Reviews Advice | Forex News & Updates

Volemex Review: Why Volemex is a Red Flag Filled Crypto Scam

Volemex entices potential investors with promises of free cryptocurrency and unrealistic returns. But is this platform a legitimate opportunity, or simply a deceptive scheme? This review dives deep into Volemex, exposing the red flags that paint a clear picture: it’s a scam.

Is Volemex Legit or Scam?

Unequivocally, Volemex is a scam. Here’s why:

  • Fake Celebrity Endorsements: Volemex uses fabricated endorsements from prominent figures like Elon Musk and Jeff Bezos. These are likely deepfakes or stolen media, as these individuals wouldn’t endorse such a platform.
  • No Real Company Info: There’s a complete lack of transparency regarding Volemex’s ownership, location, or regulatory body. Legitimate platforms have readily available company details.
  • Unrealistic Returns and Free Crypto: Guaranteeing high returns or free cryptocurrency are classic hallmarks of a scam. Realistically, investing involves calculated risks, and reputable platforms don’t make such outlandish promises.

Company Overview



Registered Country/Region



NFA (Unauthorized)

Market Instruments

Indices, stocks, cryptocurrencies, forex, futures, bonds, world economy

Demo Account




EUR/USD Spread

1.1 pips

Trading Platforms


Minimum Deposit


Customer Support


Trading Platform & Leverages, Spreads, and Cost of Trading: Due to Volemex’s fraudulent nature, details regarding its trading platform, leverages, and spreads are irrelevant. There’s no real trading happening here; it’s simply a scheme to steal your money.

If you have lost money to companies like Trading Aureo, or Binetrix; please report it to us on our Report a Scam form.

License and Regulations

Volemex lacks any regulatory oversight. This is a major red flag. Legitimate brokers are licensed and regulated by reputable financial authorities, ensuring a certain level of client protection.

Legal Warning Against Volemex

Several financial watchdogs have issued warnings against Volemex, further solidifying its status as a scam.

Deposit and Withdrawal Methods

While Volemex might offer various deposit methods to lure victims, withdrawing funds is likely impossible. Scam platforms often make deposits easy and withdrawals next to impossible.

Volemex Pros and Cons




Unrealistic promises


Fake celebrity endorsements




Likely impossible withdrawals

Why Dealing With An Unlicensed Broker Is Risky

Dealing with an unlicensed broker exposes you to significant risks:

  • No Client Protection: Financial regulations are in place to safeguard investors. Unlicensed platforms offer no such protection.
  • Funds Loss: There’s a high chance your deposited funds will be stolen, with no way to recover them.
  • Market Manipulation: Unregulated platforms can manipulate markets for their own gain, further jeopardizing your investments.

Client Feedback

Client reviews for Volemex are overwhelmingly negative. Many users report difficulties withdrawing funds and suspect the entire platform is a scam.

How Can “Reviewsadvice” Help You If You Get Scammed?

While Reviewsadvice can’t directly recover lost funds, we can connect you with resources to fight back. If scammed by a broker, Reviewsadvice can help with:

  • Filing Complaints: Guidance on filing against brokers who violate terms or withhold money.
  • Recovery Specialists: Connecting you with services to potentially get your funds back.
  • Withdrawal Issues: Assistance in filing complaints if you’re facing withdrawal problems.
  • Disappearing Brokers: Help find experts to track down the broker and guide your next steps or you Can report to us today by the below form. 

File A Complaint Against Scammers

Final Thought

Volemex is a deceptive operation masquerading as a legitimate investment platform. Steer clear! Always research a platform thoroughly before investing. Look for regulatory licenses, transparent company information, and realistic return projections.

Remember, if it sounds too good to be true, it probably is. Choose reputable, regulated brokers to protect your hard-earned money.

Picture of  William Pewitt

William Pewitt

William Pewitt is an experienced forex broker reviewer, dedicated to helping traders navigate the complex world of currency exchange. With a sharp eye for detail and years of experience, I try to provide concise and insightful assessments of various forex brokers. My reviews offer valuable guidance, helping traders make informed decisions about their investments.

All Posts

Follow US

Trending this week

File A Complaint Against Scammers

Get Your Weekly Forex News

Subscribe to Reviews Advice and receive notifications on new forex posts