FXTM	Basic Infromation
Registered Country/Region	United Kingdom
Founded in	2011
Headquarters	Cyprus, UK, Belize
Regulated By	FCA, CySEC, FSCA (Out of Scope Business)
Minimum Deposit	$10
Leverage	Up to 1:2000
Account Types	Micro, Advantage, and Advantage Plus
Demo Account	Yes
Trading Instruments	Forex, Commodities, Indices, Shares, Cryptocurrencies
Trading Platforms	MetaTrader 4, MetaTrader 5, FXTM Trader
Mobile Trading	Yes
Islamic Account	Yes
Payment Methods	Credit/Debit Cards, Bank Wire, E-wallets
Minimum Spread on EUR/USD	From 0.1 pips
Customer Support	24/5 Live Chat, Email, Phone
Educational Resources	Yes
Negative Balance Protection	Yes

Overview of FXTM

FXTM, or Forex Time, is a global forex and CFD broker founded in 2011. The company is headquartered in Cyprus and is regulated by the Financial Conduct Authority (FCA) in the UK, the Cyprus Securities and Exchange Commission (CySEC), and other regulatory bodies in various countries. FXTM offers a variety of trading instruments, including forex, commodities, indices, shares, and cryptocurrencies.

FXTM is its extensive range of account types, which cater to traders of all experience levels and preferences. The broker offers five different account types, including the Micro, Advantage, and Advantage Plus accounts, as well as demo accounts and Islamic accounts. Each account type comes with its own unique features, including different leverage options, spreads, and minimum deposit requirements. In terms of trading fees, FXTM offers variable spreads on most of its instruments, with spreads starting from as low as 0.1 pips.

FXTM also offers a range of trading platforms, including the popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms. These platforms are available in desktop, web, and mobile versions, allowing traders to trade on the go and from anywhere in the world.

Lastly, FXTM provides customer support in multiple languages, which is available 24/5 via live chat, email, and phone. The broker also offers a range of educational resources, including webinars, seminars, and trading guides.

Is FXTM Legit？

FXTM is currently regulated by two reputable regulatory bodies, the Financial Conduct Authority (FCA) in the UK and the Cyprus Securities and Exchange Commission (CySEC) in Cyprus. These regulatory bodies ensure that the broker operates within strict guidelines and rules.

Forextime Ltd (Its CYSEC entity), is authorized and regulated by the Cyprus Securities and Exchange Commission (CYSEC) under regulatory license number 185/12.

Exinity UK Ltd, its UK entity, is authorized and regulated by the Financial Conduct Authority (FCA) under regulatory license number 777911.

FOREXTIME LTD is authorized by the Financial Conduct Authority (FSCA), holding a license of Financial Service Authority under license no. 46614.

Pros and Cons of FXTM

FXTM is a well-known broker that offers a range of trading services to its clients, including forex, commodities, and CFDs. While there are many benefits to trading with FXTM, there are also some drawbacks to consider. In this table, we'll take a closer look at the pros and cons of trading with FXTM, so you can make the right choice about whether this broker is right for you. Some of the pros we'll cover include their range of account types, competitive spreads, and excellent customer support, while some of the cons we'll discuss include the lack of cryptocurrency trading and high withdrawal fees.

Pros	Cons
Regulated by top-tier financial authorities, FCA and CYSEC	Limited product offerings compared to some competitors
Wide range of account types for different trading needs	High inactivity fee
Low minimum deposit requirements	Limited payment methods
Demo Accounts Available	Limited research tools and resources
Islamic Accounts Available
Access to a variety of trading platforms, including MT4 and MT5
Multiple funding and withdrawal options
Rich Eductaional Resources
Rich Trading Tools
High-quality customer support

Market Intruments

FXTM offers a diverse range of trading instruments for its clients, which includes forex, spot metals, CFD commodities, stock, stock CFDs, and CFDs on indices. The forex market is the largest financial market in the world, and FXTM provides access to a wide range of major, minor and exotic currency pairs. This means that traders have the flexibility to trade the currency pairs that best suit their trading strategies.

In addition to forex, FXTM offers trading in spot metals, which include gold, silver, and platinum. Spot metals can be a useful tool for diversifying a portfolio or hedging against inflation or geopolitical risks. FXTM also provides CFD trading in commodities, such as oil, natural gas, and agricultural commodities. CFD trading allows traders to speculate on the price movements of these commodities without having to own them physically.

FXTM also offers trading in stocks and stock CFDs. With access to global markets, traders have the opportunity to invest in some of the world's leading companies, such as Apple, Amazon, and Facebook. Moreover, traders can benefit from dividend payments when holding stock CFDs for the long term.

