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Is World-Markets Broker a Scam? - World Markets Broker Review (Updated 2024)
Read this Worldmarkets broker review before opening an account. Is this a Reliable Forex Broker? Find out more and also read people's comment.

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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1 comments

Phoenix Angelfire
Absolute scamAbsolute scam. I should have read these reviews before coming involved. I am not proud of my naivete. This being said they are sharp and play on your vulnerabilities and lack of knowledge. This operation needs to be permanently shut down and I strongly recommend if you have been scammed, as we have, to take action and report it to your local police and other official bodies to make others aware. Some of the official organizations you should consider are: Interpol. Eurojust, IC3, The SEC, and Europol among others. While you will most likely never recuperate your funds, you can help others to avoid this trap. Let me layout how they operate. They will send you you payout when you ask for it and then transfer it to a wallet such as Atomic Wallet (not part of their scam). They will then send you your coins and when you attempt to cash them in you will find they are frozen. They may try to send you to BuBit to purchase tokens (They then proceed to tell you you need one ETH or Bit coin or other crypto coin to "unfreeze" "release" or "unblock" your coins by creating an address on the blockchain. Should you do this they will have you purchase the designated token and then it turns out that the coin is actually a fake token and with each deposit you made they took your money and you will find that your crypto is fake and useless!!! As with others they use fake and hijacked phone numbers. The two names they used (probably bogus) were Eric Lewandowski and Alexis Vos, most like hijacked profiles as well. I doubt that I will ever recuperate my loss which while comparatively limited did count for a third of my life savings set aside to offer a house and security for the future to my wife and child. They work from call centers and I should have been more aware. They will also attempt to get you to install Anydesk. DO NOT under any circumstances and if you do change all your passwords. I heard others speaking in the background once. These people are the most ruthless and heartless type of scammers you will ever encounter
2024-05-09
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