CWG Markets Review: Broker Profile, Fees & Bonuses

This CWG Markets review covers regulation, spreads from 0.0 pips, MT4, account types and bonus offers, so you can judge the broker.

Risk warning: trading forex/CFDs is risky and you can lose your money. Bonuses come with conditions, so read the terms first.

CWG Markets is an online forex broker founded in 2018. The page data lists its headquarters in Port Vila, Vanuatu. Clients can trade on MetaTrader 4 (MT4) and open an account with a low minimum deposit.

Key facts

• Founded: 2018
• Headquarters: 1276, Govant Building, Kumul Highway, Port Vila, Vanuatu
• Regulation listed: Financial Conduct Authority (FCA), firm reference number FRN 785129
• Minimum deposit: 10
• Maximum leverage: 1:500
• Minimum spreads: from 0.0 pips
• Platform: MT4 (desktop, web and mobile)
• Base currencies: USD, GBP, EUR
• Promotion: 100% Forex Bonus Promotion

CWG Markets states that it is regulated by the Financial Conduct Authority (FCA) under firm reference number FRN 785129. The company address is in Vanuatu.

Before you deposit, check the FCA register yourself. Confirm which legal entity holds the permission and which entity would serve your account. Regulation can differ by entity and by the country you live in.

Leverage of 1:500 is very high. High leverage can multiply losses as fast as profits. Use it with care, and use stop-loss orders.

How to check the broker before you deposit

1. Search for FRN 785129 on the official FCA register.
2. Compare the firm name on the register with the name in your client agreement.
3. Read the terms that apply to clients in your country.
4. Start with a demo account or a small live deposit.
5. Read the bonus and withdrawal rules before you accept any promotion.

CWG Markets lists minimum spreads from 0.0 pips. Spreads from zero usually apply to selected accounts and instruments. They can widen, and some accounts may add a commission. Check the live spread and any fees on the broker's website for your chosen account.

The broker allows these trading styles:

• Hedging
• Scalping
• News trading

This makes the broker flexible for active traders. Even so, execution speed and slippage matter most in fast markets. Test them on a demo or a small live account first.

CWG Markets offers the MT4 platform in several versions:

• MT4 Desktop
• MT4 Multi Terminal
• MT4 WebTrader
• MT4 for iPhone and iPad
• MT4 for Android and other smartphones

Web and mobile trading are both available. You can trade from a browser or from your phone without installing desktop software.

MT4 is a widely used platform. It is known for charting tools, indicators and automated trading. The Multi Terminal version is built for managing several accounts from one screen.

The broker lists several account options. Exact conditions for each one are set by the broker, so check them before you open an account.

The swap-free option can suit traders who cannot pay or receive overnight interest for religious reasons. Ask the broker whether any other fees replace swaps.

Managed accounts mean someone else trades on your behalf. This adds another layer of risk and cost. Ask about fees and how the manager is chosen before you agree.

The broker lists many ways to fund an account:

• Bank transfer
• Credit card
• Skrill
• Neteller
• Western Union
• UnionPay
• Bitcoin and more

Available methods can depend on your country. Check the broker's terms for processing times, fees and withdrawal rules. If you took a bonus, the withdrawal conditions may be stricter.

The base currencies are USD, GBP and EUR. If your bank account uses another currency, ask about conversion fees.

CWG Markets promotes a 100% Forex Bonus Promotion. It has also run no deposit bonus campaigns. Bonus terms can change or end at any time, so confirm the current rules on the broker's site.

Before you claim any bonus, check these points:

• Is the bonus available in your country?
• Is there a minimum deposit or a trading volume requirement?
• Can you withdraw the bonus, or only the profit made from it?
• Does the offer have an expiry date?

Read our guides to specific offers:

• Get $100 No Deposit Forex Bonus at CWG Markets
• CWG MARKETS $50 Hi Account Forex No Deposit Bonus
• Get $50 No Deposit Bonus CWG

Compare offers from other brokers

Want to compare bonus terms? These guides cover similar welcome offers:

• OVX Markets has begun offering a $50 Forex no-deposit bonus
• EMAR Markets offers a $50 Welcome Bonus for new traders
• Finotive Markets is offering a $50 USD welcome bonus
• Exclusive Markets $20 Forex No Deposit Bonus How It Works
• BBS Markets 20% Welcome Bonus offer How It Works
• JP Markets R100 Welcome Bonus Rules, Claims and Risks

• Website: cwgmarkets.com
• Email: service@cwgmarkets.com
• Telephone: +44 2037699268
• Fax: +60 1800819380
• Skype: cwgmarkets.com

Possible strengths

• Low listed minimum deposit of 10
• Spreads from 0.0 pips
• MT4 on desktop, web and mobile
• Scalping, hedging and news trading allowed
• Islamic, VIP, mini and managed accounts

Points to check

• Which entity is regulated, and where your account would be held
• Real spreads and commissions on your account type
• Bonus and withdrawal conditions
• Risks of high leverage

Is CWG Markets regulated?

The broker states that it is regulated by the FCA under reference number FRN 785129. Verify this on the official FCA register before you deposit.

What is the minimum deposit at CWG Markets?

The listed minimum deposit is 10. Some account types may need more, so check the details for the account you want.

Which platform does CWG Markets use?

It uses MetaTrader 4. You can use it on desktop, in a web browser, and on iPhone, iPad and Android devices.

Does CWG Markets offer a bonus?

It lists a 100% Forex Bonus Promotion. Bonuses always come with conditions, so read the full terms before you accept one.