FX Wings-Overview of Minimum Deposit, Spreads & Leverage
abstrak：Founded in 2019, FXWings is registered in the United Kingdom and is not regulated. It offers four types of accounts, with the highest leverage reaching 1:500, the lowest spread being 0 pips, and the minimum deposit being 1,000 USD. The trading platform available is the MT4.
Note: FXWings' official website - https://www.fxwings.com is currently inaccessible normally.
| FXWings Review Summary | |
| Founded | 2019 |
| Registered Country/Region | United Kingdom |
| Regulation | Unregulated |
| Market Instruments | FX Pairs, Commodities, Indices, Global Equities |
| Demo Account | / |
| Leverage | Up to 1:500 |
| Spread | 2.5 pips (Standard account) |
| Trading Platform | MT4 |
| Min Deposit | $1,000 |
| Customer Support | Tel: +44 20 808 95889 |
| Email: client@fxwings.com | |
Founded in 2019, FXWings is registered in the United Kingdom and is not regulated. It offers four types of accounts, with the highest leverage reaching 1:500, the lowest spread being 0 pips, and the minimum deposit being 1,000 USD. The trading platform available is the MT4.
Pros and Cons
| Pros | Cons |
| Four types of accounts to choose from | Unavailable website |
| Flexible leverage ratios | Not subject to any regulation |
| MT4 trading platform | Wide spreads on the Standard account |
| Multiple deposit and withdrawal options | High initial deposit requirements |
Is FXWings Legit?
No, FXWings is not regulated. Traders should carefully consider the risks it brings when choosing to trade with it.
What Can I Trade on FXWings?
Investors can trade 25 currency pairs, commodities, gold, silver, indices, and 47 global stocks with FX Wings.
| Tradable Instruments | Supported |
| FX Pairs | ✔ |
| Commodities | ✔ |
| Indices | ✔ |
| Global Equities | ✔ |
| Stocks | ❌ |
| Cryptocurrencies | ❌ |
| Bonds | ❌ |
| Options | ❌ |
| ETFs | ❌ |
Account Type/Leverage/Fees
FX Wings offers investors four different types of trading accounts: Standard, Advanced, ECN Pro, and Premium.
| Account Type | Min Deposit | Max Leverage | Spread | Commission |
|---|---|---|---|---|
| Standard | $1,000 | 1:500 | 2.5 pips | ❌ |
| Advanced | $5,000 | 1:500 | 2 pips | |
| ECN Pro | $10,000 | 1:200 | 1.5 pips | |
| Premium | $30,000 | 1:100 | 0 pips | $5 per lot |
Trading Platform
| Trading Platform | Supported | Available Devices | Suitable for |
| MT4 | ✔ | / | Beginners |
| MT5 | ❌ | / | Experienced traders |
Deposit and Withdrawal
FX Wings supports traders to deposit and withdraw funds from their accounts via MasterCard, JCB, Perfect Money, WebMoney, Fasapay, Neteller, Skrill, etc.
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