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Australia|2-5 years|
Regulated in Australia|Appointed Representative(AR)|MT4/5 White Label|Regional Brokers|United States Common Financial Service License Unauthorized|Suspicious Overrun|Medium potential risk|


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VolmaxGroup-Server MT5
Server Location South Korea



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Broker Information


Company Name

Volmax Group Limited

Company Abbreviation


Platform registered country and region


Company website

Pyramid scheme complaint


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WikiFX Risk Alerts 2
Previous Detection : 2024-02-25
  • United StatesNFA (license number: 0546358) The regulatory status is abnormal, the official regulatory status is Unauthorized. Please be aware of the risk!
  • This broker exceeds the business scope regulated by United States NFA(license number: 0546358)National Futures Association-UNFX Non-Forex License. Please be aware of the risk!

WikiFX Verification

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Volmax · Company Summary

General Information

Volmax Review Summary in 10 Points
Founded 2019
Registered Country/Region Australia
Regulation NFA (Unauthorized)
Market Instruments Indices, stocks, cryptocurrencies, forex, futures, bonds, world economy
Demo Account Available
Leverage N/A
EUR/USD Spread 1.1 pips
Trading Platforms TradingView
Minimum Deposit N/A
Customer Support Email:

What is Volmax?

Volmax is a multi-asset broker registered in Australia, claiming to offer diverse trading instruments with different investment plans on TradingView platform. However, the regulatory status of United States NFA (license number: 0546358) is unauthorized. Please be aware of the risk!

Volmax's home page

In the following article, we will analyze the characteristics of this broker from various aspects, providing you with simple and organized information. If you are interested, please read on. At the end of the article, we will also briefly make a conclusion so that you can understand the broker's characteristics at a glance.

Pros & Cons

Pros Cons
• Diverse trading instruments • Unauthorized NFA license
• Multiple investment plans • Website is only supported by English and Chinese Traditional
• Demo accounts available • Unclear commission structure
• Only crypto payments offered
• Reports of withdrawal issues
• No MT4/5
• Only email support

Volmax Alternative Brokers

There are many alternative brokers to Volmax depending on the specific needs and preferences of the trader. Some popular options include:

  • UFX - a user-friendly trading platform suitable for beginners, offering a wide range of assets, but it's essential to carefully review fees and trading conditions before using the service.

  • Darwinex - an innovative social trading platform that allows traders to become strategy providers and investors to follow these strategies, making it a great option for those interested in copy trading and connecting with other traders.

  • XGLOBAL Markets - provides competitive trading conditions, including tight spreads and fast execution, making it a suitable choice for experienced traders looking for a reliable and efficient trading environment.

Ultimately, the best broker for an individual trader will depend on their specific trading style, preferences, and needs.

Is Volmax Safe or Scam?

Volmax claims to offer negative balance protection, segregated and supervised client funds. However, it currently has no valid regulation. Their United States National Futures Association (NFA, No. 0546358) license is unauthorized. And there are several reports of unable to withdraw.This could indicate potential liquidity problems or unethical practices by the company.

unauthorized NFA license

It is advisable to exercise extreme caution when dealing with Volmax. Investing or trading with an unregulated or suspicious entity poses significant risks, including the possibility of losing your funds with limited recourse. To assess the safety of any financial service provider, it is crucial to check for valid regulatory licenses, read reviews and feedback from other users, and conduct thorough research.

Market Instruments

Volmax offers a diverse range of trading instruments across various asset classes. In the realm of equities, clients can access a wide selection of individual stocks, allowing them to invest in specific companies.

US stocks
world stocks

Additionally, Volmax offers trading opportunities in global indices, providing exposure to the performance of multiple stocks from different regions.


For those interested in the cryptocurrency market, Volmax facilitates trading in popular digital assets like Bitcoin, Ethereum, and others.


The platform caters to forex traders by offering a wide range of currency pairs to trade.


For those interested in commodities, Volmax provides access to futures contracts on products like gold, oil, and agricultural commodities.


Furthermore, traders can engage in bond trading, allowing them to invest in government or corporate debt securities.


Lastly, Volmax offers instruments related to the world economy, possibly including options, ETFs, and other financial products tied to macroeconomic indicators.

world economy

Investment Plans

Volmax offers a range of investment plans tailored to cater to various levels of investors. The Basic plan serves as an entry-level option. However, the main focus is on the Pro, Pro+, and Premium plans. These three plans can be opened for free as a trial for 30 days, allowing users to explore the platform's features and benefits before committing.

Investment Plans

The Pro plan is priced at $14.95 per month (or $12.95 per month when billed annually), providing intermediate-level features. The Pro+ plan, priced at $29.95 per month (or $24.95 per month when billed annually), offers more advanced tools and capabilities. For investors seeking a comprehensive experience, the Premium plan, at $59.95 per month (or $49.95 per month when billed annually), provides a top-tier package with premium features and analysis.

Investment Plans (monthly)
Investment Plans (annually)

Additionally, professional subscribers have access to the Ultimate plan, which comes at a cost of $499.95 per month, offering an extensive range of resources and services.

Ultimate plan

Before choosing any plan, potential users should conduct thorough research and consider their investment needs and preferences.

