Prop-firm fees are at risk, most participants do not reach a payout, and simulated funding does not necessarily represent live firm capital. This review is informational, not financial advice.
Velotrade Overview
Velotrade Screenshots
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Velotrade Pros and Cons
Pros
- All 60 payout certificates match the chain
- $40 entry, PRO cheapest at every size
- No time limit on any evaluation phase
- EAs and API allowed with no fee or approval
- Verified 20% code covers plans and add-on
Cons
- Terms keep trailing or static, as applicable
- First two payouts cap at 20x fee, excess lost
- A trading day needs 0.8% realized profit
- 90% split is a paid add-on over 80% default
- Funded drawdown limits are unpublished
Velotrade Discount Code
AIRCON20 takes 20% off every challenge at every size, and it also discounts the 90% split add-on. On the cheapest entry the $40 PRO $5K falls to $32. With the add-on, the $48 basket falls to $38.40. We tested AIRCON20 in Velotrade’s checkout on 19 August 2026. It applied, and a made-up code was rejected. The banner sells it as “Limited time only” while the firm’s coupon settings set no end date. The FAQ states that discount codes cannot be applied on purchases arriving through a referral link, so confirm the final figure on the checkout summary before paying. A discount never moves a score.
| Code | Discount | Applies to | Verified | Expires |
|---|---|---|---|---|
| AIRCON20 | 20% | Every challenge type, every size $5K to $200K, and the 90% split add-on | 19 August 2026, in the checkout | No end date in the firm’s coupon settings |
How Velotrade Works
Velotrade sells three challenge families on one platform, and PRO 1-Step is the tightest one-step evaluation it sells, at a 3% drawdown against CLASSIC 1-Step’s 7%. CLASSIC 1-Step runs one phase at that wider 7% floor, and CLASSIC 2-Step runs two phases at 10%. Every family targets 10% in its first phase and has no time limit. Each also requires 5 qualifying days per phase, and there is no instant funding, since the FAQ states every trader passes an evaluation first.
PRO is the cheapest route at every size and the only family reaching $200,000, which makes the pricing order unusual for this category. Between the CLASSIC families, the 1-Step costs more than the 2-Step at every size, $67 against $54 at $5,000 and $1,075 against $769 at $100,000. Most of this category sells the shorter route cheaper. Velotrade sells it as the premium product, and a buyer picking 1-Step for speed pays roughly 24% to 40% more than the two-phase route at the same size.
After a pass, KYC runs through a partner before a funded account is issued, requiring government photo ID plus proof of address dated within three months. The Terms add a clause worth knowing before purchase, stating that an offer of a funded account “is not guaranteed, regardless of Evaluation performance,” and that the offer lapses if not accepted within 30 days. A free route also exists in Sprint Trading, a five-minute BTC prediction game whose leaderboard winners receive challenge accounts. The FAQ states the profit split and payout cap on free or awarded challenges are “limited” and directs winners to a sales representative. Those limits are not disclosed.
PRO 1-Step
| Phase | Profit target | Daily loss | Maximum drawdown | Minimum days | Time limit | Consistency rule |
|---|---|---|---|---|---|---|
| EvaluationNote 1 | 10% | 3% | 3% | 5 | None | None |
- A trading day counts only if it closes with realized profit of 0.8% or more of the initial balance, so five qualifying days is a profit floor rather than an activity count. The rulebook of 12 June 2026 calls the drawdown static and says the trailing model is retired, while Terms clause 8.1(c) of 1 July 2026 keeps "trailing or static, as applicable" and clause 1 makes the Terms prevail. The checkout names no drawdown type on any product.
No scaling plan. The FAQ states there is no time-based scaling and the full split applies from the first payout. Combined funded capital across all accounts is capped at $200,000.
