Read our Waldexpro review to see why we do NOT recommend this broker for trading. Just to clear doubts, this is a waldexpro.com review.
Who are they?
After taking a look at their website, it shows that they do not fall under any regulating agency. That is a MAJOR RED FLAG!! That should be enough for you NOT to invest with them. And they also work with websites that offer “Automated trading software” which is another red flag, as this kind of websites are notoriously famous for scamming schemes.
So Waldexpro is just another unregulated forex broker, which means the customers are not protected, and there is highly likely they will get away with your hard earned money and there will be no regulating agency to hold them responsible.
| Regulatory Body | Status |
|---|---|
| FCA (UK) | No record of authorization |
| ASIC (AU) | No record |
| CySEC (EU) | No record |
| SEC / CFTC (US) | No record |
How does it work?
Usually unregulated forex brokers work in the following way. They will call people to persuade them to make the initial minimum deposit, while trying any conceivable method in order to make that happen. They will offer deals that sound too good to be true, like we will double your initial deposit or you will make $100 per day easily. Please don’t fall for anything they say!!! It is a SCAM! After making the initial deposit, people get transferred to a smarter scammer, called a “retention agent”, who will try to get more money out of you.
Withdrawing funds
You should submit a withdrawal request ASAP, because your funds are never safe with an unregulated broker. And here is when things get tricky.
If you want to withdraw your money and it does not matter if you have profits or not, they will delay the withdrawing process for months. If they delay it for six months, you won’t be able to file a chargeback anymore and your money is gone for good. It does not matter how often you remind them or insist in withdrawing your money, you will NOT get them back. And if you signed the Managed Account Agreement or MAA, which is basically authorizing them to do anything they want on your account, they will lose all your funds so there won’t be anything to request anymore.
How to get your money back?
If you already deposited your money with them and they refuse to give your money back, which is very likely to happen, don’t worry, it might be a way or two to get your money back.
First of all you need to keep the emails as a proof that you have been requesting the money back from them but they don’t give it to you, or they delay the process for too long, with the intention of not refunding your money.
The first thing you should do is perform a chargeback! And you should do this right away! Contact your bank or credit card provider and explain how you were deceived into depositing for a trading company that is not regulated and they refuse to give your money back. This is the simplest way of getting your money back and is also the way that hurts them the most. Because if there are many chargebacks performed, it will destroy their relation with the payment service providers. If you haven’t done this before or you are not sure where to start or how to present your case to your bank or credit card company, we can assist you in preparing your chargeback case. Just contact us at [email protected] but do not let your broker know they you read this article or that you are in contact with us.
What about wires?
If you sent them a wire, there is no way to perform a chargeback on a wire. For this step you need to raise the fight to a different level. Tell them that you will go to the authorities and file a complaint against them. That will get them to rethink the refund possibility. Another thing you can do is prepare a letter or email for the regulating agencies. Depending on the country where you live, you can search on google to find the regulating agency for Forex brokers in that country. After that you can prepare a letter or an email describing how you got deceived from them. Make sure you show this letter or email to them, and tell them you will send it to the regulating agency if they don’t refund your money. If you do not know where to start, reach for us at [email protected] and we will help you with this step as well.
Make sure you leave reviews about Waldexpro in other sites
Another way to hurt them and save other people from falling victims is to leave bad reviews on other sites, and describe shortly what happened. If you fallen victim please leave a review and a comment on this site at the comment section. Also, when these people change their website they tend to call the old clients, so if they call you from a new website please write it down on the comment or let us know it by contacting us. That would be really appreciated by us and families all over world. Also if you get phone calls from other companies please put the name of these companies also in the comment or send it to us. We will expose them too.
Waldexpro Review Conclusions
Making the Waldexpro review is actually a pleasure for us, and we hope to save as many people as possible from losing their hard earned money. A good rule of thumb is to carefully review all the Forex companies and any other company for that matter, before you perform any transaction. We hope that our Waldexpro review has been helpful to you. If you have any questions or you need an advice about the withdrawing process, feel free to contact us at [email protected] or by using this contact form.
If you like to trade please do it with a trustworthy, regulated broker, by choosing one of the brokers listed below.
They helped me a lot with their rating, and I’ve been scammed by several platforms.
My financial damage is several thousand euros.
I could send you a whole list of what it was.
With friendly greetings
I invested to WALDEXPRO,since march 4,2021.untill now i cant withdraw my profit,They keep asking me to pay. I lose all my money its almost a million php.I was in a deep depth..My finacial adviser name STEVEN JAMES ROBINSON.
Don’t trust them
Don’t trust them, they are scammer. I invested to them and then they tol me that I had a credit that I need had to be paid before I could get the income from my investment. After I sent them the money without even a hint and suddenly I was blocked on whatsapp.
Mr. Adam Larsson +44 7455 450655
Ms. Melissa +44 7447 850884
Mr. Alexander Clark +44 7312 222495
I don’t know if they’re name is real or fake.
They are from London.
Makarma sana kayo!!
Chris Wilder the worst man , he buy your soul with his , false, gentle heart to convince you to spend money with them and then he kill you without any humanenesss, stay away from them stay away!!
DONT TRUST!THEY ARE NO SOUL! WALDEX IS FRAUDS!PLEASE STAY AWAY!
With my resilience not submitting to their relentless request of additional funding to my initial invested amount, I was taken as a very bad investor not fitting to trade under their trading platform and Financial Advisor by the name of Michael Goldmann, fake or true name who knows.
This Financial Advisor forced me to withdraw my funds and have it transferred to my bank to get rid of me as a pestilent investor. Well, the transfer transaction has not been completed yet till now- after a couple of wrong transaction advise from Raiffeisen Bank, their paying bank, which I have no clue if those are true or not because when I was about to send Raiffeisen Bank an email – the email address was edited and linked to Jubiter – an exchange platform that middles you to exchange your money into crypto.
Worst is, they are forcing me to pay the 1% commission of the amount to be transferred – which they can just deduct it off from the amount they will transfer. Looks like another ballgame, isn,t it? If I will not pay it first then I will not receive the money in my bank!
Cutting my story shorter in a way – I hope these people connected to Waldexpro, there are so many I see here in these reviews, the company itself (Waldexpro), the paying bank (Raiffeisen) the exchange platform (Jubiter) somehow be investigated and drastically be liable for their fraudulent exercises. These people and accomplices are all SCAMMERS! Because these companies let these people use them as accomplices to FRAUD!
You all will have your end of days! I hope your families will not suffer as you will one day.
Their website are still active. Are we really helpless like this?