MWNG Forex Broker

Note: MWNG's official website: http://mwngmarket.com/mwng_en/index.php is normally inaccessible.MWNG Information MWNG is an unregulated brokerage company registered in China. There are forex, commodities, indices, and share CDFs. MWNG provides maximum leverage up to 1:500, spread from 0.0, and a minimum deposit of $100. While the broker's official website has been closed, so traders cannot obtain more security information.Is MWNG Legit? MWNG is not regulated, which will increase trading non-compliance and reduce traders investment security. Caution is advised when dealing with the company. After a Whois query, we found that this company's domain name is for sale, which shows that this company has not registered it securely.Downsides of MWNGUnavailable Website The website of MWNG is inaccessible, raising concerns about its reliability and accessibility.Lack of Transparency Since MWNG does not explain more transaction information, especially regarding fees and services, this will bring huge risks and reduce transaction security.Regulatory Concerns MWNG is not regulated, which is less safe than a regulated one.Withdrawal Difficulty According to a report on WikiFX, many users encountered significant difficulties with fund withdrawals. The issue remained unresolved despite the request being pending for a long time.Negative MWNG Reviews on WikiFX On WikiFX, “Exposure” is posted as a word of mouth received from users. Traders must review the information and assess risks before trading on unregulated platforms. Please consult our platform for related details. Report fraudulent brokers in our Exposure section and our team will work to resolve any issues you encounter. Currently, there are 34 pieces of MWNG exposure. Exposure. Cannot withdrawClassificationUnable to WithdrawDate2020-2021Post CountryUnited Kingdom/Philippines/Thailand You may visit: https://www.wikifx.com/en/comments/detail/202109165122840123.html https://www.wikifx.com/en/comments/detail/202107021352608300.html https://www.wikifx.com/en/comments/detail/202106283502401615.html.Conclusion MWNG Since the official website cannot be opened, traders cannot get more information about security services. In addition, the unregulated status and unregistered domain name indicate that the broker's trading risks are high. Traders can learn more about other brokers through WikiFX. Information improves transaction security.