212
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: [email protected]
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

Broker Review: Wallarmax

Wallarmax Website

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

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

Wallarmax Review: 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 Review: 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

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: [email protected]

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.

wallarmax-logo logo
  • Support
  • Platform
  • Spread
  • Trading Instrument
Comments Rating 1 (212 reviews)


You might also like

212 Comments

  1. Isabelle Strachan December 1, 2022
  2. Cody Leigh November 24, 2022
  3. Edward Le Fanu November 21, 2022
  4. Aiden Byatt November 17, 2022
  5. Gemma Ervin November 10, 2022
  6. Madeline Huish November 3, 2022
  7. Jesse Zox October 31, 2022
  8. Hayden Maley October 27, 2022
  9. Sam Mussen October 24, 2022
  10. Archer Snook October 20, 2022
  11. Savannah Hallen October 17, 2022
  12. Jai Lade October 13, 2022
  13. Hamish McWilliam October 10, 2022
  14. Claudia Reginald October 6, 2022
  15. Keira Wiedermann October 3, 2022
  16. Scarlett Jeanneret September 29, 2022
  17. David Spragg September 26, 2022
  18. Lauren Penman September 22, 2022
  19. Amelia Fry September 19, 2022
  20. Taylah Raymond September 15, 2022
  21. Anna Barry September 12, 2022
  22. Nathan Antill September 8, 2022
  23. Isabella Danks September 5, 2022
  24. Isla Wilkinson September 1, 2022
  25. Skye Poidevin August 29, 2022
  26. Callum Downie August 25, 2022
  27. Phoebe Camfield August 22, 2022
  28. Zachary Fox August 18, 2022
  29. Anthony Brookes August 15, 2022
  30. Jordan Ziesemer August 11, 2022
  31. William Fraser August 8, 2022
  32. Alexander Letcher August 4, 2022
  33. Stella Sawtell August 1, 2022
  34. Jacob Woods July 28, 2022
  35. Poppy Dalton July 25, 2022
  36. Jasper Bell July 21, 2022
  37. Lucas Blakey July 18, 2022
  38. Natasha McGregor July 7, 2022
  39. Zoe Resch June 27, 2022
  40. Tayla Harrison June 9, 2022
  41. Aiden French May 26, 2022
  42. Aaron Mason May 23, 2022
  43. Flynn Cheeke May 19, 2022
  44. Lachlan Hinton May 16, 2022
  45. Gabrielle Poate May 12, 2022
  46. Scarlett Knopwood May 9, 2022
  47. Toby Ashby May 5, 2022
  48. Cameron Longworth May 2, 2022
  49. Eve Hollinworth April 28, 2022
  50. Taj Connely April 25, 2022
  51. Ellie Drew April 21, 2022
  52. Caitlyn Mawson April 18, 2022
  53. Charlotte Cory April 14, 2022
  54. Keira Musgrove April 11, 2022
  55. Claire Raven April 7, 2022
  56. Anna Franklin April 4, 2022
  57. Darcy Beaumont March 31, 2022
  58. Edward Douglas March 28, 2022
  59. Max Curr March 24, 2022
  60. Julian Woods March 21, 2022
  61. Layla Foran March 17, 2022
  62. Dakota Rosenthal March 14, 2022
  63. Archie Struth March 10, 2022
  64. Angus Triaca March 7, 2022
  65. Dean Cattanach March 3, 2022
  66. Kai Pierce February 28, 2022
  67. Dakota Lowin February 24, 2022
  68. Brayden Wyselaskie February 21, 2022
  69. John Westacott February 17, 2022
  70. Skye Elkington February 14, 2022
  71. Jordan Pearson February 10, 2022
  72. Jürgen Friedmann February 7, 2022
  73. Eva Monahan February 3, 2022
  74. Elijah Kingston January 31, 2022
  75. Caleb Steffanoni January 27, 2022
  76. Sophia McConnell January 25, 2022
  77. Monika Kruger January 17, 2022
  78. Jade McGill January 13, 2022
  79. Angus Dempster January 10, 2022
  80. Stephanie Harries January 6, 2022
  81. Archer Selle January 3, 2022
  82. Cameron Crombie December 30, 2021
  83. Beau McGirr December 27, 2021
  84. Luca Whelan December 23, 2021
  85. Will Dyett December 20, 2021
  86. Cameron Pethard December 13, 2021
  87. Beau Shortland December 9, 2021
  88. Spencer Giorza December 6, 2021
  89. Eva Russell December 2, 2021
  90. Nick Artyomova November 29, 2021
  91. Alyssa Graves November 25, 2021
  92. Lauren Childe November 23, 2021
  93. Eve Bastyan November 18, 2021
  94. Sarah Smerd November 15, 2021
  95. Andrew Chowne November 11, 2021
