Broker Review: Wallarmax
| General Information | |
|---|---|
| Broker Name: | Wallarmax |
| Broker Type: | Forex |
| Country: | UK |
| Operating since year: | - |
| Regulation: | None |
| Address: | 60 Cleveland St, Fitzrovia, London W1T 4JZ |
| Broker status: | Unregulated |
| Customer Service | |
| Phone: | 442080891603 |
| Email: | info@wallarmax.com |
| Languages: | English |
| Availability: | 24/5 |
| Trading | |
| Trading platforms: | Proprietary |
| Trading platform Time zone: | - |
| Demo account: | No |
| Mobile trading: | Yes |
| Web-based trading: | Yes |
| Bonuses: | No |
| Other trading instruments: | Yes |
| Account | |
| Minimum deposit ($): | $250 |
| Maximal leverage: | 1:30 |
| Spread: | Floating |
| Scalping allowed: | No |
WALLARMAX REVIEW CONTENT:
- GENERAL INFORMATION
- FUNDS TRADING AND SECURITY
- TRADING ACCOUNTS
- TRADING CONDITIONS
- TRADING PLATFORM
- WALLARMAX’S TRADING PRODUCTS
- CUSTOMER SERVICE
- CONCLUSION
General Information
Entering Wallarmax’s website feels like opening up a YouTube video from 2009. As you scroll down, each new section slides shakes or jiggles its way onto your screen. That, along with the general design of the website, leaves a feeling that the broker is cheap.
Looks are seldom the determining factor of quality service, but in our Wallarmax review, you’ll see that aesthetics are the least of the broker’s issues.
Funds Trading and Security
Wallarmax’s website says they are located in the UK. However, that’s written in the customer support section. Scam brokers often open a support office somewhere and then claim that place as their address. We speculate that might be the case, and if it is, it’s another sign that the broker shouldn’t be trusted. Another strong indication that Wallarmax is a scam is that they aren’t covered by any regulatory bodies.
But that’s not all either, moving onto the accounts, you’ll see more proof of the malicious nature of Wallarmax.
Trading Accounts
If you’ve been in the trading world for a while, you’ve probably gotten good at spotting scam brokers based on the accounts they provide. Some of the things to look out for are the lack of a demo account, a starting figure of $250, and large jumps between different account types. And as far as those things go, Wallarmax hits all three.
What’s specific with Wallarmax, however, is that they managed to make their most expensive account look less attractive than the previous one, with smaller leverage.
Trading Conditions
The trading conditions are all over the place, although they’re quite underwhelming altogether. The max leverage you can get is a laughable 1:30, and then it drops to 1:5 when you hit the VIP account type. No, you didn’t read that wrong, it gets worse when you get to the most expensive tier. The situation is similar with spreads, which go from 1.3 to 1.5 to 0.1. At least they almost got that one right.
Trading Platform
Wallarmax uses a proprietary platform, which would make some people think they put in some extra effort. However, a custom platform is just a shortcut scam brokers tend to take. Software like that is usually faulty, unintuitive, or unsecure, often being a combination of those three. On top of all of that, since there’s no demo option, you can’t even see how the platform looks or handles unless you pay $250.
Even with their trading platform, the easiest thing to get right, Wallarmax managed to mess up.
CoinePro’s Trading Products
So far, our Wallarmax.com review should’ve given you the impression that the broker is quite unprofessional and a scam. Their trading products strengthen the first of those two points, as clicking on the results in the unwelcome surprise of a popup ad. That’s a much smaller transgression than them stealing money from people, but it’s so petty that we couldn’t miss mentioning it.
Customer Service
There’s nothing remarkable to say about the customer support at Wallarmax. They organized a phone line, and email like most brokers do. They also have a live chat option, but nobody answers so you can scratch that off. The work hours are unclear, so we’ll just assume it’s the standard 24/5.
Phone: 442080891603
Email: support@CoinePro.com
Conclusion
It’s not difficult to conclude from our Wallarmax review that they are a scam. To us, however, it’s difficult to see who they were trying to lure in. The website is cheap, and half the info is missing, while the service they advertise is quite underwhelming. Even if Wallarmax was completely secure, we don’t see why someone would pick them over alternatives.
