MetaTrader 5
RecommendedOffered for desktop and mobile as the broker's main trading platform.
Runs on
- Windows
- Mac
- Web
- Android
- iOS
Details
Is Walfiner a scam?
Wikilix independent safety report
0%Scam risk
Likely scamConfidence: MEDIUM
2.0/5Safety rating 2 out of 5
Walfiner is very likely a scam. We put the risk at 81%. It took client deposits without a financial licence from any regulator, clients reported withdrawals that were declared paid but never arrived,…
Risk scorecard · each area scored 0 (clean) to 10 (worst)
Regulation9/10 · CriticalIdentity & transparency8/10 · CriticalWithdrawals & conduct8/10 · CriticalReputation8/10 · CriticalWebsite claims7/10 · HighOperational history8/10 · Critical
Editorial review
Broker Summary
What Wikilix has recorded about Walfiner: its history, the licences it holds, its trading conditions and its fees.
Walfiner Broker Overview
Walfiner is a retail forex and CFD brand operated under the name Walfiner.LTD, registered in Saint Lucia and giving a correspondence address in Downtown Dubai, United Arab Emirates. It offered trading in currencies, indices, energy, metals and cryptocurrencies through MetaTrader 5 and cTrader, with a minimum deposit of 15 USD and leverage up to 1:500. Its website, walfiner.com, no longer resolves, so the brand cannot currently be reached by a client or a prospective client.
Is Walfiner Regulated?
No. WIKILIX found no confirmed financial regulation for Walfiner or for Walfiner.LTD in any jurisdiction, and no licence number that could be tied to a supervisory authority. A Saint Lucia company registration, which is what the brand's stated home jurisdiction offers, is a corporate formality and not a financial licence: it confers no supervision of client money, no capital requirement and no compensation scheme.
Walfiner.LTD
Walfiner.LTD is the only legal entity named for the brand. WIKILIX could not locate it in any official corporate registry, and it holds no record on the Global Legal Entity Identifier Foundation database at search.gleif.org. Its registration number, incorporation date and registered office therefore remain unconfirmed, and the Dubai address given for the brand is not matched by any registered UAE financial services entity.
Is Walfiner Safe?
Walfiner cannot be treated as safe. There is no confirmed regulator, no verifiable operating company and, as matters stand, no working website. A client with an open balance has no supervisory body to complain to and no confirmed legal entity to pursue.
Walfiner Account Types
Four live accounts were offered: Standard, Premium (ECN), Elite Vip (ECN PRO) and Islamic. The Standard account carried a minimum deposit of 15 USD and commission from 3 USD per lot, with a minimum trade size of 0.01 lots. The Islamic account was the swap free option. Full specifications for the Premium and Elite Vip tiers were not published.
Walfiner Spreads, Commissions and Fees
Spreads were advertised from 0.01 pips, with commission from 3 USD per lot on the Standard account and varying by tier. No schedule of deposit, withdrawal, inactivity or conversion fees was published.
Walfiner Leverage
Maximum leverage was 1:500 across the product range.
Walfiner Trading Platforms
MetaTrader 5 and cTrader were offered, both for desktop and for iOS and Android.
Walfiner Deposits and Withdrawals
PayPal, MasterCard and Bitcoin were named as funding channels, with processing quoted between one hour and one business day. No fee schedule, no per method minimum and no withdrawal limits were published.
Walfiner Pros and Cons
- A low entry point at 15 USD and two established third party platforms.
- A swap free account alongside the standard and ECN styled tiers.
- No confirmed financial regulation anywhere.
- An operating company that could not be found in any corporate registry.
- A website that no longer resolves.
Walfiner Review and Assessment
The commercial offer Walfiner advertised is unremarkable for the offshore segment, and none of it is backed by supervision that would matter if a withdrawal were refused. The decisive consideration is that the entity behind the brand cannot be verified and the site is no longer reachable, which leaves anyone still holding a balance without a practical route to it.
Regulation check
Regulatory Licenses
We have not confirmed any regulation for Walfiner. Money deposited with an unregulated broker is protected only by the company itself.
No regulation
Trading with an unregulated broker puts your deposit at risk.
No regulation
We have not confirmed any regulation for Walfiner. An unregulated broker is not supervised by a financial authority, and money you deposit is protected only by the company itself.
What this means for you
- No compensation scheme covers your funds.
- No regulator to escalate a complaint to.
- No audit of how client money is held.
Trading accounts
Account Types
4 account types on record. Minimum deposit from USD 15.
4 account types
| Account | Min Deposit | Max Leverage | Commission |
|---|---|---|---|
| StandardStandard | USD 15 | Not recorded | $3 per lot |
| Elite Vip (ECN PRO)Elite · VIP | Not recorded | Not recorded | Not recorded |
| Premium (ECN)ECN | Not recorded | Not recorded | Not recorded |
| IslamicIslamic · Swap-Free | Not recorded | Not recorded | Not recorded |
Deposits & withdrawals
Funding Methods
3 ways to fund an account.
