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Score
United Kingdom
Regulated in United Kingdom
Market Making License (MM)
MT5 Full License
High Potential Risk
Offshore Regulation
Benchmark
Influence
Add brokers
Comparison
Quantity 26
Exposure
Score
Regulatory Index8.19
Business Index7.62
Risk Management Index0.00
Software Index9.88
License Index8.20
Single Core
1G
40G
Danger
Danger
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Company Name
CWG Markets Ltd
Company Abbreviation
CWG Markets
Platform registered country and region
United Kingdom
Company website
Company summary
Pyramid scheme complaint
Expose
My money was stolen and there was no response. This is a fraudulent company.
I've added more proof, please approve. I made a deposit to my account and I wasn't credited, after fews I contacted the customer support and I was assured I'll be credited but they still didn't credit me, here's more proof
When I submitted a withdrawal request, the Vietnamese agent said, "The system detected financial transactions between your account and two relatives' accounts, making them 'linked risk accounts.' You must unlink those accounts and provide proof of unlinking, otherwise your withdrawal will fail review." Customer service also sent me a "linked account data report" with the following information: "Number of linked accounts: 2, high risk level." They threatened, "If you don't unlink within 10 days, your and your relatives' accounts will be frozen, and you won't be able to withdraw a penny of your principal!" I argued with them, and they said, "Either unlink or forgo the withdrawal; this is a platform data compliance requirement!" I asked to see the compliance terms, but they bluntly said, "These terms are internal documents and cannot be displayed publicly."
When I first submitted my withdrawal request, the Vietnamese customer service representative told me, "Your funds need to be transferred back from an overseas server. Cross-border data transfer requires a dedicated channel. After paying the channel fee, your funds will be credited to your account within 24 hours." They also sent me a screenshot of a failed data transfer review, labeled "Channel permissions not activated," and threatened me, "If you don't pay within five days, your data will be frozen and you won't be able to withdraw your principal!" After waiting three days, the withdrawal status was still "under review." I contacted customer service, and they said, "The channel traffic is insufficient, and I need to pay another 20,000 to upgrade the channel level." That's when I realized it was a scam! I asked for a refund of the channel fee, but they bluntly said, "The fee has been used to activate channel permissions and is non-refundable."
They defrauded us of $80,000. This is a fraudulent company. I do not recommend dealing with this company. 😞🙆
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 !
Customer service used to send daily "data backtesting reports," claiming, "The platform backtested using the past five years' market data. This project has a 98% win rate, and even if you lose, there's 'loss compensation.'" They even sent a "backtested profit curve." But within two weeks, the project plummeted, and my 50,000 yuan investment was gone! I asked for "loss compensation," but customer service said, "The backtested data is historical data. The actual market fluctuates, so the compensation clause doesn't apply." I confronted them about their original promise of "compensation for market fluctuations," but they replied, "You misunderstood. Compensation only covers data errors, not market risks." I asked to see the original compensation clause, and they said, "The clause has been updated, and the old version is no longer valid." It's clearly a deliberate attempt to shift the blame!
CWG MARKETS Is a Complete Scam! Absolutely Shameless—Stay Away! I want to share my personal experience with CWG MARKETS, a so-called “broker” that turned out to be nothing but a scam. What they did to me was beyond outrageous, and I hope my story warns others to stay far away from this trap! It all started in June 2024, when my account was suddenly frozen out of nowhere. No explanation, no warning—nothing. I reached out to my account manager and customer support multiple times, but all I got were vague answers and endless excuses. They kept dodging my questions and delaying any real solutions. It was so frustrating and made me feel completely helpless. But the worst was yet to come. By September 2024, CWG MARKETS had randomly deducted a massive $26,652 from my account! There was no reason, no notice—just outright theft. And if that wasn’t bad enough, they actually had the audacity to tell me to withdraw the remaining balance and leave the platform. Seriously?! They trea
I submitted withdrawal request for 5 working days and still haven't arrived. this withdrawal is taking too long. the broker should do better
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 !
CWG Markets is a "scam platform" that exploits Vietnamese traders. I traded there for five months, and my expectations went from high to zero, all due to the platform's outrageous slippage and unscrupulous tactics. On the 20th of last month, I placed a short order on the AUD/USD at 0.6580. The market was stable at the time, but after submitting the order, it was actually traded at 0.6624, a slippage of 44 points! Remember, compliant Vietnamese forex platforms typically experience slippage of no more than 8 points under similar market conditions. Even more devastating was that on the day the non-farm payroll data was released this month, I set a take-profit order on the USD/JPY at 140.20, expecting a profit of $1,200. Instead, it traded at 139.63, a slippage of 57 points. Not only did I not make any money, I ended up losing $800. I urge all Vietnamese traders to avoid platforms that exploit slippage and intimidate users.
