Score

1.51 /10
Danger

Volmax Trade

United States

5-10 years

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

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Score

Regulatory Index0.00

Business Index6.98

Risk Management Index0.00

Software Index4.00

License Index0.00

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Website

Licenses

No valid regulatory information, please be aware of the risk

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

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Warning: Low score, please stay away! 2
Previous Detection : 2024-09-20
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The current information shows that this broker does not have a trading software. Please be aware!

WikiFX Verification

Volmax Trade · Company summary
Key Information Details
Company Name Volmax Trade
Years of Establishment 2-5 years
Headquarters United States
Office Locations N/A
Regulations/Licenses Unregulated
Tradable Assets N/A
Account Types Ultimate, Platinum
Minimum Deposit $100
Leverage N/A
Spread N/A
Deposit/Withdrawal Methods N/A
Trading Platforms N/A
Customer Support Options Phone, Email

Overview of Volmax Trade

Volmax Trade is a company that has been in operation for 2-5 years and is headquartered in the United States. They offer trading services to their clients, providing account types such as Ultimate and Platinum. The Ultimate account requires a minimum deposit of $3000, while the Platinum account has a lower minimum deposit of $100. It is important to note that Volmax Trade operates without regulatory oversight, indicating a lack of valid licenses and regulatory information. This implies a higher level of risk associated with trading through their platform.

In terms of customer support, Volmax Trade can be reached via phone or through email. However, information about their office locations, tradable assets, leverage, spread, deposit/withdrawal methods, and trading platforms is not available. There is no mention of educational content or bonus offerings provided by the company.

As a potential investor, it is crucial to carefully consider the risks associated with trading through an unregulated company like Volmax Trade. While they offer different account types with varying minimum deposits, the absence of regulatory oversight raises concerns about the company's credibility and the security of client funds. It is recommended to conduct thorough research and exercise caution before engaging in any financial transactions with such entities.

basic-info

Regulation

There is no valid regulatory information or licenses mentioned for Volmax Trade. This lack of regulatory oversight poses a significant risk for potential investors. Without regulatory supervision, there is no external authority ensuring compliance with industry standards, investor protection, or the security of funds. As a result, investors should exercise extreme caution when considering engaging with an unregulated entity like Volmax Trade. It is important to note that trading with an unregulated company carries inherent risks, including the potential for fraud, mismanagement of funds, and limited legal recourse in case of disputes. It is highly recommended to thoroughly research and assess the risks before proceeding with any financial transactions with such entities.

Risk Warning

Investing with Volmax Trade poses significant risks as the company operates without any valid regulatory licenses, exposing investors to several disadvantages. The lack of regulatory oversight raises concerns regarding investor protection, fund security, and adherence to industry standards. Moreover, the unavailability or inaccessibility of their website raises doubts about transparency and reliability. Without regulatory supervision, investors may face challenges in resolving disputes or seeking compensation. It is essential to exercise extreme caution and thoroughly research before engaging with an unlicensed entity like Volmax Trade, as regulated alternatives offer greater safeguards and accountability.

Pros and Cons

Volmax Trade offers different account types, including Ultimate and Platinum, providing options for investors with varying capital. The Platinum account has a relatively low minimum deposit requirement of $100, which may be appealing to those with limited funds. Additionally, the company supports the use of expert advisors (EAs), which can be beneficial for traders who prefer automated trading strategies.

One of the major drawbacks of Volmax Trade is the lack of regulatory oversight. Operating without valid licenses raises concerns about the company's credibility and investor protection. The absence of regulatory supervision also means that there are no guarantees regarding fund security, adherence to industry standards, or fair trading practices. Moreover, the unavailability or inaccessibility of their website further raises doubts about the company's reliability and transparency.

Pros Cons
Offers different account types Lack of regulatory oversight
Low minimum deposit for Platinum Concerns about credibility and investor protection
Supports the use of expert advisors (EAs) Absence of guarantees regarding fund security and fair trading practices
Unavailability or inaccessibility of the company's website raises doubts about reliability and transparency
pros

Lack of Website

The Volmax Trade website is inaccessible and therefore the company has limited information regarding leverage, spread, deposit/withdrawal methods, and trading platforms anywhere on the internet. This lack of detailed information significantly hampers the clarity and transparency of the company. Potential investors may find it challenging to make informed decisions without a clear understanding of the available associated costs, and trading conditions. The absence of specific details about leverage, spread, and deposit/withdrawal methods further adds to the ambiguity surrounding the trading experience with Volmax Trade.

