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HWG

Saint Vincent and the Grenadines|2-5 years|
MT4 Full License|Regional Brokers|High potential risk|

https://hwgsecurities.com/

Website

Rating Index

MT4/5 Identification

MT4/5 Identification

Full License

2
Server Name
HWGSecurities-Demo MT4
Server Location United Kingdom

Contact

+61 (0) 383 766 284
support@hwgsecurities.com
https://hwgsecurities.com/

Licenses

No valid regulatory information, please be aware of the risk!

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

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Contact number

English

+61 (0) 383 766 284

Broker Information

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Company Name

HWG Securities Ltd

Company Abbreviation

HWG

Platform registered country and region

Saint Vincent and the Grenadines

Company website

Pyramid scheme complaint

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Warning: Low score, please stay away!
Previous Detection : 2024-06-19
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

WikiFX Verification

HWG · WikiFX Survey

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HWG · Company Summary

Note: HWGs official site - https://hwgsecurities.com/ is currently not functional. Therefore, we could only gather relevant information from the Internet to present a rough picture of this broker.

HWG Review Summary
Company Name HWG Securities Ltd
Registered Country/Region Saint Vincent and the Grenadines
Regulation No Regulation
Market Instruments Forex, metals, bonds, cryptocurrencies.
Demo Account Available
Leverage 1:1000
EUR/USD Spread 0.7 pips
Trading Platform MT4
Minimum Deposit $15
Customer Support Tel: +61 (0) 383 766 284; Website: https://hwgsecurities.com/, support@hwgsecurities.com

What's HWG?

HWG Securities is a retail trading brokerage firm providing access to a diverse range of financial instruments, including forex, precious metals, cryptocurrencies, bonds, and more, for online trading through the MetaTrader 4 platform. Based in Kingstown, Saint Vincent and the Grenadines, regulatory details are currently not available on the broker's website.

HWG

Pros & Cons

Pros Cons
  • High Leverage
  • No Regulation
  • Multiple Market Instruments
  • Official Website Unavailable

Pros:

  • High Leverage: This broker offers a high leverage ratio of up to 1:1000, allowing traders to enter trades of significantly larger value than the capital they possess. Although this can lead to increased profits, it can also amplify potential losses.

  • Multiple Market Instruments: HWG provides a wide range of instruments, such as Forex, metals, bonds, cryptocurrencies.

Cons:

  • No Regulation: HWG is not regulated, which increases risks for clients as the company doesn't have to adhere to any established financial standards nor offer protections typically required by financial regulators.

  • Official Website Unavailable: HWG's official website is currently unavailable which is unable to provide any further information.

Is HWG Legit or a Scam?

  • Regulatory Sight: HWG is currently not regulated by any recognized financial authority. Traders should exercise caution and conduct thorough research before engaging with HWG.

No license
  • User Feedback: Users should check the reviews and feedback from other clients to gain a more comprehensive sight of the broker, or look for reviews on reputable websites and forums.

  • Security Measures: So far we haven't found any information about the security measures for this broker.

Market Instruments

HWG provides a selection of market instruments for traders to engage with, including forex, metals, bonds, and cryptocurrencies.

Traders can access the forex market to trade currency pairs and take advantage of currency fluctuations.

The platform also offers opportunities to invest in precious metals like gold and silver, providing a hedge against market volatility.

Additionally, traders can explore bond trading for fixed income investments and diversification.

For those interested in the growing market of cryptocurrencies, HWG offers access to digital assets like Bitcoin and Ethereum, allowing traders to capitalize on the potential opportunities in this emerging asset class.

Account Types

HWG provides flexibility to traders by offering two types of accounts: the Standard account and the ECN account.

The Standard account is suitable for traders looking for simplicity and ease of use, with a minimum deposit of $15.

On the other hand, the ECN account ($2,000 minimum deposit) is designed for more experienced traders who require direct access to the market with tighter spreads and faster execution speeds.

Leverage

HwgSecurities offers leverage as high as 1:1000. This means that traders can control a position up to 1000 times the amount of their deposited funds.However, it also comes with significant risks, as it can amplify potential losses if the market moves against the trader's position.

Spreads & Commissions

When evaluating the trading conditions through a demo account, it was observed that the benchmark EUR/USD spread fluctuated around 0.7 pips, a competitive rate that adds to the attractiveness of trading with this platform.

Additionally, the absence of trading commissions further enhances the cost-effectiveness of trading activities.

These favorable trading conditions not only contribute to reducing trading costs but also make it more appealing for traders looking to maximize their potential profits. By offering tight spreads and commission-free trading, the platform provides traders with a competitive edge and a cost-efficient environment to execute their trading strategies effectively.

Trading Platforms

HWG Securities empowers traders with access to the popular MT4 trading platform, renowned for its user-friendly interface and robust features since its development in 2005. This platform offers a seamless trading experience, enabling users to execute trades across all available financial instruments effortlessly.

The MT4 platform's intuitive design and functionality make it a preferred choice for traders of all levels, providing a reliable and efficient trading environment to capitalize on market opportunities and enhance their trading performance.

Customer Support

HWG offers comprehensive customer support to its clients. Clients can reach out to HWG through various channels.

  • Telephone: Clients can call their number +61 (0) 383 766 284 for any queries.

  • Email: The firm offers assistance through email atsupport@hwgsecurities.com.

Conclusion

HWG is an unregulated broker posing a considerable risk for potential clients. While it offers low spread and a wide range of market instruments including forex, metals, bonds, cryptocurrencies. Its official website is currently unfunctional. If you are interested in this broker, you should be cautious, and do thorough research.

Frequently Asked Questions (FAQs)

Question: What is the leverage offered by HWG?

Answer: HWG offers a high maximum leverage of 1:1000 for all account types.

Question: Is HWG a regulated broker?

Answer: No, HWG does not operate under the regulation of any known financial body.

Question: How much is the minimum deposit of HWG?

Answer: It requires a minimum deposit of $15 for standard account, $2000 for ECN account.

Question: What is the trading Platform offered by HWG

Answer: MT4.

Risk Warning

Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies.

News

HWG review – Is HWG scam or good forex broker?

NewsHWG review – Is HWG scam or good forex broker?

2021-12-14 13:32

Hwg says to be a safe and trustworthy broker, offering superior trading conditions with a choice of two account types, leverage as high as 1:1000, and a good selection of trading instruments, including well over 50 currency pairs, and lots of CFDs on precious metals, oil, stocks, 13 major indices and some crypto coins like Bitcoin, Ethereum, Litecoin, Ripple and Bitcoin Cash. And all of that comes on a well known platform – MetaTrader4. The offer may surely seem attractive, if only HwgSecurities was a legit broker. Unfortunately they are not. They have no legit forex license and they are based offshore, which significantly lowers their credibility.

WikiFX
2021-12-14 13:32
News
HWG review – Is HWG scam or good forex broker?

User Reviews

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嘉少
more than one year
Scam Call! Received a call from this company today. This call was unsolicited and they weren't specific on how they gathered my information. After I mentioned I wasn't interested in this platform and requested for them to please delete my information, the answer I received was that they weren't interested in deleting my information and hung up the call on me.
2023-03-14 18:27
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0
0
辉哥
more than one year
I submitted my withdrawal last year, till now I still haven't received any money. I emailed them and they said that there are too many withdrawals at the moment and I am in the queue. What!!!??? Half a year already and I am still in the queue. I have asked someone to go to their St Vincent's and Grenadines office, there is no office there for HWG at all. Totally a scam.
2023-02-22 16:24
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