Velotrade Review 2026: Rules, Fees, Payouts and Is It Legit?

By the PropRubric Research Team · Last verified: 22 October 2026 · Checked against each firm’s own terms

crypto-first🇭🇰 Hong Kongsince 2025

from $40daily 3–5%max 3–10% staticsplit 80% → up to 90%max funding $200K

8.3PropRubric scoreVisit Velotrade →

Velotrade ranks #1 of 18 crypto-first and on-chain firms on PropRubric's list of the best crypto prop firms. It also appears on the lists of crypto prop firms with static drawdown, on-chain crypto prop firms and free crypto prop firm challenges, trials and competitions.

Velotrade is a crypto-first prop firm run from Hong Kong that publishes every payout with an Arbiscan transaction link and keeps a static maximum drawdown on all three of its plans.

Yes, Velotrade is a legitimate, operating crypto prop firm: its terms name the company and its founders, its payouts settle on a public blockchain, and its rules are on one page, while its Trustpilot rating is withheld after fake reviews were removed. The firm sells three challenge families from $40, and its on-chain payouts prove the transfer and not the capital.

The daily limit is measured at 00:30 UTC on a floor that never moves, and the firm pays 80% to 90% in USDC or USDT on Arbitrum with a cap on the first two payouts. The firm does not list the US as restricted, and its rulebook adds a qualifying-day rule that the marketing lines omit. Compare it with all crypto prop firms PropRubric tracks before you choose.

What is Velotrade?

Velotrade is a crypto prop firm that sells 1-step and 2-step challenges on 104 crypto perpetuals plus forex, stocks, indices and commodities, and pays 80% to 90% of simulated profits in USDC or USDT. Velotrade Re Limited, a company incorporated in Hong Kong in November 2025, operates the funded-trading platform.

Velotrade Management Limited, the trade-finance business the same founders started in 2016, is a separate company whose “$2.5 billion paid out” belongs to invoice financing, not to prop trading.

The founders are Gianluca Pizzituti, the chief executive, and Vittorio De Angelis, the executive chairman, both named on the firm’s About page with their bank careers.

How does Velotrade work?

Velotrade’s cycle has four steps, and each step is set out in the firm’s own rules.

1. Buy a challenge from $5,000 to $200,000 of simulated capital, priced from $40, in one of three families: CLASSIC 1-Step, CLASSIC 2-Step or PRO 1-Step.
2. Pass the profit target of 10% (or 10% then 5% on the 2-step) within the daily limit and the static floor, over at least 5 qualifying days per phase, each closing with realised profit of 0.8% or more.
3. Verify your identity after passing, with a photo ID and a proof of address under three months old, before the funded account is issued.
4. Request a payout 14 days after your first funded trade and after 5 more qualifying days, then weekly, in USDC or USDT on Arbitrum, with a cap of 20 times the fee on the first two payouts.

The step most buyers misread is the fourth, because “on-chain” sounds like proof of real capital, and the next section reads the documents on that point.

Are Velotrade’s on-chain payouts proof that the accounts are real?

No, Velotrade’s Arbiscan links prove that the payouts were paid, not that the accounts trade real capital: every account is simulated, per its terms (§5.1 and §7.1). Velotrade’s payouts page says the proof “relies on the blockchain”; its terms say “all trading occurs in a simulated environment” with “no live trading or real capital”, and PropRubric follows the terms.

The chain shows a USDC or USDT transfer from the firm’s wallet to a trader’s wallet with its amount and time; it cannot show whether any payout request was refused, and the firm may “withhold, delay, or decline” a payout under §5.4(g).

What the chain does change is the audit: CryptoSlate matched 60 published payouts totalling $32,994 to Arbitrum transfers between 30 May and 12 August 2026 in its review of 24 August 2026. The firm’s own page showed a $6,380 payout on a $200,000 account on 18 September 2026 as the largest of the previous 30 days.

What the chain does not change is the firm’s business model, which its how-it-works page describes as “AI-driven hedging and institutional liquidity bridges to mirror selected positions”, a discretionary copy of some positions rather than a live account in the trader’s name.

The chain record still puts Velotrade first among the on-chain crypto prop firms, and the price of that record is the next question.

How much does a Velotrade challenge cost?

Velotrade challenges cost $40 to $1,114, from the $5,000 PRO 1-Step to the $200,000 PRO 1-Step, and the 90% split add-on adds 20% to any fee.

