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The WikiFX Score of this broker is reduced because of too many complaints!


South Africa|10-15 years|
Regulated in Cyprus|Market Making(MM)|White label MT4|High potential risk|


Rating Index

MT4/5 Identification


White Label


United States



Influence index NO.1

Brazil 7.97
The WikiFX Score of this broker is reduced because of too many complaints!

MT4/5 Identification

MT4/5 Identification

White Label

Server Name
WGMServices-Demo MT4
Server Location United States




Influence index NO.1

Brazil 7.97

Surpassed 72.33% brokers

Biz AreaSearch StatisticsAdvertisingSocial Media Index


+27 212 048 664
17 Midas Avenue, Olympus, Pretoria, Gauteng,0081 South Africa


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Contact number


+27 212 048 664

Broker Information


Company Name

WGM Services Ltd

Company Abbreviation


Platform registered country and region

South Africa

Company website

Pyramid scheme complaint


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Warning: Low score, please stay away!
Previous Detection : 2024-04-22
  • The number of the complaints received by WikiFX have reached 11 for this broker in the past 3 months. Please be aware of the risk and the potential scam!

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Severe Slippage

copy chart

I have detected that invest is making copy chart and is changing as iq option

2023-03-23 06:30

Employee done big fraud with me take all my money

Employee name mr junaid called me and ask in ezinvest company and convince me to deposited amount 200dollar which in deposit on 2/2/2024 after that mr junaid told me to invest 0.5$ in different holding like EURUSD,AUDUSD,EURCHF etc... and after that he can't call me for next 2/3Days when i raise request to withdraw my amount after that some lady call me to cancel your withdrawal i will help u to earn and then she also done same thing as mr junaid did and next 3/4days she also doesn't called me then i decide to leave then after Mr kumar senior manager called me ask me same thing that cancel your withdrawal amount i will definitely help you then i cancel my withdrawal but he talked very rudely just talk point to point and cut phone on 9/2/24 i prepare my mind to widrawal my complete amount and will never trust this company and i raise withdrawal request on 12/02/2024 and i got confirmation mail also but on 13/2/24 mr kumar call me ask to buy 30000/- USDHUF holding i said yes but i didn't do that because i prepare my mind of withdrawal but till now i can't receive my money and they did very big scam with me i m 61years old lady dont mess with me i am giving only one week time give my money back with profit otherwise i will file a case against ezinvest because i have all proof with me can't leave ezinvest

2024-02-25 04:26

Fraud company

Company is totallly bullshit doing fraud with the people they take all my money which in deposited in ezinvest account

2024-02-25 20:28


At first, they asked me for a deposit of 250 dollars so I deposited 200 dollars to start trading I told them that I had no experience so they told me not to worry because they were going to keep an advisor always at my disposal. to tell me when to invest to obtain the supposed profits, I never obtained profits, I always maintained the same capital, so they told me that the FOREIGN EXCHANGE market where they had me investing was very volatile and I was not going to obtain profits, so they told me that I invested in STOCKS to start making big profits because the market was supposedly more stable, they made me invest 2,300 dollars which added to the 200 that I invested at the beginning gave a total of 2,500 dollars of which they told me that the worst thing that could happen to me It was that I would double my investment (2,500 dollars profit) but with the study they had I was going to earn 8,000 dollars or more in 15 days and if I were to lose my money they would return the amount of the investment. I started investing in stocks always following the instructions they told me, who are the market experts. I didn't make any profit, on the contrary, I saw how I was losing my investment little by little. I asked to withdraw $2,300 that I had left as capital but they did not allow me to withdraw it and told me that I would only withdraw the profits when I had them and in the end I lost everything. They left me without a dollar and I want all my money back because they SCAMMED me. They called me yesterday to tell me that if I wanted my money back I had to invest $1,000 to generate profits and recover my investment. They are SCAMMERS and I want my money back.

2024-01-06 13:33
Unable to Withdraw

They don't allow me to make the withdrawal

The platform does not allow me to withdraw my capital. I tried to withdraw my capital after making the deposit but they have me waiting for the withdrawal.

2024-01-18 11:24

DO NOT TRUST, they will take your money.

