NEXT: Collective Punishment Policy: Unveiling the Truth Behind Frozen Funds
CWG Markets, a so-called “veteran” forex broker, operates under a cloud of ambiguous identities and questionable practices. By leveraging an absurd “joint liability” clause, the company frequently obstructs or outright refuses traders’ legitimate withdrawal requests. What lies behind this facade? Let’s uncover the hidden truths about CWG Markets.
The Multiple Identities of CWG Markets
CWG Markets’ operations involve three separate entities:
- CWG Markets Ltd… (registered in Saint Vincent)
- CWG Markets Limited (registered in the UK)
- CWG Markets Ltd. (another Saint Vincent company)
While the names are strikingly similar, their registered addresses differ entirely, creating significant confusion.
The trading platforms provided by CWG further compound this issue. Clients using the MT4 platform connect to CWG Markets Ltd…, whereas MT5 users connect to CWG Markets Limited. Curiously, the MT4 platform is registered with an office address in Malaysia, despite all the companies being officially registered in Saint Vincent. This raises serious questions about the legitimacy of their operations.
Further investigation reveals that CWG’s Chinese website domain (cwgchinese.com) was registered on July 15, 2019, while the domain linked to their MT4/5 platforms (cwgsvg.com) was registered just 10 days later, on July 25, 2019. Both domains share the same registrant information. Could this intricate setup have been premeditated to deceive?
