This is the official WorldMarkets review and update.
Did this company scam you? Are you facing difficulty withdrawing money out of this broker?
You can recover your money here with 100% success rate!It’s apparent that the scammers are pulling the same trick that Blue Trading used in their last days.
Today, Worldmarkets.com sent out mass emails to their victims.
The email read like this:
Update on SwiftXchange Solvency
Dear Client,
As communicated previously, we continue to face liquidity issues impacting the trading, deposit credits, and withdrawals for accounts created under one year ago.
SwiftXChange.com has now formally gone into liquidation and is no longer processing any withdrawals. We were able to successfully process several withdrawals during this process previously but are currently facing a crossroads where very limited options remain for these accounts. We will update clients should this situation change in the immediate future.
Accounts created at other brokers/exchanges or through Meta Trader 4 or 5 are not impacted.
All self-trading, bullion sales, and other services remain unimpaired.
Regards,
Gurjeet Singh (MR.)
SwiftXChange.com closing at this time?
SwiftXchange.com was an illegal, unlicensed and anonymous Crypto exchange that worked in tandem with WorldMarkets.com to launder investor funds.
It is not clear whether SwiftXchange.com was owned by the same people who run WorldMarkets.
However, it could be very possible that these scammers have several websites, and this is just one asset they will do away with to convince victims as they plan a runner.
That said, WorldMarkets.com is not processing any payouts now, citing reasons to do with liquidity issues through their affiliate, SwiftXchange.com.
Here, SwiftXchange is being used as a scapegoat because even from day one, WorldMarkets.com did not produce evidence of how ROI was being generated for its investors.
Are you facing withdrawal issues with this broker?
Here's what you can do to recover your funds now.Truth is that WorldMarkets is a ponzi scheme.
As always, the math does not favor investors, only the anonymous owners have an upper hand.
How WorldMarkets.com was able to pay “profits” in the beginning
A ponzi scheme like World Markets relied on new investor deposits to pay out ROIs.
Throughout their existence in 2020, there was no trading at all.
So they were bound to “suffered liquidity issues” anyway because money does not generate itself from the thin air.
The liquidity issues in this case means investor numbers are dwindling, and whatever remaining balance is not able to pay ‘investors’ anymore.
Therefore, what investors will wake up to soon is a blank Worldmarkets.com website.
But if they have some courtesy, they’ll probably put up a notice like they did with BlueTrading before letting the domain expire.
More tricks in the wake of red flags
A couple of months ago, the scam switched their Trustpilot name to WaMeng China Ltd) before going back to the original name.
This website has finally let the cat out of the bag by proving that they were not trading all this time. There’s 100% certainty that this was a ponzi scheme as opposed to a genuine Crypto fund manager.
Note the Following:
Many brokers and so-called investment firms are not honest. If they're illegally holding onto your money, you can easily recover it here.If you want a genuine Crypto fund manager, apply here.
The company is doing business from this domain worldmarkets.com, which is also the subject of this review.
The company started by heavily promoting their World Markets brand across the internet In November 2019.
A quick background search for the domain Worldmarkets.com reveals that the domain was indeed registered in 2003 before it was sold to the current owner who actually turned it into a Crypto ponzi scheme business.
They have since slowed down their promotion efforts, which suggests that they could be doing a runner by January 2021 or thereabout.
World Markets is actually working in tandem with hycm.com broker through a “copy-trading software”.
There is no copy trading or evidence of it on the entire World Markets (WM) website.
It appears that this broker also owned HYOptions.com domain. Unfortunately this website is now defunct. This is a red flag!
World Markets is allegedly offering AI managed trading accounts in addition to selling physical Gold bars.
The Gold bars sold by WorldMarkets are held by an imaginary licensed institution.
However, the scumbags insist they don’t do business with unlicensed Gold vaults.
To make matters worse, WM has since stopped processing withdrawal requests or responding to emails from their clients.
The scam has developed immunity to the public as they continue to operate in defiance, despite warnings from financial regulators such as the FCA.
………… ignore the next part of this review as we wrote it when the company was actually producing verifiable returns for its investors.……….
This means that your Gold is legally being sold to you and the entire process of selling is safe and efficient.
The gold bars in question can be liquidated instantly to fiat currency or Cryptocurrency if the customer chooses this route.
World Markets has also gained recognition over the years as this is obviously seen from the multiple awards they’ve won in the past.
According to who.is, the domain where World Markets is operating business from was created in November 2003.
Either the company has been operating for decades as purported by the date of domain creation or the people running this operation simply purchased this domain to run their website from.
This is not a bad thing as everyone in the internet business space has a right to decide whether they want to launch their business from a brand new domain or one that has been established.
The authenticity of these awards can actually be verified simply World Markets and its website is actually linking to sources that publish multiple awards for the companies that won them.
Although World Markets does not introduce the faces behind their investment operation, it appears that real people with real investment experience are running this project.
We’ve actually interviewed someone from the company because we had concerns at first regarding their service.
We wanted reassurance that if we invested with World Markets, we would realize the kind of returns which are being advertised on the platform.
We even thought that this company was using stock photos. See the picture below.
We realized that we had misrepresented facts in our World Markets review and every time this happens, we make sure that the error is corrected.
For the sake of your reference, we’ve decided to leave the photo below as is because the people in it are real.
World Markets is offering financial services to investors and the question of whether or not a license is needed would arise.
Well, us of today, managed account providers and precious metal dealers don’t require a financial regulator’s license.
A license would only be needed if World Markets was operating a Forex brokerage.
