Score
Hong Kong
|
5-10 years
| https://www.wcgmarkets.com/
Website
Rating Index
MT4/5
Full License
WCGGroup-Server
Influence
C
Influence index NO.1
Vietnam 2.80
MT4/5 Identification
Full License
Hong KongInfluence
C
Influence index NO.1
Vietnam 2.80
LicensesLicensed Entity：文傳金業有限公司
License No. 012
Single Core
1G
40G
1M*ADSL
Hong Kong
Formal full license MT4/5 traders will have sound system services and follow-up technical support. Generally, their business and technology are relatively mature and their risk control capabilities are strong
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| 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.
| 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.
In this article, we will conduct a comprehensive examination of WCG Markets, delving into its key features, fees, safety measures, deposit and withdrawal options, trading platform, and customer service. WikiFX endeavours to provide you with the essential information required to make an informed decision about utilizing this platform.
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WCG Markets offers demo accounts with up to $50,000 in virtual funds, letting traders practice and test strategies risk-free.
WCG Markets offers a leverage range of 1:100 to 1:200 for different trading instruments and account types. This level of leverage provides traders with a moderate amount of capital amplification, which helps to improve the efficiency of capital use and trading flexibility.
WCG Markets allows users to trade through the MT4 platform, which is compatible with iOS, Android, Huawei, and Windows devices.
WCG Markets is regulated by HKGX, with license number 012.
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FX3732797342
Australia
I opened an account 380733 at WCG and only traded for a few days. When I saw profits in the account, they locked it, preventing any further trading and canceled the profits. My trades ranged from as short as 10 minutes to a few hours, yet there was no explanation whatsoever.
Exposure
FX1091430465
Taiwan
Deposit not credited to account
Exposure
FX2764990172
Vietnam
I was deducted money while I did not make any transactions. I have reported it but have not received any response.
Exposure
金策黄师
Hong Kong
Deposits and withdrawals are fast with no slippage, but the spreads are too high—hope this can be improved.
Neutral
Tấn Thanh Võ
Vietnam
I deposited $1k, but after a while, I didn't see the funds in my trading account. I contacted support and they said that the deposit was not verified and it was on hold. To resolve this, they requested me to deposit $1k again to verify the account, and they would automatically refund the money. I followed their instructions, but until now, the money has not been refunded, and the previous held funds are still missing. I asked for assistance, but no one responded.
Exposure
FX6383010282
Vietnam
Withdrawal error, incorrect account lock information, cannot withdraw. Deposit money for verification, after verification, all MT4 accounts will be cleared. Then, pay a tax of 27,500.00 to receive an amount of 110,075,000.
Exposure
lamcv
Vietnam
Entering a large lot size can burn your account. The fraudulent broker sent the wrong email regarding feedback on complaints. The platform does not support customer service.
Exposure
lamcv
Vietnam
Self-trading with large lot sizes can lead to account burnout. Deceptive brokers. No support from the exchange when there are issues.
Exposure
FX2274251242
Vietnam
On July 23, 2024, I opened an account, deposited 1500 USD and traded at WCG markets. On July 26, 2024, I deposited an additional 700 USD. While I was trading normally, my account suddenly went negative and lost all the money (when I checked the transaction history, I found many trades executed at completely different prices than the market price, and I did not initiate those trades). I have contacted the blocker who guided me to open an account at WCG market for assistance, but I can no longer reach them. I have also sent three emails to WCG support, but I have not received any response regarding this issue.
Exposure
Hendrik G
Netherlands
I have to say, QCG's customer support team is great, always responsive and helpful. Besides, its MT4 trading platform is the best one I've used.
Positive
Mohd Ali bin Abdullah
Malaysia
Trade execution is transparent and fair. Solid trading signals and technical analysis are quite helpful. Truly, it is a reliable choice for trading.
Positive
FX4000874982
Vietnam
Fraudulent appropriation of property. Fees arise. No withdrawal allowed.
Exposure
Tống Ánh
Singapore
I deposited into WCGGroupLtd platform-Live account 372590 18000 USD, then could not withdraw and lost all the money in the account.
Exposure
caca落B
Malaysia
Deposits are very smooth, the platform is stable, and withdrawals are smooth.
Positive
Tống Ánh
Singapore
I loaded into the WCGGroupLtd platform-Live account 372590 18000USD then couldn't withdraw and lost all the money in the account.
Exposure
Tống Ánh
Singapore
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.
Exposure
Tống Ánh
Singapore
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.
Exposure
Tống Ánh
Singapore
I deposited a total of 18,000USD but could not withdraw any money and the exchange automatically deducted my money.
Exposure
Tống Ánh
Singapore
I deposited 18,000 USD and couldn't withdraw it. After that, all the money in the exchange was deducted. Fraud in the exchange.
Exposure
Tống Ánh
Singapore
I deposited 18,000 USD then couldn't withdraw and lost all my money in my account. I don't know why.
Exposure