CWG Markets Review
THT's quick verdict
CWG Markets is worth considering if you want to run EAs or copy trades on a small account, need fast deposits and withdrawals, and want to keep trading costs down with an ECN account plus rebates through THT. The broker holds FCA, FSCA and VFSC licenses and has been operating since 2014. We deposited, withdrew and placed test trades with CWG ourselves: withdrawals arrived instantly, with no fees.
Pros & cons
- 3 licenses: FCA (UK, Tier-1), FSCA (South Africa, Tier-2) and VFSC. In business since 2014.
- Verified by THT with real deposits, withdrawals and test trades. Withdrawals arrived instantly and free of charge via local bank transfer, card or crypto.
- ECN spreads from 0.0 pips, plus up to 80% back in rebates when you open your account through THT.
- EAs and copy trading allowed; Cent accounts start at $10.
- MT4/MT5, 500+ instruments, Trading Central, and offices in several countries.
- Promotions come with their own conditions (e.g., swap-free requires at least $1,000 in equity and applies only to certain account types). Read the terms carefully before you claim one.
- The ECN account charges $3 per side ($6 per lot round turn). If you scalp frequently, factor this into your costs.
- Leverage of up to 1:2000 cuts both ways. Set your own limits.
THT Score breakdown
Weighted average of 6 criteria. Same formula for every broker; sponsorship adds no points.
FCA (Tier-1), FSCA (Tier-2) and VFSC licenses. Operating since 2014.
ECN from 0.0 pips + $3 per side; gold spreads from 28 points.
THT tested deposits, withdrawals and trades: withdrawals were instant and free. Local bank transfer, cards and crypto available.
EAs and copy trading allowed; up to 80% rebates via THT.
MT4/MT5, 500+ instruments, Trading Central.
Offices in several countries (UK, Singapore, Dubai, Vietnam and more), plus hotline and email support.
Licenses & safety
CWG operates through several legal entities, each holding its own license. Before you deposit, check which entity is named in your client agreement and verify its license number on the regulator's register.
- License no.
- FRN 785129
- Legal entity
- CWG Markets Ltd (UK)
- License no.
- FSP 54031
- Legal entity
- CWG Markets SA (Pty) Ltd
- License date
- 05/06/2024
The FCA has warned about several clone websites using the CWG Markets name (e.g., cwg-markets.com). Only open an account through the official website or the THT link.
Check before you deposit0/4 checked
Account types
- Min. deposit
- $50
- Spread from
- 1.5 pips
- Commission
- $0
- Max. leverage
- 1:2000
- Stop out
- 50%
- Best for
- Everyday trading, eligible for promotions
- Min. deposit
- $10
- Spread from
- 2.2 pips
- Commission
- $0
- Max. leverage
- 1:1000
- Stop out
- 50%
- Best for
- Testing EAs, very small balances
- Min. deposit
- $200
- Spread from
- 0.0 pips
- Commission
- $3/side ($6/lot round turn)
- Max. leverage
- 1:2000
- Stop out
- 50%
- Best for
- Scalping, lowest overall cost
Swap-free option available · Account currencies: GBP, EUR, USD.
Trading conditions
Deposits & withdrawals
- Withdrawal fee
- Free
- Processing time
- Instant
- Withdrawal fee
- Free
- Processing time
- Instant
- Withdrawal fee
- Free
- Processing time
- Instant
As published by CWG, Oct 2026. Intermediary banks may charge their own fees.
Get back up to of the commission when you trade via THT
- 1Open an account via the THT link
- 2Fill in the form so THT can reach you
- 3Trade as usual
- 4Receive rebates on a regular schedule
Rebates are calculated on real trading volume and do not offset trading losses.
Claim your
Leave your details and the THT team will message you within 24 hours by email, WhatsApp or Telegram to help you open an account and start receiving rebates.
The THT team will message you within 24 hours.
Use with THT solutions
EA THT
Copy Trade
Current promotions
- Standard account, VU MT5 server
- Equity of $1,000 or more
- No swaps on forex and gold
Want the best IB terms at CWG? Talk to THT.
Frequently asked questions
Is CWG Markets trustworthy?
CWG has been operating since 2014 and holds FCA (UK), FSCA (South Africa) and VFSC (Vanuatu) licenses. THT deposited, withdrew and placed test trades ourselves: funds arrived instantly with no fees. Even so, verify the license number on the regulator's register before you deposit. That's what disciplined traders do.
I'm an IB. How can I partner with CWG through THT?
Message THT on Telegram and we'll discuss terms that fit the size of your client base.
What is the minimum deposit?
$10 for a Cent account, $50 for Standard and $200 for ECN.
Which deposit and withdrawal methods does CWG offer?
Local bank transfer (including VND), Visa/Mastercard and crypto. Withdrawals are free and instant.
Does CWG allow EAs and copy trading?
Yes, on MT4 and MT5.
How do I get rebates through THT?
Open your account via the THT link, then fill in the form on this page. The THT team will contact you, confirm your account and walk you through receiving regular rebates.
Similar brokers
Ready to open a CWG account
Open your account via the THT link and get up to 80% of the commission back. Need help with any step? Leave your details or message THT on Telegram.
Risk warning: Trading CFDs, forex and gold carries a high risk of losing money. Rebates do not offset losses. This content is not personalized investment advice.
Sponsored content: CWG Markets sponsors this review. The THT Score uses the same formula for every broker and does not change because of sponsorship.
Information updated Oct 2026 and subject to change. Please check the CWG website.