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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