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Do you want to know which is the better broker between CWG Markets and CXC ?
In the table below, you can compare the features of CWG Markets , CXC side by side to determine the best fit for your needs.
EURUSD:-0.8
EURUSD:-3.1
EURUSD:8.93
XAUUSD:26.76
EURUSD: -5.44 ~ 1.29
XAUUSD: -27 ~ 13.13
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You can determine the reliability and credibility of a broker by checking four factors:
1.Forex broker introduction。
2.Are the transaction costs and expenses of cwg-markets, cxc-markets lower?
3.Which broker is safer?
4.Which broker provides better trading platform?
Based on these four factors, we can compare which is reliable. We have broken down the reasons as follows:
Registered in | United Kingdom |
Regulated by | FCA, VFSC (Offshore) |
Year(s) of Establishment | 2-5 years |
Trading Instruments | Foreign exchange, precious metals, crude oil, global hot stocks, stock indexes, futures, spots and other CFDs |
Minimum Initial Deposit | $10 |
Maximum Leverage | 1:1000 |
Minimum Spread | 0.0 pips onwards |
Trading Platforms | MT4, MT5 |
Deposit & Withdrawal Method | VISABPAYUnionPayPOLi®PayPal Skrill NETELLER TasapayBANKTRANSFERmastercard |
Customer Service | Email/phone number/address/live chat |
Fraud Complaints Exposure | Yes |
CWG Markets is a regulated international broker offering a diverse range of CFD trading instruments, including forex, indices, commodities, and futures. With a focus on trust and security, the platform provides global traders with access to competitive spreads, advanced trading technology, and multilingual support.
Pros | Cons |
User-friendly interface | Occasional technical issues |
Diverse range of trading options | Limited payment options |
Access to various markets | Inactivity fee charges for dormant accounts |
Availability of educational resources | Limited research and analysis tools |
Spread from 0 pips | Limited options for account types |
Multi-platform compatibility | Limited educational resources for advanced traders |
Demo account available for practice |
Is CWG Markets Legit?
According to the information provided, CWG Markets is regulated by two different authorities:
2. Vanuatu Financial Services Commission (VFSC): CWG Markets Ltd is also licensed by the Vanuatu Financial Services Commission. Their license number is 41694, and they hold a Retail Forex License under the offshore regulation.
Foreign exchange, precious metals, crude oil, global hot stocks, stock indexes, futures, spots and other CFDs .....CWG Markets allows clients to access a huge range of trading markets. Therefore, both beginners and experienced traders can find what they want to trade on CWG Markets.
Forex: CWG offers a range of forex instruments, including major currency pairs such as EURUSD, AUDUSD, GBPUSD, USDCHF, USDJPY, and USDCAD. These instruments allow traders to speculate on the exchange rate fluctuations between different currencies. The forex market is the largest and most liquid market globally, providing opportunities for traders to engage in currency trading.
CFD Stock: CWG provides Contract for Difference (CFD) instruments on various stocks. These CFDs allow traders to speculate on the price movements of individual stocks without owning the underlying asset. Some of the stocks offered by CWG include ADBE (Adobe Inc), AMZN (Amazon.com Inc), ATVI (Activision Blizzard Inc), BIDU (Baidu Inc), PEP (PepsiCo Inc), C (Citigroup Inc), COP (ConocoPhillips), DAL (Delta Air Lines Inc), DELL (Dell Technologies Inc), JPM (JPMorgan Chase & Co), and F (Ford Motor Co).
Precious Metals: CWG offers trading instruments on precious metals like XAGUSD (Silver) and XAUUSD (Gold). These instruments allow traders to speculate on the price movements of these precious metals. Precious metals are often considered as safe-haven assets and can serve as a hedge against inflation or economic uncertainties.
Energy: CWG provides trading instruments related to energy markets. UKOIL (Brent Crude Oil) and USOIL (WTI Crude Oil) are offered by CWG. These instruments allow traders to participate in the price movements of these energy commodities, which are influenced by factors such as supply and demand dynamics, geopolitical events, and global economic conditions.
