Reported as a scam / unregulated
Why WCG Markets Ltd is on the register
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.
If you have money with this broker
- Stop sending funds. Do not pay any further “fees”, “taxes” or “verification” charges to release a withdrawal — this is a common secondary scam.
- Preserve evidence. Save transaction IDs, wallet addresses, chat logs, and every screenshot before the account is closed.
- Report it. Notify your bank/exchange and your national financial regulator so the activity is on record.
- Get guidance. Tell us what happened and we will point you toward the right next step. We are a free public registry — we never charge any fees.
SentFunds is an information and referral service. Listing reflects reported concerns and public findings; it is not a legal determination.