The fact that any brokerage has been around for more than 30 years sounds impressive at first glance. Despite its long-lasting legacy, we still wanted to find out just how good Walton Chase really is, and what makes it so special.
Walton Chace has been founded in 1986. This is something they are very proud of as they highlight it boldly even in their logo. They claim that they are unrivalled when it comes to trading conditions, attention to detail and customer care. It is obvious that Walton Chase is not an honest broker, but we wanted to dig a little deeper and find out how accurate their promises are.
The first positive thing that struck me is the variety and flexibility when choosing your trader path at Walton Chase. While not all traders have the same budget, ambitions, or preferences it feels like there is something for everyone here. There are four main accounts that you can choose from. By setting a low barrier entry, Walton Chase has welcomed many inexperienced traders to their platform. For a low entry fee, a trader can familiarize themselves with the platform, trading conditions and decide for themselves if they wish to upgrade to a higher-tier account.
But let us stick to the Silver account for now. It is the smallest account you can choose in the beginning. To obtain it, you must submit a minimal deposit amount of 250 EUR. With this, you gain access to more than 200 tradable financial instruments. You also receive market reviews that will keep you up to date with the most important market news and trends. Holders of Silver accounts can benefit from leverage of up to 1:100.
Upgrading to a Gold account comes with many benefits. For starters, you will need to fund your account with a minimum of 10,000 EUR to become a Gold member. The first perk you receive is a dedicated senior account manager to help you with your trading needs. The Gold account also comes with bonus funds, lucrative spreads, trade room analysis, financial and risk management planning and much more.
One step above is the Platinum account, with a minimal deposit of 50,000 EUR. At this stage, you can attend weekly webinars, private analyst sessions, and have prioritized withdrawal process. There is also a significant increase in leverage, going as high as 1:300.
Finally, there is the VIP account. This special account type is not available to all traders and can be attained only through a special invitation from Walton Chase. It represents the top class offering that is rarely seen in any competitors. You can check out Walton Chase website for more details when it comes to their VIP offering.
Education is often overlooked for many online brokerages. While many believe there is enough free material on the web, Walton Chase goes in the completely opposite direction. It offers plenty of reading materials before you are even ready to open your account. Novice traders can find plenty of useful guides on how to start their trading careers.
Best place to start is the eBook section. Here you can find numerous publications on online trading, ranging from the basic to the slightly more advanced topics. On the other hand, there is the Glossary, which provides short definitions of trading terminology. So, if you are, at any point, unsure of what you are facing, you can head straight to the Glossary to brush up on your knowledge.
If you still have some questions regarding online trading, you can head to the FAQ page that offers extensive coverage of everything you need to know about trading. You can find out everything from opening and funding your account to trading and reaching out to Walton Chase representatives.
Once you do open your account, you will receive many more tools that can help improve your trading skills. A number of these educational resources will vary based on what account type you have selected. Even the more basic account types will give you access to market reviews, trade room analysis, financial and risk management planning and more. Trading signals and private analysts’ sessions are reserved for the higher-tier accounts.
When you open up Walton Chase webpage for the first time you can see how effective their design language is. Everything seems to be laid out in a clean and precise manner. Navigating its pages is a seamless experience. The best part of it is that it does not sacrifice any depth for its aesthetical appeal. Everything you need, you will be able to find in just a few clicks.
This philosophy translates over to the trading platform as well. Walton Chase offers a web-based platform that is easy to read and navigate, while still providing all the necessary trading tools. Like previously mentioned, you can trade more than 200 assets which are sorted by categories, including Forex, Commodities, Crypto, Stocks and indices. Clicking on any of them will present you with an interactive chart that shows you the real-time performance.
We were pleasantly surprised by how well this minimalist approach works. With no distractions, you will have plenty of time to develop and execute your trading strategies. If you wish to take observe your open and closed positions, deposit additional funds or just alter some of the settings, you can do so with an unintrusive menu on the left.
Reaching out to Walton Chase can be easily done via their support page. It offers numerous ways of interaction including Live Chat, email, and telephone. Luckily, you can expect to meet pleasant and informative representatives no matter which options you choose.
There are two telephone lines available, one for Australia, and one for the United Kingdom. Their working hours are Monday to Friday 09:00 – 13:00 GMT. If you prefer to chat with someone via the Live Chat option, you could do so Monday to Friday 07:00-14:00 GMT.
Lastly, you can choose to write an email. You can select the online form or write one completely on your own and submit it directly from your email service of choice.
Same methods of online payments can be used for both depositing and withdrawing funds. Traders can select to use a credit/debit card, a wired bank transfer or Bitcoin. Depositing is done effortlessly from the deposit tab. You can expect your money to be in your account shortly after you have filled in your information.
When it comes to withdrawals, there are serious security measures in place to ensure the safety of funds. All clients are required to provide identification before withdrawing their funds. This can increase the time needed to get the money transferred to your wallet, but in the modern world, any safety measure is fully welcomed.
Important to note is the withdrawal fee which varies depending on what method you are using. For credit/debit cards and bank wire transfers, there is a minimum withdrawal amount of 100 EUR, and a 250 EUR when opting for Bitcoin. Regardless of the method you choose, you will be charged with 1% regardless of the amount you wish to transfer to your wallet. Walton Chase is fully transparent when it comes to this, and you can rest assured there will be no hidden fees.
Is Walton Chase a rock-solid broker?
This has been one of the easiest answers we have ever given. Walton Chase is a fully legitimate broker that has earned the trust of its clients over the years. They continue to push client safety and convenience in new and positive directions.