Table of contents:
- 1 An overview of the Volfix software
- 2 Conclusion
Volfix user-ratings $50
Asset varierity - 10/10
Trading platform - 10/10
Support - 8.5/10
Fees - 6.5/10
Facts about the company:
- Type: Trading and analysis software
- Regulation: None
- Minimum costs: 50 Dollars
- Demo account: Free
- Markets: 100+ Forex, Futures, Stocks, Shares, Cryptocurrencies
- Free demo account
- Large variety of educational material
- Social interaction with other traders possible
- Suitable for beginners
- Good for order flow and volume analysis as well as trading.
- Purchase of a lifetime version not possible
- Basic package only involves FX futures
- Limited tools available
An overview of the Volfix software
The main features of the software Volfix are as follows:
- Dynamic interactive DOM on the chart
- Integrated Trading incl. Risk Management & One-Click Trading
- Charts & Studies
- Over 100 brokers can be connected
- Training in order flow analysis and volume trading
- Orderflow Tools & Charting
The software is particularly popular among order flow and volume traders. This is also where the focus lies. Therefore Volfix has some tools for order flow analysis and volume trading.
In addition to the box charts, there are other tools for order flow analysis, such as cluster charts and reverse charts. With the help of the cluster charts, you can see the inside of the box charts, so to speak. You can see the volume, bids/asks, and deltas per candle.
The platform has all common drawing tools. Charts and layouts can be configured as desired.
Trading & integrated Sim-Account
The integrated One-Click-Trading function is very useful for trading. This makes it possible to trade extremely fast. The platform also has all common order types and a bracket function
- Stop Loss,
- Take Profit
- and Trailing Stop
can be entered directly. These can be entered either in pips/ticks, percentage or in $.
In addition, a Sim account (demo account for simulated trading) is also integrated. Here you have the opportunity to get to know and test the platform under real market conditions.
A risk management tool is also included. This is very helpful and supports the traders to keep their risk limits. Here you can set the daily loss limit, the loss per ticker/trade, and the time. Risk management can also be implemented automatically. That means as soon as the limit is reached, the positions are closed automatically. You can also connect with several accounts. There is also the function “Arbitrage”. Here you can trade two different positions and also set the orders in time.
These tools are very helpful to identify important levels. For example, you can display the highest volume level of the month, week, day, etc. This is in my opinion one of the most important tools in Volfix. With the filter you can filter the Time & Sales by large orders.
With the help of this tool you can display various statistics on
- various other functions
There is also an own social network within Volfix. Here you can see the best traders as well as their statistics. There is also a chat function to exchange with other traders. Additionally there is a news function. With the help of the news function you can either display news for a special ticker or search for news that contain certain terms. There is also a news calendar.
There is a traders Rating in Volfix. This shows the best traders sorted by performance.
Brokers & Data Feed
Over 100 brokers can be used with Volfix. In general, you can trade with Volfix via any broker if it supports one of the following data feeds:
- CTS T4
- Open E Cry
- Exante FIX
The price starts at $120 a month. But if you want to trade the common futures like ES, GC, etc. in addition to the FX futures, you pay $150 a month. With a longer duration, the monthly price decreases significantly. If you pay for a year in advance, you save over 55% of the monthly price. Then the cost is only $66 per month.
|Minimum price (FX futures):||$120 monthly|
|ES, GC and other futures:||$150 a month|
|Annual payment in advance:||$66 monthly|
|Risk Management etc. tools:||$40 extra|
If you want to use the Order Window with the above-mentioned tools like Risk Management or Brackets, it costs $40 extra. Since you can always use these tools from time to time, this $40 is very likely to be an extra charge.
The fees for the stock market data are separate.
There is support via Skype and email. This is also ok in my opinion. In addition to the technical support there is also training support.
|Support available:||10 hours per work day|
Volfix offers has an extra training area. There are three different courses:
- Basic – four week trading course and costs $400.
- Advanced – four-week trading course based on the basic course and costs $600.
- Expert – this course is currently only available in Russian and costs $1,500.
In addition to the three trading courses offered, there are also regular webinars and a variety of videos ,which are available for free. In addition, there are also for example many German-language videos on YouTube from one of the Volfix partners in the German-speaking countries. Meanwhile there are more than enough of the Volfix partners. It is questionable whether they are really so helpful for your own trading, but they are definitely there.
Volfix is a good platform for order flow and volume analysis and trading. The platform is also suitable for inexperienced traders due to a large number of videos and offers for further training. However, the platform takes a lot of getting used to, and compared to other platforms it is also very special in design.
The design is based on Bloomberg, but Bloomberg is much better and easier to handle. The Bloomberg-like design should make the platform look more professional, but the opposite is true. Anyone who has ever really used Bloomberg is only put off by the imitation design.
Moreover, there is not even the possibility to purchase a lifetime version, which causes unnecessary costs, especially in the long run. The platform also does not offer candlestick charts or common technical indicators for chart savvy traders. However, other platforms that also focus on order flow and volume analysis do offer this. Even if you don’t trade with charts and chart technology, these tools are simply standard equipment on every platform.
Most asked questions:
Is Volfix suitable for beginners?
Yes, this software is a very good option for inexperienced traders because they have a lot of educational material to use. Nonetheless, compared to other providers, the tools are limited.
Which payment plan should you pick with Volfix?
Of course, it is possible to pay for the software on a monthly basis, but this is, at least in most cases, not recommended. If paid for a year in advance, you can save over 55% of the monthly price which results in only $66 costs per month.
Who benefits from using Volfix?
The software focuses on order flow and volume analysis as well as trading. If you want to trade with charts and use chart technology you will not gain an advantage with this provider.
How many brokers can you use with Volfix?
The overall estimate would be around 100. Generally speaking, trading with Volfix is possible if the online broker supports either CQG, Rithmic, CTS T4, Open E Cry, or Exante FIX as a data feed.