ANSWER Dear Investor,
Volarix is not a safe or reliable trading platform, as it does not hold a valid forex broker licence.
The platform claims to possess an Money Services Business(MSB) registration from the U.S. Financial Crimes Enforcement Network (FinCEN). While a registration record for the provided MSB number can indeed be found in FinCEN’s public database, it is essential to understand that FinCEN does not regulate forex trading activities.
In the United States, forex brokers are required to be registered with and regulated by the Commodity Futures Trading Commission (CFTC) and be members of the National Futures Association (NFA). An MSB registration does not grant any authority to operate as a forex dealer or provide trading services.
Therefore, Volarix is in essence unlicensed by any regulator that oversees forex trading. We strongly advise against engaging in any financial transactions with Volarix to protect your capital and personal information.
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