Velotrade

Velotrade is a multi-asset prop firm registered in Hong Kong as Velotrade Re Limited. Velotrade sells one-step and two-step evaluation challenges from $5,000 to $200,000, runs them on DXtrade, and pays funded traders 80% of profits with a 90% option. Velotrade covers crypto perpetuals, forex, single stocks, indices and commodities on the same account.

That multi-asset point needs stating plainly, because Velotrade is widely listed as a crypto-only firm and it is not one. Velotrade's own challenges page sells forex, crypto, stocks, indices and commodities, and its instrument list names TSLA, NVDA and AAPL in stocks, US500, NAS100 and GER40 in indices, and XAUUSD, XAGUSD and USOIL in commodities. If you were skipping Velotrade because you trade gold or indices rather than BTC, that reasoning does not hold.

Velotrade launched its prop arm in 2026. The same founding team ran the original Velotrade invoice financing platform, established in Hong Kong in 2016, which is a different business and a different product. Treat the 2016 date as company history, not as a prop-firm payout record. You can compare Velotrade against the rest of the market in the FundedTrading prop firm directory.

Velotrade runs three plans. Classic 1-Step and Classic 2-Step both stop at $100,000. PRO 1-Step is the only plan that reaches $200,000, and it is also the cheapest at every size. That combination is unusual. At most firms the biggest account carries the loosest rules, and here it carries the tightest.

As of September 2026, these are the list prices and the price after code FT25.

Bold figures are the FT25 price. The $30 PRO entry puts Velotrade in the same bracket as the firms in our cheapest prop firms guide, though a $30 challenge with a 3% floor is a different proposition from a $30 challenge with a 10% floor. Price and pass probability are not the same number.

Velotrade uses static drawdown on all three plans. The floor is fixed in dollars from your starting balance and never moves, not intraday, not at end of day, not after a winning week. On a $50,000 Classic 1-Step the floor sits at $46,500 for the whole evaluation.

Static is the trader-friendly end of the drawdown spectrum and it changes how you should size. Nothing you win tightens the limit, so an open-trade spike that gives itself back costs you nothing structurally. The trade-off runs the other way: profits build no extra cushion either, so the floor is just as close after a good month as it was on day one. If you are unclear on why that distinction decides which firms suit your strategy, our prop firm drawdown rules guide covers the models side by side, and the max trailing drawdown breakdown explains what Velotrade is avoiding.

The rules Velotrade does not impose

No consistency rule on any plan, so a single outsized winning day cannot disqualify a passing account. No time limit, so hitting 10% takes as long as it takes. News trading is permitted through NFP, FOMC, CPI and every other major macro release, with no requirement to flatten before a scheduled event. Weekend holding is allowed on every instrument. Expert Advisors are permitted with no approval step. Those four together rule out most of the reasons traders fail evaluations at firms with otherwise similar pricing.

The five-day minimum

Every plan requires five trading days, and Classic 2-Step requires five in each phase. Hit 10% on day two and you still wait. That gap is where traders take marginal setups to fill the requirement and give back the target, so plan the last three days as flat or tiny rather than as trading days you have to use.

Inactivity

Funded accounts need one valid trade every 30 calendar days, defined as a position opened and held at least 60 seconds or a position left open. Miss it and the account deactivates automatically. Leave it unreactivated for six months and it becomes a hard breach, which means a passed evaluation can be lost to a quiet quarter rather than to trading.

Velotrade states there is no max risk per trade. The wording on the challenges page is direct: risk as much of your account as you want on a single position, no forced max lot, no per-trade cap, with the static drawdown as your only sizing limit. The same claim appears as a bullet on all three plan cards on Velotrade's rules page. Taken alone, that reads as permission to put an entire account behind one ticket.

Clause 8.2 of Velotrade's Terms and Conditions qualifies it. The prohibited-trading list at 8.2(j) names gambling behaviour, defined there as placing excessively large positions relative to account size without risk management, alongside account rolling at 8.2(k) and any strategy that does not reflect genuine trading skill at 8.2(m). Clause 8.4 closes with a single sentence reserving sole discretion to Velotrade to determine what constitutes prohibited trading. Clause 9.1(c) makes prohibited trading a breach, and 9.2 means a breach forfeits both the payout and the fee.

