ANSWER Willmarkets is an unregulated broker that we advise against trading with, despite the tempting deals it offers.Willmarkets claims to be operated by Will Markets LTD, a company registered with the Financial Services Authority of St. Vincent and the Grenadines (SVG FSA). While our search did locate a company with the same name in the SVG FSA register, the official records provided by the offshore financial watchdog are limited, lacking authentication details and domains for investors to verify. As such, there is no assurance that the registered company is the actual operator of Willmarkets. Additionally, the SVG FSA has explicitly stated that it neither issues forex licenses nor regulates entities involved in such activities. So Willmarkets remains unsupervised by the relevant regulatory body.Furthermore, Willmarkets claims to have an office in London, where brokers are required to be authorized by the Financial Conduct Authority (FCA). However, our search for this broker in the FCA register didn't yield any results, suggesting that it is offering financial services in the absence of the required authorization.Regarding your question, Willmarkets shows a London address on the homepage and the only way to contact them is filling in a web form. Dealing with Willmarkets poses significant risks, as this broker lacks necessary oversight and there are no rules in place to safeguard investors' interests. We would recommend exercising extreme caution and avoiding Willmarkets. To mitigate such risks, investors are encouraged to stay away from unregulated brokers and choose a fully regulated one instead.
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