This broker makes calls to make you invest with them and they offer you false promises and illusions. Red flags: intensity to invest more to "earn" more, manipulation of the account, irresponsibility in attending meetings, lack of professionalism of the "advisors", absurd offers of benefits and credit bonuses, inability to make withdrawals. In my case, at the beginning I deposited $300 two days later I wanted to leave since an investment opportunity had come up, but they wouldn't let me since they had to spend 15 days to make withdrawals. I stayed and had a return of $400, I requested to withdraw $50 and had no problem (I told them I was going to invest more later). The trade they recommend has high risks and, sooner or later, money will be lost. So it was sometime later that I went from $350 to $141.72, so I decided to leave. Of course, they deny me withdrawals. My goal from almost the beginning was to recover my investment (it was never to make profits with them) because the fraudulent contamination in EZINVEST was evident. The staff contacted me and told me on the one hand that I must close operations and request withdrawal (which I have done three times) and on the other, with the "advisor" Laura Castañeda, they told me that I must manage a risky margin of 150% to be able to withdraw money... Absurd. Furthermore, he blames me for my "lack of commitment as a customer." Clear moral: DO NOT trust calls promises or illusions; STUDY broker before making deposits; PREFER brokers that are recognized and endorsed by their prestige and the experiences of their clients. Today I learned, although it cost me $250 to do it. I recognize my mistakes and make the learning my own.

2024-03-02 02:26

    EZINVEST · Company Summary

    EZINVEST Review Summary
    Founded 2013
    Registered Country/Region Cyprus
    Regulation Regulated by CYSEC
    Market Instruments Forex, currency, commodities, indices, stocks, cryptos
    Demo Account Available Unavailable
    Leverage 1:200
    EUR/ USD Spreads 2.7 pips (Silver Retail account)
    Trading Platforms MT4, SIRIX WEBTRADER, and EzInvest Mobile
    Minimum Deposit $250
    Customer Support Phone, email

    What is EZINVEST?

    EZInvest, launched in 2013, is an online trading broker specializing in forex, commodities, and indices. It serves the needs of both retail and corporate traders. With its headquarters in Nicosia, Cyprus, EZInvest provides a wide range of trading instruments and various live trading accounts, each with unique features and minimum deposit requirements.

    EZINVEST's home page

    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. At the end of the article, we will also briefly make a conclusion so that you can understand the broker's characteristics at a glance.

    Pros & Cons

    Pros Cons
    • Regulated by CYSEC • Negative review
    • Account variety • Regional restrictions
    • Demo accounts available
    • MT4 supported
    • Trading tools and educational resources provided

    EZINVEST Alternative Brokers

    There are many alternative brokers to EZINVEST depending on the specific needs and preferences of the trader. Some popular options include:

    • LegacyFX - A leading brokerage firm providing comprehensive trading solutions across a wide range of financial instruments, including forex, stocks, commodities, and indices.

    • Grand Capital – A multi-asset trading platform that provides traders with access to various financial markets, innovative trading technologies, and an extensive range of investment options.

    • Trading 212 – A popular online brokerage platform that offers commission-free trading for a wide range of financial instruments, including stocks, ETFs, forex, and cryptocurrencies.

    Is EZINVEST Safe or Scam?

    EZInvest is owned and operated by WGM Services Limited (Won Global Markets), an authorized and regulated investment firm operating under the authorization of the Cyprus Securities and Exchange Commission (CySEC) with the license number: 203/13.

    regulated by CYSEC

    It is regulated by reputable authorities, has been in operation for several years, and has received positive reviews from many customers. Based on the information available, EZINVEST appears to be a reliable and trustworthy broker.

    However, as with any investment, there is always some level of risk involved, and it is important for traders to do their own research and carefully consider their options before investing.

    Market Instruments

    EZInvest provides a comprehensive range of trading instruments to meet the needs and preferences of traders. Here are the instruments available:

    • Forex:

    EZInvest offers trading in over 190 FX spot pairs, providing access to one of the most dynamic markets globally. Traders can participate in the foreign exchange market and take advantage of the fluctuations in currency exchange rates.

    • Currency:

    Traders can engage in trading various currencies, enabling them to speculate on the movements in currency pairs and take advantage of potential opportunities in the currency market.

    • Commodities:

    EZInvest allows traders to trade popular commodities such as gold, silver, and oil. These markets offer a diverse range of investment opportunities and can be influenced by factors like supply and demand dynamics and geopolitical events.

    • Indices:

    EZInvest provides access to major international stock indices. Traders can speculate on the performance of global stock markets without directly investing in individual stocks. This allows for broader market exposure and the opportunity to diversify trading strategies.

