✔️ Information reviewed and updated in July 2024 by Pedro Martínez González

In this section we will tell you if we consider that the company WALFA is a safe company or an unreliable company. Read our full analysis to find out everything!

We analyze the website, observe every detail and examine the main characteristics that are taken into account when choosing a good broker such as the location, the company to which it belongs, its regulation, its reputation...

Below we will show you essential information about WALFA and we will tell you why we reached such a conclusion:

Basic Information

🌐 Websitewalfa.co
🏠 Company*Does not mention it
RegulatoryNot regulated
📧 Email[email protected]
📈 PlataformOwn platform
📌 Address14 Tuchlauben Vienna, Austria 1010 (false)
🕑 Website ageWebsite registered on: September 13, 2023
Company typeCryptocurrency, CFDs, Forex and Commodities Broker

Company: WALFA does not mention which company it belongs to. Be very careful, we noticed a clear lack of transparency.

Location: The company mentions being located in Austria, but we believe this is false information.

We can already tell you that we are concerned about several characteristics of this company.

What is WALFA?

After having carried out an analysis of the company's website, we can say that WALFA is a cryptocurrency, cfds, forex and commodities broker.

Account types

The platform offers 6 different types of accounts:

account typeminimum initial deposit
Standard$10,000
Bronze$25,000
Silver$50,000
Gold$100,000
Platinum$250,000
VIP$1,000,000

Information on the web

Walfa website

Here we show you a screenshot of the WALFA website, which is walfa.co. The capture was made in DECEMBER 2023.

Contact: phone numbers and email

After having performed an analysis of the website:

– We have found the following phone number: +4369010104608

– We have found the following email: [email protected]

WALFA regulation

We have analyzed in depth the current ⚖️ regulatory situation ⚖️ in which this company finds itself and we have reached the following conclusion:

The broker presents us with a very worrying situation; he mentions absolutely nothing about regulating it. What does this make us think? We are talking about an unregulated broker. What does it mean? This means that the broker's clients and all their money are without any type of protection. That is to say, if the broker has bad intentions, most likely you will not be able to do anything to recover your money. Please be very careful with these types of companies. Think carefully before sending money, you are sending it to a company without any type of regulation or protection!

🚫 Final assessment of WALFA 🚫

As you can see, we have carried out a detailed and complete analysis of the most important characteristics of WALFA and we have reached the following conclusions about this company:

Location: It mentions being located in a place considered safe such as Germany, but we believe that this is false information with which they try to deceive customers.

Regulatory: They do not mention anything about its regulation, that is to say: we are talking about an unregulated company with a notable lack of clarity and seriousness.

In addition to this the company has pyramidal characteristics, please be careful.

Please remember that the company has been reported by different financial regulators (in this case the FMA, the Austrian regulator). Use EXTREME CAUTION.

This company does not mention which company it is part of, please be careful, there is a clear lack of seriousness and transparency.

The detailed investigation into WALFA sheds light on several disturbing elements that should be seriously considered by potential investors. The lack of transparency regarding the actual location of the broker, combined with the use of false data, such as the address in Austria, raises questions about the integrity and reliability of the platform.

The absence of regulation is a major risk as it leaves investors without the necessary safeguards to protect their funds. The overall poor reputation and exposure of the Austrian financial regulator FMA are worrying indicators pointing to possible unethical business practices.

The lack of reliable information and the presence of regulatory complaints reinforce the recommendation to avoid WALFA as an investment platform. The safety and protection of investors' funds is of utmost importance, and choosing a safer and more regulated broker is essential to minimize the associated risks.

Updates

News about WALFA:

Date Update – news
December 2023Complaint against WALFA financial regulator FMA (Austria)

We note that the company already has complaints from financial regulators. Please be very careful!

User Reviews

[democracy id = ”9162 ″]

What is your opinion? We invite you to collaborate with us and vote. You can also leave a comment about your experience with WALFA.

At the end of the review you will find customer comments.


How to Claim Money Scammed by WALFA

If what you want is to know how to claim your capital, if you have been scammed, further down in the FAQ section you can find our advice.

How to Report WALFA

If you feel dissatisfied with the service provided by the company, and for some reason you want to report it, below, in the FAQ section, you can find the best way to report this company.

FAQs

Are there (recommended) alternatives to WALFA?

Yes, of course there are better and safer options! You can see here the brokers we recommend: ranking of the best brokers.

How can I report WALFA?

This depends on where you are, you should go to the financial regulator in your country. Write us a comment on this review and we will help you.

Is WALFA reliable?

No, WALFA is not a reliable investment option. The lack of transparency in its location, the use of false data, the absence of regulation, the general poor reputation and the complaint by the Austrian financial regulator FMA are clear signs of substantial risks. We strongly recommend investors avoid WALFA and look for safer and more regulated alternatives in the financial market. The security of your investment is our top priority.

How to recover money from WALFA?

If you want to know how to recover your capital, you can see it here. We explain in detail the process of recovering money from a scam company, step by step.

About the Author: Pedro Martinez Gonzalez

I'll tell you a little about myself! I am a financial analyst and economist with a master's degree in finance.
About my studies: I studied at the University of Salamanca for a Degree in Economics and then did a Master's in Finance in Madrid.
Do you want more information? You can read more about me here in my biography.

2 comments on «WALFA: OPINION AND COMMENTS – IS IT A SCAM?»

  1. Lorenzo Reply

    They want me to invest with them, but I don't want them to steal my money or rip me off. Can you help me? Blessings.

    • Recommended-brokers.com Reply

      Hello Lorenzo, thank you for writing about WALFA. Currently this broker is considered a SCAM.

      If you are a client, do not invest more money, their only objective is to steal from you, they manipulate operations manually and keep the money from the moment it reaches their accounts, it never enters the market, everything is prepared so that they make you lose your money to have the excuse of keeping it.

      If you decide to withdraw and they ask you for a ransom in the form of commissions, taxes, fees, legalizations, etc. Never pay it!, that is the alert, from that moment you have to know that you are a client of a scam broker and even if you pay they will never return it to you.

      To help other users or customers, provide as much information as possible, explain how everything happened, where you saw the advertising, who called you, numbers from which you were dialed, emails and everything that comes to mind.

      If you want to recover your money go to our chat or fill out the form in this link: CLAIM YOUR MONEY

      Greetings.

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