Global Broker governance & inquiry App

Score

0123456789
.
0123456789
0123456789
/10

VOLTTEX

New Zealand|1-2 years|
Suspicious Regulatory License|Suspicious Scope of Business|Suspicious Overrun|High potential risk|

https://www.volttexltd.com

Website

Rating Index

Contact

+1 5015888885
support@volttexltd.com
https://www.volttexltd.com
Level 15, 55 Shortland Street, Auckland Central, Auckland, 1010, NEW ZEALAND

Licenses

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

Single Core

1G

40G

Open Now

Contact number

English

+1 5015888885

Broker Information

More

Company Name

VOLTTEX MARKETS LIMITED

Company Abbreviation

VOLTTEX

Platform registered country and region

New Zealand

Company website

Pyramid scheme complaint

Expose

Check whenever you want

Download App for complete information

Warning: Low score, please stay away! 3
Previous Detection : 2024-03-04
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The United StatesNFA regulation (license number: 0554312) claimed by this broker is suspected to be clone. Please be aware of the risk!

WikiFX Verification

Users who viewed VOLTTEX also viewed..

XM

9.04
Score
10-15 yearsRegulated in AustraliaMarket Making(MM)MT4/5 full license
Official website

HFM

8.25
Score
10-15 yearsRegulated in CyprusMarket Making(MM)MT4/5 full license
Official website

AUS GLOBAL

7.54
Score
5-10 yearsRegulated in CyprusMarket Making(MM)MT4/5 full license
Official website

Decode Global

8.35
Score
5-10 yearsRegulated in AustraliaMarket Making(MM)MT4/5 full license
Official website
Pyramid scheme complaint
Expose

VOLTTEX · Company Summary

Aspect Information
Registered Country/Area New Zealand
Founded Year Within 1 year
Company Name VOLTTEX MARKETS LIMITED
Regulation No Regulation
Minimum Deposit Not specified
Maximum Leverage Not specified
Spreads Not specified
Commission $30 per hand for XAU/USD
Trading Platforms Metatrader 5 for PC and mobile devices
Tradable Assets Foreign exchange (multiple pairs), XAU/USD (gold)
Account Types Real accounts, Demo accounts
Demo Account Available
Islamic Account Not specified
Customer Support Email: support@volttexltd.com, Phone: +1 5015888885
Payment Methods Bank remittances, Digital money
Educational Tools Market analysis, Transaction security resources

Overview of VOLTTEX

VOLTTEX MARKETS LIMITED, operating under the name VOLTTEX, is a brokerage firm based in New Zealand. However, it is important to note that VOLTTEX is not regulated by any official regulatory agency, making it a risky choice for potential traders. The lack of regulation and suspicious regulatory licenses raise concerns about the legitimacy and credibility of this broker. User reviews on WikiFX also highlight issues such as limited trading product options, difficulties with the trading platform, and inadequate customer support. These factors contribute to doubts about the reliability and trustworthiness of VOLTTEX as a trading platform.

VOLTTEX offers two types of market instruments for trading: foreign exchange pairs and precious metals. The currency pairs available for trading include AUD/CAD, EUR/USD, GBP/JPY, USD/CAD, and others. In terms of precious metals, VOLTTEX provides trading in XAU/USD, representing the exchange rate between gold and the US dollar.

The trading platforms offered by VOLTTEX include Metatrader 5 for both PC and mobile devices. Metatrader 5 is a widely recognized platform in the industry, offering features such as market charts, technical analysis tools, and order placement. The platform aims to provide a stable and advanced foreign exchange trading experience for customers. However, considering the overall concerns surrounding VOLTTEX, it is advisable to exercise caution and carefully evaluate the risks before engaging with this broker.

basic-info

Pros and Cons

VOLTTEX presents a mix of pros and cons for potential users. On the positive side, the platform offers a demo account for practice trading, provides options for depositing funds through various methods, and offers market analysis and transaction security materials to support traders. Additionally, VOLTTEX utilizes the popular Metatrader 5 platform for PC and mobile devices, enabling automated trading and risk management. However, there are significant drawbacks to consider. The platform lacks regulation, possesses a suspicious regulatory license, and operates beyond authorized business scope. There is limited information on account types, spreads, leverage, and specific payment methods. Furthermore, the platform charges a consistent $30 commission per hand for trading XAU/USD, and negative user reviews raise concerns about the platform's reliability and trustworthiness. It is important for users to carefully evaluate these pros and cons before making a decision regarding VOLTTEX.

