FXCG Forex Platform Review: Registered in Anguilla, Fast Execution, But Regulatory and Fund Security Issues Controversy

1. Platform Background and Basic Information

• Name : FXCG

• Place of registration : Anguilla

• Website : https://www.fxcg.tw/

• Tel : +44 20 7097 4323

• Email : [email protected]

FXCG promotes itself as a technology-driven broker, offering 100% DMA straight-through trading, tight spreads, and high execution speeds to retail and institutional clients worldwide, covering forex, precious metals, energy, and some CFD products.

II. Supervision and Compliance

• Registration information : Anguilla offshore registration

• Regulatory Licenses : WikiFX currently does not have any mainstream first-tier regulatory licenses (such as FCA, ASIC, and NFA) publicly available, and only operates in certain regions with local registrations.

• WikiFX's opinion : WikiFX News reports that the platform lacks sufficient regulatory information and fails to disclose its primary regulator, leaving investors without direct regulatory protection for their funds.

Risk Warning : The evaluation on Trading Circle Encyclopedia also mentioned that Anguilla's offshore regulations are lax, and the platform's compliance relies on self-discipline. When encountering financial disputes, it is difficult to defend rights across borders.

3. Trading Conditions and Account Types

• Trading platform : MT4 (desktop/mobile), ECN access

• Account Type : Standard Account, ECN Account, VIP Account

• Minimum deposit : Starting from approximately $100 (depending on account type)

• Leverage : Up to 1:1000 (high leverage increases trading flexibility but also increases risk)

• Spread : Spreads on mainstream currency pairs are as low as 0.3 pips (gold), and the execution speed is said to be 98.5% of orders are filled within 12 milliseconds.

4. Deposits, Withdrawals, and Customer Service Support

• Deposit and withdrawal methods : Bank transfer, Visa/Mastercard, Skrill and other e-wallets

• Withdrawal speed : WikiFX user feedback varies widely, with some claiming funds arrive within hours, while others complain of waiting for days without processing.

• Customer Service Support : Provides online forms and email contact, some users report that customer service responses are not timely

5. User Evaluation Summary

Positive reviews (Tradepedia & Trustpilot) :

• Fast execution and low transaction latency

• Competitive spreads on gold and some foreign exchange

• MT4 is stable and EA is easy to use.

Negative Reviews (WikiFX News & User Complaints) :

• Cases of withdrawal delays or even withdrawal rejections

• Regulatory information is not transparent and there is a lack of security.

• Low customer service efficiency and delayed problem-solving process

6. Main advantages and disadvantages comparison table

VII. Evaluation Conclusion

FXCG excels in trading conditions, execution speed, and technical performance, making it suitable for short-term and high-frequency traders. However, news reports and user complaints regarding WikiFX indicate a weak regulatory background and uncertainty surrounding fund security.

suggestion :

• Before investing large amounts of money, test the deposit and withdrawal channels with a small amount first

• Pay close attention to regulatory changes and platform announcements

• If you prioritize fund security, you can choose a platform that holds top regulatory licenses such as FCA, ASIC, and NFA.