 3%. Resets every day at 00:30 UTC. Monitored against live equity, including open positions.”A generous percentage measured on live equity is not generous — it is the same number with a trapdoor under it.
Total loss allowed10%no changeno change1/1
“CLASSIC 2-Step: 10%
CLASSIC 1-Step: 7%
PRO 1-Step: 3%”How much room you have. Worth little, because almost every firm offers the same.
Where the limit stops risingNo such thing in this plan.—
“Your Maximum Drawdown is a fixed dollar floor , calculated once on account activation from your initial balance. It never moves, whether you profit or lose. The same static model now applies to CLASSIC and PRO alike. The trailing High Water Mark model has been retired.”The difference between a danger with an end date and one that never ends.
Withdrawing
How much can leave the account, how soon, how often — and whether they can say no.
Withdrawals before the account endsThey publish no ceiling.3/3
we read the page that should answer this and it does not
The cap per withdrawal times how many they allow is the real size of the account. One plan here is sold on a $200,000 banner and closes after five withdrawals of $2,100.
What else a payout changesThey do not say.0/3
we read the page that should answer this and it does not
The floor is not the only thing a withdrawal moves, and the rest of it is never on the same page. Position size, the consistency rule and the share you are paid all reset or shift at some firms, and a trader who checked only the drawdown finds out afterwards.
What breaking the consistency rule costsThey state there is none.no changeno change3/3
“Velotrade does not enforce a consistency rule.”Weighted by what it costs, not by existing: reading plan by plan, no consistency rule ever closed an account — they postponed the withdrawal.
Can it refuse without giving a reasonyes — it reserves that right in writing0/3
“We reserve sole discretion to determine what constitutes Prohibited Trading.”“We may decline for any reason” is not a rule, it is the absence of one — it makes every other number on this axis conditional on goodwill.
Days before you can ask for money14 days2/2
“The first Payout request may be made after 14 calendar days from the first trade on the Funded Account and after completing a number of qualifying trading days as specified on our website;”How long your money is theirs.
Does that cap rise with the accountThey do not say.0/2
we read the page that should answer this and it does not
Profit required before the first requestThey do not say.0/1
we read the page that should answer this and it does not
How much you have to make before you can touch anything.
Fee charged to pay youThey do not say.0/1
we read the page that should answer this and it does not
What they charge you to pay you.
Most one withdrawal can pay you
How you may trade
Can you trade the way you actually trade — around the news, over the weekend, at the size and speed you use?
Restriction around the newsThey state there is none.no changeno change—
“Velotrade permits news trading.”Mandatory stop-lossThey state there is none.no changeno change—
“No mandatory stop-loss per trade”Minimum time a trade must be heldThey do not say.no changeno change—
we read the page that should answer this and it does not
Forced close before the weekendThey state there is none.no changeno change—
“Velotrade permits traders to hold positions over the weekend.”Leverage1:50 → 1:5by instrument
no change1:30 → 1:3by instrument
—
by instrument
by instrument
“Challenge leverage: forex majors 50x, minors 30x and exotics 20x; BTC 10x; ETH and SOL 6x; mid-cap crypto 3x; remaining crypto 2x; index ETFs 6x; commodities 6x; and single stocks 5x. Funded leverage: forex majors 30x, minors 20x and exotics 10x; BTC, ETH and SOL 5x; mid-cap and remaining crypto 2x; index ETFs 5x; commodities 5x; and single stocks 3x.”Limit on position sizeThey state there is none.no changeno change—
“No max risk per trade Risk as much of your account as you want on a single position — your only sizing limit is the static drawdown. No forced max lot, no per-trade cap.”No score here, on purpose. The six axes above ask whether the firm can take your money or refuse to pay it. These rules ask something else — whether you can trade your way — and the right weight depends on who is reading: a minimum holding time decides the account for a scalper and is invisible to anyone else, while the weekend rule is the reverse. A single number would be wrong for half of you, and would look decided. The firm’s own sentences are here; the judgement is yours.
