WDC Markets Review
Reason to avoid: No License
Listed Date: June 29, 2020
Top 3 Forex Brokers
Beware WDC Markets is a Non-Regulated broker. It is NOT SAFE to trade.
- Our Review
- WDC Markets User Reviews
- WDC Markets News
Is WDC Markets Scam or Legit Broker?
No, it is not safe to trade with WDC Markets as it is not regulated. WDC Markets is owned by FTG Solutions LTD (Registered number: 1994899), First Floor, Mandar House, Johnson's Ghut, P.O. Box 3257, Road Town, Tortola, British Virgin Islands and operated from Tornimae 5, Tallinn, 10145, Estonia.
- The BVI FSC is known for its light-touch regulation and very loose requirements that brokers do not try to comply with. Although the firm is licensed, BVI regulation is not enough to provide financial services in, for example, the UK.
About WDC Markets
| 🗺️ Registered in | British Virgin Islands |
| 🗺️ Type of License | Offshore License |
| 🛡️ Is WDC Markets safe to trade | No |
| 🗺️ Recommended Licenses | FCA in UK 🇬🇧 & ASIC in Australia 🇦🇺 |
| 🖥 Alternative Broker | FP Markets - licensed by ASIC in Australia |
What is WDC Markets?
WDC Markets claims to be a leader in financial markets brokerage including Forex, CFDs, and Indices. The broker provides its clients with a wide variety of markets and instruments, as well as a range of expert services, resources, and advice.
- However, we couldn’t find any information about this broker in the register of the Estonian Financial Supervision and Resolution Authority, which only proves that WDC Markets lacks regulation.
- Moreover, the broker has been blacklisted by two regulators.
“We are concerned that WDC Markets and the website https://wdcmarkets.com are withholding client funds and may be operating a scam. WDC Markets is not a registered financial service provider and is unable to offer financial services/products to New Zealand residents. As such, we recommend exercising caution when dealing with this entity.”
“WDC Markets is not authorized to provide the investment services, which include investment advice, nor to provide the auxiliary in relation to the financial instruments, including, for those purposes, foreign currency transactions.”
- The pages and official sources of the international regulators’ list alert are shared with the authority directly or by other countries’ supervisory bodies or transmitted centrally. Those tools and the general purpose of the regulatory bodies operate in order to enable stability of the market offerings, protect clients from potential and numerous frauds, enable reliability rules to financial service entities, and more. As WDC Markets got no license to operate within the EU and other regulated jurisdictions, the broker was blacklisted and alerted by the EU authorities.
WDC Markets Review Conclusion
We advise all investors and traders to avoid WDC Markets and other unregulated brokers (Check out Fake Forex Brokers List in Nigeria). The lack of information about the broker’s regulations, trading conditions, and contact details should be the biggest red flag for those who plan to invest with the entity. Usually, such companies run investment scams. Traders should trade with well-regulated brokers such as UK brokers or brokers in Australia and reliable brokers such as Alpari and XM.com.
WDC Markets Update
Based on our findings, the WDC Markets website is inactive. This means the broker has muted its trading offering and does not operate. However, we recommend avoiding and staying alert in case of any proposals.
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WDC are scammers
They don’t allow you to withdraw your profits but ask for more deposit
Beneffx is a scam. NEVER, I say NEVER deal with them. Not only will they not return your funds, but folks from their end will contact you non stop asking you to invest in their company. TERRIBLE experience with BENEFFX and their subsidiaries who will call you under different names. If there was a ZERO rating, I would give them that. Please don’t fall for their promises! Luckily for me I was able to recover my funds through Chargebacksecured * com thanks so much I can’t thank you enough.
Please how can I get my deposit back if u could help
WDC IS A REALLY SCAM, PLEASE STAY AWAY FROM. THEM. I INVESTED HUGE AMOUNT MONEY. MY ACCOUNT MANAGER MANUAL SUDDELY DISAPPEAR AND LATE REPLACE WITH GORAN. THE AMOUNT GREW FOR A FEW MONTH ONLY TO LOSE EVERYTHING TO MARKET VOTALITY.
As reported on various other times on this platform I am convinced WDC Markets are a scam company. I invested 25000 Euro 12 months ago initially with my account Manager Henrik Reid and later with a replacement Manager Emiloo Carfaro. This amount grew to over 85k early Feb 2021. Then the downside happened till eventually today I have been advised by Michael Delman that my account is zero! Emilio and I had an agreed strategy to invest no more than 40% of my equity at any time and that was to be spread over Shares, Forex, Crypto and Commodities. I have all of this in various email and Whatsapp communications. Mr Carfaro blatantly disregarded our agreed strategy and then embarked on high risk, unauthorised transactions resulting in a loss of over 86000 Euros. I have evidence of all of this and am now contemplating my next course of action. For all potential investors of WDCMarkets remember the adage: BUYER BEWARE.
WDC MARKETS ARE A SCAM. THEY RIPPED ME OFF, EVEN THOUGH I TRIED TO DRAW IT BACK IN ABOUT 2 WEEKS AFTER I PUT THE MONEY IN. THIS WAS MAY LAST YEAR. I KEPT GETTING CALLS WITH THEM FEEDING ME LIES, TRYING TO TALK ME OUT OF IT, YELLING AT ME, BULLYING ME. THEY WERE UNBELIEVABLE. THEN THEY SAID THEY WOULD SEE WHAT THEY COULD DO. I EMAILED THEM REQUESTING IT AS WELL. KEPT PUTTING MESSAGE ON THEIR SITE AND NOW I LOOK AND IT WENT FROM 250 TO AROUND 450 AND NOW 5. SCUMBAGS. DON’T DEAL WITH THESE SCAMMERS. THEY ARE TERRIBLE.
