Abstract：Did you witness wrong price movements on the VOLNEX terminal, which led to your forex trading account being blown away? Did you face massive capital losses on the platform? Does the broker constantly deny your fund withdrawal applications? Do you feel like taking legal assistance to recover your funds? You may just have to go legal in light of these trading complaints that are on review platforms. We have shared some of these complaints while drafting this VOLNEX review guide. Read on as we share them out.
Did you witness wrong price movements on the VOLNEX terminal, which led to your forex trading account being blown away? Did you face massive capital losses on the platform? Does the broker constantly deny your fund withdrawal applications? Do you feel like taking legal assistance to recover your funds? You may just have to go legal in light of these trading complaints that are on review platforms. We have shared some of these complaints while drafting this VOLNEX review guide. Read on as we share them out.
VOLNEX Operation Details: Trading Instruments, Platforms & Account Types
VOLNEX claims to be a leading CFD broker across a wide range of trading instruments such as forex, crypto, indices and commodities. It lets traders avail of the advanced MT5 trading platform for desktop and mobile users. While Mobile users can also use the proprietary VolNex Trade app, web users can leverage VolNex Terminal. As far as trading accounts are concerned, traders can choose from three options - Standard, Pro and Prime - with a minimum deposit of $10, $200 and $200, respectively.
While there are virtually no entry barriers with such low minimum capital requirements, the growing complaints against VOLNEX indicate a different story. Lets read the complaints below.
Top Forex Trading Complaints Against VOLNEX
Constant Withdrawal Denial by VOLNEX, A Trader Claims
A US-based trader recently complained about the lack of access to funds online. The complaint demonstrated only stories narrated by the broker official to glorify the company. However, in real-time, the broker allegedly defaulted on ensuring smooth withdrawals for the trader. To help recover funds, the trader chose to go legal and was successful in his attempt. Here is the VOLNEX review that supports this complaint.
A Case Involving Alleged Withholding of Funds Worth $51,500
A trader shared a complaint where VOLNEX allegedly withheld funds worth $51,500. The trader appreciated the legal firm for helping him recover that significant sum using its technical expertise. Check out this small, yet important review of VOLNEX.
Complaint Over Alleged Abnormal Price Spike on XAGUSD Leading to Account Loss
An India-based complainant reported a serious technical issue on the brokers trading platform involving XAGUSD (Silver/USD) while using the MT5 VOLNEX login. According to the trader, recently, an unusually long downside wick allegedly appeared on the chart that did not correspond with broader market price movements or other reliable data sources.
According to the trader, this unexpected price spike triggered their stop loss, resulting in the complete loss of his account balance. The complainant believes the incident was caused by a platform error or price feed malfunction rather than normal market volatility. The trader, while sharing this negative VOLNEX review, attached screenshots as proof of the alleged irregularities.
VOLNEX Review by WikiFX: Check Out Its Regulatory Status & Score
After going through these complaints, you, as a trader, must be wondering whether Volnex is real or fake. Upon investigation, the WikiFX team found the Saint Lucia-based forex broker to be an unregulated firm. The lack of regulatory oversight serves as a warning to traders (existing or prospective). Investing in brokers, such as VOLNEX, carries enormous investment risks compared to regulated entities where robust investor protection programs are in place. As a result, the score for VOLNEX is a poor 1.84 out of 10.
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