In this section we will analyze the broker Wallwood Broker (also called walllwooodbroker.com), is a Forex, Cryptocurrency and CFD broker. Is Wallwood Broker really recommended to make an investment? Or is it better not to invest with this company? Is it a safe broker? Is a gotcha? We will help you determine it.
You might be wondering why we reviewed Wallwood Broker. It is because we have received some messages from clients asking about the company, and we like to think that our reviews page helps investors, by providing key information about the company, we disclose information that every investor should know before leaning or not, for Invest with an investment company.
We carry out this review and assessment, due to the fact that we receive different messages and comments asking about the reliability of the company in question.Are you a representative of this company? Leave a comment responding to customer concerns.
Essential information: Who does it belong to? Where is located? Is it a regulated broker?
The broker mentions being a part of: they don't mention it.
As to its location, the broker mentions being based in: England (we believe this is false, as it is not regulated in that country).
If we analyze the regulation of the broker: they do not mention anything about being a regulated broker, which makes us think that it is an unregulated broker.
If now we go on to analyze account types offered by Wallwood Broker, we note that it offers 3 different types of account / plans: the Bronze Account, the Silver Account and the Gold Account. We leave an image with a little information about each type of account.
Bronze Account: minimum initial deposit of € 500, variable spread rate from 1 pip, leverage up to 1: 500, minimum trade size of 0.01 lots, fifth decimal place, market rate execution, trade size increment 0.01, maximum trade size 5 lots, maximum simultaneous open orders 150, margin call / stop out level: 40% / 10%, personal account manager, trade by phone.
Silver Account: minimum initial deposit of € 5.000, fixed spread rate, leverage up to 1: 400, minimum trade size of 0.01 lots, fifth decimal place, market type execution, trade size increment 0.01, maximum trade size 60 Silver lots per position, maximum simultaneous open orders 300, margin call / stop out level: 50% 20%, personal account manager, trade by phone.
Gold Account: minimum initial deposit of € 25.000, fixed spread rate from 0 pips (Forex), leverage up to 1: 300, minimum trade size of 0.01 lots, fifth decimal place, market type execution, trade size increment 0.01, size trading max 80 Silver lots per position, max simultaneous open orders 400, margin call / stop out level: 50% / 20%, personal account manager, phone trading, personalized service.
In the following image you can have more information about the types of account. Click here to see the image in full size.
Las platforms to operate that Wallwood Broker offers are: the MT4 platform.
We will now analyze the different resources and aids for traders that Wallwood Broker provides on its website. We believe that the resources and help provided on the website can be a point in favor of the broker.
Wallwood Broker provides the following aids or resources to traders or stakeholders: It only offers an economic calendar, not much more than that really.
| Other information about Wallwood Broker |
Some more information in case you want to contact the company, or see its website for yourself.
Phone number: + 442037699204
Email: [email protected]
>>> Assessment on Wallwood Broker <<
Ending with this section, in our opinion Do we believe that the Wallwood Broker company is trustworthy? Should you invest your money with the company?
The truth is that, we recommend to be careful, because: it is an unregulated broker, we do not know where it really is based, when looking for reviews about Wallwood Broker we did not find any other review, we believe that it is a new broker, without a track record. We suggest using caution.
Medical Attention: in September 2020 CONSOB added to Wallwood Broker to your list of fraudulent financial companies, for acting without authorization.
We always recommend working only with properly regulated companies, isn't it better to have the protection of a good regulator? Is it worth the risk if there are much safer options to invest?
You have to understand that one of the few measures that really ensure the clients' money is the regulation of the broker, that is, it is probably the most important thing in any broker; THAT IT HAS A GOOD REGULATION, DO NOT BE FOOLED. Good regulation means that there is an authority to which, in case of misunderstandings or problems, customers can complain.
What is your opinion? Have you traded with this broker? Are you a customer? Do you think our opinion is not correct? We invite you to collaborate with us and vote, you can also leave a comment on our website with your experience if you are a client of the broker.
We leave a vote open so that traders, clients and users of the broker can vote.