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WMarkets

Operating status: Unregulated
Website: https://www.wmarkets.io/
High-Risk Active
Broker violations and abnormal records
  • Jan 29, 2026 BrokersView has found that WMarkets appears to be a scam
    WMarkets does not disclose any regulatory information and makes no claim of holding a license from any financial authority. It only states that it has addresses in Nigeria and Dubai.
    However, forex trading in Nigeria is not strictly regulated, meaning brokers registered there typically operate without meaningful oversight, posing significant risks to clients.
    Additionally, we searched the registers of all major UAE regulators, including the Securities and Commodities Authority (SCA), the Dubai Financial Services Authority (DFSA), and the Central Bank of the UAE (CBUAE), and found no record of WMarkets or any affiliated entity.
    All findings proves that the platform is not licensed to offer forex services. Therefore, WMarkets appears to be a scam.
    WMarkets does not disclose any regulatory information and makes no claim of holding a license from any financial authority. It only states that it has addresses in Nigeria and Dubai.
    However, forex trading in Nigeria is not strictly regulated, meaning brokers registered there typically operate without meaningful oversight, posing significant risks to clients.
    Additionally, we searched the registers of all major UAE regulators, including the Securities and Commodities Authority (SCA), the Dubai Financial Services Authority (DFSA), and the Central Bank of the UAE (CBUAE), and found no record of WMarkets or any affiliated entity.
    All findings proves that the platform is not licensed to offer forex services. Therefore, WMarkets appears to be a scam.

Related Complaints

Q&A

My withdrawal from WMarkets has been stuck for a week, is there a problem?

Yesyca Chow
France
Apr 20, 2026
ANSWER Dear Investor, Our previous investigation into WMarkets confirmed that the platform operated without any valid regulatory oversight. While the broker previously listed company registration and physical address details, we have now observed that this information has been hidden from the public. This lack of transparency, combined with the absence of regulation, serves as a highly dangerous signal regarding the platform's integrity. Consequently, we strongly recommend that you do not engage in any trading activities with this dealer. If you have encountered issues withdrawing funds, we strongly advise you to report this issue to your local authorities immediately. Please ensure you gather all relevant evidence, including transaction records, chat logs, and screenshots. In addition, you may file a complaint on our official website here, where our team will carefully review your case and provide guidance or explore potential solutions. Furthermore, please remain vigilant against recovery scams; do not trust any individual or organization that approaches you claiming they can recover your lost funds for a fee.
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Max leverage and account fee for WMarkets?

Nicole KAMAU
Chile
Jan 30, 2026
ANSWER Dear Investor, We do not recommend investing with WMarkets as it does not appear to be a secure platform. WMarkets does not disclose any regulatory information and makes no claim of holding a license from any financial authority. It only states that it has addresses in Nigeria and Dubai. However, forex trading in Nigeria is not strictly regulated, meaning brokers registered there typically operate without meaningful oversight, posing significant risks to clients. Additionally, we searched the registers of all major UAE regulators, including the Securities and Commodities Authority (SCA), the Dubai Financial Services Authority (DFSA), and the Central Bank of the UAE (CBUAE), and found no record of WMarkets or any affiliated entity. This confirms that the platform is not licensed to offer forex services in the UAE either. Given the complete lack of regulation and verifiable authorization, WMarkets appears to be an unlicensed and high-risk operator. We strongly advise you to avoid trading with this broker to protect your funds.
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Risk Warning

FX trading is of high risk and may not be suitable for all investors. Leverage will create additional risks and loss. Before trading, please carefully consider your investment objectives, experience level and risk tolerance. You may lose part or all of your initial investment; do not invest money that you cannot afford. Educate yourself about the risks associated with FX trading. If you have any questions, please consult an independent financial or tax advisor. Any data and information are provided "as is" and only for information purpose, not for trading or recommendations. Past performance does not predict future results.

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