Pros Cons
Provides demo account No regulation, suspicious regulatory license, and unauthorized business scope.
Offers options for depositing funds, including bank remittances and digital money. Withdrawals processed within 3-5 working days. Limited amount of account types
Provides market analysis and transaction security materials to support traders. Lack of information on spreads and leverage
Utilizes Metatrader 5 for PC and mobile devices, enabling automated trading and risk management. Limited information on specific payment methods
Charges a consistent $30 per hand commission for trading XAU/USD.
Negative user reviews question the reliability and trustworthiness of the platform.

Is VOLTTEX Legit?

VOLTTEX MARKETS LIMITED, as indicated by the information provided, is not regulated by any official regulatory agency. The broker is classified as “Unauthorized” and does not possess a valid license for financial services. The lack of regulation and the warning of a low score suggest that engaging with this institution carries a significant risk. Additionally, the broker seems to exceed the permitted business scope regulated by the United States NFA (license number: 0554312) and lacks a trading software. It is advisable to exercise caution and avoid dealing with this unregulated entity.

regulation

Market Instruments

VOLTTEX offers two types of market instruments: foreign exchange and precious metals.

1. Foreign Exchange: VOLTTEX provides a range of foreign exchange pairs for trading. These currency pairs include AUD/CAD, AUD/NZD, CAD/CHF, CHF/JPY, EUR/CAD, EUR/GBP, EUR/JPY, EUR/NZD, EUR/USD, GBP/CAD, GBP/JPY, GBP/USD, NZD/JPY, USD/CAD, USD/JPY, USD/SGD, AUD/JPY, AUD/USD, CAD/JPY, EUR/AUD, EUR/CHF, EUR/AUD, GBP/CHF, GBP/NZD, NZD/CAD, NZD/USD, and USD/CHF. The transaction hours for these currency pairs are available throughout the day, from 00:00 to 24:00.

2. Precious Metals: VOLTTEX also offers trading in precious metals, specifically XAU/USD, which represents the exchange rate between gold (XAU) and the US dollar (USD).

market-instruments
Pros Cons
Provides a range of foreign exchange pairs and precious metals (XAU/USD) for trading. Limited range of market instruments.
Transaction hours available throughout the day for currency pairs.

Account Types

VOLTTEX offers two types of accounts: Real accounts and Demo accounts. Real accounts are for live trading with actual funds, while Demo accounts are practice accounts for learning and testing strategies without risking real money. These account types cater to different needs and allow users to choose the option that suits their trading objectives.

How to Open an Account?

To open an account with VOLTTEX, follow these steps:

1. Visit the VOLTTEX website and look for the options “Real account” or “Demo account.”

2. Choose the “Real account” option to proceed with opening a live trading account.

open-account

3. Fill in the required information on the registration form. This includes your full name, country of residence, identification number, email address, login password (which should be a combination of letters and numbers and be between 8 and 32 characters long), and confirm the password.

4. Complete the verification code section by entering the code provided. You may need to click on the option to “Get verification code” to receive it.

5. Double-check that all the information entered is accurate.

6. Click on the “Register now” button or a similar prompt to submit your registration.

7. Once you have successfully registered, you can sign in to your VOLTTEX account using the login credentials you provided.

open-account

Commissions

VOLTTEX charges a commission of $30 per hand for trading the XAU/USD product. This commission remains consistent throughout the day, as it applies to transactions conducted between 00:00 and 24:00.

Deposit & Withdrawal

VOLTTEX provides two options for depositing funds: bank remittances and digital money. Deposits made with digital currency are processed immediately, while bank transfers may take 2-3 working days for the funds to be credited, depending on the bank's processing speed. However, third-party deposits are not accepted in compliance with international anti-money laundering regulations. The account holder's name must match the name of the person initiating the money transfer.

To withdraw funds from the trading account, users need to log in to the real account user background and submit a withdrawal application on the platform. The background system will automatically process the withdrawal, and the funds will be remitted to the user's bank account within 3-5 working days. It is crucial to double-check the payment address when withdrawing funds in digital currency to avoid any loss of funds. VOLTTEX does not assume responsibility for any risks resulting from providing incorrect withdrawal information.

There is no specified minimum transaction volume requirement for any trading account. However, if an account remains inactive for more than 12 months, VOLTTEX reserves the right to close it.