How it grows
What makes the account get bigger, how big it can get, and whether the path ends at a real market or at a larger simulation.
What makes the account growThey do not say.—
we read the page that should answer this and it does not
How large it can getThey do not say.—
we read the page that should answer this and it does not
Where the path endsat a larger simulation—
“All trading on the Trading Platform is simulated . You are not trading real money or financial instruments. The Trading Platform uses demo accounts that mirror real market conditions but do not involve live execution.”One of these questions is scored and it is not here. “Does the cap rise with the account” sits on the cash axis, next to the cap itself, because it has a right answer: a bigger account that pays the same cheque has handed you a larger number and the same money. The three below are different. A two-million ceiling is the whole point of the product for one reader and irrelevant to someone who wants one clean payout, so the firm’s sentences are here and the weight is yours.
How hard the test is
Not the profit target on the sales page — that target measured against the room you are given to reach it.
How much you must win to survivefor every $1 you are allowed to lose, you must make $1.42.40/8
“Profit target 10%”A profit target only means something next to the room you are given to reach it. Ten per cent to make against ten to lose is a coin flip sold as an exam.
Days you have to finishThey state there is none.we did not read this stage3/3
“No time pressure Take as long as you need to pass.”A deadline turns a test of skill into a test of whether the market happened to move during your month.
Trading days you must put in5 daysno change1.60/2
“All Velotrade challenge accounts require a minimum of 5 trading days before a phase can be passed. This applies to every phase of both the 1-Step and 2-Step evaluations, and to the funded phase.”“You must complete 5 qualifying days, each closing with realised profit of at least 0.8% of the starting balance, before your first payout.”Cuts both ways: it costs you time, and it also stops an account passing on one lucky afternoon you could never repeat.
A second attempt costsyou pay full price again0/2
“Yes. If you breach, you may purchase a new challenge and start fresh. There is no limit on how many times you can attempt a challenge, provided you remain in good standing with Velotrade (e.g. no fraud, no policy violations).”A free second attempt turns one bad week into a delay instead of another invoice.
Profit target10%we did not read this stage—
“Profit target 10%”Maximum loss
The loss limit that closes your account. Does it sit still, or does it climb behind you as you win?
What makes the loss limit riseit does not move at allno change3/3
“Your Maximum Drawdown is a fixed dollar floor , calculated once on account activation from your initial balance. It never moves, whether you profit or lose. The same static model now applies to CLASSIC and PRO alike. The trailing High Water Mark model has been retired.”A limit that climbs takes back the cushion you already earned.
What the limit is measured againstlive equity, open trades includedno change1/2
“Both limits are checked against your current equity in realtime. Floating losses count.”Decides whether a trade that dips and recovers can close an account that ended the day green.
What taking a payout does to the limitnothing — the limit stays where it was2/2
“Your Maximum Drawdown is a fixed dollar floor , calculated once on account activation from your initial balance. It never moves, whether you profit or lose. The same static model now applies to CLASSIC and PRO alike. The trailing High Water Mark model has been retired.”Taking your money out should not leave you closer to losing the account.
Daily limit4%, measured on live equity, open trades includedno change0.96/2
“1. Daily Loss. CLASSIC 2-Step: 5% of your balance at 00:30 UTC. CLASSIC 1-Step: 4%. PRO 1-Step: 3%. Resets every day at 00:30 UTC. Monitored against live equity, including open positions.”A generous percentage measured on live equity is not generous — it is the same number with a trapdoor under it.
Total loss allowed7%no change0.50/1
“CLASSIC 2-Step: 10%
CLASSIC 1-Step: 7%
PRO 1-Step: 3%”How much room you have. Worth little, because almost every firm offers the same.
