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 Index7.53
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Deposited money to be withdrawn internally, and cannot withdraw money.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 Deposit cannot be withdrawn.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 Deposited 18,000 USD and was withdrawn internally within the exchange without a single response to the customer.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 Deposited $18,000, was withdrawn internally within the exchange.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 | 2021-02-24 |
| Registered Country/Region | China Hong Kong |
| Regulation | Regulated |
| Market Instruments | Forex/Precious metals/Crude oil/Futures/Stocks/Cryptocurrencies |
| Demo Account | ✅ |
| Leverage | 1:200(FX) |
| Spread | / |
| Trading Platform | MT4(iOS/Android/Huawei/Windows) |
| Min Deposit | / |
| Customer Support | Phone: 4001 203 612, 4008 428 912 |
| Email: support@wcgmarkets.com | |
| Live chat/WhatsApp/Line/Telegram/Facebook/Instagram | |
| Facebook/Instagram | |
WCG Markets is a broker that provides traders with access to various opportunities across global financial markets, including forex, precious metals, crude oil, futures, stocks, and cryptocurrencies. WCG Markets also offers demo accounts and up to 200x leverage on forex trading. In addition, traders can access the MT4 trading platform through WCG Markets.
| Pros | Cons |
| MT4 available | No fee method |
| 24/7 customer support | Unspecific deposit and withdrawal information |
| Regulated | Negative comments about difficulty in withdrawal |
| Demo account available | No 24/7 customer support |
| Various tradable instruments |
WCG Markets is authorized and regulated by HKGX with license number 012. The license type is Type A1 License, which is safer than unregulated ones.
WCG Markets offers various market instruments, including forex, precious metals, crude oil, futures, stocks, and cryptocurrencies.
| Tradable Instruments | Supported |
| Forex | ✔ |
| Precious Metals | ✔ |
| Crude Oil | ✔ |
| Futures | ✔ |
| Stocks | ✔ |
| Cryptocurrencies | ✔ |
| Shares | ❌ |
| Commodities | ❌ |
| ETFs | ❌ |
| Bonds | ❌ |
| Mutual Funds | ❌ |
WCG Markets provides 200x leverage for foreign exchange, 800USD leverage for precious metals, 1000USD leverage for the original, and 100x leverage for indices.
Traders can conduct financial activities in MT4, available in iOS, Android, Huawei, and Windows through WCG Markets. Junior traders prefer MT4 over MT5. MT4 provides various trading strategies and implements EA systems.
| Trading Platform | Supported | Available Devices | Suitable for |
| MT4 | ✔ | iOS/Android/Huawei/Windows | Junior traders |
WCG processing withdrawal application time: 11:00-12:00 noon/ 2:00-5:00 pm The withdrawal will be processed once every hour, and it will arrive in the account within 2 hours at the fastest. One business day for processing. However, the payment methods and associated fees are unknown.
WCG Markets:2024-03-28
WikiFX
WCG Markets:2024-03-26
WikiFXWCG Markets:2024-03-21
WikiFXWCG Markets:2024-03-20
WikiFXMore
User comment
13
CommentsWrite a review
2024-10-24 02:12
2024-09-30 13:51
