Walton Chase Review (2021): Beware of This Unregulated Broker
Waltonchase.com is an unregulated broker website that hides behind a cloud of great promises. Read this Walton Chase broker review to before you consider trading with them.
As the forex market grows in popularity, it continues to attract scammers’ attention. These illegal brokers are only out to rid traders of their money. In order to help traders get past this, we’ve made it our duty to review forex broker websites, then help you tell which one’s legit and which one’s not. This review tells you all you need to know about Walton Chase Brokers.
About Walton Chase Broker
Walton Chase is a brokerage company under the name, “Walton Chase Ltd”. They operate from two locations; UK and Australia. Waltonchase.com claims to offer over 200 assets. These include stocks, indices, crypto, commodities and currencies.
After going through the website, we discovered that this broker is no more than a well-disguised scam.
Waltonchase.com: Reasons to Avoid this Broker!!!
Here are a bunch of red flags we found on waltonchase.com;
Walton Chase Withdrawal and Deposit
The minimum deposit amount for Walton Chase broker is 250 USD/EUR/GBP. This is over twice the $100 industry average. Walton Chase’ payment methods include; debit/credit cards, e-payment, wire transfer and “virtual currency” (also known as cryptocurrency).
Cryptocurrency however, is a shady-broker payment method. This is because it prevents you from requesting a cashback in the case of fraud. Crypto transactions are untraceable.
The minimum withdrawal on the other hand, is $100; something commonly seen among illicit brokers. Legit brokers on the other hand, let you withdraw whatever you want. Withdrawals with waltonchase.com can also take up to 10 days to process; an unnecessary drag compared to the 24 hours needed by legit brokers.
Lastly, and worst of all, the account dormancy fees
It is beyond outrageous to have account dormancy fees to be $250. As a matter of fact, it’s laughable. Walton chase is definitely a scam!
Walton Chase Trading Platform
The trading platform is the heart of any forex broker. And as legit brokers go, the two prominent trading platforms are Metatrader 4 and Metatrader 5. Every legit broker has at least one of them.
It shouldn’t surprise you to know that Walton Chase does not provide either of these platforms. Besides, they do not offer any demo trading account (a red flag in itself). The maximum leverage offered is 1:500. This however, is quite disturbing, considering the FCA set their maximum allowable leverage at 1:30.
Walton Chase Licensing and Regulation
Waltonchase.com presents two locations; England and Australia. However, they don’t mention anywhere that they are licensed brokers. Australian brokers are regulated by the ASIC, while UK brokers are regulated by the FCA.
A quick check however, through the registries of these two agencies shows us that Walton Chase Ltd. is not regulated. This is as big a red flag as you can get. An unregulated broker is a no-go area.
Conclusion: Is Waltonchase.com a Legit Broker?
No! Waltonchase broker is just a properly disguised scam. It is NOT LICENSED by any financial regulatory body. Hence, any deposit you make with them is a huge risk. For this reason, we cannot recommend this broker to you. We advise you deal with a transparent broker who’s licensed by a reputable agency.
If however, you’ve got anything else to say about this broker, do mention it in the comments section.
Our Recommendation For You
You can make money online by trading with reputable, reliable and trustworthy brokers. We’ve been trading with the Fortrade broker below for sometime now and we have no regrets!
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FORTRADE- One of the Top rated brokers and a good choice for new traders. This broker is Licensed in UK(FCA), Australia(ASIC) and Belarus(NBRB). Guess what? you can trade from any part of the world as it accepts Traders Worldwide. Interested in trading with one of the best Forex brokers? Head Over to Fortrade and start trading!
walton chase,big scam, my account was almost $11000USD and after i told them i wanted to take my money they started trading my money in huge amounts and lost every cent, then they told me the only was i can get it back is to give them more money,
they did not have permission to do anymore trading with my money after i informed them i wanted my money out
DO NOT TRUST
Yes that’s right, I put $50,000 USD- noe iys gone
Walton Chase is BIG BIG BIG
Walton Chase is BIG BIG BIG, SCAM- please don’t put any money to this company, Sam Clarkson is my Account Manager, I put $50,000 USD, I am so Stupid, my hard earned money is now gone, please, please, please, don’t pit any money to this company, they have no conscience, hope God will stop them for scamming people.
I deposited 25k and they lost everything now it’s zero they want me to pay another 25k to recover my own money. They made 170k and they promised me to give me 6k every month but just 1day before they going to pay me my account went zero. They told me that they did trading which went opposite and they will recover but i have to pay another 25k. Load of crap ….even Independent Reserve told me not to invest any money to them as they loose everything but was too late i already made the payment. STAY AWAY
I got money stolen from them too. 12000$ usd disappeared in 5 hours when I asked to cash out some money. I had no position on anything a d tried a withdrawal. They cancel my withdrawal placed my money at it disappeared in no time. They blame me. Scammers. Thieves. Do g deal with them!
Walton chase TOTAL SCAMMERS,I want to take my money out, then they traded every cent, nothing left,THEY LOST IT ALL. I checked it today it says still pending, they scammed me!!!! DO NOT TRUST
Absolute scam I agree with the comments of the other respondents and suffered the same fate, Apparently making huge (unbelievable) profits but when I wanted to close off the account they lost money in a spectacular fashion until my account was empty
SCAM SCAM SCAM – I signed up to this trading platform with $250US and after speaking with an account manager I decided that I did not want to proceed with trading. I immediately requested a withdrawal of the $250US.
