Volume Groups
Basic Information
Pros and Cons
Pros
- Operates since 2017
- Offers trading in Forex, commodities, indices, and shares
- Uses the MT5 trading platform
- Multilingual assistance available
Cons
- Unregulated status raises safety concerns
- Complaints about withdrawal difficulties
- Poor customer service reported
- Lack of transparency regarding fees
Is Volume Groups Safe and Legit?
Volume Groups FX Limited is registered in Turkey and has been operational since 2017, accumulating 5-10 years of experience in the financial markets. The broker offers trading in Forex, commodities, indices, and shares through the MT5 platform, but specific details on leverage and spreads are not disclosed.
Regulatory status for Volume Groups is concerning, as it operates without a valid forex trading license, raising significant safety and legality issues for potential clients. Consequently, it is classified as unregulated and poses high risks to traders.
Market reputation for Volume Groups reveals a mixed picture, with users often citing poor customer service and challenges in the withdrawal process. Transparency issues and a lack of response to complaints have been reported, leading to a general perception of distrust within the trading community.
Is Volume Groups a Regulated Broker?
What Are the Regulatory Licenses Held by Volume Groups?
Volume Groups FX Limited operates without a valid forex trading license, which raises significant safety and legality concerns for potential clients. As a result, the broker is classified as unregulated, posing high risks to traders. There are no mainstream or offshore licenses held by the broker, indicating a complete lack of regulatory oversight in its operations. This status is critical for potential clients to consider when assessing the safety of their trading activities with Volume Groups FX Limited.
| Regulator Abbreviation | Full Name of Regulator | Regulated Company Entity | Regulatory Status | License Number |
|---|---|---|---|---|
| No Regulation | No Regulated Licenses | Volume Groups FX Limited | Unregulated | N/A |
Client Fund Segregation: Your Ultimate Safeguard
Capital Protection Measures
Volume Groups FX Limited does not hold client funds in independently regulated bank accounts, nor are they segregated from the broker’s own assets. Consequently, the lack of regulatory oversight raises significant concerns regarding the protection of client funds and overall safety for traders.
Volume Groups Leverage
Specific details regarding leverage for Volume Groups FX Limited are not disclosed. Without a valid forex trading license, potential clients should be cautious, as the broker’s unregulated status poses high risks in terms of leverage practices and client classifications.
Volume Groups Withdrawal Review
How to Contact Volume Groups?
Does Volume Groups Have Withdrawal Issues?
Volume Groups FX Limited has received a variety of complaints, primarily related to withdrawal difficulties. Users frequently report challenges in accessing their funds, which contributes to a perception of distrust. Credible sources of complaints include online trading forums and review platforms. The broker has been criticized for its slow response times and inadequate handling of these issues. There are indications of repetitive complaints regarding withdrawal processes, although no regulatory penalties or warnings have been documented. Overall, the situation raises concerns about the safety of trading with this unregulated broker.
Frequently Asked Questions
A1: Volume Groups FX Limited operates without a valid forex trading license, which raises significant safety and legality concerns for potential clients. This unregulated status poses high risks to traders, making it crucial for individuals to exercise caution when considering this broker.
A2: Volume Groups FX Limited does not hold client funds in independently regulated bank accounts, nor are they segregated from the broker’s assets. This lack of regulatory oversight raises significant concerns regarding the protection of client funds.
A3: Users have reported various withdrawal difficulties with Volume Groups FX Limited, including challenges in accessing their funds. Complaints about slow response times and inadequate handling of these issues contribute to a perception of distrust within the trading community.
A4: You can reach Volume Groups FX Limited by phone at +90 553 300 00 84 or via email at info@volumegroupsfx.com. However, feedback indicates that customer service may not be responsive, which has been a common concern among users.
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Risk Disclosure
Trading forex/CFDs via brokers carries high risks, including potential total loss. For any data changes, please refer to the latest information on the brokers' official websites. Trade with caution and seek independent advice.