GWG Forex Broker keeps up-to-date with the latest trading account information, including Professional, VIP, Pro, Standard, Gold maximum leverage of 1:200, trading varieties, and more
Rating Index
Pros
Regulated by the Cyprus Securities and Exchange Commission (CySEC), providing a level of security and compliance with EU regulations.
Offers the widely-used MetaTrader 4 platform, known for its advanced features and customization options.
Requires a relatively low minimum deposit of $100, making it accessible for new traders.
Cons
Lacks transparency regarding spreads and trading costs, which can be a significant factor for traders when choosing a broker.
Limited information available on account types and trading conditions, potentially leading to confusion for users.
Demo account functionality appears to be unreliable, with reports of issues preventing trades from being executed.
GWG broker Accounts
Professional
Environment
--
Currency
--
Maximum Leverage
1:200
SupportedEA
Minimum Deposit
10,000$
Minimum Spread
--
Depositing Method
--
Withdrawal Method
--
Minimum position
--
Commission
3,5$ Per lot
Products
--
VIP
Environment
--
Currency
--
Maximum Leverage
1:30
SupportedEA
Minimum Deposit
5,000$
Minimum Spread
--
Depositing Method
--
Withdrawal Method
--
Minimum position
--
Commission
3,5$ Per lot
Products
--
Pro
Environment
--
Currency
--
Maximum Leverage
1:30
SupportedEA
Minimum Deposit
3,000$
Minimum Spread
--
Depositing Method
--
Withdrawal Method
--
Minimum position
--
Commission
5$ Per lot
Products
--
Standard
Environment
--
Currency
--
Maximum Leverage
1:30
SupportedEA
Minimum Deposit
100$
Minimum Spread
--
Depositing Method
--
Withdrawal Method
--
Minimum position
--
Commission
0$ Per lot
Products
--
Gold
Environment
--
Currency
--
Maximum Leverage
1:30
SupportedEA
Minimum Deposit
1,000$
Minimum Spread
--
Depositing Method
--
Withdrawal Method
--
Minimum position
--
Commission
7$ Per lot
Products
--
GWG Account Type
GWG (Cyprus) Ltd offers several types of trading accounts to cater to different trading needs. The available account types include:
- Standard Account
- Minimum Deposit: $100
- Maximum Leverage: 1:200
- Spread: Starting from 0.9 pips
- Commission: Free for forex transactions
- Gold Account
- Minimum Deposit: $1,000
- Maximum Leverage: 1:30
- Spread: Starting from 0 pips
- Commission: $7 per lot
- VIP Account
- Minimum Deposit: $5,000
- Maximum Leverage: 1:30
- Spread: Starting from 0 pips
- Commission: $3.5 per lot
- Professional Account
- Minimum Deposit: $10,000
- Maximum Leverage: 1:200
- Spread: Starting from 0 pips
- Commission: $3.5 per lot
- Visit the Website: Go to GWG Trade.
- Register: Click on the 'Register' icon on the homepage.
- Complete the Registration Form: Fill in the required personal details and create a password.
- Verification: You will receive an email with your platform credentials. Log in to your account and upload necessary documents for verification, including:
- Proof of Identity (POI): Valid passport or national ID.
- Proof of Residence (POR): Recent bank statement or utility bill.
- Deposit Funds: Make an initial deposit using your preferred method (minimum $100).
- Start Trading: Once your account is verified and funded, you can begin trading on the platform.
Each account type is designed to provide different trading conditions, allowing traders to choose an account that best fits their trading style and capital.
GWG Broker Account Opening Process
To open an account with GWG (Cyprus) Ltd, follow these steps:
For additional assistance, you can contact customer support via email at support@gwtrade.eu or call +357 22 008 100.
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