Beware! Ideal Walls is an offshore broker! Your investment may be at risk.
RECOMMENDED FOREX BROKERS
Don’t put all your eggs in one basket. Open trading accounts with at least two brokers.
Ideal Walls may seem legit at first, but you need only read its name to know that the whole ordeal is a joke. That name though! Would you ever think that “Ideal Walls” refers to an FX broker, and not a wallpaper website. Read the review for more.
First and foremost, we are told that the broker is regulated by the FCA. But, one quick look at the British regulator’s database shows that the FCA claim is a pure lie.
But wait, there’s more. There is also a fake Financial Services Commission – Mauritius claim, as well as logos of the ASIC, FSCA, and Belize’s IFSC sprinkled on top, as a way to add further deals for your buck. But, here all these claims are untrue and filler. There is no way that a broker that plays out like this one will ever be legitimized.
Everything thus far points to one sure thing: Ideal Walls is definitely unregulated, and a risk to all. Do not invest here.
|Guaranteed Funds||Segregated Accounts||Negative balance protection|
|UK regulated brokers||£85 000||Yes||Yes|
|EU regulated brokers||€20 000||Yes||Yes|
|AU regulated brokers||No||Yes||Yes|
|US regulted brokers||Yes||Yes||No|
IDEAL WALLS Trading software
|Analytical tools||Auto trading||Custom indicators||Mobile apps|
|Ideal Walls Platform||❌||❌||❌||❌|
|cTrader||40+ indicators||✅||✅||Android and iOS|
We were not able to open an account, and thus the trading software was never revealed to us. However, Ideal Walls has not missed to talk about and promote a certain trading software that, in truth, may not even exist. After all, the broker never provided any download link. Even if we were to believe that its “innovative” software with multiple tools that is also available on mobile is actually existent, we could not access it, because we did not open an account.
It seems to us that either the platform is way too bad to be included on the website, or there is no software at all. Whatever the case, Ideal Walls remains a risk.
IDEAL WALLS Trading instruments
According to the website, the available trading instruments are forex currency pairs, cryptocurrencies, metals, and indices. At times, the broker’s site mentions other assets, but Ideal Walls never sits down and provides a full and extensive list of the available assets.
If we get all the instruments that Ideal Walls talks about throughout its site you get: forex currency pairs, ETFs, cryptocurrencies, metals, indices, and commodities. But the confusion factor remains, and we aren’t sure whether these are accurate or not.
IDEAL WALLS Spreads and cost of trading
Ideal Walls presents third part charts on its website, suggesting that one can check out the spread from them. In reality, these third party charts are useless with unregulated brokers, and the only reason that Ideal Walls and its peers use them is to create the illusion of functionality.
We were not able to locate any spread values anywhere on the website, and were blocked out of creating an account.
IDEAL WALLS Maximum leverage
|UK regulated brokers||30:1||5:1||❌||10:1||10:1|
|EU regulated brokers||30:1||5:1||2:1||10:1||10:1|
|AU regulated brokers||30:1||5:1||2:1||10:1||10:1|
|US regulated brokers||50:1||❌||❌||❌||❌|
There are three accounts where the minimum leverage for the lowest account tier is 1:20, and the highest, owning to its high account tier, is 1:100. We have no other asset leverage.
IDEAL WALLS Deposit and withdrawal methods
|Deposit time||Withdrawal time||Fee|
|Credit Cards||Instant||Within 1 hour||Free|
|Debit Cards||Instant||Within 1 hour||Free|
|QIWI||Within 1 hour||Up to 24 hours||No info|
|BTC||Up to 24 hours||Up to 24 hours||Depend on crypto|
We barely picked up any payment details whatsoever. In fact, we only learn through a bunch of payment logos that the supposed gateways are credit and debit card providers, QIWI, and BTC. However, there is no way to confirm this.
IDEAL WALLS Minimum deposit
The minimum deposit is $1000 for the basic account, and $50 000 for highest account. We highly doubt that the minimum deposit is so high, considering that most scammer brokers allow for just $1, no matter what their sites claim. With such high requirements, the purpose is to attract high rollers, or at least attempt to.
IDEAL WALLS Withdrawal requirements
|Trading volume||Fee/Tax on withdrawal||Minimum withdrawal|
|Ideal Walls||No information||No information||No information|
|UK regulated brokers||No||No||No|
|EU regulated brokers||No||No||No|
|AU regulated brokers||No||No||No|
|US regulated brokers||No||No||No|
There was absolutely no withdrawal requirements revealed anywhere on the website, and by that we mean that Ideal Walls has all but talked about withdrawals. We don’t know what the caps are, what the fees are, nor if there are any further requirements. Basically, there is no proof that the user will ever be able to take out money, which in retrospect is one of the worst signs that you are dealing with an utter scam. Obviously, investing here is a mistake.