GWG (Cyprus) Ltd is a Cyprus Investment Firm authorized and regulated by the Cyprus Securities and Exchange Commission (License Number 291/16) since 2016. The Company provides investment and ancillary services in accordance with its authorization and in compliance with the European Markets in Financial Instruments Directives (MiFID and MiFID II) and the Cyprus Investment Services and Activities Regulated Markets Law of 2007 (Law 144(I)/2007)
What is GW Trade？
GW Trade is a regulated brokerage offering a range of trading services since 2016. They provide access to various financial instruments, including Forex, Metals, Cryptocurrencies, and more, through the MT5 platform. With segregated accounts, negative balance protection, and 24/5 customer support, GW Trade ensures a secure and efficient trading experience for clients.
Pros & Cons of GW Trade
Pros:
CySEC Regulation: GW Trade is authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC), providing a level of trust and security for traders.
Diverse Instruments: The platform offers a wide range of financial instruments, including Forex, Metals, Cryptocurrencies, Indices, Stocks, and Futures, providing ample trading opportunities.
Advanced Platforms: Traders have access to advanced trading platforms like MT5, available on desktop, mobile, and web, equipped with powerful tools and features for analysis and execution.
Safety Measures: GW Trade offers segregated accounts in major banks and negative balance protection, ensuring the safety of client funds.
Cons:
Restricted Jurisdictions: The platform is not available to residents of certain jurisdictions,including the USA, British Columbia, Canada, and more, limiting accessibility for some traders.
Complexity for Beginners: The advanced trading platforms and diverse range of instruments are overwhelming for novice traders, requiring a learning curve.
Is GW Trade Safe？
It is regulated by the Cyprus Securities and Exchange Commission (CySEC) with a Cyprus Securities Trading License of No.291/16. This regulatory framework ensures that GW Trade operates in compliance with laws and regulations, providing a level of safety and security for traders.
Additionally, GW Trade offers segregated accounts for client funds. This means that client funds are held separately from the company's operational funds, reducing the risk of loss in the event of insolvency. The brokerage also provides negative balance protection, ensuring that clients cannot lose more than their initial investment, further enhancing the safety of trading with GW Trade. Furthermore, GW Trade is a member of the Investor Compensation Fund (ICF). This means that clients are eligible for compensation in the unlikely event that GW Trade is unable to fulfill its financial obligations.
Market Instruments
GW Trade provides traders with access to a wide range of trading instruments across six different asset classes. Traders can choose from 80 major, minor, and exotic CFD currency pairs in the Forex market, 16 global indices as CFDs, commodities such as Brent Crude Oil and WTI, and CFDs on metals including Gold and Silver. Additionally, GW Trade offers the ability to trade CFDs on the most famous and high-profile stocks, as well as more than 35 cryptocurrencies. Traders can also participate in the futures market by trading CFDs on futures contracts. This diverse range of products allows traders to build a diversified portfolio and take advantage of opportunities in various markets.
GW Trade Accounts
GW Trade offers a variety of account types to meet the needs of different traders.
The Standard Account requires a minimum deposit of €100, suitable for beginners or those seeking a straightforward trading experience. It provides access to the Forex market with a maximum leverage of 1:30.
The Silver Account, with a minimum deposit of €1,000, offers a wider range of trading instruments, including Forex, Metals, Cryptocurrencies, Energies, Indices, Stocks, and Futures.
For more experienced traders, the Gold Account requires a minimum deposit of €5,000 and offers tighter spreads, along with a 25% margin hedge. It provides access to the same range of instruments as the Silver Account.
The VIP Account, with a minimum deposit of €20,000, is designed for high-net-worth individuals or advanced traders seeking premium features. It offers the same range of instruments as the Gold Account, with a 25% margin hedge.
The Professional Account requires a minimum deposit of €50,000 and is tailored for professional traders with a high level of capital and sophisticated trading strategies. It offers the highest maximum leverage of 1:200.
GW Trade Fees Review
GW Trade offers a range of account types with varying fee structures. While the Standard, Silver, Gold, and VIP accounts do not charge commissions for trading Forex, Metals, Cryptocurrencies, Energies, Indices, Stocks, and Futures, the Professional account does.
GW Trade's Professional Account charges commissions for various trading instruments. For Forex trading, the commission is EUR/USD 4, while for Metals, it is also EUR/USD 4. Cryptocurrency trading does not incur any commissions. For trading Energies, the commission is EUR/USD 3, for Indices it is EUR/USD 2, for Stocks it is EUR/USD 3, and for Futures it is EUR/USD 2.
Additionally, there is a withdrawal fee of EUR 5 for all accounts and all payment methods. GW Trade also charges an inactivity fee of EUR/USD 25 for accounts that remain inactive for 3 months.
GW Trade App Review
GW Trade offers the MetaTrader 5 (MT5) platform, providing traders with a comprehensive and user-friendly trading experience. MT5 is renowned for its advanced charting tools, technical analysis capabilities, and support for automated trading strategies. Available on desktop, web, and mobile devices, GW Trade's MT5 platform ensures traders can access their accounts and trade from anywhere at any time. The platform also offers a trading experience with fast execution and reliable performance, along with built-in economic calendars, real-time market news, and analysis tools to aid in making informed trading decisions.
Research & Education
GW Trade provides a range of educational resources. These resources aim to empower traders with the knowledge and skills needed to succeed in the financial markets.
Introduction courses offer beginners a basic understanding of trading principles and how the markets work, while in-depth courses delve into more advanced topics for experienced traders looking to enhance their strategies. Ebooks provide in-depth insights into various aspects of trading, and the FX Glossary helps traders understand the terminology used in the forex market. Additionally, the Economic Calendar Tutorial helps traders understand how economic events can impact the markets and how to use this information in their trading decisions.
Customer Service
To contact GW Trade, you can reach them via telephone at +357 22 008 100 or send an email to support@gwtrade.eu. Additionally, you can use the web-based chat on their website or fill out the contact form available on their website. They are also active on social media platforms such as Instagram, LinkedIn, Facebook, and YouTube, where you can connect with them and stay updated on their latest news and updates.
Conclusion
GW Trade, regulated by CySEC, offers a secure trading environment with segregated accounts and negative balance protection. Through the MT5 platform, traders gain access to a diverse range of financial instruments. While the platform caters to both beginners and experienced traders with its advanced tools, accessibility is limited for residents of certain jurisdictions such as the USA, British Columbia, Canada, Australia, and more.
Frequently Asked Questions (FAQs)
Is GW Trade regulated？
Yes, GW Trade is regulated by the Cyprus Securities and Exchange Commission (CySEC).
What trading platforms does GW Trade offer？
GW Trade offers the MetaTrader 5 (MT5) platform.
What is the minimum deposit for opening an account with GW Trade？
The minimum deposit for a Standard Account is EUR 100, with varying minimum deposits for other account types.
Does GW Trade charge commissions？
Yes, commissions are charged for the Professional Account, varying for different trading instruments.
What is the inactivity fee for GW Trade accounts？
GW Trade charges an inactivity fee of EUR/USD 25 for accounts that remain inactive for 3 months.
Risk Warning
The information provided is based on WikiStock's expert evaluation of the brokerage's website data and is subject to change. Besides, online trading entails substantial risks, potentially leading to total loss of invested funds, so comprehending associated risks before engaging is crucial.
