Authorisation being cancelled, but flagged by the FCA
The FCA has attached a notice to this firm’s register record. Read it before dealing with them.
- Authorised for 8 years
- No FCA actions
- Active company since 2014
- Accounts filed up to 28 February 2025
- 1 thing worth a closer look in the background checks
What the FCA says
CWG Markets Ltd cannot carry out regulated activity in the UK
CWG Markets Ltd applied to remove all the regulated activities from its permission. The FCA has accepted this application. As a result, CWG Markets Ltd is unable to carry out any regulated activity in the UK and cannot accept any new client monies.
Website, phone number and address
Compare these against whatever you were given. Scammers clone real firm names and reference numbers but use their own phone number and website, so a detail that does not match the register is the clearest warning sign there is.
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Phone number
-
Address
76 Cannon Street, 3rd Floor, London, EC4N 6AE, United Kingdom
In the full report: 3 background checks, 1 thing worth a closer look
- When cwgmarkets.co.uk first appeared online, and whether it can receive email
- What kind of line 020 3947 1777 is
- Who else gives the postcode EC4N 6AE
Other names (3)
If you were contacted under any of these names, it is this firm.
- CIFI Trading name: A name it trades under now.
- CIFI Clearings Trading name: A name it trades under now.
- STC Former trading name: A name it used to trade under.
Warning
Scammers have impersonated this firm
Fraudsters have used this firm's name or details with their own contact information to appear genuine. Check whatever you were given below, and against the firm's real details above.
Fake phone numbers (2)
- 01828 84536
- 01872 11945
Fake email addresses (1)
- coralie.cambelin@cwg-markets.com
Fake websites (4)
- cwg-ins.com
- cwg-markets.com
- cwgcn.com
- cwgforextw.com
The 3 FCA warnings these came from
- CWG Markets/ CWG Foreign Exchange 27 November 2023
- CWG Markets/CWG Forex TW 25 May 2021
- CWG Markets 14 June 2019
Scammers change these details often. Always check the live FCA warning.
Past FCA permissions and consumer protection
- Complaints Ombudsman, freeYou can refer a complaint about this firm to the Financial Ombudsman Service for free, whichever activity it relates to.
Permissions on the FCA record
- Hold or safeguard your money
Limits on the record
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VOLUNTARY APPLICATION FOR IMPOSITION OF REQUIREMENTS
Client Notification 1. The Firm must by 15:00 BST on Tuesday 9 June 2026 notify its clients that the Firm is ceasing regulated activity in the UK and that they need to close their trading positions on a voluntary basis prior to 15:00 BST on Friday 12 June 2026, at which date/ time the Firm will close all remaining clients’ trading positions. Restriction on acceptance of new client monies 2. Once the VREQ application is accepted by the Authority, the Firm must not accept any new client monies save from existing clients wanting to pay variation margin on existing open positions prior to 15:00 BST on Monday 15 June 2026. This includes monies or assets under the client assets regime, title transfer collateral arrangements, delivery vs payment transactions, matched principal transactions, or otherwise. Client open position closure 3. The Firm must close all remaining open client trading positions by 15:00 BST on Monday 15 June 2026. Return of segregated client monies 4. The Firm must use reasonable endeavours to return segregated client monies held for or on behalf of clients in accordance with the Client Assets regime. 5. The Firm must notify the Authority of the amount of any residual segregated client money balances it has been unable to return at 15:00 BST on Wednesday 17 June 2026, doing so by close of business on Wednesday 17 June 2026. Return of TTCA funds 6. The Firm must return all funds held for or on behalf of clients under title transfer collateral arrangement (TTCA), or otherwise, doing so no later than by 15:00 BST on Friday 19 June 2026. Voluntary Application to Vary Permission 7. The Firm will, by 15:00 BST on Thursday 18 June 2026, apply to the Authority pursuant to section 55H(2)(b) of the Act, for the Authority to vary its Part 4A permission to remove the following regulated activities from the Firm’s Part 4A permission: Investments a. Arranging (bringing about) deals in investments b. Dealing in investments as agent c. Dealing in investments as principal d. Making arrangements with a view to transactions in investments Advertisement of regulatory status 8. The Firm must, by 15:00 BST on Thursday 18 June 2026, ensure that its Authority regulated status is not advertised by any person or entity connected to the Firm or connected to the controllers of the Firm (for example, any entity owned by individuals personally connected to the Firm’s controller, directors or senior management function holders). Where the Firm identifies that its regulatory status is being so advertised, it should notify the Authority of this without delay, including what steps it has taken to draw the issue to the attention of the relevant person or entity to remediate this. Secure records 9. The Firm must secure and preserve all records and/or information (physical or electronic) relating to the Firm in their original form, or in a copy proved to be identical to the source material, such that they can be provided to the Authority, or to a person named by the Authority, promptly on request (such standard not to impose a requirement beyond ordinary good record-keeping in the ordinary course of the Firm’s business). Publication 10. The Authority will publish such information about the Requirements as it considers appropriate, including in the Firm’s entry on the Financial Services Register. Effective date 11. The Requirements in this application are to take immediate effect on their acceptance by the Authority and notification of such to the Firm by email (the “Effective Date”). Definitions 12. Where relevant for interpreting this application, the terms used have the same meaning as in the Glossary of the Authority Handbook.
