Score

1.19 /10
Danger

Voyage Markets

Cayman Islands

1-2 years

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

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Time Machine
Website

Score

Regulatory Index0.00

Business Index4.56

Risk Management Index0.00

Software Index4.00

License Index0.00

Time Machine
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

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Broker Information

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Company Name

Voyage Markets SPC

Company Abbreviation

Voyage Markets

Platform registered country and region

Cayman Islands

Company website

Company summary

Pyramid scheme complaint

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Warning: Low score, please stay away!
Previous Detection : 2024-12-26
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

WikiFX Verification

Voyage Markets · Company summary
Aspect Information
Company Name Voyage Markets
Registered Country/Area Cayman Islands
Founded year 2023
Regulation Unregulated
Market Instruments Forex pairs, cryptocurrencies, commodities, indices
Account Types N/A
Minimum Deposit N/A
Maximum Leverage N/A
Spreads N/A
Trading Platforms N/A
Customer Support support@voyagemarkets.net

Overview of Voyage Markets

Voyage Markets, established in 2023 in the Cayman Islands, offers a broad spectrum of trading assets, spanning Forex pairs, cryptocurrencies, commodities, and indices.

Despite its asset diversity, the platform grapples with significant drawbacks, including technical glitches impairing trading experiences and a conspicuous lack of regulatory oversight, leaving traders vulnerable to potential risks.

Moreover, its operational transparency remains questionable, fueling skepticism among users regarding the platform's legitimacy.

While Voyage Markets presents an enticing array of trading options, its operational shortcomings and regulatory ambiguity cast a shadow over its credibility and reliability in the trading landscape.

Overview of Voyage Markets

Regulatory Status

Voyage Markets operates without regulation from any authority.

This lack of oversight raises risks about investor protection and market stability. Without regulation, there's a risk of fraudulent activities, market manipulation, and inadequate disclosure of information. Investors may face higher chances of financial losses due to the absence of safeguards and accountability measures. Additionally, the overall credibility and trustworthiness of Voyage Markets could be compromised, potentially deterring investors and hindering market growth.

Pros and Cons

Pros Cons
Wide range of trading assets including over 40 major and minor Forex pairs, cryptocurrencies, spot gold, spot silver contracts, and popular indices Technical issues affecting trading experience
User-friendly trading platform (CXTrader) Lack of transparency in operations
Limited customer support options
Negative user reviews
Unregulated

Pros

  • Wide range of trading assets: Voyage Markets offers a wide selection of trading assets, including over 40 major and minor Forex pairs, cryptocurrencies, spot gold, spot silver contracts, and popular indices.

  • User-friendly trading platform: The trading platform CXTrader provided by Voyage Markets is designed to be intuitive and easy to use. With its user-friendly interface and navigational features, traders can quickly execute trades, analyze market data, and manage their accounts with ease.

Cons

  • Technical issues affecting trading experience: Users have reported encountering technical issues while using the Voyage Markets platform. These issues include login difficulties, frequent crashes, and disruptions due to server maintenance.

  • Lack of transparency in operations: Some users have expressed risks about the lack of transparency in Voyage Markets' operations.

  • Limited customer support options: Traders have mentioned the limited availability of customer support options via email when encountering issues or needing assistance on the Voyage Markets platform.

  • Negative user reviews: Negative user reviews highlight dissatisfaction and risks raised by traders regarding their experiences with Voyage Markets.

  • Unregulated: Voyage Markets operates without regulation from any financial authority. The absence of regulatory oversight raises risks about investor protection, market integrity, and compliance with industry standards.

Market Instruments

Voyage Markets offers a wide range of trading assets.

With over 40 major and minor Forex pairs available, traders have ample opportunities to engage in currency trading and explore different market dynamics. The fully simulated environment provided closely mimics live market conditions, allowing traders to implement their strategies with confidence.

CRYPTO CFDs

For those interested in cryptocurrency trading, Voyage Markets offers CRYPTO CFDs, allowing traders to access leading cryptocurrencies with low spreads. This enables investors to capitalize on the volatility and potential gains in the crypto market without directly owning the underlying assets.

COMMODITIES & METALS

Traders looking to diversify their portfolios can trade spot gold and spot silver contracts against the US dollar with tight spreads on Voyage Markets' raw account. This provides exposure to precious metals, allowing investors to hedge against inflation or geopolitical uncertainties.