Indices: CWG offers trading instruments based on various global stock indices. These indices represent the performance of a group of stocks from specific regions or sectors. Some of the indices available for trading include DE30 (Germany 30), FR40 (France 40), ES35 (Spain 35), EU50 (Euro Stoxx 50), HK50 (Hong Kong 50), JP225 (Japan 225), and US500 (US 500). Traders can speculate on the overall performance of these indices without directly owning the underlying stocks.
Commodity Futures: CWG provides trading instruments on commodity futures. These instruments allow traders to speculate on the future price movements of commodities like UK100NGAS (UK Natural Gas), COPPER, and USOIL (Crude Oil). Commodity futures trading involves predicting the price direction of these commodities and taking positions accordingly.
The Rapid Account has a spread of 2.2 pips and no commission, while the Standard Account offers a spread of 1.5 pips with no commission.
The Premium Account features a spread of 0.0 pips and a $3 commission per side, and the Institutional Account also has a spread of 0.0 pips with a $1.5 commission per side, with all accounts offering Islamic options with no overnight interest.
CWG Markets offers four account types:
All accounts are available in GBP, EUR, USD, offering Islamic options with no overnight interest and a liquidation ratio of 50%.
To open an account with CWG Markets, you can follow these steps:
3. Fill in personal information: Provide the required personal information, including your full name, email address, phone number, and country of residence. In this case, since you are from the United States, select the United States as your country.
4. Phone Number: Enter your phone number accurately as requested.
5. Email Verification: You will receive an email verification code to the email address you provided. Check your inbox and enter the verification code in the appropriate field on the registration page.
6. Set Password: Create a password for your CWG Markets account. The password should be between 8 to 15 characters and must contain both uppercase and lowercase letters. Make sure to choose a strong and secure password that you can remember.
7. Complete the registration: After setting your password, review the terms and conditions, and any other relevant information provided by CWG Markets. If you agree to the terms, click on the “Register” or “Sign Up” button to complete the registration process.
8. Account Verification: Depending on the requirements of CWG Markets, you may need to verify your identity and provide additional documents to activate your account fully. Follow the instructions provided by CWG Markets to complete the verification process if necessary.
Trading platforms offered by CWG Markets:
2. CWG MetaTrader 5: MetaTrader 5 is another industry-leading trading platform offered by CWG Markets. It is chosen by banks and traders from over 30 countries. Traders can download and install the platform on their Windows devices to access a wide range of trading instruments. MetaTrader 5 provides enhanced trading features, improved charting tools, and advanced order execution options. Additionally, CWG Markets offers the MetaTrader 5 app for Android and iOS devices, allowing traders to trade on the go.
Pros | Cons |
User-friendly interface | Limited platform options (only MetaTrader 4 and MetaTrader 5) |
Comprehensive trading tools | Limited customization options |
Real-time market quotes | Potential learning curve for beginners |
Advanced charting capabilities | May require additional resources for running smoothly |
Multiple order types and execution models | Limited platform-specific features |
Accessible from various devices | Possible occasional technical issues |
CWG Markets provides traders opportunities to use leverage as large as 1:1000.
CWG Markets offers a variety of payment options, including VISA, Mastercard, PayPal, Skrill, NETELLER, BPAY, UnionPay, POLi®, Tasapay, and bank transfers, providing customers with flexible and convenient ways to fund their accounts and execute trades.
The customer support of CWG Markets is available to assist traders with their inquiries and concerns. Here are the details regarding their customer service:
Language: The customer support is available in English.
Service Hours: The service hours for customer support are from Monday to Friday, 07:30-01:00 (GMT +8).
Email: Traders can reach out to CWG Markets through email at service@cwgmarkets.com for trading problems, complaints, suggestions, and account assistance. It is advised to use the registered email address and include relevant account details and questions for prompt support.
Phone: CWG Markets provides a hotline for global inquiries. The phone numbers are as follows: +44 2037699268 and +60 1800819380.
Address: The company's physical address is 1276, Govant Building, Kumul Highway, PORT VILA, VANUATU.
Social Media: CWG Markets can also be contacted through various social media platforms such as Facebook, Instagram, LinkedIn, YouTube, and Twitter.
On our website, you can see that some users have reported scams. Please be aware and exercise caution when investing. You can check our platform for information before trading. If you find such fraudulent brokers or have been a victim of one, please let us know in the Exposure section, we would appreciate it and our team of experts will do everything possible to solve the problem for you.
