Score

7.33 /10
Good

CWG Markets

United Kingdom

5-10 years

Regulated in United Kingdom

Market Maker (MM)

MT5 Full License

Global Business

High potential risk

Offshore Regulated

B
C

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Comparison

Quantity 8

Exposure

Open Account
Website

Score

Regulatory Index8.13

Business Index7.44

Risk Management Index0.00

Software Index9.88

License Index8.13

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
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Broker Information

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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

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WikiFX Risk Alerts 2
Previous Detection : 2025-08-03
  • The number of the complaints received by WikiFX have reached 6 for this broker in the past 3 months. Please be aware of the risk and the potential scam!
  • The Vanuatu VFSC regulation with license number: 41694 is an offshore regulation. Please be aware of the risk!

WikiFX Verification

CWG Markets · Benchmark
Average transaction speed(ms)
430.9
The highest transaction speed(ms)
206
The highest speed of opening positions(ms)
211
The highest speed of closing position(ms)
206 Good
The lowest speed of opening positions(ms)
657 Great
The lowest speed of closing position(ms)
531 Great
Ranking: 78 / 123
Test user 627
Transactions 1,778
Ocuppied margin $9,667,152 USD
Data Source WikiFX Data provide
Updated: 2025-08-01 01:08:00
Pyramid scheme complaint
Expose
    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 up on tariffs, geopolitics; gold weak.

    On Thursday, the US dollar index unexpectedly rose in the short term after the Federal Reserves favorite inflation indicator unexpectedly rebounded, reaching the 100 integer mark for the first time in

    WikiFX
    2025-08-01 13:55
    USD up on tariffs, geopolitics; gold weak.

    ReviewFed downplays rate cuts, US dollar surged, gold consolidated.

    On Wednesday, due to strong US economic data and Powells wait-and-see stance, the US dollar index rose for the fifth consecutive trading day, approaching the 100 integer mark, and finally closed up 1.

    WikiFX
    2025-07-31 14:18
    Fed downplays rate cuts, US dollar surged, gold consolidated.

    ReviewDollar up, gold above $3300, boosted by trade optimism before Fed decision.

    On Tuesday, as investors waited for the Federal Reserves interest rate decision, a series of important economic data, and the outcome of US trade negotiations, the US dollar index continued to rise, r

    WikiFX
    2025-07-30 13:53
    Dollar up, gold above $3300, boosted by trade optimism before Fed decision.

    ExposureIs CWG Markets Legit or a Scam?

    CWG Markets, a registered investment firm, is the trading name of the CWG Group of companies, which offers various tradable instruments, including forex, CFD stock, precious metals, energy, indices, and com. futures. Read all the relevant details about this broker below.

    WikiFX
    2025-01-29 12:34
    Is CWG Markets Legit or a Scam?

    User Reviews

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    User comment

    39

    Comments

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    党的正义
    6-12months
    账户被cwg清空记录以及余额,亏损了5000美刀。官网打不开
    账户被cwg清空记录以及余额,亏损了5000美刀。官网打不开
    Translate to English
    2025-07-23 21:09
    Reply
    0
    0
    FX2002327148
    6-12months
    أموالي سرقت ولم يكن هناك رد. هذه شركة احتيالية.
    أموالي سرقت ولم يكن هناك رد. هذه شركة احتيالية.
    Translate to English
    2025-06-11 05:59
    Reply
    0
    0
    8