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FWT Markets

South Africa|2-5 years|
Suspicious Regulatory License|Suspicious Scope of Business|Suspicious Overrun|High potential risk|


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+27 (0)12 362 0310


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Contact number


+27 (0)12 362 0310

Broker Information


Company Name

Financial Wealth Trading Markets (Pty) Ltd

Company Abbreviation

FWT Markets

Platform registered country and region

South Africa

Company website

Pyramid scheme complaint


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Warning: Low score, please stay away! 4
Previous Detection : 2023-12-12
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The number of this brokers's negative field survey reviews has reached 1. Please be aware of the risk and the potential scam!

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FWT Markets · Company Summary

Basic Information & Regulators

FWT Markets is a Forex and CFD broker based in South Africa and is not currently subject to any active regulation.

Safety Analysis of FWT Markets

FWT Markets is currently an unregulated broker, which means that investors' trading activities and funds are not protected on the FWT Markets platform compared to those regulated by stringent regulations such as the FCA in the UK and CySEC in Cyprus. Therefore, investors should be careful to stay away from this FWT Markets Forex broker.

Market Instruments

FWT Markets offers investors a wide range of trading instruments, including over 50 pairs of Forex currency pairs, as well as 11 indices CFDs, gold, silver, and oil.

Accounts & Leverage of FWT Markets

To meet the investment needs of investors with different expertise, FWT Markets offers three different trading accounts: Mini (minimum deposit of $100), Standard (minimum deposit of $150), and ECN (minimum deposit of $500). Mini accounts have the leverage of up to 1:500, and ECN accounts have the leverage of 1:200.

Spreads & Commissions of FWT Markets

Spreads start at 2.5 pips for Mini accounts and 2.5 pips for Standard accounts, with no commission, while ECN accounts come with raw spreads and a commission of $3 per lot.

Trading Platform Available

FWT Markets provides traders with the most advanced MT5 trading platform available, but this MT5 is provided by a third-party company.

Deposit and Withdrawal of FWT Markets

FWT Markets supports traders to deposit and withdraw funds to and from their accounts through a range of convenient methods such as VISA, MasterCard, NETELLER, Skrill, and wire transfer.

Pros & Cons of FWT Markets

The main advantages of FWT Markets:

1. Wide range of currency pairs and CFD products

2. Low accounts deposit

3. Three types of accounts available

The main disadvantages of FWT Markets:

1. Not subject to any regulation

2. Third-party provided MT4 software

3. High spreads on mini and standard accounts

4. Fewer options to withdraw and deposit funds

5. No demo accounts offered

User Reviews

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more than one year
I wasn't able to withdraw from FWT Markets for 6 months. My deposit arrived in their system in no time but taking out my profit has been a big problem. I believe they intentionally manipulate the system not to allow withdrawal.
2023-03-01 14:22
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