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About WikiFX

Score

0 1 2 3 4 5 6 7 8 9
.
0 1 2 3 4 5 6 7 8 9
0 1 2 3 4 5 6 7 8 9
/10
The broker's WikiFX Score has been lowered due to a high volume of unresolved client complaints.

WZG

Hong Kong Hong Kong | 2-5 years |
Regulated in Hong Kong | Precious Metals Trading (AGN) | MT5 Full License | High Potential Risk

https://en.wzg.com

Website

Rating Index

Regulation 7.36 Tech 6.69 Reputation 5.38 Business 6.80 Risk Control 7.12
6.54

MT4/5 Verification

MT4/5

Full License

WZGoldGroup-Server

China
China
MT5
7

Influence

B

Influence Index NO.1

China China 7.03
The broker's WikiFX Score has been lowered due to a high volume of unresolved client complaints.

MT4/5 Verification

MT4/5 Verification

Full License

7
Server Name
WZGoldGroup-ServerMT5
Server LocationChinaChina

Influence

Influence

B

Influence Index NO.1

China China 7.03
Surpassed 65.40% brokers
Business Region Search Statistics Ad Campaigns Social Media Index

Contact

+852 2388 9560
https://en.wzg.com
VPS Standard
No Broker Account Restrictions

Single Core

1G

40G

1M*ADSL

Open
WikiFX Risk Alerts
  • WikiFX has recorded a total of 31 user complaints against this broker. Please be aware of the high risks and exercise extreme caution.
2

Basic Information

Registered Region
Hong Kong Hong Kong
Operating Period
2-5 years
Company Name
万洲金业集团有限公司
Abbreviation
WZG
Employees
--
Email
cs@wzg.com
Contact Number
+85223889560
Company Website
FX3904758592

FX3904758592

Unverified

Hong Kong

The system had a serious slippage problem, and what's most disgusting was that it draws its own lines. Around 5 PM today, just before the market closed, I shorted at 4520. Thinking it would open lower tomorrow, I didn't close the position. After shorting at 4520, I placed a stop-loss order at 4510. At the last second before the market to be closed, a huge bullish candle suddenly appeared, and I suspected something was wrong. It suddenly rose 20 points! I checked other platforms, including Jinshi and XM, but none of them showed this huge bullish candle. I was shocked to see that only WZG had this sudden rise. Don't trade on these platforms; they're practically a scam. Image 1 is from Jinshi, Image 2 is from XM's MT5, and Image 3 is from WZG (Wanzhou Gold). Disgusting platform.

FX2733942866

FX2733942866

Unverified

Hong Kong

Internal manipulation of candlestick patterns Random spikes appear, yet no spikes show on other platforms or spot gold charts. Customer service claims we shouldn't compare with spot gold or other platforms. I'm not trading spot gold. They keep using official jargon: “legitimate,” “compliant.” “If you disagree, file a complaint in Hong Kong.” When issues surfaced, I lost 160,000 yuan in two months. After reporting to police, they immediately froze my account—now I can't log in. #MyFirstTrade #ScamPlatform #PonziScheme #BeginnersTechnicalGuidance

FX2733942866

FX2733942866

Unverified

Hong Kong

Internal manipulation of candlestick patterns with arbitrary spikes—no such spikes appear on other platforms or spot gold charts. Customer service claims we shouldn't reference spot gold or other platforms. I'm not trading spot gold. They consistently use official jargon about “legitimacy,” threatening to send complaints to Hong Kong. After discovering issues, I lost 160,000 yuan over two months. When I reported it to the police, they immediately locked my account, preventing login.

中福街之狼

中福街之狼

Unverified

Hong Kong

Even with barely enough left for a pair of underwear, he still only withdrew half the funds and made me wait for the other half. What a platform with no sense of scale.

靠谱3152

靠谱3152

Unverified

Hong Kong

Seeing others expose you for not processing withdrawals despite making profits!! Is this how you play at the Hong Kong International Financial Centre? Watch out for triad members knocking on your door.

FX1617110504

FX1617110504

Unverified

Hong Kong

Hello everyone! Today is May 17, 2025. I've been trading Forex and Gold on the WZG platform in Hong Kong. If going long, the price drops instantly, if shorting, it immediately starts moving in the long direction. If hedging, it sweeps within both ranges. WZG is now closed, with data frozen (see the white image). The customer service has shown chats suggesting the market closure. Yet, the ec Markets platform (see the black image), regulated in the UK, is still operational. Their customer service is vague about the situation. It seems the market wasn't closed, but the platform was shut down prematurely. Who covers the losses from those data fluctuations? Their customer service reiterated their legality and regulation by the Hong Kong Gold Business Association, highlighting the importance of understanding a platform thoroughly before choosing.

FX1617110504

FX1617110504

Unverified

Hong Kong

Deposit processing is slow, customer service keeps saying it's being handled, the platform is deliberately stalling for time,

FX1617110504

FX1617110504

Unverified

Hong Kong

The official website states one business day for withdrawals, but in reality, it usually takes more than one business day. Contacting customer service shows they are online, but in practice, they are often offline for long periods.

