Read our WDC Markets review carefully to see why we do NOT recommend this broker for trading. Just to clear any suspicions this is a wdcmarkets.com review.
Who are they?
After taking a look at their website, it shows that they do not fall under any regulating agency. That is a MAJOR RED FLAG!! That should be enough for you NOT to invest with them. And they also work with websites that offer “Automated trading software” which is another red flag, as this kind of websites are notoriously famous for scamming schemes.
So WDC Markets is just another unregulated forex broker, which means the customers are not protected, and there is highly likely they will get away with your hard earned money and there will be no regulating agency to hold them responsible.
How does it work?
Usually unregulated forex brokers work in the following way. They will call people to persuade them to make the initial minimum deposit, while trying any conceivable method in order to make that happen. They will offer deals that sound too good to be true, like we will double your initial deposit or you will make $100 per day easily. Please don’t fall for anything they say!!! It is a SCAM! After making the initial deposit, people get transferred to a smarter scammer, called a “retention agent”, who will try to get more money out of you.
Withdrawing funds
You should submit a withdrawal request ASAP, because your funds are never safe with an unregulated broker. And here is when things get tricky.
If you want to withdraw your money and it does not matter if you have profits or not, they will delay the withdrawing process for months. If they delay it for six months, you won’t be able to file a chargeback anymore and your money is gone for good. It does not matter how often you remind them or insist in withdrawing your money, you will NOT get them back. And if you signed the Managed Account Agreement or MAA, which is basically authorizing them to do anything they want on your account, they will lose all your funds so there won’t be anything to request anymore.
How to get your money back?
If you already deposited your money with them and they refuse to give your money back, which is very likely to happen, don’t worry, it might be a way or two to get your money back.
First of all you need to keep the emails as a proof that you have been requesting the money back from them but they don’t give it to you, or they delay the process for too long, with the intention of not refunding your money.
The first thing you should do is perform a chargeback! And you should do this right away! Contact your bank or credit card provider and explain how you were deceived into depositing for a trading company that is not regulated and they refuse to give your money back. This is the simplest way of getting your money back and is also the way that hurts them the most. Because if there are many chargebacks performed, it will destroy their relation with the payment service providers. If you haven’t done this before or you are not sure where to start or how to present your case to your bank or credit card company, we can assist you in preparing your chargeback case. Just contact us at [email protected] but do not let your broker know they you read this article or that you are in contact with us.
What about wires?
If you sent them a wire, there is no way to perform a chargeback on a wire. For this step you need to raise the fight to a different level. Tell them that you will go to the authorities and file a complaint against them. That will get them to rethink the refund possibility. Another thing you can do is prepare a letter or email for the regulating agencies. Depending on the country where you live, you can search on google to find the regulating agency for Forex brokers in that country. After that you can prepare a letter or an email describing how you got deceived from them. Make sure you show this letter or email to them, and tell them you will send it to the regulating agency if they don’t refund your money. If you do not know where to start, reach for us at [email protected] and we will help you with this step as well.
Make sure you leave reviews about WDC Markets in other sites
Another way to hurt them and save other people from falling victims is to leave bad reviews on other sites, and describe shortly what happened. If you fallen victim please leave a review and a comment on this site at the comment section.
WDC Markets Review Conclusions
Making the WDC Markets review is actually a pleasure for us, and we hope to save as many people as possible from losing their hard earned money. A good rule of thumb is to carefully review all the Forex companies and any other company for that matter, before you perform any transaction. We hope that our WDC Markets review has been helpful to you. If you have any questions or you need an advice about the withdrawing process, feel free to contact us at [email protected]
If you like to trade please do it with a trustworthy, regulated broker, by choosing one of the brokers listed below.
Be carefull and dont invest any cent. Its a scam all around the World. IF you invest any money, guy on the Phone is explaining you, you have to invest more money, because its a longtherm konto. If you dont invest they will Phone you again and again by Phone numbers from all around the World. Dont invest, dont believe at wdcmarkets.com
Got scammed by those people, after the original 250€ they asked for more (5000€) I put 1000€ then they phoned me and tried to make us take a lawn of 100 000€ for monthly revenues which will cover monthly fees + interests… gladly we didn’t go for it.
