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Score

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

CWG Markets

United Kingdom|5-10 years| Benchmark A|
Regulated in United Kingdom|Market Making(MM)|MT5 Full License|Medium potential risk|Offshore Regulated|

https://www.cwgplatform.com/

Website

Rating Index

Benchmark

Benchmark

A

Average transaction speed (ms)

520.9

MT4/5

Full License

CWGMarketsUK1-Live

United Kingdom
MT4
46

Influence

B

Influence index NO.1

Argentina 5.28
The WikiFX Score of this broker is reduced because of too many complaints!

Benchmark

Speed:A

Slippage:AAA

Cost:B

Disconnected:AA

Rollover:AA

MT4/5 Identification

MT4/5 Identification

Full License

46
Server Name
CWGMarketsUK1-Live MT4
Server Location United Kingdom

Influence

Influence

B

Influence index NO.1

Argentina 5.28
Surpassed 83.00% brokers
Biz AreaSearch StatisticsAdvertisingSocial Media Index

Contact

+44 2037699268
service@cwgmarkets.com
https://www.cwgplatform.com/
76, Cannon Street, London EC4N 6AE, United Kingdom
VPS Standard
No restriction on the broker account

Single Core

1G

40G

1M*ADSL

Open
WikiFX Risk Alerts
2025-01-28
  • The Vanuatu VFSC regulation with license number: 41694 is an offshore regulation. Please be aware of the risk!
2

Basic Information

Registered region
United Kingdom
Operating period
5-10 years
Company Name
CWG Markets Ltd
Abbreviation
CWG Markets
Company employee
--
Customer Service Email Address
service@cwgmarkets.com
Contact number
00442037699268
Company address
76, Cannon Street, London EC4N 6AE, United Kingdom

Bay Çelik

Turkey

I cannot transfer the money in my wallet to my BTC Turkish account. I made a transfer, but when I check for 20 days, it always says it is under review.

Exposure

2023-11-01

Ahhao550

Malaysia

Deceive customers and claim the winning rate is 80%, resulting in liquidation. Ask the customer to deposit again after liquidation. The spread is ridiculous high

Exposure

2023-03-11

elvis73711

United States

The broken server is disconnected and cannot be connected. Fortunately, the deposit is not much, so let's close it soon.

Exposure

2022-09-29

F48610

United States

Server cannot be connected. It is disconnected when you look at diagram. Unable to connect, resulting inability of closing position. Using other platforms to watch my own liquidation, I seriously suspect that it is a deliberate behavior in the background. You can connect to the server immediately after the liquidation.

Exposure

2022-09-23

Potatochips

Singapore

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.

Exposure

2022-03-05

Vũ Quang Lê

Vietnam

Unable to withdraw.

Exposure

2021-10-13

Starrr

United Kingdom

MT5 platform works well and they offer a lot of trading options. But the lack of clear info on fees and account details was frustrating. CWG is decent, but they need to be clearer about their fees and other important details. 423. A

Neutral

2024-06-04

nues

South Africa

Having tested several brokers, I've found a solid partner in CWG Markets. The account setup was straightforward, and their knack for excellent customer service was appreciated right from the outset. Trading mainly in metals and currencies, I've found the spreads and execution really satisfying.

Neutral

2024-04-19

Frank Gene

New Zealand

My experience with CWG Markets has been a bit of a mixed bag. On one hand, I love how easy to use the platform is. And the educational resources they have are great for newbies like me. But on the flip side, I've had some less than stellar encounters with their customer service - sometimes they're all over it, and other times it's like pulling teeth to get a response. And don't get me started on the lack of trading instruments or the high fees. It's okay for an entry-level platform, but if you're a seasoned trader looking for variety, this might not be the droids you're looking for.