Finally, FXTM provides CFD trading on indices, which allows traders to speculate on the performance of a particular stock market. This is particularly useful for traders who want to take a broader view on the direction of a market, rather than focusing on individual stocks.

Overall, FXTM's range of market instruments provides traders with a wide variety of opportunities to diversify their trading portfolio and explore new trading strategies.

Pros	Cons
Offers a wide range of markets to trade, including forex, spot metals, and CFDs on commodities, stocks, and indices	Limited selection of individual stocks compared to some competitors
Competitive spreads and commissions	Margin requirements on some instruments may be higher than other brokers
Access to both major and minor forex pairs, as well as exotic currency pairs	Limited cryptocurrency offerings compared to some competitors
Opportunity to diversify portfolio with a variety of markets	The number of CFDs on commodities may be limited compared to other brokers
Offers both MetaTrader 4 and MetaTrader 5 platforms for trading	Availability of certain markets may vary depending on the trader's location

Account Types

FXTM offers three different types of trading accounts, which are the Micro account, the Advantage account, and the Advantage Plus account. The Micro account requires a minimum deposit of $10, the Advantage account requires a minimum deposit of $100, and the Advantage Plus account requires a minimum deposit of $500.These account types are designed to cater to the varying needs and preferences of traders, ranging from beginner traders with limited capital to experienced traders looking for more advanced trading features. Each account type has its own unique features and benefits, such as different minimum deposit requirements, leverage ratios, and spreads, allowing traders to choose the one that suits them best. The Micro account is ideal for novice traders with a limited budget, while the Advantage account is suitable for experienced traders who require advanced trading tools and a competitive trading environment. The Advantage Plus account is designed for professional traders who require high-volume trading and personalized support from a dedicated account manager.

Pros	Cons
Micro account has low initial deposit	Micro account has higher spreads compared to other types
Advantage account has low spreads	Advantage account has a higher minimum deposit
Advantage Plus account offers lower commissions	Advantage Plus account has the highest minimum deposit

Demo Accounts

FXTM offers demo accounts for all its account types, including Micro, Advantage, and Advantage Plus. These demo accounts allow traders to test their trading strategies in a risk-free environment using virtual funds. Demo accounts are also useful for new traders who want to learn how to trade before committing real money to live trading. With FXTM's demo accounts, traders can access all the trading tools and features available in the live trading platform. The demo accounts are also available in multiple languages, making it accessible for traders from different countries. However, it's important to note that demo trading doesn't completely simulate the emotional and psychological aspects of real trading, which could affect a trader's performance in the live markets.

How to Open an Account？

• To open an account with FXTM, you first need to visit their website and click on the “OPEN ACCOUNT” button on the top right-hand corner of the page.

• This will take you to the account registration page where you will need to fill out some basic personal information like your name, email address, and phone number.

• Next, you will be asked to choose the type of account you want to open. FXTM offers three main account types - Micro, Advantage, and Advantage Plus, each with its own features and benefits. You will also need to select the base currency of your account and agree to the terms and conditions of the broker.

• Once you have selected your account type and base currency, you will be prompted to provide some additional personal information like your date of birth, occupation, and address. You will also need to answer a few questions about your trading experience and investment goals.

• After you have completed the registration process, you will need to verify your account by providing some additional documents like a copy of your ID or passport and a proof of address like a utility bill or bank statement.

• Finally, once your account is verified, you can then make your first deposit and start trading.

Leverage

FXTM offers leverage of up to 1:2000, depending on the account type and trading instrument. The highest leverage is available for forex trading on the FXTM Pro account, while the other account types offer leverage up to 1:30 for EU traders and up to 1:2000 for non-EU traders. It's important to note that while high leverage can increase potential profits, it also increases the risk of losses. Therefore, it's recommended to use leverage wisely and only trade with funds you can afford to lose. FXTM also offers negative balance protection, which ensures that traders can not lose more than their account balance. This feature can provide additional peace of mind when trading with high leverage.

Spreads & Commissions (Trading Fees)

The spreads and commissions vary depending on the account type. For the Micro account, the spreads start from 1.5 pips, and no commission is charged. For the Advantage account, the spreads start from 1.1 pips, and a commission of $2 is charged per lot. For the Advantage Plus account, the spreads start from 0.0 pips, and a commission of $4 is charged per lot. It's important to note that the spreads are floating and may widen during periods of high market volatility.

The spreads offered by FXTM are typically lower than those offered by many other brokers in the industry, particularly on the Advantage and Advantage Plus accounts. The Micro account, however, has slightly higher spreads, which is to be expected due to the smaller minimum deposit requirement.

