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WeOnMarket
On November 14, 2024, the Cyprus Securities and Exchange Commission (CySEC) added WeOnMarket to its warning list, stating it does not belong to an entity which has been granted an authorization for the provision of investment services and/or the performance of investment activities. https://www.cysec.gov.cy/CMSPages/GetFile.aspx?guid=1931729d-39c3-4cc5-92bd-3bbac4e90eeb
On November 14, 2024, the Cyprus Securities and Exchange Commission (CySEC) added WeOnMarket to its warning list, stating it does not belong to an entity which has been granted an authorization for the provision of investment services and/or the performance of investment activities. https://www.cysec.gov.cy/CMSPages/GetFile.aspx?guid=1931729d-39c3-4cc5-92bd-3bbac4e90eebThe website of WeOnMarket seems to be quite new, with its domain registered in Feb 2024. While it claims to be regulated in the UK, allegedly holding an FRN 834224, our research indicates that the FRN is associated with a genuine firm which has nothing to do with WeOnMarket. This is crook. As for its purportion of being licensed by the Cyprus Securities and Exchange Commission (CySEC), it has been denied by the financial authority in a warning having blacklisted WeOnMarket.
In essence, WeOnMarket 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.
WeOnMarket appears to be a scam.
The website of WeOnMarket seems to be quite new, with its domain registered in Feb 2024. While it claims to be regulated in the UK, allegedly holding an FRN 834224, our research indicates that the FRN is associated with a genuine firm which has nothing to do with WeOnMarket. This is crook. As for its purportion of being licensed by the Cyprus Securities and Exchange Commission (CySEC), it has been denied by the financial authority in a warning having blacklisted WeOnMarket.In essence, WeOnMarket 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.WeOnMarket appears to be a scam.
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