Neutral

2023-12-01

Bartholomew

Netherlands

So, I've been using CWG Markets for a couple of months now and I've got to say, I'm really liking it. The platform is straightforward to use, and even for a novice like me, it was a breeze to get the hang of it. And the customer service? Superb! They're always ready to help with any issues or questions I've got. It's not all roses, though - I wish they offered more options in terms of trading instruments. But overall? I'd definitely say it's been a legit platform for my trading journey.

Neutral

2023-11-30

﹏木

New Zealand

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!

Neutral

2023-02-20

好名字可以让你的朋友更容易记住你

Thailand

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?

Neutral

2022-12-15

Joe. Adam

United Kingdom

hi the no deposit bonus available still??

Neutral

2022-10-06

FX2002327148

Egypt

Very low spread, I recommend traders to deal with this broker ❤️

Positive

Two days ago

FX2002327148

Egypt

A highly reputable broker with low spreads and fast execution, currently the strongest broker in the Middle East 😍

Positive

In a week

FX1734484768

Argentina

Great broker. I would recommend them. My experience has been great with them. From deposit to withdrawal.

Positive

2024-08-27

Alice

Ireland

Because of the low spread, I have been trading on CWG for 2 months. The attitude of the customer service and account manager is very good, and they can solve problems promptly. I am very satisfied with the overall service level and feel that this platform pays special attention to user experience. It is worth continuing to use.

Positive

2024-08-15

vansang

Canada

I accidentally learned about CWG exchange through the introduction of a friend, I tried trading and was pleasantly surprised by the simple and fast deposit and withdrawal technology of CWG.

Positive

2024-04-19

letter_east

Vietnam

I have had a pretty good experience with CWG. I hope there will be more platforms like this in Vietnam.

Positive

2024-04-19

Buss

India

CWG's low fees and competitive spreads make it a cost-effective choice for trading.

Positive

2023-11-16

42
Account Information
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Company Summary
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News
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Benchmark

Average transaction speed(ms)
520.9
The highest transaction speed(ms)
281
The highest speed of opening positions(ms)
282
The highest speed of closing position(ms)
281
The lowest speed of opening positions(ms)
1110 Great
The lowest speed of closing position(ms)
1643
8.33USD/Lot Great
38.1USD/Lot
Long: -4.87USD/Lot    Short: 1.12USD/Lot Good
Long: -25.84USD/Lot    Short: 12.7USD/Lot
Average slippage
-1.3 Perfect
Maximum transaction slippage
5 Great
Maximum positive slippage
1 Poor
Maximum negative slippage
5 Great
Average disconnection frequency (times/day)
0.2 Perfect
Average reconnection time (millisecond/per request)
92.9
Ranking: 49 / 120
Test user 610
Orders 2,927
Ocuppied margin $6,121,839 USD
Data Source
WikiFX Data provide
Updated: 2025-01-27 01:00:00

Total Margin Trend

VPS Region User Products Closing time
Shanghai 370*** XAUUSDp 01-27 17:54:26
Bangkok 101*** XAUUSDp 01-27 17:00:21
Singapore 804*** XAUUSDp 01-27 16:48:18

Stop Out

0.70%

Stop Out Symbol Distribution

6 months

Sources
Language
Mkt. Analysis
Creatives

Website

Most visited countries/areas

  • Jordan
  • cwgplatform.com

    Server Location

    United States

    Website Domain Name

    cwgplatform.com

    Server IP

    104.21.48.146

  • cwgchinese.com

  • icwgmarkets.com

Genealogy

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Company Summary

CWG Markets Review Summary
Founded2023-05-23
Registered Country/RegionUnited Kingdom
RegulationOffshore Regulated(VFSC)/Regulated(FCA)
Market InstrumentsForex/CFD stock/Precious metals/Energy/Indices/Com. Futures
Demo Account
LeverageUp to 1:1000
SpreadFrom 0.0 pips
Trading PlatformCWG
Min Deposit$10
Customer SupportEmail: service@cwgmarkets.com
Phone: +44 2037699268, +60 1800819380
Live chat
Facebook/LinkedIn/Instagram

CWG Markets Information

CWG Markets, a registered investment firm, is the trading name of the CWG Group of companies that provides various tradable instruments including forex, CFD stock, precious metals, energy, indices, and com. futures. The broker also provides four live accounts with a maximum leverage of 1:1000. The demo and Islamic accounts are also available. The minimum spread is from 0.0 pips and the minimum deposit is $10.

