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Suspicious Clone
Score
1.43 /10
Danger
WZG
2-5 yearsSuspicious Regulatory License
Suspicious Scope of Business
High potential risk
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Comparison
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Exposure
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Website
Score
Regulatory Index0.00
Business Index6.40
Risk Management Index0.00
Software Index4.00
License Index0.00
Open Account
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 :
2025-01-09
- 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
Note: WZG' official website: https://www.wzg9999.com is currently inaccessible normally.
| WZG Review Summary | |
| Founded | 2017 |
| Registered Country/Region | Hong Kong |
| Regulation | CGSE (Suspicious Clone) |
| Market Instruments | London Gold, Silver, and various bars |
| Demo Account | ❌ |
| Leverage | / |
| Trading Platform | MT4, WZG mobile app |
| Min Deposit | / |
| Customer Support | Tel: +852 2388 9560 (24/7) |
| Fax: (+852) 2388 0789 | |
| Email: support@wzg.com | |
| Address: Room 2601-02, Nina Plaza Phase 2, 8 Yeung Uk Road, Tsuen Wan, Hong Kong | |
WZG, established in 2021 and based in Hong Kong, is a trading firm specializing in precious metals trading. It offers MT4 and a proprietary mobile app. However, its regulatory license from the CGSE is suspected to be a clone.
Pros and Cons
| Pros | Cons |
| MT4 available | CGSE (Suspicious Clone) |
| Inaccessible website | |
| No info on minimum deposit |
Is WZG Legit?
No. WZG can not be regarded as a legit broker.
It claims to be regulated by the China Hong Kong CGSE under license number 141. However, there are suspicions that this license number may be a clone of a legitimate registration.
 | The Chinese Gold & Silver Exchange Society (CGSE) |
| Regulatory Status | Suspicious Clone |
| Regulated by | Hong Kong |
| Licensed Institution | WH Group Bullion Group Co., Ltd |
| Licensed Type | Type AA License |
| Licensed No. | 141 |
What Can I Trade on WZG?
WZG offers trading in a variety of precious metals, including London Gold, London Silver, 99 Gold, kilo bars in Hong Kong dollars and Renminbi, as well as 5 tael gold bars and 15 kg silver bars in 999.9 fineness in Hong Kong dollars.
Trading Platform
WZG provides the international MT4 platform, which offers its zero-delay trading and analyst support. They also offer a proprietary app, the WZG app, which handles account opening, trading, and transactions.
Deposit and Withdrawal
For deposits and withdrawals, WZG supports online banking, mobile payments, and bank transfers.
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