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!
Deliberate account suspension, difficulty in seeking redress I lost money trading, accused me of malicious scalping, unable to withdraw my principal capital,
Previously, Vietnamese customer service sent daily "data diagnosis user feedback," saying, "Pay 2,500 yuan for a professional team to diagnose your account data. They can identify trading vulnerabilities, optimize your position strategy, and fix historical data errors." After paying, the customer service said, "The diagnosis will take three days, and you won't be able to log in to your account during that time." When I logged in three days later, I found that all my historical trading records, profit data, and position records were gone. It said, "Data loading failed!" I contacted customer service, and they said, "Data loss occurred during the diagnosis process and cannot be restored at this time." After waiting a week, I contacted them again, and they said, "The data has been permanently deleted and cannot be retrieved."
Customer service used to send daily "data forecast member profit stories," saying, "Pay 6,000 yuan for a quarterly membership, receive three market data forecasts daily, and follow them for at least 25% monthly returns." They even posted screenshots of "users earning 20,000 yuan by following the forecasts." However, their first prediction told me to buy a certain product. I followed their lead and invested 50,000 yuan, only to see a 15% drop that same day, resulting in a 7,500 yuan loss! The next nine predictions either led to opposite trades or wildly off-target predictions, resulting in a total loss of 40,000 yuan! I confronted customer service, and they said, "The forecasts are based on historical data. The actual market fluctuates, and the losses are your own fault for not adjusting flexibly." I requested a refund and compensation, but they said, "Membership service is provided, and we are not responsible for losses."
[Pictures and Evidence] CWG Markets Refuses to Pay Profits! They Unjustifiably Erased $34,579 USD in Profits, but CWG Immediately Repays! Exposed Content: Attention everyone! This CWG Markets is a ruthless brokerage firm that only pays when you win! I traded gold normally on their platform and applied for a withdrawal after making a profit. The platform refused without warning, and then, through opaque operations, forcibly deducted my entire legal profit of $34,579.43 USD (approximately one million NTD) without any substantial evidence! To protect privacy, the following is a partial disclosure of depersonalized account information and a timeline of misconduct, including information on the account that was unfairly deducted from the brokerage: CWG Markets Account Holder: Mr./Ms. Liu Trading Account (MT4): 667***** Amount Deducted Without Authorization: 34,579.43 USD Timeline of Malicious Actions 2024-07-31 Withdrawal Request Rejected: I requested a withdrawal of 24,800 USD in the back-end system, transaction number PW2024073118. The platform immediately and without authorization changed the status to "Rejected" and forcibly canceled the withdrawal. 2024-09-23 Malicious Accusations: I received an email from the Compliance Department (compliance@cwgmarkets.com), unilaterally and unjustly accusing me of using "cross-platform hedging arbitrage" in illegal trading, and directly banned me from trading. September 23, 2024 - Forced Withdrawal of Funds: Without my permission, the CWG system shamelessly executed a forced withdrawal of -34,579.43 USD, wiping out all profits from my account. Why is CWG's behavior described as opaque and rogue? Player and Referee, No Evidence Provided: The official email instructed me to log into MT4 myself to retrieve my trading records and find any violations. As an ordinary investor, all my transactions are transparent. I formally replied to the official account, questioning, "Which transaction violated the rules? What are the criteria for determining violations?" Surprisingly, the official account remains silent, offering no technical basis whatsoever; they have complete control! Vague Rules, Intended to Embezzle Funds: The contract URL they provided only outlined penalties, lacking any standards for "how to determine violations." This is a classic example of a catch-all approach—they want to swallow the profits their clients are making! My Demand: I have complete transaction and communication evidence. CWG Markets must immediately return the deducted 34,579.43 USD to me! I have compiled detailed dialogues regarding the alleged violations and threatening letters from officials into the file "Ask CWG.pdf"; and the relevant regulations and the progress of the appeal are also recorded in "Complaint fca.pdf".
| CWG Markets Review Summary | |
| Founded | 2023-05-23 |
| Registered Country/Region | United Kingdom |
| Regulation | Offshore Regulated(VFSC)/Regulated(FCA) |
| Market Instruments | Forex/CFD stock/Precious metals/Energy/Indices/Com. Futures |
| Demo Account | ✅ |
| Leverage | Up to 1:1000 |
| Spread | From 0.0 pips |
| Trading Platform | CWG |
| Min Deposit | $10 |
| Customer Support | Email: service@cwgmarkets.com |
| Phone: +44 2037699268, +60 1800819380 | |
| Live chat | |
| Facebook/LinkedIn/Instagram | |
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.

