This Wolf Markets Services LTD review will analyze the broker’s operations, focusing on red flags and tips for recovering lost funds if scammed.
Wolf Markets Services LTD Broker Overview
- Website: https://www.wolf-markets.com/
- Website Availability: YES
- Headquarters Country: UK
- Owned By: Wolf Markets Services LTD
- Blacklisted by: Finansinspektionen (Sweden)
- Domain Age:
- Name:: WOLF-MARKETS.COM
- Registry Domain ID: 2849710560_DOMAIN_COM-VRSN
- Registered On: 2024-01-26T14:54:49Z
- Expires On: 2026-01-26T14:54:49Z
- Updated On: 2025-01-17T13:19:58Z
Wolf Markets Services LTD, available online at www.wolf-markets.com, describes itself as an online broker providing trading services. Its address is listed as 107 Leadenhall St, London EC3A 4AF, United Kingdom.
Potential Red Flags and User Complaints
Wolf Markets Services LTD raises several red flags. Users have reported manipulation of the trading platform involving sudden swap fees, account manipulation, and transactions without authorization. One user claimed that when the swap rate was $2 on Friday, just before he was subject to losses, it increased suddenly to $50. If true, this would show the broker engaged in market manipulation and unethical behavior.
Finansinspektionen Issued Wolf Markets Services LTD a Warning
The Swedish Financial Supervisory Authority, Finansinspektionen, issued a warning regarding Wolf Markets Services LTD. Their investigation could not find any evidence backing the claim of its legitimacy, and they established that it was not approved to undertake securities business or to offer financial services within Sweden. Investors are therefore advised by Finansinspektionen to avoid transacting with unauthorized establishments like Wolf Markets Services LTD.
Recently Registered Domain
Another problematic observation is from the company register. The registration of www.wolf-markets.com was done recently, on the 26th of January 2024. A recent registration date might indicate a lack of established history, hence resulting in questions about the firm-related credibility and its long-term intentions.
Avoid These Popular Online and Financial Scams
Scammers have various ways to get into the minds of people and take away money from them. Here’s the list of scams:
- WhatsApp Scams: Scammers pretend to be officials, friends, or investment consultants. Their task is to lead the victim to invest in fake schemes or attempt phishing.
- Telegram Scams: Scammers create bogus groups and pose as real businesses to promote fraudulent investments, fake giveaways, and Ponzi schemes.
- Ponzi Scams: Their promise is of high returns and low risk, which is paid by new investors to earlier ones until the scheme collapses.
- NFT Scams: Scammers create bogus NFT projects, artificially inflate the price of NFTs, or simply dupe buyers into purchasing worthless digital collectibles.
- Amazon Scams: Fake Amazon representatives trick users into leaking personal details via fake order confirmation emails, refund scams, or phishing websites.
Is Wolf Markets Services LTD Broker Legitimate?
Using the following aspects, we try to confirm the legitimacy of Wolf Markets Services LTD Broker:
- Regulation Status: Legitimate brokers are regulated by the SEC, FCA, or ASIC. The lack of regulatory information is a big red flag.
- User Reviews and Complaints: Complaints from dozens of investors regarding lost funds and withdrawal issues point to scamming.
- Transparency and Credibility: Lack of company data, hidden fees, and misleading terms are signs of fraud.
How to Get Funds Back from Wolf Markets Services LTD Broker?
If you got scammed by Wolf Markets Services LTD Broker, these steps might help you recover your funds:
- Report to Your Bank or Payment Provider: Refer to transactions made without your permission and file a chargeback request.
- Collect All Evidence: All communications, transaction receipts, and screenshots should be consolidated as proof of the scam.
- Complaint Registration with Financial Authorities: Report the scam to the regulator within your country.
- Consider Seeking Professional Help: Recovery experts can follow the money trail and launch a lawsuit against the fraudulent brokers.
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New fraudulent schemes targeting traders are something we are constantly keeping an eye on across the internet. Having gathered data on scam brokers for over ten years, we hardly can think of any other untrustworthy company in the market. Information about the scammers is provided below from our List of SCAM Brokers.
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