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ForexClub , CWG Markets Broker Comparison
Do you want to know which is the better broker between ForexClub and CWG Markets ?
In the table below, you can compare the features of ForexClub , CWG Markets side by side to determine the best fit for your needs.
- Rating
- Basic Information
- Trading Env.
- Account Info
- Related News
- Relevant Exposures
- Rating
- Basic Information
- Trading Env.
- Account Info
- Related News
- Relevant Exposures
2 / 3 forex brokers comparison in total
Rating
Score
Regulatory Status
WikiFX Guarantee
WikiFX Survey
Risk Evaluation
Exposure
Basic Information
Est. Date
Regulatory License
MT4
MT5
Crypto
Deposit/Withdrawal Methods
Trading Env.
Trading Environment Rating
Execution Speed
Trading Speed Rating
Average Execution Speed
Minimum Execution Latency
Minimum Open Latency
Minimum Close Latency
Maximum Execution Latency
Maximum Open Latency
Maximum Close Latency
Slippage
Slippage Rating
Average Slippage
Max Slippage
Maximum Positive Slippage
Maximum Negative Slippage
Trading Cost
Trading Cost Rating
- Average Trading Cost
- (EURUSD)
- Average Trading Cost
- (XAUUSD)
Swap
Swap Rating
- Average Trading Cost
- (EURUSD)
- Average Trading Cost
- (XAUUSD)
Disconnection Instances
Disconnection Rating
Avg. Disconnection Frequency (/day)
Avg. Reconnection Time
Account Info
Accounts
Account Name
Trading Instruments
Minimum Deposit
Maximum Leverage
Typical Spread
Stop-Out Level
Spread Types
Minimum Trade Size
Crypto
Lock Position
Scalping
EA Trading
4.89
Regulated
Under guarantee
15-20 years
NBRB
--
AA
AA
331.9
172
172
187
640
640
594
AA
--
--
--
AAA
--
16.54 USD/Lot
A
Long: -6.18
Short: 1.19
Long: -55.47
Short: 25.1
B
0.5
3.5
Standard ,ECN
Precious metals, commodities, stocks, indices, CFDs, etc.
100 USD
1:1000
from 1.6
30.00
--
0.01
--
7.39
Regulated
Under guarantee
5-10 years
FCA,FSCA,VFSC
Neteller,Skrill,Pay Retailers,ECOM,ASIA BANKS,Bank transfer,Help2Pay,kora,UnionPay,77Pay,5HPay,STICPAY
B
C
567.3
139
139
139
1994
1973
1994
B
EURUSD: 2.1
XAUUSD: -3.5
1
--
1
C
19.67 USD/Lot
25 USD/Lot
AA
Long: -5.7
Short: 1.71
Long: -54.78
Short: 16.67
AA
0.1
80.5
ECN,Standard,Cent,Islamic (Swap-Free)
--
$200
1:2000
0.0
50.00
--
--
--
ForexClub 、 CWG Markets BrokerRelated News
ForexClub 、 CWG Markets BrokerRelevant Exposures
Which broker is more reliable?
To evaluate a broker's reliability and trustworthiness, consider the following four factors:
1.Forex broker introduction。
2.Do forexclub and cwg-markets have lower transaction costs?
3.Which broker is safer?
4.Which broker offers the best trading platform?
Based on these four factors, we can compare which is reliable. We have broken down the reasons as follows:
Forex broker introduction
forexclub
| Forex ClubReview Summary | |
| Registered On | 2024-07-18 |
| Registered Country/Region | Saint Vincent and the Grenadines |
| Regulation | Regulated |
| Market Instruments | Forex, Indices, Precious Metals, Energies |
| Demo Account | ✅ |
| Leverage | Up to 1:1000 |
| Spread | From 0.0 pips |
| Trading Platform | MT4, MT5 |
| Min Deposit | $100 |
| Customer Support | cs@help.forexclub.org |
| Live Chat | |
Forex Club Information
Founded in 1997, Forex Club serves over 3 million users in more than 120 countries. It offers diversified trading in forex, precious metals, etc., with spreads as low as 0.1 points and leverage up to 1:1000. Supporting MT4/5 and copy trading, it currently provides a maximum cashback of $5 per lot for trading gold, crude oil, and other products.
