Velocity Verse Options is a brokerage website suspected of fraud. Its official website, www.velocityverseoptions.com, was registered on April 30, 2024. The website claims to provide investors with trading services in numerous financial derivatives, including forex, cryptocurrencies, indices, stocks, energy, and commodities.
Company Background and Regulatory Status
According to the public information on www.velocityverseoptions.com, this broker was established in 2016 using Velocity Verse Options as its trading name and claims to be regulated by the Australian Securities and Investments Commission (ASIC).
However, on its "About" page, the broker also claims to have official certification from four countries, but the certification images provided show the company name as AI CAPITAL TRADES.
Upon investigation, the ASIC website reveals that there is no regulated entity named Velocity Verse Options.
Further inquiries show that AI CAPITAL TRADES (aicapitaltrades.com) is actually a fraudulent site, with all its so-called official certifications being false and fabricated. Additionally, the website design and content of Velocity Verse Options and AI CAPITAL TRADES are highly similar, likely using the same website template.
Trading Products
Velocity Verse Options claims to offer a variety of trading options in financial products, including forex, cryptocurrencies, indices, stocks, energy, and commodities.
- Forex: The forex market is the largest financial market globally, where currency exchanges and trading take place. Investors earn profits by trading currency pairs from different countries and taking advantage of exchange rate fluctuations.
- Cryptocurrencies: Digital currencies based on blockchain technology, such as Bitcoin and Ethereum. The cryptocurrency market is relatively new and highly volatile, offering high risk and high reward investment options.
- Indices: Indices represent the performance of a group of stocks; for example, the S&P 500 reflects the overall performance of the 500 largest companies in the U.S. Trading indices is a way to profit from the overall market performance rather than individual stocks.
- Stocks: Companies raise funds by issuing stocks, which represent a portion of ownership in the company. Investors become shareholders by purchasing stocks and profit from the company’s growth or dividends.
- Energy: Trading energy commodities such as oil and natural gas, heavily influenced by global economic and geopolitical events, resulting in frequent price fluctuations.
- Commodities: Including metals like gold, silver, copper, and agricultural products. These commodities can be traded on the futures market and are often used as hedges against inflation and market risks.
Account Opening Process
The account opening steps at Velocity Verse Options are as follows:
- Visit www.velocityverseoptions.com and click on "START INVESTING" or the "SIGN UP" button at the top right corner to enter the account application page.
- Fill in your name, email address, and set a login password on the account application form. Once the form is submitted, the account is successfully created.
- After logging into the account, users must complete the KYC verification process to start trading.
Investment Plans
Velocity Verse Options claims to offer four different investment plans for investors: BASIC PLAN, SILVER PLAN, GOLD PLAN, and FOREX SIGNALS.
BASIC PLAN:
- Return Rate: 32.2%
- Minimum Investment Amount: $500
- Maximum Investment Amount: $4,999
- Investment Term: 7 days
- Referral Commission: 10%
- Support: 24/7 customer support
- Capital Return: Yes
SILVER PLAN:
- Return Rate: 41.3%
- Minimum Investment Amount: $5,000
- Maximum Investment Amount: $9,999
- Investment Term: 7 days
- Referral Commission: 10%
- Support: 24/7 customer support
- Capital Return: Yes
GOLD PLAN:
- Return Rate: 53.2%
- Minimum Investment Amount: $10,000
- Maximum Investment Amount: Unlimited
- Investment Term: 7 days
- Referral Commission: 10%
- Support: 24/7 customer support
- Capital Return: Yes
FOREX SIGNALS:
- Features: Provides professional forex signals
- Number of Signals: Up to 10 signals per day
- Success Rate: 95%
- Support: 24/7 customer support
- Other Tools: Provides advanced trading tools
- Payment Method: Bitcoin only
- Available Platforms: Usable on any broker platform
Trading Platform and Deposits/Withdrawals
Velocity Verse Options claims to offer a proprietary trading platform, but it only supports web versions. The broker states that it supports deposits and withdrawals via credit card, debit card, bank wire, and cryptocurrencies.
Conclusion
Traderknows advises investors that Velocity Verse Options is actually an illegal website without a legitimate company entity or any regulatory oversight. Investors should carefully consider their options and prioritize choosing regulated and transparent companies to ensure the safety of their funds and reduce investment risks.
