CWG Markets

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

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

When I submitted a withdrawal

When I submitted a withdrawal request, the Vietnamese agent said, "The system detected financial transactions between your account and two relatives' accounts, making them 'linked risk accounts.' You must unlink those accounts and provide proof of unlinking, otherwise your withdrawal will fail review." Customer service also sent me a "linked account data report" with the following information: "Number of linked accounts: 2, high risk level." They threatened, "If you don't unlink within 10 days, your and your relatives' accounts will be frozen, and you won't be able to withdraw a penny of your principal!" I argued with them, and they said, "Either unlink or forgo the withdrawal; this is a platform data compliance requirement!" I asked to see the compliance terms, but they bluntly said, "These terms are internal documents and cannot be displayed publicly."

2025-09-07 16:06

When I first submitted

When I first submitted my withdrawal request, the Vietnamese customer service representative told me, "Your funds need to be transferred back from an overseas server. Cross-border data transfer requires a dedicated channel. After paying the channel fee, your funds will be credited to your account within 24 hours." They also sent me a screenshot of a failed data transfer review, labeled "Channel permissions not activated," and threatened me, "If you don't pay within five days, your data will be frozen and you won't be able to withdraw your principal!" After waiting three days, the withdrawal status was still "under review." I contacted customer service, and they said, "The channel traffic is insufficient, and I need to pay another 20,000 to upgrade the channel level." That's when I realized it was a scam! I asked for a refund of the channel fee, but they bluntly said, "The fee has been used to activate channel permissions and is non-refundable."

2025-09-07 15:48

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

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

Customer service used

Customer service used to send daily "data backtesting reports," claiming, "The platform backtested using the past five years' market data. This project has a 98% win rate, and even if you lose, there's 'loss compensation.'" They even sent a "backtested profit curve." But within two weeks, the project plummeted, and my 50,000 yuan investment was gone! I asked for "loss compensation," but customer service said, "The backtested data is historical data. The actual market fluctuates, so the compensation clause doesn't apply." I confronted them about their original promise of "compensation for market fluctuations," but they replied, "You misunderstood. Compensation only covers data errors, not market risks." I asked to see the original compensation clause, and they said, "The clause has been updated, and the old version is no longer valid." It's clearly a deliberate attempt to shift the blame!

2025-09-07 16:03

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

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

This broker is cheats it deducted…

2025-08-15 13:07

Severe Slippage

CWG Markets is a "scam

CWG Markets is a "scam platform" that exploits Vietnamese traders. I traded there for five months, and my expectations went from high to zero, all due to the platform's outrageous slippage and unscrupulous tactics. On the 20th of last month, I placed a short order on the AUD/USD at 0.6580. The market was stable at the time, but after submitting the order, it was actually traded at 0.6624, a slippage of 44 points! Remember, compliant Vietnamese forex platforms typically experience slippage of no more than 8 points under similar market conditions. Even more devastating was that on the day the non-farm payroll data was released this month, I set a take-profit order on the USD/JPY at 140.20, expecting a profit of $1,200. Instead, it traded at 139.63, a slippage of 57 points. Not only did I not make any money, I ended up losing $800. I urge all Vietnamese traders to avoid platforms that exploit slippage and intimidate users.

2025-09-04 15:39

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

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

Previously, Vietnamese

Previously, Vietnamese customer service sent daily "data diagnosis user feedback," saying, "Pay 2,500 yuan for a professional team to diagnose your account data. They can identify trading vulnerabilities, optimize your position strategy, and fix historical data errors." After paying, the customer service said, "The diagnosis will take three days, and you won't be able to log in to your account during that time." When I logged in three days later, I found that all my historical trading records, profit data, and position records were gone. It said, "Data loading failed!" I contacted customer service, and they said, "Data loss occurred during the diagnosis process and cannot be restored at this time." After waiting a week, I contacted them again, and they said, "The data has been permanently deleted and cannot be retrieved."

2025-09-07 16:12

Customer service used

Customer service used to send daily "data forecast member profit stories," saying, "Pay 6,000 yuan for a quarterly membership, receive three market data forecasts daily, and follow them for at least 25% monthly returns." They even posted screenshots of "users earning 20,000 yuan by following the forecasts." However, their first prediction told me to buy a certain product. I followed their lead and invested 50,000 yuan, only to see a 15% drop that same day, resulting in a 7,500 yuan loss! The next nine predictions either led to opposite trades or wildly off-target predictions, resulting in a total loss of 40,000 yuan! I confronted customer service, and they said, "The forecasts are based on historical data. The actual market fluctuates, and the losses are your own fault for not adjusting flexibly." I requested a refund and compensation, but they said, "Membership service is provided, and we are not responsible for losses."

