Score

7.31 /10
Good

CWG Markets

United Kingdom

5-10 years

Regulated in United Kingdom

Market Making(MM)

MT5 Full License

High potential risk

Offshore Regulated

AA
B

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Comparison

Quantity 7

Exposure

Open Account
Website

Score

Regulatory Index8.13

Business Index7.34

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 : 2025-03-10
  • 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)
621.9 Poor
The highest transaction speed(ms)
250
The highest speed of opening positions(ms)
250
The highest speed of closing position(ms)
266
The lowest speed of opening positions(ms)
1281 Good
The lowest speed of closing position(ms)
1219 Good
Ranking: 31 / 123
Test user 614
Transactions 1,464
Ocuppied margin $9,618,581 USD
Data Source WikiFX Data provide
Updated: 2025-03-07 01:03:00
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

    ReviewUS tariffs hurt, dollar drops. Talks next week, market awaits payroll.

    On Thursday, as the market remained concerned about the growth situation in the United States, the US dollar index closed down for four consecutive trading days, falling below 104 at one point during

    WikiFX
    2025-03-07 15:05
    US tariffs hurt, dollar drops. Talks next week, market awaits payroll.

    ReviewUSD fell, non-USD surged, gold rose slightly, investors cautious.

    On Wednesday, due to concerns about the impact of tariffs on inflation and the economy, investors are now pricing the possibility of a comprehensive contraction in the US economy, as well as Trumps de

    WikiFX
    2025-03-06 14:43
    USD fell, non-USD surged, gold rose slightly, investors cautious.

    ReviewUSD fell Monday. Trump: 25% tariff on Mexico & Canada starts Tuesday. Gold surged $30+.

    On Monday, due to mixed signals from US economic data and concerns about the economic situation in the US, the US dollar index continued to decline and fell below the 107 mark, ultimately closing down

    WikiFX
    2025-03-04 16:13
    USD fell Monday. Trump: 25% tariff on Mexico & Canada starts Tuesday. Gold surged $30+.

    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

    54

    Comments

    Write a review

    FX2002327148
    0-3months
    They defrauded us of $80,000. This is a fraudulent company. I do not recommend dealing with this company. 😞🙆
    They defrauded us of $80,000. This is a fraudulent company. I do not recommend dealing with this company. 😞🙆
    Translate to English
    2025-03-07 07:16
    Reply
    0
    0
    FX2002327148
    0-3months
    اسبريد منخفض جدا انصح المتداولين بالتعامل مع هذا البروكر❤️
    اسبريد منخفض جدا انصح المتداولين بالتعامل مع هذا البروكر❤️
    Translate to English
    2025-01-26 01:12
    Reply
    0
    0
    7