CWG Markets offers a range of trading tools to enhance the trading experience of its users. These tools include:
2. Economic Calendar: The Economic Calendar provided by CWG Markets offers real-time, actionable macro-economic data. Traders can easily monitor, anticipate, and act on potentially market-moving events. The calendar allows users to track each event in real-time and provides insights into how similar events have previously affected prices.
3. PAMM/MAM Software: The PAMM (Percent Allocation Management Module) and MAM (Multi-Account Manager) software is designed for asset managers and traders who manage multiple accounts. It broadens the capabilities of the MetaTrader platform, allowing the management of multiple accounts through a single interface. This software is particularly useful for those who use Expert Advisors (EAs) for trading.
4. API Trading: CWG Markets offers API trading, which enables users to connect their trading accounts with custom-built platforms. With API integration, traders gain direct access to CWG's ecosystem, allowing for faster order execution and more control over their trading. API trading provides live market data, historical prices, and the ability to execute trades without manually searching for information from various sources.
Pros | Cons |
Powerful MT4 indicators for confident trading decisions | None |
Real-time Economic Calendar for monitoring market events | |
PAMM/MAM software for management of multiple accounts | |
API trading for direct access, faster execution, and control |
CWG Markets provides a range of educational resources to support traders in making informed decisions and enhancing their trading skills. These resources include:
Overall, the educational resources offered by CWG Markets aim to empower traders with the knowledge and insights they need to make confident trading decisions. By providing access to analysis, educational videos, trade ideas, and a glossary, traders can enhance their understanding of the markets and develop their trading skills.
In conclusion, CWG Markets is a regulated brokerage firm, authorized by the Financial Conduct Authority (FCA) in the United Kingdom and the Vanuatu Financial Services Commission (VFSC) under offshore regulation. CWG offers forex pairs, CFD stocks, precious metals, energy commodities, global indices, and commodity futures, providing traders with diverse trading opportunities. It offers multiple account types, including Islamic accounts, and provides a range of trading instruments through the popular MetaTrader 4 and MetaTrader 5 platforms.
However, some drawbacks include limited feasible payment methods, higher minimum deposits for certain account types, and the reduced WikiFX score due to complaints. Traders should also consider the offshore regulatory oversight and exercise caution before engaging in financial activities with CWG Markets.
What is the leverage ratio offered by CWG Markets?
1:100.
What are the available trading platforms at CWG Markets?
MetaTrader 4 (MT4) and MetaTrader 5 (MT5).
What are some of the trading tools offered by CWG Markets?
CWG Markets offers a range of trading tools, including MT4 indicators for technical analysis, an Economic Calendar for monitoring market events, PAMM/MAM software for management of multiple accounts, and API trading for direct access and faster execution.
What educational resources are provided by CWG Markets?
CWG Markets provides educational resources such as video tutorials through CWG TV, daily analysis reports, technical views for price patterns and trends, personalized trade ideas, and a glossary of trading terms.
Aspect | Information |
Registered Country/Area | Saint Vincent and the Grenadines |
Founded Year | 2-5 years |
Company Name | CXCMarkets Group |
Regulation | No valid regulatory information, please be aware of the risk! |
Minimum Deposit | $100 for Micro account |
Maximum Leverage | Up to 1:1000 |
Spreads | Micro Account: From 1.3 pips, Zero Account: From 0 pips, Standard Account: From 1.3 pips |
Trading Platforms | MetaTrader 4, Web Trader |
Tradable Assets | Forex currency pairs, precious metals, cryptocurrencies, stock index CFDs |
Account Types | Micro Account, Zero Account, Standard Account |
Demo Account | Available |
Islamic Account | Not specified |
Customer Support | Online support available 24/7 in multiple languages; Email support |
Payment Methods | Bank cards, Bitwallet (including Bitcoin, Litecoin, Ripple) |
CXC is a trading platform known as CXCMarkets and Tech-FX, which recently underwent a brand merger and upgrade. However, it's important to note that CXC is not regulated by any financial regulatory authority, which means there is no government oversight or customer protection. This lack of regulation poses a higher risk of fraud or financial losses for traders.