CLASSIC 1-Step
| Phase | Profit target | Daily loss | Maximum drawdown | Minimum days | Time limit | Consistency rule |
|---|---|---|---|---|---|---|
| EvaluationNote 1 | 10% | 4% | 7% | 5 | None | None |
- A trading day counts only if it closes with realized profit of 0.8% or more of the initial balance, so five qualifying days is a profit floor rather than an activity count. The rulebook of 12 June 2026 calls the drawdown static and says the trailing model is retired, while Terms clause 8.1(c) of 1 July 2026 keeps "trailing or static, as applicable" and clause 1 makes the Terms prevail. The checkout names no drawdown type on any product.
No scaling plan. The FAQ states there is no time-based scaling and the full split applies from the first payout. Combined funded capital across all accounts is capped at $200,000.
CLASSIC 2-Step
| Phase | Profit target | Daily loss | Maximum drawdown | Minimum days | Time limit | Consistency rule |
|---|---|---|---|---|---|---|
| Phase 1Note 1 | 10% | 5% | 10% | 5 | None | None |
| Phase 2Note 2 | 5% | 5% | 10% | 5 | None | None |
- A trading day counts only if it closes with realized profit of 0.8% or more of the initial balance, so five qualifying days is a profit floor rather than an activity count. The rulebook of 12 June 2026 calls the drawdown static and says the trailing model is retired, while Terms clause 8.1(c) of 1 July 2026 keeps "trailing or static, as applicable" and clause 1 makes the Terms prevail. The checkout names no drawdown type on any product.
- Phase 2 keeps the 10% floor but measures it from the phase 2 starting balance rather than the original deposit. A trading day counts only if it closes with realized profit of 0.8% or more of the initial balance, so five qualifying days is a profit floor rather than an activity count. The rulebook of 12 June 2026 calls the drawdown static and says the trailing model is retired, while Terms clause 8.1(c) of 1 July 2026 keeps "trailing or static, as applicable" and clause 1 makes the Terms prevail. The checkout names no drawdown type on any product.
No scaling plan. The FAQ states there is no time-based scaling and the full split applies from the first payout. Combined funded capital across all accounts is capped at $200,000.
Every drawdown type in that table is the rulebook’s. The checkout names no type on any product at any size, and the Terms that prevail over the rulebook read “trailing or static, as applicable”.
Velotrade Rules and Restrictions
CLASSIC 2-Step $100,000: where the floor sits
Velotrade’s own documents contradict one another on drawdown.
The Drawdown Explained
The marketing on the challenges pages promises the model in absolute terms and reads “Static drawdown. Always. Your drawdown floor is fixed from your starting balance and never moves — not intraday, not end-of-day, not ever.” The rulebook effective 12 June 2026 agrees and goes further, stating “The same static model now applies to CLASSIC and PRO alike. The trailing High Water Mark model has been retired.” Under that model, a $100,000 CLASSIC 2-Step account sets its floor once at $90,000 and the floor stays there however high equity runs. A $5,000 PRO account sets it at $4,850.
The Terms and Conditions, last updated 1 July 2026, describe the same limit differently. Clause 8.1(c) requires compliance with “Maximum drawdown limits (trailing or static, as applicable)”. Clause 1 then settles which of the two documents governs the account, reading “In the event of any conflict or discrepancy between these Terms and the Rules, FAQs, or Risk Disclosures, these Terms shall prevail.” The contract a buyer accepts preserves a trailing option three weeks after the rulebook retired it, and it outranks the rulebook by its own words.
Two more Velotrade documents bear on this, and both describe the trailing model. A Wayback capture of 11 June 2026, the day before the rulebook changed, shows the site’s own FAQ describing CLASSIC accounts on EOD trailing drawdown, so the trailing model was still live nine weeks before the 15 August 2026 check. And Velotrade’s own blog review of itself, bylined by its Executive Chairman, dated 9 March 2026 and still live unmarked as superseded, states today that “CLASSIC challenges use EOD trailing drawdown (HWM at day close only).”
The signed-in checkout does not clear this up. It prints “Max Drawdown: 3%” as a bare percentage and never tells a buyer whether the limit is static or trailing, on any product at any size.
We found no case of a trader being held to a trailing floor. Even so, the Terms still do not guarantee the static limit the marketing promises. Among the firms we score, every comparable drawdown failure is a matter of how the firm presents the rule, on a checkout label or a rules page out of step with the product. Velotrade’s is written into clause 8.1(c) of the Terms.
