Voltrax Review – Is Voltrax a Scam Broker?
- Website: http://voltrax.io/
- Website Availability: No
- Address: NA
- Warning: Autorité des marchés financiers (Quebec)
- Website Domain Age: No Information
Voltrax Warning Signs That Shouldn’t Be Ignored
Voltrax.io presents itself as an online platform for strategic cross-border financial transactions. All investors should think twice before dealing with this platform because there are so many red flags against it.
Regulatory Warnings
The Autorité des marchés financiers (AMF) of Quebec has issued an alert warning that Voltrax does not hold authorization with them and is not allowed to provide financial services in Quebec. This puts the credibility and legality of the platform into serious question.
Website and Trust Issues
- The official website Voltrax.io is currently down.
- The trust score of the platform is extremely low, with a score of only 1 out of 100, signifying unreliability.
- Several users had negative experiences, adding to its already tarnished reputation.
User Complaints and Issues
Lack of Security
Numerous investors claim that the security systems of Voltrax are very weak. Users have suffered financial losses, for funds were poorly protected despite claims of Voltrax providing a secure investment environment.
Withdrawal Problems
One glaring red flag that pops out in this Voltrax review is the problems regarding withdrawals. A user deposited around $97,000 but is now valuing a cash out worth $510,000. The user couldn’t withdraw any of this money and is currently stuck.
Non-Responsive Customer Support
Several investors have been vocal about the almost non-existence of an able support system. They have waited long for responses while some just went unhelpful, while many tickets just went unanswered.
Conclusion
From the several red flags seen, Voltrax.io is considered a fairly risky platform. Be very cautious, particularly when initiating an action here.
Why You Should Be Cautious?
We have been tracking fraudulent brokers and shady investment schemes for many years. We continuously keep our eyes on different schemes in the market that may be targeting the traders. After many years of research and countless real-life cases, we now know how these scams operate and how they trick innocent people.
Big promises, unreasonably high returns, and withdrawal issues – these are classic investor-trapping techniques.
If looking to trade with Voltrax, be cautious. Thorough research and intelligence observation are necessary so that an individual does not fall prey to any deceitful practices or tricks.
Beware of Trending Financial Scams
Scammers keep on establishing new skills to exploit innocent people. Some of the most common scams include:
- Investor Impersonation Scams: Fake investment firms promise high returns for a short time; then, they vanish with all deposits.
- Romantic Scams: Fraudsters pretend to create online relationships just to gain the financial trust of the victims before they manipulate them.
- Gift Card Scams: The criminals insist that the payments should be done by gift Card, hence creating irreversible transactions.
- Bank Account Fraud: Unauthorized access and identity theft are at play for the cause of drained bank accounts.
- Phishing Fraud: Emails and messages trick people into sharing private information.
- Cryptocurrency scams: Fake exchanges and Ponzi schemes trick traders into losing money.
- Forex scams: Unlicensed brokers manipulate trades and withhold withdrawals.
- Ransomware: Scammers demand ransom to release the data they have locked up.
When doing financial transactions online, always be observant and handle it cautiously. Meanwhile, verify the legitimacy of a particular broker.
How to Recover Lost Funds?
Losing funds on the Voltrax or a similar platform? Don’t be disappointed. We specialize in tracing scam brokers and helping those affected take proper measures for fund recovery. We provide professional advice in chargebacks, litigation, and reporting scams with the relevant authorities.
Contact Us for a free consultation regarding the recovery of your funds.
About Proupshot
Proupshot.co is dedicated to revealing every fraudulent broker and delivering accurate information to a trader. We aim to protect investors from scams or fraud in finance and also help victims in recovering their lost funds.
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Also, read TCEHK Review.
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