CXC offers a range of market instruments, including forex currency pairs, precious metals, cryptocurrencies, and stock index CFDs. Forex currency pairs allow traders to speculate on exchange rate fluctuations, while precious metals and cryptocurrencies provide opportunities to benefit from price movements and global events. Stock index CFDs offer exposure to broader market trends.
CXC provides different account types, such as the Micro Account, Zero Account, and Standard Account, each with its own features and benefits. The leverage offered by CXC is up to 1:1000, allowing traders to control larger positions with a smaller initial investment. Spreads and commissions vary across account types, and the minimum deposit starts at $100 for the Micro Account.
CXC offers the MetaTrader 4 platform and a web trader platform for trading activities. Customer support is available online through email, but no telephone number is provided for inquiries. Reviews about CXC are mixed, with some users expressing satisfaction with trading conditions and others reporting server issues and problems with payments.
In conclusion, CXC is an unregulated trading platform that offers various market instruments and account types. Traders should be cautious due to the lack of regulation and the associated risks. It's advisable to consider other factors and conduct thorough research when evaluating a broker.
CXC, operating as CXCMarkets and Tech-FX, presents a range of pros and cons for potential traders to consider. On the positive side, CXC offers a diverse selection of market instruments and different account types, along with leverage of up to 1:1000. Traders can access MetaTrader 4 and a web trader platform, benefiting from online customer support available around the clock. Additionally, CXC provides various deposit and withdrawal methods, accommodating different trader preferences. However, there are significant drawbacks to consider. Notably, CXC lacks regulation from any financial authority, increasing the risk of fraud or financial losses. Additionally, the absence of an official website raises transparency concerns, limiting access to essential information. Mixed user reviews and a suspicious regulatory license further contribute to the overall evaluation of CXC's potential as a reliable broker.
Pros | Cons |
Offers a variety of market instruments | Not regulated by any financial regulatory authority |
Different account types available | Higher risk of fraud or financial losses |
Leverage of up to 1:1000 | Limited deposit and withdrawal options |
Customer support available in multiple languages | No official website available |
Online customer support available 24/7 | No telephone customer support |
Provides access to MetaTrader 4 platform | Mixed user reviews |
Offers a web trader platform for browser-based trading | Lack of transparency due to no regulatory information |
CXC. is not regulated by any financial regulatory authority. This means that there is no government agency that oversees CXC.'s activities or protects its customers. As a result, there is a higher risk of fraud or other financial losses when trading with CXC.
CXC Markets is a trading platform that offers a variety of market instruments for investors. These instruments include forex currency pairs, precious metals, cryptocurrencies, and stock index CFDs.
FOREX CURRENCY PAIRS: CXC Markets provides trading services for forex currency pairs. Forex, also known as foreign exchange, involves the buying and selling of different currencies. Traders can speculate on the exchange rate fluctuations between currency pairs, such as EUR/USD or GBP/JPY. The forex market is known for its high liquidity and round-the-clock trading, allowing investors to take advantage of global economic trends.
PRECIOUS METALS: CXC Markets also offers trading opportunities in precious metals. Precious metals, including gold, silver, platinum, and palladium, are valued for their rarity and industrial uses. Traders can speculate on the price movements of these metals, taking advantage of market fluctuations and global events that impact supply and demand. Precious metals are often considered a safe haven investment during times of economic uncertainty.
CRYPTOCURRENCY: CXC Markets enables trading in cryptocurrencies, which are digital or virtual currencies. Cryptocurrencies like Bitcoin, Ethereum, and Litecoin have gained significant popularity in recent years. Traders can participate in the price movements of cryptocurrencies, taking advantage of their volatility. Cryptocurrency markets operate 24/7 and provide opportunities for both short-term trading and long-term investment.
STOCK INDEX CFD: CXC Markets offers trading in stock index contracts for difference (CFD). A stock index represents the performance of a group of stocks from a specific market or sector. With stock index CFDs, traders can speculate on the price movements of the entire index without owning the underlying assets. This allows for greater ability to take both long and short positions. Stock index CFDs provide exposure to broader market trends and are popular among traders seeking diversification.