    • Stocks:

    EZInvest offers trading in popular stock CFDs, including well-known companies like Amazon, Alphabet (Google), and Apple. Traders can speculate on the price movements of individual stocks without owning the underlying assets, providing flexibility and opportunities for both bullish and bearish market views.

    • Cryptocurrencies:

    EZInvest offers a growing selection of cryptocurrencies to trade. Traders can take advantage of the popularity and volatility of cryptocurrencies such as Bitcoin, Ethereum, and others. This allows for potential opportunities in the crypto market.

    Market Instruments

    Account Types

    EZInvest offers different types of live trading accounts with distinct features and minimum deposit requirements.

    • Platinum Professional:

    This account type is designed for professional traders and requires a minimum deposit of $99,000. It offers advanced features and benefits tailored to experienced traders, including access to a wider range of trading instruments, dedicated account managers, and personalized support.

    • Platinum Retail:

    The Platinum Retail account is suitable for individual retail traders and also has a minimum deposit requirement of $99,000. It provides various features and benefits similar to the Platinum Professional account, such as a wide range of trading instruments, competitive spreads, and dedicated customer support.

    • Gold Professional:

    This account type targets professional traders and requires a minimum deposit of $25,000. It offers a range of features suitable for experienced traders, including a selection of trading instruments, competitive spreads, and access to advanced trading tools and resources.

    • Gold Retail:

    The Gold Retail account is designed for individual retail traders and has a minimum deposit requirement of $25,000.

    • Silver Retail:

    The Silver Retail account is aimed at individual retail traders and has a lower minimum deposit requirement of $1,000. It offers a more accessible entry point into live trading, providing access to basic features and trading opportunities.

    Account Types

    EZINVEST also provides demo accounts for traders who want to practice and familiarize themselves with the platform before trading with real funds. Demo accounts simulate real market conditions, allowing traders to execute trades using virtual funds.


    EZInvest offers a maximum leverage of 1:200. Leverage allows traders to control larger positions in the market with a smaller amount of capital. For example, with a leverage of 1:200, a trader can control a position up to 200 times the amount of their initial investment. This means that even with a relatively small amount of capital, traders can access larger trading volumes and potentially increase their profits.

    However, it is important to note that while high leverage can amplify potential gains, it also magnifies the risks involved in trading. The higher the leverage, the greater the exposure to market fluctuations, which can result in significant losses. Traders should exercise caution and carefully consider their risk tolerance and trading strategies before utilizing high leverage.

    Spreads & Commissions

    EZInvest offers different spreads and commission structures for its live accounts. Here's a summary of the spreads and commissions for each account type:

    Account Type Spread Commission
    Platinum Professional From 3 pips None
    Platinum Retail From 1.5 pips None
    Gold Professional From 1.5 pips None
    Gold Retail From 0.5 pips $/€/£ 7 per lot traded
    Silver Retail From 0.5 pips $/€/£ 7 per lot traded

    Below is a comparison table about spreads and commissions charged by different brokers:

    Broker EUR/USD Spread Commission
    EZINVEST 0.5 pips (Silver Retail account) $/€/£ 7 per lot
    LegacyFX 0.2 pips None
    Grand Capital 0.0 pips None
    Trading 212 1.2 pips None

    Note: The information presented in this table may be subject to change and it is always recommended to check with the broker's official website for the latest information on spreads and commissions.

    Trading Platforms

    EZInvest offers its clients three trading platforms: MetaTrader 4 (MT4), SIRIX WEBTRADER, and EzInvest Mobile.

    • MetaTrader 4 (MT4):

    - MT4 is a popular and widely-used trading platform in the industry.

    - It provides advanced charting tools, technical analysis indicators, and customizable trading strategies.

    - Traders can access a wide range of financial instruments, including currencies, commodities, CFDs, and indices.

    - MT4 offers expert advisors (EAs) for automated trading and backtesting capabilities.


    - SIRIX WEBTRADER is a browser-based trading platform that allows real-time trading of currencies, commodities, CFDs, and indices.

    - No software download or installation is required, making it convenient for traders to access from any location.

    - The platform features a vibrant social investment network, enabling traders to connect with over 700,000 investors.

    - Social trading functionality allows users to mimic successful strategies of other traders.

    • EzInvest Mobile:

    - EzInvest Mobile is a fully-featured mobile trading app designed for traders on the go.

    - It offers comprehensive charting tools, market news, and access to manage portfolios while away from a desktop or laptop.