Rulebook figures. The checkout names no drawdown type on any product.
The Funded Account Gap
No current Velotrade page gives a separate table of funded limits. The rulebook gives one set of limits and never separates the funded stage from the evaluation, and the checkout shows the challenge limits only, with the 80% split its single funded-stage figure. The only funded numbers on any Velotrade page appear in that same blog review, which gives a funded CLASSIC 1-Step a 5% daily and 10% overall limit and describes the overall limit as trailing. That post’s evaluation figures match the live checkout exactly, which raises the credibility of its funded figures without settling them.
Consistency Rule: Five Qualifying Days
Every phase requires five qualifying days, and the rulebook defines the term strictly. “A trading day only counts if it closes with a net profit of 0.8% or more of the initial account balance.” Opening a trade does not count. Holding a trade across three days counts zero. Hitting the 10% target in two big days does not pass the phase, and trading continues until five separate days each close 0.8% or better. The count then resets to zero on the funded account and must be met again before the first payout. On a $5,000 PRO account, with a $150 daily loss limit and a $150 total drawdown buffer, each qualifying day requires at least $40 of realized profit. The challenges FAQ describes this as “no minimum trading days requirement beyond 5 qualifying days”, which reads as an activity count. The 0.8% condition appears only on the rules page and in one FAQ answer, and no marketing page mentions it.
News and Weekend Trading
News trading is permitted on all instruments and events, with a discretionary clause behind it, since the Terms prohibit “news trading abuse” defined as trading designed to exploit platform limitations. Weekend and overnight holding are permitted on every instrument, and overnight holding is charged at 0.05% of position value per night on every asset class. Non-forex positions pay it every night including weekends. Forex positions pay it through the 21:00 UTC rollover on five nights a week, with no weekend charge and Wednesday at triple the rate, 0.15%. Crypto and stocks trade 24/7, as do indices and commodities, while forex runs 24 hours five days a week.
Prohibited Strategies
Velotrade bans the tactics most prop firms prohibit, covering grid trading, arbitrage, tick scalping, HFT, latency plays, coordinated multi-account trading, martingale, averaging down, account rolling, the exploitation of platform errors and the use of external or delayed data feeds. Hedging within one account is allowed and hedging across accounts or firms is a breach. EAs are permitted at no fee, with no approval process, and that includes third-party commercial ones. Private or group-shared bots and signal feeds are banned, and API access is REST and WebSocket on every account at no charge.
Copy trading gets three different answers on three separate Velotrade documents. The rulebook says “Copy trading is not permitted at Velotrade,” with immediate closure and no warnings. The FAQ permits it only between accounts you personally own. The blog review calls it “Permitted under standard conditions.” With three unreconciled answers on the record, a trader should treat copy trading as banned until Velotrade says otherwise in writing. The Terms also reserve discretion broadly. They prohibit any strategy “that could harm Velotrade financially or reputationally” and give the firm “sole discretion” to define prohibited trading, and payouts can be withheld on suspected breach. Clauses like these are standard across the category.
Sanctions and Checkout Access
The only enumerated list on the site appears in Schedule 1 of the Terms, which names “North Korea, Iran, Syria, Cuba, Crimea, Donetsk, Luhansk, and any other jurisdiction designated under applicable sanctions laws”. Clause 3.3 adds anyone on the major sanctions lists. The FAQ says a current list of restricted countries “is available on our website”, and no such separate list exists. The checkout’s country menu offers all 249 ISO territories and blocks none of the ones Schedule 1 names. Nothing pre-purchase stops a restricted-territory buyer from paying a non-refundable fee.