All in all, it’s good that Wallarmax is so careless since it makes it easy to single them out as a scam. It goes without saying that we don’t recommend using the broker’s services to anyone fond of their money.
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Support
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Platform
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Spread
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Trading Instrument
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They don't let me withdraw
They are just after deposits and won’t let you withdraw money. I should know, I have traded with them and become a victim of their schemes.
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Fraud
Avoid this broker company. They are frauds and never pay a profit.
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Bad broker
Not a good trading broker. They never pay profit.
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Avoid this forex broker
It will be better to avoid this broker. They have such great offers which are very enticing but you will surely regret it because trading results are not desirable.
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Do not deal
Negligent and very unprofessional broker. Do not work with them.
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Slow withdrawals
Slow withdrawals. It took them almost a month. Had so many follow-ups.
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Rude and unhelpful
I am not trading with this broker again. They have the worst customer service, very rude and unhelpful.
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Worst trading platform
One of the worst trading platforms. It always has technical issues. It is very confusing and difficult to interpret.
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Unresponsive
I wish customer service is available all day, especially over the weekends. It is very difficult to connect to their customer service and yet their time is limited and they are very unresponsive.
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Scam
It’s plain and simple. Nothing is real, it’s a scam.
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Delayed responses
Delayed responses from customer service. Sometimes they don’t even reply at all.
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Can't withdraw
They are good at tricks. They have convinced me to deposit but eventually Freeze everything. I can not withdraw.
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Unresponsive customer service
Unresponsive customer service. They ignore my messages most of the time.
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Slow withdrawals
Overall, this is a good broker except that their withdrawals have great delays. Very slow withdrawal process, it actually takes weeks before I got mine so I closed my account and look for a new broker instead.
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Poor signals
One of the worst tading brokeres I have traded with. Do not trust their signals.
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Do not deal
Negligent and very unprofessional broker. Do not work with them.
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Poor forex broker
There so many restrictions even on withdrawals. Not a good broker to deal with.Poor signals and worst services.
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Worst trading platform
One of the worst trading platform. It aways has technical issues.It is very confusing and difficult to interpret.
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Drained my bank account
They have access and drained my bank account. I regret dealing with this broker.
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Slow withdrawals
Slow withdrawals. It took them almost a month. Had so many follow ups.
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Poor forex company
Not a good trading company. They are not even skilled in forex trading.
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Delayed responses
Delayed responses from customer service. Sometimes they don’t even reply at all.
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Worst company
Worst trading company. Avoid them.
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Do not trust
I notice price and chart manipulation here. Do not trust them.
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Delayed withdrawals
Delayed withdrawals. It is always like this, there is always a great delay.
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Worst services
Do not be fooled by their false advertisements. They will tell all the good things about their services but nothing is true. Services are one of the worst.
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Inaccurate signals
Not an ideal trading broker. The signals are inaccurate.
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Trouble with withdrawal
I am in trouble requesting a withdrawal. I’m gonna be closing my account and will never trade with this again.
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Do not trade here
Do not trade here. They do not approve withdrawals no matter what.
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Scammers
Pathetic scammers. They keep on calling to collect money.
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Expensive assets
Fewer assets to choose from and are very expensive. Overall performance is not that good.
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Bad broker company
They are a bad broker company. Do not trust them with your hard-earned money.
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Scammers
Do not do any transactions with them. Avoid giving them any information, they are scammers.
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Scammers
Notorious scammers. Avoid dealing with them.
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Unreliable
Extremely unreliable broker services. Do not trade with them.
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Beware
Beware of these people. They are notorious scammers.
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Waste of money
I regret joining this broker service. I only lose money and wasted my time for nothing.
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Inaccurate signals
Not an ideal trading broker. The signals are inaccurate.
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Scammers
Scammers! Leave us alone.
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No withdrawals
No withdrawal of funds here. Do not deposit anything.
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Worst broker
They turned out to be the worst broker. They seem okay upon deposit but they become worst as I trade along.
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Scammers
Notorious scammers. Avoid dealing with them.
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Unhelpful customer service
They’ve got the worst customer service I have ever dealt with. They are unhelpful and very rude.
