Score

1.46 /10
Danger

FGWH

United Kingdom

2-5 years

Suspicious Regulatory License

High potential risk

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Comparison

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Exposure

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Website

Score

Regulatory Index0.00

Business Index6.64

Risk Management Index0.00

Software Index4.00

License Index0.00

Open Account
Website

Licenses

No valid regulatory information, please be aware of the risk

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 : 2024-11-12
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The current information shows that this broker does not have a trading software. Please be aware!

WikiFX Verification

FGWH · Company summary

Note: FGWH's official website: https://www.fgwhm.com/en/ is currently inaccessible normally.

FGWH Information

FGWH Limited, established in 2021, operates as an unregulated brokerage entity registered in United Kingdom. The platform with MetaTrader 4 (MT4) and MetaTrader 5 (MT5) white label offers complete system service for its clients.

FGWHs homepage

Is FGWH Legit?

FGWH operates without any regulatory supervision, which raises doubts about its effectiveness. Lack of supervision increases the possibilities of unethical behavior and even fraud. Traders should be more cautious when dealing with FGWH.

No license

Downsides of FGWH

  • Unavailable Website

Due to the inability to access FCWH's website, customers and stakeholders seeking information are facing difficulies.

  • Lack of Transparency

FCWH lacks transparency in its cost structure, making it difficult for customers, investors, and regulators to assess its legitimacy and reliability.

  • Regulatory Concerns

The lack of regulatory oversight increases the risk of fraud, and decreases the safety of transactions.

  • Withdrawal Difficulty

According to a report on WikiFX, a user encountered difficulties in withdrawing funds and accessing assets.

Negative FGWH Reviews on WikiFX

As of now, there was only one piece of FGWH exposure in total.

Negative FGWH Reviews on WikiFX

Exposure. Scam

The user said that the platform had locked his account, preventing him from withdrawing his funds. You may visit: https://www.wikifx.com/en/comments/detail/Co202303168691703131.html

ClassificationUnable to Withdraw
DateMarch 16, 2023
Post CountryCambodia

Conclusion

Given FGWH's lack of regulation, trading on the platform has high risks. The absence of regulation raises concerns about security, transparency, and the protection of investments. For greater safety, it is important to choose trading platforms that are regulated by official authorities.

User Reviews

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Comments

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Ming Yang
more than one year
Worst trading service ever. An awful platform that has stolen my money!! They froze my account and I couldn't withdraw the funds. I don't understand how people can be this cruel, that made me deposit more money so I can get a withdrawal, but I haven't been able to. I almost lost all my life savings.
Worst trading service ever. An awful platform that has stolen my money!! They froze my account and I couldn't withdraw the funds. I don't understand how people can be this cruel, that made me deposit more money so I can get a withdrawal, but I haven't been able to. I almost lost all my life savings.
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2023-03-16 12:31
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