I also invested the minimum amount, over time when I requested withdrawals, I was constantly berated and advised to deposit more, It was obviouly a scam. just last week I again requested a withdrawal only to access my account and all funds are gone. I don’t know why this site is still allowed to be up and running.
Jag har blivit lovad enligt kontrakt att få mina investerade pengar tillbaka, en så länge lyser dem med sin frånvaro och just nu är den tredje mäklaren inblandad men inga pengar syns till. har nog förlorat mer en jag kommer att få tillbaka.
Hur kan jag göra för att få tillbaka pengarna som jag blev lovad från början?
WDC MARKET looks and behave like very sophisticated brooker if sou are ready to invest and changes their behaviour in a moment of an attem´t to withdraw some money from your account. The request becomes “pendlng” and you get nothing back. Instead of payment you can expect many phone calls to persuade you to invest aditional ammount to save your account that is by the way scfidentaly in a risk! WDC Market is scam – this is my personal experience and expensive enough, trust me. ☹️
I will be short, do not trust wdc market, THEJ LOSE ALL MY MONEY. I try to freeze my money and tut out and it was rejected. Now Frank J. Schkerez don’t call me any more and don’t answer on my emails
I have also invested some money, thankfully just the €250 that is the minimum. My latest account manager said she needs to see my bank account to verify my initial payment. Surely that’s not right?! She seemed to get angry when I said I wasn’t happy doing that!
Cannot withdraw my 250 Euros out .Thankfully that’s all I put I. .Its a scam so called ,account managers who I have spoken are horrible aggressive people .In my opinion they use false names ,.They should be brought to book ,site should be taken down.They should be in prison
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I invested my life-savings in WDC markets and was told that I would get a very good return on my investments.
I thought everything was going along well and it appeared I was making a profit (on paper).
One day I decided to do my first withdrawal of AUD$2000. It went into a pending mode.
Within 24-48 hours I received a notice on my account (with them) that I needed to urgently deposit more funds to keep my positions buoyant.
I rang them that night and was told that there was a Bitcoin “crash” and that everyone associated with the company had the same thing happening to them.
I searched the net for any Bitcoin crashes and found no such news.
I was told by them that they could freeze my account for a few months until I could get together more funds.
My original “account manager” suddenly went offline with COVID-19 and a different person took over my case.
I have been emailing them in a desperate attempt to get my deposits back for weeks but they keep hedging and making excuses.
They told me that I could have the option of retrieving whatever was remaining MINUS “taxes and fees for keeping the account open without any movement in it”.
I know that they are continually trying to convince me that everything is legal and above-board and that my losses are genuine and substantial.
I know they are scamming me but I cannot figure out a way to get my investments back.
I am sure there are many of you in a very similar situation who don’t know what to do either.
I have come to the painful and embarrassing conclusion that WDC Markets are a scam.
Absolutley do NOT trust WDC markets.
It is all fake and when you want to withdraw some or all of your money, there are 100 lame excuses why is it not possible.
It may look good on your screen and you see profits, but it’s just numbers and graphs on your screen.
They do not provide you with terms and conditions and the account managers do what they want without your consultation.
But it doesnt really matter because it’s all fake and you havebeen scammed.
I have accepted the fact that i will never see ANY of my money again eventhough they try and tell me I am mistaken.
DON’T TOUCH THEM WITH A 100 FEET POLE!!!!
WDS markets really scammer.they are scammed 1500 euro.
They don’t answer ,I could not take my money back.be carefully pls
Én is befizettem, de csak később olvastam a cégről. Kértem vissza a pénzt, minden féle igazolásokat kértek, amit elküldtem nekik. Végül azt írták, hogy mindent igazoltam, majd küldik a pénzemet vissza 600 eurót. Ezt két hete írták, azóta semmi. Mit lehetne tenni, hogy visszakapjuk a pénzt?
I also paid, but only later read about the company. I asked for the money back, they asked for all sorts of certificates I sent them. Eventually they wrote that I had verified everything and then sent my money back for 600 euros. It was written two weeks ago, nothing since. What could be done to get the money back?
I paid 240 Euros, they won’t allow me to withdraw any of my money out, I email them everyday, they have told me at least 3 times that they will refund my money.. they only me to deposit..
WDC Markets are scam, once you put money in, you can’t get it out
I have money inverted I wdc marquets ,What do you recomend in my case
Thanks
Alf
Jag har investerat med WDC, eftersom jag veste att de är inte reglerat jag tänker att inte investerat mer med de och undrar hur jag kan få mina pengar tillbaka.
DONT DO IT ALFONSO!!!!
ABSOLUTE SCAM invested $900 in 10 months it was 2500eu then 13/01/2021. SUDDENLY ALL MY MONEY WAS GONE due sudden crypto volatility.Wdc markets was the only company that experienced the volatility.Bastards
Wdc is a very big fraud team. Nicholson Buskin, Dann, Jamie Anderson ,, they used to talk, reply regarding my 1.5 million AUD for nearly 2 years and ultimately lost and cheated all funds.
Not even a single cent is given back apart from 100 euro at one time.
A mass complaint about these WDC cheaters should be reported worldwide, so others don’t invest in it.
it’s a illegal activity they are doing as team and looting us.
very bad guys.