Pros Cons
Two deposit options: Allows deposits through bank remittances and digital money. Third-party deposits not accepted due to compliance with anti-money laundering regulations.
Immediate processing for digital currency deposits. Bank transfers may take 2-3 working days for funds to be credited.
Withdrawal application processed within 3-5 working days. Users must provide accurate payment address for digital currency withdrawals to avoid loss of funds.
No specified minimum transaction volume requirement. Inactive accounts may be closed if they remain inactive for more than 12 months.

Trading Platforms

VOLTTEX offers trading platforms that include Metatrader 5 for PC and mobile devices. Metatrader 5 is widely recognized and utilized in the trading industry, chosen by over 70% of brokerage firms and banks from various countries. This platform integrates market charts, technical analysis, and order placement, allowing traders to automate their trading process and reduce the need for constant market monitoring.

The PC download version of Metatrader 5 introduces new features such as the ability to set Stop Loss and Stop Profit levels before executing a trade. It also enables more accurate trading of (micro) board lots to strengthen risk management. Traders have control over closing their positions and can choose the amount they want to close. The software has advantages such as no trading restrictions, real-time monitoring of financial trends, no slippage for displayed prices during trading, and a fully-automatic trading system that eliminates manual intervention. It aims to provide customers with a stable and advanced foreign exchange trading platform. Compatibility is available for Windows, iOS, and Android operating systems.

trading-platform

The mobile application of Metatrader 5 offers similar features to the PC version. Traders can access advanced K line charts, view and manage open positions, track net values, profit and loss, and execute various order types. The mobile platform caters to global users from countries such as the United States, Russia, France, Britain, Japan, and European countries.

trading-platform
Pros Cons
Widely used and recognized trading platform, MT5 No trading restrictions
Integrates market charts, technical analysis, and order placement Real-time monitoring of financial trends
Ability to set Stop Loss and Stop Profit levels No slippage for displayed prices during trading
Fully-automatic trading system that eliminates manual intervention Not available in all countries
Compatible with Windows, iOS, and Android operating systems Mobile platform may not be as feature-rich as the PC version

Educational Resources

VOLTTEX provides educational resources in two main areas: market analysis and transaction security.

In terms of market analysis, VOLTTEX offers educational materials that cover various aspects of spot gold trading. These include resources such as basic knowledge of spot gold, trading notes and notices, and information on the value investment method of spot gold trading.

educational-resources

Regarding transaction security, VOLTTEX emphasizes the safety of customer funds. They state that they are fully authorized and regulated by the NFA in the United States, ensuring that customers' money is protected in a regulatory account. VOLTTEX also highlights that they manage their operations solely with their own capital and do not engage in proprietary trading. They participate in the Financial Services Compensation Plan, which can provide compensation to eligible claimants in case the company is unable to meet its obligations. Additionally, VOLTTEX emphasizes risk management, including margin settings and the automatic closure of positions to protect customers' funds.

educational-resources
Pros Cons
Provides educational materials on spot gold trading. Limited information on other trading instruments.
Emphasizes transaction security and the safety of customer funds. Limited information on advanced trading strategies and techniques.
Fully authorized and regulated by the NFA in the United States. No mention of ongoing educational support or webinars.
Participates in the Financial Services Compensation Plan for eligible claimants. No information on interactive educational resources or mentorship programs.

Customer Support

VOLTTEX MARKETS LIMITED provides customer support services for its clients. They can be contacted through email at support@volttexltd.com or via phone at +15015888885. The company's physical address is located at Level 15, 55 Shortland Street, Auckland Central, Auckland, 1010, New Zealand. VOLTTEX MARKETS LIMITED operates under the authorization and supervision of the National Futures Association (NFA), with the NFA ID: 0554312. For any inquiries or assistance, customers can reach out to the provided contact details.

Reviews

According to user reviews on WikiFX, VOLTTEX is not recommended as a trading platform. Users have expressed dissatisfaction with limited trading product options, difficulties in using the trading platform, and the absence of customer support. One user even mentioned that the regulatory license of VOLTTEX is fake. These negative experiences and concerns shared by users raise doubts about the reliability and trustworthiness of the platform, leading to a lack of confidence in trading with VOLTTEX.

