Score
5-10 yearsRegulated in Hong Kong
Type A1 License
MT4 Full License
Regional Brokers
High potential risk
Add brokers
Comparison
Quantity 14
Exposure
Score
Regulatory Index7.02
Business Index7.50
Risk Management Index0.00
Software Index9.99
License Index7.02
Single Core
1G
40G
More
Company Name
WCG Markets Ltd.
Company Abbreviation
WCG Markets
Platform registered country and region
Hong Kong
Company website
Company summary
Pyramid scheme complaint
Expose
Deposit not credited to account
Deposited money to be withdrawn internally, and cannot withdraw money. Forced to pay tax when withdrawing. Fraudulent brokers. Create a fake gmail of the exchange for texting.
I deposited 18,000USD into the exchange and could not withdraw it, then the amount was automatically deducted by the exchange and there is no history of deduction.
I deposited 18,000 USD and couldn't withdraw it. After that, all the money in the exchange was deducted. Fraud in the exchange.
Cannot withdraw money. Tax must be paid when withdrawing
Scam platform. Deposit cannot be withdrawn. Send an email and they will contact the introducer. Deposited 18,000 USD and was withdrawn internally within the exchange without a single response to the customer.
I deposited 18000 USD into the WCGGroupLtd-Live platform account: 372590 and after that I could not withdraw and the amount was automatically deducted for no reason.
I loaded into the WCGGroupLtd platform-Live account 372590 18000USD then couldn't withdraw and lost all the money in the account.
I deposited 18,000 USD then couldn't withdraw and lost all my money in my account. I don't know why.
I deposited $1000 to register as a member but the platform said my account was suspended. And now I paid another $500 to reactivate my account and all the money has stopped appearing. Recommend consideration and handling.
Required to pay tax to withdraw but can't withdraw until tax payment. Waited 1 week with no response. Deposited $18,000, was withdrawn internally within the exchange.
I deposited into WCGGroupLtd platform-Live account 372590 18000 USD, then could not withdraw and lost all the money in the account.
I deposited a total of 18,000USD but could not withdraw any money and the exchange automatically deducted my money.
The first thing I deposited money was $3,700 and I traded the yen and my profits reached $59,000. Then I spoke to Hamad and Hisham. I wanted to withdraw my profits. They were not approved and I was banned and will never be responded to. It’s just a scam.
| WCG Markets Review Summary | |
| Founded | 2021 |
| Registered Country/Region | China Hong Kong |
| Regulation | CGSE |
| Market Instruments | Forex, CFDs, precious metals, crude oil, index, stocks, cryptocurrencies |
| Demo Account | ✅ (USD 100,000 virtual funds) |
| Leverage | 1:100-1:200 |
| Spread | / |
| Trading Platform | MT4 |
| Min Deposit | / |
| Customer Support | Live chat, contact form |
| Tel: 4001 203 612, 4008 428 912 | |
| Email: support@wcgmarkets.com | |
| WhatsApp, Line, Telegram, Facebook, Instagram | |
| Registered address: The Financial Services Centre Stoney Ground, Kingstown, St.Vincent & the Grenadines | |
| 150-10451 Shellbridge Way, Richmond BC V6X 2W8, Canada | |
| Restricted Areas | British Columbia, Quebec and Saskatchewan, the Democratic Peoples Republic of Korea (North Korea), Iran, the United States and Hong Kong |
Founded in 2021, WCG Markets is a broker registered in China Hong Kong, offering trading in forex, CFDs, precious metals, crude oil, index, stocks, and cryptocurrencies with leverage between 1:100 and 1:200 on the MT4 platform.
| Pros | Cons |
| Regulated by CGSE | Regional restrictions |
| Diverse tradable assets | Unclear fee structure |
| Demo accounts | Limited info on deposit and withdrawal |
| Flexible leverage ratios | |
| MT4 | |
| Live chat support |
Yes. WCG Markets is regulated by the Chinese Gold & Silver Exchange Society (CGSE).
| Regulated Country | Regulator | Current Status | Regulated Entity | License Type | License No. |
 | The Chinese Gold & Silver Exchange Society (CGSE) | Regulated | 文傳金業有限公司 | Type A1 License | 012 |
| Tradable Instruments | Supported |
| Forex | ✔ |
| CFDs | ✔ |
| Precious metals | ✔ |
| Crude oil | ✔ |
| Stocks | ✔ |
| Cryptocurrencies | ✔ |
| Bonds | ❌ |
| Options | ❌ |
| ETFs | ❌ |
WCG Markets offers leverage between 1:100 and 1:200. It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you.
| Trading Platform | Supported | Available Devices | Suitable for |
| MT4 | ✔ | iPhone, Android, APK, PC | Beginners |
| MT5 | ❌ | / | Experienced traders |
WCG Markets doesn't reveal accepted payment methods. It only claims that deposit and withdrawal requests can be processed within 2 hours.
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2024-10-24 02:12
2024-09-30 13:51