Pros | Cons |
Offers diverse market instruments | Not regulated by any financial regulatory authority |
Access to forex currency pairs | Higher risk of fraud or financial losses |
Availability of precious metals trading | Limited information on risk management and regulatory index |
Enables trading in cryptocurrencies | Lack of transparency due to no regulatory information |
Offers stock index CFDs for broader market exposure | Limited information on software index and licenses |
CXC offers a range of account types to cater to the diverse needs of traders. These accounts include the Micro Account, Zero Account, and Standard Account. Each account type has its own unique features and benefits.
MICRO ACCOUNT:
The Micro account offered by CXC is designed for traders who prefer smaller trading volumes. With a maximum leverage of 1:500, traders can amplify their trading positions. The minimum deposit required for this account is 10,000 JPY, and the minimum spread starts from 1.3 pips. Traders can trade various products, particularly focusing on currency trading. The minimum position size is 0.01 lots, and the account supports the use of Expert Advisors (EAs). CXC provides deposit and withdrawal methods for this account type, although specific methods are not mentioned. No commission is charged for trades executed in the Micro account.
ZERO ACCOUNT:
With a maximum leverage of 1:500, traders can have increased trading power. The minimum deposit required for this account is 100 USD, and the minimum spread starts from 0 pips. Similar to the Micro account, traders can access a wide range of products, mainly focusing on currency trading. The minimum position size is 0.01 lots, and Expert Advisors (EAs) are supported. Traders using the Zero account will be charged a commission of 8 USD per trade.
STANDARD ACCOUNT:
The Standard account offered by CXC caters to traders looking for a more flexible trading experience. With a maximum leverage of 1:500, traders can enhance their trading potential. The minimum deposit required for this account is 100 USD, and the minimum spread starts from 1.3 pips. Traders can access a variety of products, particularly focusing on currency trading. The minimum position size is 0.01 lots, and the account supports the use of Expert Advisors (EAs). No commission is charged for trades executed in the Standard account.
Pros | Cons |
No commission charged in Micro and Standard accounts | Lack of transparency on deposit and withdrawal methods |
Access to a wide range of trading products | Limited information on specific deposit/withdrawal methods |
Support for Expert Advisors (EAs) | Commission charged for trades in Zero account |
Leverage refers to the borrowing of funds to increase the potential return on an investment. CXC Markets offers a maximum leverage of 1:1000 for forex trading, which provides traders with the opportunity to control larger positions with a smaller initial investment. This high leverage allows traders to potentially magnify their profits.
CXC offers varying spreads and commission structures across its account types. The Micro Account has a minimum spread of 1.3 pips with no commission, while the Zero Account provides spreads starting from 0 pips but charges a commission of 8 USD per trade. The Standard Account also has a minimum spread of 1.3 pips but does not charge any commission. Traders can choose the account type that aligns with their trading preferences and cost considerations.
The Trading Platform offered by CXC provides an accessible and user-friendly interface for traders. It caters to various account types, with the minimum deposit set at $100 for the Micro account. The platform ensures that traders can engage in their preferred trading activities. Additionally, different account tiers are available, requiring deposits of $500, $1,000, and $10,000, respectively, offering a range of options to suit individual trading preferences.
Deposit and withdrawal options at CXC Markets are straightforward but limited. Traders can fund their accounts using two main methods: bank cards and Bitwallet, which includes cryptocurrencies such as Bitcoin, Litecoin, and Ripple. While these options provide a means of transferring funds, it is important to note that using cryptocurrencies for funding comes with inherent risks. Unlike traditional payment methods, such as bank cards, there is no possibility of initiating a chargeback in case of an issue or error. Therefore, caution should be exercised when choosing to use cryptocurrencies for depositing and withdrawing funds from CXC Markets.
Pros | Cons |
Supports Bit wallet for cryptocurrency transfers | Limited deposit and withdrawal options |
Availability of bank card payments | Using cryptocurrencies for funding carries inherent risks |
No possibility of initiating a chargeback with cryptocurrency transactions |
CXC Markets offers a range of trading platforms to meet the diverse needs of its users.
META TRADER 4 PLATFORM: CXC Markets provides access to the MetaTrader 4 trading platform, a highly regarded and widely used platform in the brokerage industry. This platform offers numerous trading tools and instruments that enhance the trading experience. Some notable features include a financial calendar, virtual private server (VPS) capabilities, trading signals (available for a subscription fee), a code base with customizable scripts, and a demo account for practice.
