Score

7.38 /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

A
C

Add brokers

Comparison

Quantity 17

Exposure

Open Account
Website

Score

Regulatory Index8.19

Business Index7.55

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
Ministry of Trade Blocks 1,222 Illegal Commodity Futures Trading Websites
CWG Markets
Proton Markets
RCPro
Alfa Success Corp
Kridex
VALUTRADES
FXB
ICE FX
Big Boss
Whittworth Investing
iFX Brokers
Blueberry Markets
Aximtrade
FirewoodFX
InstaForex
WSM FX
HXFX Global
CDO Markets
TopForex
LMFX
OBOFX
AAA Trade
MYFX Markets
LiteForex
AMA Forex
FUHUI FX LIMITED
worldforex
Tradesto

Broker Information

More

Company Name

CWG Markets Ltd

Company Abbreviation

CWG Markets

Platform registered country and region

United Kingdom

Company website

Facebook

Instagram

Linkedin

Company summary

Pyramid scheme complaint

Expose

Check whenever you want

Download App for complete information

WikiFX Risk Alerts
Previous Detection : 2026-02-06
  • WikiFX has received a total of 15 user complaints against this broker, please be aware of the risks and do not be scammed!

WikiFX Verification

CWG Markets · Benchmark
Average transaction speed(ms)
376.7 Good
The highest transaction speed(ms)
110 Good
The highest speed of opening positions(ms)
130 Good
The highest speed of closing position(ms)
110 Great
The lowest speed of opening positions(ms)
1723
The lowest speed of closing position(ms)
1979
Ranking: 60 / 125
Test user 684
Transactions 12,159
Ocuppied margin $9,927,294 USD
Data Source WikiFX Data provide
Updated: 2026-02-05 01:02:00
Pyramid scheme complaint
Expose
Scam

This broker scams it

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 !

2025-08-16 22:47
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
Unable to Withdraw

CWG Markets does not withdraw funds, maliciously finds reasons to deduct profits

I bought 5 lots of XAU/USD and made a profit of 5400 USD after the release of the Consumer Price Index (CPI) news at 20:30 Taiwan time on September 11, 2024. On the afternoon of September 12, the profit of 5400 USD in my CWG account on MT4 was maliciously cut off. Currently, I cannot place orders or withdraw funds from my CWG account. They said I violated the rules of rapid opening and closing trades. It's the first time I've heard of cutting off someone's profit like this. We traders can only lose money to the brokers, can't we make money? They said I violated the rules and regulations by scalping, but every trader has operated like this before. It's really despicable. Please give your opinions.

2024-09-13 21:26
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

    ReviewUSD rose slightly, gold hit $5100 then dropped.

    On Wednesday, the US dollar index fluctuated upwards but remained within its recent range, ultimately closing up 0.25% at 97.63; The benchmark 10-year Treasury yield closed at 4.280%, while the 2-year

    WikiFX
    2026-02-05 13:49
    USD rose slightly, gold hit $5100 then dropped.

    ReviewFed's hawkish stance lifted the dollar, gold dropped after hitting highs.

    On Thursday, despite the slightly hawkish signals released by the Federal Reserve providing some support for the US dollar, investors still had doubts about the outlook for US policies. The US dollar

    WikiFX
    2026-01-30 14:41
    Fed's hawkish stance lifted the dollar, gold dropped after hitting highs.

    ReviewTrump's "yo-yo" comments and US-Japan forex talk pushed the dollar to a 4-year low, hitting 5190.

    On Tuesday, due to Trump's remarks about the "yo-yo" of the US dollar and signs of coordinated action by traders to intervene in the foreign exchange market, the US dollar index plummeted to a nearly

    WikiFX
    2026-01-28 12:49
    Trump's "yo-yo" comments and US-Japan forex talk pushed the dollar to a 4-year low, hitting 5190.

    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

    More

    User comment

    63

    Comments

    Write a review

    落花有意,流水无情。
    3-6months
    平台自己说的平台客户的提款申请1个工作日内处理完资金也最晚3个工作日内到账但是已经过了5个工作日今天第六个工作日了资金还是没到账,反馈客服客服一直说有进步给你邮箱发消息,一直这么说但是没进步,资金一直未到账
    平台自己说的平台客户的提款申请1个工作日内处理完资金也最晚3个工作日内到账但是已经过了5个工作日今天第六个工作日了资金还是没到账,反馈客服客服一直说有进步给你邮箱发消息,一直这么说但是没进步,资金一直未到账
    Translate to English
    2026-02-04 13:08
    Reply
    0
    0
    许浩
    0-3months
    曝光一下这个黑平台的,大家千万不要在这个平台开户!你只要盈利以后出一次,账号就会在后台安装滑点插件!一直盈利出金就会找理由冻结你的账号,限制你出金,告诉你违规交易!
    曝光一下这个黑平台的,大家千万不要在这个平台开户!你只要盈利以后出一次,账号就会在后台安装滑点插件!一直盈利出金就会找理由冻结你的账号,限制你出金,告诉你违规交易!
    Translate to English
    2026-01-26 13:15
    Reply
    0
    0
    17