VelonFX calls for strict due diligence before you deposit a cent. Verify a real license number on its site, then cross-check it on the regulator’s register. Confirm client fund segregation, negative balance protection, and clear margin and stop-out rules in the legal docs. Review spreads, swaps, and any commission, and compare all-in costs on major pairs during peak hours. Test the platform on a demo, then with a small live order, and track slippage, requotes, and withdrawal speed. Support should reply fast with direct, specific answers. Avoid bonuses tied to turnover and pressure to deposit. Fund only with methods that allow chargebacks, and keep records of every chat and statement. If any detail is vague, walk away.

VelonFX Review Reasons We Flagged It as High Risk

VelonFX is run by Velon Finance LTD and began operating in 2024. The brand promotes forex trading, offers mobile access, and supports the MT5 platform. While the site lists some company details, its regulatory status is still unclear and needs independent confirmation.

Domain and Company Timeline

Whois records show the domain velonfx.com was registered on November 11, 2024, with the latest update on March 11, 2025. Velon Finance LTD also states a 2024 founding date. The timelines match, which suggests the project is still very new.

Trading Offering and Platform

The website focuses on forex pairs and does not present other instruments. It claims to use MetaTrader 5 for trading. Third-party checks find a Velon Finance LTD server listed in MT5, but there is no linked regulatory authorization.

Account Types

Three account tiers are advertised: Standard, ECN, and VIP.

• Standard: $100 minimum, floating spreads from 1.0, no commission, aimed at beginners.
• ECN: $100 minimum, spreads from 0.0, $6 commission per trade, built for cost-focused traders.
• VIP: $5,000 minimum, spreads from 0.0, $4 commission per trade, suitable for larger or frequent orders.

All accounts list 1:1000 leverage, Swap-Free options, a common stop-out level, and 24/7 support.

Registration and Regulatory Status

The site states its head office is in Gros Islet, Rodney Bay, Rodney Village, Sotheby's Building 1st floor, Saint Lucia, with registration ID 2024-00692.

Checks by Traderknows at the Saint Lucia International Business Companies and Trusts Registry (ifc) and the Saint Lucia Financial Services Regulatory Authority (FSRA) did not return matching corporate or licensing records.

• Saint Lucia International Business Companies and Trusts Registry (ifc):
• Saint Lucia Financial Services Regulatory Authority (FSRA):

Contact Details

The platform lists these channels: email at [email protected], phone at +971-567-0987, and a web form. There is no clear on-page live chat link in public sections, and response times are unknown.

Social Media Presence

Icons for Instagram, Facebook, LinkedIn, and YouTube appear in the footer. They do not lead to active profiles, so real social activity is uncertain.

Partnership Program

VelonFX promotes an agency program with sales support, tiered commissions, and conversion-focused tools. The offer highlights:

• Sales support, including client acquisition help, relationship management, and training.
• A commission plan tied to referred clients’ trading volume.
• Materials and campaigns to improve sign-ups and conversions.

Deposits and Withdrawals

Payment options include VISA, Mastercard, Bitcoin (BTC), and USDT on ERC-20 and TRC-20. Stated minimums and timelines:

• VISA/Mastercard: $100 minimum, up to 4 hours processing.
• Bitcoin (BTC): about 0.00037 BTC minimum, 3 to 30 minutes.
• USDT (ERC-20/TRC-20): 50 USDT minimum, near-instant processing.

The site says all funding methods have zero fees.

Traffic Snapshot

Semrush estimates the site’s monthly traffic at under 100 visits. This points to very low market presence and limited user activity so far.

Onboarding and UX Review

• Site structure and speed: Pages load quickly, with clear menus and sections.
• Sign-up form: Simple fields, helpful error prompts, and a short flow.

Education and Research

There are no visible learning materials, tutorials, or market analysis on the site. New traders may face a steep start without basic guidance.

Customer Support Test

During testing, a live chat function was reachable and returned basic answers. It handled simple questions and general guidance.

How to Verify the Company Yourself

Use these steps to check the firm’s claims.

Company Record Check

1. Open the Saint Lucia International Business Companies and Trusts Registry (IFC).
2. Search for Velon Finance LTD.
3. Compare the company name, status, and any filings.

Regulatory Status Check

1. Visit the FSRA site in Saint Lucia.
2. Search for the company name.
3. Look for an active license or regulatory number.

Domain Age Review with Whois

1. Go to whois.com.
2. Enter velonfx.com.
3. Confirm registration date and recent updates.
4. See if the timing fits the company’s stated launch.

Red Flags to Watch

• Domain age under one year.
• No confirmed corporate or regulatory records in official databases.
• Sparse company background and limited information on the operating entity.

Conclusion

Pros

• Offers MT5 access for forex trading.
• Three account types that fit different trading styles.
• Multiple deposit options with fast processing and no listed fees.
• Live chat responded during testing.

Cons

• No verified registration or authorization found with regulators.
• No education library, which is tough for beginners.
• Social icons do not link to real pages, lowering transparency.
• Very new domain with no long-term track record.
• Extremely low traffic and weak brand visibility.

VelonFX shows standard features for accounts, platform choice, and payments. The gaps sit in regulatory clarity, education, and market footprint. Use the verification steps above before you consider opening an account.

Disclaimer: This review relies on public data and hands-on tests. Your results may vary based on market conditions and platform changes.