| Rule | Limit | Consequence | Applies To |
|---|---|---|---|
| Maximum daily loss | 3% | PRO 3%, CLASSIC 1-Step 4%, CLASSIC 2-Step 5%. Reset at 00:30 UTC on that moment’s balance and measured on equity including floating losses. Hard breach: positions closed, account permanently disabled, no refund. | All Stages |
| Maximum drawdown | 3% | PRO 3%, CLASSIC 1-Step 7%, CLASSIC 2-Step 10% of the initial balance. Hard breach, permanent, and pending payouts are forfeited on a funded account. The rulebook calls it static while the Terms keep trailing or static, as applicable. | All Stages |
| Minimum trading days | 5 trading days | A day counts only if it closes with realized profit of 0.8% or more of the initial balance. Phase not passed, or first payout not released. The count resets to zero at funding. | All Stages |
| Inactivity | 30 calendar days | At least one trade held 60 seconds or more every 30 calendar days. Auto-deactivation, and a hard breach after 6 months without a reactivation request. | All Stages |
| First and second payout cap | 20 multiples of the challenge fee paid | Terms 5.4(f) caps the first and second payouts at twenty times the fee paid for the challenge. Any balance above the cap is forfeited. From the third payout no cap applies. | Funded |
| Combined funded capital | $200,000 | Combined funded capital across all of one person’s accounts is capped at $200,000. Breach closes all accounts without notice, revokes payouts and bans the trader permanently. | All Stages |
| Funded account offer window | 30 calendar days | An offer of a funded account is not guaranteed regardless of evaluation performance, and lapses if not accepted within 30 days. Non-acceptance is deemed rejection. | Funded |
| Hedging | 1 trades | Hedging within one account is allowed. Hedging across accounts, firms or platforms is a breach. A first single-trade offense is a soft breach once per user, anything more is a hard breach. | All Stages |
Restricted Countries
- Cuba
- Iran
- North Korea
- Syria
Marketing vs. Contract
Marketing language is checked against the terms that govern the selected program.
Three rules on that matrix carry limits the marketing never states: a qualifying day needs 0.8% realized profit, the first two payouts cap at 20 times the fee, and combined funded capital across every account a person holds stops at $200,000.
Velotrade Pricing and Account Sizes
Every fee is one-time and non-refundable, and the $40 PRO entry sits among the cheapest prop firm evaluations we track. PRO stays the cheapest family at every size up to its $1,114 top end at $200,000. There is no activation or subscription fee and no data or platform charge. No reset product exists either. Failing means buying again at full price, and whatever code is live at the time can be used on the re-buy.
The FAQ contradicts itself on hidden fees within a single page. Asked directly, it answers “No. The challenge fee is the only cost. There are no hidden fees, monthly subscriptions or additional charges.” The same page then details commission on both sides of every trade, at 0.01% of position value per side on forex and 0.03% per side on everything else, and overnight funding at 0.05% of position value per night, charged every night including weekends on non-forex positions and on five nights a week for forex, with Wednesday at triple. Worked through, a trader holding one standard forex lot pays $10 in and $10 out, plus $50 per night held through rollover. The same $100,000 notional in BTC costs $30 per side and $50 per night, seven nights a week. A week of holding that BTC position costs $350, or 3.5% of the $10,000 target a $100,000 account has to clear, and the charges count toward the drawdown. Two further charges are not disclosed anywhere pre-purchase. The single-stock out-of-hours holding rate is published only inside the platform, and the withdrawal network fee is shown only at withdrawal time. Two live pages also still show superseded prices, including a “$35” PRO entry the current catalog does not sell.
| Account balance | PRO 1-Step | CLASSIC 1-Step | CLASSIC 2-Step |
|---|---|---|---|
| $5,000 | $40 One-time | $67 One-time | $54 One-time |
| $10,000 | $74 One-time | $127 One-time | $100 One-time |
| $25,000 | $165 One-time | $290 One-time | $225 One-time |
| $50,000 | $305 One-time | $543 One-time | $419 One-time |
| $100,000 | $558 One-time | $1,075 One-time | $769 One-time |
| $200,000 | $1,114 One-time | — | — |
Velotrade Payouts and Profit Split
Payout Terms
The default split is 80% on every funded account, and the checkout prints “Profit Split (Funded Accounts): 80%” at the moment of payment. The advertised “keep up to 90%” is an optional line item in the same basket, listed under add-ons at +20% of the challenge fee, which is $8 on the cheapest plan and $223 on the largest. A first payout can be requested 14 calendar days after the first funded trade, once the five qualifying days are re-booked, then weekly. The minimum is $100 and payment arrives in USDC or USDT. Velotrade CLAIMS processing within 24 hours of approval. Payouts are full withdrawals only. The entire available balance leaves the account and partial withdrawals are prohibited. The balance then resets to its starting value, and the network fee comes out of the withdrawal at a rate the firm does not disclose.
