Volta Trading Group: real reviews and activity analysis
Volta Trading Group, offering “limitless opportunities” on its website, attracts clients’ attention with promises of profitable cooperation. However, should these words be trusted and what can this intermediary offer, let’s consider in this review.
Company Information
On the official website voltatg.com, there are two languages (Russian and English), examples of the terminal, tools, analytics, and legal information. Despite shortcomings in design and content, the site is done fairly well. The presence of an educational section with tests also speaks in favor of the company. However, a more detailed investigation indicates that this is likely a scam project.
Intermediary Activity
According to the “About Us” section, the company was founded in 2013, but Whois data shows that the project was only created in September 2021. The domain is registered with a Ukrainian hosting company, owner information is hidden, indicating short-term plans by the organizers.
It is also noted the lack of access to documents in the information section, while users are asked to accept terms with non-existent documents. Furthermore, the company claims to have 410 thousand clients worldwide, but there is no visibility of the company beyond the Russian-speaking segment.
Regulation of Activity
Volta Trading Group is registered in the Marshall Islands, which raises doubts about the company’s reliability. The absence of a license from the Central Bank of Russia also raises questions about the intermediary’s legitimacy.
Conditions for Traders
To start trading, registration and selection of one of the four accounts are required. The use of leverage up to 1:400 is noted, indicating the riskiness of trading.
Analytical tools are available on the site, but information on fund deposits/withdrawals, verification, spreads, and commissions remains unclear.
Reviews about Volta Trading Group
There are few reviews of the company due to its relatively recent establishment. Existing reviews advise caution in cooperation.
Fraudulent Schemes
Reviews mention fraudulent actions characterizing the company as an unreliable broker. Users are warned against such schemes and urged to be vigilant.
Conclusion
Volta Trading Group, being a relatively new market participant, raises doubts about its reliability and transparency of activities. Be cautious and thoroughly examine all conditions before deciding to cooperate with this company.
