Abstract:Winbitx is an unregulated forex broker registered in the United Kingdom. It provides many trading assets like forex currency pairs, indices, commodities, and cryptocurrencies with leverage up to 1:200 and spread from 0.6 pips via a webtrader platform.
Note: Winbitx's official website: https://www.winbitx.com/ is currently inaccessible normal.
WinbitxReview Summary | |
Founded | / |
Registered Country/Region | United Kingdom |
Regulation | Not regulated |
Market Instruments | Forex currency pairs, indices, commodities, and cryptocurrencies |
Demo Account | / |
Leverage | Up to 1:200 |
Spread | 0.6 pips |
Trading Platform | Webtrader |
Min Deposit | $250 |
Customer Support | Tel: +442039665875, +442039665865 |
Email: support@winbitx.com | |
Address: 134-146 Curtain Road, London, United Kingdom EC2A 3AR |
Winbitx is an unregulated forex broker registered in the United Kingdom. It provides many trading assets like forex currency pairs, indices, commodities, and cryptocurrencies with leverage up to 1:200 and spread from 0.6 pips via a webtrader platform.
Pros | Cons |
Various trading assets | Inaccessible website |
Multiple account types | Lack regulation |
No MT4/5 | |
High minimum deposit |
No, Winbitx is not regulated by any financial authorities. Traders should be careful when trading.
Tradable Instruments | Supported |
Forex currency pairs | ✔ |
Indices | ✔ |
Commodities | ✔ |
Cryptocurrencies | ✔ |
Stocks | ❌ |
Options | ❌ |
Bonds | ❌ |
ETFs | ❌ |
Winbitx offers seven account types: VIP, Premium, Diamond, Platinum, Gold, Silver and BRONZE.
Account Type | Min Deposit |
VIP | €1 000 000 |
Premium | €500 000 |
Diamond | €250 000 |
Platinum | €100 000 |
Gold | €50 000 |
Silver | €25 000 |
BRONZE | €10 000 |
The leverage of Winbitx is up to 1:200. Note that high leverage always comes with high returns and high losses.
Winbitx's spread starts from 0.6 pips.
Clients are allowed to apply on a web-based trading platform that possesses a plethora of experts, and advanced tools and features.
Trading Platform | Supported | Available Devices | Suitable for |
Webtrader | ✔ | Web | / |
MT4 | ❌ | / | Beginners |
MT4 | ❌ | / | Experienced traders |
Winbitx accepts deposits via credit/debit cards, wire transfers and e-wallets, while withdrawals by means of wire transfer, cards, and three separate crypto wallets.
In recent months, PrimeX Capital, a Forex and CFD broker established in 2022, has become a subject of concern in the trading community. However, despite these enticing features, the broker's reputation has been severely tarnished by multiple complaints and a troubling lack of regulatory oversight.
Forex broker scams continue to evolve, employing new tactics to appear credible and mislead unsuspecting traders. Identifying these fraudulent schemes requires vigilance and strategies beyond the usual advice. Here are five effective methods to help traders assess the legitimacy of a forex broker and avoid potential pitfalls.
Doo Financial, a subsidiary of Singapore-based Doo Group, has expanded its regulatory footprint by securing new offshore licenses from the British Virgin Islands Financial Services Commission (BVI FSC) and the Cayman Islands Monetary Authority (CIMA).
A new programme has been launched by CFI to address the growing need for transparency and awareness in online trading. Named “Trading Transparency+: Empowering Awareness and Clarity in Trading,” the initiative seeks to combat misinformation and equip individuals with resources to evaluate whether trading aligns with their financial goals and circumstances.