What rating does WestMark deserve: website review, reviews

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Manipulation of Scammers: WestMark.cc Assisting Novices

In the world of shadow brokers adept at conducting criminal deals under the guise of reputable companies, the fraudulent WestMark.cc has found its own niche. The distinguishing feature of this pseudo-broker is absolute transparency, not pretending to be a serious structure, focusing on underprepared novices who can be deceived with virtuoso promises of quick profits.

Main Aspects of the WestMark Company

There is no information about the history of formation or development strategy on the Westmark.cc webpage. The essence of the company is captured in just two brief paragraphs. According to the official version, the firm began its operations in 2010, focusing on cryptocurrency trading and operations on the Forex market (currency pairs, indices, stocks). However, after 11 long years with no reviews about the company, questions arise. A search operation quickly yielded results.

Upon checking the registration date of the domain address, it was discovered that the westmark.cc site only started functioning at the end of August 2020. Not coincidentally, this was when the first comments about this fraudulent project appeared. While information about “Westmark” is currently scarce in the Russian Internet segment, there is plenty of feedback about this company on English-language forums.

The scammers claim to have a dense network of offices in all corners of the globe, including London, Singapore, and Zurich. However, WestMark does not provide clear addresses. Only a British phone number is provided.

Even if we assume that WestMark is indeed active in the United Kingdom and has an office there, where are the important documents? According to the Companies House registry, the public database of companies in the UK, WestMark is not registered in this country and does not have the right to engage in commercial activities:

Naturally, such a dubious business plan did not receive approval from the UK’s FCA, one of the strictest regulators in global practice:

In terms of cooperation with Russian traders, for “Westmark” to operate they have to register in the Russian Federation, join one of the local self-regulatory organizations, and obtain approval from the Central Bank. Obviously, scammers will not even touch such formalities. They target novices who will not thoroughly study official documents and willingly fall for empty promises.

Variety of Operations Conditions in WestMark

Regarding the specific trading conditions of the WestMark company, details are scarce. Prospective clients are promised access to thousands of assets, high leverage, tight spreads, and no hidden fees. The WestMark WebTrade trading platform is offered for conducting trades. According to formal information, it represents an advanced version of MT4, but according to traders, the reality is different. Dealers insist on using manipulated software, designed to siphon off deposits from unwitting users.

Let’s look at the types of trading accounts offered:

• Standard. Minimum investment – $250. Known conditions: account management without commissions, 24/5 technical support. The question arises: where are the contract specifications, spreads level, leverage, and other indicators that interest traders?
• Super. To open such an account, $5,000 is required. Unlike the previous type, there are educational resources.
• Ultra. Starting amount – from $10,000. Account conditions do not differ from the preceding account type.

With such conditions, achieving success is impossible, as confirmed by reviews from active traders. Moreover, it is highly likely to lose everything down to the last dollar. Proving that you became a victim of betrayal is impossible. In the User Agreement, the “Westmark” company insures itself against losses and disclaims responsibility for potential losses.

User Opinions about WestMark

The internet is full of negative reviews about WestMark, but they are criticized mostly in English. The sticky fingers of the swindlers have not yet reached Russian traders. However, this is only a matter of time. We suggest reviewing opinions to avoid becoming another victim of the Westmark scammers:

Do not trust them with your finances and do not believe their promises; they are capable of convincing and deceiving you completely. Once you transfer money to them, you can say goodbye to it. Scoundrels

How do I get my investments back, or are they gone forever?

Westmark CC – a gang of thieves. They will call you and claim you can earn millions. Do not listen to them; they just want to take your money and run.

Westmark.cc = scammers. I warn you that they have experience in manipulating public opinion. They will urge you to invest more money and will not allow you to withdraw anything. Be on the lookout.

Details of the WestMark Fraud Scheme

One participant in trading shared details of the deception scheme in one of his essay-like accounts:

I can confirm that this legal entity – scammers and thieves!!!!

A month later, as I started to grasp trading, this company called me. Initially, it was someone named Maxwell; he explained how the company works, offering trading education and money-making opportunities.

He helped set up an account and deposit funds. I transferred $300, and the manager took control of my computer through the Anydesk application. Everything went smoothly! After that, he stated that a consultant would contact me to assist with trading techniques and provide recommendations.

The consultant called me almost every 2 days, persuading me to invest more money: $10,000 or $5,000. Strangely, my personal details were never requested for investing. Of course, I refused. During the process, the manager earned $1,300, and I was satisfied. From $300, I reached $2,000 in two weeks.

The consultant shared his WhatsApp contact, stating his trust in me. Two weeks ago, he called and shared news. He mentioned a profitable bitcoin deal where one could earn 36%. The manager asked for a $10,000 investment, then another $5,000. I refused, but he insisted and eventually managed to lure $1,000 from me. He created an account in the Binance app, transferring money from my bank account to the exchange account (1000 euros in cryptocurrency), and another transfer, which happened so quickly that I didn’t understand anything. He mentioned that he’d call back within 5 minutes to transfer to my bank account. Two weeks have passed, and I am still waiting. I messaged him 70 times on WhatsApp, but received no response!!! Losses amounted to €1000 + $300 in 14 days. I am ashamed that I believed him.

Advice: do not engage with WebTrader WestMarkt.cc.

Also of Interest:

• How to earn online?
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Review Conclusions

We strongly advise keeping away from WestMark. This is a company of scammers, concealing their real location and operating without legal grounds. Judging by user opinions, fraudsters use software manipulation techniques and encourage users to install a remote access application on their PCs (to leak confidential data).