  96. Xenophon Seleznev November 8, 2021
  97. Georgia McKean November 4, 2021
  98. Lachlan Daplyn November 2, 2021
  99. Gabriel Krylov October 28, 2021
  100. Jackson Szabados October 25, 2021
  101. Will Bayly October 21, 2021
  102. Ava Whitelegge October 18, 2021
  103. Matilda Cheel October 14, 2021
  104. Jayden Simoi October 12, 2021
  105. Madison Ritchard October 11, 2021
  106. Faith Tretiakova October 7, 2021
  107. Jade Tregurtha October 4, 2021
  108. Ruby Tennant September 30, 2021
  109. Yvon Barjavel September 27, 2021
  110. Mason Macalister September 23, 2021
  111. Anke Wannemaker September 20, 2021
  112. Gabriel Goderich September 16, 2021
  113. Zoe Clemes September 13, 2021
  114. Scarlett Bukowski September 9, 2021
  115. Tristan Coe September 6, 2021
  116. Christopher Sidaway September 2, 2021
  117. Christian Rumsey August 26, 2021
  118. Guzel Glebova August 23, 2021
  119. Andreas Braun August 19, 2021
  120. Leah Zweig August 17, 2021
  121. Lola Nanya August 12, 2021
  122. Matilda Gatty August 9, 2021
  123. Natalie Kuznetsova August 2, 2021
  124. Mandy Schweizer July 29, 2021
  125. Sophie Pfeffer July 26, 2021
  126. Maik Grunwald July 23, 2021
  127. Michael Peach July 19, 2021
  128. Martha Agafonova July 15, 2021
  129. Plato Abdulov July 8, 2021
  130. Sofia Bronner July 5, 2021
  131. Julia Kruger July 1, 2021
  132. Nail Lazarev June 28, 2021
  133. Kathrin Gottlieb June 24, 2021
  134. Sandra Grunewald June 21, 2021
  135. Sven Winkel June 14, 2021
  136. Andreas Bayer June 7, 2021
  137. Zac Henslowe June 4, 2021
  138. Katja Mauer May 27, 2021
  139. Stefan Walter May 24, 2021
  140. Jan Mayer May 20, 2021
  141. Jeremy Duckworth May 17, 2021
  142. Stefan Lang May 13, 2021
  143. Joseph Gabriaux May 6, 2021
  144. Zoe Tychonoff May 3, 2021
  145. Savannah Swanton April 29, 2021
  146. Mike Scherer April 26, 2021
  147. Dana Zhdanova April 22, 2021
  148. Wolfgang Blau April 19, 2021
  149. Ralph Koenig April 15, 2021
  150. Ralph Bauer April 12, 2021
  151. Charlotte Cockram April 8, 2021
  152. Nestor Golubev April 5, 2021
  153. Ralph Drechsler April 2, 2021
  154. Ludmila Yermakova March 31, 2021
  155. Jan March 29, 2021
  156. Patrick Gaunson March 25, 2021
  157. Marlon Lepage March 22, 2021
  158. Marco Hirsch March 18, 2021
  159. Melania Matveyeva March 15, 2021
  160. Dean Hawken March 11, 2021
  161. David Sparks March 8, 2021
  162. Tahlia Dovey March 4, 2021
  163. Christian Yuranigh February 25, 2021
  164. David Baum February 22, 2021
  165. Evdokim Gerasimov February 18, 2021
  166. Audric Trépanier February 15, 2021
  167. Fernanda Pereira Azevedo February 11, 2021
  168. Teresa Bogolyubova February 8, 2021
  169. Nick Vasiliev February 4, 2021
  170. Josette Barjavel February 1, 2021
  171. Phillipp Schmitz January 28, 2021
  172. Michael Alexandrov January 25, 2021
  173. Diana Kornilova January 21, 2021
  174. Georgia Cramp January 18, 2021
  175. Chapin Pinneau January 14, 2021
  176. Daniel Himmel January 11, 2021
  177. Fusberta Desjardins January 7, 2021
  178. Lucas Jasprizza January 4, 2021
  179. Gabriel Sodeman December 30, 2020
  180. Talbot Berthelette December 23, 2020
  181. Jürgen Berg December 22, 2020
  182. Bogdan Sokolov December 17, 2020
  183. Lily Freeman December 14, 2020
  184. Stephan Fuerst December 10, 2020
  185. Alaine Brousse December 7, 2020
  186. Gayane Mironova November 30, 2020
  187. Thomas Vogt November 26, 2020
  188. Frédéric Paré November 19, 2020
  189. Maddison Hutchison November 16, 2020
  190. Luca Sommer November 13, 2020
  191. Annot Boisvert November 9, 2020
  192. Alice Loewe November 5, 2020
  193. Kristian Lehmann November 2, 2020
  194. Gabriel Volkov October 29, 2020
  195. Mark Galkin October 26, 2020
  196. Lucinda Langley October 22, 2020
  197. Laurette Course October 19, 2020
  198. Gore Andreev October 15, 2020
  199. Vachel Sauvé October 12, 2020
  200. Gabriella Molvig October 8, 2020
  201. Brooke Keith October 5, 2020
  202. Prokhor Ponomarev October 1, 2020
  203. Jonathan Dumolo September 28, 2020
  204. Hannah Goldhar September 24, 2020