Deposits

All client deposits should be made by bank transfer using the bank account details below:

Account Name: Velocity Trade
Bank: Nedbank
Account Number: 1012289583
Branch Code: 123209

Please always quote your Velocity Trade account number on payment reference.

For added security and efficiency please also advise us of your deposit by email at trading@za.velocitytrade.com.

Remember you can only trade with cleared funds that have been deposited to your account. Depending on your bank some payments may take longer to process than others and you should take this into account when making your payment.

In particular if you are depositing funds to meet a margin call, your positions may still be closed if funds have not been cleared or have not been deposited to your trading account. If you are in doubt please contact us before making a payment.

Withdrawals

To withdraw funds, simply fill out the online form

We will act on the request immediately and let you know when the transfer has been actioned.

By default, when you withdraw funds, we send them to the bank account you nominated when registering for an account.

If your bank account has changed or you would like to nominate a new account in which we will send your funds, complete this account change form and email or fax it back to us.

How much can I withdraw at any one time?

There is no maximum withdrawal amount and you can withdraw any funds not required for margining.

Note that if you withdraw money from your account and leave insufficient margin, your positions could automatically be closed out.