Terms clause 5.4(f) states the one payout term no marketing material repeats. “The first and second Payouts are subject to a cap of twenty (20) times the Fee paid for the applicable Challenge. Any balance exceeding the Payout Cap is forfeited.” From the third payout onward no cap applies. Because withdrawals are all-or-nothing and the balance resets, a trader who earns past the cap on payout one or two cannot hold the excess back for a later withdrawal. Several firms we score cap early payouts and drop the cap later, so the structure itself is ordinary for the category. The cap bites hardest on PRO, the family whose fees are lowest against its account size. On a $200,000 PRO account, profit beyond 13.9% of balance on a first payout is forfeited at the default split.
Clause 5.4(f) says “the Fee paid”, and Velotrade does not say which amount that means when a code is applied. The cap figures in this review use the undiscounted list fee. On the other reading the cap follows the discounted price. AIRCON20 would then cut the $5,000 PRO cap from $800 to $640, the 80% split would start forfeiting profit at $800 instead of $1,000, and every other cap figure would fall by the same 20%. A buyer paying with a code should ask Velotrade in writing which amount its cap uses before trading toward it.
| Account | List fee | Cap on payouts 1 and 2 (20x the list fee) | Profit where the cap binds at 80% | Profit where the cap binds at 90% |
|---|---|---|---|---|
| PRO 1-Step $5K | $40 | $800 | $1,000 (20.0% of balance) | $889 (17.8%) |
| PRO 1-Step $100K | $558 | $11,160 | $13,950 (14.0%) | $12,400 (12.4%) |
| PRO 1-Step $200K | $1,114 | $22,280 | $27,850 (13.9%) | $24,756 (12.4%) |
| CLASSIC 2-Step $100K | $769 | $15,380 | $19,225 (19.2%) | $17,089 (17.1%) |
| CLASSIC 1-Step $100K | $1,075 | $21,500 | $26,875 (26.9%) | $23,889 (23.9%) |
Verified Payout Evidence
Velotrade settles payouts on Arbitrum and publishes certificates listing the transaction hashes, inviting anyone to check them. We checked every one of them by extracting the 60 payout records published on the payouts page, then looking up every hash on the public Arbitrum chain and reading the stablecoin transfer each one records. Of the 60, 58 transfers match the stated amount exactly and 2 match to sub-dollar rounding because the site displays whole dollars. There were 0 mismatches and 0 hashes missing from the chain. The transfers run 30 May to 12 August 2026 and total $32,994 across 59 wallets, only one of which was paid twice. Individual payouts range $109 to $2,501 in USDT and USDC, all sent from one Velotrade-controlled Gnosis Safe. Stated wait times of 4 to 21 hours fall inside the 24-hour claim. This is the only payout record among the prop firms we compare on payout speed that a reader can check against a public source at all.
Velotrade labels the payouts on its own site “examples, not a complete record”. The chain proves stablecoins left the firm’s wallet to 59 addresses, and confirming that much takes no trust in Velotrade. The chain cannot prove those addresses belong to independent funded traders, and it cannot show whether any payout was ever refused. Every one of the 60 states a challenge cost matching the PRO 1-Step fee for its size, so no published payout comes from a CLASSIC account. No published payout is large enough to have reached its own 20x cap, so nothing in the record shows the forfeiture clause being applied. The cap lifts from the third payout, and the record contains no third payout. Ten weeks and $32,994 is a young record.
