what's Velotrade?

Velotrade is a Hong Kong-based crypto proprietary trading firm that provides traders with access to funded accounts up to $200,000 after passing a challenge-based evaluation. Traders pay a one-time fee to enter the challenge, aiming to achieve profit targets while respecting risk rules like maximum daily drawdown (e.g., 5%), overall drawdown limits, and position sizing caps. Successful traders then operate simulated crypto perpetual futures accounts with the firm's capital, benefiting from up to 6x leverage on BTC/ETH, AI-driven hedging, institutional liquidity, no consistency rules, news trading allowance, and weekend holds. Profits are split up to 90% to the trader, with on-demand payouts in USDC/USDT. Founded by ex-derivatives traders from JPMorgan, Dresdner Kleinwort, and Bank of America—who previously ran a fintech platform processing $2.5B in trade finance—Velotrade Re Limited adapts institutional risk management to crypto. The model emphasizes transparency with simple one-page rules, no hidden fees or traps, and focuses on disciplined performance in a simulated environment to mitigate personal capital risk.

Velotrade is a crypto prop firm founded by ex-JPMorgan and Dresdner Kleinwort traders.