WORLDWIDE MARKETS Ltd.

Worldwide Markets

{ Victim/investors are urged to contact this forum IMMEDIATELY -have their claim evaluated to join the group recovery effort}

 

Warning Has Been Issued Regarding

WORLDWIDE MARKETS LTD.

    

Worldwide Markets Ltd.-claims to be located at the following address in the BVI:

 

Trident Chambers, Number 146, Road Town Tortola, British Virgin Islands

 

The address they list is simply an offshore “Company Registrars” office and ‘WORLDWIDE’ appears to have NO physical presence in the BVI and all officers of the company appear to be based in the United States.

 

FPA “Traders Court” warns caution dealing with this company.

 

 

WWM is alleged to be a HIGHLY sophisticated multi-jurisdictional financial scheme-a typical lawsuit is not likely to recover your investment.

 

Investors were directed to wire their funds to open a new account or deposit additional capital to bank accounts in the United Kingdom and the East African island nation of Mauritius.

 

Victim compliant #16

“After depositing Hundreds of Thousands into a trading account with WorldWide Markets, in July 2017 Worldwide Markets stopped honoring my requests to withdraw cash.  They stopped communicating, stopped answering telephone calls, and stopped responding to my emails. They effectively disappeared off the radar. 

There was a complete black out of communication by Worldwide and then in January 2018 I could no longer access my account at its usual address.  I have sent emails to the back office, Arthur Dembro, Edward Liva, Justin Liva, and 6 other listed email addresses for Worldwide about the situation and requesting that my account be liquidated and closed. I also requested that all cash be withdrawn and returned to me.  There was no answer or response”

{Many reports of similar experiences have been reported by other investor victims some are included at the base of this report}

 

Worldwide Markets state on their website that they provide online trading in spot Forex and commodities both retail and institutional – and US Stock and Options.  Hedge Funds and other Managed Account investments are also offered to qualified customers.

Established by the founders of FX Solutions, WorldWideMarkets is the trading name of WorldWideMarkets Ltd., is licensed with and regulated by the British Virgin Islands Financial Services Commission, and its UK subsidiary WorldWideMarkets Online Trading Ltd., which is FCA-regulated.

The broker provides retail traders with the opportunity to trade forex, gold, oil, global stock market indices and other CFD instruments, as well as US stocks and options. It also provides institutional level trading via Currenex and a range of Managed account products for qualified customers.

Worldwide Markets Ltd states it established regulatory hubs in Europe and the Americas. In the UK they are authorized by UK Financial Conduct Authority (Registration # 604779).  In Europe – the Markets Financial Instruments Directive (MIFID) – a European Union law that regulates investment services. They are also registered and licensed by the British Virgin Islands Financial Services Commission (BVI FSC): License # SIBA/L/11/0960 (Licensed in BVI 23 November 2017).

 

Company Officers-related to WWM and associated entities:

Arthur Dembro

 

 

 

 

Arthur J. Dembro – Chief Financial Officer

 

 

 

 

 

Thomas F. Plaut  – Chairman & CEO;

 

Justin Liva

 

 

 

 

Justin T. Liva – Chief Operating Officer

 

William O'leary

 

 

 

 

William G. O’Leary – Chief Revenue Officer

 

Ronald Andriulli

 

 

 

 

Ronald J. Andriulli – Chief Technology Officer 

 

Edward Liva

 

 

 

 

Edward L. Liva – Chief Legal Officer

 

Joseph Trevisana

 

 

 

 

Joseph Trevisana – Chief Marketing; Strategist 

 

Steven F. Santamouris

 

 

 

 

Steven F. Santamouris – Chief Development Officer

 

Bassam Maalouf

 

 

 

 

Bassam  Maalouf – Managing Director – Middle East

 

James St. Clair

 

 

 

James St. Clair-Director View Trade Securities LLC

 

 

 

Investigators indicate Worldwide Markets Ltd. and/or its Officers to be connected to the following related companies:

