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Score

7.97 /10
Good

CWG Markets

United Kingdom

2-5 years

Regulated in United Kingdom

Market Making(MM)

MT4/5 full license

Regional Brokers

Medium potential risk

Offshore Regulatory

A
C

Add brokers

Comparison

Quantity 6

Exposure

Open Account
Website

Score

License Index 8.15
Business Index 6.83
Risk Management Index 8.22
Software Index 8.08
Regulatory Index 8.12
The WikiFX Score of this broker is reduced because of too many complaints!
Open Account
Website

Licenses

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

Single Core

1G

40G

open now

Regulatory disclosure

Warning

ID BAPPEBTI
2022-02-02
Ministry of Trade Blocks 1,222 Illegal Commodity Futures Trading Websites
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Contact number

English

+44 (0)20 3947 1777

Broker Information

More

Check whenever you want

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WikiFX Risk Alerts 2
Previous Detection : 2023-05-31
  • The VanuatuVFSC regulation with license number: 41694 is an offshore regulation. Please be aware of the risk!
  • The number of the complaints received by WikiFX have reached 5 for this broker in the past 3 months. Please be aware of the risk!

WikiFX Verification

CWG Markets · Benchmark
Average transaction speed(ms)
808.4 Poor
The highest transaction speed(ms)
328 Poor
The highest speed of opening positions(ms)
375 Poor
The highest speed of closing position(ms)
328
The lowest speed of opening positions(ms)
1986 Poor
The lowest speed of closing position(ms)
1875
Ranking: 59 / 121
Test user 462
Transactions 8,644
Ocuppied margin $5,213,642 USD
Data Source WikiFX Data provide
Updated: 2023-05-29 01:05:00
Pyramid scheme complaint
Expose

Total Margin Trend

  • VPS Region
  • User
  • Products
  • Closing time
  • Singapore
  • 650***
  • XAUUSD.s
  • 05-30 20:21:46
  • Tokyo
  • 204***
  • EURUSD.s
  • 05-30 19:00:01
  • HoChiMinh
  • 156***
  • EURUSD.s
  • 05-30 19:00:01

Stop Out

1.03%

Stop Out Symbol Distribution

6 months

Sources
CWG Markets · Company summary
Registered in United Kingdom
Regulated by FCA, VFSC
Year(s) of establishment 2-5 years
Trading instruments Foreign exchange, precious metals, crude oil, global hot stocks, stock indexes, futures, spots and other CFDs
Minimum Initial Deposit $50
Maximum Leverage 1:100
Minimum spread 0.0 pips onwards
Trading platform MT4, MT5
Deposit and withdrawal method Bank wire transfer, skrill and neteller
Customer Service Email/phone number/address/live chat
Fraud Complaints Exposure Yes

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.

información general

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.

account types

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

trading platform

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.

deposit and withdrawal

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.

users' exposure

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.

News

Is cwgmarkets.com scam or good forex broker?

NewsIs cwgmarkets.com scam or good forex broker?

2021-12-15 23:20

CWG Markets is a London-based broker that offers retail clients a choice of two account types, as well as MAM & PAMM. There is also an account designated for institutional clients.

WikiFX
2021-12-15 23:20
News
Is cwgmarkets.com scam or good forex broker?

User Reviews

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User comment

16

Comments

Write a review

FX2465442156
more than one year
five stars
2023-04-14 15:27
Reply
0
0
﹏木
more than one year
CWG Markets is a complete scam and I really don't know why it is still regulated by the FCA. The money I was cheated was not a lot, but it was enough for me to learn a lesson!
2023-02-20 09:53
Reply
0
0
好名字可以让你的朋友更容易记住你
more than one year
What's the matter, really! A while ago, my friends were discussing this platform, saying that they have benefited a lot from it, and I also said that I would try it if I had the chance, but now I can’t even open the website. I sent an email to ask their customer service personnel, and they said that the website is under maintenance, let me wait! Who knows what's going on?
2022-12-15 09:46
Reply
0
0
maria7651
6-12months
I can't widraw
2022-11-14 05:15
Reply
0
0
maria7651
6-12months
please help me I'm new member
2022-11-14 05:13
Reply
0
0
Joe. Adam
6-12months
hi the no deposit bonus available still??
2022-10-06 12:17
Reply
0
0
Abbass
6-12months
hope it will work
2022-10-04 19:38
Reply
1
1
Mon TheaRa
6-12months
bsbce
2022-10-04 01:38
Reply
0
0
Mon TheaRa
6-12months
Name:855967823534 Account:V129016221003848 Bank name:UAB Paytend Europe Note:Your account can only receive funds transferred from your Paytend account. Please upgrade your account to use more services.
2022-10-04 01:26
Reply
0
0
malik962
6-12months
good
2022-10-03 03:54
Reply
0
0
progress
6-12months
who??🙏🙏🙏🙏🙏🙏😞😔
2022-10-01 13:15
Reply
0
1
progress
6-12months
who will help two no more about the app
2022-10-01 13:14
Reply
0
1
chizzy1142
6-12months
who will help to no more about the app
2022-10-01 07:16
Reply
0
3
sunny 9916
6-12months
five stars
2022-10-01 00:41
Reply
0
1
Zafar
6-12months
Uzair
2022-09-30 18:34
Reply
0
1
Zafar
6-12months
working
2022-09-30 18:29
Reply
0
3
6
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