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Is World-Markets Broker a Scam? - World Markets Broker Review (Updated 2024)
World Markets

Operating status: SCAM

Website: https://worldmarkets.com/

Broker violations and abnormal records
  • 2020-11-22 Italy's CONSOB added World Markets to its warning list
    On Nov 23 2020, World Markets's website was ordered to be blacked out by Italy's CONSOB: https://www.consob.it/web/consob-and-its-activities/warnings?viewId=ultime_com_tutela.
    On Nov 23 2020, World Markets's website was ordered to be blacked out by Italy's CONSOB: https://www.consob.it/web/consob-and-its-activities/warnings?viewId=ultime_com_tutela.
  • 2020-07-14 The UK Regulator FCA Added World Markets to Its Warning List
    The UK regulator FCA warned public that this firm may be providing financial services or products in the UK without its authorisation: https://www.fca.org.uk/news/warnings/world-markets.
    The UK regulator FCA warned public that this firm may be providing financial services or products in the UK without its authorisation: https://www.fca.org.uk/news/warnings/world-markets.
  • 2020-07-12 New Zealand's FMA added World Markets to its warning list
    On 13 July 2020, the FMA recommended investors to exercise caution when dealing with World Markets as the company is unable to offer financial services/products to New Zealand residents: https://www.fma.govt.nz/news-and-resources/warnings-and-alerts/world-markets/.
    On 13 July 2020, the FMA recommended investors to exercise caution when dealing with World Markets as the company is unable to offer financial services/products to New Zealand residents: https://www.fma.govt.nz/news-and-resources/warnings-and-alerts/world-markets/.
  • 2021-08-31 BrokersView has reviewed that World Markets is an unregulated forex broker
    World Markets provides zero information about its regulation and company details, which is the biggest red flag for potential traders. In addition, this broker claims that it is registered in Seychelles, but it’s actually not regulated or overseen by any regulator when we checked on the Seychelles Financial Services Authority (FSA). That means investors’ funds in this broker is unsafe and cannot be protected by any laws. Therefore, it is a scam broker.
    World Markets provides zero information about its regulation and company details, which is the biggest red flag for potential traders. In addition, this broker claims that it is registered in Seychelles, but it’s actually not regulated or overseen by any regulator when we checked on the Seychelles Financial Services Authority (FSA). That means investors’ funds in this broker is unsafe and cannot be protected by any laws. Therefore, it is a scam broker.
  • 2022-06-19 BrokersView has found that World Markets is not working

    BrokersView found the domain https://worldmarkets.com/ is not working, as most probably it was suspended and it is always a bad sign when broker's website is suspended.

    BrokersView found the domain https://worldmarkets.com/ is not working, as most probably it was suspended and it is always a bad sign when broker's website is suspended.

Related Complaints

Q&A

Is World Markets safe？

Jim
United States of America
2021-11-15
ANSWER World Markets is an UNLICENSED broker and should be avoided at all events. World Markets provides zero information about its regulation and company details, which is the biggest red flag for potential traders. In addition, this broker claims that it is registered in Seychelles, but we didn't find any registration information of this broker from the Seychelles Financial Services Authority (FSA). So World Markets is currently not regulated or overseen by any financial regulator. What's worse, the Italian regulator CONSOB, the UK's regulator FCA and the New Zealand's regulator FMA have successively added World Markets to the alert list to warn the public that this firm is not authorised to provide the investment services in their countries. You can check full alert or warning from CONSOB, FCA and FMA on World Markets respectively. As per the evidences above, our final conclusion is that World Markets is thoroughly a scam on account of running its business without any relevant license approved by a reputable regulator. Therefore, we would recommend traders to stay away from unregulated brokers and trade with licensed brokers.
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