Walkercapital Reviews 3

Pity I can’t give them 0 stars. They are a fraudulent company. They present as a safe sophisticated organisation providing above average returns. In practice their trading techniques are at about school boy level. The recent collapse has made me do a lot of research into this outfit and analyse every trade on my fund. The results are quite shocking. Anyone affected should contact WalterLegal for assistance. Their risk management strategy is called “Hope”. They have absolutely no idea - all the trades on my account were auto placed by a program. A shameful scam for which they and their respective licensee’s need to be held responsible.

AVOID.

Their strategy works ok most of the time, and they eek out small gains per month. However, their risk management is rubbish. Their drawdowns are excessive, and one large move in the market from which they cannot recover, and they have blown up 80% of value. Then they decided to close the product and all associated accounts. So, I get less than 20% of my initial investment back after being with them for over three years.

I had started investing with Walker Capital in March 2019. I got in touch with the two main heads Michael Walker himself and Michael Campbell. I was attracted by their high performance across a number of strategies. Bear in mind they had four different accounts back then called “Growth”, “High Growth”, “Multi” and “Swing”, all of them trading exclusively Forex. Shortly after that they also added another one called “Alpha” with the aim of trading stocks. I invested in High Growth, Multi and Swing. They advised against investing in Growth as times were not right for that strategy. All in all I entered with $270K AUD roughly distributed across High Growth (50%), Swing (30%) and Multi (20%). Putting so much money into High Growth was my biggest mistake but I couldn’t know back then. The account was very aggressive and very volatile. Very soon I’d lose about $64K in High Growth until September 2019 when they announced they were no longer trading under that account because it was only losing money. At the time “Multi” and “Swing” were doing ok and I had some gain there. Obviously the whole balance was very much negative. I was still invested in Multi and Swing and transferred the remaining balance from High Growth into these two accounts. Then COVID struck in March 2020 and Swing was in serious drawdown of about 30%. They always proud themselves with the fact that their trading is highly uncorrelated with the stock market, but it seemed to me very much correlated as they were losing through FOREX when the stock market was losing as well. The thing that disgusted me the most was that they erased any trace of trading history overnight about the accounts they decided to terminate (High Growth, Growth, and Multi) and today their website only shows the Swing account. They do nothing but prouding themselves with the performance of Swing account (which in all truth is more than ok) but forgot they had tried a number of strategies which all went South and an investor starting with them today would have no clue whatsoever about that. I reckon I’d be able to be a successful trader myself if I adopted the same strategy: try out a number of strategies, start an account for each of them, trade with people’s money and what doesn’t work just terminate, eliminate all the evidence from the website and be left with what’s working. That way it’s the same than going hunting birds, randomly shooting up the air and showing the dead birds on the ground prouding themselves with the successful hunt and conveniently hiding the fact that they have shot a hundred times to only kill a couple of them… No record of the shots will ever be found anywhere. I had also paid them thousands in Performance fees and Management Fees. What pisses me the most is them eliminating all the evidence. Beware of these kind of retail investments: They manage their own website where they show you what they want you to see. I find other platforms much more honest where the website/platform is not managed by the traders themselves but by the broker like eToro for example (I am not affiliated and don’t get money from them. I’m simply invested there as well and find it perfect). There if a trader loses money they cannot erase their own history or show you partial results. Everything is there for you to see from day one. Walker Capital trade with your money at your risk and conveniently show you the positive and forget/hide/conceal the negative. If trading was so simple! I am glad I am not invested with them anymore and I’m slowly recouping the money I have lost in Forex through the stock market. It’s much safer and historical performances are managed by third party platform in a much cleaner way. Steer away from Walker Capital.