TradeVolt Review

TradeVolt was an offshore Stock & Options broker, that opened in the 4th quarter of 2020. They are now out of business!

Officially they are owned and operated by Sixteen Securities, Inc, and located at: 208 Church Street, Sandyport, Nassau, Bahamas. Their listed phone numbers are: United Kingdom; +441514534444, or United States +1 631-710-7444. Contact email address is: [email protected]. Official website is at: https://www.TradeVolt.com/.

For complaints and withdrawal problems, read this.

TradeVolt Broker Review

Day Traders and Investors at TradeVolt are offered the advanced trading platform known as Das Trader. You will find that they offer you a free demo account on the desktop trading app. Also available, but only after completing your account verification, will you have access to the web-based & mobile trading apps. You will be able to create multiple demo accounts to test out their trading platforms and your trading strategies.

Minimum deposit for a new trading account is $500. The website is also available in Spanish. Intra-Day Leverage rate is a maximum of 6:1, and the overnight leverage rate is 2:1. Two types of accounts are offered at Trade Volt, the ActiveWeb or the Pro account. With the PRO account, there is a $125 monthly fee. Commission rates start at $3.95 per trade, and go down to $0.95 for high volume traders.

Before beginning your quest to become the next Warren Buffett or Mark Cuban, you should read the article: “The Difference Between Regulated & Offshore Brokers“.

Is TradeVolt a Legit Broker?

TradeVolt is a Bahamas based company, and their license application with the Securities Commission of the Bahamas is currently pending, see here. Additionally, they have registered with ASIC in Australia as a Foreign Company, but we could not find an AFSL license for them.

Some links on their website lead to the SureTrader website, which was another offshore broker that closed in 2019. Although TradeVolt doesn’t officially solicit traders from the United States, they still accept them. Many new investors think there is a benefit of using an offshore broker, but any benefits like avoiding the pattern day trader rules, do not outweigh the risks of going offshore.

The way day traders and stock investors know if their stockbroker is not a scam, is by checking their website for a license. When you see that they hold a valid license from your governments financial regulator, you can be sure that they are a legitimate broker. Stockbrokers in the United States must be licensed and regulated FINRA / SIPC, while stockbrokers in United Kingdom are regulated by FCA.

For complaints and issues with withdrawing your money, read more.

Compare Regulated Brokers

There are so many local brokers to choose from that are licensed and regulated, just look here.

ForTrade is a popular MT5 broker, that is licensed & regulated in Canada, United Kingdom and Australia, see here.

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