    - The app is compatible with both Apple and Android devices, providing flexibility for traders using different mobile platforms.

    - EzInvest Mobile aims to provide an excellent trading experience with easy access to markets and real-time trading capabilities.

    EzInvest Mobile

    See the trading platform comparison table below:

    Broker Trading Platform
    EZINVEST MT4, SIRIX WEBTRADER, and EzInvest Mobile
    LegacyFX Trading software
    Grand Capital iTrade, Webtrade
    Trading 212 Proprietary platform and a Web-based Version

    Trading Tools & Educational Resources

    EZInvest offers a range of trading tools to help their clients make informed trading decisions and enhance their trading experience.

    • Economic Calendar: Stay informed about global trends and events with a free economic calendar.

    • Margin Calculator: Easily calculate the cost of opening a trade with the free margin calculator.

    • Notifications: Get real-time trading notifications to stay on top of market movements in forex, commodities, stocks, and indices.

    Trading Tools
    • Trading Glossary: Enhance your trading knowledge with a comprehensive glossary of financial terms and vocabulary.

    • Web TV: Watch live broadcasts hosted by experienced analysts, covering topics such as forex, currencies, indices, and commodities.

    Educational Resources

    Deposits & Withdrawals

    EZInvest provides its clients with a range of convenient deposit and withdrawal methods to facilitate seamless funding and access to their trading accounts.

    • Bank Transfer:

    This method allows you to transfer funds directly from your bank account to your EZInvest trading account. It offers a secure and reliable way to deposit larger amounts of money.

    • Credit/Debit Cards:

    EZInvest accepts major credit and debit cards, providing a quick and convenient way to fund your trading account. By simply entering your card details, you can deposit funds instantly and start trading right away.

    • Online Cards:

    In addition to traditional credit/debit cards, EZInvest supports virtual prepaid cards and various online payment platforms. These online cards offer an added layer of security and allow for hassle-free deposits.

    • eWallets:

    EZInvest provides support for a selection of popular electronic payment methods, commonly known as eWallets. These platforms offer secure and swift transactions, making it easier to fund your trading account.

    Deposits & Withdrawals

    EZINVEST minimum deposit vs other brokers

    EZINVEST Most other
    Minimum Deposit $250 $100

    User Exposure on WikiFX

    On our website, you can see a report of severe slippage. Traders are encouraged to carefully review the available information and consider the risks associated with trading on an unregulated platform. 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.

    User Exposure on WikiFX

    Customer Service

    Customers can visit their office or get in touch with customer service line using the information provided below:

    Telephone: +357 25 123 281


    Address: Ellinas House 5th Floor, 85 Limassol Avenue, Aglantzia 2121, Nicosia, Cyprus

    Moreover, clients could get in touch with this broker through the social media, such as Twitter, Facebook, Instagram and YouTube.





    Whats more, EZINVEST provides a Frequently Asked Questions (FAQ) section on their website to assist their clients with commonly asked questions and provide relevant information. The FAQ section aims to address common queries and concerns that investors may have regarding the company's services, processes, and investment opportunities. By offering this resource, EZINVEST aims to provide transparency and clarity to their clients, helping them make informed decision.

    FAQ page

    EZINVESToffers online messaging as part of their trading platform. This allows traders to communicate with customer support or other traders directly through the platform. Online messaging can be a convenient way to get real-time assistance or to engage in discussions with fellow traders.

    online messaging


    In conclusion, EZInvest is a reputable online trading broker offers a wide range of trading instruments. EZInvest caters to the needs of both retail and corporate traders, providing them with various live trading accounts and maximum leverage of 1:200. It regulated investment firm under CySEC.

    It is important for traders to note that, as with any investment, there are risks involved in trading, and past performance is not necessarily indicative of future results. Therefore, it is crucial for traders to conduct their own research, educate themselves about the markets, and seek professional advice when necessary.

    Frequently Asked Questions (FAQs)

    Q 1: Is EZINVEST regulated?
    A 1: Yes. It is regulated by CYSEC.
    Q 2: How can I contact the customer support team at EZINVEST?
    A 2: You can contact via telephone, +357 25 123 281 and email,
    Q 3: Does EZINVEST offer demo accounts?
    A 3: Yes.
    Q 4: Does EZINVEST offer the industry leading MT4 & MT5?
    A 4: Yes. It offers MT4, SIRIX WEBTRADER, and EzInvest Mobile.
    Q 5: What is the minimum deposit for EZINVEST?
    A 5: The minimum initial deposit to open an account is $250.
    Q 6: Is EZINVEST a good broker for beginners?
    A 6: Yes. It is a good choice for beginners because it is regulated well and offers various trading instruments with competitive trading conditions on the leading MT4 and other platforms. Also, it offers demo accounts that allow traders to practice trading without risking any real money.
    Q 7: At EZINVEST, are there any regional restrictions for traders?
    A 7: Yes. The information and services contained not intended for residents of the United States or Canada or the United Kingdom.

