Do you want to trade with WinTraders FX? Why Wintradersfx.com is not a trusted broker! Read detailed WinTradersfx review to know about this platform.
This article promises to share helpful review to support clients/traders in making the right decision. Kindly read to the end and make your verdict.
What is WinTraders FX?
WinTraders FX also known as Wintradersfx.com is an offshore brokerage company with a lot of promises for forex traders. The broker happens to be completely unknown as there is no information about the entity that stays behind this website.
Further, the brokerage promises different instruments like forex, stocks, commodities, crypto, bonds and indices. Also, it presents a zero spread difference in Buy/Sell.
Deposit and Withdrawal
WinTraders FX Minimum Deposit:
WinTraders FX deposit is not indicated. In comparison, a licensed FX broker clearly spells out the minimum deposit to traders, and clients can start trading as low as $100 with no fear of their investment.
As for the payment methods, clients could deposit via VISA, Mastercard, and other funding methods.
Just so you are aware, offshore brokers are commonly known for accepting crypto currencies. For this purpose, payments made through this method are anonymous and can only be traced to a wallet address and not to a specific person. So beware!
WinTradersfx withdrawal process is presented within 2-5 business days of receipt. The broker also mentioned its withdrawal is subjected to some specified handling fees. What are these handling fees/charges? Rightly, this method is mostly used by unlicensed and unregulated brokerages to swindle their clients.
WinTraders fx Platform:
WinTraders FX platform offers web based trading platform and not MT4 or MT5 (Industry standard trading platforms) which gives us more reason not to take this broker serious. Many scammers have trading software to fool their victims that their money is being invested.
As for WinTraders FX leverage, nothing is said. Truly, we say don’t consider doing that with an unregulated forex broker like this one because you stand the chance of losing your money.
Why WinTradersfx.com Is Suspicious Forex Broker
First and foremost, WinTradersfx.com has no financial authority overseeing its financial services. As far as we’re concerned, this is the one of the most ambiguous yet common remarks made by scammer entities, helping them become as vague as possible but yet retaining the illusion of being legit.
As a matter of fact, WinTradersfx is absolutely anonymous and unregulated. Antonymous brokererages are the most dangerous ones because they are not traceable and thus no one knows what they are dealing with.
Further, this broker does not offer money back guarantee which means trading on such platform is clearly a risk as your money cannot be refunded.
These are drawbacks for forex traders/ clients to avoid losing money with this scam broker. It is always advisable you check for regulated and licensed broker on financial authorities websites before depositing fund for trading.
WinTraders FX Licensing and Regulation
It is not far from believing that this broker is not a licensed brokerage firm. It is not under any financial regulation which means wiring your money for trading is risky. Its unlicensed and unregulated activities are truly a red flag and must be avoided.
COMPARE WITH A TRUSTED BROKER
Fortrade is a UK-based broker with address at Michelin House, 81 Fulham Road London, SW3 6RD, United Kingdom. They are among the best brokers in the industry offering trades in numerous assets including stocks, commodities, currencies, indices, and cryptocurrencies. Fortrade is regulated and licensed by the FCA(Financial Conduct Authority) in the UK well as ASIC in Australia which makes client funds safe. They accept traders worldwide..visit their official website
WinTraders FX located at WinTradersfx.com claims to be a trustworthy trading brokerage, however, that cannot be ascertained. From indications, the platform is completely unknown and we would advise traders to steer clear from this broker as it likely a platform run by scammers. Thus, we urge our readers to rely on regulated brokers like this or any licensed entity.
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