The part that matters is the order of precedence. Clause 1 states that where these Terms conflict with the Rules, FAQs or Risk Disclosures, the Terms prevail. The no-cap claim sits on the rules page. The gambling-behaviour clause sits in the Terms. By Velotrade's own hierarchy, the clause wins.

So a trader who sizes right up to the static floor on one position is inside the published risk limit and inside a clause Velotrade can apply at its own judgement. No threshold is published for where reasonable sizing becomes excessive sizing, so the boundary gets set case by case rather than in advance.

Velotrade runs on DXtrade and nothing else. There is no MetaTrader 4, no MetaTrader 5 and no cTrader, so traders carrying MQL indicators or EAs written for MetaTrader will be rewriting or replacing them.

What Velotrade does include is full DXtrade REST and WebSocket API access on every account, at no extra cost and with no approval process. Firms in this price bracket usually gate API access behind a higher tier, an application, or a monthly fee, and plenty do not offer it at all. If you run systematic strategies, that inclusion is worth more than the headline discount. Automated strategies sit under the same daily loss, drawdown and account rules as manual trading.

Velotrade pays 80% by default on every plan from the first payout, with no time-based scaling to earn it. A 90% split is available as a one-time add-on at checkout, priced at 20% on top of the challenge fee. The payout mechanics below matter more than the split percentage, and they are the part most reviews of Velotrade skip.

Note that 14 days is an eligibility date, not a processing time. The clock starts at your first funded trade, so a trader who buys an account and waits a week before trading is 21 days from a first withdrawal, not 14. Velotrade publishes payout certificates on its own site and states they are settled on-chain and checkable on Arbiscan, which is a more falsifiable claim than a payout total in a marketing banner. Anyone weighing a first challenge can check a sample of them directly.

Work it through on the cheapest entry. A $30 PRO challenge sets a cap of $600. Grow that funded account to $2,000, request your first payout, and you must withdraw the whole balance. You receive $600. The other $1,400 is forfeited, not carried forward. The same trader on a $229 Classic $50K challenge has a $4,580 cap and far more room.

The practical consequence is that the cheapest challenge carries the harshest cap, which runs against the instinct to buy the smallest account first. If you take the $30 PRO route, request your first two payouts early and small, clear them, and only then let a balance build. Two quick withdrawals get you past the cap permanently.

Three costs sit outside the headline price and none of them appears on the plan comparison.

The first is overnight financing. Velotrade sells weekend and overnight holding as a headline feature, and it publishes a separate overnight holding policy on its rules page, which means positions held through the night carry a financing charge. That charge runs against your profit target every night you stay in, so for a swing trader it is a real cost rather than a rounding error, and it partly offsets the weekend-holding advantage. Check the current rate on the rules page before you size a multi-day position. [verify: I could not read the published rate, the rules page serves that section as a collapsed panel. Pull the exact figure from your own logged-in view or from support and state it here, because a specific number is the whole value of this paragraph.]

The second is the profit split add-on. The 90% split costs 20% on top of your challenge fee, and Velotrade calculates it on the discounted price rather than the list price. On the $5,000 PRO challenge that is roughly $6 on top. Because it is a one-time charge rather than a deduction from profits, it repays itself fast on a passing account and is money burned on a failing one. Buy it if you have passed an evaluation before, skip it on a first attempt.

The third is the retry offer. Velotrade has run a free retry on evaluation-phase failures, issued at 50% of the original account size and on a 50/50 payout split rather than 80/20. It is a genuine second attempt and a materially worse account than the one you paid for. [verify: promotional rather than standing, and Velotrade is currently running a different promotion. Confirm whether the retry is live before publishing, or cut this paragraph.]

