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Winex Markets -

Score

1.42 /10
Danger

Winex Markets

Turkey

2-5 years

Suspicious Regulatory License

High potential risk

https://winexmarkets52.com/en

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Time Machine
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Score

Regulatory Index0.00

Business Index6.34

Risk Management Index0.00

Software Index4.00

License Index0.00

Time Machine
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

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Warning: Low score, please stay away! 2
Previous Detection : 2024-11-11
  • 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

Winex Markets · Company summary

Note: Winex Markets is to operate via the website - https://winexmarkets62.com/en/, which is currently not yet functional and no information about the company was immediately available. Therefore, we could only gather relevant information from the Internet to present a rough picture of this broker.

Risk Warning

Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.

General Information & Regulation

Feature Detail
Regulation No Regulation
Market Instrument indices, cryptocurrency and commodities
Account Type N/A
Demo Account yes
Maximum Leverage 1:500
Spread N/A
Commission N/A
Trading Platform MetaTrader5 for Android, iOS, Windows and MAC
Minimum Deposit N/A
Deposit & Withdrawal Method N/A

Winex Markets, a trading name of Winex Markets Tech DOO, is allegedly a financial services company registered in Turkey that claims to provide its clients with various tradable products with leverage up to 1:500 on the MT5 trading platform, as well as 24/7 customer support service. Here is the home page of this brokers official site:

General Information & Regulation

As for regulation, it has been verified that Winex Markets currently has no valid regulation. That is why its regulatory status on WikiFX is listed as “No License” and receives a relatively low score of 1.25/10. Please be aware of the risk.

General Information & Regulation

Market Instruments

Winex Markets advertises that it offers various trading products, such as indices, cryptocurrency and commodities.

Account Types

Winex Markets claims to offer real and test accounts. However, it says nothing about the minimum initial capital required to open an account.

Leverage

The leverage provided by Winex Markets is capped at 1:500. It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you.

Trading Platform Available

The platform available for trading at Winex Markets is one of the most notable and preferred trading platforms the market offers - MetaTrader5 for Android, iOS, Windows and MAC. This trading terminal is highly praised by traders and brokers alike due to its ease of use and great functionality. The MT5 offers top-notch charting and flexible customization options. It is especially popular for its automated trading bots, a.k.a. Expert Advisors.

Trading Platform Available

Bonuses

Winex Markets claims to offer various bonuses. In any case, you should be very cautious if you receive a bonus. Bonuses aren't client funds, they're company funds, and fulfilling the heavy requirements that are usually attached to them can prove a very daunting and difficult task. Note that brokers are prohibited from using bonuses and promotions by all leading regulators.

Customer Support

Winex Markets customer support can be reached by telephone: +90 212 700 09 91, email: info@winexmarkets.com or send messages online to get in touch. You can also follow this broker on social networks such as Twitter, Facebook, Instagram, YouTube and LinkedIn. Company address: TRG SUNCA BR.4 (ZZZI, OFFICE NO 24) BUDVA.

Pros & Cons

Pros Cons
• Demo accounts available • No regulation
• MT5 supported • Lack of transparency

Frequently Asked Questions (FAQs)

Q 1: Is Winex Markets regulated？
A 1: No. It has been verified that Winex Markets currently has no valid regulation.
Q 2: At Winex Markets, are there any regional restrictions for traders？
A 2: Yes. Winex Markets does not offer its services to residents of the following jurisdictions: USA, Canada, EU, Sudan, Syria, North Korea, Afghanistan Crimea, Cuba, Iran and Turkey.
Q 3: Does Winex Markets offer demo accounts？
A 3: Yes.
Q 4: Does Winex Markets offer the industry-standard MT4 & MT5？
A 4: Yes. Winex Markets offers MetaTrader5 for Android, iOS, Windows and MAC.
Q 5: Is Winex Markets a good broker for beginners？
A 5: No. Winex Markets is not a good choice for beginners. Not only because of its unregulated condition, but also because of its lack of transparency.

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more than one year
I had some positions on usd/try, unexpectedly on 16 February they called me that I have to close down my positions on this currency pair, no warning and discussion they close down the account. They gave me no explanation.
I had some positions on usd/try, unexpectedly on 16 February they called me that I have to close down my positions on this currency pair, no warning and discussion they close down the account. They gave me no explanation.
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2023-03-13 11:33
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