Where the limit stops risingNo such thing in this plan.—
“Your Maximum Drawdown is a fixed dollar floor , calculated once on account activation from your initial balance. It never moves, whether you profit or lose. The same static model now applies to CLASSIC and PRO alike. The trailing High Water Mark model has been retired.”The difference between a danger with an end date and one that never ends.
Withdrawing
How much can leave the account, how soon, how often — and whether they can say no.
Withdrawals before the account endsThey publish no ceiling.3/3
we read the page that should answer this and it does not
The cap per withdrawal times how many they allow is the real size of the account. One plan here is sold on a $200,000 banner and closes after five withdrawals of $2,100.
What else a payout changesThey do not say.0/3
we read the page that should answer this and it does not
The floor is not the only thing a withdrawal moves, and the rest of it is never on the same page. Position size, the consistency rule and the share you are paid all reset or shift at some firms, and a trader who checked only the drawdown finds out afterwards.
What breaking the consistency rule costsThey state there is none.no changeno change3/3
“Velotrade does not enforce a consistency rule.”Weighted by what it costs, not by existing: reading plan by plan, no consistency rule ever closed an account — they postponed the withdrawal.
Can it refuse without giving a reasonyes — it reserves that right in writing0/3
“We reserve sole discretion to determine what constitutes Prohibited Trading.”“We may decline for any reason” is not a rule, it is the absence of one — it makes every other number on this axis conditional on goodwill.
Days before you can ask for money14 days2/2
“The first Payout request may be made after 14 calendar days from the first trade on the Funded Account and after completing a number of qualifying trading days as specified on our website;”How long your money is theirs.
Does that cap rise with the accountThey do not say.0/2
we read the page that should answer this and it does not
Profit required before the first requestThey do not say.0/1
we read the page that should answer this and it does not
How much you have to make before you can touch anything.
Fee charged to pay youThey do not say.0/1
we read the page that should answer this and it does not
What they charge you to pay you.
Most one withdrawal can pay you
How you may trade
Can you trade the way you actually trade — around the news, over the weekend, at the size and speed you use?
Restriction around the newsThey state there is none.no change—
“Velotrade permits news trading.”Mandatory stop-lossThey state there is none.no change—
“No mandatory stop-loss per trade”Minimum time a trade must be heldThey do not say.no change—
we read the page that should answer this and it does not
Forced close before the weekendThey state there is none.no change—
“Velotrade permits traders to hold positions over the weekend.”Leverage1:50 → 1:5by instrument
1:30 → 1:3by instrument
—
by instrument
by instrument
“Challenge leverage: forex majors 50x, minors 30x and exotics 20x; BTC 10x; ETH and SOL 6x; mid-cap crypto 3x; remaining crypto 2x; index ETFs 6x; commodities 6x; and single stocks 5x. Funded leverage: forex majors 30x, minors 20x and exotics 10x; BTC, ETH and SOL 5x; mid-cap and remaining crypto 2x; index ETFs 5x; commodities 5x; and single stocks 3x.”Limit on position sizeThey state there is none.no change—
“No max risk per trade Risk as much of your account as you want on a single position — your only sizing limit is the static drawdown. No forced max lot, no per-trade cap.”No score here, on purpose. The six axes above ask whether the firm can take your money or refuse to pay it. These rules ask something else — whether you can trade your way — and the right weight depends on who is reading: a minimum holding time decides the account for a scalper and is invisible to anyone else, while the weekend rule is the reverse. A single number would be wrong for half of you, and would look decided. The firm’s own sentences are here; the judgement is yours.
How it grows
What makes the account get bigger, how big it can get, and whether the path ends at a real market or at a larger simulation.