World Markets review
They’ve partnered with prestigious financial companies.
World Markets seems to have established a relationship with the companies whose logos can be seen below.
As for their partnership with TradingView, we can say they are more than subscribers of their services. This is a good sign, and one that brings confidence in investors who would like to buy Gold or invest in WorldMarkets’ services.
Every broker out there can use TradingView charts to facilitate their operations.
Now, WorldMarkets’ Gold and Silver Bullion business is quite interesting since it’s rare for a managed account provider to sell precious metals as well.
They want investors to know that their suppliers ship precious metals globally and are fully licensed and regulated.
Information about those suppliers has not been disclosed on the World Markets website.
However, they’re linking out to various websites of Gold, Silver and other precious metals dealers.
World Markets review: what about AI managed accounts?
They want traders to know that their website is offering investors a chance to gain returns by way of utilizing advanced artificial intelligence.
WorldMarkets also claims that their trading desk provides highly profitable trades by scanning thousands of opportunities within seconds.
Their pro traders are allegedly averaging 20% returns a month.
Throughout the bear markets, while many investors were panic-selling, our AI Trading System was achieving returns far-superior to alternative as well as traditional assets.
As of December 2019, we have achieved consistent strong returns regardless of bull or bear market.
The precious metals dealer and digital trading services provider is actually offering realistic monthly returns.
20% a month is reasonable because the website doesn’t sell a get rich quick style of investing.
Even though lot of logos for third party auditing firms and statement sharing services like myfxbook, FXStat, Barclay hedge etc have been used, we believe this service is quite different from regular scams like Forex92 and lady f trader.
Why World Markets is not a scam
- They’re genuinely helping investors buy Gold, Silver and Platinum at the best prices.
- The company behind World Markets is made up of experienced financial experts (we’ve actually talked to a few)
- They’ve partnered with a reputable broker called HYCM. Check reviews of HYCM broker here.
- Haters claimed that WorldMarkets is associated with Managed Forex Ltd. Reputation of this company continues to be negative but there’s no evidence that World Markets is associated with the above entity.
After all has been said and done, one has to decide whether or not they’ll invest with this operation.
For us, we feel it’s perfectly ok for investors to buy Gold, silver or whatever precious metals they want.
Investing in their AI-managed account could also be a good thing to do.
Conclusion
As we conclude this World Markets review, we should remember that the endorsement are real and the company has professionally-looking and attractive website which speaks words about their level of service.
Whatever you do, make sure that World Markets is your preferred investment destination this year. By the way, managed accounts start at $3000 and you can sign up here.
Any other experiences with World Markets to share?
On WM website, they show return history starting from 2017. However, I didn’t see any review dated earlier that December 2019., most of reviews dated 2020.
This site is a scam. They don’t process withdrawals anymore. https://www.fca.org.uk/news/warnings/world-markets
They also changed their trustpilot profile to “WaMeng Ltd” to confuse people.
I wanted to “invest” with them but so many warnings, so I got discouraged. Avoid this fraud.
They target the financially literate with their unverifiable 20% monthly returns. I hear that world markets is no longer processing victims withdrawal requests. It seems they are about to close down. Very sad considering the number of people who fell for their trick.
They pretend that they are copy trading but in reality it is just a ponzi scheme. They refused to give back my money. I don’t know where I can report them but I hope the numerous complaints will somehow attract the attention of authorities.
This site is a clear scam. The returns are completely implausible. Please don’t invest money as you’ll likely never see it again.
Just because you see a fancy screen that appears to be making successful trades doesn’t mean you’ll ever be able to withdraw any of this money.
I can almost guarantee as soon as you want to make a big withdrawal, you’ll start getting the classic excuses “oh, but if you don’t leave the money invested you’re missing out on huge growth”, or the never ending “send us your photo ID so we can verify your identity”. “No that’s not acceptable, send us something else”. “Now we need document X, Y, Z”. “it’s not our fault we have to ask for all this by law”.
Worldmarkets is a scam, their website has not been around longer than Nov. 2019. Which makes all their claims of being around since 2003 void. They have removed themselves from Archive.org so it was not easy to find this information. They have also not been processing withdraws since Mid September and I have been waiting personally for 6 weeks. They give everyone the same excuse that it’s a 3rd party problem with Swiftxchange, but that company does not exist. They only have a website that says coming soon for months now. Many of their banks have been shutdown but because of the crypto surge they have been getting lots of bitcoin still.
Worldmarkets is very much as a scam as they don’t even need to give anything back and have shown themselves to be very dishonest through all of this. It would help if website’s such as yours stop promoting this Ponzi.
Their trades do not even line up as BTC went from 11.5k down to 9.8k which it never should have gone that far on their system. And now its at 16k and still going while they jump other 1 day trades even BTC into the “profits” Also none of the months profits are even close to what they post on the website. Some months you get way higher others about half of what they post. The Worldmarkets mirrors Blue Trade scam and will likely exit in Jan.
Invest if you don’t care about money.
Lama, kindly note that this review was written almost 1 year ago. Back then they used to pay investors but lately it turns out that this is a ponzi scheme. I know they will exit in January and probably put up a fake statement on their website saying how trades went bad and investors only have x amount of days to withdraw whatever is remaining. We will update this review anways
They are a scam, havn’t been processing any withdraws since Oct and only some people in Sept. They keep blaming a company called Swiftxchange but no proof is even given that its a real company.
Even the fact checkers can get scammed, and am glad they can admit it and post a retraction, better than our news media, you will never get an apology or retraction from them, they are scamming the entire country!!