Global Broker Regulation & Inquiry App

Score

0123456789
.
0123456789
0123456789
/10
The WikiFX Score of this broker is reduced because of too many complaints!

WZG

Hong Kong|2-5 years|
Type AA License|White label MT4|Regional Brokers|High potential risk|

https://en.wzg.com

Website

Rating Index

MT4/5 Identification

MT4/5 Identification

White Label

4
Server Name
WZGoldGroupCompany-Demo MT4
Server Location China

Contact

+852 2388 9560
support@wzg.com
https://en.wzg.com
香港荃湾杨屋道8号如心广场2期2601-02室
The WikiFX Score of this broker is reduced because of too many complaints!

Licenses

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

Single Core

1G

40G

Open Now

Contact number

Chinese (Simplified)

+852 2388 9560

Other ways of contact

Broker Information

More

Company Name

万洲金业集团有限公司

Abbreviation

WZG

Platform registered country and region

Hong Kong

Company website

Pyramid scheme complaint

Expose

Check whenever you want

Download App for complete information

WikiFX Risk Alerts
Previous Detection : 2024-07-24
  • The number of the complaints received by WikiFX have reached 23 for this broker in the past 3 months. Please be aware of the risk and the potential scam!

WikiFX Verification

WZG · WikiFX Survey

Users who viewed WZG also viewed..

XM

9.04
Score
10-15 yearsRegulated in AustraliaMarket Making(MM)MT4 Full License
Official website

ATFX

8.50
Score
5-10 yearsRegulated in AustraliaMarket Making(MM)MT4 Full License
Official website

Decode Global

8.36
Score
5-10 yearsRegulated in AustraliaMarket Making(MM)MT4 Full License
Official website

FBS

8.76
Score
5-10 yearsRegulated in AustraliaMarket Making(MM)MT4 Full License
Official website

WZG · Company Summary

Information Details
Company Name Wan Zhou Gold Group Limited or WZG
Years of Establishment 1-2 years
Headquarters Hong Kong
Office Locations Room 2601-02, Phase 2, Nina Plaza, 8 Yang Uk Road, Tsuen Wan, Hong Kong
Regulation/License Chinese Gold & Silver Exchange Society
Tradable Assets London Gold, London Silver
Account Types N/A
Deposit/Withdrawal N/A
Trading Platforms MT4, MT5
Customer Support Contact Number, Email, Live Chat
Educational Content News, newsletter, financial reviews, encyclopedia, exchange rates, help chat

Overview of WZG

Wan Zhou Gold Group Limited (WZG) is a recently established company headquartered in Hong Kong. Regulated by the Chinese Gold & Silver Exchange Society, they specialize in the trading of London Gold and London Silver. WZG provides a secure and regulated platform for individuals interested in investing in precious metals. They offer popular trading platforms like MT4 and MT5, enabling clients to execute trades efficiently and access real-time market data.

WZG has several channels of customer support, offering various communication channels such as a contact number, email, and live chat. Additionally, they provide educational resources including news updates, newsletters, financial reviews, an encyclopedia, exchange rates, and a help chat feature.

Regulation

Wan Zhou Gold Group Limited (WZG) operates under offshore regulation, specifically regulated by the Chinese Gold & Silver Exchange Society. The company holds a Type AA License with license number 141. This license indicates that WZG has met the regulatory requirements set by the Chinese Gold & Silver Exchange Society for offshore trading activities. Operating under offshore regulation means that WZG is subject to the rules and oversight of a jurisdiction outside of the traditional onshore regulatory framework. It is important to note that offshore regulation may offer certain benefits such as potential operational flexibility and tax advantages. However, it also presents certain risks and considerations for investors.

