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No Regulation
Score
1.47 /10
Danger
WinnGroups
2-5 yearsSuspicious Regulatory License
Suspicious Scope of Business
High potential risk
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Comparison
Expose
Exposure
Open Account
Website
Score
Regulatory Index0.00
Business Index6.65
Risk Management Index0.00
Software Index4.00
License Index0.00
Open Account
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
open now
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Warning: Low score, please stay away!
2
Previous Detection :
2024-09-22
- 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
Note: Since this brokers official site (https://winngroups.com/) is not accessible at the time of writing this introduction, only a cursory understanding can be obtained from the Internet.
General Information & Regulation
WinnGroups presents itself as one of the world‘s leading investment firms with operations in the UK, Switzerland, Singapore and Hong Kong, claiming that it has 10 years of experience on the financial markets and holds licenses with reputable authorities like UK’s FCA and CySEC.
Market Instruments
WinnGroups advertises that it offers a wide selection of trading instruments, including forex, commodities, indices, shares, cryptocurrencies.
Account Types
WinnGroups offers five account types – Silver, Gold, Platinum, Diamond and VIP with minimum deposit requirements of $10,000, $25,000, $100,000, $250,000 and $500,000 respectively.
Leverage
The maximum leverage is affected by what type of accounts you are holding. The clients of the Silver account enjoy the leverage ratio of 1:20, the Gold account with 1:40, the Platinum account with 1:60, the Diamond account with 1:100 and the VIP account with 1:150. Attention that too high leverage is not always beneficial for traders due to its consistent gains and losses.
Spreads & Commissions
From the information on the Internet, we only found one piece of information about spreads. It stated that the spread for the EUR/USD pair was 20.4 pips on average. Unluckily, we have no way to verify if it is reliable. Other more detailed information about spreads and commissions are not available.
Trading Platform Available
Instead of the worlds most renown trading platforms like MetaTrader4 and MetaTrader5, WinnGroups only gives traders a web-based trading platform.
Deposit & Withdrawal
WinnGroups accepts deposit methods via credit cards, debit cards, and CoinPaid, and withdrawal via credit cards. There are no obvious options for using popular online payment platforms such as PayPal, Skrill, or Neteller. The minimum deposit says to be $250. It also claims that withdrawal processing requires 4 to 7 days and there isnt any withdrawal fees.
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