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Volmax -

Score

1.40 /10
Danger

Volmax

Australia

2-5 years

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

https://www.volasia.com

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Comparison

Quantity 3

Exposure

Open Account
Website

Score

Regulatory Index0.00

Business Index6.17

Risk Management Index0.00

Software Index4.00

License Index0.00

Open Account
Website

Licenses

No valid regulatory information, please be aware of the risk

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

open now

Broker Information

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Company Name

Volmax Group Limited

Company Abbreviation

Volmax

Platform registered country and region

Australia

Company website

Company summary

Pyramid scheme complaint

Expose

Check whenever you want

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Warning: Low score, please stay away!
Previous Detection : 2025-01-24
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

WikiFX Verification

Exposure

3 pieces of exposure in total
Pyramid scheme complaint
Expose
Volmax · Company summary

Note: Volmax's official website: http://www.volasia.com/index.html is normally inaccessible.

Volmax Information

Volmax is an unregulated brokerage company registered in Australia. While the broker's official website has been closed, so traders cannot obtain more security information.

Volmax Information

Is Volmax Legit?

Volmax is authorized and regulated by the Australia Securities & Investment Commission(ASIC), the current status is Revoked, which will increase trading non-compliance and reduce traders investment security. Caution is advised when dealing with the company.

Is Volmax Legit?
Is Volmax Legit?

Downsides of Volmax

  • Unavailable Website

Volmax's website is inaccessible, raising concerns about its reliability and accessibility.

  • Lack of Transparency

Since Volmax does not explain more transaction information, especially regarding fees and services, this will bring huge risks and reduce transaction security.

  • Regulatory Concerns

The ASIC regulates Volmax. However, the Revoked status is less safe than a regulated one.

  • Withdrawal Difficulty

According to a report on WikiFX, a few users encountered significant difficulties with fund withdrawals. The issue remained unresolved despite the request being pending for a long time.

Negative Volmax Reviews on WikiFX

On WikiFX, “Exposure” is posted as a word of mouth received from users.

Traders must review the information and assess risks before trading on unregulated platforms. Please consult our platform for related details. Report fraudulent brokers in our Exposure section and our team will work to resolve any issues you encounter.

Negative Volmax Reviews on WikiFX

Currently, there are 3 pieces of Volmax exposure in total.

Exposure. Cannot withdraw

ClassificationUnable to Withdraw
Date2023
Post CountryHong Kong, China

You may visit: https://www.wikifx.com/en/comments/detail/202307091372861153.html https://www.wikifx.com/en/comments/detail/202307082642759228.html.

Conclusion

Volmax Since the official website cannot be opened, traders cannot get more information about security services. In addition, the Revoked status indicates that the broker's trading risks are high. Traders can learn more about other brokers through WikiFX. Information improves transaction security.

User Reviews

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User comment

3

Comments

Write a review

Superstars
more than one year
Volmax has been a frustrating experience. Unable to withdraw funds, login issues with the member and transaction systems, and a closed official website. The FX number feels like a secret code. The recommender mentioned a software change, adding more confusion. While the problems were eventually resolved, it's been a rollercoaster. Approach with caution if you value your money and sanity.
Volmax has been a frustrating experience. Unable to withdraw funds, login issues with the member and transaction systems, and a closed official website. The FX number feels like a secret code. The recommender mentioned a software change, adding more confusion. While the problems were eventually resolved, it's been a rollercoaster. Approach with caution if you value your money and sanity.
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2023-12-12 18:58
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FX1482523789
more than one year
Hey folks, I wanted to share my thoughts on Volmax, a broker from Australia. They offer a bunch of cool trading instruments, and their TradingView platform is pretty slick, I gotta say. But here's the catch, guys - their NFA license is unauthorized! That got me a bit worried about the whole regulatory thing, you know? Like, safety first, right? I'd say, do your homework before jumping in. Check out their regulatory status, read reviews, and make sure you're comfortable with the risks involved.
Hey folks, I wanted to share my thoughts on Volmax, a broker from Australia. They offer a bunch of cool trading instruments, and their TradingView platform is pretty slick, I gotta say. But here's the catch, guys - their NFA license is unauthorized! That got me a bit worried about the whole regulatory thing, you know? Like, safety first, right? I'd say, do your homework before jumping in. Check out their regulatory status, read reviews, and make sure you're comfortable with the risks involved.
Translate to English
2023-07-26 18:02
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0
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3