Volmax Group Limited is a foreign exchange broker registered in Australia in 2022, mainly providing investors with foreign exchange and futures trading services. The company's official website supports traditional Chinese and English as the language of use. In addition, the account registration link of Volmax Group Limited's official website cannot be used normally.
Company background:
Although the company incorporation information is not provided on the Volmax Group Limited website, a query on the Australian Securities and Investments Commission (ASIC) website shows that the company is incorporated in Australia. In addition, the domain name registration information of the website queried by Whois shows that the company's official website domain name was registered on December 06, 2019, and the domain name registration time has been more than 3 years ago.
Account Registration:
Although the official website of Volmax Group Limited provides a real account registration link, the real account registration link cannot be used normally.
Account Type:
Volmax Group Limited's website does not provide information on the type of trading account.
Trading Products:
According to the official website of Volmax Group Limited, the company provides foreign exchange and futures trading services for investors. In addition, although the official website of Volmax Group Limited provides some foreign exchange trading products, the official website of Volmax Group Limited does not provide all trading products covered by foreign exchange and futures. It also does not provide commissions, spreads, minimum trading units, maximum trading units, overnight interest and other information for all trading products.
Margin ratio:
The official website of Volmax Group Limited does not provide margin (leverage) ratio information for all trading products covered by foreign exchange and futures.
Trading Hours:
The official website of Volmax Group Limited does not have trading hours information for all trading products covered by Forex and futures.
Deposits and Withdrawals:
Although Volmax Group Limited provided a deposit and withdrawal link, the link still does not work properly after opening.
Trading Software:
According to Volmax Group Limited's website, the company's trading software for investors is available on computers (Winodws/MacOS) and mobile phones (IOS/Android). However, the website of Volmax Group Limited shows the address to download the trading software as www.volmaxfx.com, and the domain name of the company's official website is very similar to www.volmaxfx.com.
Regulatory information:
Volmax Group Limited is regulated or authorised by the National Futures Association (NFA) and holds an Authorised Representative Licence (AR Licence) with the Australian Securities and Investments Commission (ASIC). A search on the National Futures Association (NFA) website shows that the company is not a member of the National Futures Association (NFA) and is not regulated or authorized by the NFA. A search on the Australian Securities and Investments Commission (ASIC) website revealed that while the company holds an Authorised Representative licence (AR licence) with HLK GROUP PTY LTD, the AR licence has weaker regulatory and investor protection. More importantly, HLK GROUP PTY LTD sold Authorized representative licenses (AR licenses) to a number of similar enterprises, such as Volmax Group Limited, which had no connection with HLK GROUP PTY LTD. It is only using the Authorised Representative Licence (AR Licence) purchased from BAILEYHENRY CAPITAL GROUP PTY LTD for publicity purposes.
Summary:
Volmax Group Limited is suspected of fraud. This is despite a query on the Australian Securities and Investments Commission (ASIC) website showing that the company is incorporated in Australia. However, a query on the National Futures Association (NFA) website shows that the company is not a National Futures Association (NFA) member and is not regulated or authorized by the National Futures Association (NFA). A search on the Australian Securities and Investments Commission (ASIC) website revealed that while the company holds an Authorised Representative licence (AR licence) with HLK GROUP PTY LTD, the AR licence has weaker regulatory and investor protection. More importantly, HLK GROUP PTY LTD sold Authorized representative licenses (AR licenses) to a number of similar enterprises, such as Volmax Group Limited, which had no connection with HLK GROUP PTY LTD. It is only using the Authorised Representative Licence (AR Licence) purchased from BAILEYHENRY CAPITAL GROUP PTY LTD for publicity purposes. According to this judgment, Volmax Group Limited is suspected of fraud, and investors should be careful to choose the services provided by the company. TraderKnows reminds you, please pay attention to your property safety, to avoid falling into the fraud trap.