| Pros | Cons |
| Various tradable instruments | High max leverage |
| Offshore Regulated(VFSC)/Regulated(FCA) | MT4/MT5 unavailable |
| Spread from 0.0 pips | Some negative comments |
| Demo account available |
| Regulated Country | Regulated Authority | Regulated Entity | License Type | License Number | Current Status |
![]() | VFSC | CWG MARKETS LTD | Retail Forex License | 41694 | Offshore Regulated |
![]() | FCA | CWG Markets Ltd | Market Making(MM) | 785129 | Regulated |



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 | ❌ |

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 | Instant | Standard | Advanced | Institutional |
| Minimum Deposit | $10 | $50 | $200 | $30000 |
| Spreads | 2.2 pips | 1.5 pips | 0.0 pips | 0.0 pips |
| Maximum Leverage | 1:1000 | 1:500 | 1:500 | 1:100 |
| Commission | $0 Per Side | $0 Per Side | $3 Per Side | $1.5 Per Side |
| Stop Out Level | 50% | 50% | 50% | 50% |
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.
The maximum leverage is 1:1000 meaning that profits and losses are magnified 1000 times.
CWG Markets provides a propriety trading platform, instead of the authoritative MT4/MT5 with mature analysis tools and EA intelligent systems.
| Trading Platform | Supported |
| CWG | ✔ |

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 Option | Currencies | Commission | Processing Time | Estimated Arrival Time |
| Skrill | USD/EUR | Free | Within 30 minutes | Instantly |
| Neteller | USD/EUR | Free | Within 30 minutes | Instantly |
| Sticpay | GBP/USD/EUR | Free | Within 30 minutes | Instantly |
| China UnionPay | CNY | Free | Within 30 minutes | Instantly |
| Bank Transfer | GBP/USD/EUR | Free | Within 72 hours | Instantly |
| Help2Pay | THB/VND/IDR | Free | Within an hour | Instantly |
| 5Pay | THB/VND/IDR | Free | Within 24 hours | Instantly |
| 5Pay | USDT-ERC20/USDT-TRC20 | Free | Within an hour | Instantly |
| 77pay | VND | Free | Within an hour | Instantly |
| Kora | NGN/ZAR/KES/GHS/USD | Free | Within an hour | Instantly |
| Pay Retailers | Support all South American countries | Free | Within an hour | Instantly |
| Asia Banks | IDR/VND/MYR | Free | Within an hour | Instantly |
| ECOM | VND | Free | Within an hour | Instantly |
Withdrawal:
| Payment Option | Currencies | Commission | Processing Time | Estimated Arrival Time |
| Skrill | USD/EUR | Free | Within an hour | Instantly |
| Neteller | USD/EUR | Free | Within an hour | Instantly |
| Sticpay | GBP/USD/EUR | Free | Within an hour | Instantly |
| China UnionPay | CNY | Free | Within an hour | 1-72 hours |
| Bank Transfer | GBP/USD/EUR | Free | Within an hour | 1-72 hours |
| Help2Pay | THB/VND/IDR | Free | Within an hour | 1-48 hours |
| 5Pay | THB/VND/IDR | Free | Within an hour | 1-24 hours |
| 5Pay | USDT-ERC20/USDT-TRC20 | Free | Within an hour | 1-48 hours |
| 77pay | VND | Free | Within an hour | 1-48 hours |
| Kora | NGN/ZAR/KES/GHS/USD | Free | Within an hour | 1-48 hours |
| Pay Retailers | Support all South American countries | Free | Within an hour | 1-48 hours |
| Asia Banks | IDR/VND/MYR | Free | Within an hour | 1-48 hours |
| ECOM | VND | Free | Within an hour | 1-48 hours |

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