GWG-Overview of Minimum Deposit, Spreads & Leverage

General Information& Regulation

GWG (Cyprus) Ltd is a Cyprus Investment Firm authorized and regulated by the Cyprus Securities Exchange Commission (CySEC) under the license Number 291/16 since 2016. GWG is a Cyprus registered company (HE342580). GWG (Cyprus) Ltd has partnered up with LMAX, one of the biggest Liquidity providers in the market.

Market Instruments

GWG offers investors a range of financial instruments including Forex (80+ currency pairs), Metals, Indices, Commodities and Cryptocurrencies.

Accounts & Leverage

There are 4 different account types to choose from at GWG, namely Standard (minimum deposit of $100), Gold (minimum deposit of $1,000), VIP (minimum deposit of $5,000) and Professional (minimum deposit of $10,000). The deposit currencies are USD, EUR. The maximum leverage is 1:200 for Professional account and 1:30 for the other three accounts.

Spreads & Commissions

The spreads start from 0.9 pips for Standard Account and from 0 pips for Gold, VIP and Professional. Commissions are charged based on the specific market. In terms of Forex commissions, Standard account is for free. Gold charges $7 per lot, and VIP & Professional charges $3.5 per lot.

Trading Platform

GWG provides clients with access to the worlds financial markets through the MetaTrader 4 (MT4) platform (iOS/Android/Windows/macOS) which is used by millions of traders around the globe, as well as ZuluTrade, which enables users to locate successful traders that are ranked by ZuluRank, a proprietary performance evaluation algorithm, and follow their trades which are translated into real trades in their own broker accounts.

Deposit & Withdrawal

Funding methods include Decta, EcommPay, Skrill, Przelewy24, Trustly, Neteller, Wire Transfer with Bank of Cyprus, Wire Transfer with Eurobank. Bank wire transfers may take between 1-3 business days to reach GWG and are processed immediately once they are received. Bank Wire withdrawals will be allowed only if the client deposited via the same method, and they will always be processed to the initial source that they came from (same bank account as wire deposit came from). Deposit & withdrawal fees are zero.

Trading Hours

The trading times at GWG depend on the specific market. For instance, the trading hours (GMT) of foreign currencies and precious metals are 21-05 (Sunday) – 21-00 (Friday) and 22-00 (Sunday) – 21-00 (Friday) respectively.

Accepted Countries

GWG does not offer services to residents of certain jurisdictions such as the USA, British Columbia, Canada, Australia, Belgium, Japan, Islamic Republic of Iran, Sudan, Syria and North Korea and some other jurisdictions.

Customer Support

24/5 customer service is available at GWG. Clients who have questions or concerns can phone at (357) 22008100 or email at support@gwglobalfx.com.

Risk Warning

Trading in Forex, CFDs, Commodities Indices and any other underlying variables involve a high level of risk. 76% of retail investor accounts lose money when trading CFDs with GWG. It is possible to lose all your invested capital. Such Financial Products may not be suitable for you, and you should make certain that you understand all the risks involved.