WDC Markets Review: A Charlatan Broker

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WDC Markets Review: A Charlatan Broker

A broker with no demo account is a red flag; WDC Markets is that very same broker. WDCMarkets is trying to sell itself as a legit brokerage house to any investor. Investors should be aware that the broker is completely anonymous. Although they have a UK address, authorities in the region have no such broker on their list. And this is a worrying trend that must be put to rest. Continue reading this thorough wdc markets review for more information.

WDC Markets Review

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About WDC Markets, Features, and Review

All parties should note that WDC Markets is an anonymous platform. With no information on who’s behind it, it remains a scanty website. These websites tend to close shop at any given time. Once the broker has his fill, they may decide to shut the whole operation without giving notice.

And this is the problem most members are due to face once the broker’s truth is out. Please stay away from this broker, or else risk losing any deposits made to them.

The broker claims that your success is their priority. These are words that lure unsuspecting investors to deposit with the broker. In truth, the broker has no such thing in mind. All they want is to have your money and stay with it. There are several complaints already lodged against this broker.

Most of these complaints center on the inability to withdraw funds from the platform. And this is what makes WDCMarkets a complete scam.

Assets found on the platform.

WDCMarkets Assets and Trading Instruments

There are three trading instruments found on the platform. The three include Forex, Indices, and Stocks. Investors should take note that the broker does not offer any trading conditions. We don’t know the leverage set for these instruments.

The lack of proper information leads to users expecting more than they bargained for. And this is exactly what the broker intends with the misinformation. To throw off anyone who attempts to question their trading conditions.

Business owner

With the platform being completely anonymous, we can’t point any fingers. Most of these anonymous brokers are most likely based offshore. Anonymous brokers prefer the Marshall Islands and St. Vincent and Grenadines. These two places offer a haven for anonymous brokers due to the lack of strict regulation.

That’s why most claim to have a European address while, in fact, they are offshore. Stay away from offshore brokers as funds are far from safe with these merchants.

Customer feedback and online reviews WDCMarkets

Thomas Smith is the first victim to express his disappointment with the broker this year. Last year, he was gaining profits from his trading. Once the minimum withdrawal limit was reached, he decided to withdraw part of the funds.

Little did he know that this was not going to happen any time soon. He has been trying for weeks to get a hold of the broker with no luck. And this is exactly what other victims of the scam are experiencing. The best option is to stay away from it.

Domain insights

With the domain’s history open for the public, we went ahead and perused through their history. The website went live on 30th January 2019. It has been live for two years with little information on their profitability.

With their servers in Missouri, we believe that these are professional online scam artists. The way they have designed the website to create an impression of a valid broker is impressive. One issue we have with their appearance is falsely claiming to have a legit trading license.

License and Registration WDC Markets

The Financial Conduct Authority (FCA) does not have this broker on its list of regulated entities. That goes to show that WDC Markets is not a regulated entity. Even though offshore brokers get their licenses from SVGFSA, this particular broker doesn’t have any credentials.

It’s clear to see that WDCMarkets is far from being a safe broker. With no license details, the security of funds is not a guarantee. The best option is to stay away from such a broker.

We don’t get to see any information on their license. The broker even fails to acknowledge that they are in the process of acquiring one. There’s a lack of transparency within the platform. Without a valid license, it means the broker fails to deposit the minimum capital requirement.

All those who deposit funds with this platform should know there’s no insurance cover. If the platform goes under, no member will receive any compensation from the website.

Pros and Cons of WDC Markets

Account Details

WDC Markets Account Types

There are three account types to choose from with this platform. WDC Markets is offering Self-trading, Robot trading, and Copy trading account types. All these accounts come with a different set of advantages and disadvantages. Considering the broker is far from being legit, there’s no point in even signing up.

You don’t even get to know the required minimum deposit for trading. These are the points that make you stay away from such a broker. There’s no professionalism with the platform.

Deposit and withdrawal options

You can deposit using various methods, which include bank transfer, Maestro, MasterCard, and Visa. Investors should note that there are several complaints regarding the lack of withdrawal. The website does not include their withdrawal policy, which is another problem.

We don’t know when a member is allowed to make withdrawals. Since none has come out with proof of withdrawing, we assume the entire process is a scam. Without any withdrawals taking place, this is not a legit brokerage house.

Live Chat

Meghan is the assistant you get on their live chat. After giving your name and email, you can start chatting with the assistant. It may take some time before there’s any response. We believe that this is a bot and not a real person.

Please stay away from giving your personal information. The broker will use your email to bombard you with other promotional merchandise. These scam artists will sell your email to sales teams all over the world.

Safety of funds with WDC Markets

There’s no safety of funds with a broker who fails to have a legit trader’s license. The broker fails to deposit the minimum deposit capital for their operations. That means they are using your funds to secure other payments for their website.

The website itself lacks any security software to protect users from third-party attacks. When making deposits, hackers might steal your credit card information. The entire website is scanty at best.

Scam or legit WDC Markets

WDC Markets is a complete scam with evidence out there for all to see. We don’t see any good news from the broker or who is running the show. Anonymity is a dangerous partner in any online transaction.

The best option is to stay away from it and choose industry-recommended brokers. All of these points to a broker who will do or say anything to make you deposit funds with them.

Bottom line

WDCMarkets Features

We won’t be recommending a broker who fails to pass regulatory compliance. The broker is anonymous and shows no credible features. Without transparency, the whole website is a landmine ready to explode.

Become the best at trading thanks to having credible brokers by your side. It’s the safest way of making money with online trading.

We wish you all the best.

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