| Evidence | Class (VERIFIED / REPORTED / CLAIMED) | Source | Date accessed |
|---|---|---|---|
| 60 published payouts totaling $32,994 to 59 wallets, 30 May to 12 August 2026 — every hash resolves on Arbitrum to a successful transfer in the stated token, 58 for the exact amount and 2 within a dollar of the whole-dollar figure shown, 0 mismatches and 0 hashes missing | VERIFIED | velotrade.com/payouts cross-checked against the public Arbitrum chain | 15 August 2026 |
| “Payouts processed within 24 hours of approval” | CLAIMED — the stated wait times are the firm’s own and request timestamps are not disclosed | Velotrade FAQ and payouts pages | 15 August 2026 |
| One unquantified trader line, “they gave me my prize”, naming no amount, asset or timing | REPORTED | Trustpilot review, 18 April 2026 | 15 August 2026 |
Scaling Plan
No scaling plan exists on any Velotrade page, and the FAQ states there is no time-based scaling and the full split applies from the first payout. Combined funded capital across all of one person’s accounts is capped at $200,000 by the Terms, so a trader cannot scale beyond the largest account.
Velotrade Platforms and Trading Conditions
Velotrade runs on DXtrade only, in the browser on desktop and mobile web. There is no download and no MT4 or MT5, so EAs written for MetaTrader will not connect natively. Dedicated iOS and Android apps are CLAIMED as in development. A free read-only guest version of the platform is available. Velotrade’s published list runs to more than 230 instruments across five asset classes, spanning 104 crypto, 39 forex pairs, 77 single stocks, 7 indices, 7 commodities. Crypto is the largest class at 104 instruments, and with stablecoin payouts and crypto accepted at checkout Velotrade belongs among prop firms built for crypto traders.
Velotrade states its commission in plain figures, 0.01% of position value on each side of a forex trade and 0.03% on each side of everything else, with no spread markup claimed. The homepage table headed “Live · Raw, no markup” is a fixed list of figures written into the site’s own code. Nothing in that code asks for a current quote, and none of the 70 code files we read contains a request for one. Two checks minutes apart returned identical figures. The figures may still be representative of Velotrade’s actual pricing, but nothing on the site sources them, so every spread number on the homepage is CLAIMED. A table labeled Live that never changes is a trading-conditions disclosure defect on its own.
Leverage steps down at funding on most classes, and forex majors run 50x in evaluation and 30x funded, minors 30x then 20x. The BTC, ETH, SOL group runs 6x then 5x, indices 6x then 5x, commodities 3x then 2x, stocks 2x at both stages. The homepage’s crypto card claims “the highest leverage in the evaluation model” for that group, while the firm’s instruments list caps crypto at 6x and forex majors on the same account run 50x. On execution, the homepage states “We never trade against you” and the FAQ describes the model as A-Book, B-Book, C-Book, with the B-Book defined as an internal book for some positions. Both statements are the firm’s own. For crypto charting the FAQ names KuCoin Swap Perpetuals as the closest match to its own charts, and that is the only outside price source Velotrade names anywhere. Accounts are simulated throughout and no client funds are held.
Is Velotrade Legit and Safe?
No evidence here shows a scam, and all 60 published payouts verify on-chain. The prop firm is run by Velotrade Re Limited, which gives its Hong Kong company number as 79182891 and its incorporation as November 2025 on its own pages, founded by Gianluca Pizzituti, its CEO, and Vittorio De Angelis, its Executive Chairman. De Angelis held prior roles at JP Morgan, Dresdner Kleinwort and Bank of America. Velotrade Management Limited is a separate company. The firm’s own About page describes it as “our legacy fintech business (est. 2016)”, and its March 2026 launch release states plainly that the two are separate legal entities. The firm is unregulated and says so. Accounts are simulated and no client funds are held. Disputes go to arbitration at the HKIAC in Hong Kong, customers give up the right to join a class action, and the most Velotrade says it will pay in damages is the previous twelve months of fees.
