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PGWG -

Score

1.55 /10
Danger

PGWG

New Zealand

Scam Brokers

5-10 years

Suspicious Regulatory License

Suspicious Scope of Business

New Zealand Financial Service Corporate Revoked

Suspicious Overrun

High potential risk

http://cn.gwgfx.vip/

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Comparison

Quantity 27

Exposure

Time Machine
Website

Score

Regulatory Index0.00

Business Index7.29

Risk Management Index0.00

Software Index4.00

License Index0.00

The WikiFX Score of this broker is reduced because of too many complaints!
Time Machine
Website

Licenses

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

Single Core

1G

40G

open now

Broker Information

More

Company Name

PACIFIC GLOBAL WEALTH GROUP LIMITED

Company Abbreviation

PGWG

Platform registered country and region

New Zealand

Company website

Pyramid scheme complaint

Expose

Check whenever you want

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This platform is a Ponzi Scheme. Please stay away! 8
Previous Detection : 2025-04-30
  • This broker has been verified to be illegal and all of its licences have expired, and it has been listed in WikiFX's Scam Brokers list. Please be aware of the risk!
  • The platform is a Ponzi Scheme, which refers to the use of "principle of value multiplication". In the form of rolling or static fund circulation, it uses the money of next member to pay to the present one, which is essentially a pyramid scheme with the distinction of hidden, deceptive and socially harmful. By calling common person's desire for money, fraudsters in the platform begin raising funds underground. Since this kind of platform mostly will abscond after 1 or 2 years, the fund-raising mode just can exist less than 3 years.

PGWG's Australia Office Address Does Not Exist

As confirmed by the surveyors' field survey, the Austalia licensed broker PGWG's real address is different from its regulatory address. Since the broker's investment advisory license ( Regulatory No: 305908) issued by ASIC and financial services company license ( Regulatory No: 555326) said the broker operated beyond its licensed business scope. In addition, the broker's financial services compan

Danger Australia

WikiFX Verification

Exposure

27 pieces of exposure in total
Pyramid scheme complaint
Expose
Unable to Withdraw

Unable to withdraw

The withdrawal applied in September hasn’t been received all. Now the platform even doesn’t reply to me.

FX2794176247
2020-01-13 15:44
Others

PGWG has absconded. Its official Wechat was collapsed.

The website, https://cn.pgwgfx.com/index.html, is disabled. The customer service is out contact. All my fund was scammed.

MENG21664
2020-02-10 13:57
Others

Scam platform withheld my fund.

My fund was disappeared without sake. The fund deposited was withheld by the scam platform since there was no fund recharged to my account.

FX5814668592
2020-01-05 22:21
Resolved

Unable to withdraw

Even though I locked my position, it became liquidated. The salesman was named Zhang Xuxia. Then he induced me to tarde on PGWG. After I profited 20 thousand dollars, the boss called me, saying that I earned too much so he made my position liquidated. Zhang and the platform were a gang. When he resigned from PGWG , he appealed us to not believe Chen, a garbage in the industry, whom blocked clients and then run away in seclusion. Hope you be vigilant.

YOUNIZHENHAO6699
2020-06-02 13:33

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