The Velotrade discount code FT25 is worth checking against whatever public promotion Velotrade is running when you buy. At the time of writing Velotrade advertises AIRCON20 for 20% off on its own site, so FT25 is five points better on the same plans. Codes in this category rotate, so compare before you check out rather than assuming. Current offers across every firm we cover sit on the prop firm discount page.

Velotrade operates as Velotrade Re Limited, a company registered in Hong Kong, and names its leadership publicly. CEO Gianluca Pizzituti previously traded derivatives at Dresdner Kleinwort in London and ran an HFT firm in FX and equity indices out of Singapore. Executive chairman Vittorio De Angelis traded equity derivatives at JP Morgan, Dresdner Kleinwort and Bank of America, then ran brokerage at a global broker in Hong Kong. Both histories are checkable, which is more than many newer firms offer.

Velotrade lists a registered address at Unit 702, 7/F, Yue Thai Commercial Building, 128 Connaught Road Central, Sheung Wan, Hong Kong. Velotrade publishes its full rule set, drawdown definitions and termination conditions on its own rules page before purchase, and posts payout certificates it states settle on-chain and can be checked on Arbiscan. Prop firms do not require a financial licence, since they are not holding client money or offering a regulated product, so the absence of a regulator here is normal and not a warning sign.

Three clauses worth reading before you pay

Clause 5.3 states that Velotrade may offer a funded account at its sole discretion, and that an offer is not guaranteed regardless of evaluation performance. Passing the challenge is therefore a condition of funding rather than a guarantee of it. This language is common across the category, and it is still the clause that decides what your fee actually buys.

Clause 6.2 makes fees non-refundable once you access the platform or place your first trade. Clause 6.5 treats an unjustified chargeback as a material breach that can terminate the account and forfeit pending payouts, so a payment dispute is not a route to a refund.

Clause 15 sends any unresolved dispute to arbitration at the Hong Kong International Arbitration Centre, seated in Hong Kong, before a single arbitrator, with a class action waiver at 15.3. For a trader outside Hong Kong the practical effect is that formal escalation is expensive and individual. Weigh that against the size of a first challenge.

The honest limit on any positive read is time. Velotrade launched its prop arm in 2026 and says so on its own site, acknowledging it has no multi-year payout record yet. Everything verifiable about the rules is good. Nothing yet verifies how the firm behaves across a full market cycle or under a large payout request, and the discretionary clause covered above is the kind of term whose real meaning only shows up in how it gets applied. Size a first challenge as money you can lose, which is the right approach at any prop firm and particularly at a new one.

Velotrade's specific combination is static drawdown plus no consistency rule plus API access. These are the closest comparisons on that basis.

Propr is the closer match on asset class and the weaker one on rules, since a trailing floor tightens as you profit and Velotrade's does not. The Concept Trading matches the static model and drops the daily loss limit entirely, which suits traders who breach on daily limits rather than on total drawdown. To filter on drawdown model and rule set across everything we cover, use the prop firm comparison tool.

Velotrade has built the rule set most traders say they want. Static drawdown on every plan, no consistency rule, no time limit, news trading through every release, weekend holding, and free API access on a $30 account. Verified against Velotrade's own pages, all of that holds up. On rules alone it is one of the stronger propositions in this price bracket.

The reservations are both in the Terms rather than the rules, which is why most reviews of Velotrade miss them. The first two payouts are capped at 20 times the challenge fee, partial withdrawals are not permitted, and any balance above the cap is forfeited. A trader who buys the $30 account, runs it to $2,000 and requests a payout collects $600 and loses the rest. The second is the sizing clause: Velotrade advertises no cap on per-trade risk on two of its own pages while reserving the right, in a document that overrides both, to fail an account for positions it judges excessive.

Neither is a reason to skip Velotrade. Both are reasons to read the Terms before the marketing. Size at 1% to 2% per position, clear two small payouts early to kill the cap, take Classic 2-Step if you want the 10% floor and the extra room, and take PRO only if a 3% floor fits how you actually trade. Do those four things and the rest of the offer is as good as the category gets at this price. Code FT25 takes 25% off, five points better than Velotrade's own public promotion.