WALKERT
Pros and Cons
Pros
- Diverse range of trading instruments including forex, commodities, indices, stocks, and cryptocurrencies
- Multiple account types available catering to different trader profiles
- Customizable trading options through the WALKERT Trader platform
- Access to demo accounts for practice trading without financial risk
- Wide-ranging deposit and withdrawal methods including bank transfers and cryptocurrencies
Cons
- No valid regulatory oversight
- Inaccessible official website
- Limited customer support channels
- High risk of fund withdrawal issues
- Potential for fraudulent activities reported by users
Basic Information
User Reviews
WALKERT Overview
WALKERT, established between 5 to 10 years ago, is a forex broker based in the United Kingdom. The broker operates without any valid regulatory oversight, which raises significant concerns regarding its legitimacy and reliability in the financial market. The lack of an authoritative regulatory framework highlights the potential risks that traders may face when engaging with this broker. The absence of a functional official website further compounds these concerns, making it critical for potential investors to exercise caution.
Is WALKERT Safe? Regulation Analysis
Regulatory Information
WALKERT is a forex broker based in the United Kingdom that currently operates without any valid regulatory oversight. This absence of regulation raises significant concerns regarding its legitimacy and reliability in the financial market. The lack of an authoritative regulatory framework highlights the potential risks that traders may face when engaging with this broker. Additionally, the broker’s official website is currently inaccessible, further compounding these concerns about its reliability.
Is WALKERT Regulated and How Are Client Funds Protected?
The broker is not regulated by any recognized financial authority. This lack of regulation poses considerable risks for traders, including a lack of investor protection and a higher potential for fraud. Engaging with an unregulated broker like WALKERT may lead to difficulties in fund withdrawals and other financial issues, highlighting the importance of caution for potential investors.
Trading Products and Services
What Trading Instruments Does WALKERT Offer?
| Asset Category | Available Products | Total Count (if available) |
|---|---|---|
| Forex | Major Pairs / Examples | Varies |
| Commodities | Gold, Oil | Varies |
| Indices | S&P 500, NASDAQ | Varies |
| Stocks | US, UK | Varies |
| Cryptocurrencies | BTC, ETH | Varies |
WALKERT offers a range of trading instruments across multiple asset categories, primarily focusing on forex, commodities, indices, stocks, and cryptocurrencies. This diversity allows traders to engage with various products, accommodating different trading strategies and risk tolerances. Whether you are a beginner looking to explore the forex market or a seasoned trader seeking to diversify your portfolio, the available products cater to various trader profiles. The inclusion of multiple asset types enhances strategic flexibility, enabling users to adapt their approaches based on market conditions and personal investment goals.
Account Types and Trading Conditions
What Account Types and Fees Does WALKERT Offer?
| Account Type | Target User Group | Essential Characteristics | Applicability Notes |
|---|---|---|---|
| Retail Account | Beginners and casual traders | Access to a variety of trading instruments | Ideal for small-capital practice |
| Professional Account | Experienced traders | Potential for higher leverage and lower spreads | Requires trading volume qualifications |
| Corporate Account | Corporate clients | Customized trading services | Requires corporate documentation |
| Islamic Account | Traders requiring swap-free accounts | Complies with Sharia law | Requires verification of eligibility |
| Demo Account | All types of traders | Practice trading without financial risk | Suitable for testing strategies |
Account Opening Process
To open an account with WALKERT, prospective clients need to follow several steps. Initially, individuals must submit personal information, which includes their name, contact details, and date of birth. Following this, applicants must provide employment information, including their occupation and income details. Additionally, financial information is required to assess the client’s trading experience and risk tolerance. Identity verification is a crucial step, which involves submitting a valid form of identification and proof of address to ensure compliance with legal requirements. It is important to note that clients may have the option to upgrade their account to a professional level later, depending on their trading activity and qualifications.
