CySECCyprusTier 2Licence number
291/16
View licence record- Licence holder
- Held by GWG
Found on registerChecked
At a glance
Regulation on record for GWG
Counts of what is on record, not a rating. Each figure describes the register entries Wikilix holds and the checks it has run against them.
- Licences on record
- 1
- Issuing authorities
- 1
- From tier-1 or tier-2 authorities
- 1
- Found on an official register
- 1
GWG has one licence on record with Wikilix, issued by one authority across one jurisdiction. One of them was issued by a tier-1 or tier-2 authority — the regimes with the strictest capital, reporting and client-money rules. We located 1 of 1 on the issuing authority’s own register.
Issuing authorities
Jurisdictions
Licence record
Licences on record
Every licence on record for GWG, strongest authority first.
1 record
- CySECCyprusTier 2
Check it yourself
Look these up on the official registers
Each authority below publishes a register you can search. The name a register prints is often a separate legal entity, not the trading brand — search for the name given here.
- CySEC registerOpen register
Protection
What this licence protects
CySEC's own rules for the firms it authorises.
- Compensation schemeUp to €20000 (ICF)
- Client money kept separate
- Negative balance protection
- Complaints routeCyprus Financial Ombudsman
- Maximum leverage1:30
Frequently Asked Questions
Questions about the licences held by GWG
Answered from the register entries on this page.
Most Popular Questions
Start from the legal entity rather than the brand. The company is on the Cyprus register as TSG BROKERS LTD under number HE 342580 with a current registered office in Nicosia, which is the address a formal written demand or a lawyer's letter should go to. Anyone who believes they dealt with a CySEC authorised firm can also put the licence claim to the Cyprus Securities and Exchange Commission directly and ask it to confirm the firm's status.
The brand published an address at 18 Kyriakou Matsi Avenue, Victory Tower, Office 302, Nicosia 1082, Cyprus. The Cyprus register records the company's registered office at Athalassas 54, Floor 3, Flat/Office 302, 2023, Nicosia, Cyprus, so the two do not match.
Yes, it is the same legal entity. Cyprus company HE 342580 carried the GWG (CYPRUS) LIMITED name at one point and now carries the TSG BROKERS LTD name. The GWG name is recorded on the register as a previous name only, which is why the brand should not be treated as a live trading business.
No country policy could be established for GWG from any of its own published documents, because none of them is reachable. Its terms, client agreement, signup form, help pages and homepage disclaimer were all tried. Anyone needing to know whether a jurisdiction was served has no authoritative published answer available.
The brand published one to three business days for bank wire transfers and stated no fee, but it published no processing time for its other channels and no independent confirmation of actual withdrawal performance was established. With the site unreachable, no withdrawal route can be assumed to work today.
By bank wire with Bank of Cyprus or Eurobank, by Skrill or Neteller, by Trustly or Przelewy24 banking transfer, or by card through the Decta and EcommPay processors. Deposit and withdrawal fees were stated as zero. Bank wires took one to three business days, and a bank wire withdrawal was allowed only where the client had deposited the same way, returning to the same account.
The Standard account was commission-free on forex with spreads from 0.9 pips. Gold charged 7 USD per lot, and VIP and Professional charged 3.50 USD per lot, each quoting spreads from 0 pips. Commission was described as varying by market.
MetaTrader 4, for Windows, macOS, iOS and Android, plus ZuluTrade for following other traders' positions.
Up to 1:200 on the Professional account. The Standard, Gold and VIP accounts were capped at 1:30, which is the retail limit applied in the European Union.
The entry-level Standard account required 100 USD. Gold required 1,000 USD, VIP 5,000 USD and Professional 10,000 USD.
No. gwglobalfx.com did not respond on any address tried for it, including the locale-prefixed form of the homepage. There is currently no working route to the brand online.
There is no confirmed evidence that GWG stole client money, so it should not be called a proven scam. It should be treated as unverified and inactive: no licence could be confirmed, the website does not respond, and the operating company no longer uses the GWG name. That combination means nobody should deposit with the brand, whatever a site using the name may claim.
The brand was operated by a Cyprus company registered under number HE 342580. That company is still on the Cyprus register, but its current registered name is TSG BROKERS LTD. It was registered on 21 April 2015 as GAMETECH (CYPRUS) LIMITED, then became GWG (CYPRUS) LIMITED, then NENX LIMITED, and now trades under the TSG BROKERS name. Three directors are recorded against it.
GWG has one licence record with Wikilix, issued by one authority across one jurisdiction. A licence on record means an authority published an entry; it is not an endorsement, and Wikilix does not issue authorisations.
GWG holds licence records issued by CySEC. Each authority’s own record — its tier, jurisdiction and client-protection rules — is linked from this page.
One of the licence records held by GWG comes from tier-1 or tier-2 authorities (0 tier-1, 1 tier-2). Those regimes set the strictest capital, reporting and client-money requirements.
We located 1 of the 1 licence records held by GWG on the issuing authority’s own register. Every entry has been looked up. An unchecked entry is a gap in our coverage, not a finding against the licence.
GWG has licence records in Cyprus. A licence applies in the jurisdiction that issued it; it does not by itself cover clients elsewhere.