Now for 2 weeks I am trying to get the money back. They even reply on my trustpilot review, blackmailed me into removing the review !! a lot of 5 stars scam reviews and 2 honest ones.
DO NOT TRUST WDCmarkets.com IT’S A SCAM !
Got me too, but only the smallest amount.
@Timo please spread the word -> they are putting tons of fake reviews on trust pilot with 5 stars. I flagged them but of course trust pilot left them…
HOLA, HOY ME HAN DICHO QUE TENIA QUE INGRESAR 1000 € Y HE DICHO QUE NO, QUE INVIERTAN CON LO QUE HE PUESTO 275€ Y YA HE VISTO QUE NO INTERESABA,PERO CREO QUE HE PERDIDO LO QUE HE PUESTO VERDAD??
WDC Markets is a SCAM. Hands off.
@ Branislav please leave a comment on https://www.trustpilot.com/review/wdcmarkets.com they have an army of scammers leaving 5 stars comments and denounce them to authorities!
Last week a lady contacted me from this scam company nearly crying because I said I wanted to quit as they are a scam (lol). She said my money is still invested that’s why I cannot have it back faster… I asked for a timeline. She never called me back and the withdraw is still “pending”…
WDC Markets, es una absoluta ESTAFA. Hice una entrega inicial de 400 euros- El mismo día me arrepentí y solicite el reintegro. Después de enviarles muchos correos a su email de soporte, solamente me contestaron una vez diciendo que o estaban estudiando. Y nunca jamás volvieron a ponerse en contacto conmigo.
Huir de ellos como de la peste.
Wdc is a big scamm. Don’t invest there. They are crooks
These guys are too much, flee ! Don’t forget to post your reviews on trustpilot: https://www.trustpilot.com/review/wdcmarkets.com
For 4 months now I’m trying to get back my money… There is always a “good excuse” not to do it. We had more than 4 different people calling us (aka bullshitting like no tomorrow) and always delaying the “complete withdrawal” … even if you follow their advice (using their fake withdrawal form, cancelling pending withraw) they don’t do anything. This story now have to go to authorities as they even send me per mail and phone that I could withdraw all after the 29th of May before retracting a few days earlier…
If you want to loose money and time go for this scammers !!
On the last call they even told me that Branislav lost everything on his own 😀
Excuses excuses excuses… they NEVER reply to your questions only talk and talk and talk, the market blabla the way it works blabla…
They have quite some money to hire all these liars and thieves using several telephone number from different countries.
The above is all true I can;t get my money out so you just have to kiss your money good by
So after 6 months of calls from supposedly “account manager” bullshitting like no tomorrow about why they cannot close the account and give the money back…. today they told me that there’s no more money in the account as the market crashed yesterday … The first “account manager” swore to me they invest max 15% to minimise the loss so how come they loose 100%? Well because it is a scam ! DO NOT put a dime in their trick website you will never see them again !!
Hi,
I recently deposited money with this company, they have asked me to apply for a bank loan to deposit. I am not getting the bank loan but I’m worried about all the identification information they have about me. they asked for my passport, bankcard, and utility bill identification, which I sent them. any advice would be appreciated thank.
@Shirley Mcauley, you should report them to your authorities !! They are thieves no matter how much they took. I also reported them to uk police as it seems they operate from this country.
-> https://www.actionfraud.police.uk/
I encourage everyone in this page to report those scammers to stop their joyride!
Yep… total scammers, liars arse holes etc etc etc.
Money gone forever.
Silly me.
But people who say they can get your money back are also scammers…
So dont get fooled twice!!!!