Values from each firm's own pages, checked by PropRubric

One add-on exists, and two price notes apply to the table. The add-on raises the profit split from 80% to 90% for 20% of the challenge fee, bought at checkout, with no time-based scaling in either case.

The first price note is the list price: a site-wide 20% discount was running on the checkout when PropRubric read it, and the “Was” prices above are the ones PropRubric records, because a promotion can end at any time.

The second price note is the refund: fees are non-refundable once you access the platform or place a trade, per §6.2 of the terms, and no fee comes back with a payout.

What does Velotrade cost per $10,000 of funding?

Velotrade costs $111.40 per $10,000 of funding on the $200,000 PRO 1-Step and $160.00 on the $5,000 PRO 1-Step, computed as the fee plus one reset at the same price, plus the 90% add-on where chosen, divided by the account size in $10,000 units.

The PRO plan is the cheapest funding at every size because its floor is the tightest, 3% against the CLASSIC 1-Step’s 7%, and the price buys that floor. The floor is what decides whether the fee is ever recovered, and the rules are the next section.

What are Velotrade’s trading rules?

Velotrade’s trading rules are a daily limit measured at 00:30 UTC, a static maximum drawdown on every plan, no consistency rule, no per-trade cap, and a qualifying-day rule that counts only days closed 0.8% up. The three sections below cover those rules: the drawdown limits, the restrictions and the instruments.

What are Velotrade’s drawdown limits?

Velotrade allows a 4% daily drawdown and a 7% maximum drawdown on the CLASSIC 1-Step, 5% and 10% on the CLASSIC 2-Step, and 3% for each on the PRO 1-Step, all measured on equity. The daily limit sits below the higher of the balance or the equity recorded at 00:30 UTC, and the maximum floor is fixed at the starting balance and “does not trail profits”, per §8.1(c) of the terms.

The static floor is the value that one ranking review gets wrong: propfirmstats.com described an “End-of-Day trailing” floor at PropRubric’s last check, while the firm’s terms and its how-it-works page both say static, with the floor “set at activation and never moved”. A trailing floor and a static floor end accounts on different days, and the difference is worked through on the page about trailing vs static drawdown in crypto prop challenges.

Which trading restrictions does Velotrade have?

PropRubric checks twelve restriction rules at Velotrade, and the firm publishes all twelve.

The qualifying-day rule is the restriction that a “no consistency rule” banner does not mention, and it is the rule most likely to end a fast pass: a trader who hits 10% in two days still needs three more days that each close 0.8% up.

What can you trade at Velotrade, and with how much leverage?

You can trade 104 crypto perpetuals at Velotrade, plus forex, stocks, indices and commodities on the same DXtrade account, at leverage that drops once you are funded.

Leverage falls by half on BTC between the challenge and the funded account, so a position size that passed the evaluation is not available after it. The price feed for every position comes “from Tier-1 exchanges and liquidity providers” with no exchange named, and the firm’s FAQ points to KuCoin USDT perpetuals on TradingView as the closest public comparison.

How do Velotrade payouts work?

Velotrade pays 80% of profits, rising to 90% with the add-on, in USDC or USDT on Arbitrum, weekly on request. The first payout request is available 14 days after the first funded trade and after five qualifying days, and the firm states a payout time within 24 hours of approval.

Three payout conditions apply, and the third is the one to read twice. Firstly, every payout is a full withdrawal of the available balance, with no partial withdrawals. Secondly, the account is halted while the risk team reviews the payout request, a review “generally completed in under 24 hours”. Finally, the review also applies a cap: the first and second payouts are capped at 20 times the fee paid for the challenge, and “any balance exceeding the Payout Cap is forfeited”, per §5.4(f) of the terms; the cap lifts from the third payout.

On the $5,000 PRO 1-Step the cap is $800, so a first payout above 20% of the account loses the excess, and on the $100,000 PRO 1-Step the cap is $11,160, which binds only above 14% of the account at the 80% split.

An Arbiscan hash proves that Velotrade sent that amount to a wallet at that time; it does not show that the funded account traded real capital, which the terms say it did not. How payouts work across the whole class of firms, from the split to the transfer and the terms behind them, is set out on the page about how crypto prop firm payouts work.

Who can trade with Velotrade?