One of the risks associated with offshore regulation is the potential for reduced investor protection compared to more stringent onshore regulatory regimes. Offshore jurisdictions may have different standards and levels of oversight, potentially resulting in lower transparency, limited regulatory enforcement capabilities, and reduced recourse in case of disputes.

regulation

Pros and Cons

Wan Zhou Gold Group Limited (WZG) offers several advantages for investors interested in precious metal trading. Firstly, being regulated by the Chinese Gold & Silver Exchange Society provides a level of oversight and regulatory compliance. Additionally, WZG specializes in trading London Gold and London Silver, providing a focused and specialized trading experience. Their utilization of popular trading platforms like MT4 and MT5 offers users a familiar and efficient trading environment. Furthermore, WZG prioritizes customer support, offering multiple channels of communication, including a contact number, email, and live chat.

There are potential drawbacks and considerations when it comes to Wan Zhou Gold Group Limited (WZG). One concern is the current status of their offshore regulation license. This lack of transparency and implications of an offshore regulation license can present uncertainty and potential risks for investors. Additionally, operating under offshore regulation may entail reduced investor protection compared to more stringent onshore regulatory frameworks. This raises concerns about potential risks associated with fraud, financial misconduct, or inadequate dispute resolution mechanisms. Moreover, the offshore regulatory environment may differ from onshore jurisdictions, leading to potential challenges in terms of legal recourse and cross-border regulatory cooperation.

Pros Cons
Regulated by CGSE Limited information about the financial acount specifics
Specializes in London Gold and Silver Potential reduced investor protection under offshore regulation
Utilizes popular trading platforms (MT4/MT5) Uncertainty regarding the company's compliance and transparency
Multiple customer support channels
pros

Market Instruments

Wan Zhou Gold Group Limited (WZG) specializes in the trading of two market instruments: London Gold and London Silver. London Gold refers to gold traded in the London Bullion Market, where international banks and bullion dealers facilitate over-the-counter transactions. London Silver represents the trading of silver in the same market, which is one of the largest global markets for precious metals. These instruments allow investors to participate in the price movements and fluctuations of gold and silver, which serve as popular investment options.

Broker Market Instruments
WZG London Gold, London Silver
FXPro Forex, Indices, Commodities, Stocks
IC Markets Forex, Commodities, Indices, Stocks
FBS Forex, Metals, Indices, Energies
Exness Forex, Metals, Indices, Energies
products

Lack of Information/Ambiguous Website

The provided information about Wan Zhou Gold Group Limited (WZG) lacks details regarding account types, minimum deposit, leverage, spread, and deposit/withdrawal methods. The absence of this crucial information on the company's website can raise concerns regarding the clarity and transparency of their services.

The lack of clarity surrounding account types and minimum deposit amounts leaves investors in the dark about the options available to them and the financial commitment required to engage with WZG. Similarly, without information on leverage and spread, traders are unable to evaluate the trading conditions and understand the potential costs and risk exposure involved in their trades.

Furthermore, the absence of details regarding deposit and withdrawal methods can hinder potential clients' ability to assess the ease and convenience of funding their trading accounts or accessing their funds. Transparent and varied payment options are typically considered essential for brokerage firms.

Overall, the lack of information on account types, minimum deposit, leverage, spread, and deposit/withdrawal methods on WZG's website can raise questions about the company's transparency, credibility, and commitment to providing clear and comprehensive information to its clients.

Country Locked Account Creation

Wan Zhou Gold Group Limited (WZG) lacks account creation options for users outside of China or Hong Kong. This limitation can pose challenges for individuals who reside in other regions and are interested in trading with WZG. The inability to create accounts from outside China or Hong Kong restricts access to the services and opportunities offered by the company, potentially limiting the potential client base and market reach.

The lack of account creation options for users outside of China or Hong Kong may impact the clarity and reputation of the company. It may give the impression that WZG primarily caters to a specific geographical region rather than offering their services globally. This limitation may also raise questions about the company's international presence and ability to accommodate clients from diverse backgrounds.

open-account

How to Create an Account?

