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 regulations of CWG Markets
CWG Markets is an online forex broker registered in United Kingdom and well regulated by FCA and VFSC.
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 summarize the main advantages and disadvantages so that you can understand the broker's characteristics at a glance.
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.
Spreads and commissions for trading with CWG Markets
In the case of CWG Markets, spreads and commissions depend on the instrument and the account. Let's take an advanced account as an example. Minimum spreads are about 0.0 pips and commission is $3 per side.
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.
Trading platforms offered by CWG Markets
As for trading platforms, clients can choose between the market leaders MetaTrader4 and MetaTrader5, which can be accessed from many devices.
However, have you ever wondered or are you wondering which platform you should use？ Our team has the corresponding article for your reference. The article details the similarities and differences between the two and gives specific advice.
https://www.wikifx.com/es/wikishow/202207208464173722.html
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.
Educational resources
A series of educational resources is available at CWG Markets, such as glossary and economic calendar.
Customer support of CWG Markets
Below are the details about the customer service.
Language(s): English,
Service Hours:
Email:
Phone Number:
Address:
Social media: Facebook, Instagram, LinkedIn, YouTube, 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.
Advantages and disadvantages of CWG Markets
Advantages:
Well regulated
MT4, MT5
Sufficient information
Educational resources
Many instruments available
Demo account
Disadvantages:
Relatively low leverage
Complaints
Few deposit and withdrawal methods and withdrawal fees
No copy trading
Frequent asked questions about CWG Markets
Is this broker well regulated？
Yes, it is currently effectively regulated by FCA and VFSC.
How much leverage does this broker offer？
The maximum leverage of CWG Markets is 1:100. Please note that this leverage may only be available for some accounts and products. Please consult our articles or the dealer's website for specific information.