2025-09-07 16:21

CWG Markets · Company summary

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

Language

Mkt. Analysis

Material

CWG Markets Review Summary
Founded	2023-05-23
Registered Country/Region	United Kingdom
Regulation	Offshore Regulated(VFSC)/Regulated(FCA)
Market Instruments	Forex/CFD stock/Precious metals/Energy/Indices/Com. Futures
Demo Account	✅
Leverage	Up to 1:1000
Spread	From 0.0 pips
Trading Platform	CWG
Min Deposit	$10
Customer Support	Email: service@cwgmarkets.com
	Phone: +44 2037699268, +60 1800819380
	Live chat
	Facebook/LinkedIn/Instagram

CWG Markets Information

Pros and Cons

Pros	Cons
Various tradable instruments	High max leverage
Offshore Regulated(VFSC)/Regulated(FCA)	MT4/MT5 unavailable
Spread from 0.0 pips	Some negative comments
Demo account available

Is CWG Markets Legit?

Regulated Country	Regulated Authority	Regulated Entity	License Type	License Number	Current Status
	VFSC	CWG MARKETS LTD	Retail Forex License	41694	Offshore Regulated
	FCA	CWG Markets Ltd	Market Making(MM)	785129	Regulated

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	❌

Account Type

Account Type	Instant	Standard	Advanced	Institutional
Minimum Deposit	$10	$50	$200	$30000
Spreads	2.2 pips	1.5 pips	0.0 pips	0.0 pips
Maximum Leverage	1:1000	1:500	1:500	1:100
Commission	$0 Per Side	$0 Per Side	$3 Per Side	$1.5 Per Side
Stop Out Level	50%	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 Platform	Supported
CWG	✔

Deposit and Withdrawal

Deposit:

Payment Option	Currencies	Commission	Processing Time	Estimated Arrival Time
Skrill	USD/EUR	Free	Within 30 minutes	Instantly
Neteller	USD/EUR	Free	Within 30 minutes	Instantly
Sticpay	GBP/USD/EUR	Free	Within 30 minutes	Instantly
China UnionPay	CNY	Free	Within 30 minutes	Instantly
Bank Transfer	GBP/USD/EUR	Free	Within 72 hours	Instantly
Help2Pay	THB/VND/IDR	Free	Within an hour	Instantly
5Pay	THB/VND/IDR	Free	Within 24 hours	Instantly
5Pay	USDT-ERC20/USDT-TRC20	Free	Within an hour	Instantly
77pay	VND	Free	Within an hour	Instantly
Kora	NGN/ZAR/KES/GHS/USD	Free	Within an hour	Instantly
Pay Retailers	Support all South American countries	Free	Within an hour	Instantly
Asia Banks	IDR/VND/MYR	Free	Within an hour	Instantly
ECOM	VND	Free	Within an hour	Instantly

Withdrawal:

Payment Option	Currencies	Commission	Processing Time	Estimated Arrival Time
Skrill	USD/EUR	Free	Within an hour	Instantly
Neteller	USD/EUR	Free	Within an hour	Instantly
Sticpay	GBP/USD/EUR	Free	Within an hour	Instantly
China UnionPay	CNY	Free	Within an hour	1-72 hours
Bank Transfer	GBP/USD/EUR	Free	Within an hour	1-72 hours
Help2Pay	THB/VND/IDR	Free	Within an hour	1-48 hours
5Pay	THB/VND/IDR	Free	Within an hour	1-24 hours
5Pay	USDT-ERC20/USDT-TRC20	Free	Within an hour	1-48 hours
77pay	VND	Free	Within an hour	1-48 hours
Kora	NGN/ZAR/KES/GHS/USD	Free	Within an hour	1-48 hours
Pay Retailers	Support all South American countries	Free	Within an hour	1-48 hours
Asia Banks	IDR/VND/MYR	Free	Within an hour	1-48 hours
ECOM	VND	Free	Within an hour	1-48 hours

Bonus

A deposit bonus can be 100% when traders register and deposit funds. Up to $2,000 per account.

News

ReviewIn light holiday trading, the US dollar consolidated, and gold prices rose before falling back.

On Wednesday, the US dollar index continued to fluctuate, but rebounded during the European trading session and briefly returned to the 98 level, ultimately closing up 0.06% at 97.95; The benchmark 10

2025-12-26 14:39

In light holiday trading, the US dollar consolidated, and gold prices rose before falling back.

ReviewU.S. growth strong, but USD fell. Silver hit $70, gold reached $4500.

On Tuesday, despite data showing strong growth in the worlds largest economy, it did not change the markets bet that the Federal Reserve will cut interest rates next year. The US dollar index continue

2025-12-24 13:53

U.S. growth strong, but USD fell. Silver hit $70, gold reached $4500.

ReviewUS dollar dropped, gold and silver hit records.

On Monday, the US dollar index continued to decline after opening, falling to a intraday low of 98.19 during trading and ultimately closing down 0.47% at 98.27; The benchmark 10-year Treasury yield ul

2025-12-23 14:21

US dollar dropped, gold and silver hit records.

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.