 

TAB Networks, Inc.Florida-USA [Inactive]

ARTHUR DEMBRO-Director

THOMAS F. PLAUT-Director

 

TAB Networks, Inc.Delaware & New Jersey-USA [Office-Woodcliff Lake, New Jersey]

ARTHUR DEMBRO-Director

JUSTIN LIVA-Vice President

THOMAS F. PLAUT-CEO

EDWARD LIVA-Compliance Officer

MOHAMMAD SULEMAN SIDIKI-Forex Trading Officer

 

Worldwide Markets Online Trading Limited-UK

EDWARD LIVA-Director

ARTHUR DEMBRO-Director

THOMAS F. PLAUT-Director

 

Greenwood Financial Advisory Services-Massachusetts-USA

ARTHUR DEMBRO-Director

 

View Trade Securities LLC-Delaware/Florida/New York-USA {Office Morristown, New Jersey}

JAMES ST. CLAIR {Sinclair}-Director

 

GAIN Capital Holdings-UK

THOMAS F. PLAUT-Director

 

 

ADDITIONAL COMPLAINTS:

I made an attempt to withdraw my deposit since April and Still have not received the Funds and its now August. They claim they are having bank issues and once clear they will make the transfer. Is this a red flag right away? Please beware of this broker, I warned you. In the meantime i will update you if i ever get my wire. In the process of creating a class action lawsuit with other clients that are experiencing the same.”

 

 Beware.. Beware.. Beware of WorldWideMarkets, “the biggest scamming broker in the world”!

“Last Week, WWM had stolen all my profits and closed my account for paltry and unjustified reasons, after I made some serious profits using my technique, which shook their credibility and got sweat trickling down their cheeks. I’m now in a very bad condition, which caused me serious depression problems. This indicate that it is not a credible company with credible sources as they pretend to be “they pretend to be dealing with the largest banks and be a real broker between the clients and the real market”.   Beware.. Beware.. Beware of these cyber mercenaries, and if you read these words and have not change your mind about them, at some point, you will regret dearly!”  http://www.forexpeacearmy.com/forex-reviews/9665/www.worldwidemarkets.com

 

“First, I would like to apologize about my English, not my native language. I have been the victim of a scam by WorldWide Markets. I trade from Spain, I do not work on any broker , I’m not WorldWide Markets competition, I say it sometimes seems that the good reviews come from friends of the broker and the bad reviews of competition. In my case I am an individual who also have been scammed by WorldWide Markets, they were left with nearly $5,000 of my earnings, they closed my account for no reason and it took a few months to return the money they originally got. WorldWide Markets broker is a scammer; in fact, I had never cheated in this way. For all this I appeal to any who read these lines and is looking for a broker to work . Do not open an account with WorldWideMarkets, if you win some money will be exactly like Monopoly money …. Nothing .If someone wants to widen further information, I have no problem doing . I hope , at least I can help someone hesitant to fall into the hands of these unpreventable.”    Alberto

https://www.myfxbook.com/reviews/brokers/worldwidemarkets/192381

 

“When an investor opens a Worldwide Markets Ltd account he/she will see modest gains in the first few months.  These are shown to the investor through “Screen Shots”.  The investor would then usually request a withdrawal, sometimes the withdrawal was authorized, mostly the investor was told, “there are open positions which you cannot see” therefore, the withdrawal was not authorized.   Over time, the investment would grow on the screen; however, withdrawal requests were not authorized.  Worldwide Markets Ltd account executives used a varied array of excuses to delay or deny withdrawals.  Eventually, the account would be wiped out and the monies gone. Like a “Ponzi Scheme” money was only paid out when new investors came in.”

 

JOIN the VICTIM RECOVERY GROUP and let Justice be served.

A North American based recovery effort is being facilitated by a ‘Global’ consortium of experts in “Financial Crimes” .  If you would like your claim to be included please contact this forum ASAP.  

[email protected] or call (US) 240-232-2001

 

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