Velo Trade Rules

Velo Trade's plans state a maximum drawdown of 3% to 10% of the account size (drawdown type: static), across 16 plans. Its pages state no consistency rule applies (no consistency rule). News trading is conditional: permitted on all instruments and through scheduled releases; the terms prohibit trading news in a manner designed to exploit platform limitations, and single stocks must be closed 24 hours before earnings.

Velo Trade's plans state a maximum drawdown of 3% to 10% of the account size (drawdown type: static), across 16 plans.

A daily loss limit of 3% to 5% is stated on 16 of 16 plans; where a plan shows a dash, no daily figure is recorded for it.

Dollar amounts are the published percentage applied to the account size.

In Velo Trade's words

Plan figures: “$ 200,000 | $ 1114 | PRO 1-Step |” velotrade.com/…/velotrade

A consistency rule caps how much of your total profit a single trading day may account for. Here is what Velo Trade states.

In Velo Trade's words

Consistency rule: “Velotrade has no consistency rule.” velotrade.com/…/challenges

In Velo Trade's words

Minimum trading days: “A trading day counts only if you close it with realised profit of 0.8% or more of the starting account balance.” velotrade.com/…/faq

Time limit: “There is no time limit.” velotrade.com/…/faq

In Velo Trade's words

News trading: “News trading is fully permitted at Velotrade.” velotrade.com/…/faq

Expert advisors and automated trading: “Private, exclusive, invitation only or selectively restricted services are not permitted, and neither are signals created specifically for you or your account.” velotrade.com/…/faq

Copy trading: “Copy trading is permitted only between accounts you personally own.” velotrade.com/…/faq

Hedging: “Hedging on the same account allowed” velotrade.com/…/how-it-works

Martingale and grid strategies: “Martingale and other high-risk position-doubling strategies are prohibited.” velotrade.com/…/faq

High-frequency and latency arbitrage: “High-frequency trading strategies that exploit latency or place excessive orders are prohibited.” velotrade.com/…/faq

In Velo Trade's words

Weekend holding: “Single stock instruments may carry tighter holding rules than other instruments, including reduced size, no weekend holds, or required closure outside market hours.” velotrade.com/…/faq

Overnight holding: “Overnight and weekend holding is allowed on all FX pairs.” velotrade.com/…/faq

Trading hours: “The market opens on Sunday at 21:05 UTC and closes on Friday at 20:55 UTC.” velotrade.com/…/faq

In Velo Trade's words

Maximum number of accounts: “Under your single Account you may hold more than one Challenge or Funded Account at the same time, provided the combined funded capital does not exceed USD 200,000.” velotrade.com/…/terms

Account sharing: “Failure to respond, or evidence that the account is being run by a third party or as part of a coordinated group, will result in the account being closed.” velotrade.com/…/faq

Inactivity: “Accounts must record at least one valid trade every 30 calendar days” velotrade.com/…/rules

Resets: “Challenges cannot be reset. If you fail, you may purchase a new challenge.” velotrade.com/…/faq

These were not stated on the pages of Velo Trade's site we read. They may be published somewhere we did not look, which makes them the questions to put to its support desk before paying.