Score

1.45 /10
Danger

TradeVolt

Bahamas

2-5 years

Suspicious Regulatory License

Suspicious Overrun

High potential risk

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Score

Regulatory Index0.00

Business Index6.56

Risk Management Index0.00

Software Index4.00

License Index0.00

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Website

Licenses

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

Single Core

1G

40G

open now

Regulatory disclosure

Broker Information

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Company Name

sixteen securities, inc

Company Abbreviation

TradeVolt

Platform registered country and region

Bahamas

Company website

Company summary

Pyramid scheme complaint

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Warning: Low score, please stay away! 6
Previous Detection : 2024-09-29
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The number of this brokers's negative field survey reviews has reached 1. Please be aware of the risk and the potential scam!

WikiFX Verification

TradeVolt · Company summary

General Information & Regulation

TradeVolt is an offshore registered stock and options dealer founded in 2020 and claims to be owned and operated by Sixteen SecuritiesSecurities, lnc, which is not subject to any regulation at this stage.

Market Instruments

TradeVolt provides investors with financial products such as stocks and options. Additionally, TradeVolt offers other trading services for financial products.

Minimum Deposit

TradeVolt offers two different trading accounts for investors: ActiveWeb account and Pro account. A minimum deposit of $500 is required to open a new account.

Leverage

Leverage differs depending on different period. The maximum leverage for intraday on the TradeVolt platform is 6:1, while the maximum leverage for overnight is 2:1.

Spreads & Commissions

Commissions for TradeVolt Pro accounts start at $3.95 per trade or $0.95 per trade for higher-volume traders. Moreover, traders with Pro accounts pay a monthly fee of $125.

Trading Platform

TradeVolt offers traders what is known as the Das Trader trading platform, a desktop trading application that provides traders with a demo account, access to the web-based mobile trading application only after account verification is completed, and the creation of multiple demo accounts to practice trading platforms and trading strategies.

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User comment

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FX1417475281
more than one year
They are not a reputable or trustworthy broker, and their employees are only interested in taking your money. Don't fall for their false promises and be sure to do your due diligence before investing with any forex broker. TradeVolt has gone, but there will be more scammers longing for your money.
They are not a reputable or trustworthy broker, and their employees are only interested in taking your money. Don't fall for their false promises and be sure to do your due diligence before investing with any forex broker. TradeVolt has gone, but there will be more scammers longing for your money.
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2023-03-24 13:55
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