WZG

WZG, operating as Wan Zhou Gold Group Limited (万洲金业), is a precious metals broker headquartered in Hong Kong. According to the company's records, it was founded in 2022, though its official website states a founding year of 2017. The broker is a member of the Chinese Gold & Silver Exchange Society (HKGX) with AA Class 141 membership, which allows it to trade London Gold and Silver. The company's registered address is in Tsuen Wan, Hong Kong.

WZG focuses exclusively on precious metals trading, primarily London Gold (XAU) and London Silver (XAG). It operates under the regulatory oversight of HKGX, one of the oldest gold exchanges in Asia. The broker positions itself as a gateway for retail investors to access global precious metals markets through leveraged trading.

WZG is regulated by the Chinese Gold & Silver Exchange Society (HKGX) in Hong Kong. HKGX is a self-regulatory body that sets standards for its members. The broker holds an AA class license, which permits the highest level of precious metals trading activities. This regulatory status is confirmed on the HKGX website, where Wan Zhou Gold can be verified under member number 141.

However, it is important to note that HKGX regulation is not equivalent to government oversight by the Securities and Futures Commission (SFC) in Hong Kong. While HKGX is recognized by the Hong Kong government, its regulatory framework is industry-led. Traders should be aware that protection mechanisms such as investor compensation funds may differ from those offered by SFC-licensed entities.

WZG offers the MetaTrader 5 (MT5) platform for trading, which is available for Windows, macOS, iOS, and Android. MT5 provides advanced charting tools, multiple timeframes, technical indicators, and supports automated trading via Expert Advisors (EAs). The broker also provides a proprietary mobile app, '万洲金业', which allows users to trade on the go.

The broker emphasizes the speed and reliability of its platform, claiming no requotes and fast execution. It also offers a demo account with virtual funds for practice. For active traders, MT5's copy trading and signal services are available to replicate the trades of experienced investors.

WZG offers two account types: Standard and Premium. The Standard account requires a minimum trade size of 0.01 lots and allows up to 20 lots per order, while the Premium account increases the maximum to 50 lots per order. Both account types have no total position limits. The broker charges no commission, with trading costs embedded in the spread: $20 per lot for gold and $100 per lot for silver.

Leverage is set at a minimum margin requirement of 2% (50:1). Overnight financing fees (swap) apply to positions held beyond the daily settlement time. The broker also enforces a margin call rule when the equity-to-margin ratio falls to 30%, leading to automatic partial or full closure of positions.

WZG claims to support 24/7 deposit and withdrawal processing. Funding methods include bank transfers, online banking, and mobile payments. The broker states that client funds are held in segregated accounts with Hong Kong-licensed banks to ensure safety.

Withdrawals are processed through the same methods, and the broker does not charge fees for transactions, though third-party bank fees may apply. The broker typically processes requests within a few hours, and there is no minimum withdrawal amount mentioned on the site.

WZG is primarily aimed at retail traders interested in precious metals trading, especially those based in Asia. The broker's website is available in Chinese and English, catering to Mandarin-speaking clients. Its low minimum trade size (0.01 lot) and $10 minimum deposit make it accessible to beginners, while the Premium account suits higher-volume traders.

The broker also attracts clients through promotions such as welcome bonuses and demo accounts. However, its product range is limited to gold and silver, so traders looking for a wide variety of forex pairs, indices, or commodities may prefer a multi-asset broker.