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WZG -

Score

6.01 /10
Average

WZG

Hong Kong

2-5 years

Regulated in Hong Kong

Type AA License

High potential risk

https://en.wzg.com

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Comparison

Quantity 24

Exposure

Open Account
Website

Score

Regulatory Index7.15

Business Index5.86

Risk Management Index0.00

Software Index6.43

License Index7.15

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

Broker Information

More

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

Check whenever you want

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WikiFX Risk Alerts 2
Previous Detection : 2024-11-11
  • The number of the complaints received by WikiFX have reached 23 for this broker in the past 3 months. Please be aware of the risk and the potential scam!
  • The current information shows that this broker does not have a trading software. Please be aware!

WikiFX Verification

Exposure

24 pieces of exposure in total
Pyramid scheme complaint
Expose
Unable to Withdraw

Wanzhou Gold

Wanzhou Gold is a fraud broker. Do not be cheated.

2021-03-19 17:57
Others

Wanzhou Gold is brutal and inhuman

Financial fraud. The software slags. Invest by borrowing and make a huge loss. Induce you to deposit.

2020-09-23 07:57
Unable to Withdraw

Fraud platform is unable to withdraw and forcibly liquidate the position. The customer service does not response after contacting

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

2023-02-15 14:22
Unable to Withdraw

Unable to withdraw

Wanzhou Gold doesn’t allow customers to withdraw. The account will be closed after you profit and withdraw. They said the customers should go to Hong Kong to sign the agreement of withdrawal during the outbreak. 50% of the capital should be deducted. This problem hasn’t been solved since this March, what a rip-off. Cheat us and wanna avoid responsibilities via the outbreak. Shameless. It may abscond after the outbreak!

2020-09-29 10:23
Scam

Deposit funds to their personal account but after that they disappeared

At first, they told me that their system need to be upgraded. And then, the yjust disappeared.

2021-02-21 20:13
Unable to Withdraw

Please help me recover my losses

Unable to withdraw. I filled in my bank card number correctly but they said that my bank card number info was wrong.

2021-03-03 00:28
Others

It gets stuck when trading, I

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.

2024-05-20 11:33
Unable to Withdraw

Unable to withdraw

My friend asked me to give it a try, then I became a member, and then I became a gold member. Then they told me that I must pay taxes to withdraw money. However, they told me that the card number was missing by one digit and I had to pay a deposit. When I wanted to withdraw money, they said that the turnover was not enough and asked me to upgrade to platinum membership or use my current account to do ten times the transaction before I could withdraw it. I hope the platform can help me, the money is all loans.

2021-02-13 09:02
Unable to Withdraw

Unable to withdraw

Freeze my account balance, $60,172.93 since March 4, 2020. And teh customer service didn't help me

2021-03-28 21:31
Others

It can be fully confirmed that it is a fraud platform

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.

2023-02-16 11:32
Resolved

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.

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

2022-11-07 10:12
Scam

1 Lost $30,000 within three months 2 Now the bank card cannot be withdrawn normally, claiming compensation for the loss, WH Group’s customer service said that it is the customer’s own problem not to deal with it

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

2023-02-15 09:40
Others

WZG

Unable to deposit money to save the positions held at the critical moment. Expose it, poor platform.

2023-09-27 23:57
Unable to Withdraw

Now freeze my account

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.

2023-02-16 12:00
Unable to Withdraw

WZG is a fraud platform that cannot withdraw

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.

2022-07-03 11:01
Scam

Scam

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.

2023-05-21 20:05
    WZG · Company summary
    WZGReview Summary
    Founded2017
    Registered Country/RegionHong Kong
    RegulationRegulated
    Market InstrumentsLondon goldLondon silver
    Demo Account✅
    Leverage/
    Spread$20 / lot, $100 /lot
    Trading PlatformSelf-developed APP SystemMT4
    Min Deposit$70
    Customer SupportPhone: (+852) 2388 9560
    Email: cs@wzg.com

    WZG Information

    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.

    WZG Information

    Pros and Cons

    Pros Cons
    Well regulatedNo account information
    Zero commission
    No charge
    Support MT4

    Is WZG Legit?

    Regulated RegionRegulated AuthorityRegulated EntityLicense TypeLicense NumberCurrent Status
    Regulated Region
    		CGSE萬洲金業集團有限公司Type AA License141Regulated
    Regulatory license

    What Can I Trade on WZG?

    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❌

    Account Types

    WZG didn't provide specific account information.

    The WZG account opening process is as follows:

    • Log in to Wanzhou official website and click [Open an account] to enter the account opening page. Fill in the mobile phone number, check I have read and agree to the “WH Gold User Agreement”, click to obtain the verification code.
    Account Types
    • Drag the verification slider to complete the puzzle, fill in the obtained SMS verification code, and click Next.
    Account Types
    • Fill in your real name and ID number and click Next.
    • Set the login password (login password is only used to log in to the Wanzhou Gold Member Center), click Next.
    • Open the account successfully, click [Complete the questionnaire immediately].
    • Fill in the questionnaire and submit it. You can carry out the capital injection transaction.

    WZG Fees

    London gold spread is $20 / lot, 0 commission; London Silver spread is $100 /lot, 0 commission.

    Trading Platform

    WZG offers two trading platforms, the Self-developed APP and MT4, which enable traders to use both mobile and desktop.

    Trading PlatformSupported Available Devices Suitable for
    Self-developed APP System✔MobileAll traders
    MT4✔Desktop, MobileBeginner
    MT5❌
    Trading Platform
    Trading Platform

    Deposit and Withdrawal

    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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