摘要:Walfiner is a forex and CFD broker registered in United Arab Emirates. It offers 650+ tradable instruments and four kinds of account types with multiple languages customer support to suit different traders. However, a major disadvantage is the regulation status of Walfiner is “Exceeded”, which could put your investment at risk.
Walfiner is a forex and CFD broker registered in United Arab Emirates. It offers 650+ tradable instruments and four kinds of account types with multiple languages customer support to suit different traders. However, a major disadvantage is the regulation status of Walfiner is “Exceeded”, which could put your investment at risk.
Pros | Cons |
Variety of tradable instruments | Regulation status is “Exceeded” |
Multiple account options | Higher Than Average Fees |
Comprehensive customer service | |
Demo account is available |
Walfiner is regulated by NFA with license number 16263663, but the current status is “Exceeded”.
Regulated country | Regulated Authority | Regulated Entity | License Type | License Number |
NFA | WALFINER LTD | Common Business Registration | 16263663 |
With a vast selection of 650+ trading instruments, Walfiner can meet the needs of traders seeking exposure to forex, metals, indices, energy, and crypto markets.
Tradable Instruments | Supported |
Forex | ✔ |
Indices | ✔ |
Shares | ❌ |
Metals | ✔ |
Commodities | ❌ |
ETFs | ❌ |
Crypto | ✔ |
Energies | ✔ |
Walfiner provides four account types for users to choose from.
The Standard account is very suitable for beginners, with a minimum deposit of $15 and a spread starting from 0.5 pips.
The Islamic account comply with Sharia law, with a minimum deposit of $25 and a similar spread to the standard account.
The Premium (ECN) account is for more experienced traders, the minimum deposit is $200, and the spread is low in the industry.
The Eite Vip (ECN Pro) account is suitable for those high-net-worth individuals, it has a minimum deposit of $400 and the lowest spread.
All accounts above provide leverage between 1:50-1:500. It is worth noting that the current promotion offers a 50% or 96% discount on all account types.
The cost level of Walfiner is above-middle in the industry.
Trading Fees
Walfiner's commission vary depending on the type of account. The commission ranging from $2 per lot round turn for the ECN Pro account to $8 per lot for the Islamic account. Their spreads are variable but claim to be competitive, with major pairs as low as 0.01 pips and exotics reaching 4.2 pips.
Swap Rates
Overnight positions may incur swap rates, which can be positive or negative depending on the currency pair and direction.
Trading Platform | Supported | Available Devices | Suitable for which type of traders |
MT4 | ❌ | / | / |
MT5 | ✔ |
| Multi-asset tradersAutomated prefers |
cTrader | ✔ |
| Automated prefersNew tradersHigh-frequency traders |
The minimum deposit to start trading with Wallfiner is $30.Deposit Options
Deposit Options | Min. Deposit | Fees | Processing Time |
BANK WIRE TRANSFER | $30 | \ | Within 1 hour to 1 business days |
Credit or debit card | $30 | \ | Within 1 hour to 1 business days |
Cryptocurrency | $30 | \ | Within 1 hour to 1 business days |
Withdrawal Options
Withdrawal Options | Min. Withdrawal | Fees | Processing Time |
BANK WIRE TRANSFER | \ | \ | \ |
Credit or debit card | \ | \ | \ |
Cryptocurrency | \ | \ | \ |
Walfiner offers multiple contact options including phone with numbers in Dubai and UK, online chat, and social media on Telegram. While they support in multiple languages and a contact form, they lack a traditional email address.
Contact Options | Details |
Phone | (+971) 04 455 8797 (Dubai); (+44) 7458030499 (UK) |
None | |
Support Ticket System | None |
Online Chat | Yes |
Social Media | Telegram: https://t.me/Walfiner |
Supported Language | +6 |
Website Language | English; Persian |
Physical Address | Level 03, Boulevard Plaza Tower One Sheikh Mohammed Bin Rashid Boulevard, Downtown Dubai, UAE |
Contact Form | Yes |
P.O.BOX | 334155 |
TRN | 100323036200003 |
Overall, Walfiner has an advantage in 650+ trading instruments and a competitive pricing structure, but its “Exceeded” regulation status is the biggest problem. Therefore, it can be a good choice for investors who are looking for diversified trading goods and are willing to accept higher risks.
Is Walfiner a safe broker to use?
Although Walfiner is regulated by NFA, there are still risks of trading with it because the regulatory status has expired.
Is Walfiner good for beginners?
No, although Walfiner provides a standard account with a low minimum deposit, the “Exceeded” regulation status is a major flaw for beginners who may have no experience in assessing risks.
Is Walfiner good for day trading?
Walfiner might not be the best choice for day trading. The lack of popular MT4 is a disadvantage. In addition, day trading usually require brokers to have a good regulatory record and real-time customer support.