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Score
Influence
Add brokers
Comparison
Quantity 29
Exposure
Score
Regulatory Index7.15
Business Index6.28
Risk Management Index0.00
Software Index6.43
License Index6.93
Single Core
1G
40G
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Company Name
万洲金业集团有限公司
Company Abbreviation
WZG
Platform registered country and region
Hong Kong
Company website
Company summary
Pyramid scheme complaint
Expose
Wanzhou Gold is a fraud broker. Do not be cheated.
Deposit processing is slow, customer service keeps saying it's being handled, the platform is deliberately stalling for time,
Forcibly liquidate the position and do not return. Already report to police. Fraud platform is unable to withdraw and forcibly liquidate the position. The customer service does not response after contacting
I was invited in by a netizen to open an account and invested 70,000 CNY and made a profit of more than 200,000 CNY (WZG fraud Platform). So far, I can't withdraw. The customer service said that I have to pay %20 personal income tax before I can withdraw. Now, I cannot log in and the customer service is not there.
Freeze my account balance, $60,172.93 since March 4, 2020. And teh customer service didn't help me
This morning on February 16, 2022, my account will be frozen directly. If you don’t give me an explanation, I will definitely defend my rights to the end.
The official website states one business day for withdrawals, but in reality, it usually takes more than one business day. Contacting customer service shows they are online, but in practice, they are often offline for long periods.
1 The loss of 30,000 US dollars within three months was operated by a child at home. I did not operate it. I told the customer service that it was a minor operation. The customer service ignored the black platform and waited. The problem with my bank card is normal, and you say that my abnormality is my problem. I used the card this morning to claim compensation for losses. Wanzhou customer service said that it is the customer's own problem if it does not deal with it. Anyway, any problem is the customer's own problem. You black platform. Yes, I will use my legal means to protect my rights
Unable to deposit money to save the positions held at the critical moment. Expose it, poor platform.
Yesterday, I went to the police to report the case. Today, WH Group directly freezes my account. I still have money within it. Do not withdraw and no refunds, just freeze it.
It gets stuck when trading, I can't close a position when I make a profit, I can't log in. I can log in only after I lose money, and I can log in by changing another account during the period. I asked customer service, they said there is a problem with my mobile phone network, and I need to be responsible for it.
19:47 At the beginning, the exclusive customer service added me on WeChat and called me for orders. Later, the WeChat account of the exclusive customer service was reported by many people. Now the account is abnormal. The app must be downloaded through the link, and the app needs to be downloaded again every once in a while. The slippage is serious. The most hateful thing is that many times when there is a big market, the app freezes, black screens, or freezes. It returned to normal. Every once in a while, customer service will call to introduce account upgrades and induce deposits. Deposits are all private accounts, and withdrawals are also private long-term accounts, and withdrawals will lead to judicial freezing of my bank card.
My stop-loss point was set at gold price 1763, with the high at 1762.93, which ended up wiping out my position.
Seeing others expose you for not processing withdrawals despite making profits!! Is this how you play at the Hong Kong International Financial Centre? Watch out for triad members knocking on your door.
Wanzhou Gold Industry is a fraud platform and a fraud. The withdrawal of $1,000 shows completed, but I did not receive it. I submit bank statement, mobile phone screen recording, and electronic banking. They still tell me that they withdraw money, the customer service has been shirking, please keep your eyes open
Hello everyone! Today is May 17, 2025. I've been trading Forex and Gold on the WZG platform in Hong Kong. If going long, the price drops instantly, if shorting, it immediately starts moving in the long direction. If hedging, it sweeps within both ranges. WZG is now closed, with data frozen (see the white image). The customer service has shown chats suggesting the market closure. Yet, the ec Markets platform (see the black image), regulated in the UK, is still operational. Their customer service is vague about the situation. It seems the market wasn't closed, but the platform was shut down prematurely. Who covers the losses from those data fluctuations? Their customer service reiterated their legality and regulation by the Hong Kong Gold Business Association, highlighting the importance of understanding a platform thoroughly before choosing.
WZGReview Summary | |
Founded | 2017 |
Registered Country/Region | Hong Kong |
Regulation | Regulated |
Market Instruments | London goldLondon silver |
Demo Account | ✅ |
Leverage | / |
Spread | $20 / lot, $100 /lot |
Trading Platform | Self-developed APP SystemMT4 |
Min Deposit | $70 |
Customer Support | Phone: (+852) 2388 9560 |
Email: cs@wzg.com |
WZG is a Hong Kong registered brokerage established in 2017. Currently, it is under the supervision of CGSE and mainly provides traders with trading opportunities in London Gold and London Silver. In addition, there are two trading platforms for traders to use, which support 0 commission.
Pros | Cons |
Well regulated | No account information |
Zero commission | |
No charge | |
Support MT4 |
Regulated Region | Regulated Authority | Regulated Entity | License Type | License Number | Current Status |
![]() | CGSE | 萬洲金業集團有限公司 | Type AA License | 141 | Regulated |
WZG mainly provides you with the opportunity to trade London gold and London silver, you can directly view the live quotes on their official website.
Tradable Instruments | Supported |
London gold | ✔ |
London silver | ✔ |
Forex | ❌ |
Precious metals & Commodities | ❌ |
Indices | ❌ |
Stocks | ❌ |
Bonds | ❌ |
ETF | ❌ |
WZG didn't provide specific account information.
The WZG account opening process is as follows:
London gold spread is $20 / lot, 0 commission; London Silver spread is $100 /lot, 0 commission.
WZG offers two trading platforms, the Self-developed APP and MT4, which enable traders to use both mobile and desktop.
Trading Platform | Supported | Available Devices | Suitable for |
Self-developed APP System | ✔ | Mobile | All traders |
MT4 | ✔ | Desktop, Mobile | Beginner |
MT5 | ❌ |
WZG supports two types of deposit methods: fast online banking (online banking or Alipay payment) and bank remittance (transfer to public banks). Open a trade with a deposit of $70. In addition, it supports 7 days x 24 hours with no deposit or withdrawal time limit.
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