WZG Spreads, leverage, minimum deposit Revealed

WikiFX | 2024-10-22 17:48

Abstract：Wan Zhou Gold Group Limited (WZG) is a recently established company headquartered in Hong Kong. Regulated by the Chinese Gold & Silver Exchange Society, they specialize in the trading of London Gold and London Silver. WZG provides a secure and regulated platform for individuals interested in investing in precious metals. They offer popular trading platforms like MT4 and MT5, enabling clients to execute trades efficiently and access real-time market data. 　　WZG has several channels of customer support, offering various communication channels such as a contact number, email, and live chat. Additionally, they provide educational resources including news updates, newsletters, financial reviews, an encyclopedia, exchange rates, and a help chat feature.

WZGReview Summary
Founded	2017
Registered Country/Region	Hong Kong
Regulation	Regulated
Market Instruments	London goldLondon silver
Demo Account	✅
Leverage	/
Spread	$20 / lot, $100 /lot
Trading Platform	Self-developed APP SystemMT4
Min Deposit	$70
Customer Support	Phone: (+852) 2388 9560
Customer Support	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.

Pros and Cons

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

Is WZG Legit?

Regulated Region	Regulated Authority	Regulated Entity	License Type	License Number	Current Status
	CGSE	萬洲金業集團有限公司	Type AA License	141	Regulated

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.

Drag the verification slider to complete the puzzle, fill in the obtained SMS verification code, and click Next.

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 Platform	Supported	Available Devices	Suitable for
Self-developed APP System	✔	Mobile	All traders
MT4	✔	Desktop, Mobile	Beginner
MT5	❌

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.