Read our WestMark review carefully to see why we do NOT recommend this broker for trading. Just to clear doubts, this is a westmark.cc 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 WestMark 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 WestMark 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.
WestMark Review Conclusions
Making the WestMark 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 WestMark 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] or by using this contact form.
If you like to trade please do it with a trustworthy, regulated broker, by choosing one of the brokers listed below.
I have just been involved in a phone call from these scammers and only just recognised it. This I believe may have been after a visit to a stock-trading website.
The caller was aggressive when asked about security, almost shouting at me to check my phone for a text from my bank as I unwittingly thought he was another broker that I was dealing with. I complained that as I was the client he should be more professional at which point I realised that this may be a scam and he flew off the handle.
Beware of Maximillian from Westmark!!!!!
I too have fallen victim to Westmark.cc. I was called by Kevin Green who was ultra-loud and aggressive and unfortunately deposited further funds.
He made a trade and made a large amount and promised to do the same again the next day before returning it so that I could pay my rent. Unfortunately I never got the call back and the funds are sitting in the account.
I made a withdrawal request on 28/10/2020 and have not heard anything more.
Beware of Westmarl.cc
Hello.
November 22, 2020 Mark called me (so introduced himself) from Westmark and very kindly introduced his broker platform. Told about money security and return. Verbally everything looked beautiful. I was tempted and made a deposit of $ 250. They confirmed my account and so I started making bets … after a few days my profits rose to $ 1,500. I decided to make a withdrawal and a refund to my account. As far as I tried I wrote the same way that there is no such amount in my balance – although I tried to get back only 250 USD … I wrote a few letters to them (westmark.cc), but I have not received a reply so far …. I think I will not get my money back.
I read an artical about bitcoin and asked for further information. i was called up the next day by a lady who said she was my senior account manager and she would explain how the system worked. I was on the phone for about 40 mins and she stated in order to open an account I would have to prove my identity and would need to take a short video of myself holding a photo ID and authorising the purchase of bitcoin for the £250. Which I did. We then set up access to their trading platform investxe showing me my sum of money deposited and used anydesk software to show me around the system saying she would be making s transactions on my behalf in the next few days. Sure enough a had a phone call saying that she had made a few trades and that my system was showing a 60 dollar profit. I asked how to withdraw the profit and she adsvised me to leave it but if I wanted to withdraw all I had to do was to hit the withdraw button and after
a couple of days my money would be refunded to my account after her 1% commission had been deducted.
I wanted to learn how to trade myself as a hobby so I asked how I could get more involved. She wasnt very clear with her answer and said she would ring in a few days. Two days later a guy called Fredy rang saying he would show me how I could use a different platform so I could eventually do some trading myselfHe asked to me to use anydesk and then pulled a westmark trading platform and directed me around the system saying in order to use the software there would be a minimum fee of £250. Althought I had my suspect that I might be being scammed this was the red light. So I said I already had £250 profits in tnd called it up to show him. He of cause said he could not use this so I said I will withdraw the money and when it is in my bank account I will make a deposit in westmark (not intending to do so) He then said it take to long for my money to appear in my bank as the offer to use westmark would run out in three days. so I asked him why does it take so long for my money to transfer and can he demonstrate how I withdraw my funds from investex. He did so and it then came up with a pending transfer. He said this would take two days but the transfer was now operative so I could place the £250 in westmark. When I said no Iwill wait until the money is in the bank and then transfer it to westmark (no intention of doing that) He then started to be more forceful a kept making the timescales shorter he is now giving until tomorrow to change my mind. I will not but I have probably lost my money which I was prepared to while trading but not to a scammer. I will see next week if any funds arrive in my bank account but I wont hold my breath.i
I also have been involved in a false trade with the Westmark.cc, I did speak to some guys called Jerry G, Kevin K and Sara days in row until I made the payment and not heard from them since. They wanted £250 but I only gave away £200 on 29/01/2021 and I naively signed a false transaction verification form (I have copy). I already contacted my Bank to stop them from taking any more money and requested a new card. I don’t know if I am going to see that money back and hopefully with some help and assistance I get them back.
WESTMARK.CC = SCAMMERS / TRADING PLATFORM, YOU HAVE BEEN WARNED, VERY MANIPULATIVE AND WILL SIMPLY LEAD YOU UP THE GARDEN PATH AND STROKE YOUR EARS INTO INVESTING MORE MONEY AND ALLOW YOU TO WITHDRAW NONE. SCAMMERS INDEED, YOU HAVE BEEN TOLD. BEWARE OF THIS COMPANY
Be ware of Kevin Green and Thomas Nash from the Westmark company!
They freeze my 10.000€ on their Westmark account…
I hope I will recover it one day but with the justice…
I was tricked by smooth talker accountmanager Charlie Winfield. He told me to make a deposit of €5000 to start my withdrawal request of $2000. Stupid enough I did and month later I still got nothing. I reported their BoilerRoom scamming practices to the police, AFM, my bank and CoinBase but without any option to get my money back.
