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No Regulation
Score
1.49 /10
Danger
MWNG
2-5 yearsSuspicious Regulatory License
Suspicious Scope of Business
High potential risk
Add brokers
Comparison
Quantity 35
Exposure
Open Account
Website
Score
Regulatory Index0.00
Business Index6.85
Risk Management Index0.00
Software Index4.00
License Index0.00
The WikiFX Score of this broker is reduced because of too many complaints!
Open Account
Website
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
open now
Check whenever you want
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Warning: Low score, please stay away!
3
Previous Detection :
2025-05-04
- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
- The number of the complaints received by WikiFX have reached 31 for this broker in the past 3 months. Please be aware of the risk and the potential scam!
WikiFX Verification
Exposure
35 pieces of exposure in total Pyramid scheme complaint
ExposeNote: MWNG's official website: http://mwngmarket.com/mwng_en/index.php is normally inaccessible.
MWNG Information
MWNG is an unregulated brokerage company registered in China. There are forex, commodities, indices, and share CDFs. MWNG provides maximum leverage up to 1:500, spread from 0.0, and a minimum deposit of $100. While the broker's official website has been closed, so traders cannot obtain more security information.
Is MWNG Legit?
MWNG is not regulated, which will increase trading non-compliance and reduce traders investment security. Caution is advised when dealing with the company.
After a Whois query, we found that this company's domain name is for sale, which shows that this company has not registered it securely.
Downsides of MWNG
- Unavailable Website
The website of MWNG is inaccessible, raising concerns about its reliability and accessibility.
- Lack of Transparency
Since MWNG does not explain more transaction information, especially regarding fees and services, this will bring huge risks and reduce transaction security.
- Regulatory Concerns
MWNG is not regulated, which is less safe than a regulated one.
- Withdrawal Difficulty
According to a report on WikiFX, many users encountered significant difficulties with fund withdrawals. The issue remained unresolved despite the request being pending for a long time.
Negative MWNG Reviews on WikiFX
On WikiFX, “Exposure” is posted as a word of mouth received from users.
Traders must review the information and assess risks before trading on unregulated platforms. Please consult our platform for related details. Report fraudulent brokers in our Exposure section and our team will work to resolve any issues you encounter.
Currently, there are 34 pieces of MWNG exposure.
Exposure. Cannot withdraw
| Classification | Unable to Withdraw |
| Date | 2020-2021 |
| Post Country | United Kingdom/Philippines/Thailand |
You may visit: https://www.wikifx.com/en/comments/detail/202109165122840123.html https://www.wikifx.com/en/comments/detail/202107021352608300.html https://www.wikifx.com/en/comments/detail/202106283502401615.html.
Conclusion
MWNG Since the official website cannot be opened, traders cannot get more information about security services. In addition, the unregulated status and unregistered domain name indicate that the broker's trading risks are high. Traders can learn more about other brokers through WikiFX. Information improves transaction security.
35
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