Spreads & Commissions

Volmax offers variable spreads on different trading instruments, and the spread for EUR/USD is approximately 1.1 pips. Variable spreads mean that the spread can fluctuate based on market conditions and liquidity. Traders can find live spreads for various trading instruments on Volmax's website.

However, it is worth noting that Volmax does not disclose any information regarding commissions. Commissions may be charged separately on certain trades or accounts, but without specific details, it's challenging to determine the exact commission structure. As commissions can significantly impact trading costs, it's essential for potential users to inquire further about commission rates and any other hidden fees before committing to the platform. Transparency in fees and charges is crucial for traders to make informed decisions and assess the overall cost of trading with Volmax.


Below is a comparison table about spreads and commissions charged by different brokers:

Broker EUR/USD Spread Commission
Volmax 1.1 pips N/A
Darwinex 0.5 pips $5 per lot
XGLOBAL Markets From 0.2 pips No (Std)

Note: The information presented in this table may be subject to change and it is always recommended to check with the broker's official website for the latest information on spreads and commissions.

Trading Platforms

Volmax provides a variety of trading platforms to accommodate different user preferences and devices. Traders can access the markets using TradingView, a popular and user-friendly platform available for Windows, macOS, Linux, and as mobile apps for both iOS and Android devices.


TradingView offers comprehensive charting tools, technical analysis indicators, and real-time market data to assist traders in making informed decisions. Additionally, Volmax offers a web-based trading platform accessible through a browser, allowing users to trade from any internet-connected device without the need to download or install software. The platform likely provides a seamless and intuitive trading experience, enabling users to execute trades, monitor their positions, and access account information conveniently.


Overall, Volmax's trading platforms are well-designed, user-friendly, and offer a range of advanced features suitable for both beginner and experienced traders.

See the trading platform comparison table below:

Broker Trading Platform
Volmax TradingView
Darwinex MT4/5
XGLOBAL Markets MT4/5

Deposits & Withdrawals

Volmax allows users to fund their accounts and make withdrawals using cryptocurrencies. Accepted cryptocurrencies for deposits and withdrawals include Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH), Litecoin (LTC), and Dogecoin (DOGE). However, it's important to note that cryptocurrency payments are specifically available for the annual paid plans.

Volmax minimum deposit vs other brokers

Volmax Most other
Minimum Deposit N/A $100

Similarly, when it's time to withdraw funds, users can request withdrawals in the form of the supported cryptocurrencies. This cryptocurrency-focused deposit and withdrawal system may appeal to traders who prefer using digital assets for their transactions due to the speed and security advantages cryptocurrencies offer. It is advisable for users to review the specific terms and conditions related to deposits and withdrawals, including any associated fees and processing times, before engaging in transactions on the Volmax platform.

User Exposure on WikiFX

On our website, you can see that reports of unable to withdraw. Traders are encouraged to carefully review the available information and consider the risks associated with trading on an unregulated platform. You can check our platform for information before trading. If you find such fraudulent brokers or have been a victim of one, please let us know in the Exposure section, we would appreciate it and our team of experts will do everything possible to solve the problem for you.

User Exposure on WikiFX

Customer Service

Volmax appears to offer a range of customer service options to assist users with their inquiries and support needs. Users can reach out to the broker's customer support team through email at, providing a direct channel for personalized assistance. Additionally, Volmax offers an FAQ section and Help Center, likely containing detailed information and answers to common questions, enabling users to find solutions independently.

Help Center

The presence of customer support on various social media platforms like Telegram, TikTok, Twitter, Facebook, Instagram, YouTube, and LinkedIn allows users to stay updated on the latest developments and announcements. It also provides an additional communication channel for users to seek support and engage with the Volmax community.


In conclusion, Volmax is an offshore broker offering a diverse range of trading instruments and investment plans on the TradingView platform. However, it is crucial to be aware that their United States NFA license (license number: 0546358) is unauthorized, raising concerns about their regulatory status and potential risks for investors.

As with any financial service provider, it is essential for prospective clients to conduct thorough research, verify the company's regulatory compliance, read reviews, and assess the risks involved before engaging with Volmax or making any investment decisions. Traders should exercise caution and make informed choices to ensure the safety of their investments and financial well-being.

Frequently Asked Questions (FAQs)

Q 1: Is Volmax regulated?
A 1: No. Their United States National Futures Association (NFA, No. 0546358) license is unauthorized.
Q 2: Does Volmax offer demo accounts?
A 2: Yes. The Pro, Pro+ and Premium investment plans can be opened for free for 30 days.
Q 3: Does Volmax offer the industry leading MT4 & MT5?
A 3: No. Instead, it offers TradingView.

Q 4: Is Volmax a good broker for beginners?
A 4: No. It is not a good choice for beginners. Not only because of its unauthorized NFA license, but also because of its negative reviews from their clients.

Risk Warning

Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.

User Reviews

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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.
2023-12-12 18:58
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.
2023-07-26 18:02
more than one year
I am very happy to share my opinion on Volmax with you. I have been trading with it for more than three months, and everything is satisfactory so far. But if you want to trade, you should pay attention, this company does not provide Chinese services, only English. But if your English level allows, I really recommend you to try~
2022-12-14 17:07
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