CWG Markets Information

Pros and Cons

Pros Cons
Various tradable instrumentsHigh max leverage
Offshore Regulated(VFSC)/Regulated(FCA)MT4/MT5 unavailable
Spread from 0.0 pipsSome negative comments
Demo account available

Is CWG Markets Legit?

Regulated CountryRegulated AuthorityRegulated EntityLicense TypeLicense NumberCurrent Status
Is CWG Markets Legit?
VFSCCWG MARKETS LTDRetail Forex License41694Offshore Regulated
Is CWG Markets Legit?
FCACWG Markets LtdMarket Making(MM)785129Regulated
Is CWG Markets Legit?
Is CWG Markets Legit?
Is CWG Markets Legit?

What Can I Trade on CWG Markets?

CWG Markets offers 500+ market instruments, including forex, CFD stock, precious metals, energy, indices, and com. futures.

Tradable Instruments Supported
Forex
Energy
CFD Stock
Indices
Precious Metals
Com. Futures
Shares
Commodities
Cryptocurrencies
ETFs
Bonds
Mutual Funds
What Can I Trade on CWG Markets?

Account Type

CWG Markets has four account types: Instant, Standard, Advanced, and Institutional. Traders who want low spreads and leverage can choose an institutional account, while those with a small budget can open an instant account. In addition, the demo account is predominantly used to familiarize traders with the trading platform and for educational purposes only. Copy trading is also available, a way for inexperienced traders or followers who dont have the time to do extensive research or want to diversify their portfolio to copy the trades of experienced traders (also known as money managers or copy trading gurus). Muslims are allowed to open Islamic accounts without swaps.

Account Type InstantStandardAdvancedInstitutional
Minimum Deposit$10$50$200$30000
Spreads2.2 pips1.5 pips0.0 pips0.0 pips
Maximum Leverage1:10001:5001:5001:100
Commission$0 Per Side$0 Per Side$3 Per Side$1.5 Per Side
Stop Out Level50%50%50%50%

CWG Markets Fees

The spread starts from 0.0 pips, the commission is from $0 per side, and the swap is as low as 0. The lower the spread, the faster the liquidity.

Leverage

The maximum leverage is 1:1000 meaning that profits and losses are magnified 1000 times.

Trading Platform

CWG Markets provides a propriety trading platform, instead of the authoritative MT4/MT5 with mature analysis tools and EA intelligent systems.

Trading PlatformSupported
CWG
Trading Platform

Deposit and Withdrawal

The first deposit amount must be $10 or above. CWG Markets accepts Visa, Mastercard, UnionPay, Poli, PayPal, Skrill, Neteller, Bank Transfer, etc. for deposit and withdrawal and commissions are free. CWG Markets does not charge any fees for withdrawals and covers the payment provider's fees for your first five withdrawals each month. For additional withdrawals beyond this limit, a $5 fee is applied to each transaction. Deposit processing times are instant and withdrawal processing times are within 72 hours.

Deposit:

Payment OptionCurrenciesCommissionProcessing TimeEstimated Arrival Time
SkrillUSD/EURFreeWithin 30 minutesInstantly
NetellerUSD/EURFreeWithin 30 minutesInstantly
SticpayGBP/USD/EURFreeWithin 30 minutesInstantly
China UnionPayCNYFreeWithin 30 minutesInstantly
Bank TransferGBP/USD/EURFreeWithin 72 hoursInstantly
Help2PayTHB/VND/IDRFreeWithin an hourInstantly
5PayTHB/VND/IDRFreeWithin 24 hoursInstantly
5PayUSDT-ERC20/USDT-TRC20FreeWithin an hourInstantly
77payVNDFreeWithin an hourInstantly
KoraNGN/ZAR/KES/GHS/USDFreeWithin an hourInstantly
Pay RetailersSupport all South American countriesFreeWithin an hourInstantly
Asia BanksIDR/VND/MYRFreeWithin an hourInstantly
ECOMVNDFreeWithin an hourInstantly

