ANSWER Dear Investor,We believe that Walfiner is a scam.Offshore Registration: Walfiner claims to be registered in St. Lucia, a jurisdiction known for its lax regulatory environment. This country doesn't allow forex trading. This indicates that the broker is not licensed.Unverified UAE Location: Although Walfiner claims to be located in the UAE, there are no indications that it is registered with any relevant financial regulator, further signaling that it is unregulated.Given these factors, we strongly advise against using Walfiner due to its unlicensed status. For a safer trading environment, we recommend choosing brokers that are fully regulated.
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