WDCMARKET is a scam
Ciao a tutti, non sono riuscita ad entrare oggi nel mio account, però molto strano che il sito, la home page funziona a meraviglia o anche se si fa una nuova registrazione, ma dal momento che io faccio click su accedi e inserisco i miei credenziali mi dice Backend Server Error. Coincidenza strana, ho provato su vari pc e anche su cellulari mi da la stessa cosa. La settimana scorsa avevo fatto la richiesta di prelevare i miei soldi ma nessuna risposta in merito.
Ho fatto dei screen shot di ogni passaggio dove si vede il giorno e anche l’ora, come documentazione. Spero che serva a qualcosa.
Qualcuno mi può aiutare a recuperare i miei soldi!!!
Hello everyone! I’ll get in touch with you again. The scammers from WDC Markets managed to destroy all of my money. That is a record in these times when profits are gushing on the stock market. All bookings from this scam company are air bookings and the positive reviews are also fake. Again I warn everyone who wants to invest in this company not to do so. Because these scammers steal your money and you have nothing left.
@Hans, I know it sounds pointless now, but fill in report to your authorities on those scammers or UK ones (https://www.actionfraud.police.uk/) and add some reviews on sites where it hurts ( https://www.trustpilot.com/review/wdcmarkets.com) they don’t like it 🙂
Hello everyone, the same thing happened to me, I asked for my € 500 back after 6 months but they did that from the date of the withdrawal request to ensure that my account was lost in automatic trading, after about 20 days I lost all my money, in fact they made me under -53.08 €. I have documented all the movements of the trading with the screen shots taken on the desktop.
I had also done 3 reviews on trustpilot. Two left him one took it off for a moment because it was very detailed, I sent the documentation to truspilot to show the veracity of what I had written and after a while they put it back.
WDC Markets is not a reliable platform, they don’t give your money back.
Be careful.
Hi all I think this company should be stopped they tell lies and take you money I lost $430 need to get the word out there about them
THIS COMPANY IS A REAL RIP OFF KEEP AWAY!!!!!!! This is what happened to me. On the 1/4/20 I deposited €249:00, I was going very well got to about €440:00 I thought this was good, so I tried to withdraw my money. No luck had to have over €500:00. But what they have done to me is to lose the money which I had in my account, from the 4th of February to the 15th February, over seven business days, and fifteen trades later my account went from about €425:00 to €24:00. So I say again don’t touch them, I only invested with them as an experiment to see how it all worked, should have backed a horse!!!!!!!!!
I have been scammed by these low lives as well. I only put in one payment of 250 back in May 2020 and in the same month i withdrew it. I never got it back. I got alot of calls from these scum trying to bully me, even yelling at me. They were rude and kept trying to talk me out of it. They tried to get me to put another 1000 in which i refused. I was told by a lady Mia from the start that I could withdraw any time but I should let them know. I emailed them a few times. everytime they rang I told them I wanted my money back. And now 9 months later, i just had a look at my account and its down to 5!!! I am trying to chat with a lady named Sarah about where my money is and she is not responding. DO NOT LET WDC MARKETS SCAM YOU TOO!!!
Please help me how we can get my money back with wdc market.
Wdc markets is a scam I sent messages that I wanted to close my account anc withdraw the funds that were in my account and then all of a sudden a month later the account went negative and lost my money. One of the account managers tried getting me to more thousands what a joke of a site, when you initially deposit money they have people in thd background clapping and thry told me it was because a client reached the 5k mark
WDC MARKETS IS A SCAM COMPANY!!! I STARTED IN MAY 2020 WITH 500 EUROS AND HAD SOME RETURNS. THEN INCREASED MY ACCOUNT WITH ANOTHER DEPOSIT. BY NOVEMBER IT WAS UP TO 4500 EUROS MORE THAN DOUBLE MY ORIGINAL INVESTMENT. DECEMBER 2020 I GOT A CALL TO TELL ME MY ACCOUNT MANAGER WAS SUPPOSEDLY TERMINATED. MICHAEL, A RISK MANAGER WAS GOING TO LOOK AFTER MY ACCOUNT. FROM THEN ON IT HAS GONE DOWN AND DOWN TO 1600 EUROS. I REQUESTED 3 DAYS AGO THAT THE BALANCE APPROX 1600 EUROS, BE REFUNDED, THE REPLY. QUOTE,” SADLY THEY CAN DO NOTHING ABOUT IT! WE HAVE ZERO EQUITY IN THE BALANCE AND CANNOT RECOVER IT. IT IS NOT A GOOD IDEA TO PUT MORE FUNDS SINCE THE MARKET IS BAD AT THE MOMENT. THE ONLY THING WE CAN DO IS JUST TO CLOSE THE ACCOUNT FOR THE TIME BEING. i WILL TELL MY COLLEAGUES TO DELETE YOUR INFO FROM THE DATABASE” UNQUOTE! I DIDN’T ASK TO BE DELETED FROM THE DATABASE!
