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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
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.

LeverageBrokerCommission

Related broker

Regulated
WZG
Company name:万洲金业集团有限公司
Score
6.06
Website:https://en.wzg.com
2-5 years | Regulated in Hong Kong China | Type AA License | High potential risk
Score
6.06

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