Moreover, the lack of information about the trading platforms offered by the company is another concerning aspect. The choice of trading platform can greatly impact the trading experience, and without this information, investors are left uncertain about the quality, functionality, and features of the platforms available through Volmax Trade. This lack of transparency regarding essential trading components raises questions about the company's reputation and commitment to providing a comprehensive and reliable trading environment for its clients.

inaccessible-website

Account Types

Volmax offers two different account types, Ultimate and Platinum. As the website is inaccessible, the available details are as follows:

Ultimate Account:

The Ultimate account is one of the account types offered by Volmax Trade. While specific details regarding leverage, spread, and deposit/withdrawal methods are not provided, it requires a minimum deposit of $3000. The Ultimate account is aimed at investors who are willing to commit a higher capital amount to their trading activities.

Platinum Account:

The Platinum account is another account type available at Volmax Trade. It requires a relatively lower minimum deposit of $100, making it more accessible to traders with limited funds. However, similar to the Ultimate account, leverage, spread, and deposit/withdrawal methods is not provided.

Account Type Ultimate Platinum
Minimum Deposit $3,000 $100

Minimum Deposit

Volmax Trade offers different minimum deposit rates depending on the chosen account type. The Ultimate account requires a higher minimum deposit of $3000, indicating that it is targeted towards investors who are willing to commit a substantial amount of capital. On the other hand, the Platinum account offers a lower minimum deposit requirement of $100, making it more accessible to traders with limited funds. The availability of these varying minimum deposit rates allows potential clients to select an account type that aligns with their financial capabilities and investment goals.

minimum-deposit

Trading Platform

No information is provided about the specific trading platforms available for use by Volmax Trade from the website, but there is evidence of MetaTrader usage.

Customer Support

Volmax offers two customer support options which provide different means of contacting Volmax Trade. Phone support offers the advantage of direct and real-time communication, while email support allows for written correspondence and the convenience of being able to send messages at any time. Customers can choose the method that best suits their needs and preferences when seeking assistance or clarifying any concerns they may have.

Phone Support: Customers can reach Volmax Trade's customer support team by dialing the phone number +1 628 123 4000. This provides a direct and immediate way to contact the company for any inquiries, assistance, or concerns.

Email Support: Another option for customer support is through email communication. Customers can reach Volmax Trade's customer service team by sending an email to brandon@consulting.com. Email support allows for written communication and can be useful for non-urgent queries or when detailed information or documentation needs to be shared.

customer-support

Conclusion

In conclusion, Volmax Trade is a company that has been operating for a period of 2-5 years in the United States. However, it is important to note that the company operates without any valid regulatory licenses, raising significant concerns about its credibility and investor protection. The lack of regulatory oversight means that there are no guarantees regarding fund security, adherence to industry standards, or fair trading practices.

The company provides different account types, including Ultimate and Platinum, with varying minimum deposit requirements, offering options for investors with different capital levels. However, there is no information available about leverage, spread, deposit/withdrawal methods, and trading platforms anywhere on the internet. The unavailability or inaccessibility of the company's website further raises doubts about its reliability and transparency. Overall, investors should exercise extreme caution and carefully evaluate the risks associated with trading with an unregulated entity like Volmax Trade.

FAQs

Q: What is the minimum deposit required for the Ultimate account at Volmax Trade?

A: The minimum deposit for the Ultimate account is $3000.

Q: Does Volmax Trade operate with valid regulatory licenses?

A: No, Volmax Trade operates without valid regulatory licenses.

Q: Are there any specific trading platforms mentioned for Volmax Trade?

A: No, specific trading platforms are not mentioned for Volmax Trade.

Q: What is the customer support contact number for Volmax Trade?

A: The customer support contact number for Volmax Trade is +1 628 123 4000.

Q: Is the website of Volmax Trade easily accessible?

A: No, the website is currently inaccessible.

Q: What are the risks associated with trading through an unregulated company like Volmax Trade?

A: Trading with an unregulated company like Volmax Trade poses risks such as potential fraud, fund mismanagement, and limited legal recourse.

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