Wallwood Broker has impersonated itself as a Financial Conduct Authority regulated organisation and claims to be the most inventive broker in the trading market. It further alleges to provide trading on the most versatile trading platform MetaTrader and variety of trading assets. All the claims of Wallwood Broker seem to be false. The broker is completely anonymous and received a scam warning by the financial regulator CONSOB. In this Wallwood Broker review, you will find all the proper details of it here. Read the full Wallwood Broker review here.
About Wallwood Broker:
Total of four trading accounts namely Bronze, Silver, Gold and Compare with a minimal deposit of $500, $1000, and $2500 respectively. However, when we explore read more section the initial investment is $500, $5000, and $25000 can be seen. It means the broker is playing with its clients. The maximum leverage of 1:500 and 1 pip spread are shown on the official website. It provides trading on several trading accepts like fx, crypto, commodities, stocks, share, and indices. The broker does not provide anything about its brand owner, from where it is operational and so on. It means the broker is anonymous. Furthermore, the Italian broker CONSOB has issued a scam warning against it. It is yet another red flag. So, it is evident that the brokers claim about FCA regulation is a lie. In addition to this, there is no term and condition section available on the official website. It is evident that the clients of Wallwood Broker could not make money with it. The broker also claims to provide MetaTrader trading account. But after registering with it we got access to the only web-based trading account. It could not be compared to MetaTrader. The spreads of up to 1 pip can be seen on the trading platform but considering brokers low credibility it’s not feasible to trade with it. The leverage of 1:500 is very high and can cause huge losses. The minimum deposit is very different than what is advertised and many folds higher. There is the only payment option in the place. Cryptocurrency wallet TinkBit is offered. It is also evident that the cryptocurrency transactions are untraceable and irreversible. Using this Wallwood Broker can easily dupe its clients.
Is Wallwood Broker scam or legit?
The broker Wallwood is anonymous with blacklisted status. The trading conditions and the initial investment is falsely claimed. Overall, all presentation of Wallwood Broker is exactly the same as the scam broker. Therefore, we call it a potential scam broker 2020.