Score
WZG
Hong Kong|2-5 years| https://www.wzroup.com/
Website
Rating Index
MT4/5 Identification
MT4/5 Identification
Full License
ChinaContact
Licenses
Licensed Institution：萬洲金業集團有限公司
License No.：141
Single Core
1G
40G
1M*ADSL
- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
Basic information
Hong Kong
2-5 years Suspicious Regulatory License MT5 Full License White label MT4 Regional Brokers High potential risk
Formal full license MT4/5 traders will have sound system services and follow-up technical support. Generally, their business and technology are relatively mature and their risk control capabilities are strong
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Website
wzroup.com
Server Location
Hong Kong
Website Domain Name
wzroup.com
Server IP
8.218.94.102
Company Summary
| WZG Review Summary | |
| Founded | 2022-06-28 |
| Registered Country/Region | Hong Kong |
| Regulation | Suspicious Clone |
| Market Instruments | London gold/London silver |
| Demo Account | ❌ |
| Leverage | / |
| Spread | $20 per lot |
| Trading Platform | Self-developed app/MT4(iPhone/Android/Windows) |
| Min Deposit | $50 |
| Customer Support | Phone: (+852)2388 9560 |
| Fax: (+852)2388 0789 | |
| Email: cs@wzg.com | |
WZG Information
WZG is a platform focusing on precious metals online investment services to global investors with 0 commission. The broker is also available in MT4. The minimum deposit is $50. WZG is still risky due to its suspicious clone status and incomprehensive information.
Pros and Cons
| Pros | Cons |
| 24/7 hotline support | Suspicious Clone |
| MT4 available | Unspecific account information |
| Commission free | Demo account unavailable |
Is WZG Legit?
CGSE regulates WZG but with a suspicious clone status, making it less safe than regulated brokers.
What Can I Trade on WZG?
WZG provides London gold and London silver, which is a contract-based transaction using the principle of financial leverage and is also a precious metal margin trading method affected by supply and demand, inflation, the international economy, and other factors.
| Tradable Instruments | Supported |
| Gold | ✔ |
| Silver | ✔ |
| Stocks | ❌ |
| Cryptocurrencies | ❌ |
| Precious Metals | ❌ |
| Shares | ❌ |
| ETFs | ❌ |
| Bonds | ❌ |
| Mutual Funds | ❌ |
WZG Fees
The standard spread is $20 per lot, 0 commission, 0 handling fee, and minimum support for a single transaction of 0.05 lots traded.
Trading Platform
WZG provides a self-developed app and authoritative MT4 trading platform available on iPhone, Android, or Windows. MT4 not only provides various trading strategies but also implements EA systems.
| Trading Platform | Supported | Available Devices |
| Self-developed app | ✔ | iPhone/Android |
| MT4 | ✔ | iPhone/Android/Windows |
Deposit and Withdrawal
New traders can open an account and deposit as low as $50.
Customer Support Options
WZG provides 24/7 hotline support; Traders also contact the broker via fax and email during the working day 9 am to 5 pm.
| Contact Options | Details |
| Phone | (+852)2388 9560 |
| Fax | (+852)2388 0789 |
| cs@wzg.com | |
| Supported Language | Chinese |
| Website Language | Chinese |
| Physical Address | Room 2601-02, Nina Plaza Phase 2, 8 Yeung Uk Road, Tsuen Wan, Hong Kong |
Keywords
- 2-5 years
- Suspicious Regulatory License
- MT5 Full License
- White label MT4
- Regional Brokers
- High potential risk
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