What makes the account growThey do not say.—
we read the page that should answer this and it does not
How large it can getThey do not say.—
we read the page that should answer this and it does not
Where the path endsat a larger simulation—
“All trading on the Trading Platform is simulated . You are not trading real money or financial instruments. The Trading Platform uses demo accounts that mirror real market conditions but do not involve live execution.”One of these questions is scored and it is not here. “Does the cap rise with the account” sits on the cash axis, next to the cap itself, because it has a right answer: a bigger account that pays the same cheque has handed you a larger number and the same money. The three below are different. A two-million ceiling is the whole point of the product for one reader and irrelevant to someone who wants one clean payout, so the firm’s sentences are here and the weight is yours.
How hard the test is
Not the profit target on the sales page — that target measured against the room you are given to reach it.
How much you must win to survivefor every $1 you are allowed to lose, you must make $3.30/8
“Profit target 10%”A profit target only means something next to the room you are given to reach it. Ten per cent to make against ten to lose is a coin flip sold as an exam.
Days you have to finishThey state there is none.we did not read this stage3/3
“No time pressure Take as long as you need to pass.”A deadline turns a test of skill into a test of whether the market happened to move during your month.
Trading days you must put in5 daysno change1.60/2
“All Velotrade challenge accounts require a minimum of 5 trading days before a phase can be passed. This applies to every phase of both the 1-Step and 2-Step evaluations, and to the funded phase.”“You must complete 5 qualifying days, each closing with realised profit of at least 0.8% of the starting balance, before your first payout.”Cuts both ways: it costs you time, and it also stops an account passing on one lucky afternoon you could never repeat.
A second attempt costsyou pay full price again0/2
“Yes. If you breach, you may purchase a new challenge and start fresh. There is no limit on how many times you can attempt a challenge, provided you remain in good standing with Velotrade (e.g. no fraud, no policy violations).”A free second attempt turns one bad week into a delay instead of another invoice.
Profit target10%we did not read this stage—
“Profit target 10%”Maximum loss
The loss limit that closes your account. Does it sit still, or does it climb behind you as you win?
What makes the loss limit riseit does not move at allno change3/3
“Your Maximum Drawdown is a fixed dollar floor , calculated once on account activation from your initial balance. It never moves, whether you profit or lose. The same static model now applies to CLASSIC and PRO alike. The trailing High Water Mark model has been retired.”A limit that climbs takes back the cushion you already earned.
What the limit is measured againstlive equity, open trades includedno change1/2
“Both limits are checked against your current equity in realtime. Floating losses count.”Decides whether a trade that dips and recovers can close an account that ended the day green.
What taking a payout does to the limitnothing — the limit stays where it was2/2
“Your Maximum Drawdown is a fixed dollar floor , calculated once on account activation from your initial balance. It never moves, whether you profit or lose. The same static model now applies to CLASSIC and PRO alike. The trailing High Water Mark model has been retired.”Taking your money out should not leave you closer to losing the account.
Daily limit3%, measured on live equity, open trades includedno change0.60/2
“1. Daily Loss. CLASSIC 2-Step: 5% of your balance at 00:30 UTC. CLASSIC 1-Step: 4%. PRO 1-Step: 3%. Resets every day at 00:30 UTC. Monitored against live equity, including open positions.”A generous percentage measured on live equity is not generous — it is the same number with a trapdoor under it.
Total loss allowed3%no change0/1
“CLASSIC 2-Step: 10%
CLASSIC 1-Step: 7%
PRO 1-Step: 3%”How much room you have. Worth little, because almost every firm offers the same.
Where the limit stops risingNo such thing in this plan.—
“Your Maximum Drawdown is a fixed dollar floor , calculated once on account activation from your initial balance. It never moves, whether you profit or lose. The same static model now applies to CLASSIC and PRO alike. The trailing High Water Mark model has been retired.”The difference between a danger with an end date and one that never ends.
Withdrawing
How much can leave the account, how soon, how often — and whether they can say no.
Withdrawals before the account endsThey publish no ceiling.3/3
we read the page that should answer this and it does not
The cap per withdrawal times how many they allow is the real size of the account. One plan here is sold on a $200,000 banner and closes after five withdrawals of $2,100.
