Walkert, officially known as Walker Financial Management, was established between 2017 and 2018. The broker is registered in the United Kingdom and operates as a private entity. Walkert primarily targets retail forex traders and institutional clients, providing a range of trading services in the forex market. Over the past few years, Walkert has claimed to develop its services and expand its customer base, although it has faced significant challenges regarding its regulatory status and operational transparency.
As part of its operational model, Walkert engages in retail forex trading, allowing clients to trade various currency pairs. The company asserts that it is affiliated with Walkert Alliance Ltd., although the validity of this claim remains questionable due to a lack of credible regulatory oversight.
Walkert is purportedly regulated by the Financial Conduct Authority (FCA) in the UK, under the license number 471178. However, this license is categorized as a suspicious clone, raising serious concerns about the legitimacy of the brokerage. The lack of valid regulatory oversight means that clients may not have adequate protections for their funds.
Walkert does not provide clear information regarding the segregation of client funds, which is crucial for ensuring the safety of traders' investments. There is also no indication of participation in any investor compensation schemes, which further exacerbates the risks associated with trading through this broker.
The broker claims to adhere to Know Your Customer (KYC) and Anti-Money Laundering (AML) compliance measures, but the details of these policies are not readily available, leaving potential clients in the dark regarding the security of their personal information and funds.
Walkert offers a limited selection of trading products, primarily focusing on forex currency pairs. The exact number of available forex pairs is not specified, but traders can expect to engage in the buying and selling of major, minor, and exotic currency pairs. In addition to forex, Walkert claims to provide other trading instruments, although specifics about CFDs on indices, commodities, stocks, or cryptocurrencies are not clearly outlined.
The broker does not frequently update its product offerings, and there is no indication of any unique or proprietary trading products available to clients. Walkerts primary service is retail trading, with no apparent offerings for institutional clients or white-label solutions.
Walkert provides its clients with a proprietary trading platform known as Walkert Trader. This platform is designed to facilitate access to global financial markets and offers functionalities similar to popular platforms like MetaTrader 4 (MT4) and MetaTrader 5 (MT5).
The Walkert Trader platform includes features such as advanced charting tools, real-time market data, and trading signals. However, it lacks the robust capabilities of MT4 and MT5, which are industry standards. The platform supports automated trading through the use of Expert Advisors (EAs) and allows traders to customize their trading strategies.
In terms of infrastructure, Walkert does not provide detailed information about its server locations or the technical specifications of its trading environment, which is critical for assessing the reliability and speed of trade execution.
Walkert appears to offer a standard account type, but specific details regarding minimum deposit requirements, spreads, and commissions are not disclosed. There is no information available about advanced account types such as VIP or professional accounts, nor about the availability of Islamic or corporate accounts.
The broker does not provide a demo account option, which is typically essential for new traders looking to practice their skills without financial risk. Additionally, the leverage offered by Walkert is not specified, which is a critical factor for traders looking to manage their risk exposure effectively.
The minimum trade size and overnight fees are also unspecified, making it challenging for potential clients to evaluate the trading conditions adequately.
Walkert supports several deposit methods, including bank wire transfers, credit cards, and electronic wallets. However, the minimum deposit requirements vary across account types, and specific amounts are not provided.
Deposit processing times are not explicitly stated, and there may be fees associated with deposits, although these details are not disclosed. Withdrawal methods are similarly limited to bank wire transfers, with no clear information regarding withdrawal limits or processing times.
Clients have reported difficulties in withdrawing funds, which raises significant concerns about the broker's reliability and operational transparency.
Walkert offers limited customer support channels, primarily through email at kf@walkert.cc. There is no indication of live chat or telephone support, which can hinder timely assistance for clients facing issues.
The broker claims to provide support in multiple languages, but specific languages offered are not detailed. Educational resources such as webinars, tutorials, or eBooks are not mentioned, which can be a disadvantage for novice traders seeking to enhance their trading knowledge.
Market analysis services, including daily updates, news, and research reports, are also absent from Walkerts offerings, limiting the resources available to traders for informed decision-making.
Walkert primarily serves clients in the United Kingdom, with a notable influence in regions such as Hong Kong and Japan. However, specific details about regional offices or the geographical distribution of services are not provided.
The broker does not accept clients from certain countries, but the list of restricted jurisdictions is not specified. Potential clients are advised to verify their eligibility before attempting to open an account with Walkert.
In conclusion, while Walkert broker presents itself as a forex trading platform with various services, significant concerns regarding its regulatory status, product offerings, and operational transparency should be carefully considered by potential clients. It is crucial to conduct thorough research and evaluate the risks associated with trading before engaging with Walkert.
老顽童90139
Hong Kong
I’ve invested over 200,000 yuan in WALKERT. Now this platform has been suspended for three years. How can I recover my money?
Exposure
2021-04-21
FX1213063619
Hong Kong
You can profit here at first. But if you wanna get your principal, you will be rejected with various reasons. And their leader still live-streams in TikTok and Kwai
Exposure
2021-02-05
老顽童90139
Hong Kong
I invested in WALKERT to speculate in foreign exchange, and the company has absconded for three years. Could it be that once the company escaped, there would be no department to supervise it?
Exposure
2021-04-27