Someone started the trading on my account without my permission/authorisation 3 days after I requested the withdrawal. I was contacted to say I could not withdraw my money because most of it had been lost in trade. I told them that was impossible because I never started trading and they just kept saying that I did start trading and the balance has a reduced to an amount that cannot be withdrawn. The account was frozen and I did not get my funds returned.
DO NOT SEND MONEY or Crypto to these guys. I lost $3500, no ways to get this back. They sound quite aggressive and they will have the words to make you believe that you will get your money back. I started to want my $250USD back and I allowed them to access my Netcoin account, that is when they took the $3500CAD. He said that was required to establish the link between the 2 wallet, seem legit (NOT) anyway stupid I am I agreed to all of this until I saw my account drained. Now it is sitting with Walton Chase in my wallet there, but no ways to take it back out. All they want is you giving them more money to get yours back. STAY AWAY…just wish these guys would get caught.
If you lost money with them, leave it, it is lost no matter what they are telling you or asking you to do.
This is scam. I lost my all 250$here.
The lady named Victoria doesn’t respond anything after taking my 250$. She did zoom meeting with my webcam on and she asked what work I do all these things
I am a bit worried now did . Did she steal my mobile data as well.help
Hi Kabita,
I am not a professional in this kind of scam, but I don’t think they can steal much from you. I changed everything they could of put their hands on. Computer password, email password, credit card I use to invest the $250 was changed. I think that is the best way to protect yourself. I know that they are not to advance, as I have created 50+ accounts with them and they keep on calling back, I use fictional names, email address and passwords, but always with my cell number. I know this will not get me my money back, but it sure waste their time. I figured that the more time they spend playing my game they cant scam somebody else in the mean time.
Good luck
Frank
I still feel numb.
About 1.5 hours ago, Sam Clarkson called me and I thought we were going to put my money back into my account as last night he helped me put $6872 AUD to pay for taxes and commissions, and today we were supposed to get my money back. However, when I checked my Walton Chase account it was empty and Sam Clarkson told me that he already put the money back into my account. However, he said that Binance is holding the $6872 for some reason and it will take 3 to 6 months for them to release it. But to make it quicker I could pay Binance another $6872. I said that is throwing good money after bad.
I asked Sam to prove that he put my money back into my account and I need an email from him saying this. Anyway, whatever you do keep your money I will try my best to get my money back by hook or by crook. Wish me luck! I am not certain
Walton Chase is now promising me to get back my $50,000 directly to my bank account. This money along with another 50k was scammed from me back in February. Now 6months on they are promising me this. This is a red flag to me. Has anyone else gone through this with this company. Did you get your money back
Toute une galère pour fermer mon compte. Contente de savoir que je ne suis pas seule. Compte ouvert vers février 2021 (250$) en étant assisté par une jeune femme qui me posait de bizarres de questions n’ayant aucun rapport et qui m’a mis la puce a l’oreille mais bon! Après avoir lu quelques articles qui m’a inquiété sur cette organisation, j’ai voulu fermer mon compte. Mon supposé gestionnaire de compte fort aimable…et auprès de qui j’ai du fortement insisté que je ne voulais plus rien savoir, il m’a alors transféré à son supérieur qui, fort agressif, m’a engueulé comme du poisson pourri, et me disait que je devais faire une 1ere transaction pour le fermer! Il m’a retransféré à mon gentil gestionnaire de compte qui, enfin a fait les démarches pour fermer mon compte et retrouvé non pas 250$ mais $220 soit 30$ de moins pour frais bancaires. Un mal pour un bien!
Quelques jours plus tard, mon gestionnaire ce compte me téléphone pour rediscuter sur les raisons m’ayant amené à quitter cette compagnie. Insistant, c’est avec fermeté que je lui ai dit que je n’avais pas le temps de lui parler. Comme j’avais noté son numéro sur l’afficheur de mon téléphone, il a à plusieurs reprises tenté de me joindre sans succès. Enfin la paix mais quelques mois plus tard, et sans me méfier du numéro de téléphone sur mon afficheur (1 825 465 0675) , je prends l’appel et qui est au bout du fil? Un gars de cette organisation pour me dire que j’ai accumulé $15, 432 beaux dollars canadiens en bitcoin, et que pour les récupérer, je dois m’ouvrir un digital wallet. Il me demande d’être devant mon ordinateur pour qu’il m’assiste dans la création de ce digital wallet. N’ayant fait aucune transaction et ayant envie de le naiser, je lui dis ne pas avoir le temps d’ouvrir mon ordinateur pour cela et lui demande de m’envoyer un courriel d’abord. Sur un ton enthousiaste, il me dit qu’il le fera. Voulant savoir quand il peut me rappeler, je lui ai répondu dans 3 jours. 3 jours +tard, aucune courriel de sa part….
Bizarre quand même que je puisse voir son numéro de téléphone sur mon afficheur. Fraudeurs bien organisés qui malheureusement continueront à soutirer du fric mais pas le mien…