User-reviews

Conclusion

In conclusion, VOLTTEX MARKETS LIMITED lacks official regulation and possesses a suspicious regulatory license. The broker operates outside the permitted business scope regulated by the United States NFA and does not provide a trading software. Engaging with this unregulated entity carries a significant risk, as indicated by the low WikiFX score and warning. While VOLTTEX offers foreign exchange and precious metals trading, users have expressed dissatisfaction with limited product options and difficulties in using the platform. Negative user reviews and doubts about the platform's reliability and trustworthiness further diminish confidence in trading with VOLTTEX.

FAQs

Q: Is VOLTTEX a regulated broker?

A: No, VOLTTEX is not regulated and lacks a valid license for financial services. Engaging with this unregulated entity carries a significant risk.

Q: What market instruments does VOLTTEX offer?

A: VOLTTEX offers foreign exchange pairs and trading in precious metals (specifically XAU/USD, representing gold and the US dollar).

Q: What types of accounts does VOLTTEX provide?

A: VOLTTEX offers real accounts for live trading with actual funds and demo accounts for practice and strategy testing.

Q: How can I open an account with VOLTTEX?

A: To open an account, visit the VOLTTEX website, choose the “Real account” option, fill in the required information on the registration form, and submit your registration.

Q: What are the commissions charged by VOLTTEX?

A: VOLTTEX charges a commission of $30 per hand for trading the XAU/USD product.

Q: What are the deposit and withdrawal options with VOLTTEX?

A: VOLTTEX provides options for depositing funds through bank remittances and digital money. Withdrawals can be made by submitting a withdrawal application on the platform.

Q: What trading platforms are offered by VOLTTEX?

A: VOLTTEX offers the Metatrader 5 platform for both PC and mobile devices, allowing traders to automate their trading process and access various features.

Q: What educational resources does VOLTTEX provide?

A: VOLTTEX provides educational resources on spot gold trading and emphasizes transaction security and risk management.

Q: How can I contact VOLTTEX's customer support?

A: You can contact VOLTTEX's customer support via email at support@volttexltd.com or phone at +15015888885.

Q: Are there any user reviews about VOLTTEX?

A: User reviews on WikiFX raise concerns about limited trading options, difficulties with the trading platform, and lack of customer support, casting doubt on the reliability of VOLTTEX.

User Reviews

Sort by content

  • Sort by content
  • Sort by time

User comment

4

Comments

Write a review

Marguerite
more than one year
Yo, talking about VOLTTEX from New Zealand – it's a bit of a mixed bag, you know? On the bright side, they hook you up with a demo account for some practice trades, and they're all about flexibility with various deposit options. Plus, they roll with the popular Metatrader 5 platform, keeping it smooth for both PC and mobile trading. But, gotta keep it real – there's some shady stuff going on too. They're not playing by the rules with no regulation, and those regulatory licenses look kinda fishy. People are saying they might be doing things they ain't supposed to be doing, you feel me? And here's the kicker – they're keeping us in the dark about account types, spreads, leverage, and payment methods. Like, what's the deal with that? And bro, the negative vibes from user reviews are raising some serious doubts about whether VOLTTEX is someone you can trust. I'd say, before you jump in, take a minute and think hard about all these things. It might not be as smooth as it seems at first glance.
2023-12-06 16:32
Reply
0
0
FX2381580217
6-12months
Volttex (previously Betensh) is a scammer that is operated by Yunma Tianlong.
2023-09-21 09:32
Reply
0
0
Ahmad 'Izzat
more than one year
I would not recommend VOLTTEX as a trading platform. The selection of trading products is limited and the trading platform is difficult to use. Furthermore, there is no customer support available, making it challenging to resolve any issues that arise while trading. Why would you waste your time here?
2023-03-22 12:14
Reply
0
0
L.E.M.
more than one year
The regulatory license of the company VOLTTEX is fake! It's horrible, if I didn't see such information on wikifx, I would never have thought of this. I will definitely not trade here.
2023-03-01 12:27
Reply
0
0
2
TOP
Select Country/District
United States
※ The content of this website abides with local laws and regulations.
You are visiting the WikiFX website. WikiFX Internet and its mobile products are an enterprise information searching tool for global users. When using WikiFX products, users should consciously abide by the relevant laws and regulations of the country and region where they are located.
consumer hotline:006531290538
Official Email:support@wikifx.com;
Mobile Phone Number:234 706 777 7762;61 449895363
Telegram:+60 103342306
Whatsapp:+852-6613 1970;
License or other information error corrections, please send the information to:qawikifx@gmail.com
Cooperation:fxeyevip@gmail.com