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CWG Markets -

Score

7.39 /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

https://www.cwgplatform.com

Influence

C

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Comparison

Quantity 18

Exposure

Open Account
Website

Score

Regulatory Index8.19

Business Index7.58

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
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

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WikiFX Risk Alerts
Previous Detection : 2026-03-19
  • WikiFX has received a total of 16 user complaints against this broker, please be aware of the risks and do not be scammed!

WikiFX Survey

CWG Markets

United Kingdom

WikiFX Verification

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Money is not withdrawn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
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

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
Others

Deliberate account suspension, difficulty in seeking redress I lost money trading

Deliberate account suspension, difficulty in seeking redress I lost money trading, accused me of malicious scalping, unable to withdraw my principal capital,

2026-03-05 20:08
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

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
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

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
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

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: 2026-03-19
    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

    ReviewFed steady; USD ↑ Europe; Gold ↓ $4800, Oil ↑ ~3%.

    On Wednesday, the US dollar index began to rise in the European market and once again crossed the 100 mark, ultimately closing up 0.73% at 100.28; The benchmark 10-year Treasury yield closed at 4.265%

    WikiFX
    2026-03-19 13:57
    Fed steady; USD ↑ Europe; Gold ↓ $4800, Oil ↑ ~3%.

    ReviewUS dollar dropped below 100; inflation and risk aversion clash at 5000.

    On Monday, the US dollar index fluctuated and fell, failing to stay above the 100 mark, ultimately closing down 0.71% at 99.81; The benchmark 10-year Treasury yield closed at 4.224%, while the 2-year

    WikiFX
    2026-03-17 15:20
    US dollar dropped below 100; inflation and risk aversion clash at 5000.

    ReviewThe Iran War lifted the US dollar, while gold fell 1.14%, closing bearish for two weeks.

    Last Friday, due to the continued uncertainty of the Iran War, the US dollar remained a safe haven, causing the US dollar index to fluctuate upwards and return to the 100 mark for the first time since

    WikiFX
    2026-03-16 14:44
    The Iran War lifted the US dollar, while gold fell 1.14%, closing bearish for two weeks.

    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
    About More

    User Reviews

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    User comment

    69

    Comments

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    FX2604168762
    0-3months
    我于2026年1月5日经人介绍参与了CWG平台的黄金现货交易，直到现在共入金14018美金，亏损10385美金，在这期间我多次发现平台的运行不稳定和其他软件的数据不一致情况，2月13日其他软件显示最高价为5033.41,可是他们却按照5033.75给我强平了，后来被我发现了找了他们，虽然事后给我赔付了损失，但是也证明他们的数据是有问题的，这是正好赶上了最高价能对比出来，如果在中间价格根本就发现不了，3月9日由于平台的卡顿和反应不及时导致我的软件不能操作不能平仓并爆仓了6226美金，平台规定剩余保证金的百分之五十时强平可是不但没有强平还使我账上负了579美金，他们把579美金给我补上了这也说明他们对当时系统反应不及时卡顿是知情的，经过我多次与客服沟通，他们却把责任推给客户和市场，拒不赔付，所以我要投诉他们的这种不负责任的行为并赔偿我由于系统卡顿造成的损失4733美金
    我于2026年1月5日经人介绍参与了CWG平台的黄金现货交易，直到现在共入金14018美金，亏损10385美金，在这期间我多次发现平台的运行不稳定和其他软件的数据不一致情况，2月13日其他软件显示最高价为5033.41,可是他们却按照5033.75给我强平了，后来被我发现了找了他们，虽然事后给我赔付了损失，但是也证明他们的数据是有问题的，这是正好赶上了最高价能对比出来，如果在中间价格根本就发现不了，3月9日由于平台的卡顿和反应不及时导致我的软件不能操作不能平仓并爆仓了6226美金，平台规定剩余保证金的百分之五十时强平可是不但没有强平还使我账上负了579美金，他们把579美金给我补上了这也说明他们对当时系统反应不及时卡顿是知情的，经过我多次与客服沟通，他们却把责任推给客户和市场，拒不赔付，所以我要投诉他们的这种不负责任的行为并赔偿我由于系统卡顿造成的损失4733美金
    Translate to English
    +2
    2026-03-15 21:17
    Reply
    0
    0
    A?金满蛋糕?A
    0-3months
    2月12号提交出金到现在迟迟没到，中间我还出过两笔1000的，那时候都没问题现在我要全部出来就卡我出金，就发邮件7天又7天问客服什么都不知道，就让等
    2月12号提交出金到现在迟迟没到，中间我还出过两笔1000的，那时候都没问题现在我要全部出来就卡我出金，就发邮件7天又7天问客服什么都不知道，就让等
    Translate to English
    2026-03-09 11:43
    Reply
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