WDC Markets Review (2023)

Founded
2020
Avoid Reason
No License

Is WDC Markets a 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 the 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

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 the range of expert services, resources and advice.

In addition, we couldn’t find any information about this broker is 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. 

New Zealand, FMA:

“We are concerned that WDC Markets and 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.”

Spain, CNMV:

“WDC Markets is not authorised 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 shared with the authority directly or by other countries’ supervisory bodies or transmitted centrally. Those tools and 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.

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 regulation, 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.

You can also share your trading experience with WDC Markets by commenting on this review.

WDC Markets website is no longer active.

Reviews

Alfonso Gandasegui Says:
At: 2 years ago

I have money inverted I wdc marquets ,What do you recomend in my case
Thanks
Alf

Ahmed ibrahim Ibrahimelfars Says:
At: 2 years ago

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.

DIANA DE VRIES Says:
At: 2 years ago

DONT DO IT ALFONSO!!!!

jazz Says:
At: 2 years ago

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

Dalvinder pal singh Says:
At: 2 years ago

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.

Louise Elizabeth Says:
At: 1 year ago
WDCMARKETS is a big scam, I invested a lot of money in this company and everything was going good until I said I wanted to withdraw and all my money was gone. I paid 240,000 Euros, they won’t allow me to withdraw any of my money out, I email them everyday, once you put money in, you can’t get it out. I finally was able to get my money back with the help of a recovery chargeback service done by ([email protected]). His reliable chargeback firm, you can contact him if you need, He can help you get your life back like he did for me, I guess this information may be useful.
Louise Elizabeth Says:
At: 1 year ago
WDCMARKETS is a big scam, I invested a lot of money in this company and everything was going good until I said I wanted to withdraw and all my money was gone. I paid 240,000 Euros, they won’t allow me to withdraw any of my money out, I email them everyday, once you put money in, you can’t get it out. I finally was able to get my money back with the help of a recovery chargeback service done by ([email protected]). His reliable chargeback firm, you can contact him if you need, He can help you get your life back like he did for me, I guess this information may be useful.
Victoria Marcus Says:
At: 1 year ago
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tonyluis Says:
At: 1 year ago
My experience here was a very terrible one. After I had made my second deposit I was blocked out. Nothing I did worked. I was so frustrated and giving up on my money when Mrs. HARPER JAMES came to my rescue and helped me out with the issue. I would have been in a big mess if I had not met Mrs. HARPER JAMES HARPERJAMESPLATFORM  G  MAIL   COM personal email them privately. I wish to recommend Mrs. HARPER to anyone in recovery of loss. She saves me and I believe She can also save others who have run into loss.