Wednesday

Velocity4x.com Review

Among great number of Brokers there appears Velocity4x, and because it is a good broker it has been attacked by Forex Peace Army through their bad reviews.
For Russ Field from Canada claimed that:

"rating removed As an IB we have been with Velocity4x since our switch from another broker with a seven digit managed account.
The only challenge we have had with Velocity4x came this summer 07 when they had a major challenge with Metatrader software due to server upgrades. During this period their executive as well as CSR staff did their best to accomodate our traders until a viable solution was found.
Not once have I heard from our traders of any spikes, re quotes that are basically challenges that occur when traders use a strategy or methodology close to news announcements or for scalping.
Looking at the comments below or many of the comments that are poor are likely situations that have transpired during scalping strategies or news announcements. This is a very tough way to trade as institutions as well as hedge funds have the opportunity to make waste of most in the market who play these strategies, its just a matter of time. I have seen many people burn out due to scalping techniques over the last four years, please be careful when trading with those types of strategies and make sure you find a broker that likes to deal with your specific trading strategy no matter what it is, ask the right questions(good luck for news traders and scalpers).
Most retail traders who do not have a large clientelle will not understand what Velocity4x did when the NFA started their audits earlier in 2007. Instead of running like many other FDM's Velocity4x was one of the first companies in the USA who chose to rid themselves of all Non Member IB's. This was a large step for the FOREX industry as it needs to be cleaned up from unscrupulous marketers and hopefully with the new systems employed by the NFA, the FDM's will start to gravitate towards better customer service as well as trade less on the 'other' side and send more volume straight into the interbanking marketplace.
The industry is changing remarkably fast and the choices each of you have in the next 12 months of who you do business with (FDM) is going to significantly decrease.
Velocity4x response to the recent FXLQ debacle has been short of a miracle. Let's hope that their same care that transcended for their clients over the last year continues (length of our relationship with V4x)to happen as they work with GAIN."
And so many other fake reviews are found there in their website.

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