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Score
Hong Kong
2-5 yearsRegulated in Hong Kong
Type AA License
Suspicious Scope of Business
High potential risk
Add brokers
Comparison
Quantity 24
Exposure
Score
Regulatory Index7.15
Business Index5.94
Risk Management Index0.00
Software Index6.43
License Index7.15
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.
Financial fraud. The software slags. Invest by borrowing and make a huge loss. Induce you to deposit.
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
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!
At first, they told me that their system need to be upgraded. And then, the yjust disappeared.
Unable to withdraw. I filled in my bank card number correctly but they said that my bank card number info was wrong.
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.
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.
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.
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
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.
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.
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.
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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