WM Markets Ltd has been flagged by Financial Services Agency for "Unregistered/Unlicensed entity offering financial products or services". 1. Location of office or Address
Bonovo Road, Fomboni, Island of Moheli, Comoros Union
2. Content, etc. of Business
Solicitation of OTC derivatives transactions on the internet without the statutory registration in Japan
3. Notes
The name of financial service provided by the company is “WM Ma... This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.
After doing some research AFTER the fact (I know, I should have done this first), I discovered that WM Markets Ltd is not authorized by any legitimate financial regulator. They are operating illegally. The website looks very professional but it's all a facade. Please check the regulatory warnings database before investing with ANY company.
Pros: Initially responsive customer service
Cons: Blocked my account|No legitimate license|Fake returns
I lost a significant amount because WM Markets Ltd did not execute my stop loss during a flash crash. They said the market was illiquid. Other brokers managed to execute. I have no proof they did not trade against me. Avoid.
Pros: Wide product range|Easy withdrawals
Cons: Spreads widen during volatile periods|None so far
My card was charged twice by WM Markets Ltd on the same day. I had to dispute it with my bank. WM Markets Ltd then froze my account and said I had a negative balance because of the chargeback. They created the problem and then punished me for it.
Pros: Instant funding|Low minimum deposit|High security standards
Cons: Could offer more webinars
I experienced a security concern with my WM Markets Ltd account and reported it immediately. Their response time was inexcusable for a financial platform. It took them four days to acknowledge my report and another week to actually address it.
Pros: Competitive fees|Quick verification|Customizable dashboard
Cons: Account statements could be more detailed|Minor UI glitches occasionally
I referred a friend to WM Markets Ltd after attending a webinar they hosted. We both deposited. The referral bonus never arrived. Support said we did not meet the terms. When we asked which terms they pointed to a clause that was added after we signed up. Shady.
Pros: Personal attention|Quick verification|Copy trading available
Cons: No integrated tax optimization|No live chat on mobile
The reporting at WM Markets Ltd is laughably bad. Tax documents are inaccurate, transaction histories have gaps, and trying to export data for your accountant is a nightmare. For a financial platform, getting the numbers right should be the bare minimum.
Pros: Great customer service|Good analytical tools|Tax reports included|Personal attention
Cons: Minor UI glitches occasionally|Withdrawal takes 1-2 business days
After seeing ads for WM Markets Ltd online, I investigated. The company is listed in the IOSCO I-SCAN warnings database and has been flagged by Financial Services Agency. Their website looks professional but that means nothing - many scam operations invest heavily in appearance. Always check the regulatory warnings before investing.
Cons: Listed in warning databases|No transparency|Pressure to invest quickly
For anyone considering WM Markets Ltd, please be aware that this company has been flagged by Financial Services Agency. This does not necessarily mean they are a scam, but it does mean they may not be authorized to operate in certain jurisdictions. I strongly recommend checking the official regulator website before making any investment decisions.
Cons: Appears in regulatory warnings database|Uncertain regulatory status
I invested $25,000 with WM Markets Ltd after seeing their professional-looking website. At first, everything seemed fine - they showed me impressive returns on my dashboard. But when I tried to withdraw, they kept making excuses. First it was "processing time," then "verification needed," then "you need to pay a tax fee first." I never got my money back. I have since reported them to Financial Services Agency.
Cons: Cannot withdraw funds|Not regulated|Pressure tactics