FCA disciplinary action and complaints
No FCA disciplinary action.
The Financial Ombudsman Service only publishes complaint figures for firms with 30 or more new complaints in six months, so there are none here for this firm.
The clone warnings above are scammers using this firm's name, not something the firm has done.
Companies House record
The company behind the firm: its status, age, registered office and directors.
- Company number
- 08888720 (opens Companies House in a new tab)
- Company status
- Active
- Company type
- Private limited company
- Incorporated
- 12 February 2014 (12 years old)
- Registered office
- 3rd Floor 76 Cannon Street, London, EC4N 6AE, England
- Nature of business
-
- Financial intermediation not elsewhere classified (SIC 64999)
Directors and company secretaries
| Name | Role | Born | Appointed | Other companies |
|---|---|---|---|---|
| Patrick Joon Leong Koh | Director | Jun 1974 | 1 Mar 2019 | None |
| Yan Wang | Director | Jun 1988 | 7 Dec 2022 | None |
In the full report: every company its directors have run
- Confirmation that these 2 directors run no other company
- All 8 people who have been directors, with their dates
Filed accounts and finances
Profit before tax
−£189k
−412% from £60.5k
Total equity
£1.08m
+44% from £747k
Cash at bank
£14.3k
−87% from £114k
Owed within a year
£1.63m
−47% from £3.08m
The accounts for the year to 28 February 2025 do not tag turnover in a form that can be read automatically, so it is not shown. The last tagged figure is £46.6k, for the year to 28 February 2022.
Profit before tax
In the full report: all 5 years of accounts
- Every year from 2021 to 2025
- Both charts, over every year
- Every filed figure, year by year
About these figures
- Turnover
- Money taken from sales in the year, before any costs.
- Profit before tax
- What was left after the year’s costs, before corporation tax. A minus figure is a loss.
- Net assets, or total equity
- Everything the company owns minus everything it owes. A minus figure means it owes more than it owns.
- Total assets and total liabilities
- Everything the company owns, and everything it owes, on the last day of the year. The gap between them is its net assets.
- Cash at bank
- Money in the company’s accounts on the last day of the year.
- Owed within a year, owed after a year
- Debts and bills due in the next twelve months, and those due later.
Accounts filed at Companies House for company 08888720. Every figure is as filed, apart from total assets and total liabilities, which are added up from filed figures. Nothing is estimated.
Key dates in its history
CWG Markets’s history from the FCA register and Companies House, newest first.
2026
8 June 2026
- FCA imposed a requirement (VOLUNTARY APPLICATION FOR IMPOSITION OF REQUIREMENTS)
FCA register
2019
14 June 2019
- FCA warned the public about a scam impersonating this firm
FCA warning list
2018
2 July 2018
- Regulated by the FCA from this date
- Applied to cancel its FCA authorisation
FCA register
2017
31 January 2017
- Board replaced: its only director left and a new director took over
- Yan Wang took control (75–100% of shares)
Companies House
2014
12 February 2014
- Incorporated at Companies House
Companies House
In the full report: all 30 events
- All 30 events in its history (7 shown here)
- Every director appointment and resignation: 16
Firms connected to CWG Markets
Other FCA-listed firms that share a director, phone number or address with CWG Markets. A link shows who the firm is tied to, not whether either can be trusted.
- connected firms
- 2
- no longer authorised
- 1
- share its postcode
- 2
In the full report: all 2 connected firms, named
- How each is linked: the same postcode (2)
- Who links each one: the named directors, with dates
Get the full report on CWG Markets
Everything on this page, plus everything locked above, in one dated PDF you can keep, file or send on.
- Every company its directors have run, named
- 3 background checks on its contact details, 1 flagged
- 5 years of accounts, charted
- All 30 events in its history
- 2 connected firms, named, and who links them
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Frequently asked questions about this firm
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Sources and links
- Its entry on the FCA register register.fca.org.uk
- Its Companies House record gov.uk
- FCA warning: CWG Markets/ CWG Foreign Exchange fca.org.uk
- FCA warning: CWG Markets/CWG Forex TW fca.org.uk
- FCA warning: CWG Markets fca.org.uk
- Complaints the Financial Ombudsman Service can help with financial-ombudsman.org.uk
- Report a scam to the FCA fca.org.uk