Note: WinTraders' official website: https://win-traders.com is currently inaccessible normally.
WinTraders is an unregulated brokerage company based in Cyprus. It claims to offer forex currency pairs, cryptocurrencies, and commodities with a suspicious resemblance to MetaTrader 4. Despite its unregulated status, the official website cannot be entered currently. In a word, this broker is not trustworthy.
Pros and Cons
Is WinTraders Legit?
At present, WinTraders lacks valid regulation. Its domain was registered on Dec 22, 2023, and the current status is “client Delete Prohibited, client Renew Prohibited, client Transfer Prohibited, client Update Prohibited”. We do advise you to look for regulated ones.
What Can I Trade on WinTraders?
WinTraders claims to offer trading on forex currency pairs, cryptocurrencies, and commodities.
Leverage
The maximum leverage is up to 1:500. However, please note that high leverage can bring not only great profits but also big losses.
Spread
The EUR/USD cost of trade is said to be 1.6 pips.
Trading Platform
WinTraders promised access to a platform that bore a suspicious resemblance to the leading trading platform MetaTrader 4. However, the name of that platform was never specifically mentioned. Moreover, the software originated from an unverified publisher.
Deposit and Withdrawal
WinTraders claims to support payment methods through credit cards, debit cards, bank transfer, and alternative payment methods. To be honest, it's all a big mess as very few further details have been provided.
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