What else a payout changesThey do not say.0/3
we read the page that should answer this and it does not
The floor is not the only thing a withdrawal moves, and the rest of it is never on the same page. Position size, the consistency rule and the share you are paid all reset or shift at some firms, and a trader who checked only the drawdown finds out afterwards.
What breaking the consistency rule costsThey state there is none.no changeno change3/3
“Velotrade does not enforce a consistency rule.”Weighted by what it costs, not by existing: reading plan by plan, no consistency rule ever closed an account — they postponed the withdrawal.
Can it refuse without giving a reasonyes — it reserves that right in writing0/3
“We reserve sole discretion to determine what constitutes Prohibited Trading.”“We may decline for any reason” is not a rule, it is the absence of one — it makes every other number on this axis conditional on goodwill.
Days before you can ask for money14 days2/2
“The first Payout request may be made after 14 calendar days from the first trade on the Funded Account and after completing a number of qualifying trading days as specified on our website;”How long your money is theirs.
Does that cap rise with the accountThey do not say.0/2
we read the page that should answer this and it does not
Profit required before the first requestThey do not say.0/1
we read the page that should answer this and it does not
How much you have to make before you can touch anything.
Fee charged to pay youThey do not say.0/1
we read the page that should answer this and it does not
What they charge you to pay you.
Most one withdrawal can pay you
How you may trade
Can you trade the way you actually trade — around the news, over the weekend, at the size and speed you use?
Restriction around the newsThey state there is none.no change—
“Velotrade permits news trading.”Mandatory stop-lossThey state there is none.no change—
“No mandatory stop-loss per trade”Minimum time a trade must be heldThey do not say.no change—
we read the page that should answer this and it does not
Forced close before the weekendThey state there is none.no change—
“Velotrade permits traders to hold positions over the weekend.”Leverage1:50 → 1:5by instrument
1:30 → 1:3by instrument
—
by instrument
by instrument
“Challenge leverage: forex majors 50x, minors 30x and exotics 20x; BTC 10x; ETH and SOL 6x; mid-cap crypto 3x; remaining crypto 2x; index ETFs 6x; commodities 6x; and single stocks 5x. Funded leverage: forex majors 30x, minors 20x and exotics 10x; BTC, ETH and SOL 5x; mid-cap and remaining crypto 2x; index ETFs 5x; commodities 5x; and single stocks 3x.”Limit on position sizeThey state there is none.no change—
“No max risk per trade Risk as much of your account as you want on a single position — your only sizing limit is the static drawdown. No forced max lot, no per-trade cap.”No score here, on purpose. The six axes above ask whether the firm can take your money or refuse to pay it. These rules ask something else — whether you can trade your way — and the right weight depends on who is reading: a minimum holding time decides the account for a scalper and is invisible to anyone else, while the weekend rule is the reverse. A single number would be wrong for half of you, and would look decided. The firm’s own sentences are here; the judgement is yours.
How it grows
What makes the account get bigger, how big it can get, and whether the path ends at a real market or at a larger simulation.
What makes the account growThey do not say.—
we read the page that should answer this and it does not
How large it can getThey do not say.—
we read the page that should answer this and it does not
Where the path endsat a larger simulation—
“All trading on the Trading Platform is simulated . You are not trading real money or financial instruments. The Trading Platform uses demo accounts that mirror real market conditions but do not involve live execution.”One of these questions is scored and it is not here. “Does the cap rise with the account” sits on the cash axis, next to the cap itself, because it has a right answer: a bigger account that pays the same cheque has handed you a larger number and the same money. The three below are different. A two-million ceiling is the whole point of the product for one reader and irrelevant to someone who wants one clean payout, so the firm’s sentences are here and the weight is yours.
The rules in writing
Could you read the rule before paying, and can they change it afterwards?