Velotrade publishes no US restriction of its own: Schedule 1 of its terms lists North Korea, Iran, Syria, Cuba, Crimea, Donetsk and Luhansk, and the US is not on it. “Not listed as restricted” is not the same as “accepts US traders”, and the firm’s live payout feed showed US flags on two of the six largest payouts of the previous 90 days at PropRubric’s last check.

Velotrade verifies identity after the evaluation and before the funded account, so a document problem delays funding rather than the purchase, and a second account under a second identity is a breach under §4.3 of the terms.

Is Velotrade legit?

Yes, Velotrade is a legitimate, operating crypto prop firm. The evidence is that its terms name the operating company, its About page names the founders, its payouts settle on Arbitrum with public hashes, and its rules are published on one page. The two cautions PropRubric found beside that evidence are a Trustpilot rating withheld after fake reviews were removed and a payout cap that the marketing pages do not mention.

• Status: active at PropRubric’s last check.
• Operator and jurisdiction: Velotrade Re Limited, incorporated in Hong Kong in November 2025, at 128 Connaught Road Central; Hong Kong law and HKIAC arbitration; the firm’s own risk disclosure calls it unregulated.
• Operating since: November 2025, when Velotrade Re Limited was incorporated in Hong Kong; funded trading launched in 2026; the legacy invoice-financing company was founded in 2016, and the “$2.5 billion paid out” figure on the homepage belongs to that business.
• Payout evidence: an on-chain feed with an Arbiscan link per payout; CryptoSlate’s review of 24 August 2026 matched 60 published payouts totalling $32,994 to Arbitrum transfers and found no payout-denial report; Velotrade is absent from Payout Junction’s 33-firm table.
• Complaint signal: Trustpilot showed “rating unavailable due to a breach of our guidelines” with the notice “We’ve removed a number of fake reviews for this company”, 8 reviews, at PropRubric’s last check; an unsourced Instagram reel calls the firm a scam; Glassdoor’s 2.7 rating is the legacy company’s.
• Contradictions found: the payouts page’s “proof” language against the terms’ “simulated”; “no consistency rule” against the 0.8% qualifying-day rule; a rank-4 review’s “EOD trailing” against the terms’ static floor.
• Named people: Gianluca Pizzituti, chief executive, and Vittorio De Angelis, executive chairman, per the firm’s About page; CryptoSlate’s reviewer, whose byline the saved page does not carry.

A firm’s rules and status change over time, so the last question is what has changed at Velotrade recently.

What has changed at Velotrade?

Velotrade’s change log holds 3 rows since PropRubric’s first check on 29 September 2026, 0 of them firm-side rule changes; the rest are PropRubric’s additions and corrections to its own record. Those rows are the payout cap, the founders’ names and the free-challenge page, which on a re-read showed a contest prize rather than a no-condition offer.

Date	Firm	What changed	Source
8 Oct 2026PropRubric correction	Velotrade	Free offer free/awarded challenges: same risk parameters, 'for profit split and payout cap, the free or awarded challenges are limited' → free challenge as a prize for top players of the free 'Sprint Trading' game; free or awarded challenges have a limited profit split and payout cap	velotrade.com
30 Sep 2026PropRubric addition	Velotrade	People not recorded → Gianluca Pizzituti (CEO), Vittorio De Angelis (Executive Chairman)	velotrade.com
30 Sep 2026PropRubric addition	Velotrade	Payout · cap not recorded → first and second payouts capped at 20× the challenge fee; excess forfeited (terms §5.4(f), updated 1 Jul 2026)	velotrade.com

3 logged changes at Velotrade

Every change at every firm, with the same columns, is in the log of crypto prop firm rule changes.

What are the alternatives to Velotrade?

Three firms differ from Velotrade on its weakest attributes, the qualifying-day rule and the cap on the first two payouts, and each card names the difference.

• Propr: no minimum trading days, no payout cap and a $20 minimum, USDC paid on chain on demand, from $25; a British Virgin Islands firm whose 1-step floors are static and whose 2-step floor trails.
• Breakout: no minimum trading days, no payout cap, USDC on Ethereum on demand from $50 of profit, from $20; a Delaware evaluation company under Kraken’s ownership with static floors on every standard plan.
• Kraken Prop: the same programme as Breakout sold inside Kraken Pro, paid into a Kraken wallet in USD or USDG, from $20; no API and no Canada, India or UK.

Velotrade ranks first among the best crypto prop firms on PropRubric’s five criteria, set out in how PropRubric verifies crypto prop firm rules, and the cards above are where its two weak attributes are absent.