Here we have created a comparison table of the average spreads and commissions offered by FXTM and some other popular forex brokers such as IC Markets, Exness, and FP Markets:

Broker	EUR/USD Spread	Commission	Minimum Deposit
FXTM (Micro)	1.5 pips	No commission	$10
FXTM (Advantage)	0.5 pips	No commission	$100
FXTM (Advantage Plus)	0.1 pips	No commission	$500
IC Markets (Raw Spread)	0.1 pips	$7 round turn	$200
Exness (Raw Spread)	0.3 pips	No commission	$1
FP Markets (Raw Spread)	0.0 pips	$7 round turn	$100

Non-Trading Fees

Apart from trading fees, FXTM charges some non-trading fees that traders should also consider before choosing this broker. Some of the non-trading fees charged by FXTM include inactivity fee, withdrawal fee, deposit fee, and overnight fee. The inactivity fee is charged when a trader does not perform any trading activity on their account for a period of 6 months. The fee charged is $5 per month. Withdrawal fees vary depending on the method used, with bank transfers attracting a higher fee compared to e-wallets. Deposit fees are not charged for most methods, but a 2.5% fee is charged when depositing via Neteller. Overnight fees are charged when a position is held open overnight, and they vary depending on the instrument being traded

Here is a table showing the comparison of non-trading fees charged by FXTM and some other popular forex brokers:

Broker	Inactivity Fee	Deposit Fee	Withdrawal Fee
FXTM	$5/month after 6 months of inactivity	Free	Fees may occur
Avatrade	$50/quarter after 3 months of inactivity	Free	Fees may occur
IC Markets	$0	Free	Fees may occur
Exness	$0	Free	Fees may occur
FP Markets	$0	Free	Fees may occur

Trading Platform

FXTM offers a range of trading platforms, including the popular MetaTrader 4 and 5 platforms, as well as their proprietary trading platform called FXTM Trader. The MetaTrader 4 and 5 platforms are known for their ease of use, comprehensive charting tools, and customizability, while FXTM Trader offers advanced features such as price alerts, multiple chart types, and a news feed.

One of the main advantages of using MetaTrader 4 and 5 is the vast community of traders who have developed and shared custom indicators and trading strategies, making it easy to find and use powerful tools that can help improve your trading performance.

Another advantage of FXTM's trading platforms is their compatibility with a range of devices, including desktop, mobile, and web-based platforms, making it easy to trade on the go or from any device.

Here's a table comparing the trading platforms offered by FXTM, IC Markets, Avatrade, and Exness

Broker	Platform Types	Desktop	Web-Based	Mobile
FXTM	MT4, MT5, FXTM Trader	✔	✔	✔
IC Markets	MT4, MT5, cTrader	✔	✔	✔
Avatrade	MT4, AvaTradeGO, WebTrader	✔	✔	✔
Exness	MT4, MT5	✔	✔	✔

Deposit & Withdrawal

FXTM offers a variety of deposit and withdrawal options for its clients. Traders can deposit funds into their trading account using credit/debit cards, bank wire transfers, e-wallets, and other online payment methods. The minimum deposit amount varies depending on the account type selected by the trader.

For credit/debit card deposits, FXTM accepts Visa, Mastercard, and Maestro. There are no deposit fees for credit/debit card transactions, and funds are usually credited to the trading account instantly.

Bank wire transfers are also available as a deposit option. This method takes longer to process compared to other deposit methods and may incur charges from the bank. The minimum deposit amount for bank wire transfers varies depending on the currency selected, and it may take up to five business days for funds to appear in the trading account.

E-wallets such as Skrill, Neteller, and WebMoney are also accepted by FXTM. Deposits made through e-wallets are usually credited to the trading account instantly and are free of charge. The minimum deposit amount for e-wallet transactions varies depending on the selected e-wallet.

Withdrawals can be made using the same methods as deposits, with the exception of Mastercard. Withdrawals made through credit/debit cards may take up to three business days, while withdrawals made through e-wallets are usually processed within 24 hours. Bank wire transfers may take up to five business days for the funds to be credited to the trader's bank account.

FXTM may charge withdrawal fees for some methods. Traders are advised to check the fees and processing times associated with each method before making a deposit or withdrawal.

Pros	Cons
Multiple deposit and withdrawal methods	Some withdrawal methods may have higher fees
No deposit fees	Minimum withdrawal amounts may be higher than other brokers
Fast deposit and withdrawal processing times	Some deposit methods may not be available in certain regions
Supports various currencies for transactions

Customer Support

FXTM is known for providing excellent customer support to its clients. The broker offers various channels for clients to contact their support team, including live chat, email, and phone support. The customer support team is available 24/5 and is multilingual, which means clients can communicate with them in their preferred language.

