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FGWH Spreads, leverage, minimum deposit Revealed

WikiFX | 2024-08-06 13:52

Abstract:FGWH Limited, established in 2021, operates as an unregulated brokerage entity registered in United Kingdom. The platform with MetaTrader 4 (MT4) and MetaTrader 5 (MT5) white label offers complete system service for its clients.

  Note: FGWH's official website: https://www.fgwhm.com/en/ is currently inaccessible normally.

FGWH Information

  FGWH Limited, established in 2021, operates as an unregulated brokerage entity registered in United Kingdom. The platform with MetaTrader 4 (MT4) and MetaTrader 5 (MT5) white label offers complete system service for its clients.

FGWHs homepage

Is FGWH Legit?

  FGWH operates without any regulatory supervision, which raises doubts about its effectiveness. Lack of supervision increases the possibilities of unethical behavior and even fraud. Traders should be more cautious when dealing with FGWH.

No license

Downsides of FGWH

  • Unavailable Website

  Due to the inability to access FCWH's website, customers and stakeholders seeking information are facing difficulies.

  • Lack of Transparency

  FCWH lacks transparency in its cost structure, making it difficult for customers, investors, and regulators to assess its legitimacy and reliability.

  • Regulatory Concerns

  The lack of regulatory oversight increases the risk of fraud, and decreases the safety of transactions.

  • Withdrawal Difficulty

  According to a report on WikiFX, a user encountered difficulties in withdrawing funds and accessing assets.

Negative FGWH Reviews on WikiFX

  As of now, there was only one piece of FGWH exposure in total.

Negative FGWH Reviews on WikiFX

  Exposure. Scam

  The user said that the platform had locked his account, preventing him from withdrawing his funds. You may visit: https://www.wikifx.com/en/comments/detail/Co202303168691703131.html

ClassificationUnable to Withdraw
DateMarch 16, 2023
Post CountryCambodia

Conclusion

  Given FGWH's lack of regulation, trading on the platform has high risks. The absence of regulation raises concerns about security, transparency, and the protection of investments. For greater safety, it is important to choose trading platforms that are regulated by official authorities.

Related broker

No Regulation
FGWH
Company name:FGWH LTD
Score
1.50
Website:https://www.fgwhm.com/en/
5-10 years | Suspicious Regulatory License | Suspicious biz area | High potential risk
Score
1.50

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