Score

7.39 /10
Good

CWG Markets

United Kingdom

5-10 years

Regulated in United Kingdom

Market Making License (MM)

MT5 Full License

Global Business

High potential risk

Offshore Regulated

C

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Comparison

Quantity 18

Exposure

Open Account
Website

Score

Regulatory Index8.19

Business Index7.59

Risk Management Index0.00

Software Index9.88

License Index8.20

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

Danger

MY SCM
2023-01-01

Danger

ID BAPPEBTI
2022-02-02
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Broker Information

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Company Name

CWG Markets Ltd

Company Abbreviation

CWG Markets

Platform registered country and region

United Kingdom

Company website

Facebook

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Linkedin

Company summary

Pyramid scheme complaint

Expose

Check whenever you want

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WikiFX Risk Alerts
Previous Detection : 2026-04-10
  • WikiFX has received a total of 16 user complaints against this broker, please be aware of the risks and do not be scammed!

WikiFX Verification

Pyramid scheme complaint
Expose
Resolved

Server

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.

2022-09-23 22:06
Unable to Withdraw

I applied for withdrawal on 7/31, but not only was I unable to withdraw, but the remaining amount was also eliminated through unauthorized transactions.

After depositing $100,000 on 6/21, I started trading. There was no problem with withdrawing profits until I applied for a withdrawal on 7/31. When I called the relevant personnel, they kept making excuses. It wasn't until 9/23 that the trading department of CWG sent a letter saying that I had engaged in "irregular trading" without any evidence, and then they unreasonably removed the amount of $34,579.43 from my MT4 account. I have been trading forex margin for a long time, and this is the first time I have encountered a platform that can take away your funds with just an "irregular trading" accusation. Because it takes 8 weeks for the UK to process my complaint letter, I want to remind CWG's customers here to be extra careful with this platform. Be extremely cautious. PS: The photos I provided are screenshots from my own backend. I have blurred my name and information to avoid retaliation from the platform and have deleted all my other information.

2024-10-04 17:24
Scam

This broker is cheats it deducted…

This broker scams it deducted profits from the account without justification for the action . And i have tried to reach them for restitution of my profits but there just saying still under process on live chat and on the emails there no longer reply. This broker is a scammer be alert otherwise you will lose your money!! Beware !

2025-08-15 13:07
Unable to Withdraw

Scam! A terrible platform that doesn't explain or communicate.

CWG MARKETS is an utterly fraudulent platform! Extremely shameless, everyone must be warned not to be deceived! Both my friend and I have had the same tragic experiences, and I am determined to fully expose the despicable actions of this fraudulent broker, CWG MARKETS, to warn everyone to stay away from this trap! The incident happened in June 2024 when my account was suddenly blocked without any explanation or warning, completely shut down unilaterally by the platform. I repeatedly contacted the account manager and customer service, but their responses were either evasive or maliciously delayed, giving no reasonable explanation at all. This attitude is simply mocking the victims, making people angry and helpless! What's even more unacceptable is that after months of waiting, instead of improving, the situation worsened dramatically! By September 2024, CWG MARKETS arbitrarily deducted 30,649 from my account—a blatant act of fraud! After taking my money, they even had the audacity to ask me to withdraw the remaining funds and leave the platform! What kind of logic is this? They are completely treating customers like sheep to be slaughtered, with no moral bottom line! I hope everyone takes this as a warning—do not be deceived again! If you have encountered similar situations, please bravely come forward and expose them. We must not allow such fraudulent platforms to continue their reckless behavior and harm more people!

2024-12-19 17:45
    Sources
    CWG Markets · 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.

    News

    ReviewMeida ceasefire ↓USD; gold >$4810; oil ↓ sharply.

    On Tuesday, investors held a wait-and-see attitude before the deadline set by the US, with the US dollar index hovering near its highest level in nearly 11 months, ultimately closing slightly down 0.0

    WikiFX
    2026-04-08 13:44
    Meida ceasefire ↓USD; gold >$4810; oil ↓ sharply.

    ReviewMarket waits Trump deadline; USD stable. Gold $4660, crude oil longs wait.

    On Monday, the market waited for the latest deadline set by Trump and remained cautious about Japans intervention in the exchange rate. The US dollar index fell below the 100 mark and ultimately close

    WikiFX
    2026-04-07 13:53
    Market waits Trump deadline; USD stable. Gold $4660, crude oil longs wait.

    ReviewGlobal risk sentiment worsens, boosting USD; rate hike expectations push gold below $4700.

    On Thursday, during a national speech during the Asian Games, Trump stated that if an agreement cannot be reached, the United States will launch more aggressive strikes against Iran in the next two to

    WikiFX
    2026-04-03 13:49
    Global risk sentiment worsens, boosting USD; rate hike expectations push gold below $4700.

    ExposureCWG Markets’ Reputation Waning Fast: Fund Scams, False Promises & Slow Customer Support

    Robbed of your hard-earned funds when trading on CWG Markets? Lured into trading through the false promise of welcome bonus profits? Is trade manipulation preventing you from earning profits on this platform? Are your concerns met with silence from CWG Markets’ customer support? Act before it gets too late! Many traders have reported these experiences while sharing their reviews of CWG Markets online. In this article, we have shared their reviews. Read on to find out.

    WikiFX
    2025-10-30 17:00
    CWG Markets’ Reputation Waning Fast: Fund Scams, False Promises & Slow Customer Support

    User Reviews

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    User comment

    69

    Comments

    Write a review

    FX1378734237
    0-3months
    你好我是2026。3月6日在你们系统投资的五万美元。我投资入市后差不多赚了14万五千美元。我向公司申请退款啊,这些人以这个为由没有给我退款,后来投资的资金给了5万美元,没有给我利润到目前为止。我之前也在你们这个黄金市场做生意,而且吃了很多亏。我赔了几十万美元,这是我进入这个市场的第一股。这次收益是我总损失的三分之一。希望你们公正处理好我的事情。我吃了很多亏,不能这样冤枉我,我相信这个市场的公平,也希望你们公正处理,给我利润。甚至我赚的钱,未经我的允许被下载了,公司自己提现了,希望你们检查严肃处理。所有事情的照片都完整的发给了你们希望你们看一下处理好。我在你们黄金市场做了7年7年来我的第一桶金也是,我现在的股份是我全部亏损的1/3。
    你好我是2026。3月6日在你们系统投资的五万美元。我投资入市后差不多赚了14万五千美元。我向公司申请退款啊,这些人以这个为由没有给我退款,后来投资的资金给了5万美元,没有给我利润到目前为止。我之前也在你们这个黄金市场做生意,而且吃了很多亏。我赔了几十万美元,这是我进入这个市场的第一股。这次收益是我总损失的三分之一。希望你们公正处理好我的事情。我吃了很多亏,不能这样冤枉我,我相信这个市场的公平,也希望你们公正处理,给我利润。甚至我赚的钱,未经我的允许被下载了,公司自己提现了,希望你们检查严肃处理。所有事情的照片都完整的发给了你们希望你们看一下处理好。我在你们黄金市场做了7年7年来我的第一桶金也是,我现在的股份是我全部亏损的1/3。
    Translate to English
    +2
    2026-04-05 23:42
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    FX2685792045
    more than one year
    2026.03.30 CWG Markets 滑点严重 爆仓按百分之五十 导致我损失不少钱
    2026.03.30 CWG Markets 滑点严重 爆仓按百分之五十 导致我损失不少钱
    Translate to English
    2026-04-02 21:27
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