    Risk Warning

    Online trading involves significant risk, and you may lose all of 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 provided in this review may be subject to change due to the constant updating of the company's services and policies.

    In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then. Therefore, readers are advised to always verify updated information directly with the company before making any decision or taking any action. Responsibility for the use of the information provided in this review rests solely with the reader.


    Another Forex Fraud

    ExposureAnother Forex Fraud

    2024-03-04 15:38

    The only way to protect yourself from forex scams is to be alert. As an investor, you must be vigilant and up-to-date about what is happening in the forex industry. In this article, we will tell you about the sad story of a user who eventually became a victim. The victim filed a complaint on WiKiFX against EZINVEST Broker on February 29, 2024.

    2024-03-04 15:38
    Another Forex Fraud

    User Reviews

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    Write a review

    more than one year
    People leaving these negative reviews here are definitively scammers,phishing disappointed and desperate traders. Don't email or call them. Itmay be very dangerous. This broker is not a scam, it's regulated by CYSEC.I have more than an year trading with them. I discovered them during the lockdownand in my opinion, they are really decent and professional
    2024-03-14 12:13
    more than one year
    EZInvest may be a smaller Forex Broker, but they certainly paack a punch when it comes to liquidity. I've been trading with them for a while noww, and the execution speed and market access are fantastic. It's great to have a broker that caters to traders of all sizes and provides such reliable trading conditicons
    2024-03-14 12:12
    Shivam Vadher
    more than one year
    To the people who may think this company is an option it is definitely not an option to you I have lost a lot of money to this company I am a membper of the FORCES and have felt upset and depressed at times for what they have done to me they made me risk 20k recklessly and made me ask for 8.7k from my parerhts in which I now owe and I was left with only 2k for myself which was not right the narme was LEID who I lost this to. Do not join this company when I wanted to leave they saidd is that what you want to do run of with your money I rather have lost 400 pounds instead the amount lost. Learn by our mistake not your own
    2024-03-14 12:10
    ahmed abdel fattah
    more than one year
    Very very bad broker they steal your money, they are thief's they confess you that they will give you big bonus then they will take everything in your aaccount I have evidence pictures and they told me that they recorded everything
    2024-03-14 12:03
    Kumaran Baya Subramanian
    more than one year
    These guys are cheaters, initially they will tell that you will get more profit and each customer will have one portfolio manager and as per his guidance you can invest and get more profit, but actually these guys are money eaters... request people dont get involved on this.... they are money eaters...
    2024-03-14 12:00
    This broker is a good broker. Very reliable, with reliable LPs providing excellent liquidity I am using This broker is another excellent broker. and has just started conducting business in the Thai market
    2023-12-13 19:12
    Hello people: Brokerage that deceives people and keeps their money. They create taxes to dilute their profits and when they want to withdraw, they do not do so. CAREFUL!!!!!!! It is safer to play Russian roulette. Here in Brazil they got tired of deceiving people with false promises. Their characteristic is to recommend operations that are bad and ask to put in more money. Unfortunately I recommended a friend who also lost everything. They say they are an English company, but it is a LIE. I have already filed a complaint with the Cysec of Cyprus, with the Brazilian Police, I recommend that they do the same, these scammers have to go down and the employees who work are all complicit, yesterday they made my account go down and on top of that the operator was laughing at me. SCAMMERS BEWARE.
    2023-09-06 06:23
    more than one year
    Occasionally found this broker when I was surfing on the internet and their page mention of free forex signals so I decided to sign up and try them. This is the best broker ever. I am trading with them for one year, having nothing to complain. Their services are perfectly good and they also provide free profitable signals.
    2023-03-20 17:34
    Gabo Ramirez
    more than one year
    I've been doing very well so far.
    2023-03-20 13:00
    more than one year
    I signed up for a silver account before and I feel good so far, I'm thinking of upgrading my account for better trading conditions!
    2022-12-16 16:36
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