World Payment Markets: reviews with evidence, terms of cooperation

• Categories: CFD-Brokers

Multiple Cases of Fraud by World Payment Markets Company

Financial scam schemes are often linked to offshore locations, where it is difficult to trace and prosecute for manipulations with investment accounts. Let’s not forget about local fraudsters. One of them is World Payment Markets company, which we will review in this overview. The company representatives claim to have a Russian registration and a long-term work experience. However, their deceit becomes clear after analyzing feedback from actual clients of the company. Reviews started appearing relatively recently, and it would be interesting to examine what people using the services of World Payment Markets are writing about.

Investigation of Facts about World Payment Markets Company

The official website w-pm.org provides minimal information, which forces you to search for details bit by bit. In addition, the World Payment Markets company itself strives to present itself as a full-fledged trading platform offering earning opportunities through trading and passive investments.

The company is positioned in Russia, but it does not specify the actual office address. There are no contact phone numbers for operators either. The only way to communicate is through a feedback form. According to reviews, the company representatives respond to inquiries only if the client is still bringing in income.

It is assumed that World Payment Markets has been operating since 2004, but domain registration data on whois shows that the w-pm.org site was only launched on 28.04.2021.

An interesting fact is that reviews about the company started appearing a little earlier, and complaints about fraud were already mentioned. It turns out that w-pm.org had a “twin brother” – w-pm.com, which was launched by someone in advance. This site is currently not operational.

According to Russian legislation (law 460-FZ), every broker providing services in the country must:

• go through registration in the Unified State Register of Legal Entities,
• obtain membership in one of the profile self-regulatory organizations,
• become a licensee of the local Central Bank.

World Payment Markets rules remain on the sidelines. Clearly, the Central Bank of Russia has no information about the company named World Payment Markets: and this is against the backdrop that w-pm.org only has Russian localization. The company is primarily focused on traders and investors from the former CIS, as confirmed by numerous negative reviews on the internet. Losing your funds will not be easy, as the company has no office, and the project creators remain unidentified.

Proposals by World Payment Markets Company

According to claims, experienced psychologists work at World Payment Markets who individually process each client. To understand this, it is necessary to carefully study the company’s marketing. Specific details are not specified, however, it is known that the minimum investment amount is 21,000 rubles (premium service for investments from 1 million rubles). As for the package of services, the platform offers only brief information. To clarify details, it is necessary to write directly to the representatives, indicating your phone number and email address.

List of main services:

• storage for securities,
• participation in mutual funds for passive income,
• tools for stock trading – including broker services and trading on the Forex, CFD markets,
• structured products (approximate information on the official website is unclear).

Not specified are the payment systems that can be used, and there is no information about transaction terms. In addition, the platform lacks an internal document regulating the rights and obligations of the parties involved.

Reviews by Former Clients of World Payment Markets

The scammers from World Payment Markets have managed to deceive many people, as reflected in numerous negative reviews. Investors complain about hidden fees, manipulations, and theft. According to reviewers, the losses of some former clients amount to thousands of dollars. People vividly describe how they fell into the trap and lost their funds.

Deceptive Business Scheme of World Payment Markets

World Payment Markets is a team of fraudsters who prefer to first attract a potential victim, and then deceive them, causing the person to lose money. People become victims of fraud due to the desire to earn quickly and easily. Novices forget that even the basic rules of the game on the organization’s website are not defined.

World Payment Markets communicates with clients until they have funds. If a client runs out of money and stops replenishing the balance, scammers cease interaction. Such behavior is confirmed by reviews from former clients.

Summarizing Expert Analysis

The most prudent thing is to steer clear of World Payment Markets company. Official verification shows that the company is not geared towards honest relationships with investors. Its founders are experienced fraudsters who have already dealt with launching similar fraud projects. They target only newcomers who do not pay attention to the absence of a legal framework, contact information, vague offer terms, a regular website. Carelessness and gullibility can lead to serious problems. World Payment Markets is ready to squeeze your wallet until the last penny!