Score
GWG
Cyprus|5-10 years| https://www.gwglobalfx.com/
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Rating Index
Contact
Licenses
Single Core
1G
40G
Contact number
（357）22008100
（357）22008100
+357 22 008 100
+357 22008100
Other ways of contact
Broker Information
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GWG (Cyprus) Ltd
GWG
Cyprus
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WikiFX Verification
Cyprus| Benchmark | -- |
|---|---|
| Maximum Leverage | 1:200 |
| Minimum Deposit | 10,000$ |
| Minimum Spread | -- |
| Products | -- |
| Currency | -- |
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| Minimum Position | -- |
| Supported EA | |
| Depositing Method | -- |
| Withdrawal Method | -- |
| Commission | 3,5$ Per lot |
| Benchmark | -- |
|---|---|
| Maximum Leverage | 1:30 |
| Minimum Deposit | 5,000$ |
| Minimum Spread | -- |
| Products | -- |
| Currency | -- |
|---|---|
| Minimum Position | -- |
| Supported EA | |
| Depositing Method | -- |
| Withdrawal Method | -- |
| Commission | 3,5$ Per lot |
| Benchmark | -- |
|---|---|
| Maximum Leverage | 1:30 |
| Minimum Deposit | 3,000$ |
| Minimum Spread | -- |
| Products | -- |
| Currency | -- |
|---|---|
| Minimum Position | -- |
| Supported EA | |
| Depositing Method | -- |
| Withdrawal Method | -- |
| Commission | 5$ Per lot |
| Benchmark | -- |
|---|---|
| Maximum Leverage | 1:30 |
| Minimum Deposit | 100$ |
| Minimum Spread | -- |
| Products | -- |
| Currency | -- |
|---|---|
| Minimum Position | -- |
| Supported EA | |
| Depositing Method | -- |
| Withdrawal Method | -- |
| Commission | 0$ Per lot |
| Benchmark | -- |
|---|---|
| Maximum Leverage | 1:30 |
| Minimum Deposit | 1,000$ |
| Minimum Spread | -- |
| Products | -- |
| Currency | -- |
|---|---|
| Minimum Position | -- |
| Supported EA | |
| Depositing Method | -- |
| Withdrawal Method | -- |
| Commission | 7$ Per lot |
- Fundamental Item(A)
- Total Supplementary Items(B)
- Debt Amount(C)
- Non-Fixed Capital(A)+(B)-(C)=(D)
- Relative amount of risk(E)
- Market Risk
- Transaction Risk
- Underlying Risk
Capital
$(USD)
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GWG · Company Summary
General Information& Regulation
GWG (Cyprus) Ltd is a Cyprus Investment Firm authorized and regulated by the Cyprus Securities Exchange Commission (CySEC) under the license Number 291/16 since 2016. GWG is a Cyprus registered company (HE342580). GWG (Cyprus) Ltd has partnered up with LMAX, one of the biggest Liquidity providers in the market.
Market Instruments
GWG offers investors a range of financial instruments including Forex (80+ currency pairs), Metals, Indices, Commodities and Cryptocurrencies.
Accounts & Leverage
There are 4 different account types to choose from at GWG, namely Standard (minimum deposit of $100), Gold (minimum deposit of $1,000), VIP (minimum deposit of $5,000) and Professional (minimum deposit of $10,000). The deposit currencies are USD, EUR. The maximum leverage is 1:200 for Professional account and 1:30 for the other three accounts.
Spreads & Commissions
The spreads start from 0.9 pips for Standard Account and from 0 pips for Gold, VIP and Professional. Commissions are charged based on the specific market. In terms of Forex commissions, Standard account is for free. Gold charges $7 per lot, and VIP & Professional charges $3.5 per lot.
Trading Platform
GWG provides clients with access to the worlds financial markets through the MetaTrader 4 (MT4) platform (iOS/Android/Windows/macOS) which is used by millions of traders around the globe, as well as ZuluTrade, which enables users to locate successful traders that are ranked by ZuluRank, a proprietary performance evaluation algorithm, and follow their trades which are translated into real trades in their own broker accounts.
Deposit & Withdrawal
Funding methods include Decta, EcommPay, Skrill, Przelewy24, Trustly, Neteller, Wire Transfer with Bank of Cyprus, Wire Transfer with Eurobank. Bank wire transfers may take between 1-3 business days to reach GWG and are processed immediately once they are received. Bank Wire withdrawals will be allowed only if the client deposited via the same method, and they will always be processed to the initial source that they came from (same bank account as wire deposit came from). Deposit & withdrawal fees are zero.
Trading Hours
The trading times at GWG depend on the specific market. For instance, the trading hours (GMT) of foreign currencies and precious metals are 21-05 (Sunday) – 21-00 (Friday) and 22-00 (Sunday) – 21-00 (Friday) respectively.
Accepted Countries
GWG does not offer services to residents of certain jurisdictions such as the USA, British Columbia, Canada, Australia, Belgium, Japan, Islamic Republic of Iran, Sudan, Syria and North Korea and some other jurisdictions.
Customer Support
24/5 customer service is available at GWG. Clients who have questions or concerns can phone at (357) 22008100 or email at support@gwglobalfx.com.
Risk Warning
Trading in Forex, CFDs, Commodities Indices and any other underlying variables involve a high level of risk. 76% of retail investor accounts lose money when trading CFDs with GWG. It is possible to lose all your invested capital. Such Financial Products may not be suitable for you, and you should make certain that you understand all the risks involved.
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