3 methods
| Method | Deposit fee | Withdrawal fee | Min deposit | Withdrawal min / max | Processing |
|---|---|---|---|---|---|
| PayPalE-Wallet1 | Not recorded | Not recorded | Not recorded | Not recordedNot recorded | Up to 1 day |
| MasterCardCredit Card1 | Not recorded | Not recorded | Not recorded | Not recordedNot recorded | Up to 1 day |
| BitcoinCryptocurrency1 | Not recorded | Not recorded | Not recorded | Not recordedNot recorded | Up to 1 day |
Broker's notes on these methods
- Stated as processed between one hour and one business day; fees and limits are not published. · applies to 3 methods
Trading software
Trading Platforms
2 trading platforms on record: MetaTrader 5 and cTrader.
2 platforms
cTrader
Offered alongside MetaTrader 5 for desktop and mobile trading.
Runs on
- Windows
- Web
- Android
- iOS
Details
Legal entities
Corporate Network
One legal entity behind the Walfiner brand.
1 entity
- Walfiner.LTDinactiveSaint LuciaThe only operating entity named for this brand. No entry could be located in any official corporate registry or on the global LEI record, so neither its registration number nor its incorporation date could be confirmed.
Company registry check
Company Registration
Walfiner names Walfiner.LTD as the operating company. We could not confirm that registration on the registry.
Not confirmed on registry
- Legal entity
- Walfiner.LTD
- Registration number
- 2023-00518
- Jurisdiction
- Saint Lucia
- Registry
- Registry of Companies and Intellectual Property, Saint Lucia
- Registered address
- Level 03, Boulevard Plaza Tower One, Sheikh Mohammed Bin Rashid Boulevard, Downtown Dubai, United Arab Emirates
Peer comparison
Brokers worth comparing
3 other brokers on the record share what Walfiner offers — its country, regulator, account types or platforms — set beside it on the same measures.
3 peers
Walfiner
This recordSaint Lucia· Walfiner.LTDWikilix score 52.5RegulationNo RegulationMax leverage1:500Platforms2LicencesNot recordedTradona Markets
Saint Lucia · since 2022· Tradona Markets LtdWikilix score 31.0RegulationRegulatedFinCENMax leverage1:1000Platforms2Licences1neotrades
Mauritius · since 2022· Neotrades Capital Ltd.Wikilix score 20.0RegulationOffshoreCySECMax leverageNot recordedPlatforms2Licences2PSFX
Anguilla · since 2023· PSFX INTERNATIONAL LLCWikilix score 31.0RegulationRegulatedFinCENMax leverage1:400Platforms1Licences1
Frequently Asked Questions
Frequently Asked Questions
Common questions about Walfiner
Most Popular Questions
Its operating record is short, in the region of two to five years, and no founding date could be confirmed against a corporate registry. A record that short and that unverifiable shows nothing about how the firm behaves when it comes under stress.
No. Saint Lucia registers international business companies but does not license or supervise forex and CFD dealing. A company registration is a corporate formality and confers none of the protections a financial licence carries.
There is no financial regulator with jurisdiction over the brand and no compensation scheme, so there is no supervisory complaints route. A claim would have to be pursued against Walfiner.LTD, an entity WIKILIX could not confirm exists on any registry, which makes recovery difficult in practice. Report the loss to your own national financial regulator and to your card issuer or payment provider without delay.
Nothing confirms that they are. No regulator imposes segregation on this brand and no published terms commit to it, so client money should be assumed to sit alongside company money.
PayPal, MasterCard and Bitcoin were the named channels, with processing quoted between one hour and one business day. No fees, minimums or maximums were published, and with the website offline neither deposits nor withdrawals can be initiated.
Spreads were advertised from 0.01 pips with commission from 3 USD per lot on the Standard account, varying by tier. No wider fee schedule covering deposits, withdrawals, inactivity or currency conversion was published.
Four live accounts: Standard, Premium (ECN), Elite Vip (ECN PRO) and Islamic, the last being the swap free option. Only the Standard tier had published conditions.
MetaTrader 5 and cTrader, both on desktop and on iOS and Android. Neither platform vendor supervises a broker or protects client money.
Up to 1:500. That level is well above what onshore regulators in Europe, Australia and comparable markets permit for retail clients, and it increases the speed at which an account can be lost.
15 USD on the Standard account. Minimums for the Premium, Elite Vip and Islamic tiers were not published.
WIKILIX has not confirmed fraud, but the combination of no regulation, an operating company that cannot be found on any registry and a website that has gone offline is a high risk profile. Treat Walfiner as unverified and unsafe rather than as merely unregulated.
No. The domain walfiner.com does not resolve. Repeated attempts over both a direct connection and a full browser failed to reach any page on it, which means the brand currently has no working point of contact online.
The only entity named for the brand is Walfiner.LTD, given as registered in Saint Lucia with an address in Downtown Dubai. WIKILIX could not find that company in any official corporate registry, and it holds no record on the global LEI database, so its ownership and its officers are unknown.
No. No financial licence could be confirmed for Walfiner or for Walfiner.LTD with any supervisory authority, in Saint Lucia, the United Arab Emirates or elsewhere. The brand operates without confirmed regulation.
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