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Bad company
I got a cold call from this company. People are very arrogant. Have forced me to provide bank details over the phone.
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Unprofessional
Stay away from this broker, they are very unprofessional and rude.
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Inaccurate signals
Not an ideal trading broker. The signals are inaccurate.
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Do not pay profit
They collect and collect money but never pay a profit. Do not deal with them.
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Inaccurate signals
Not an ideal trading broker. The signals are inaccurate.
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Worst broker company
The worst company I have ever dealt with. They turn very unresponsive after deposit.
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Worst trading platform
One of the worst trading platforms. It always has technical issues. It is very confusing and difficult to interpret.
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Poor services
Poor services. It is quite evident on my trading results.
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Bad customer service
Bad customer service. Every time I call, they always pass me over to other desks. I get the runaround without getting any resolution.
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Waste of money
I regret joining this broker service. I only lose money and wasted my time for nothing.
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Disappointing broker service
Disappointed with this broker company. I get nothing but losses.
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Slow services
Slow services and worst platform. Customer service are always very unresponsive. Not worth trading with.
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Difficult to withdraw
It is very difficult to withdraw money with this broker. They will also charge you for so many violations to block withdrawals.
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Bad broker
Bad broker company. Do not deal with them.
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Rude customer service
Rude customer service. They are very disrespectful.
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Weak broker signals
I am happy with the trading terms but not with the trading profits as if signals are weak.
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Do not deal
Negligent and very unprofessional broker. Do not work with them.
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Annoying withdrawal
Very annoying withdrawal process. They ask for so many documents.
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Slow withdrawals
Overall, this is a good broker except that their withdrawals have great delays. Very slow withdrawal process, it actually takes weeks before I got mine so I closed my account and look for a new broker instead.
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Poor services
Poor services especially withdrawals. They keep sending my documents back and they decline my withdrawal request several times.
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Stay away
Stay away from their offers. All are just trap to steal your money.
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Problems on withdrawals
I always experience problems with withdrawals. I am not going to recommend this broker.
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Unresponsive
I wish customer service is available all day, especially over the weekends. It is very difficult to connect to their customer service and yet their time is limited and they are very unresponsive.
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Bad broker
Bad broker company. Do not trust them.
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Poor services
Poor broker service. Do not trade with them.
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Worst company
Worst trading company. Avoid them.
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Problems on withdrawals
I always experience problems with withdrawals. I am not going to recommend this broker.
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Not worth trading with
They are good at convincing people to add more money. But not really worth trading with.
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Worst trading company
Worst company for online trading. I never get my profit instead I get so many losses.
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Do not trade with them
Save yourself from losing money. Do not be enticed by this broker’s offers. Do not trade with them.
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Drained my bank account
They have access and drained my bank account. I regret dealing with this broker.
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Poor broker performance
Poor broker performance. As if they are not real brokers, they are not well-versed in online trading.
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Delayed responses
Delayed responses from customer service. Sometimes they don’t even reply at all.
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Unprofessional
Stay away from this broker, they are very unprofessional and rude.
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Ineffective brokers
I won’t recommend this broker to anyone. They are not effective brokers.
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Do not trust
What they have is fake trading, do not trust them.
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Poor broker performance
Overall performance is below satisfactory. They can not even give a decent profit.
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Stay away
Stay away from this broker. They do chart manipulation, which I notice was a bit different from my research.
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Avoid this forex broker
It will be better to avoid this broker. They have such great offers which are very enticing but you will surely regret them because trading results are not desirable.
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Rude customer service
Rude customer service. They are very disrespectful.
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Rude and unhelpful
I am not trading with this broker again. They have the worst customer service, very rude and unhelpful.
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Inefficient services
Bad trading services. All services are very inefficient.
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Annoying withdrawal
Very annoying withdrawal process. They ask for so many documents.
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Scammers
Scammers! Do not invest money here.
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Scammers
Notorious scammers. Avoid dealing with them.
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Not worth trading with
They are good at convincing people to add more money. But not really worth trading with.
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Worst trading experience
I had the worst trading experience with this broker. I have lost so much money. They promised one thing but on the actual trading, it did not happen.
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Not worth trading with
They are good at convincing people to add more money. But not really worth trading with.
