WeOnMarket.com: A broker with false information and stolen sections tries to steel your money
Before we delve deeper into our investigation, WeOnMarket impressed us with its interesting performance and the listed awards. Moreover, it has detailed information about all licenses but let us reveal a little spoiler: they are all fake. To be honest even this factor is enough to claim WeOnMarket a scam and finish our investigation. But we want to collect all important evidence of their deception.
- Broker name: WeOnMarket, we on market, weon market
- Address: No details
- Website: https://weonmarket.com/
- Regulation: Not regulated by any legitimate company
- Customer support: support24@weonmarket.com
- Language: English
- Phone number: No details
First red flag: fake licences of reputable organizations
WeOnMarket positions itself as a legal platform with valid licenses that give them the right to operate throughout the world. This information is fixed in the footer of the site, but what is most interesting is that only the license number is provided without the certificate itself. However, it is not a problem for us to check whether they are real.
The first mentioned regulator is Cyprus Securities and Exchange Commission (CYSEC) with the licence number 099/09. Indeed, such license issued by this organization exist but it expired in 2014 and belonged to another company. The proof is available below.
Another fake licence is Financial Conduct Authority (FCA). We checked provided number and it belongs to another company – Delfinus.
The conclusion is obvious: WeOnMarket added registration data to look more reputable and more reliable in the eyes of potential clients in the hope that most people will not check their authenticity. And unfortunately, this is true; for many beginners, just one line is enough to trust the broker and start working with it.
Second red flag: fake awards on the main page
WeOnMarket claimed 5 awards received in 2020 but are they real? Of course, no. We found out that the chosen theme of the website had such a section and they just left this line untouchable. However, you must agree that if this were true, then such recognition by world communities would be captivating since this is evidence of high-quality services relevant to the needs of a modern trader.
This is exactly what the scam broker focuses on when adding fake information about rewards, but believing such information without checking means exposing yourself to an unreasonable risk. By the way, another indisputable fact is that the company’s domain was registered in 2024 according to who.is, and the awards were in 2020. This doesn’t make sense, does it?
Third red flag: stolen terms and conditions
The text of the Terms and Conditions of each financial and investing company should match the requirements of international law and specific regulations on this matter that have obligatory action in for countries where its activity is placed.
So, it was surprising for us when we found out the stolen terms and conditions from another site as it indicated several illegal scenarios.
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WeOnMarket not only tries to steal the money of traders but also violates the intellectual property of another trading subject.
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WeOnMarket and another site have one scam owner, and that is the reason why they have so many similarities.
Similarities with 360ultra
If you open weonmarket.com and 360ultra.com and go to the section Terms and Conditions, you will be shocked because they have almost identical texts.
Above, we demonstrated those small parts of differences and as you can see by yourself there are not so many. It means that such theft was done intentionally because the chance that an ordinary client will notice such similarities is less than 1%.
Danger of sites with identical data
The main danger is that this indicates a pipeline of fake brokerage companies that don’t even bother to make their scams more diverse. But on the other hand, this is good, because it makes it easier for us to identify criminals and protect users from risky adventures related to investing.
Fourth red flag: limited contact list
Brokerage companies like WeOnMarket usually have a multi-level communication system, which has more than one contact channel. Of course, no company will provide a phone number or email for every manager, but providing only one general email may be a red flag to heed.
This indicates that the company may be hiding, and judging by the missing information about who they are, it is the right assumption. Moreover, nowadays mail is not the most convenient tool for communication, and advanced companies at least offer a telephone or even a live chat.
Fifth red flag: lack of team information
Considering as a whole, the site is well-composed and at first glance there is enough legal information about services, but it becomes unclear where these guys are from, what their values, goals are, etc. When choosing a broker, traders often look for a partner, who can become a kind of mediator between successful transactions and future profits Therefore, the lack of information that would not raise doubts (fake license numbers or awards) is truly a serious drawback.
Final conclusion on the WeOnMarket.com scam
WeOnMarket causes too many controversies that make any possible collaboration too risky. Moreover, this is a 100% guarantee of falling into the network of scammers who can steal both your funds and personal data. Therefore, we strongly recommend that you beware of such brokers, so as not to add to the sad statistics of those deceived.
Have you encountered WeOnMarket before or noticed similarities with another brokerage company? Be sure to leave your valuable comment to equip others with information that may be helpful.
What a horror, I used to avoid brokers who did not indicate their license, but I did not know that these scammers could also indicate a fake one… I have not encountered this broker, but I learned something new for myself that is worth checking in general before cooperation.
Im in shock that their awards are fake, i apply for their services and they waiting my first deposit, now any contacts with them..
They send me fake tokens… I lost control on my e-wallet and I think they also use my personal information because I send them my id. Scammers go **** ********!!!!!
I attempted to withdraw my funds, only to encounter endless delays and excuses from their customer service team. It seems nearly impossible to get a straight answer from anyone at WeOnMarket, which has led me to believe that they might be operating a scam.
They return my deposit but after a month of fighting with police and lawyers!!