FXTM also provides an extensive FAQ section on their website that covers various topics, such as account opening, deposit and withdrawal methods, trading platforms, and more. This section is helpful for clients who prefer to find answers to their questions without contacting the support team.

Pros	Cons
Live chat support available	No 24/7 customer support
Fast response times	No phone support for some countries
Knowledgeable and helpful staff	Limited educational resources for clients
Various support channels available
A FAQs section

Educational Resources

FXTM offers various educational resources to its clients to enhance their trading skills and knowledge. These resources include webinars, seminars, articles, e-books, educational videos, and more.

Webinars and seminars are live sessions conducted by market experts and analysts who provide insights and analysis on market trends and trading strategies. The sessions cover a wide range of topics, including technical and fundamental analysis, risk management, and trading psychology. The webinars and seminars are interactive, allowing clients to ask questions and get feedback from experts.

FXTM also provides a wide range of educational articles and e-books that cover a variety of trading topics. These resources are available to all clients, regardless of their account type, and can be accessed on the FXTM website.

In addition to these resources, FXTM offers educational videos that cover various aspects of trading, including market analysis, trading strategies, and risk management. These videos are designed to be engaging and informative, making them a useful tool for traders at all levels of experience.

Pros	Cons
Wide range of educational resources available	Some resources may be outdated or not relevant
Multiple formats available (webinars, articles, etc.)	Limited in-depth educational resources
Demo account available for practice trading	Educational resources may not be suitable for all levels of traders
Educational resources available in multiple languages	Some resources may require a subscription or additional fees

Conclusion

FXTM is a well-regulated and respected forex broker with a wide range of market instruments, competitive trading conditions, and user-friendly trading platforms. They offer various account types with reasonable minimum deposits and leverage options. FXTM's customer support is also responsive and helpful, while their educational resources can be useful for both novice and experienced traders.

However, there are also some potential drawbacks to consider. FXTM's non-trading fees, such as withdrawal fees, can be high, and their spreads can be wider than some of their competitors. Additionally, some traders may find their educational resources lacking in depth or variety.

FAQs

• Q: Is FXTM regulated？

  A: Yes, FXTM is regulated by top-tier financial authorities such as the Financial Conduct Authority (FCA) in the UK and the Cyprus Securities and Exchange Commission (CySEC).

• Q: What trading instruments are available on FXTM？

  A: FXTM offers a range of trading instruments including forex, spot metals, CFD commodities, stock CFDs, and CFDs on indices.

• Q: What types of trading accounts are available on FXTM？

  A: FXTM offers three main types of trading accounts: the Micro account, Advantage account, and Advantage Plus account.

• Q: What is the minimum deposit required to open an account on FXTM？

  A: The minimum deposit required for each account type on FXTM is as follows: Micro account - $10, Advantage account - $100, and Advantage Plus account - $500.

• Q: What trading platforms are available on FXTM？

  A: FXTM offers a range of trading platforms including the popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms.

• Q: What are the deposit and withdrawal options on FXTM？

  A: FXTM offers a variety of deposit and withdrawal options including bank transfers, credit/debit cards, and e-wallets such as Skrill, Neteller, and more.

• Q: What are the deposit and withdrawal options on FXTM？

  A: FXTM offers a variety of deposit and withdrawal options including bank transfers, credit/debit cards, and e-wallets such as Skrill, Neteller, and more.

Registered in	United Kingdom
Regulated by	FCA, VFSC
Year(s) of establishment	2-5 years
Trading instruments	Foreign exchange, precious metals, crude oil, global hot stocks, stock indexes, futures, spots and other CFDs
Minimum Initial Deposit	$50
Maximum Leverage	1:100
Minimum spread	0.0 pips onwards
Trading platform	MT4, MT5
Deposit and withdrawal method	Bank wire transfer, skrill and neteller
Customer Service	Email/phone number/address/live chat
Fraud Complaints Exposure	Yes

Risk Warning

Online trading involves huge risks and you can lose all your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained herein is for general information purposes only.

General information and regulatory status

CWG Markets is an online forex broker registered in United Kingdom and well regulated by FCA and VFSC.

CWG Markets is a regulated brokerage firm based in the United Kingdom, specializing in market making services. They have been operating for 2-5 years and are regulated by the Financial Conduct Authority (FCA) in the UK for Market Making (MM) activities. Additionally, they hold a Retail Forex License under offshore regulation from the Vanuatu Financial Services Commission (VFSC). CWG Markets operates with medium potential risk and is considered a regional broker.