Pros and Cons
| Pros | Cons |
| Regulated | No Islamic account |
| Multiple trading instruments | High leverage risk (1:1000) |
| MetaTrader 4/5 available | The campaigns restrictions (limited to specific instruments) |
| Copy Trading available | |
| $5 campaign cashback | |
| Zero commission (Standard Account) |
Is Forex Club Legit?
The National Bank of the Republic of Belarus regulates Forex Club with the license number 192580558, indicating relatively high security.
What Can I Trade on Forex Club?
| Tradable Instruments | Supported |
| Forex | ✔ |
| EnergiesCommodities | ✔ |
| Indices | ✔ |
| Precious Metals | ✔ |
| Shares | ❌ |
| ETFs | ❌ |
| Bonds | ❌ |
| Mutual Funds | ❌ |
Account Type
| Account Type | Standard | ECN |
| Supported Platforms: | MT4 | MT4 |
| Spread: | From1.6 pips | From 0.0 pips |
| Commissions: | No commissions | 6 |
| Account Currency: | US Dollar | US Dollar |
| Minimum Deposit: | 100 USD | 100 USD |
| Minimum Trade Size: | 0.01 lot | 0.01 lot |
| Liquidation Ratio: | 30% | 30% |
| Max leverage.: | 1:1000 | 1:1000 |
| Tradable Products: | Precious Metals, Commodities, Stocks, Indices, CFDs, etc. | Precious Metals, Commodities, Stocks, Indices, CFDs, etc. |
| EA Trading: | Support | Support |
Forex Club Fees
The standard account has zero commission and only charges a spread starting from 1.6 pips, while the ECN account has a spread as low as 0.0 pips but requires a $6 commission.
Leverage
| Product | Leverage |
| Forex/Indices | 1:1000 |
| Precious Metals | 1:500 |
| Energies | 1:400 |
Trading Platform
Forex Club provides the mainstream trading platforms MT4 and MT5, supporting multiple versions including Windows, iOS, Android, Mac, and WebTrader.
| Trading Platform | Supported | Available Devices | Suitable for |
| MT4 | ✔ | Windows, iOS, Andorid, Mac, WebTrader | Beginners |
| MT5 | ✔ | Windows, iOS, Andorid, Mac, WebTrader | Experienced Traders |
Deposit and Withdrawal
The minimum deposit for Forex Club is $100. More detailed information on deposits and withdrawals has not been disclosed.
Copy Trading
Traders can directly copy the trading strategies of “signal sources” in the community, which is suitable for users who lack trading experience or hope for passive investment.
Bonus
From May 1 to June 30, 2025, traders can get a maximum cashback of $5 per lot for trading products such as gold and crude oil. Both new and existing customers are eligible to participate.
cwg-markets
| CWG Markets Review Summary | |
| Founded | 2023-05-23 |
| Registered Country/Region | United Kingdom |
| Regulation | Offshore Regulated(VFSC)/Regulated(FCA) |
| Market Instruments | Forex/CFD stock/Precious metals/Energy/Indices/Com. Futures |
| Demo Account | ✅ |
| Leverage | Up to 1:1000 |
| Spread | From 0.0 pips |
| Trading Platform | CWG |
| Min Deposit | $10 |
| Customer Support | Email: service@cwgmarkets.com |
| Phone: +44 2037699268, +60 1800819380 | |
| Live chat | |
| Facebook/LinkedIn/Instagram | |
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
| Pros | Cons |
| Various tradable instruments | High max leverage |
| Offshore Regulated(VFSC)/Regulated(FCA) | MT4/MT5 unavailable |
| Spread from 0.0 pips | Some negative comments |
| Demo account available |
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.
| Tradable Instruments | Supported |
| Forex | ✔ |
| Energy | ✔ |
| CFD Stock | ✔ |
| Indices | ✔ |
| Precious Metals | ✔ |
| Com. Futures | ✔ |
| Shares | ❌ |
| Commodities | ❌ |
| Cryptocurrencies | ❌ |
| ETFs | ❌ |
| Bonds | ❌ |
| Mutual Funds | ❌ |
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.
