CBroker Review 2026
CWG Markets
4/5.0 — CWG Markets is a FSCA-regulated broker offering cwg markets is an emerging fsca-regulated broker focused on african clients, offering forex and cfd trading with zar account support.
- Regulated By
- FSCAFSC
- Minimum Deposit
- $100
- Max Leverage
- Up to 1:500
- Platforms
- MetaTrader 5
- Founded
- 2020
South Africa Info
Regulatory status and payment options for SA traders
Always verify a broker's FSCA registration status directly on the official FSCA website before depositing funds. Regulatory details may change. South African traders should only use brokers with valid FSP licences. Verify on FSCA Register
Typical Spreads
Average spreads and commission per instrument
| Instrument | Avg Spread (pips) | Commission |
|---|---|---|
| EUR/USD | 1.2 | No commission |
| GBP/USD | 1.5 | No commission |
| USD/JPY | 1.3 | No commission |
| XAU/USD (Gold) | 0.4 | No commission |
| USD/ZAR | 45 | No commission |
Spreads shown are averages during normal market conditions and may widen during periods of low liquidity or major news events. Commission figures apply to the raw/ECN account type where stated.
Frequently Asked Questions — CWG Markets
About CWG Markets
CWG Markets is an emerging FSCA-regulated broker focused on African clients, offering forex and CFD trading with ZAR account support.
Available Instruments
Regulation
Key Features
- FSCA regulated
- ZAR accounts available
- Local African payment support
- MetaTrader 5 platform
Our Verdict — CWG Markets
CWG Markets is a growing FSCA-regulated broker catering well to the African market with ZAR accounts and local payment support.
Best For
South African and African traders seeking a locally regulated broker with ZAR account access.
Not Ideal For
Traders who require a long established track record or a wider range of trading platforms.
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