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CWG Markets Ltd
1276, Govant Building, Kumul Highway, PORT VILA, VANUATU
The VanuatuVFSC regulatory with license number: 41694 is an offshore regulatory, please be aware of the risk!
Average transaction speed（Millisecond） 450.1
The fastest transaction speed（Millisecond） 252
The fastest transaction speed [open]（Millisecond） 343
The fastest transaction speed [close]（Millisecond） 252
Slowest transaction speed（Millisecond） 1327
Slowest transaction speed [open]（Millisecond） 1156
Slowest transaction speed [close]（Millisecond） 1327
Average disconnection frequency（times/day） Perfect 0.3
Average reconnection time（Millisecond） 15
XAUUSD Good 36.71USD/lot
Average trading slippage Poor 3.7
Maximum transaction slippage 25
Maximum transaction slippage [Long] -1
Maximum transaction slippage [Short] 25
Scam! Ripped off all profits and unable to withdraw remaining balance
I have been using this forex broker for past 1.5 years, since July 2020 and have made 2 successful partial withdrawals and 2 deposits to continue trading. There have been accumulated profits over the years. However, when I tried making a partial withdrawal during in January 2022, CWG has suddenly informed that my profits are in violation of company policies and confiscated more than 2/3 from my account. I have been trading in the same way for 1.5 years and suddenly CWG decided to take all the profits and deemed it in violation of the company policies. Till now, they wouldn't want to return the confiscated profits, and hold me hostage for not approving the withdrawal request I've made on balance funds in my account because they froze it. Really unbelievable. Beware of this company. Not sure what is happening, they were great to trade with and withdrawals were easy. But now, not so great anymore.
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The Financial Conduct Authority (FCA) is a financial regulatory body in the United Kingdom, but operates independently of the UK Government, and is financed by charging fees to members of the financial services industry. On 19 December 2012, the Financial Services Act 2012 received royal assent, and it came into force on 1 April 2013. The Act created a new regulatory framework for financial services and abolished the Financial Services Authority. The FCA regulates financial firms providing services to consumers and maintains the integrity of the financial markets in the United Kingdom. It focuses on the regulation of conduct by both retail and wholesale financial services firms.
License Type:Market Making(MM)
Regulated in Country/AreaUnited Kingdom
Regulatory License No.：785129
Email Address of Licensed Institution :firstname.lastname@example.org
License Type:No Sharing
Website of Licensed Institution :
Expiry Date :--
Address of Licensed Institution :76 Cannon Street 3rd Floor London EC4N 6AE UNITED KINGDOM
Phone Number of Licensed Institution :442039471777
The Vanuatu Financial Services Commission (VFSC) was formally established in December 1993, after the Vanuatu Parliament enacted the Vanuatu Financial Services Commission Act No. 35 of 1993. Previous to this, the VFSC was the Registrar of Companies and the Official Receivership Department of the Treasury since 1971 under the then, British Administration and after independence in July 1980, the Ministry of Finance and Economic Management. The VFSC has set up four departments, namely Corporate Services, Legal Enforcement & Insolvency, Supervision and Registration.
Current Status:Offshore Regulatory
License Type:Retail Forex License
Regulated in Country/AreaVanuatu
Regulatory License No.：41694
You can check the real-time processing progress in 'User Center-My Release-Ponzi Scheme'
General Information & Regulation of CWG Markets
CWG Markets is the trading name of CWG Group of companies, a forex and CFDs broker founded in 2017, providing global traders with a series of tradable instruments including forex, stocks, precious metals, indices, futures, and other financial derivatives. CWG Markets Ltd(UK), which is registered in England and Wales with company number 08888720. It is an investment firm fully authorised and regulated by the Financial Conduct Authority (FCA), under the firm reference number FRN 785129. CWG Markets Ltd(VU), authorized and regulated by the Vanuatu Financial Services Commission (VFSC), with registration no. 41694. and the address is 1276, Govant Building, Kumul Highway, PORT VILA, VANUATU.It is a licensed financial dealer authorized to carry on the business of dealing in securities.
Investors can trade popular and mainstream financial tradable instruments in the global financial market, including Forex, Precious Metals, Indices, Commodity Futures, Spot Energy CFD, Stock CFD, etc.
Minimum Deposit of CWG Markets
There are four accout types on offer on CMG Markets platform, namely Instant, Classic, Advanced and Institution accounts. The minimum deposit requirements for open an live account is $10, which sounds, actually, reasonable for most regular traders to get started.
Leverage of CWG Markets
When it comes to tarding leverage, CMG Markets set up different leverage ration for different accounts. The maximum leverage for the Instant account is up to 1:1000, incredably high, the classic and the advanced account leverage up to 1:400 high, lastly, maximum leverage for the institutional account up to 1:100. Please keep in mind that using leverage can magnify returns but also risks sometimes, and new traders are advised to avoid high leverage.
Spreads & Commissions of CWG Markets
The spread of instant accounts is 1.5 pips, and the commission is $0 per unilateral trading. The spread of classic accounts is 1.0 pips, and the commission is $0 per unilateral trading. The spread of advanced accounts is 0 pips, and the commission is $3 per unilateral trading. The spread of institutional accounts is 0 pips, and the commission is USD 1.5 per unilateral trading.
Trading Platform of CWG Markets
The trading platforms applied by CMG Markets are MT4, MT5, MAM/PAMM, and API Trader. Metatrader4 is a popular trading platform among experienced traders. Its customizability and automated trading can help investors complete trading in a few seconds and obtain different currencies in real-time. Market quotations and other financial commodity information, technical analysis of the price trend of financial commodities are carried out to make more reliable choices. Metatrader 5 is the preferred platform for advanced traders, and a large amount of information is displayed in one window. This information can be defined by a wide range of users, the window can be organized to suit the needs of traders and changed on the interface; it can also display a wide range of coverage and technical indicators selection. The PAMM/MAM software is designed for asset management companies using the MetaTrader platform. All escrow accounts can be traded through a MetaTrader client application. MAM is integrated into the MetaTrader server to maintain maximum reliability and high execution speed. Using APIs for trading allows you to directly access the CWG ecosystem, providing you with faster order execution and more control, thereby enhancing the trading experience.
Deposit & Withdrawal
The company supports VISA/MasterCard, NETELLER, SKRILL, UnionPay, wire transfer, Helpay, and no handling fee is charged for deposits and withdrawals. CWG valid customers are exempt from handling fees for the first withdrawal each month, and the company deducts USD 5 handling fees for each subsequent withdrawal. If the customer uses the wire transfer to withdraw money, if the withdrawal amount is less than 500 US dollars, the company will deduct 25 US dollars for each trading.
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