CWG also offers a diverse range of market instruments for trading, including forex pairs like EURUSD, CFDs on popular stocks such as ADBE and AMZN, precious metals like XAGUSD and XAUUSD, energy commodities like UKOIL and USOIL, indices such as DE30 and US500, and commodity futures like UK100NGAS and COPPER. These instruments allow traders to participate in various markets, including currencies, stocks, metals, energy, and commodities, providing opportunities to speculate on price movements and potentially profit from market fluctuations.

The broker offers multiple account types, including Instant, Classic, Advanced, and Institutional accounts. Each account type has its own minimum deposit requirement, available base currencies, spreads, maximum leverage, commission (if applicable), and features like Islamic accounts. Traders can choose the account type that suits their trading preferences and needs.

CWG Markets provides the popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5) trading platforms. These platforms offer a user-friendly interface, comprehensive trading tools, real-time market quotes, advanced charting capabilities, and the ability to execute trades with multiple order types. Traders can access the platforms from various devices, including Windows computers, and there are also mobile apps available for Android and iOS devices.

In addition to the trading platforms, CWG Markets offers a range of trading tools to enhance the trading experience. These tools include MT4 indicators for technical analysis, an Economic Calendar for monitoring market events, PAMM/MAM software for management of multiple accounts, and API trading for direct access and faster execution.

CWG Markets provides educational resources to support traders in their trading journey. These resources include video tutorials, daily analysis reports, technical views, personalized trade ideas, and a glossary of trading terms. By offering these resources, CWG Markets aims to empower traders with the knowledge and insights they need to make informed trading decisions.

Customer support is available in English, and traders can reach out to CWG Markets via email or phone for assistance with trading problems, complaints, suggestions, and account-related inquiries. The customer support service operates during specific hours from Monday to Friday.

In the following article, we will analyze the characteristics of this broker from various aspects, providing you with simple and organized information. If you are interested, please read on.

We will also briefly summarize the main advantages and disadvantages so that you can understand the broker's characteristics at a glance.

Pros and Cons

CWG Markets is a trading platform that offers a range of financial instruments for traders. One notable advantage of CWG Markets is its user-friendly interface, which makes it easy for both beginners and experienced traders to navigate the platform. Additionally, the platform provides access to a wide variety of markets, including forex, commodities, indices, and cryptocurrencies, allowing traders to diversify their portfolios. Another benefit is the availability of educational resources, such as webinars and tutorials, which can help traders enhance their knowledge and skills. On the downside, some users have reported occasional technical issues, such as slow execution times and occasional server interruptions. Furthermore, the customer support could be improved in terms of response time and effectiveness. Overall, CWG Markets offers a user-friendly platform with a diverse range of trading options, but it could benefit from addressing technical issues and enhancing customer support.

Pros	Cons
User-friendly interface	Occasional technical issues
Diverse range of trading options	Customer support could be improved
Access to various markets	Limited payment options
Availability of educational resources	Inactivity fee charges for dormant accounts
Spreads from 0	Limited research and analysis tools
Multi-platform compatibility	Limited options for account types
Demo account available for practice	Limited customization options
	Limited educational resources for advanced traders

Is CWG Markets Legit？

According to the information provided, CWG Markets is regulated by two different authorities:

1. Financial Conduct Authority (FCA): CWG Markets Ltd is licensed and regulated by the Financial Conduct Authority in the United Kingdom. Their license number is 785129, and they are authorized for Market Making (MM) activities. The address of the licensed institution is 76 Cannon Street, 3rd Floor, London, EC4N 6AE, United Kingdom.

2. Vanuatu Financial Services Commission (VFSC): CWG Markets Ltd is also licensed by the Vanuatu Financial Services Commission. Their license number is 41694, and they hold a Retail Forex License under the offshore regulation. However, it's important to note that offshore regulations may carry different levels of oversight and protection compared to regulations in jurisdictions like the United Kingdom.

Please be aware that the offshore regulation in Vanuatu may come with certain risks, as indicated by the WikiFX Risk Alerts that mention the offshore regulation and the number of complaints received in the past 3 months. It's recommended to exercise caution and conduct further research before engaging in any financial activities with CWG Markets.

Market instruments

Foreign exchange, precious metals, crude oil, global hot stocks, stock indexes, futures, spots and other CFDs .....CWG Markets allows clients to access a huge range of trading markets. Therefore, both beginners and experienced traders can find what they want to trade on CWG Markets.