INDICES

Voyage Markets also offers the opportunity to trade popular indices with competitive spreads across cash Indices like the UK 100 and S&P 500. This allows investors to speculate on the performance of major stock indices, reflecting broader market trends and sentiments.

Market Instruments

Trading Platform

The trading platform offered by Voyage Markets, CXTrader, provides access to a range of popular instruments in select markets within a simulated, virtual environment. It collaborates with trusted providers to facilitate simulated trading across Forex, Commodities, Indices, and Cryptocurrencies.

Key features of the platform include:

  1. Award-winning Trading Platforms: CXTrader boasts recognition for its trading platforms, indicating a level of reliability and functionality.

  2. Risk Management Tools: The platform offers tools to manage risk, which is crucial for traders to protect their investments and navigate volatile market conditions effectively.

  3. Average Execution Speeds Under 40ms: With average execution speeds under 40 milliseconds, traders can expect relatively fast order processing, enabling timely responses to market movements.

  4. Low Latency: Low latency ensures minimal delays in executing trades, enhancing the overall trading experience and potentially reducing slippage.

CXTrader is accessible across multiple platforms, including Windows, Android, and iOS/macOS.

Trading Platform

Customer Support

Voyage Markets exclusively offers customer support via email at support@voyagemarkets.net.

This ensures that traders can reach out for assistance conveniently and receive prompt responses to their inquiries. Whether traders have questions regarding trading, technical issues, or account management, they can rely on the dedicated support team to provide timely assistance through email communication.

Customer Support

Exposure

User reviews of Voyage Markets highlight recurring issues with platform reliability and stability, significantly impacting traders' experiences.

Complaints mention difficulties logging in, frequent crashes, and server maintenance interruptions, leading to missed trading opportunities and financial losses. These risks suggest potential challenges with the platform's infrastructure and technical support. Such negative user experiences can erode trust in the platform and deter both existing and prospective traders. Additionally, the inability to execute trades promptly due to technical issues may hinder traders' ability to capitalize on market opportunities effectively.

Exposure

Conclusion

In conclusion, Voyage Markets presents a mixed bag of advantages and disadvantages.

While offering a wide range of trading assets, including Forex pairs, cryptocurrencies, commodities, and indices, the platform faces significant drawbacks such as technical issues, regulatory ambiguity, and limited customer support.

Traders may encounter challenges navigating the platform due to operational deficiencies and a lack of transparent information. Despite these risks, the platform's asset variety and user-friendly interface may appeal to some traders seeking market diversity.

However, addressing operational shortcomings and enhancing regulatory compliance are crucial steps for Voyage Markets to improve trust and credibility among traders in the competitive trading landscape.

FAQs

Question: What trading assets are available on Voyage Markets?

Answer: Voyage Markets offers a variety of assets including Forex pairs, cryptocurrencies, commodities, and indices.

Question: Is Voyage Markets regulated?

Answer: No, Voyage Markets operates without regulation from any financial authority.

Question: How can I contact customer support?

Answer: Customer support is primarily available through email at support@voyagemarkets.net.

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User Reviews

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User comment

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Comments

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PIPSGOD
6-12months
Its seems fishy. Am in profit and can't login to close trades .The site keeps crashing
Its seems fishy. Am in profit and can't login to close trades .The site keeps crashing
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2024-03-05 00:39
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Tony9244
6-12months
Trash ass platform. Don’t ever run with these guys earlier today. I had a trade opened before 5 AM while trading gold and I was in profiting before I could even take the profit. The server went down, and when I tried signing in, I couldn’t, and it was loading and loading and then later on it says That they were in “maintenance”. When I signed back in after the whole process was over, I look at the balance and it says I’m in a drawdown of 4k+ What a disgrace.
Trash ass platform. Don’t ever run with these guys earlier today. I had a trade opened before 5 AM while trading gold and I was in profiting before I could even take the profit. The server went down, and when I tried signing in, I couldn’t, and it was loading and loading and then later on it says That they were in “maintenance”. When I signed back in after the whole process was over, I look at the balance and it says I’m in a drawdown of 4k+ What a disgrace.
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2024-03-02 07:32
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