WalmartOnline2 is a forex and CFD broker that claims to offer a variety of trading services to its clients. However, there are a number of red flags that suggest that WalmartOnline2 is a scam broker.
Company Overview
WalmartOnline2 is a relatively new broker, having been founded in 2022. The company does not have a clear legal entity or address, and it is not regulated by any financial authority. This is a major red flag, as regulated brokers are subject to strict rules and regulations that help to protect their clients.
Does WalmartOnline2 Have Any License?
No, WalmartOnline2 does not have any license to operate as a forex or CFD broker. This is a major red flag, as only licensed brokers are legally allowed to offer these services.
Is WalmartOnline2 Regulated By Any Authority?
No, WalmartOnline2 is not regulated by any financial authority. We did not find any regulation information as they require login before you enter their website. This is another major red flag, as regulated brokers are subject to regular oversight by a governing body.
Pros and Cons
Pros:
- The minimum deposit is low.
- The trading platform is user-friendly.
Cons:
- The broker is not regulated.
- There is no customer support.
- There have been reports of withdrawals being delayed or denied.
How Does WalmartOnline2 Reach To Their Prey?
WalmartOnline2 uses a variety of methods to reach out to potential victims. These methods include:
- Online advertising: WalmartOnline2 advertises heavily on websites and social media platforms.
- Cold calling: WalmartOnline2 employees cold call potential victims and offer them free trading advice.
- Spam emails: WalmartOnline2 sends spam emails to potential victims, offering them the opportunity to make easy money with forex trading.
Technical Details
Minimum Deposit:
The minimum deposit at WalmartOnline2 is $150.
Trading Platform:
WalmartOnline2 uses the MetaTrader 4 trading platform. This is a popular platform that is used by many forex and CFD brokers.
Spread:
The spreads at WalmartOnline2 are variable. This means that they can change depending on market conditions.
Leverage:
The leverage offered by WalmartOnline2 is up to 1:500. This means that a trader can control a position size that is 500 times their deposit.
Packages and Products They Offer
WalmartOnline2 offers a variety of trading packages to its clients. These packages include:
- The Basic Package: This package is for beginners and offers a small number of trading features.
- The Standard Package: This package is for intermediate traders and offers a wider range of trading features.
- The Professional Package: This package is for experienced traders and offers the most advanced trading features.
Withdrawal and Deposit Method
WalmartOnline2 offers a variety of deposit and withdrawal methods, including:
- Credit/debit cards
- Bank transfers
E-wallets
What Do Their Previous Traders Say?
There are a number of complaints about WalmartOnline2 online. These complaints include:
- The broker is not regulated.
- There is no customer support.
- Withdrawals are delayed or denied.
Summing Up- Why Should Not You Trust WalmartOnline2
There are a number of reasons why you should not trust WalmartOnline2. These reasons include:
- The broker is not regulated.
- There is no customer support.
- There have been reports of withdrawals being delayed or denied.
If Bad Things Happen, Where Can You Get The Quick Solution?
If you have lost money with WalmartOnline2, you may be able to get your money back through our professional free consultation and recovery service recommendations.
File A Complaint Against Scam Broker's
Final Thoughts
WalmartOnline2 is a scam broker that should be avoided. If you are considering trading with this broker, we urge you to reconsider. There are many legitimate forex and CFD brokers out there that offer a safe and secure trading environment.
We hope this article has been helpful. If you have any further questions, please do not hesitate to ask.
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