Is VolumeFX Scam or Legit Broker? 

VolumeFX is not a secure Forex broker since it does not hold a license from any worldwide serious Forex authority. Meaning the broker is suspected of being a fraud company as it was not checked for its compliance before establishment, was never monitored in terms of its safety, and simply may operate the business in any way it wishes.

About VolumeFX
🗺️ Registered inSt. Vincent and the Grenadines
🗺️ Type of LicenseOffshore License
🛡️ Is VolumeFX safe to tradeNo
🗺️ Recommended LicensesFCA in UK 🇬🇧 & ASIC in Australia 🇦🇺
🖥 Alternative BrokerGO Markets - licensed by ASIC in Australia

What is VolumeFX?

VolumeFX is an offshore broker that offers to trade in Forex, Crypto, CFDs, Stocks, Commodities, and Indices. The company is owned and operated by VolumeFX Ltd., based in St. Vincent & the Grenadines. There is no information about broker's regulation, which could be the biggest concern, as unregulated entities have no legal rights to provide financial services.

  • Also, St. Vincent & the Grenadines location doesn't mean the broker is regulated there as we have already mentioned that St. Vincent & the Grenadines Financial Services Authority has announced that it does not issue any licenses for forex trading or brokerage nor does it regulate, monitor, supervise or license international companies, which engage in such activities.
  • Considering all the mentioned facts, we don’t recommend investing in VolumeFX. There are a lot of other well-regulated brokers to do business with. Regulated brokers are obliged to follow stringent rules, including reporting, keeping all clients' funds in segregated accounts, providing traders with a negative balance protection, and maintaining a certain minimum of operational capital.

VolumeFX - official website

VolumeFX Review Conclusion

We don't recommend investing with VolumeFX. Investing with a properly regulated broker is essential for the safety of any investment. Here are some reliable regulators: UK’s FCA, the Cyprus Securities and Exchange Commission (CySEC), and the Australian Securities and Investments Commission (ASIC). Also, it is advisable to make your own research before signing with a broker and pick a tightly regulated broker such as FXTM and XM


VolumeFX Update

Based on our research, the VolumeFX website is inactive. This means the broker has muted its trading offering and does not operate. However, we recommend avoiding and staying alert in case of any proposals. 

No news available.

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