The homepage compresses the relationship to “From the founders of Velotrade (est. 2016)” and states that the team “has processed $2.5B+ in client payouts since 2016” with the same infrastructure running the prop firm today. That figure belongs to Velotrade Management Limited’s trade-finance business per the release and the About page. Here it is attached to a prop firm incorporated in November 2025 with ten weeks of verified payouts totaling $32,994. Velotrade’s directory profile of itself says “Founded 2016” and awards itself 9.0 out of 10. Its blog publishes a review of Velotrade bylined by its Executive Chairman with no company-authorship disclosure. The post is still live and still contradicts the current rulebook on drawdown type. It runs alongside a best-prop-firms list placing Velotrade first. A firm that states the entity separation cleanly in its own release has shown it can be precise. The homepage instead puts the 2016 figure next to the prop firm and leaves the buyer to work out which company earned it.
The Trustpilot profile displays no rating, and the notice on it reads “This company’s rating is unavailable due to a breach of our guidelines.” The notice is undated and identifies nobody. Four of the nine other prop firms’ Trustpilot pages we checked carry the same notice and five do not, so it is not unique to Velotrade. Seven visible reviews were posted between 31 January and 1 July 2026, the thinnest base we have recorded on any firm we score. Six are positive and short on specifics. One alleges a scam and account denial, and two predate the firm’s launch announcement of 13 March 2026. The firm writes detailed replies, and one CEO reply answered the scam allegation by publishing the identified reviewer’s position size and instrument along with the entry level. The rebuttal exposed a customer’s trade in the process. Beyond Trustpilot, every press article we found is a Velotrade press release or paid material, and six of the seven aggregator pages we read carry affiliate links, discount codes or both. Several directory pages assert static drawdown as fact, among them two that score the firm 8.6 out of 10 and 4.8 out of 5, while another lists it as unverified with zero reviews. The contract those scores never cite says “trailing or static, as applicable”.
Velotrade Alternatives
HyroTrader’s Bybit-connected evaluations run the trades on your own Bybit sub-account through an API key, and the fee is a refundable deposit returned with the first funded payout. Its split climbs from 80% to 90% over eight months on time served, with no paid add-on involved. BrightFunded’s untimed evaluations make withdrawals easier than Velotrade does, with a VERIFIED $0.01 payout minimum, no firm-side payout fee and no qualifying-day profit floor, though its 1-Step floor trails on floating profit under a checkout label that does not say so. Velotrade is the only one of the three that publishes a payout record a reader can check on-chain.
Final Verdict
Velotrade publishes the only payout evidence CryptoSlate has verified on-chain. All 60 certificates on its payouts page resolve on Arbitrum to successful transfers, 58 for the stated amount exactly and 2 within a dollar of it because the site displays whole dollars, with 0 mismatches and 0 hashes missing. Against that, the Terms of 1 July 2026 keep “trailing or static, as applicable” while every marketing page promises static always, and the same contract caps the first two payouts at 20 times the challenge fee and forfeits the excess. The score is 6.3 because the most verifiable payout evidence we have seen comes attached to the weakest rules disclosure we have scored.
All 60 published payouts verified on Arbitrum · 230+ instruments across five asset classes · Weekly stablecoin payouts from a $100 minimum
Prop-firm fees are at risk, most participants do not reach a payout, and simulated funding does not necessarily represent live firm capital. This review is informational, not financial advice.
Disclaimer: CryptoSlate may receive a commission when you click links on our site and make a purchase or complete an action with a third party. This does not influence our editorial independence, reviews, or ratings, and we always aim to provide accurate, transparent information to our readers.
Scoring methodology
The overall score is calculated from seven fixed categories whose weights remain consistent across prop-firm reviews.