Forex: CWG offers a range of forex instruments, including major currency pairs such as EURUSD, AUDUSD, GBPUSD, USDCHF, USDJPY, and USDCAD. These instruments allow traders to speculate on the exchange rate fluctuations between different currencies. The forex market is the largest and most liquid market globally, providing opportunities for traders to engage in currency trading.

CFD Stock: CWG provides Contract for Difference (CFD) instruments on various stocks. These CFDs allow traders to speculate on the price movements of individual stocks without owning the underlying asset. Some of the stocks offered by CWG include ADBE (Adobe Inc), AMZN (Amazon.com Inc), ATVI (Activision Blizzard Inc), BIDU (Baidu Inc), PEP (PepsiCo Inc), C (Citigroup Inc), COP (ConocoPhillips), DAL (Delta Air Lines Inc), DELL (Dell Technologies Inc), JPM (JPMorgan Chase & Co), and F (Ford Motor Co).

Precious Metals: CWG offers trading instruments on precious metals like XAGUSD (Silver) and XAUUSD (Gold). These instruments allow traders to speculate on the price movements of these precious metals. Precious metals are often considered as safe-haven assets and can serve as a hedge against inflation or economic uncertainties.

Energy: CWG provides trading instruments related to energy markets. UKOIL (Brent Crude Oil) and USOIL (WTI Crude Oil) are offered by CWG. These instruments allow traders to participate in the price movements of these energy commodities, which are influenced by factors such as supply and demand dynamics, geopolitical events, and global economic conditions.

Indices: CWG offers trading instruments based on various global stock indices. These indices represent the performance of a group of stocks from specific regions or sectors. Some of the indices available for trading include DE30 (Germany 30), FR40 (France 40), ES35 (Spain 35), EU50 (Euro Stoxx 50), HK50 (Hong Kong 50), JP225 (Japan 225), and US500 (US 500). Traders can speculate on the overall performance of these indices without directly owning the underlying stocks.

Commodity Futures: CWG provides trading instruments on commodity futures. These instruments allow traders to speculate on the future price movements of commodities like UK100NGAS (UK Natural Gas), COPPER, and USOIL (Crude Oil). Commodity futures trading involves predicting the price direction of these commodities and taking positions accordingly.

Spreads and commissions for trading with CWG Markets

Spreads and commissions in CWG Markets vary based on the type of instrument and account. Taking the example of an advanced account, the spreads are typically as low as 0.0 pips, indicating a potentially narrow spread between the bid and ask price. On the other hand, there is a commission of $3 per side, which means that for each trade, there would be a separate charge for opening and closing the position.

Account Types for CWG Markets

Demo Account: CWG Markets provides a demo account that allows you to try out the financial markets without the risk of losing money.

Live Account: CWG Markets offers a total of 3 account types: classic, advanced and institutional. The minimum deposit to open an account is $50, $200 and $50,000 respectively. If you are still a beginner and don't want to invest too much money in Forex trading, a classic account will be the most suitable option for you. However, we should also realize that too little capital not only reduces losses, but also reduces profitability. Therefore, you may find it “unexciting” or unprofitable. In addition, accounts with smaller initial deposits tend to have poorer trading conditions.

Pros	Cons
Multiple account types to choose from	Higher minimum deposits for more advantageous conditions
Availability of Islamic accounts	Commission charged for certain account types
Lower maximum leverage for higher-level accounts	Limited base currency options

How to Open an Account？

To open an account with CWG Markets, you can follow these steps:

1. Visit the CWG Markets website: Go to the official website of CWG Markets, which is www.cwgmarkets.co.uk.

2. Register: Look for the ‘Open a live account’ button on the website and click on it. You will be directed to the registration page.

3. Fill in personal information: Provide the required personal information, including your full name, email address, phone number, and country of residence. In this case, since you are from the United States, select the United States as your country.

4. Phone Number: Enter your phone number accurately as requested.

5. Email Verification: You will receive an email verification code to the email address you provided. Check your inbox and enter the verification code in the appropriate field on the registration page.

6. Set Password: Create a password for your CWG Markets account. The password should be between 8 to 15 characters and must contain both uppercase and lowercase letters. Make sure to choose a strong and secure password that you can remember.

7. Complete the registration: After setting your password, review the terms and conditions, and any other relevant information provided by CWG Markets. If you agree to the terms, click on the “Register” or “Sign Up” button to complete the registration process.

8. Account Verification: Depending on the requirements of CWG Markets, you may need to verify your identity and provide additional documents to activate your account fully. Follow the instructions provided by CWG Markets to complete the verification process if necessary.

