WL Company DMCC
We checked WL Company DMCC against the AskCheck register. It has been reported (2024) and carries the red flags below. Treat it with extreme caution.
Why it’s flagged
What we found
WL Company DMCC presents itself as a distinguished broker, allegedly holding numerous awards. However, the scant information on its website makes it challenging to find a detailed company profile. This lack of transparency raises questions about its credibility and authenticity. Adding to the concerns, the domain name, wlcom.online, was only recently registered in March 2024. The recent establishment of the website contradicts its purported reputations and business scale. Despite its claim of being based in Dubai, there is no evidence of its registration with any of the relevant financial regulators, such as the Dubai Financial Services Authority (DFSA), the Central Bank of the U.A.E. (CBUAE), or the Securities & Commodities Authority (SCA). This suggests that WL Company DMCC may be operating outside the regulatory framework. Moreover, the provided YouTube channel suggests affiliations with two other websites: waldoracompany.com and waldoragroup.com. These sites share identical content and graphic logos with WL Company DMCC, purporting to be operated by Waldora Limited, a company allegedly registered in Belize and located in Canada. However, our checks with the Belize Financial Services Commission (Belize FSC) and the Investment Industry Regulatory Organization of Canada (IIROC) indicate that it has not obtained licenses under either of the jurisdictions. In essence, WL Company DMCC is not regulated by any governing body. Entrusting it with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds. WL Company DMCC appears to be a scam.
Assessment source: FastBull BrokersView.
What to do next
- Stop sending money. Don’t make another deposit, pay a “tax” or “release fee”, or share remote-access to your device.
- Gather your evidence. Save statements, chat logs, transaction IDs and the wallet addresses you paid to.
- Report it to your regulator and to local police / action-fraud line so it’s on the official record.
- Add your report here so the next person searching this name is warned — report WL Company DMCC.
- Verify on the register. Cross-check the full entry on the SentFunds register before you trust anyone offering to help.