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Suspicious Clone
Score
2.13 /10
Danger
WZG
2-5 yearsSuspicious Regulatory License
MT5 Full License
Regional Brokers
High potential risk
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Comparison
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Exposure
Time Machine
Website
Score
Regulatory Index0.00
Business Index5.31
Risk Management Index0.00
Software Index9.62
License Index0.00
Time Machine
Website
Licenses
VPS Standard
No restriction on the broker account. Support service provided by WikiFX
Single Core
1G
40G
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Warning: Low score, please stay away!
2
Previous Detection :
2024-12-24
- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
- The China Hong Kong CGSE regulation (license number: 141) claimed by this broker is suspected to be clone. Please be aware of the risk!
WikiFX Verification
| 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 |
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