Score

1.33 /10
Danger

Winfxmarkets

United Kingdom

2-5 years

Suspicious Regulatory License

High potential risk

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Comparison

Quantity 4

Exposure

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Website

Score

Regulatory Index0.00

Business Index5.63

Risk Management Index0.00

Software Index4.00

License Index0.00

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Website

Licenses

No valid regulatory information, please be aware of the risk

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

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Broker Information

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Company Name

Winfxmarkets LTD

Company Abbreviation

Winfxmarkets

Platform registered country and region

United Kingdom

Company website

Company summary

Pyramid scheme complaint

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Warning: Low score, please stay away! 2
Previous Detection : 2024-11-15
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The current information shows that this broker does not have a trading software. Please be aware!

WikiFX Verification

Pyramid scheme complaint
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Winfxmarkets · Company summary

Note: Winfxmarkets' official website, https://winfxmarkets.com/, is normally inaccessible.

WinfxmarketsReview Summary
Founded2022
Registered Country/RegionUK
RegulationNot regulated
Market InstrumentsMetals, forex currency pairs, crypto, shares, energies, and indices
Demo AccountNot mentioned
LeverageNot mentioned
Spread1.6 pips
Trading PlatformMT4/5
Min Deposit$200
Customer Support+44 7418604210
198 Tooley St, London SE1 2NS, United Kingdom

Winfxmarkets Information

FCA has issued a warning against Winfxmarkets, which is an unauthorized company.

Pros & Cons

Pros Cons
NoneNo regulated
Inaccessible website
High minimum deposit required
Fake MT4/5 supported
Nontransparent trading conditions

Is Winfxmarkets Legit?

As of now, PLUNOX is not regulated by any institution like FCA. Besides, its website is not accessed. Meanwhile, it has no safeguarded funds and segregated accounts.

What Can I Trade on Winfxmarkets?

At Winfxmarkets, you can trade on metals, forex currency pairs, crypto, shares, energies, and indices.

Account Type

Winfxmarkets offers BASIC, SLIVER, GOLD, PLATINUM, VIP, and EXCLUSIVE accounts for traders.

BASICSILVERGOLDPLATINUMVIPEXCLUSIVE
Min Deposit$200$5,000$20,000$50,000$70,000$1,00,000
Account comparison

Spreads & Commissions

Different account types have different spreads, from 0.2 - 1.6 pips. No info on commissions.

BASICSILVERGOLDPLATINUMVIPEXCLUSIVE
Spread1.6 pips1.3 pips0.9 pips0.6 pips0.4 pips0.2 pips

Trading Platform

Winfxmarkets offers Metatrader 4 and Metatrader 5, but when attempting to download the supposed MetaTrader 4 and 5 trading software from Winfxmarkets, we noticed that the file was named under a different company. Therefore, we advise investors to exercise caution and avoid this broker due to the inconsistencies and deceitful practices observed so far.

Deposit & Withdrawal

Traders can deposit through credit/debit cards, cryptocurrencies, bank transfers, and e-wallets like Skrill and Neteller.

Customer Service

Contact Options Details
Phone +44 7418604210
Email
Support Ticket System
Online Chat
Social Media
Physical Address 198 Tooley St, London SE1 2NS, United Kingdom

The Bottom Line

In conclusion, Winfxmarkets is a fraudulent broker, and we strongly advise against investing in it. By avoiding this broker, you will save yourself both time and money.

FAQs

Is Winfxmarkets safe?

No. It has no regulation.

Is Winfxmarkets good for beginners?

No. $200 minimum deposit requirement is too high for beginners.

What trading platforms does Winfxmarkets offer?

It says to offer MT4 and MT5, but both of them are fake.

News

ExposureWikiFX Scam Alert: Avoid Dealing With These FCA Unauthorized Firms

List of confirmed unauthorized firms that are providing financial business and must be avoided by the public.

WikiFX
2023-01-24 15:51
WikiFX Scam Alert: Avoid Dealing With These FCA Unauthorized Firms

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User comment

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FX6246536512
0-3months
I was trying to withdraw my funds this morning and I notice their websit is down. can anyone help??
I was trying to withdraw my funds this morning and I notice their websit is down. can anyone help??
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2024-08-27 19:03
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FX1436272268
3-6months
Hello everyone I had already complained about this brokerage and then after a few days they contacted me and said that if they claim that my complaint is fraudulent then they will close my account and give me my money, I told them that I am putting what you are saying now as a complaint against me. They said they will send it but they have not sent it yet and now last two days they contacted me and said I will close your account and give you money I said ok they said they will charge 20% tax from the money in your account I said ok keep it from the money they give me I said but for that they say I will give your money only if you pay that 20% tax then if we get a money then tax is deducted then we get money but if they say this then they are very bad brokers please people don't believe them they are bad so people BE VERY BEWARE THERE ARE MANY PEOPLE LIKE THESE SO THINK BEFORE CHOOSING A BROKER AND DECIDE DO NOT BELIEVE THESE DO NOT BELIEVE THESE ARE SCAMMERS
Hello everyone I had already complained about this brokerage and then after a few days they contacted me and said that if they claim that my complaint is fraudulent then they will close my account and give me my money, I told them that I am putting what you are saying now as a complaint against me. They said they will send it but they have not sent it yet and now last two days they contacted me and said I will close your account and give you money I said ok they said they will charge 20% tax from the money in your account I said ok keep it from the money they give me I said but for that they say I will give your money only if you pay that 20% tax then if we get a money then tax is deducted then we get money but if they say this then they are very bad brokers please people don't believe them they are bad so people BE VERY BEWARE THERE ARE MANY PEOPLE LIKE THESE SO THINK BEFORE CHOOSING A BROKER AND DECIDE DO NOT BELIEVE THESE DO NOT BELIEVE THESE ARE SCAMMERS
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+2
2024-08-24 19:35
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