CWG Markets Information

CWG Markets, a registered investment firm, is the trading name of the CWG Group of companies that provides various tradable instruments including forex, CFD stock, precious metals, energy, indices, and com. futures. The broker also provides four live accounts with a maximum leverage of 1:1000. The demo and Islamic accounts are also available. The minimum spread is from 0.0 pips and the minimum deposit is $10.

Pros and Cons

Is CWG Markets Legit?

Regulated Country	Regulated Authority	Regulated Entity	License Type	License Number	Current Status
	VFSC	CWG MARKETS LTD	Retail Forex License	41694	Offshore Regulated
	FCA	CWG Markets Ltd	Market Making(MM)	785129	Regulated

What Can I Trade on CWG Markets?

CWG Markets offers 500+ market instruments, including forex, CFD stock, precious metals, energy, indices, and com. futures.

Account Type

CWG Markets has four account types: Instant, Standard, Advanced, and Institutional. Traders who want low spreads and leverage can choose an institutional account, while those with a small budget can open an instant account. In addition, the demo account is predominantly used to familiarize traders with the trading platform and for educational purposes only. Copy trading is also available, a way for inexperienced traders or followers who dont have the time to do extensive research or want to diversify their portfolio to copy the trades of experienced traders (also known as money managers or copy trading gurus). Muslims are allowed to open Islamic accounts without swaps.

CWG Markets Fees

The spread starts from 0.0 pips, the commission is from $0 per side, and the swap is as low as 0. The lower the spread, the faster the liquidity.

Leverage

The maximum leverage is 1:1000 meaning that profits and losses are magnified 1000 times.

Trading Platform

CWG Markets provides a propriety trading platform, instead of the authoritative MT4/MT5 with mature analysis tools and EA intelligent systems.

Deposit and Withdrawal

The first deposit amount must be $10 or above. CWG Markets accepts Visa, Mastercard, UnionPay, Poli, PayPal, Skrill, Neteller, Bank Transfer, etc. for deposit and withdrawal and commissions are free. CWG Markets does not charge any fees for withdrawals and covers the payment provider's fees for your first five withdrawals each month. For additional withdrawals beyond this limit, a $5 fee is applied to each transaction. Deposit processing times are instant and withdrawal processing times are within 72 hours.

Deposit:

Withdrawal:

Bonus

A deposit bonus can be 100% when traders register and deposit funds. Up to $2,000 per account.

Note: At this time, we only have a cursory look at Turnkey Forex as the company's official website (https://turnkeyforex.com/ ) does not open properly.

Screenshot time: 02/03/2023

WikiFX provides dynamic scoring, it will track the broker's dynamic real-time scoring, the current time screenshot scores do not represent past and future scoring.

General information and regulations

Turnkey Forex is registered in the UK and appears to be a fraudulent broker without any credible regulation, with a history of no more than 5 years. Unfortunately, we could not find any more detailed information about this broker on the internet. Therefore, we recommend that you do not deal with such a low-information broker right off the bat and always consult WikiFX to get at least a basic understanding of a broker.

When choosing a forex broker, you should know that a regulatory license does not necessarily guarantee the reliability of a broker as it may be an expired or cloned regulatory license, but a broker without any regulatory license has a high probability of being unreliable.

Trading platforms

As for trading platforms, clients can choose between the market leaders MetaTrader4 and MetaTrader5, which can be accessed from many devices.

However, have you ever wondered or are you wondering which platform you should use？ Our team has the corresponding article for your reference. The article details the similarities and differences between the two and gives specific advice.

https://www.wikifx.com/es/wikishow/202207208464173722.html

Account types

Turnkey Forex provides two types of account, ECN and STP. Their mayor differences consist in spreads and commissions. The ECN account has a commission of 1 USD per lot but lower spreads, while the STP account requires no commissions buy a higher level of spreads.

Customer support

The support service provided by Turnkey Forex is not very extensive. It can only be accessed via email, address and a phone number. Since the company's website is not currently open, we do not know if it offers other services such as live chat, callback, FAQ, 24/7 or 24/5 service, etc.

Below are the details about the customer service.

Email: CONTACTUS@TURNKEYFOREX.COM

Phone Number: +44 2032876620

Address: 5th Floor, Ebene Views 66C2 Ebene Quatre Bornes, Mauritius

Users exposures

We have not received any reports of fraudulent activity at this time. However, this does not necessarily mean that this broker is safe and you should remain vigilant to prevent being scammed.

Frequent asked questions about Turnkey Forex

Is this broker well regulated？

No, it is currently not effectively regulated and you are advised to be aware of its potential risks.

How much leverage does this broker offer？

The maximum leverage of Turnkey Forex is 1:500. Please note that this leverage may only be available for some accounts and products. Please consult our articles or the dealer's website for specific information.