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CWG Markets -

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

https://www.cwgplatform.com

Benchmark

AA

Influence

C

Add brokers

Comparison

Quantity 18

Exposure

Open Account
Website

Score

Regulatory Index8.13

Business Index7.45

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
INVESTOR ALERT LIST
CWG Markets

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

Download App for complete information

WikiFX Risk Alerts 2
Previous Detection : 2025-08-25
  • The number of the complaints received by WikiFX have reached 10 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!
EXPO

WikiFX Survey

CWG Markets

Hong Kong

WikiFX Verification

CWG Markets · Benchmark
Average transaction speed(ms)
620.1 Poor
The highest transaction speed(ms)
62 Great
The highest speed of opening positions(ms)
239
The highest speed of closing position(ms)
62 Great
The lowest speed of opening positions(ms)
1749
The lowest speed of closing position(ms)
937 Good
Ranking： 44 / 125
Test user 630
Transactions 1,663
Ocuppied margin $9,671,559 USD
Data Source WikiFX Data provide
Updated: 2025-08-22 01:08:00

Exposure

18 pieces of exposure in total
Pyramid scheme complaint
Expose
Scam

This company is a scam, and I will let the whole Middle East know they are fraudsters.

My money was stolen and there was no response. This is a fraudulent company.

2025-06-11 05:59
Resolved

Money is not withdrawn

I cannot transfer the money in my wallet to my BTC Turkish account. I made a transfer, but when I check for 20 days, it always says it is under review.

2023-11-01 21:50
Resolved

Server

Server cannot be connected. It is disconnected when you look at diagram. Unable to connect, resulting inability of closing position. Using other platforms to watch my own liquidation, I seriously suspect that it is a deliberate behavior in the background. You can connect to the server immediately after the liquidation.

2022-09-23 22:06
Unable to Withdraw

Scam! Ripped off all profits and unable to withdraw remaining balance

I have been using this forex broker for past 1.5 years, since July 2020 and have made 2 successful partial withdrawals and 2 deposits to continue trading. There have been accumulated profits over the years. However, when I tried making a partial withdrawal during in January 2022, CWG has suddenly informed that my profits are in violation of company policies and confiscated more than 2/3 from my account. I have been trading in the same way for 1.5 years and suddenly CWG decided to take all the profits and deemed it in violation of the company policies. Till now, they wouldn't want to return the confiscated profits, and hold me hostage for not approving the withdrawal request I've made on balance funds in my account because they froze it. Really unbelievable. Beware of this company. Not sure what is happening, they were great to trade with and withdrawals were easy. But now, not so great anymore.

2022-03-05 10:41
Unable to Withdraw

This is a scam company. Why hasn't the money been

They defrauded us of $80,000. This is a fraudulent company. I do not recommend dealing with this company. 😞🙆

2025-03-07 07:16
Scam

Scam. High spread

Deceive customers and claim the winning rate is 80%, resulting in liquidation. Ask the customer to deposit again after liquidation. The spread is ridiculous high

2023-03-11 10:45
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
Others

Broken server can't connect

The broken server is disconnected and cannot be connected. Fortunately, the deposit is not much, so let's close it soon.

2022-09-29 23:28
Unable to Withdraw

CWG Markets maliciously deducts profits

CWG Markets platform, under the pretext of swing trading, deducted the profits from the more profitable orders. It has been over half a year now, and they still haven't returned my profit of $5039.

2024-09-22 13:47
Scam

This broker is cheats it deducted…

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 !

2025-08-15 13:07
Unable to Withdraw

This is an unreasonable and fraudulent brokerage

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

2024-12-18 17:31
Unable to Withdraw

I submitted withdrawal

I submitted withdrawal request for 5 working days and still haven't arrived. this withdrawal is taking too long. the broker should do better

2025-08-15 12:46
Scam

broker didn't fund me

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

2025-08-16 22:44
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
    Data Source WikiFX Data provide
    Updated: 2025-08-25
    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

    ReviewPowell's dovish signal led to rate cuts, dropping the US dollar and lifting gold by 1%.

    Last Friday, due to Powell's speech at the Jackson Hole Conference boosting market expectations for a rate cut in September, the US dollar index plunged during trading and ultimately closed up 0.4934%

    WikiFX
    2025-08-25 14:30
    Powell's dovish signal led to rate cuts, dropping the US dollar and lifting gold by 1%.

    ReviewInvestors await Powell’s speech, with a stronger US dollar and consolidating gold.

    On Thursday, the US dollar index continued to strengthen, rising to a intraday high of 98.67 during trading and ultimately closing up 0.43% at 98.62; The benchmark 10-year US Treasury yield closed at

    WikiFX
    2025-08-22 14:20
    Investors await Powell’s speech, with a stronger US dollar and consolidating gold.

    NewsCWG Cash Carnival, Fabulous Prizes Await!

    CWG Markets is launching the Cash Carnival event from July 1st to September 30th, 2025, offering weekly cash prizes of $500, with a chance to win up to $200 in a single draw! Participation is simple—c

    WikiFX
    2025-08-21 16:05
    CWG Cash Carnival, Fabulous Prizes Await!

    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?
    About More

    User Reviews

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    User comment

    49

    Comments

    Write a review

    kenny6049
    0-3months
    Love the website, allows for smooth and easy access. They keep tight spreads and offer a wide range of instruments to trade from. Also, their customer service is always ready to help with any problem or challenge
    Love the website, allows for smooth and easy access. They keep tight spreads and offer a wide range of instruments to trade from. Also, their customer service is always ready to help with any problem or challenge
    Translate to English
    2025-08-21 06:25
    Reply
    0
    0
    nana2433
    0-3months
    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 !
    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 !
    Translate to English
    2025-08-16 22:47
    Reply
    0
    0
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