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wl company dmcc, Is this broker reliable or is it a scam?
Сергей Петров
Russia
2024-04-13
ANSWER WL Company DMCC provides financial services through the website wlcom.online. It seems to be functioning as a forex broker in Dubai without the necessary authorization, which raises red flags about potential fraudulent activities.The website of WL Company DMCC was only registered recently in March 2024, yet it purports to have won multiple awards since 2022. The alleged partnership between this company and other established brokers lacks any supporting evidence, casting doubt on the credibility of such claims.Furthermore, the absence of legal notices on its website impedes investors' ability to ascertain the company's authenticity and legitimacy. Despite claims of a Dubai office, there are no signs that it holds a financial license within the U.A.E. We have posted a detailed review on our platform for reference. We recommend reading it to gain a comprehensive understanding of the situation and the significant risks involved. You can access the review at the following link: https://www.brokersview.com/brokers/wl-company-dmcc.Given these circumstances, we strongly advise against engaging with WL Company DMCC. Without regulatory oversight, there are no guarantees of the broker's regulatory compliance. Investors could face substantial financial and personal losses due to its unlicensed status.
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