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Instead of ratings, we show the data, its source and its verification status.

  1. 01Data
  2. 02Source
  3. 03Verification
A

Sample Financial Institution

Broker · United Kingdom

Last checked: 23.09.2026
REGULATIONOfficial record verified

The licence number and scope are matched directly against the regulator’s source.

● Official source
USER FEEDBACKRecurring topics

Topics such as withdrawals, support and trading conditions are grouped by period.

● Verified platform record
COMPANY STATEMENTData disclosed by the company

The company’s own statements are shown separately from independent verification.

● Statement
← Home

CWG Markets

Broker · International

About the company

Legal company nameCWG Markets SA (Pty) Ltd · CWG Markets (UK) · CWG Markets (VU)
Year founded—
Headquarters / registered countrySandton, Johannesburg, South Africa (South African entity)
Websitewww.cwgmarkets.co.za
Last checked10.10.2026

According to its official website, CWG Markets is an online forex and CFD brand operated within the CWG Group of companies; the group says it has offices in hubs such as London, Singapore, Dubai, South Africa, Mexico, Vietnam and Nigeria. According to its South African website, CWG Markets SA (Pty) Ltd is a financial services provider authorised by the FSCA under FSP number 54031; the site also states that CWG Markets (UK), registered in England and Wales (company no. 08888720), is authorised by the FCA under FRN 785129 and is a member of the London Stock Exchange, and that CWG Markets (VU) is regulated by the Vanuatu VFSC under registration no. 41694. The firm offers forex, precious metal, index, commodity and share CFDs across more than 500 instruments on MetaTrader 4, MetaTrader 5 and copy trading. Account types are Instant (minimum 10 USD), Standard (50 USD), Advanced (200 USD) and Institutional (50,000 USD); leverage goes up to 1:1000 depending on the account type and is reduced dynamically around news releases. South African clients can pay in ZAR via Ozow. The firm says it does not serve residents of the United States, Israel or Iran. This information is the company's own statement.

Account Details

ACCOUNT TYPESInstant · Standard · Advanced · Institutional
MIN. DEPOSIT10 USD (Instant account)
PLATFORMSMetaTrader 4 · MetaTrader 5 · Copy Trading
PRODUCTSForex · Precious metals · Indices · Commodities · Share CFDs
LEVERAGEUp to 1:1000

Licences and regulation

FSCA (South Africa)

Licence no.FSP 54031
Licence holderCWG Markets SA (Pty) Ltd
ScopeListed in the FSCA register as an authorised (Authorized) financial services provider under CWG Markets SA (Pty) Ltd (FSP 54031); authorised since 5 Jun 2024; approved product classes: derivative instruments, shares, money market instruments, collective investment schemes and insurance products.
StatusVerified

FCA (United Kingdom)

Licence no.FRN 785129
Licence holderCWG Markets Ltd
ScopeListed in the FCA register under CWG Markets Ltd, FRN 785129; status: authorised – applied to cancel.
StatusVerified

VFSC (Vanuatu)

Licence no.41694
Licence holderCWG Markets (VU)
ScopeThe company states that CWG Markets (VU) is authorised by the VFSC (41694). This record has not yet been verified in the official register.
StatusPending verification

User complaints

User reports found online are classified by topic. The charts show how reports are distributed; the reports are compiled from records on platforms that verify users and screen out fake reviews.

Period reviewed: July 2021 – October 2026

  • Account / trading conditions: 12
  • Withdrawal / payment: 10
  • Bonus / promotion: 3

MEDIUM — COMPLAINT LEVEL

53% of institutions with complaint records received more complaints than this one.

BY TOPIC — Account / trading conditions: Medium · Withdrawal / payment: Medium · Bonus / promotion: Very high

SOURCES REVIEWED

The complaint distribution is based on the latest 1-star reviews on CWG Markets' Trustpilot page (8) and WikiFX (17) records as of 10 October 2026; one person's reviews count once, and records about fake sites and third parties using the CWG Markets name are left out. Across the complaints, allegations of profits being cancelled and accounts suspended over alleged rule breaches, delayed or unpaid withdrawals and bonus terms not being honoured stand out.

Sources and verification history

Official company sourcescwgmarkets.co.za — homepage (account types, leverage, platforms, fund safety and regulatory texts) and footer
Regulator recordsFSCA — CWG Markets SA (Pty) Ltd, FSP 54031 (fsca.co.za)
Company registerCIPC (Companies and Intellectual Property Commission) — CWG Markets SA (Pty) Ltd, 2023/678775/07
User feedback sourcesTrustpilot · Şikayetvar · WikiFX
Last verified10.10.2026

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