Where the rule that binds you is publishedin the document its own contract points at4/4
“These Terms should be read together with our Rules, FAQs, and Risk Disclosures, published on the Velotrade website, which form part of the contractual agreement between you and Velotrade. In the event of any conflict or discrepancy between these Terms and the Rules, FAQs, or Risk Disclosures, these Terms shall prevail.”If the rule that binds you lives in a help article your contract never mentions, you did not sign it.
Can it change the rules without noticeyes, and it says so0.60/3
“We reserve the right to amend these Terms at any time. Material changes will be notified via the website or email.”The clause that makes every dated verdict perishable, including ours. Near-universal, so not fatal.
Is the binding document datedyes2/2
“Last Updated: 1 July 2026”Without a date you cannot tell whether the rule you read is the rule they apply.
Two official pages that disagree
the payout terms · costs money
“Add the 90% split addon on any plan. No ceiling on earnings — payout is based on performance.”“The first and second Payouts are subject to a cap of twenty (20) times the Fee paid for the applicable Challenge (the "Payout Cap"). Any balance exceeding the Payout Cap is forfeited.”the payout terms · costs money
“Instant payouts Withdraw anytime”“All Payouts are full withdrawals. The Trader must withdraw the entire available balance of the Funded Account when requesting a Payout. Partial withdrawals are not permitted.”whether the account reaches a real market · costs credibility
“You pass a paid evaluation challenge, prove you can manage risk, and the firm allocates you a live funded account.”“All trading on the Trading Platform is simulated . You are not trading real money or financial instruments. The Trading Platform uses demo accounts that mirror real market conditions but do not involve live execution.”The company behind it
If it goes wrong, which company do you claim against, and under whose laws?
The company you contract withVelotrade Re Limitedno changeno change4/4
“These Terms and Conditions (" Terms ") govern your access to and use of the website, applications, and services (collectively, the " Services ") provided by Velotrade Re Limited (" Velotrade ", " we ", " us ", or " our "), a company incorporated in Hong Kong.”With no named company there is nobody to sue.
Where it is registeredHong Kongno changeno change1/2
“These Terms and Conditions (" Terms ") govern your access to and use of the website, applications, and services (collectively, the " Services ") provided by Velotrade Re Limited (" Velotrade ", " we ", " us ", or " our "), a company incorporated in Hong Kong.”A claim in the Czech Republic and a claim in St Vincent are not the same claim.
Its registration numberThey do not say.no changeno change0/2
we read the page that should answer this and it does not
What turns a name into something checkable in a public register.
That company owns the brandyes2/2
“The simulated trading services featured on velotrade.com are offered solely by Velotrade Re Limited.”Signing with a company other than the brand’s owner separates who sold to you from who answers to you.
The people behind it are namedyes2/2
“Meet the founders Built by traders with decades on institutional desks. Gianluca Pizzituti Chief Executive Officer”Named people can be looked up. A company on its own cannot always be.
Almost no firm here has a financial regulator, because selling simulated evaluations is not a regulated activity anywhere. Of the 114 firms we scored by hand, 96 sat in the bottom two rungs of backing for this reason. So we do not count it against anyone — it only adds when a firm genuinely has one.
The market
Do your orders reach a market, or is all of it a simulation?
What the funded account issimulated, with no route to real capital0/4
“All trading on the Trading Platform is simulated . You are not trading real money or financial instruments. The Trading Platform uses demo accounts that mirror real market conditions but do not involve live execution.”The question that separates a firm that earns when you lose from one that earns when you last.
Conditions to reach a real marketNo such thing in this plan.—
“All trading on the Trading Platform is simulated . You are not trading real money or financial instruments. The Trading Platform uses demo accounts that mirror real market conditions but do not involve live execution.”Promising a route to a real market without publishing the conditions is promising nothing.
Almost none names a broker or a clearing house either, and that follows from the account being a simulation rather than being a second, separate failing. Charging for both would count one fact twice.
We read the rules of every plan it sells and issued a verdict on each one.