Trading platforms offered by CWG Markets

Trading platforms offered by CWG Markets:

1. CWG MetaTrader 4: MetaTrader 4 is a widely recognized and popular trading platform used by millions of traders worldwide. It provides a user-friendly interface and a comprehensive set of trading tools. Traders can access the platform from various devices, including Windows computers. The platform offers features like real-time market quotes, advanced charting capabilities, and the ability to execute trades with multiple order types.

2. CWG MetaTrader 5: MetaTrader 5 is another industry-leading trading platform offered by CWG Markets. It is chosen by banks and traders from over 30 countries. Traders can download and install the platform on their Windows devices to access a wide range of trading instruments. MetaTrader 5 provides enhanced trading features, improved charting tools, and advanced order execution options. Additionally, CWG Markets offers the MetaTrader 5 app for Android and iOS devices, allowing traders to trade on the go.

Pros	Cons
User-friendly interface	Limited platform options (only MetaTrader 4 and MetaTrader 5)
Comprehensive trading tools	Limited customization options
Real-time market quotes	Potential learning curve for beginners
Advanced charting capabilities	May require additional resources for running smoothly
Multiple order types and execution models	Limited platform-specific features
Accessible from various devices	Possible occasional technical issues

Leverage offered by CWG Markets

Although some brokers offer leverage up to 1:500 or even 1:1000, the leverage of 1:100 offered by CWG Markets is sufficient for the average trader. This is because the more leverage you have, the more risk you take with your money. Even professional traders, let alone novices, should not be tempted to use leverage as large as 1:500.

Deposit and withdrawal methods and fees

In terms of deposit and withdrawal, like many good brokers, CWG Markets provides a detailed form with important information about currency, payment method, minimum amount, arrival date, fees, etc. however, the feasible payment methods are only bank transfer, Skrill and neteller, and there is also an extra fee for the second and subsequent withdrawals per month and international bank transfer withdrawal below 500 USD.

Customer support of CWG Markets

The customer support of CWG Markets is available to assist traders with their inquiries and concerns. Here are the details regarding their customer service:

Language(s): The customer support is available in English.

Service Hours: The service hours for customer support are from Monday to Friday, 07:30-01:00 (GMT +8).

Email: Traders can reach out to CWG Markets through email at service@cwgmarkets.com for trading problems, complaints, suggestions, and account assistance. It is advised to use the registered email address and include relevant account details and questions for prompt support.

Phone Number: CWG Markets provides a hotline for global inquiries. The phone numbers are as follows: +44 2037699268 and +60 1800819380.

Address: The company's physical address is 1276, Govant Building, Kumul Highway, PORT VILA, VANUATU.

Social Media: CWG Markets can also be contacted through various social media platforms such as Facebook, Instagram, LinkedIn, YouTube, and Twitter.

Users exposures on WikiFX

On our website, you can see that some users have reported scams. Please be aware and exercise caution when investing. You can check our platform for information before trading. If you find such fraudulent brokers or have been a victim of one, please let us know in the Exposure section, we would appreciate it and our team of experts will do everything possible to solve the problem for you.

Trading Tools

CWG Markets offers a range of trading tools to enhance the trading experience of its users. These tools include:

1. MT4 Indicators: CWG Markets provides powerful Trading Central technical analysis indicators integrated with the MetaTrader 4 (MT4) platform. These indicators help users identify trading opportunities in real time, increasing confidence in their trading decisions. They offer access to 16 commonly used candlestick patterns, combining candlestick charts with quantitative and technical analysis.

2. Economic Calendar: The Economic Calendar provided by CWG Markets offers real-time, actionable macro-economic data. Traders can easily monitor, anticipate, and act on potentially market-moving events. The calendar allows users to track each event in real-time and provides insights into how similar events have previously affected prices.

3. PAMM/MAM Software: The PAMM (Percent Allocation Management Module) and MAM (Multi-Account Manager) software is designed for asset managers and traders who manage multiple accounts. It broadens the capabilities of the MetaTrader platform, allowing the management of multiple accounts through a single interface. This software is particularly useful for those who use Expert Advisors (EAs) for trading.

4. API Trading: CWG Markets offers API trading, which enables users to connect their trading accounts with custom-built platforms. With API integration, traders gain direct access to CWG's ecosystem, allowing for faster order execution and more control over their trading. API trading provides live market data, historical prices, and the ability to execute trades without manually searching for information from various sources.

