FXWings Spreads, leverage, minimum deposit Revealed

WikiFX | 2021-04-21 14:27

Abstract：Founded in 2019, FXWings is registered in the United Kingdom and is not regulated. It offers four types of accounts, with the highest leverage reaching 1:500, the lowest spread being 0 pips, and the minimum deposit being 1,000 USD. The trading platform available is the MT4.

　　Note: FXWings' official website - https://www.fxwings.com is currently inaccessible normally.

FXWings Review Summary
Founded	2019
Registered Country/Region	United Kingdom
Regulation	Unregulated
Market Instruments	FX Pairs, Commodities, Indices, Global Equities
Demo Account	/
Leverage	Up to 1:500
Spread	2.5 pips (Standard account)
Trading Platform	MT4
Min Deposit	$1,000
Customer Support	Tel: +44 20 808 95889
Customer Support	Email: client@fxwings.com

　　Founded in 2019, FXWings is registered in the United Kingdom and is not regulated. It offers four types of accounts, with the highest leverage reaching 1:500, the lowest spread being 0 pips, and the minimum deposit being 1,000 USD. The trading platform available is the MT4.

Pros and Cons

Pros	Cons
Four types of accounts to choose from	Unavailable website
Flexible leverage ratios	Not subject to any regulation
MT4 trading platform	Wide spreads on the Standard account
Multiple deposit and withdrawal options	High initial deposit requirements

Is FXWings Legit?

　　No, FXWings is not regulated. Traders should carefully consider the risks it brings when choosing to trade with it.

What Can I Trade on FXWings?

　　Investors can trade 25 currency pairs, commodities, gold, silver, indices, and 47 global stocks with FX Wings.

Tradable Instruments	Supported
FX Pairs	✔
Commodities	✔
Indices	✔
Global Equities	✔
Stocks	❌
Cryptocurrencies	❌
Bonds	❌
Options	❌
ETFs	❌

Account Type/Leverage/Fees

　　FX Wings offers investors four different types of trading accounts: Standard, Advanced, ECN Pro, and Premium.

Account Type	Min Deposit	Max Leverage	Spread	Commission
Standard	$1,000	1:500	2.5 pips	❌
Advanced	$5,000	1:500	2 pips
ECN Pro	$10,000	1:200	1.5 pips
Premium	$30,000	1:100	0 pips	$5 per lot

Trading Platform

Trading Platform	Supported	Available Devices	Suitable for
MT4	✔	/	Beginners
MT5	❌	/	Experienced traders

Deposit and Withdrawal

　　FX Wings supports traders to deposit and withdraw funds from their accounts via MasterCard, JCB, Perfect Money, WebMoney, Fasapay, Neteller, Skrill, etc.