Search

GWG Forex broker specializes in providing foreign exchange trading services, the company's official website https://www.gwglobalfx.com/register, the company's legitimate regulatory information CyprusCYSECStraight Through Processing (STP), to enhance the security of the company's address 18 Kyriakou Matsi Avenue, Victory Tower, Office 302, Nicosia 1082, Cyprus.

GWG Forex Broker

Basic information

Registered region
Cyprus
Operating period
--
Company Name
GWG (Cyprus) Ltd
Abbreviation
GWG
Company employee
--
Customer Service Email Address
support@gwglobalfx.com
Contact number
(357)22008100
Company address
18 Kyriakou Matsi Avenue, Victory Tower, Office 302, Nicosia 1082, Cyprus
Keywords
5-10 years
Regulated in Cyprus
Straight Through Processing (STP)
Suspicious Scope of Business
Medium potential risk

Company profile

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.

Rating Index

Professional

Minimum Deposit
10,000$

VIP

Minimum Deposit
5,000$

GWG Similarly Rated Brokers

Regulated
Land Prime
Land Prime Deposit Guide 2025: Minimum Deposit Requirements, Methods, and Proces
4.86
Score
Offshore Regulated
GOFX
gofx Deposit Guide 2025: Minimum Deposit Requirements, Methods, and Processes Ex
4.70
Score
Regulated
FXBTG
fxbtg Deposit Guide 2025: Minimum Deposit Requirements, Methods, and Processes E
4.53
Score
Offshore Regulated
VENTEZO
Ventezo Deposit Guide 2025: Minimum Deposit Requirements, Methods, and Processes
4.42
Score
Over-Operation
CXM
CXM Direct Trade: A Comprehensive Review of Your Forex Trading Partner   In the
4.21
Score
Regulated
Direct TT UK
VT Markets Account Type   VT Markets offers various account types to cater to di
4.04
Score
Over-Operation
Midori FX
Midori FX Account Type   Midori FX offers two primary types of trading accounts
4.03
Score
Regulated
LegacyFX
LegacyFX Account Types   LegacyFX offers a variety of account types to cater to
4.02
Score
Regulated
FXPN
fxpn Deposit Guide 2025: Minimum Deposit Requirements, Methods, and Processes Ex
4.00
Score
Offshore Regulated
ArgoTrade
Is Argotrade A Scam?   Introduction   Argotrade positions itself as a notable pl
3.99
Score
Over-Operation
Verbo Capital
Verbo Capital Trade: An In-Depth Review of Your Forex Trading Partner   In the e
3.99
Score
Over-Operation
Sigma
Is Sigma Safe or a Scam?   Introduction   Sigma is an emerging player in the for
3.98
Score
Suspicious Clone
LHCM
LHCM Deposit Guide 2025: Minimum Deposit Requirements, Methods, and Processes Ex
3.98
Score
Regulated
Tradition
Having a license
3.95
Score
Regulated
VIEXS
Is VIEXS Safe or Scam?   Introduction   VIEXS, a relatively new player in the fo
3.95
Score
Over-Operation
Luxe Markets
3.94
Score
Regulated
AGBK Broker
Having a license
3.93
Score
Suspicious Clone
Advanced Markets
Advanced Markets Trade: A Comprehensive Review   The foreign exchange market pla
3.92
Score
Over-Operation
TenetLime
No license plate
3.90
Score
Offshore Regulated
77markets
77Markets Trade: A Comprehensive Review of the Forex Broker   The foreign exchan
3.90
Score
Over-Operation
Raze Markets
Raze Markets Account Type   Raze Markets offers several account types designed t
3.90
Score
Over-Operation
STOICFX
No license plate
3.89
Score
Offshore Regulated
Dollars Markets
dollars markets Complete Account Guide: Registration, Account Opening, and Login
3.88
Score
Over-Operation
Global Trade Finance
Is Global Trade Finance Safe or Scam?   Introduction   Global Trade Finance, a b
3.88
Score
Regulated
4xHub
4xhub Account Types   4xhub offers three different types of trading accounts to
3.86
Score
Over-Operation
Easy Trading Online
Easy Trading Online Trade: A Comprehensive Review   In today's fast-paced financ
3.86
Score
Over-Operation
BeeMarkets
3.86
Score
Offshore Regulated
QuantixFS
Having a license
3.85
Score
Over-Operation
MEGA FUSION GROUP
No license plate
3.80
Score
Regulated
Peaksight
Having a license
3.69
Score
Over-Operation
AEFOREX
AEFOREX Account Type   AEFOREX offers several types of trading accounts to cater
3.69
Score
Over-Operation
Relianz Forex
3.67
Score
Regulated
JFM
jfm Deposit Guide 2025: Minimum Deposit Requirements, Methods, and Processes Exp
3.65
Score
Over-Operation
Absa
No license plate
3.63
Score
Over-Operation
F-wise Capital
3.63
Score
Regulated
HC
Having a license
3.61
Score
Regulated
TRADE.COM
TRADE.COM Complete Account Guide: Registration, Account Opening, and Login Proce
3.55
Score
Offshore Regulated
OtetMarkets
Otetmarkets Deposit Guide 2025: Minimum Deposit Requirements, Methods, and Proce
3.53
Score
Over-Operation
FXFlat
fxflat Complete Account Guide: Registration, Account Opening, and Login Processe
3.43
Score
Offshore Regulated
GULF BROKERS
Gulf Brokers Trade: A Comprehensive Review of Trading Conditions and Platforms
3.41
Score
Over-Operation
Taurus
Taurus Deposit Guide 2025: Minimum Deposit Requirements, Methods, and Processes
3.41
Score
Offshore Regulated
PROFIT
WinX Brokers Account Type   WinX Brokers offers various account types tailored t
3.39
Score
Offshore Regulated
morningfx
MorningFX Trade: A Comprehensive Review of the Forex Broker   The foreign exchan
3.37
Score
Offshore Regulated
WINGO
Wingo Trade: A Comprehensive Review of Wingo Markets   Introduction   In the eve
3.34
Score
Over-Operation
UPFX
upfx Deposit Guide 2025: Minimum Deposit Requirements, Methods, and Processes Ex
3.32
Score
Offshore Regulated
CG FinTech
cg fintech Complete Account Guide: Registration, Account Opening, and Login Proc
3.25
Score
Over-Operation
MTrading
Is MTrading A Scam?   Introduction   MTrading is an online forex broker that has
3.16
Score
Over-Operation
Super Forex
Super Forex Deposit Guide 2025: Minimum Deposit Requirements, Methods, and Proce
3.08
Score
FirewoodFX
FirewoodFX Deposit Guide 2025: Minimum Deposit Requirements, Methods, and Proces
2.22
Score
Revoked
FXCL
FXCL Account Type   FXCL offers a variety of trading accounts tailored to meet t
2.22
Score

Latest Reviews

FX1319692902

FX1319692902

Indonesia

I have been going back and forth when it came to online trading brokers for years. None of them completely fulfilled my desires. That was until I found GWG and I fell in love! No withdrawal or depositing issues, good rates, no hidden fees or costs, and a plethora of trading assets, tools, and educational resources meant to help the trader and not make them lose money.

Positive

2023-03-01

FX2871963547

FX2871963547

Hong Kong

Do not withdraw since April, until now, the position has been liquidated. In the beginning, it was said that it was 10% risk control..

Exposure

2022-08-17

GWG Forex Broker has an overall rating of 3.90, Regulatory Index 4.29, License Index 2.16, Business Index 7.88, Software Index 4.00 Risk Control Index 8.22.