Velmor Broker Review

Velmor, which operates through websites vel-trade.com and trade.vel-trade.com, presents itself as a trustworthy partner for cryptocurrency trading. With sleek visuals and promises of high returns, the platform tries to lure novice traders into depositing funds. However, a deeper investigation reveals a troubling reality: Velmor is a high-risk offshore scam broker using manipulation, fake licenses, and withdrawal blockades to defraud clients.

Company Background

At first glance, Velmor claims to be a well-established broker offering advanced trading tools and “secure” investing environments. But this appearance quickly falls apart under scrutiny:

• Velmor is registered in Saint Vincent and the Grenadines — a jurisdiction notorious for lacking financial oversight.
  
• The SVG Financial Services Authority (SVGFSA) clearly states that it does not regulate forex or crypto brokers, meaning Velmor operates in a completely unregulated and uncontrolled legal grey zone.
  
• Despite this, Velmor’s website falsely claims to hold regulatory licenses. These fake licenses are unverifiable and do not exist in any public registry of credible regulators such as FCA (UK), CySEC (Cyprus), ASIC (Australia), or FINRA (USA).
  

Important note: Velmor claims to have been operating since 2015, but domain records show that vel-trade.com was only registered on April 23, 2025. This further confirms that Velmor is using fake timelines and falsified credibility to mislead investors.

Additionally, on May 19, 2025, Velmor was officially blacklisted by the Central Bank of Russia, which explicitly warned the public that the company is operating illegally and without any authorization.

Real Client Complaints

Velmor’s scam structure becomes even more evident when looking at user experiences posted across independent review platforms and forums. Here are some of the most common complaints:

• Deposits vanish, and managers disappear.
  “After depositing $2000, my account manager stopped replying, and the platform started showing errors when I tried to withdraw,” said one client from Europe.
  
• Fake profit dashboards and false trading reports.
  Clients are shown fabricated profit growth reports that do not match real market data, creating a false sense of success — until their accounts are suddenly “zeroed out.”
  
• Bot-based support.
  “Don’t trust their support. It’s just bots with scripted answers,” writes another user.
  
• Hidden fees and fraudulent charges.
  “They asked me to pay a $500 withdrawal commission, even though it wasn’t mentioned in the agreement.”
  
• Legal avoidance and silence.
  One user stated, “We’ve been in court for six months. Velmor ignores all rulings.”
  

“They promised me a 150% profit in a month, but my account was wiped out in two days,” reported a trader from Russia.

Velmor’s 3-Stage Fraud Scheme

Velmor’s operation follows a structured scam pattern that closely mirrors that of other well-documented fraudulent brokers:

1. Social Media Lure

They launch targeted ads on TikTok, Instagram, and YouTube, featuring fake success stories and testimonial videos to make it look like everyday people are getting rich through Velmor’s platform.

2. Pressure to Deposit

Once a user registers, Velmor’s so-called “account managers” aggressively pressure them to fund their account, using fear tactics like “you’ll lose access to trading strategies” or “your account will be frozen if you don’t fund it.”

3. Withdrawal Roadblocks and Ghosting

When the victim tries to withdraw their funds, Velmor introduces fake “technical errors,” tax demands, or withdrawal fees. Even after paying these, users are often locked out of their accounts permanently, and communication ceases.

Technical Red Flags on the Platform

A closer analysis of Velmor’s platform reveals clear signs of market manipulation and deception:

• Fake charts: Trading graphs on the platform do not match real-world market prices or movements.
  
• No real-time data feeds: There is no evidence of live data integration from legitimate exchanges.
  
• Zero transparency: There’s no information about company ownership, physical office, or leadership.
  
• No legal documentation: The Terms & Conditions are vague and fail to mention clear withdrawal policies, dispute resolution procedures, or regulatory frameworks.

No Regulatory Oversight 

Velmor is not regulated by any recognized financial authority, despite its misleading claims. A comprehensive check confirms that the broker is absent from all official registries of licensed investment firms, including:

• Financial Conduct Authority (FCA), UK
  
• Cyprus Securities and Exchange Commission (CySEC)
  
• Federal Financial Supervisory Authority (BaFin), Germany
  
• U.S. Securities and Exchange Commission (SEC) / FINRA
  
• Australian Securities and Investments Commission (ASIC)
  
• Financial Sector Conduct Authority (FSCA), South Africa
  

In other words, Velmor operates without legal permission in any jurisdiction. It does not hold a license, nor is it subject to investor protection rules, audits, or dispute resolution mechanisms. For traders, this means zero legal safeguards and no accountability.

Any platform that falsely claims to be regulated while operating offshore should be treated with extreme caution. In Velmor’s case, this deception is not just a red flag — it’s a flashing siren.

Conclusion on Velmor Broker

After a thorough investigation, it is clear that Velmor is not a legitimate financial institution. It is an unregulated offshore entity that uses slick marketing, false promises, and psychological manipulation to defraud unsuspecting traders.

The company’s use of fake licenses, fabricated trading data, and withdrawal blockades are textbook tactics of a scam operation. Its absence from all credible regulatory databases confirms that it operates outside the law, without any oversight or investor protection.

Clients report lost funds, fake support chats, and platforms that simply stop working once money is deposited. The company ignores complaints, legal action, and even formal regulatory warnings — showing complete disregard for consumer rights.

Final advice:

• Do not deposit any money with Velmor.
  
• Avoid all contact with their representatives.
  
• Report them to your local financial authority if approached.
  

Velmor is not a broker. It’s a trap — one that exploits trust to steal your money.