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HWG

Saint Vincent and the Grenadines|2-5 years|
Suspicious Regulatory License|MT4/5 full license|Regional Brokers|High potential risk|

https://hwgsecurities.com/

Website

Rating Index

MT4/5 Identification

MT4/5 Identification

Full License

2
Server Name
HWGSecurities-Demo MT4
Server Location United Kingdom

Contact

+61(0) 383 766 284
support@hwgsecurities.com
https://hwgsecurities.com/

Licenses

No valid regulatory information, please be aware of the risk!

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

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Contact number

English

+61(0) 383 766 284

Broker Information

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Company Name

HWG Securities Ltd

Company Abbreviation

HWG

Platform registered country and region

Saint Vincent and the Grenadines

Company website

Pyramid scheme complaint

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Warning: Low score, please stay away!
Previous Detection : 2024-03-01
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

WikiFX Verification

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HWG · Company Summary

General Information & Regulation

HWG Securities is a retail trading broker that offers over 80 financial instruments — forex, precious metals, cryptocurrencies, bonds, and more — for trading online via the MetaTrader 4 trading platform. Operating from Kingstown, Saint Vincent and the Grenadines, there is no regulatory information on the brokers website at the moment.

Markets Instruments

HWG Securities offers the following trading instruments: forex, metals, bonds, cryptocurrencies.

Minimum Deposit

Clients can choose the account type that best suits their individual trading objectives from a choice of two live trading accounts: the Standard Account (with a minimum deposit of $15) and the ECN Account (with a minimum deposit of $2,000).

Leverage

HwgSecurities offers leverage as high as 1:1000, but because we strongly doubt their credibility – they have no license and this is a major issue.

Spreads & Commissions

As for the trading conditions, as tested with a demo account, the benchmark EURUSD spread floated about 0,7 pips, which along with the fact that no trading commission is taken, looks really attractive. Still, no matter how attractive the trading conditions might look, you should always remember that the safety of your funds comes first.

Trading Platform Available

HWG Securities gives traders access to trade on the MT4 trading platform, a user-friendly trading platform that was developed in 2005. The platform allows its users to trade all the available financial instruments with ease.

Deposit& Withdrawal

All deposit and withdrawal requests are processed through credit/debit cards (Visa and MasterCard). Some popular e-wallets including PayPal, Skrill, Neteller, POLi, Sofort, FasaPay, GiroPay, iDeal, PerfectMoney are not available. Our general advice when dealing with online brokers, however is to use your VISA or MasterCard, because that way you will have the option to file for a charge back in case you realize you have been scammed. Similar option is available with some of the major e-wallets like PayPal, Skrill and Neteller. Otherwise, if you pay with bitcoins or other crypto coins like Ethereum or Monero, you will not be able to reverse the payment if needed, and that is exactly the reason why scammers prefer to receive your deposits in crypto coins.

Customer Support

HWG Securities‘ customer support team is available 24/7 to respond to all clients’ trading inquiries, and they can be reached via the following contact channels: telephone, email, Live Chat, online form, and social media.

News

HWG review – Is HWG scam or good forex broker?

NewsHWG review – Is HWG scam or good forex broker?

2021-12-14 13:32

Hwg says to be a safe and trustworthy broker, offering superior trading conditions with a choice of two account types, leverage as high as 1:1000, and a good selection of trading instruments, including well over 50 currency pairs, and lots of CFDs on precious metals, oil, stocks, 13 major indices and some crypto coins like Bitcoin, Ethereum, Litecoin, Ripple and Bitcoin Cash. And all of that comes on a well known platform – MetaTrader4. The offer may surely seem attractive, if only HwgSecurities was a legit broker. Unfortunately they are not. They have no legit forex license and they are based offshore, which significantly lowers their credibility.

WikiFX
2021-12-14 13:32
News
HWG review – Is HWG scam or good forex broker?

User Reviews

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2

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嘉少
more than one year
Scam Call! Received a call from this company today. This call was unsolicited and they weren't specific on how they gathered my information. After I mentioned I wasn't interested in this platform and requested for them to please delete my information, the answer I received was that they weren't interested in deleting my information and hung up the call on me.
2023-03-14 18:27
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0
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辉哥
more than one year
I submitted my withdrawal last year, till now I still haven't received any money. I emailed them and they said that there are too many withdrawals at the moment and I am in the queue. What!!!??? Half a year already and I am still in the queue. I have asked someone to go to their St Vincent's and Grenadines office, there is no office there for HWG at all. Totally a scam.
2023-02-22 16:24
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