WEB TRADER: In addition to MetaTrader 4, CXC Markets also offers a web trader platform. This web-based platform allows traders to access their accounts and execute trades directly through a web browser. It provides an option for traders who prefer not to download and install trading software on their devices. The web trader platform offers similar functionality to the MetaTrader 4 platform, allowing for seamless trading experiences.
Pros and Cons
Pros | Cons |
MetaTrader 4 platform, widely used in the brokerage industry | No mention of specific innovative features or advanced tools |
Web trader platform for browser-based trading | Lack of information on additional platform functionalities |
Demo account for practice and testing | No mention of integrated educational resources or tutorials |
Virtual private server (VPS) capabilities for enhanced trading | Limited information on platform customization options |
CXC Markets provides customer support through various channels to cater to the needs of their clients. Their online support is available 24/7, 365 days a year, and can be accessed in multiple languages such as Japanese, English, French, Chinese, and Korean. Clients can reach out to them via email at support@cxcmarkets.com. However, they do not provide a telephone number for customer inquiries. This approach ensures that clients can easily communicate with CXC Markets and receive assistance promptly.
Based on the reviews on WikiFX, there are mixed opinions about CXC. One user expressed satisfaction with the various trading conditions provided by CXC, such as a wide variety of trading products, high leverage of up to 1:1000. They were eager to open a demo account and potentially invest in instruments offered by the broker. However, another user had a negative experience, mentioning server issues that resulted in missed profits. They suspected intentional server shutdowns or problems with payment orders. It is important to note that these reviews reflect individual experiences and should be considered alongside other factors when evaluating a broker.
In conclusion, CXC is a trading platform that offers various market instruments such as forex currency pairs, precious metals, cryptocurrencies, and stock index CFDs. However, it is important to note that CXC is not regulated by any financial regulatory authority, which means there is no government oversight or customer protection. This lack of regulation increases the risk of fraud or financial losses for traders. While CXC provides different account types with features like leverage and low spreads, the limited deposit and withdrawal options and mixed user reviews raise concerns about the reliability and quality of their services. Traders should carefully consider these factors and exercise caution when dealing with CXC.
Q: Is CXC a regulated broker?
A: No, CXC is not regulated by any financial regulatory authority, which increases the risk of trading with them.
Q: What market instruments are available on CXC?
A: CXC offers trading in forex currency pairs, precious metals, cryptocurrencies, and stock index CFDs.
Q: What are the account types offered by CXC?
A: CXC offers Micro, Zero, and Standard accounts, each with its own features and benefits.
Q: What is the maximum leverage offered by CXC?
A: CXC provides a maximum leverage of 1:1000 for forex trading.
Q: What are the deposit and withdrawal methods supported by CXC?
A: CXC supports deposits through bank cards and Bitwallet, including cryptocurrencies like Bitcoin, Litecoin, and Ripple.
Q: What trading platforms are available on CXC?
A: CXC offers the MetaTrader 4 platform and a web trader platform.
Q: How can I contact CXC's customer support?
A: You can contact CXC's customer support through email at support@cxcmarkets.com.
To compare transaction costs across different brokers, our experts analyze the transaction-specific fees (such as spreads) and non-trading fees (such as inactivity fees and payment costs).
To get a comprehensive understanding of how cheap or expensive cwg-markets and cxc-markets are, we first considered common fees for standard accounts. On cwg-markets, the average spread for the EUR/USD currency pair is 0.0 pips, while on cxc-markets the spread is 1.3~.
To determine the safety of our top brokers, our experts will consider many factors. This includes which licenses the broker holds and the credibility of these licenses. We also consider the history of brokers, because long-term brokers are usually more reliable and trustworthy than new brokers.
cwg-markets is regulated by FCA,VFSC. cxc-markets is regulated by --.
When our experts review brokers, they will open their own accounts and trade through the broker's trading platform. This enables them to comprehensively evaluate the quality, ease of use, and function of the platform.
cwg-markets provides trading platform including Advanced account,Standard account,Institutional account,Instant account and trading variety including --. cxc-markets provides trading platform including Micro account,Zero Account,Standard Account and trading variety including --.