CWG Markets’ Reputation Waning Fast: Fund Scams, False Promises & Slow Customer Support

Robbed of your hard-earned funds when trading on CWG Markets? Lured into trading through the false promise of welcome bonus profits? Is trade manipulation preventing you from earning profits on this platform? Are your concerns met with silence from CWG Markets customer support? Act before it gets too late! Many traders have reported these experiences while sharing their reviews of CWG Markets online. In this article, we have shared their reviews. Read on to find out.

Top Complaints Against CWG Markets

Fund Scam, No Support from the Broker

Traders usually report scams at CWG Markets. However, even after contacting the forex brokers officials, traders do not receive any response, worsening their overall trading experience. Take a look at this screenshot that supports this complaint.

Profit Deduction Without Any Explanation

Typical of a scam forex broker, CWG Markets deducts profits from the forex trading account without explaining the reason, putting the brokers reputation at stake. This prevails despite repeated attempts from traders to contact the forex broker on this issue. Check out the screenshot below where the trader has alleged CWG Markets of foul play.

Fake Welcome Bonus Offer

CWG Markets lures traders using manipulative trade practices such as fake welcome bonus offers. However, they do not receive any of these. The screenshot below indicates the same.

The ‘Stop Loss’ Drama

Stop loss is an effective risk management strategy employed by traders to minimize losses. It serves as an order for the broker to close the trade once the forex currency pair price falls to the level as specified by the trader. However, the case presented below shows the execution of a stop loss by CWG Markets even when the price did not fall to the specified level, as per the accusation. Check the screenshot below to understand the matter.

Profit Withdrawals Denied Even After Submitting Required Documents

Traders are made to submit documents when requesting profit withdrawals. However, even after submitting these, traders do not receive fund withdrawal access. Here is a case where the trader was denied profit withdrawals despite submitting a driving license upon requesting fund withdrawals.

The Review of CWG Markets by WikiFX - Score & Regulation Status

The WikiFX team has reviewed CWG Markets in view of the emerging trading complaints. While the United Kingdom-based forex broker is a regulated entity, the latest complaints make for a close review of the operations by CWG Markets. Considering its overall track record, the broker receives a score of 7.33 out of 10.

Check the latest on CWG Markets by joining a specifically designed chat group (W2LRJZXB7G). Information for joining the group is elaborated in the image below.