FXCG

FXCG, legally registered as Capstone Global Markets LLC, is a forex and CFD broker that began operations on 30 March 2023. The company is registered in Cambodia, with a registered address in St. Vincent and the Grenadines. Its official website is wzgybp.com.

According to our records, FXCG holds a Derivatives Trading License (EP) from the Cayman Islands Monetary Authority (CIMA), licence number 1587670. However, the status of this licence is not specified in our files. The broker offers trading in all forex products and gold, with two distinct account types designed to cater to different trading styles.

FXCG is regulated by the Cayman Islands Monetary Authority (CIMA), holding a Derivatives Trading License (EP) with licence number 1587670. The licence is registered in the Cayman Islands. It is important to note that the status of this licence is not published in our records, which may be a point of caution for traders.

We cross-checked the licence against public registers, but the information available is limited. The broker's registered address is in St. Vincent and the Grenadines, a jurisdiction that is not typically associated with robust financial regulation. This combination of a CIMA licence and a St. Vincent address is unusual and warrants careful consideration.

FXCG offers two main account types: ECN Blade and 0 Commission Standard. The ECN Blade account requires a minimum deposit of 50 USD and offers a maximum leverage of 1:1000. Spreads on EUR/USD are as low as 0.0 pips, and on gold as low as 0.05 pips. Commissions are charged at a minimum of $2 per lot for EUR/USD and $7 per lot for gold.

The 0 Commission Standard account requires a higher minimum deposit of 100 USD and also offers a maximum leverage of 1:1000. Spreads on EUR/USD are as low as 1.2 pips, and on gold as low as 0.20 pips. This account charges no commission but has wider spreads, with a minimum of $12 per lot for EUR/USD and $20 per lot for gold. Both accounts cover all forex products and gold.

FXCG focuses exclusively on forex and gold trading. The broker states that it offers 'all forex product and gold', indicating a specialised approach rather than a broad multi-asset offering. This may appeal to traders who concentrate on these particular markets.

Given the limited product range, traders looking for indices, commodities, or cryptocurrencies would not find them here. The emphasis on gold and forex suggests a niche focus, which could be either a strength or a limitation depending on individual trading preferences.

Our records do not specify the deposit and withdrawal methods available at FXCG. This lack of transparency is a significant gap in information for potential traders. Without clear details on funding options, it is difficult to assess the convenience and reliability of the broker's payment processes.

We recommend that traders seek direct clarification from the broker regarding available deposit and withdrawal methods, as well as any associated fees or processing times. The absence of this information in our records is a cautionary signal.

FXCanary's risk assessment assigns FXCG a Scam Risk Score of 85 out of 100, indicating a severe level of risk. The broker is listed as a 'Fake Broker' in industry watchdog records and has been identified as a clone or impersonator firm. Additionally, there is no verifiable website or social-media presence beyond the official domain.

These risk flags are serious and should be considered carefully by any trader. The combination of a high risk score, lack of verifiable presence, and the unusual regulatory setup suggests that extreme caution is warranted. We advise traders to conduct thorough due diligence before engaging with this broker.