Velotrade

Velotrade is a multi-asset proprietary trading firm offering funded accounts of up to $200,000 across cryptocurrencies, forex, single stocks, indices, and commodities. Operated by Velotrade Re Limited, the firm allows traders to qualify through single-phase or two-phase simulated evaluations on the DXtrade platform, retaining between 80% and 90% of trading gains.

Leadership and institutional background

Velotrade Re Limited was incorporated in Hong Kong in November 2025 and launched its proprietary trading evaluations in March 2026. The firm was established by Gianluca Pizzituti, who serves as Chief Executive Officer, and Vittorio De Angelis, who serves as Executive Chairman. Pizzituti previously handled derivatives trading at Dresdner Kleinwort in London before setting up a proprietary high-frequency trading firm in Singapore. De Angelis built his career handling equity derivatives across several investment banks, working in London for JP Morgan, Bank of America, and Dresdner Kleinwort before leading brokerage operations for an international firm based in Hong Kong. The founders previously established Velotrade Management Limited in 2016, an invoice financing platform that disbursed over $2.5 billion in corporate trade finance.

Evaluation mechanics and trading rules

Traders can select between three primary evaluation models: the Classic 1-Step, the Classic 2-Step, and the Pro 1-Step. The Classic 1-Step requires a 10% target with a 4% daily loss limit and a 7% static drawdown. The Classic 2-Step splits targets into 10% for phase one and 5% for phase two, with a 5% daily limit and a 10% static drawdown. The Pro 1-Step uses tighter risk parameters, featuring a 10% target with 3% daily loss and 3% static drawdown limits. Unlike trailing drawdown models that track unrealized intraday equity peaks, Velotrade calculates drawdown as a static floor from initial account balances. The firm enforces no consistency rules or maximum lot sizes, permits weekend holding, allows news event trading, and provides direct API access for algorithmic trading bots.

Pricing, payouts, and compliance

Evaluation fees start at $40 for Pro 1-Step challenges and range up to $67 for entry-tier Classic 1-Step accounts before promotional discounts. Challenge fees are one-time and non-refundable. Accounts default to an 80% split on gains, which can be upgraded to 90% for an additional 20% surcharge on the initial fee. All payouts are disbursed in USDC and USDT on the Arbitrum network, where transactions can be checked directly on Arbiscan.

Risks and structural trade-offs

Simulated challenge fees are non-refundable, and rule breaches such as hitting the daily loss or maximum static drawdown thresholds lead to immediate account termination without refund. Velotrade is an evaluation service rather than a financial brokerage, meaning participants have no statutory deposit protection or ombudsman recourse. Traders must also navigate local tax and conversion fees when cashing out Arbitrum stablecoins into fiat currency.