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Avoid this broker
Save yourself from losses. Avoid this broker by all means.
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Rude customer service
Rude customer service. They are very disrespectful.
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Bad customer service
Bad customer service. They are unhelpful and rude.
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Bad broker
Not a good trading broker. They never pay profit.
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Not a good deal
Not a good deal. I lose more money.
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Not recommended
Not recommended. There are so many bad reasons to change them, got so many losses.
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Scammers
Notorious scammers. Avoid dealing with them.
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Huge fees
Do not trade with this broker, they are great cheaters. Will charge you with so many fees you can imagine.
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Annoying withdrawal
Very annoying withdrawal process. They ask for so many documents.
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Poor forex broker
There are so many restrictions even on withdrawals. Not a good broker to deal with. Poor signals and worst services.
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Bad people
Please save yourself from them. They are bad people and they are stealing money from all.
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Bad broker company
Questionable company information. As if they do not exist really.
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Poor signals
One of the worst trading brokers I have traded with. Do not trust their signals.
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Bad broker
I had a hard time requesting a withdrawal. Bad trading broker.
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They don't let me withdraw
They are just after deposits and won’t let you withdraw money. I should know, I have traded with them and become a victim of their schemes.
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Nonsense
Do not waste your money and time on this nonsense.
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Worst broker
I traded with them for a month. During this short span of time, I saw the worst. Slow withdrawals, weak signals, and rude customer service.
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Scammers
Scammers! Do not invest money here.
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Worst broker company
The worst company I have ever dealt with. They turn very unresponsive after the deposit.
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Slow customer service
Slow customer service. They do not attend to trading needs promptly, causing too many losses.
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Services becoming worst
When you start trading with this broker everything seems fine but as you go on you will start to see changes. Services and profit becoming worst.
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Slow
Slow customer service and withdrawals. Not trading here again
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Do not trust
What they have is fake trading, do not trust them.
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Undesirable trading result
Undesirable trading results. I am so frustrated that they do not meet what was projected.
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Bad customer service
Bad customer service. Really very frustrating and annoying.
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Slow
Slow customer service and withdrawals. Not trading here again
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Ineffective brokers
I won’t recommend this broker to anyone. They are not effective brokers.
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Inaccurate signals
Not an ideal trading broker. The signals are inaccurate.
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Bad services
Bad services. Do not trade here.
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Rude customer service
Rude customer service. They are very disrespectful.
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Not a good deal
Not a good deal. I lose more money.
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Worst experience
The worst experience I had is with this broker. I lose all my money and faces so many troubles.
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Inaccurate signals
Not an ideal trading broker. The signals are inaccurate.
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Waste of money
I regret joining this broker service. I only lose money and wasted my time for nothing.
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Avoid this broker
Avoid this broker company by all means. They are not a good broker to deal with.
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Not worth trading with
They are good at convincing people to add more money. But not really worth trading with.
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Fraudster
Fraudster! Report them to authorities when they call.
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Inaccurate signals
Not an ideal trading broker. The signals are inaccurate.
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Rude customer service
Rude customer service. They are very disrespectful.
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Bad broker company
Bad broker company. They have scammed so many people based on the reviews I read online.
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Worst company
Worst trading company. Avoid them.
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Outdated trading platform
Trading platform is outdated and has so many technical problem. I have reported this so many times but left unresolve. I can’t deal with it, I have closed my trading account instead.
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Worst company
One of the worst broker companies, They do not honor their words.
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Bad broker
Not a good trading broker. They never pay a profit.
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Scammers
Notorious scammers. Avoid dealing with them.
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Rude customer service
Rude customer service. They are very disrespectful.
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Poor broker performance
Poor broker performance. As if they are not real brokers, they are not well-versed in online trading.
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Scammers
Notorious scammers. Avoid dealing with them.
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Bad customer service
Bad customer service. They are unhelpful and rude.
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Bad services
Bad services. I will never trade with them again.
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Not a good broker
Hi! Testing them for over a week now and as early as 1 week, it’s really a no. Not a good broker.
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Worst company
Worst company to deal with. Been there, avoid them.
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Annoying withdrawal
Very annoying withdrawal process. They ask for so many documents.
