Velotrade has launched a funded trading platform aimed at empowering traders by providing capital while sharing profits based on their trading performance.
What is Funded Trading?
Funded trading allows traders to use capital supplied by a proprietary trading firm instead of their own funds to trade digital assets. This model is especially relevant in the cryptocurrency space, where volatility can create significant risk and opportunity.
Typically, to access a funded account, traders must first pass a challenge designed to evaluate their profitability and risk management skills. Upon successful completion, they receive a funded account along with the potential to earn a share of the profits, as long as they adhere to the company's trading regulations and risk limits.
How Does Velotrade Stand Out?
Velotrade's platform is uniquely constructed for cryptocurrency trading, eliminating common restrictions such as consistency rules and time-based trading bans. This flexibility allows traders to operate without constraints considering market developments. The platform employs institutional-grade liquidity and AI-driven hedging strategies to replicate trader positions, ensuring that Velotrade profits only when traders succeed, not through fees or penalties.
Velotrade provides access to trading accounts ranging from $5,000 to $200,000, making it accessible to a wide range of traders without requiring any personal financial risk. The focus of the platform is strictly on cryptocurrencies, offering up to six times leverage on Bitcoin and Ethereum.
Traders can request payouts after a short 14-day waiting period, with subsequent withdrawals available weekly in USDC or USDT.
Who Are the Minds Behind Velotrade?
The team behind Velotrade brings over three decades of combined institutional experience. The executive chairman, who previously worked at prominent financial institutions, has a strong background in equity derivatives. The CEO has also built a significant track record in proprietary trading and established a successful trade finance business prior to launching this new trading platform. Velotrade Management Limited, founded in 2016, has effectively managed and distributed over $2.5 billion to global clients, reinforcing the credibility behind this new initiative.
By combining innovative ideas with a robust trading framework, Velotrade aims to transform how traders engage with the crypto market, emphasizing profit-sharing and trader support over traditional fee structures.