WGM Services LTD EU Regulated Israeli Scam Company

EZTRADER SCAM FRAUD
EZtrader Scam Fraud WGM Services Win global Markets Israel Scam Fraud

According to Eztrader they are located in Cyprus. And every customer knows that the mother company WGM Services LTD has a Cysec Licence (203/13) and is allowed to operate in the European Union.

What the customers don’t know is that the majority of the funds are being transferred to ISRAEL. Why would a healthy company do this?

Let’s dive deeper in this organisation called WGM Services LTD.

On the website of EZTrader.com we find a disclaimer because we certainly don’t want to promote EZTrader we decided to citate the part in the disclaimer that is important for us.

…EZTrader.com, owned and operated by WGM Services (Cyprus) Ltd. is an investment firm…

The address on their website is a address in south Cyprus.

11, Vizantiou Street, Office 401, 2064 Strovolos, Nicosia, Cyprus

However when searching for employees to sell you their services and to trick you with bonuses WGM is searching for Employees that are willing to work in Israel.

WGM-EZTrader-Jobs-Israel
WGM or Win Global Markets or EZTrader or EZTRD?

And where is Win Global Markets (EZTrader) located in Israel?

6 Yehezkel Koifman Street,
Tel-Aviv, 68012 Israel

or to be more precise:

6 KOIFMAN STREET
GAON HOUSE, 13TH FLOOR
TEL AVIV L3 68012
972-3-705-8012

 

Dark side of Win Global Markets – WGM Services – EZTrader

As we know Win Global Markets or WGM Services LTD or EZTrader also had other ‘brands’ that they used. Like EZinvest, OptionNavigator, GlobalOption and some more.

The binary options broker, EZTrader, which was launched in 2008, is the main brand of WGM Services Ltd. EZTrader, Inc. also owns and operates GlobalOption.com, EZInvest.com, as well as 888binary.com, a brand developed specifically for the Chinese market.

EZTrader Scam Broker mother company WGM Services runs other unregulated broker websites like 888binary[.]com.

However this list is bigger than you’d think. And if you have been a customer of EZTrader. One of these ‘brokers’ will certainly give you a (cold-)call and persuade you into trading with them. They will ask you what how you experienced trading with EZTrader? You start to tell, they did this. They did that. And then its his turn and he promises that they will do everything for you. You will make huge amounts of money etc. etc.

When someone contacts you out of the blue always question them about how they know all your personal details. Don’t accept ‘a partner’ as a answer?  Ask who that partner is. Most of these sales persons don’t want to tell who the partner is. But some of them are stupid enough to even give you the amount of money you deposited to EZTrader. Or ask you about your experiences with EZTrader without you had ever told them that you have or had a account with EZTrader/EZinvest or whatever brand they operate.

But the difference with EZTrader is that these people will guide you to a website of a ‘broker’ that is not regulated. And they will make you deposit everything you have. When they have the feeling that you are not going to deposit anything they will close your account and your only option according to them is pay xx% fine of the current balance and they will (not) wire your funds to your account. Normally you would think deduct this fine from the balance. But they will immediately tell you that the fine is not deductible from your balance.

They even received a fine because of the fact that they were endangering their interests clients. Did it make them stop with doing this? No they have a huge amount of domains that are being used to make more people fall into their recollection scheme. They make more money with that then with legal business.

Why would EZtrader or WGM Services hire sales personnel to work in Israel?

This is exactly why they hire sales personnel / account managers  to work in Israel. They need lots of people to make lots of victims. How are these scammers not traceable?  Most of the victims lack the knowledge to investigate these scammers. And are a shamed of filing complaints to the authorities. That’s how these criminals still can operate.

If enough people would file criminal charges Europol would already have these criminals behind bars.

How do they cover their tracks?

They open a (offshore) company in the UK with a nominal value of 1 GBP.  Through a company called offshore-formations.com or offshore-formations.co.uk or centrum-uk.com.  Just by filling this form in you can start your own scam business. Scam Business Application Form

Another company that is covering their tracks is Mossack Fonseca. And Miss Cutelyn Carty in particular has helped these criminals very much. Who is this person? Is Cutelyn Carty a real individual or just a fake person to cover their tracks? That’s again something the authorities could investigate.

With the help of AllCharge or AlgoCharge  or Seroph Apac criminals these fake binaryoptions brokers of EZTrader fool people into opening accounts with them and fund the accounts. Once they have received the funds withdrawing is impossible and the client  victim will be forced into depositing more and more money. The payment provider named above is also a Israeli payment provider which helps these criminals with money laundering.
These same tactics are being used by Regulated brokers as well but there you have the possibility to address these issues and file complaints. These criminals that operate the unregulated broker services try to do everything to cover their tracks. Fake WHOIS, fake NAMES, Fake PASSPORTS. They open domain names and use passports of clients who sent a copy of their passport for verification purposes to identify themselves to the hostingprovider where the domain names are registered. As we all know it’s identity theft. But no one cares. Because lot’s of victims don’t press charges and these criminals continue with their criminal activity.

Who are the criminal masterminds?

First of all we need to divide this company in two. The tip of the iceberg is what is legal. But as we know the part of a iceberg we can’t see is even bigger. It’s exactly the same in this scam organization. They have set up hundreds of offshore company to cover their tracks. But if you follow the money trail everything leads back to Israel. Not directly because they don’t want to waste money on taxes. They want to party with YOUR hard earned money. YOU GAVE it to them. And they will party with it without spending a dime on taxes. With the use of some known tax havens.

Are you a victim of EZTrader or their recollection scam via one or more unregulated brokers?

This is what you need to do:

 

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