WDC MARKETS IS WELL ORGANISED AND ONCE YOU MAKE THE DEPOSIT, WHATEVER THEY TELL YOU, BE WARNED!!! YOU WILL HAVE NO ACCESS TO YOUR MONEY, AND YOU WILL LOSE IT SOONER OR LATER.
WDC MARKETS IS A SCAM.
As reported on various other times on this platform I am convinced WDC Markets are a scam company. I invested 25000 Euro 12 months ago initially with my account Manager Henrik Reid and later with a replacement Manager Emiloo Carfaro. This amount grew to over 85k early Feb 2021. Then the downside happened till eventually today I have been advised by Michael Delman that my account is zero! Emilio and I had an agreed strategy to invest no more than 40% of my equity at any time and that was to be spread over Shares, Forex, Crypto and Commodities. I have all of this in various email and Whatsapp communications. Mr Carfaro blatantly disregarded our agreed strategy and then embarked on high risk, unauthorised transactions resulting in a loss of over 86000 Euros. I have evidence of all of this and am now contemplating my next course of action. For all potential investors of WDCMarkets remember the adage: BUYER BEWARE.
Yes, A VERY WELL ORGANIZED SCAM. Everything seems to go well for a time then oh, the market took a bad turn and we a prohibiting investment or withdrawals. Now once they empty your account, then they tell you that you have an application process by which they restart your account, kind of like an Insurance policy. This too is part of the scam that they then make it look like they are helping you but then play more recklessly with that until it is consumed too (personally I don’t think they trade it at all – just take it)!
WDCMARKETS IS A scam, I invested a lot of money in this company and everything was going good until I said I want to withdraw and all my money was gone.
WDC MARKETS took 500 euros from me and they have vanished. Kiss any money money you gave them goodbye. These mongrel bastards flit from country to country, Hong Kong (Willie!) Nicolas Nolan (Nigerian charmer), Tomimaes Tallin 194897 (Estonia).;
WDC Markets is alleged to be owned by FTG Solutions LTD registration #1994899 First floor, Mandar House
JOHNSONS GHUT PO Box 3257 Road TOWN TORTOLA BRITISH VIRGIN ISLANDS, Try getting any sense out of these monkeys. Clip joint!! Worse than bloody NIGERIA
WDC MARKETS je veľký podvod.Vklad bol 250eur.Potom ma oklamali a po čase chcely 19.000 eur a poistit 2500eur.Potom sa po čase odmlčali.Tak si dávajte pozor!na podvodníka SLAVKO GLOBEVNIK jeho prezívka je Goran
i got scammed by this company last year now i just had a bloke named mark ring me tonight saying hes from the finance section wanting me to open a wallet so i could recieve a refund. i had to down load any desk and accepted his request to join our computers. he then wanted me to log into my bank account so he could set up a wallet. i didnt log into my bank account because it felt sus. he said all the scammed money had been changed into bitcoin and needed me to authorise the transaction so i could get my money back because its bitcoin now and needs to be converted back to cash. be careful people
@glenn, someone from [email protected] ? … I got those guys too the scam is huge!