Withdrawal:

Payment OptionCurrenciesCommissionProcessing TimeEstimated Arrival Time
SkrillUSD/EURFreeWithin an hourInstantly
NetellerUSD/EURFreeWithin an hourInstantly
SticpayGBP/USD/EURFreeWithin an hourInstantly
China UnionPayCNYFreeWithin an hour1-72 hours
Bank TransferGBP/USD/EURFreeWithin an hour1-72 hours
Help2PayTHB/VND/IDRFreeWithin an hour1-48 hours
5PayTHB/VND/IDRFreeWithin an hour1-24 hours
5PayUSDT-ERC20/USDT-TRC20FreeWithin an hour1-48 hours
77payVNDFreeWithin an hour1-48 hours
KoraNGN/ZAR/KES/GHS/USDFreeWithin an hour1-48 hours
Pay RetailersSupport all South American countriesFreeWithin an hour1-48 hours
Asia BanksIDR/VND/MYRFreeWithin an hour1-48 hours
ECOMVNDFreeWithin an hour1-48 hours
Deposit and Withdrawal

Bonus

A deposit bonus can be 100% when traders register and deposit funds. Up to $2,000 per account.

Keywords

  • 5-10 years
  • Regulated in United Kingdom
  • Regulated in Vanuatu
  • Market Making(MM)
  • Retail Forex License
  • MT5 Full License
  • White label MT4
  • Medium potential risk
  • Offshore Regulated

News

Trump urges rate cuts; USD falls, gold rebounds.

Review Trump urges rate cuts; USD falls, gold rebounds.

On Thursday, due to US President Trumps call for lower interest rates but no clear statement on tariffs, the US dollar index fluctuated within a range in the Asian and European markets. However, it ra

2025-01-24 14:07

US yields, USD rose; Trump's uncertainty lifted gold.

Review US yields, USD rose; Trump's uncertainty lifted gold.

On Wednesday, as the market was still waiting for details about Trump's tariff policies, the US dollar index hovered around the 108 mark. It briefly missed this mark during trading, but then regained

2025-01-23 15:34

USD edged up Tuesday amid uncertainty over Trump tariffs; gold prices hit a two-month high.

Review USD edged up Tuesday amid uncertainty over Trump tariffs; gold prices hit a two-month high.

On Tuesday, as the market struggled with uncertainty over Trumps tariff policies, the US dollar index rose first and then fell, reaching a intraday high of 108.78 before giving up all its gains and tu

2025-01-22 13:58

Trump's first day: no temporary tariffs. US dollar fell Monday, gold may rise.

Review Trump's first day: no temporary tariffs. US dollar fell Monday, gold may rise.

On Monday, as Trump did not threaten to impose higher tariffs in his speech, the US dollar index fell more than 1% during the day, falling below the 109 mark and dropping to around the 108 mark, ultim

2025-01-21 17:53

From Global Trust to Industry Excellence: CWG's Look Back at 2024

News From Global Trust to Industry Excellence: CWG's Look Back at 2024

2024 was a remarkable year for CWG Markets, defined by groundbreaking achievements and a steadfast commitment to excellence. From strengthening global credentials to earning industry accolades,

2025-01-21 16:55

Strong macro data lifted the USD; Trump policy uncertainty supports gold.

Review Strong macro data lifted the USD; Trump policy uncertainty supports gold.

Last Friday, the US dollar index briefly fell below the 109 level during trading, but quickly regained all lost ground and turned up, ultimately closing up 0.44% at 109.42. However, the weekly line st

2025-01-20 13:53

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