I did not start the mychargeback process because I had to deposit again another €1000. Unfortunately I am broke now.
People be warned I lost $8700 to these guys.
Hi
Thanks for the explanation in your website.
In my case, I have deposited USD250 to Westmark on the 29.12.2020 and after realizing that something not right i immediately made a withdrawal on the same day (29.12.2020).
I have left many messages on their system but there was no reply.
No email received – NOTHING.
I should have read your article earlier as i did not know about the “charge-back” – which I believe is a very effective method.
However, today (15 March 2021) when I checked my account in Westmark I have noticed through the “History” list they have made a trade on EURGBP since the 5th January 2021 and closed at a loss of USD 238.44 with a SWAP amount of USD 62.08 leaving my account that i attempted to close with a negative balance if USD 50.52.
So, it seems my funds are gone!
Traded by Westmark without my permission!
Denied my request to withdraw my money!
Leaving me with a negative balance on my account.
PLEASE DO NOT DEAL WITH THIS BROKER
WESTMARK IS A PIECE OF SYSTEM THAT FULL OF SHIT
I can’t withdraw my money bewear.
Do not go near wesrmark,there a shower of lying b. … s, they will make it sound like u can’t lose,u give them ur money and u don’t hear from them again. And you will not get ur money back.u have been warned!!!!!!!!
They run an old school Pigeon Drop scam. First they let you make an instant profit. Then they ask you to pay insurance/tax/etc. in order to withdraw. If you meet their demand by making extra deposits, they simply come back asking for more, and always promise full withdrawal if you just make a final payment. So it goes until you either realise it’s a scam or you have completely emptied your bank accounts and can’t borrow any more. You will never get anything back. It’s a very cruel classic scheme.
I also have been scammed by westmark.cc I was interested to make some fast money to pay medical bills for a family member contacted Bitcoin and made a deposit of €250 a few days later I was contacted by a woman named Robyn who asked me to invest with westmark.cc at no risk and she took control of my computer through Anydesk got my €250 actually €243 returned to my bank account and a few days later she contacted me again and said she would contact me on WhatsApp which she did I then made a deposit of 243 to westmark and she said she would get Anthony Whitfield to contact me and he was the best and would look after me very well as he was going to be my financial advisor he contacted me and said I was trading very well but if I had invested more I would do much better he then took control of my computer through Anydesk and saw that I had another bank account which he deposited a further €1626 from into my westmark account which he would return to my bank account the next day saying there is no risk involved.like a fool I went along with him.For over a week now I watched my account get smaller and smaller,I trust to contact him through my online account which he said I could contact him at anytime and also tried to contact him on WhatsApp but my attempts are not answered.I also tried to contact Robyn but no answer ,last time I messaged her to ask her to get Anthony to contact me she replied that she would inform him but that he had all my account details but I now can’t make contact with anyone they won’t answer me. In total I have invested €1869 which I fear I may have lost.why are people like this allowed to use Google and WhatsApp sites? I have read the reviews on Westmark and it seems many people are being scammed by this so called company.So be warned do not get involved with westmark.cc SCAMMERS.
That above should read I tried to contact him through my online account
I have been contacted today by Adrian Dornan Westmark after No contact since April when they stole €1800 from my bank accounts now they tell me that my account is making good profit and I have €13000 in my account.So I asked if I could make a withdrawal of €10000 which I have to do through Binance or Coinbase having to first pay€3000 which they will repay to me after the transaction has been done….this is for insurance so they say. Would you believe while speaking with Adrian I received a second call which I disagreed and was asked by Adrian to answer it as it may be Binance to inform me that €10000 has been lodged in my account I then answered it and it was apparently from Binance from someone who spoke exactly like Adrian asking me to pay30% €3000 for this money to be lodged in my bank account.I said I was paying nothing this guy then got very upset that I refused to pay and said he would cancel the transaction and hung up.needless to say Adrian did not ring me back as he was supposed to. Scam Scam Scam! All be advised if you invest with westmark your money is gone gone gone!!
Which I disgarded Above should read sorry
hi all,
I have deposited USD350 by cryto wallet to Westmark.cc on the 03/08/2021 and after realizing that they website are not legal info and they a doing the trade for me but the price they buy in is so weird did’t make sense for today market . I just realise Im leaked my bank account and credit card info to them went they connect to my laptop view teamviewer . Just change all my bank pw and requested new credit card , haven request withdraw from them .
sorry for my poor grammar and english , hope this could help other
How are they still scamming? my poor husband was victim of these bustards and took £23,500 which is $ 32000 ? knowing everything why the trading authority does not take any action? how long people will be victim of them? Fortunately bank repaid our money knowing this is a scam but we suffered for a month. this is absolutely unacceptable, they still exit and ruining innocents life but no one doing anything
Hi Nusrat,
Could you please tell me how did you approach the back to get your money back?
They are RATS! Don’t believe anything thay say!!!!