Abstract:October 13, 2021 (Sydney): The Australian financial technology company, FinClear, today announced that it will provide third-party clearing services to global broker-dealer Velocity Trade.
October 13, 2021 (Sydney): The Australian financial technology company, FinClear, today announced that it will provide third-party clearing services to global broker-dealer Velocity Trade.
FinClear CEO David Ferrall said the deal, FinClears first new third party clearing client post its recent acquisition of Pershing Australia, would present a number of synergies to both firms.
“Velocity is a global firm with great businesses and relationships in markets around the world,” he said. “We‘re delighted to welcome them aboard, and I’m sure that our two businesses will find plenty of mutual value as our relationship develops.”
Velocity Trade Managing Director and Head of APAC, Spencer Davey, said FinClears reputation and breadth of services were a good fit for the business, which previously used UBS for its third-party clearing.
“FinClear has a well-established reputation in this market, and has also been very approachable and flexible in working with us to achieve our needs,” he said. “We are really looking forward to working with the team.”
Established in 2015, FinClear offers a range of financial services technology solutions to clients from boutique financial advice practices to Australias largest banks. The company counts among its investors Magellan Financial Group and leading VC firm King River Capital, and acquired Pershing Australia in June 2021.
T4Trade, established in 2021 and regulated by the FSA in the Seychelles, allows trading on a modest portfolio of over 300 instruments, spanning forex, metals, indices, commodities, futures, and shares, all accessible via the popular MetaTrader 4 and their proprietary WebTrader platforms. Notably, T4Trade offers a zero-commissions pricing model where both floating and fixed spreads are offered on its MetaTrader—flexible leverage up to 1000:1 to increase trading flexibility. T4Trade also introduces a copy trading service called “TradeCopier”, which enables traders who lack experience or time to join in the markets by copying the trades of seasoned professionals.
GQFX Trading review 2025: Unregulated broker with poor ratings. Learn why trading with GQFX is risky and unsafe for your investments.
This article evaluates the broker from multiple dimensions, including a basic introduction, fees, safety, account opening, and trading platforms.
This article evaluates the broker from multiple dimensions, including a basic introduction, fees, safety, account opening, and trading platforms.