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In my experience as a forex trader, regulatory status is non-negotiable when considering any broker. Velocity Trade presents itself as a regulated entity, which offers some reassurance, but the details are nuanced and require careful consideration. According to my research, Velocity Trade is overseen by several major authorities: the Australian Securities & Investments Commission (ASIC), the UK Financial Conduct Authority (FCA), and the Financial Sector Conduct Authority (FSCA) in South Africa. Each of these regulatory bodies imposes its own compliance requirements—ASIC and FCA, for example, are known for their stricter monitoring and investor protection standards. However, I’m always cautious because no regulatory status should be taken at face value. While the broker is indeed regulated according to available documentation, I noted there are risk indicators and some “high potential risk” warnings associated with certain operating entities, such as issues flagged in New Zealand and concerns about transparency. In other words, while the regulatory coverage offers a layer of legitimacy, it doesn’t guarantee a completely trouble-free experience. I personally wouldn’t ignore these warnings. My take is that traders should always verify the current license status directly with each regulator and proceed unusually carefully if there are risk flags, even with multi-jurisdiction oversight. For me, prudent due diligence is as important as any regulated status a broker might display.