MWNG-Overview of Minimum Deposit, Leverage, Spreads

Note: Since MWNGs official site (https://mwngmarket.com/mwng_en/index.php) is not accessible while writing this introduction, only a cursory understanding can be obtained from the Internet.

General Information & Regulation

MWNG, a trading name of MWNG COMPANY LIMITED, is allegedly a suspicious regulated forex and CFD broker registered in China that claims to provide its clients with some tradable assets with leverage up to 1:500 and low spreads from 0.0 pips on the worlds best MetaTrader4 trading platform.

Market Instruments

MWNG advertises that it mainly offers forex and various CFDs trading.

Leverage

A leverage ratio of up to 1:500 is offered by MWNG, which is much higher than that provided by most brokers. Inexperienced traders are advised not to use too much leverage since leverage magnifies gains and losses.

Spreads

MWNG claims that the spread starts from 0.0 pips.

Trading Platform Available

The platform available for trading at MWNG is the industry-standard MetaTrader4 trading platform. In any case, we recommend using MT4 or MT5 for your trading platform. Forex traders praise MetaTrader's stability and trustworthiness as the most popular forex trading platform. Expert Advisors, Algo trading, Complex indicators, and Strategy testers are some of the sophisticated trading tools available on this platform. There are currently 10,000+ trading apps available on the Metatrader marketplace that traders can use to improve their performance. By using the right mobile terminals, including iOS and Android devices, you can trade from anywhere and at any time through MT4 and MT5.

Deposit & Withdrawal

The minimum initial deposit requirement provided by MWNG is said to be $100. However, the broker directly reveal any specific information about its acceptable deposit and withdrawal payment methods.

Customer Support

MWNG‘s customer support can only be reached by email: mwngmarket@gmail.com. However, this broker doesn’t disclose other more direct contact information like telephone numbers or the company address that most brokers offer.