Regarding the Volmax platform, some people have been asking intermittently: How long will the Volmax deposit arrive? Can you help me check if this platform has formal regulation? Where is the platform and headquarters of Volmax?
So, what about Volmax? Today, the editor of Aihuicha will take everyone to learn about this platform.
Supervise authenticity and be vigilant about AR licenses
First of all, looking at the platform domain name, we found that it was created in December 2019, not counting as a new platform. Is the probability of a black platform low? Actually, this is not the case. From the domain name trading website, it can be found that volasia.com previously belonged to Elite Domains LLC, but was transferred to the Volmax platform in the first half of 2022. So, the domain name creation time is not the creation time of the Volmax platform at all. Volmax is a new platform with only over half a year of history.
Confusing the establishment time of the platform can at least reveal Volmax's ulterior motives.
Looking at regulation, the Volmax platform claims to be authorized by ASIC 00129648 in Australia and NFA054635 in the United States to provide financial derivative investment trading services such as foreign exchange, indices, energy, precious metals, etc.
But the query results are not like this. Search for "00129648" on the ASIC official website, and the corresponding company name is "VOLMAX GROUP PTY LTD", which is an AR authorization license. The authorizer is a company named "HLK Group Pty Ltd". HLK Company, on the other hand, is a company that enjoys licensing AR licenses, and its licensing companies have had poor outcomes: FVP Trade was authorized by it, but it has already run away. Bond BDG is also authorized by it, but it has also run away; The Qimi stock index has also run away.
So many platforms authorized by HLK for AR licenses have already run away, and HLK has not strengthened its screening of authorized companies, and its own regulatory licenses have not been affected. The only ones injured are investors who have lost money on these platforms.
Regarding NFA regulation, Aihuicha has long said that those with NFA licenses are old dealers, and the US NFA has not issued a new regulatory license for a long time. And the corresponding company of NFA 0546358 is also VOLMAX GROUP LIMITED, but it is not an NFA member, which means it is registered but not regulated at all!
Is the AR license trustworthy?
After reading the previous text, you must want to ask: HLK company authorizes arbitrarily, why does ASIC also ignore it? Here, I will briefly introduce the process of AR authorization license plate. The following figure shows an authorization notice previously issued by Bond BDG:
It can be seen that the means are written as "ASIC has received that you have been authorized..." From "ASIC has received," it can be seen that the main licensing company only needs to notify ASIC to issue an authorization license, and ASIC will assign an AR license code. From this, it can be seen that the management of AR licenses by this ASIC is not strict, and the quality of AR licenses depends entirely on the main licensing company. However, it is obvious that HLK is not a strictly authorized company, but only views this right as a means of profitability.
Finally, the editor reminds everyone to be vigilant about Volmax and companies authorized by HLK Group Pty Ltd.