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Worst company
Worst company to deal with. Been there, avoid them.
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Inaccurate signals
Not an ideal trading broker. The signals are inaccurate.
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Waste of money
I regret joining this broker service. I only lose money and wasted my time for nothing.
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Do not trade
Do not trade with them, they are illegitimate brokers.
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Poor signals
Signals are not good. They are used to work on elsewhere, on freezing money I guess.
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Bad customer service
Bad customer service. They are unhelpful and rude.
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Ineffective brokers
I won’t recommend this broker to anyone. They are not effective brokers.
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Unreliable signals
Unreliable trading signals. Not a good fit for online trading.
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Nonsense
Do not waste your money and time on this nonsense.
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Poor signals
One of the worst trading brokers I have traded with. Do not trust their signals.
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Annoying withdrawal
Very annoying withdrawal process. They ask for so many documents.
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Scam-broker
Stay away from this scam-broker. They have caused me so many miseries.
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Bad trading experience
Bad trading experience. I have lost money on the trading offers.
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Unable to withdraw anything
If you trade with this broker, surely you will never be able to withdraw anything.
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Poor trading results
Good customer service but poor trading results. I chose to close my account instead. Anyway, I am a profit which they can’t give.
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Unreliable brokers
Extremely unreliable and rude brokers. They force me to put more money on my trading account.
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Poor forex broker
Do not trade with this broker. They are not good at all.
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Unresponsive
Unresponsive customer service. They take concerns for granted.
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Worst broker
The worst broker services I have ever tried. I cannot rely on the services and their signals.
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Poor trading services
Poor trading services. I will never recommend this broker and will not trade with them again.
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Poor forex broker
There so many restrictions even on withdrawals. Not a good broker to deal with. Poor signals and worst services.
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Worst services
Worst and unreliable broker services. I cannot depend on them being my forex broker.
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Poor services
Poor services specially withdrawals. They keep sending my documents back and they decline my withdrawal request several times.
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Poor forex brokers
I am truly satisfied with their customer support who are always ready to help me. However, broker’s signals aren’t that good enough to gain profit.
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Avoid this broker
Avoid them totally. They seem to manipulate trade and collect all your deposits. I get consecutive losses which are very suspicious.
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Slow customer service
Slow customer service. They are not good at all.
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Troubled with withdrawals
I had faced so much trouble with withdrawals. I can not get approval on my withdrawal request.
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Bad trading company
Bad trading company. Options are very limited and they do not approve withdrawal requests.
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Poor services
Poor services. Stay away from this trading company.
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Unhappy with trading results
I am unhappy with the trading results. I guess I will have to switch broker.
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Not an ideal forex broker
Not an ideal broker for online trading. They can’t even come up with a good market analysis.
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Do not trade
Worst customer service and slow withdrawals. Do not trade with them.
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Incompetent broker
Incompetent broker company. I get nothing but losses.
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Not recommended
I do not recommend this broker company. They are not good trading partners.
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Inaccurate signals
Inaaccurate signals. They have let me lose thousand dollars.
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Poor services
Poor services. I am not recommending them.
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Do not invest here
Do not invest money here. What they have is purely a scam.
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Poor customer service
The worst customer service I have dealt with. Communication skills are poor and they have poor comprehension, too.
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Worst trading company
Worst trading company I have ever dealt with. Worst signals, services and everything.
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Avoid this broker
Just a piece of advice, avoid this broker by all means. They let you lose as if they are earning from losses.
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Inefficient broker
Ineffective trading advice and inefficient trading services. I am not trading with these people again.
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Slow withdrawals
The slow process of withdrawals, poor customer service, and platform technical issues are among the reason I have changed my broker.
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Expensive to trade with
Initial deposit seems affordable on their website but once the account is activated and you wish to start trading, the initial deposit ain’t enough to trade. Per lot, processes are ay too expensive. I end up losing my initial deposit because I can not add more money to trade and I can not refund the initial deposit either.
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Avoid this broker
Avoid this broker by all means. They do not pay off profit and are very rude.
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Slow withdrawals
Very slow withdrawals and there is a great delay in support and broker responses. I will change this broker to someone better.