Applying the seven category weights every prop firm we score is measured on, Velotrade’s contributions total exactly 6.300. Payout evidence scores 8.5 and three categories score 4.5. The firm that invites on-chain verification of its payouts also sells a static drawdown promise its contract does not make.
| Category | Weight | Assessment | Score |
|---|---|---|---|
| Payout Reliability and Evidence | 25% | All 60 certificates resolve on Arbitrum, 58 for the exact amount and 2 within a dollar, across 59 wallets and $32,994 in 10 weeks. Held under 9 by the young record. | 8.5 out of 10 |
| Rules Fairness and Transparency | 20% | Marketing and the rulebook say static. The Terms keep “trailing or static, as applicable” and prevail by clause 1. Funded limits unpublished, 0.8% floor per qualifying day. | 4.5 out of 10 |
| Cost and Value | 15% | $40 entry, PRO cheapest at every size, no platform or data fees. The FAQ answers “no hidden fees” beside per-side commission and daily overnight charges. No resets exist. | 6.5 out of 10 |
| Trading Conditions | 15% | Five asset classes, EAs and API free with no approval. The homepage spread table labeled Live is a hardcoded array in the bundle, so every spread figure is CLAIMED. | 6.5 out of 10 |
| Profit Split and Scaling | 10% | 80% default, 90% sold as an add-on at +20% of the fee, a structure other firms we score share. The checkout prints 80% at payment. No scaling path beyond $200,000. | 6.5 out of 10 |
| Firm Transparency and Stability | 10% | The homepage attaches a separate 2016 company’s $2.5B to a firm incorporated November 2025, and a self-authored review contradicting the rulebook is still live. | 4.5 out of 10 |
| Support and Reputation | 5% | Trustpilot displays no rating over seven reviews, the thinnest base we have recorded. The firm replies substantively, but one reply disclosed a reviewer’s position data. | 4.5 out of 10 |
| Weighted total | 6.3 out of 10 | ||
FAQ
Velotrade FAQs
Is Velotrade a good prop firm?
Payout evidence scores 8.5, with all 60 published payouts matching the Arbitrum chain. Rules fairness scores 4.5, and so do firm transparency and support, because the contract keeps “trailing or static, as applicable” against a static marketing promise and funded-stage limits are unpublished. The weighted score is 6.3.
Is Velotrade legit or a scam?
No evidence here proves a scam. Velotrade Re Limited gives its Hong Kong company number as 79182891. It is unregulated and open about it, and it runs simulated accounts. All 60 published payouts verify on-chain. Trustpilot shows no rating and seven visible reviews, checked 15 August 2026. One review alleges an account denial the CEO publicly disputed.
Does Velotrade really pay out?
All 60 hashes resolve on Arbitrum to successful transfers worth $32,994 to 59 wallets between 30 May and 12 August 2026. Fifty-eight match the stated amount exactly. The other two run a few cents above the whole-dollar figure the site displays. Nothing mismatched, and no hash missing from the chain. Velotrade describes its list as examples, and the chain cannot show whether any payout was refused.
Is Velotrade’s drawdown static or trailing?
The rulebook of 12 June 2026 says static on every family and calls the trailing model retired. The Terms of 1 July 2026 say “trailing or static, as applicable” and declare themselves superior to the rulebook. The checkout names no type on any product. Velotrade’s live blog still describes CLASSIC as EOD trailing.
How much does a $100,000 Velotrade account cost?
PRO 1-Step costs $558, CLASSIC 2-Step $769 and CLASSIC 1-Step $1,075 at list, falling to $446.40, $615.20 and $860 with the verified AIRCON20 code. The 90% split add-on costs a further 20% of the fee. Fees are one-time and non-refundable, and no reset product exists.
What is Velotrade’s profit split?
Every funded account defaults to 80%, printed on the checkout at the moment of payment. The advertised 90% is a paid add-on at +20% of the challenge fee. Velotrade caps the first two payouts at 20 times the fee with any excess forfeited, and from the third payout no cap applies.
Does Velotrade have a discount code?
AIRCON20 takes 20% off every challenge at every size and off the 90% split add-on, tested in Velotrade’s checkout on 19 August 2026. Its coupon settings set no end date. Its FAQ states codes cannot be combined with referral-link arrivals, so confirm the figure at checkout.
Is Velotrade the same company as the trade-finance Velotrade?
The prop firm is Velotrade Re Limited, incorporated in Hong Kong in November 2025. Velotrade Management Limited is a separate legal entity that the firm’s About page describes as its legacy fintech business established 2016. The two share founders and a domain, and the firm’s March 2026 release states they are separate companies.