32
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MT4/5
Full License MT5
Full License MT5
0
MT4 Servers
1
MT5 Servers
211.00
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Average Execution Speed/ms

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Verified Site

  • Hong Kong wzg.com.hk
    8.218.62.149
  • Hong Kong wzggroup.com
    47.243.109.4
  • Hong Kong wzg.com
    47.242.217.68
  • Singapore wzg2.com
    18.140.70.202

Relationship Map

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WZG

Related Companies

WZ GOLD GROUP COMPANY LIMITED(Hong Kong)
Hong Kong
WZ GOLD GROUP COMPANY LIMITED(Hong Kong)
Active
Hong Kong
Registration No.
2536605
Est. Date
萬洲金業集團有限公司 WZ GOLD GROUP COMPANY LIMITED
Hong Kong
萬洲金業集團有限公司 WZ GOLD GROUP COMPANY LIMITED
Active
Hong Kong
Registration No.
--
Est. Date

Company Profile

Company Profile

Review summary

WZGReview Summary
Founded2017
Registered Country/RegionHong Kong
RegulationRegulated
Market InstrumentsLondon goldLondon silver
Demo Account✅
Leverage/
Spread$20 / lot, $100 /lot
Trading PlatformSelf-developed APP SystemMT4
Min Deposit$70
Customer SupportPhone: (+852) 2388 9560
Email: cs@wzg.com

WZG Information

WZG is a Hong Kong registered brokerage established in 2017. Currently, it is under the supervision of CGSE and mainly provides traders with trading opportunities in London Gold and London Silver. In addition, there are two trading platforms for traders to use, which support 0 commission.

WZG Information

Pros and Cons

Pros Cons
Well regulatedNo account information
Zero commission
No charge
Support MT4

Is WZG Legit?

Regulated RegionRegulated AuthorityRegulated EntityLicense TypeLicense NumberCurrent Status
Regulated Region
CGSE萬洲金業集團有限公司Type AA License141Regulated
Regulatory license

What Can I Trade on WZG?

WZG mainly provides you with the opportunity to trade London gold and London silver, you can directly view the live quotes on their official website.

Tradable Instruments Supported
London gold✔
London silver✔
Forex❌
Precious metals & Commodities❌
Indices❌
Stocks❌
Bonds❌
ETF❌

Account Types

WZG didn't provide specific account information.

The WZG account opening process is as follows:

  • Log in to Wanzhou official website and click [Open an account] to enter the account opening page. Fill in the mobile phone number, check I have read and agree to the “WH Gold User Agreement”, click to obtain the verification code.
Account Types
  • Drag the verification slider to complete the puzzle, fill in the obtained SMS verification code, and click Next.
Account Types
  • Fill in your real name and ID number and click Next.
  • Set the login password (login password is only used to log in to the Wanzhou Gold Member Center), click Next.
  • Open the account successfully, click [Complete the questionnaire immediately].
  • Fill in the questionnaire and submit it. You can carry out the capital injection transaction.

WZG Fees

London gold spread is $20 / lot, 0 commission; London Silver spread is $100 /lot, 0 commission.

Trading Platform

WZG offers two trading platforms, the Self-developed APP and MT4, which enable traders to use both mobile and desktop.

Trading PlatformSupported Available Devices Suitable for
Self-developed APP System✔MobileAll traders
MT4✔Desktop, MobileBeginner
MT5❌
Trading Platform
Trading Platform

Deposit and Withdrawal

WZG supports two types of deposit methods: fast online banking (online banking or Alipay payment) and bank remittance (transfer to public banks). Open a trade with a deposit of $70. In addition, it supports 7 days x 24 hours with no deposit or withdrawal time limit.

Company Profile

  • 2-5 years
  • Regulated in Hong Kong
  • Precious Metals Trading (AGN)
  • MT5 Full License
  • High Potential Risk

News

WZG Review 2025: Is This Forex Broker Safe?

Exposure WZG Review 2025: Is This Forex Broker Safe?

WZG, a Hong Kong-based broker established in 2022, holds a license from the Chinese Gold and Silver Exchange Society (HKGX) and offers MT4/MT5 platforms. However, its reputation is currently challenged by a high volume of recent user complaints citing withdrawal delays and platform instability.

Wiki Q&A

Is WZG safe and reliable?

WZG holds a regulatory license from the Hong Kong Gold Exchange (HKGX) for precious metals trading, which provides a recognized oversight framework. According to WikiFX data, the broker carries an overall score of 6.53, indicating a moderate level of reliability. However, multiple user exposure posts have reported issues such as price manipulation, slippage, and withdrawal difficulties, which are important factors to consider when evaluating the broker's safety.

08-08
United Kingdom

Is WZG regulated?

Yes, WZG is regulated. It holds a Precious Metals Trading license (No. 141) from the Hong Kong Gold Exchange (HKGX), a recognized self-regulatory organization for precious metals trading in Hong Kong.

08-08
United Kingdom

What is the minimum deposit of WZG?

The minimum deposit for WZG is not publicly disclosed by the broker. Prospective traders should contact customer service for specific account opening requirements.

08-08
United Kingdom

Does WZG support MT4 or MT5?

WZG supports the MT5 trading platform with a full license, as verified by WikiFX. The broker does not currently offer MT4.

08-08
United Kingdom
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※ WikiFX compiles data from publicly available sources and user contributions. While we endeavor to maintain its accuracy, we do not warrant the information's completeness, accuracy, or timeliness, as it may become outdated. Investors are strongly advised to verify critical details with official sources before making any decisions.
You are visiting the WikiFX website. WikiFX Internet and its mobile products are an enterprise information searching tool for global users. When using WikiFX products, users should consciously abide by the relevant laws and regulations of the country and region where they are located.
consumer hotline:006531290538
Official Email:support@wikifx.com;
Mobile Phone Number:234 706 777 7762;61 449895363
Telegram:+60 103342306
Whatsapp:+852-6613 1970;
License or other information error corrections, please send the information to:qa@wikifx.com
Cooperation:business@wikifx.com