FXWings

General Information & Regulation

FX Wings was founded in 2109 and is a relatively new Forex and CFD broker based in London, U.K. FX Wings is not currently subject to any active regulation.

Market Instruments

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

Minimum Deposit

FX Wings offers investors four different types of trading accounts: Standard (minimum deposit of $1,000), Advanced (minimum deposit of $5,000), ECN Pro (minimum deposit of $10,000), and Premium (minimum deposit of $30,000).

Leverage

Trading leverage varies depending on trading accounts. The maximum trading leverage is up to 1:500 for both Standard and Advanced accounts, up to 1:200 for ECN Pro accounts, and 1:100 for Premium accounts.

Spreads & Commissions

The minimum spread on the FX Wings platform is 2.5 pips for the Standard account and 2 pips for the Advanced account, 1.5 pips for the ECN Pro account, and 0 pips for the Premier account, with a commission of $5 per lot.

Trading Platforms

FX Wings exclusively features the popular MetaTrader 4 platform as its sole trading platform. MT4 is the benchmark of all trading platforms, preferred by most traders, and is, therefore, the most commonly offered platform among forex brokers. Some attribute MT4's popularity to its user-friendly and highly-customizable user-interface, while others enjoy the wide range of analytical functions, MultiTerminal features, trading signals, and variety of built-in tools that you won't find elsewhere. The developers of MT4 also designed the platform to be highly accessible, with download available via PC and through the App Store or Google Play for mobile.

Deposit & Withdrawal

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

FX Wings Pros & Cons

FX Wings Advantages Include:

1. Four types of accounts to choose from

2. MT4 trading platform

3. Multiple deposit and withdrawal options

FX Wings Disadvantages Include:

1. Not subject to any regulation

2. High initial deposit requirements

3. Uncompetitive spreads

4. A fee charged for withdrawals & deposits