  1. Navigate to the homepage and find the “open an account” button which can be found on the right side of the screen.

open-account

2. Pick whether the user is within Mainland China or Hong Kong.

3. Enter a valid phone number and enter the sent verification code in the prompted box, then press the “Next step” button below

open-account

4. Set a login username and password and verify the account.

Trading Platforms

Wan Zhou Gold Group Limited (WZG) provides access to two popular trading platforms: MT4 and MT5. MetaTrader 4 (MT4) is a widely recognized and highly regarded trading platform known for its interface, extensive charting capabilities, and automated trading features. MetaTrader 5 (MT5) is an upgraded version of MT4, offering additional features such as more advanced analytical tools, additional order types, and improved performance. Both platforms are widely used by traders around the world and provide a robust trading environment for executing trades, analyzing market data, and managing positions.

Broker Trading Platforms
WZG MT4, MT5
FXTM MT4, MT5
Exness MT4, MT5, Exness Web Terminal
Pepperstone MT4, MT5, cTrader
FP Markets MT4, MT5, IRESS
trading-platform

Customer Support Options

WZG offers customer support options through 4 different avenues for clients to receive the assistance they need. Whether it's through the contact number for direct communication, email for more detailed inquiries, fax, or live chat for real-time support, WZG provides responsive and accessible customer service to address client needs effectively.

  1. Contact Number: Clients can reach Wan Zhou Gold Group Limited (WZG) customer support by dialing +852 2388 9560. This contact number allows direct communication with the company's support team, providing a convenient and immediate means of assistance.

  2. Email: Users can also get in touch with WZG's customer support by sending an email to support@wzg.com. Email communication enables clients to describe their inquiries or concerns in detail and receive responses within a reasonable timeframe.

  3. Fax: +852 2388 0789

  4. Live Chat: WZG offers a live chat feature, allowing clients to engage in real-time text-based conversations with customer support representatives. Live chat provides a quick and efficient way to address immediate questions or seek assistance during active trading sessions.

customer-support

Customer Feedback

There is a significant number of negative reviews and complaints regarding Wan Zhou Gold Group Limited (WZG). Some customers have expressed concerns about their experiences with the company, alleging fraudulent practices, frozen accounts, difficulties with withdrawals, and poor customer service. They claim to have experienced financial losses, encountered problems with fund withdrawals, and faced challenges in communication with customer support. These reviews highlight issues related to account freezing, unresponsive customer service, failed withdrawals, and allegations of fraudulent behavior. It is important to consider and investigate these customer feedback reports when evaluating the reputation and reliability of WZG as a trading platform.

Educational Content

WZG provide clients with a understanding of the precious metals market, trading strategies, and relevant market dynamics through news updates, newsletters, financial reviews, an encyclopedia, exchange rates, and help chat.

  1. News Updates: Wan Zhou Gold Group Limited (WZG) provides news updates to keep clients informed about the latest developments in the precious metals market. These updates aim to provide relevant and timely information that may impact trading decisions.

  2. Newsletters: WZG offers newsletters that deliver comprehensive insights and analysis on market trends, industry updates, and potential trading opportunities. Newsletters provide a structured and regular communication channel to keep clients informed about the dynamics of the precious metals market.

  3. Financial Reviews: WZG provides financial reviews that offer in-depth analysis of economic indicators, market trends, and other factors affecting the precious metals industry. These reviews aim to enhance clients' understanding of the broader financial landscape and its impact on their trading activities.

  4. Encyclopedia: WZG offers an encyclopedia that serves as a comprehensive resource for clients seeking detailed information about precious metals, trading terminology, market concepts, and related topics. The encyclopedia aims to empower clients with knowledge to make informed trading decisions.

  5. Exchange Rates: WZG provides exchange rate information, enabling clients to stay updated on the currency exchange rates relevant to their trading activities. This information assists traders in monitoring potential currency-related impacts on the precious metals market.

  6. Help Chat: WZG offers a help chat feature that allows clients to engage in real-time conversations with support representatives. This feature provides a platform for clients to seek assistance, ask questions, and receive guidance on various aspects of trading and using the company's services.

educational-resources

Conclusion

Wan Zhou Gold Group Limited (WZG) is a recently established company based in Hong Kong, specializing in the trading of London Gold and London Silver. The company operates under the regulation of the Chinese Gold & Silver Exchange Society, ensuring adherence to industry standards and providing a secure platform for investors interested in precious metals.