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Poor services
Poor service. Just a waste of money and time. Not a good broket for forex trading.
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Worst customer service
Worst customer service. Out of all the brokers I have traded with, they have the worst customer service. Can’t even help me with any of my trading concerns.
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Inefficient brokers
Inefficient trading services. Slow customer service and slow withdrawals, I’ve got no reason to keep their services.
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Worst trading platform
Worst broker. Platform issues most of the time, customer service is so inattentive, and worst of all requirements to withdraw are very difficult to produce.
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Unpleasant customer service
Very unpleasant customer service. They are bad mannered and are very unhelpful.
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Disgusting brokers
Disgusting phone calls. They have very aggressive marketing staff who are very persistent in asking for redeposit.
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Do not deal with this broker
Be careful in choosing the right forex broker partner, make sure not to deal with this broker service. I have lost a lot of money on this forex broker, services aren’t good at all.
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Slow withdrawals
Slow withdrawals. It took them so many weeks to process withdrawals.
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Absolutely worst
Absolutely worst. I am unable to withdraw profit and customer service is rude.
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Rude customer service
Trading instruments are very expensive and customer service is very rude. I actually don’t see anything special with this broker service.
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Junky broker signals
Poor broker signals, market analysis is very far from reality. I had great losses that is why I switch to other forex brokers.
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Slow withdrawal
Not a good idea to trade with them. Withdrawal is very slow.
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Poor platform
There are so many issues with the platform. Not an ideal software to use.
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Slow withdrawals
Slow withdrawals and poor customer service. Do not trade with them.
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Do not invest here
Not a good idea to invest money here. It is just a waste of time.
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Huge slippage
Huge slippage. As if they are gaining from it.
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Not legit
Not a legit forex broker. Do not trade with them.
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Stay away from this
Stay far away from this trading broker. They will rip off your wallet.
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Stay away
Stay away from their trading schemes. Not good at all.
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Rude brokers
Not a good one to deal with. Rude and arrogant brokers.
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Poor trading systems
Poor trading systems and services. I will never trade with them again.
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Poor brokers
Poor trading brokers. I am not trading with them again.
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Bad trading experience
Bad trading experience. I have lost money on the trading offers.
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Worst trading tools
Worst trading tools. There are so many technical problems.
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Poor trading brokers
They have convinced me to invest money by showing me possibilities. But the worst part is I lose money instead. Poor trading brokers.
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Bad services
Bad services. Do not trade with them.
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Scammers
Be very careful. Do not deal with them, they are scammers and they only ask for more money.
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Fake trading
Fake trading scheme. I have been a victim of this, stay away from them.
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Worst trading signals
Worst trading software and poor signals. Do not trade with them.
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Stay away from them
Stay away from them. They are liars and cheaters.
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Do not trade
Worst customer service and slow withdrawals. Do not trade with them.
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Worst experience
I got the worst experience of my life from this broker.
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Scammers
Do not provide any of your information to them. They are scammers.
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Irresponsible broker
Irresponsible trading broker. I have lost so much because of their negligence.
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Not recommended
Worst trading software, worst trading services. No reason to recommend.
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Avoid them
Avoid this broker by all means. They rob money from people.
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Stay away
Stay away from them. They rub people’s bank account.
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Do not deal
Unpleasant brokers and customer service. Do not deal with them.
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Do not pay profit
Do not pay for profit. So many lame excuses.
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Do not trade with them
I was cheated here. Do not trade with them.
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Big scam
Do not fall for this. This is a big scam.
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Fake brokers
Don’t use this broker. They are not real trading brokers.
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Be careful
Be careful not to give in to their deceptive scheme. They will just take your money away.
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Bad behavior
Bad behavior people. They have ripped me off my bank account.
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Do not process withdrawals
Not an ideal forex trading brokers. They do not process withdrawals.
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Unregulated
Unregulated and fake. Do not trust them.
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Good at stealing money
They steal money from people. That’s where they are good at.
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Losses
Extremely worst. I get several losses.
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Fake broker
Pretending to be a regulated and a good broker. Everything here is fake.
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What are those conditions in 2020? Does anybody actually intend to trade with them?
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Big scam, big sad
Worst broker I ever traded with, of course i got scammed
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