Search

CWSI Forex Broker provides real users with * positive reviews, * neutral reviews and 1 exposure review!

CWSI Broker Review

5.64

WikiFX monitor

Business

Influence D

Risk Control

Risk Manage

CWSI Review 1

Latest All(1) Exposure(1)
Exposure
After causing forced liquidation, the agent blocked clients.

With the attitude of learning, I have observed for a while in the group. The assistant Jia Jia posted teacher’s recommendation on stock trading—position building and selling. Teacher Wang Xiang and master manager Liu and Ji taught lesson every night. On the next morning, they took members to build position. Seeing they making money, I moved. Jia Jia noticed that the second stage needs us to become VIP and use margin accounts. Thus, I opened an account and bound it to my bank card. On her guidance, I profited 20 thousand yuan and extra 4000 thorough several recommended shares. The platform stipulated that 18 yuan rollover will be charged per 10 thousand yuan. Finding that the profit these days remained stable, I doubted that whether teachers manipulated on the stock. At this time, Jia Jia told us that we get an extra opportunity to but the new share.On 18th, I deposited 20 thousand into the margin account, bringing the total to 180 thousand. The price went to a limit down. But Jia told that the position wouldn’t be closed and asked me to add fund. Then my position became liquidated, with all fund gone. My balance became -27275 yuan. Jia explained that someone leaked the information of the stock. To recover the loss, they promised add the quote of the share, asking us to continue adding fund. At that time, I realized that it was a bottomless pit. The only goal is to rip us off.This is my experience. During the process, I was pulled into 3 group, namely, C.04 Dingyao Gathering, Core Dingyao Gathering and Dingyao Gathering—Internal Operation. I deposited 180 thousand in total(deposited 200 thousand and withdrew 20 thousand) and bought the recommended share. As of May 18th, my account has become negative. Notice: The platform will block you after your account becomes liquidated. With the excuse of recovering losses, it will continue to ask you to add fund. Hope CWSI solve it if it blames on the agent. If it blames on the platform, I caution you against it.

繁星36864
2020-05-25

  

Cwsi 2025 Review: Everything You Need to Know

  Cwsi, a Hong Kong-based brokerage, has garnered mixed reviews in the forex trading community. Established in 2014, Cwsi offers a variety of financial services but faces significant scrutiny due to its regulatory status and user experiences. Notably, it has been criticized for its revoked licenses and high minimum deposit requirements, raising concerns about its legitimacy and operational practices.

  Note: Different entities operating under the Cwsi name may have varying regulatory statuses, which is a relevant factor to consider for potential clients. This review aims to provide a fair and accurate assessment based on available information.

  

Ratings Overview

Category Rating (out of 10)
Account Conditions 5
Tools and Resources 6
Customer Service and Support 4
Trading Experience 5
Trustworthiness 3
User Experience 4
Regulatory Compliance 3

  How We Rate Brokers: Our assessment is based on a comprehensive analysis of user experiences, expert opinions, and factual data regarding services offered.

  

Broker Overview

  Cwsi, or Central Wealth Securities Investment Limited, operates primarily in Hong Kong and is a subsidiary of Central Wealth Group Holdings Limited. The brokerage provides a range of trading services, including securities brokerage, margin financing, and asset management. However, it has faced significant regulatory challenges, including the revocation of its futures trading license by the Securities and Futures Commission (SFC) of Hong Kong. Cwsi does not utilize popular trading platforms such as MT4 or MT5, which may limit its appeal to traders accustomed to these tools.

  

Detailed Breakdown

  •   Regulatory Regions: Cwsi operates primarily in Hong Kong but has faced scrutiny regarding its licenses. The SFC has revoked its futures contracts license, and its dealing in securities license has exceeded regulatory standards, raising questions about its compliance.

  •   Deposit/Withdrawal Currencies: Cwsi accepts deposits in Hong Kong dollars (HKD) and does not support cryptocurrencies, which may limit options for some traders.

  •   Minimum Deposit: The minimum deposit to open a trading account with Cwsi is HKD 1,000 for cash accounts and HKD 5,000 for margin accounts. This relatively high entry point may deter novice traders.

  •   Bonuses/Promotions: Currently, Cwsi does not offer any promotional bonuses, which could be a disadvantage compared to competitors that provide incentives for new traders.

  •   Tradeable Asset Classes: Cwsi offers access to various asset classes, including stocks, bonds, and structured products. However, it lacks the depth of forex and CFD offerings found in many other brokerages.

  •   Cost (Spreads, Fees, Commissions): Cwsi implements a variable spread starting from 0.05% for cash accounts and 0.10% for margin accounts. Additionally, it charges a commission of HKD 0.01 per share for cash accounts and HKD 0.02 per share for margin accounts. Other fees, such as a 0.25% commission for phone trading, can add to the overall cost of trading.

  •   Leverage: Cwsi offers leverage of up to 10 times, which can amplify both potential gains and losses, making it crucial for traders to manage their risk effectively.

  •   Allowed Trading Platforms: Cwsi utilizes its proprietary trading platform, which may not be as user-friendly or feature-rich as platforms like MT4 or MT5, potentially impacting the trading experience for users.

  •   Restricted Regions: Cwsi primarily serves clients in Hong Kong, and its services may not be available in all jurisdictions, limiting its global reach.

  •   Available Customer Support Languages: Customer support is available primarily in Chinese and English, which may not cater to all potential clients.

      

  •   

    Summary Ratings

    Category Rating (out of 10) Detailed Explanation
    Account Conditions 5 High minimum deposits deter novice traders.
    Tools and Resources 6 Proprietary platform lacks MT4/MT5 integration.
    Customer Service and Support 4 Mixed reviews on responsiveness and support quality.
    Trading Experience 5 Limited by regulatory issues and platform usability.
    Trustworthiness 3 Revoked licenses raise concerns about legitimacy.
    User Experience 4 User interface and experience rated below average.
    Regulatory Compliance 3 Significant regulatory challenges affect trust.

      Cwsi's mixed reviews highlight significant concerns regarding its regulatory standing and user experience. While it offers a range of services, the revoked licenses and high minimum deposit requirements may deter potential clients. For those considering Cwsi, it's essential to weigh these factors carefully and conduct thorough research before committing funds.

CWSI review