Pros	Cons
Powerful MT4 indicators for confident trading decisions	Offshore regulation for certain licenses
Real-time Economic Calendar for monitoring market events	Limited information provided on API trading
PAMM/MAM software for management of multiple accounts	Limited information provided on address and contact details
API trading for direct access, faster execution, and control

Educational Resources

CWG Markets provides a range of educational resources to support traders in making informed decisions and enhancing their trading skills. These resources include:

1. CWG TV: CWG TV offers video tutorials and educational content covering various aspects of trading, including strategies, technical analysis, market trends, and more. It provides traders with visual and engaging materials to better understand trading concepts.

2. Daily Analysis: CWG Markets provides daily analysis reports that cover important market events, news, and economic indicators. This analysis helps traders stay updated with the latest market developments and make more informed trading decisions.

3. Technical Views: Technical analysis is a crucial tool for traders, and CWG Markets offers technical views that provide insights into price patterns, trends, and key support and resistance levels. Traders can leverage this information to identify potential entry and exit points for their trades.

4. Featured Ideas: CWG Markets delivers personalized trade ideas in real-time through their Featured Ideas service. These ideas are generated based on both technical and fundamental analysis, and they can assist traders in identifying potential investment opportunities.

5. Glossary: CWG Markets provides a glossary of trading terms and definitions to help traders understand commonly used terminology in the financial markets. This resource can be particularly useful for beginners who are new to trading.

Overall, the educational resources offered by CWG Markets aim to empower traders with the knowledge and insights they need to make confident trading decisions. By providing access to analysis, educational videos, trade ideas, and a glossary, traders can enhance their understanding of the markets and develop their trading skills.

Pros	Cons
Provides video tutorials for visual learning	No mention of live webinars or interactive sessions
Offers daily analysis reports for market updates	No mention of comprehensive educational courses
Includes technical views for technical analysis	Limited information about the depth of analysis
Delivers personalized trade ideas in real-time	No mention of educational resources for advanced traders
Offers a glossary for understanding trading terms

Conclusion

In conclusion, CWG Markets is a regulated brokerage firm, authorized by the Financial Conduct Authority (FCA) in the United Kingdom and the Vanuatu Financial Services Commission (VFSC) under offshore regulation. CWG offers forex pairs, CFD stocks, precious metals, energy commodities, global indices, and commodity futures, providing traders with diverse trading opportunities. It offers multiple account types, including Islamic accounts, and provides a range of trading instruments through the popular MetaTrader 4 and MetaTrader 5 platforms. However, some potential drawbacks include limited feasible payment methods, higher minimum deposits for certain account types, and the reduced WikiFX score due to complaints. Traders should also consider the offshore regulatory oversight and exercise caution before engaging in financial activities with CWG Markets.

FAQs

Question: Is CWG Markets regulated？

Answer: Yes, CWG Markets is regulated by two different authorities. They are licensed and regulated by the Financial Conduct Authority (FCA) in the United Kingdom with license number 785129 for Market Making (MM) activities. They are also licensed by the Vanuatu Financial Services Commission (VFSC) with license number 41694 for a Retail Forex License under offshore regulation.

Question: What are the account types offered by CWG Markets？

Answer: CWG Markets offers four different account types: Instant account, Classic account, Advanced account, and Institutional account. Each account type has its own minimum deposit requirement, available base currencies, spreads, maximum leverage, commission (if applicable), and features like Islamic accounts.

Question: What is the leverage ratio offered by CWG Markets？

Answer: CWG Markets offers a leverage ratio of 1:100. This means for every dollar of trading capital, traders can control up to a hundred dollars' worth of positions.

Question: What are the available trading platforms at CWG Markets？

Answer: CWG Markets offers two trading platforms: MetaTrader 4 (MT4) and MetaTrader 5 (MT5). These platforms are widely recognized and provide user-friendly interfaces, comprehensive trading tools, real-time market quotes, advanced charting capabilities, and multiple order types.

Question: What are some of the trading tools offered by CWG Markets？

Answer: CWG Markets offers a range of trading tools, including MT4 indicators for technical analysis, an Economic Calendar for monitoring market events, PAMM/MAM software for management of multiple accounts, and API trading for direct access and faster execution.

Question: What educational resources are provided by CWG Markets？

Answer: CWG Markets provides educational resources such as video tutorials through CWG TV, daily analysis reports, technical views for price patterns and trends, personalized trade ideas, and a glossary of trading terms.

Question: How can I contact customer support at CWG Markets？

Answer: You can contact CWG Markets' customer support through email at service@cwgmarkets.com or via phone at +44 2037699268 and +60 1800819380. The service hours for customer support are from Monday to Friday, 07:30-01:00 (GMT +8).