Trading Fees
| Product | Spread (pips) | Commission | Notes |
|---|---|---|---|
| Forex (Major Pairs) | Varies | $0 | Tight spreads available |
| CFDs (Stocks, Indices) | Varies | Varies | Depends on the asset |
| Commodities (Gold, Oil) | Varies | Varies | Depends on market conditions |
| Cryptocurrencies (BTC, ETH) | Varies | Varies | Dependent on volatility |
Other Fees
Clients should be aware of various additional fees that may apply. These include deposit and withdrawal fees, which can vary based on the method used. Inactivity fees may be charged if an account remains dormant for an extended period. Furthermore, platform usage fees may apply depending on the services utilized. Traders should also consider any overnight interest (swap rates) applicable to their positions. Lastly, currency conversion fees may be incurred for transactions involving different currencies.
Trading Platforms and Apps
What Trading Platforms and Apps Does WALKERT Offer for Traders?
| Platform | Device Support | Key Features | Additional Services |
|---|---|---|---|
| WALKERT Trader | Windows, macOS | Login security, market search, multiple order types, price alerts | Demo accounts, API interfaces |
| WALKERT Mobile App | iOS, Android | Convenient login, push notifications, basic charting tools | N/A |
| Web Version | All browsers | Market search, one-click trading, real-time data | N/A |
The WALKERT Trader platform is designed for desktop users, offering robust features including market search and login security, making it suitable for various trading strategies. The WALKERT Mobile App enables traders to engage in the markets conveniently while on the go, with essential alert features. The web version provides broader accessibility, ensuring that users can trade from any device with internet connectivity. Overall, WALKERT emphasizes secure logins, efficient execution, and real-time alerts across its platforms, catering to the needs of both novice and experienced traders.
Deposit and Withdrawal
Deposit and Withdrawal Options
| Payment Method | Processing Time | Fees | Limits | Base Currency Options |
|---|---|---|---|---|
| Bank Transfer | 3–5 days | No platform fee | Min 50, Max 20,000 | GBP, EUR |
| Credit/Debit Cards | Instant | No platform fee | Min 50, Max 10,000 | GBP |
| Cryptocurrency | Instant | Variable network fees | Min 50, Max 20,000 | BTC, ETH |
Minimum Deposit
The minimum deposit requirement for WALKERT is set at £50. This amount applies uniformly across deposit methods and does not vary by account type or region, ensuring accessibility for all prospective traders.
How to Withdraw
To withdraw funds from your WALKERT account, follow these steps:
- Log in to your WALKERT account.
- Navigate to the ‘Withdrawal’ section in your account dashboard.
- Select your preferred withdrawal method from the available options.
- Enter the amount you wish to withdraw, ensuring it complies with the limits.
- Submit your withdrawal request and wait for confirmation.
Customer Support
WALKERT Customer Support Overview
Support Channels
WALKERT provides several contact methods for customer support, including:
- Email: Customers can reach out via email at kf@walkert.cc for assistance with their inquiries.
- Live Chat: Currently, there is no information about a live chat service offered by WALKERT.
- Telephone: There are no listed telephone support options available.
- Social Media: Information regarding social media support channels is not provided.
Service Availability
The specific support hours for WALKERT are not mentioned, and it is unclear if they offer multilingual support or which languages are available. Prospective clients should be aware of these limitations when considering their customer service options.
Frequently Asked Questions
No, WALKERT currently operates without any valid regulatory oversight, raising concerns about its legitimacy and reliability in the financial market.
You can contact WALKERT’s customer support via email at kf@walkert.cc for assistance with your inquiries.
WALKERT offers a range of trading instruments including forex, commodities, indices, stocks, and cryptocurrencies, catering to various trading strategies and profiles.
To withdraw funds from your WALKERT account, log in, navigate to the ‘Withdrawal’ section, select your preferred withdrawal method, enter the amount, and submit your request for confirmation.
Related Forex Brokers
Risk Disclosure
Trading forex/CFDs via brokers carries high risks, including potential total loss. For any data changes, please refer to the latest information on the brokers' official websites. Trade with caution and seek independent advice.