| Account Type | Instant | Standard | Advanced | Institutional |
| Minimum Deposit | $10 | $50 | $200 | $30000 |
| Spreads | 2.2 pips | 1.5 pips | 0.0 pips | 0.0 pips |
| Maximum Leverage | 1:1000 | 1:500 | 1:500 | 1:100 |
| Commission | $0 Per Side | $0 Per Side | $3 Per Side | $1.5 Per Side |
| Stop Out Level | 50% | 50% | 50% | 50% |
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.
| Trading Platform | Supported |
| CWG | ✔ |
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:
| Payment Option | Currencies | Commission | Processing Time | Estimated Arrival Time |
| Skrill | USD/EUR | Free | Within 30 minutes | Instantly |
| Neteller | USD/EUR | Free | Within 30 minutes | Instantly |
| Sticpay | GBP/USD/EUR | Free | Within 30 minutes | Instantly |
| China UnionPay | CNY | Free | Within 30 minutes | Instantly |
| Bank Transfer | GBP/USD/EUR | Free | Within 72 hours | Instantly |
| Help2Pay | THB/VND/IDR | Free | Within an hour | Instantly |
| 5Pay | THB/VND/IDR | Free | Within 24 hours | Instantly |
| 5Pay | USDT-ERC20/USDT-TRC20 | Free | Within an hour | Instantly |
| 77pay | VND | Free | Within an hour | Instantly |
| Kora | NGN/ZAR/KES/GHS/USD | Free | Within an hour | Instantly |
| Pay Retailers | Support all South American countries | Free | Within an hour | Instantly |
| Asia Banks | IDR/VND/MYR | Free | Within an hour | Instantly |
| ECOM | VND | Free | Within an hour | Instantly |
Withdrawal:
| Payment Option | Currencies | Commission | Processing Time | Estimated Arrival Time |
| Skrill | USD/EUR | Free | Within an hour | Instantly |
| Neteller | USD/EUR | Free | Within an hour | Instantly |
| Sticpay | GBP/USD/EUR | Free | Within an hour | Instantly |
| China UnionPay | CNY | Free | Within an hour | 1-72 hours |
| Bank Transfer | GBP/USD/EUR | Free | Within an hour | 1-72 hours |
| Help2Pay | THB/VND/IDR | Free | Within an hour | 1-48 hours |
| 5Pay | THB/VND/IDR | Free | Within an hour | 1-24 hours |
| 5Pay | USDT-ERC20/USDT-TRC20 | Free | Within an hour | 1-48 hours |
| 77pay | VND | Free | Within an hour | 1-48 hours |
| Kora | NGN/ZAR/KES/GHS/USD | Free | Within an hour | 1-48 hours |
| Pay Retailers | Support all South American countries | Free | Within an hour | 1-48 hours |
| Asia Banks | IDR/VND/MYR | Free | Within an hour | 1-48 hours |
| ECOM | VND | Free | Within an hour | 1-48 hours |
Bonus
A deposit bonus can be 100% when traders register and deposit funds. Up to $2,000 per account.
Do forexclub and cwg-markets have lower transaction costs?
To compare transaction costs across different brokers, our experts analyze the transaction-specific fees (such as spreads) and non-trading fees (such as inactivity fees and payment costs).
To get a comprehensive understanding of how cheap or expensive forexclub and cwg-markets are, we first considered common fees for standard accounts. On forexclub, the average spread for the EUR/USD currency pair is from 1.6 pips, while on cwg-markets the spread is 0.0.
Which broker between forexclub, cwg-markets is safer?
To determine the safety of our top brokers, our experts will consider many factors. This includes which licenses the broker holds and the credibility of these licenses. We also consider the history of brokers, because long-term brokers are usually more reliable and trustworthy than new brokers.
forexclub is regulated by NBRB. cwg-markets is regulated by FCA,FSCA,VFSC.
Which broker between forexclub, cwg-markets provides better trading platform?
When our experts review brokers, they will open their own accounts and trade through the broker's trading platform. This enables them to comprehensively evaluate the quality, ease of use, and function of the platform.
forexclub provides the Standard ,ECN platform with products like Precious metals, commodities, stocks, indices, CFDs, etc.; cwg-markets offers the ECN,Standard,Cent,Islamic (Swap-Free) platform featuring assets including --.
