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WCG Markets Ltd
Operating status: SCAM
Website: https://www.wcgmarkets.com/
Broker violations and abnormal records
WCG Markets Ltd claims to be a forex broker, allegedly registered with the Financial Services Authority of St. Vincent and The Grenadines (SVG FSA) under number 26087 BC 2020. However, our verification indicates that this registration has been canceled.
While the broker purports to be registered with the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC), it is critical to note that this institution doesn't have the authority to license or regulate forex trading activities.
In essence, WCG Markets Ltd 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. WCG Markets Ltd appears to be a scam.
WCG Markets Ltd claims to be a forex broker, allegedly registered with the Financial Services Authority of St. Vincent and The Grenadines (SVG FSA) under number 26087 BC 2020. However, our verification indicates that this registration has been canceled. While the broker purports to be registered with the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC), it is critical to note that this institution doesn't have the authority to license or regulate forex trading activities. In essence, WCG Markets Ltd 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. WCG Markets Ltd appears to be a scam.
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