CWG Markets review and ratings

Established 2018
Location UK Vanuatu
Regulation FCA, VFSC
Offices London, Port Vila
Broker type STP | ECN
Leverage up to 1:1000
Deposit from 10 USD
Spreads low  low
Platforms MetaTrader 4 MetaTrader 5
Instruments Currencies Indices Metals Energies Stocks
Funding methods Wire Transfer Skrill Neteller UnionPay Bitcoin Bitсoin Cash Ethereum Liteсoin Tether SticPay

Company information

CWG Markets group includes 2 related companies.

CWG Markets UK - located in the United Kingdom, regulated by the Financial Conduct Authority (FCA).
CWG Markets VU - located in the Republic of Vanuatu, regulated by the Vanuatu Financial Services Commission (VFSC).

Be aware, UK company has some trading restrictions because of the European Securities and Markets Authority (ESMA) influence.
At the same time, VU company accepts European traders, so one can open a trading account there.


CWG Markets group accepts clients from all over the world, excluding USA, Israel, Iran and most FATF sanctioned countries.

Distinctive features

Trading instruments

Forex broker offers the following underlying assets for trading.

35+ Currency Pairs Based on major and minor world currencies.
10 Indice CFDs Based on baskets of different blue-chip stocks.
3 Metal CFDs Based on Gold, Silver and Copper.
2 Energy CFDs Based on Crude Oil (Brent) and Natural Gas.
100+ Stock CFDs Based on shares of US and HK companies.

Comprehensive review

CWG Markets is a broker headquartered in the UK and with an offshore branch located in Vanuatu. As usual, the offshore branch of the broker offers pretty flexible trading conditions with leverage as high as 1:1,000, while the UK-based branch must follow the regulations of the Financial Conduct Authority (FCA). Among other things, that means that leverage there is limited to just 1:30.

Fortunately, CWG Markets allows European traders to sign up with the offshore branch of the broker, giving all clients access to the best trading conditions.

A nice extra benefit to note about CWG Markets is that the broker offers a matching program where it adds a 100% bonus for each deposit a client makes. The bonus goes up to a maximum of USD 2,000 for each account holder, and users need to actively apply for the bonus to get it.

In addition to the deposit bonus, CWG Markets also offers various other bonuses and promotions that clients can take advantage of under the ‘promotions’ tab on the website. Among the promotions available at the time of writing was a road-trip in Iceland and an opportunity to earn points for trading that can later be spent to buy various items.

As with most other forex brokers we have reviewed here on FX-List, CWG Markets is fully focused on MetaTrader as its trading platform. The broker offers the MetaTrader 4 and 5 (MT4/MT5), both in their classic downloadable version for Windows computers and as a web version for use on all computers.

In terms of instruments offered for trading, CQG Markets probably could have done more. Although the broker offers a fairly standard selection of forex pairs, stock indices and single stocks, we miss the opportunity to trade cryptocurrencies, many commodities and government bonds. However, for traders looking to trade these specific instruments there are still many other brokers that do offer them.

Before signing up with CWG, new clients can choose between four different types of trading accounts:
Instant account, with a USD 10 minimum deposit, spreads from 1.5 pips and no commissions
Classic account, with a USD 50 minimum deposit, spreads from 1 pips and no commissions
Advanced account, with a USD 200 minimum deposit, spreads from 0 pips and commissions of USD 3 per side
Institutional account, with a USD 50,000 minimum deposit, spreads from 0 pips and commissions of USD 1.5 per side

The funding methods that are accepted by CWG Markets includes e-wallets such as Skrill, Neteller and Sticpay, which are all popular in Europe. In addition, the broker accepts payment cards from China UnionPay, the South East Asian e-wallet Help2Pay, bank transfer, and a crypto payment processor known as B2BinPay.

The broker says that it does not charge any processing fees for handling deposits and withdrawals, and promises that most payment methods will be processed in less than an hour.

To reach CWG Markets, clients are asked to call in to either a local UK or Malaysian phone number, send an email, or use the live chat option on the website. The broker’s support team is available from 07:30-01:00 (GMT +8).

All in all, we believe CWG Markets could be a good choice, particularly for South East Asian traders who can use e-wallets they are familiar with to easily make a deposit. The broker also offers reasonably tight spreads, especially for the higher tier account types. In order to improve even more, however, we would have liked to see an even greater selection of trading instruments and perhaps some other choices in terms of trading platforms.

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