WMarkets
We checked WMarkets against the AskCheck register. It has been reported (2026) and carries the red flags below. Treat it with extreme caution.
Why it’s flagged
What we found
WMarkets does not disclose any regulatory information and makes no claim of holding a license from any financial authority. It only states that it has addresses in Nigeria and Dubai. However, forex trading in Nigeria is not strictly regulated, meaning brokers registered there typically operate without meaningful oversight, posing significant risks to clients. Additionally, we searched the registers of all major UAE regulators, including the Securities and Commodities Authority (SCA), the Dubai Financial Services Authority (DFSA), and the Central Bank of the UAE (CBUAE), and found no record of WMarkets or any affiliated entity. All findings proves that the platform is not licensed to offer forex services. Therefore, WMarkets 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 WMarkets.
- Verify on the register. Cross-check the full entry on the SentFunds register before you trust anyone offering to help.