WZG offers the trading platforms MT4 and MT5, equipped with advanced charting tools for real-time market analysis. Customer support is a priority for WZG, offering multiple communication channels such as a contact number, email, and live chat to address client inquiries promptly. In addition, WZG provides a comprehensive range of educational resources, including news updates, newsletters, financial views, an encyclopedia, exchange rates, and a help chat feature, aimed at helping clients with market insights and knowledge.

FAQs

Q: What is Wan Zhou Gold Group Limited (WZG) known for?

A: WZG specializes in trading London Gold and London Silver.

Q: Who regulates Wan Zhou Gold Group Limited (WZG)?

A: WZG is regulated by the Chinese Gold & Silver Exchange Society.

Q: What trading platforms are available at WZG?

A: WZG offers the popular trading platforms MT4 and MT5.

Q: How can clients reach customer support at WZG?

A: Clients can contact WZG's customer support through a contact number, email, and live chat.

Q: What types of educational content does WZG provide?

A: WZG offers news updates, newsletters, financial reviews, an encyclopedia, exchange rates, and a help chat feature as part of its educational content.

Q: Is there information available about the account types and minimum deposit at WZG?

A: No, specific details about account types and minimum deposit are not provided.

Review 23

23 Comments
Write a comment
All(23) Latest Exposure(23)
Scroll down to view more
Write a comment
TOP

Chrome

Chrome extension

Global Forex Broker Regulatory Inquiry

Browse the forex broker websites and identify the legit and fraud brokers accurately

Install Now

Select Country/Region
  • Hong Kong China

  • Taiwan

    tw.wikifx.com

  • United States

    us.wikifx.com

  • South Korea

    kr.wikifx.com

  • United Kingdom

    uk.wikifx.com

  • Japan

    jp.wikifx.com

  • Indonesia

    id.wikifx.com

  • Vietnam

    vn.wikifx.com

  • Australia

    au.wikifx.com

  • Singapore

    sg.wikifx.com

  • Thailand

    th.wikifx.com

  • Cyprus

    cy.wikifx.com

  • Germany

    de.wikifx.com

  • Russia

    ru.wikifx.com

  • Philippines

    ph.wikifx.com

  • New Zealand

    nz.wikifx.com

  • Ukraine

    ua.wikifx.com

  • India

    in.wikifx.com

  • France

    fr.wikifx.com

  • Spain

    es.wikifx.com

  • Portugal

    pt.wikifx.com

  • Malaysia

    my.wikifx.com

  • Nigeria

    ng.wikifx.com

  • Cambodia

    kh.wikifx.com

  • Italy

    it.wikifx.com

  • South Africa

    za.wikifx.com

  • Turkey

    tr.wikifx.com

  • Netherlands

    nl.wikifx.com

  • United Arab Emirates

    ae.wikifx.com

  • Colombia

    co.wikifx.com

  • Argentina

    ar.wikifx.com

  • Belarus

    by.wikifx.com

  • Ecuador

    ec.wikifx.com

  • Egypt

    eg.wikifx.com

  • Kazakhstan

    kz.wikifx.com

  • Morocco

    ma.wikifx.com

  • Mexico

    mx.wikifx.com

  • Peru

    pe.wikifx.com

  • Pakistan

    pk.wikifx.com

  • Tunisia

    tn.wikifx.com

  • Venezuela

    ve.wikifx.com

United States
※ The content of this website abides with local laws and regulations.
You are visiting the WikiFX website. WikiFX Internet and its mobile products are an enterprise information searching tool for global users. When using WikiFX products, users should consciously abide by the relevant laws and regulations of the country and region where they are located.
consumer hotline:006531290538
Official Email:support@wikifx.com;
Mobile Phone Number:234 706 777 7762;61 449895363
Telegram:+60 103342306
Whatsapp:+852-6613 1970;
License or other information error corrections, please send the information to:qawikifx@gmail.com
Cooperation:fxeyevip@gmail.com