Volko Trade (volkotrade.com) has been flagged by ASIC (Australia) for "Unlicensed". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: volkotrade.com.
After spending for the past six months trying to make Volko Trade (volkotrade.com) work for me, I have given up. The platform has too many limitations, the fees are not competitive, and the quality of their market data is questionable. There are much better options available.
Pros: Comprehensive tools|Personal attention|Multi-device support
Cons: No live chat on mobile|Help articles are sometimes vague
Their two-factor authentication was optional when I joined. I enabled it. Later I lost my phone and could not log in. Volko Trade (volkotrade.com) recovery process took 3 weeks and required notarized documents. By then I had missed important trades. Their security is your inconvenience.
Pros: Clear documentation|Tax reports included|Fast execution
Cons: Alert system is basic|Desktop app not available on Linux
If you are reading this considering Volko Trade (volkotrade.com) - run. I wish I had read more negative reviews through a financial advisor. I thought the positive ones were real. Maybe some are. My experience over for close to eighteen months has been so bad I feel obligated to warn others. Do not make my mistake.
Pros: Portfolio tracking tools|Stable platform
Cons: Limited cryptocurrency options|Currency conversion fee exists
The hidden fees at Volko Trade (volkotrade.com) are the real scandal here. What they advertise and what they actually charge are two different things. By the time I realized how much I was paying in various fees and spreads, I had already lost a meaningful amount.
Pros: Fast execution|Two-factor authentication|Detailed reporting|Dividend tracking
Cons: Limited demo account features|Withdrawal takes 1-2 business days
Do not be fooled by the professional-looking website. Behind the scenes, Volko Trade (volkotrade.com) is disorganized and incompetent. I found them after a friend recommended them and I can only assume the positive reviews are either outdated or paid for because my experience was terrible.
Pros: Clean UI|Good mobile app|Instant funding
Cons: No integrated tax optimization
Customer support at Volko Trade (volkotrade.com) seems to be run by people who have never used the platform. Every time I call with an issue, I end up explaining how their own system works before they can help me. It would be funny if my money was not involved.
Pros: Excellent charting|High security standards|No hidden fees
Cons: Limited social trading features|Slow to add new assets