IWINFX-Some Detailed Information about This Broker

General Information & Regulation

IWINFX is a Forex broker based in Belize and was started in 2018 so is still a very young brokerage firm. As far as we could discover, Iwinfx is not regulated in any jurisdictions, so traders should stay away from this broker.

Market Instruments

Tradable financial instruments available on the IWINFX include 29 forex currency pairs, 7 commodities, 43 shares, as well as 7 indices.

Minimum Deposit

IWINFX offers three different account types, the Classic, Professional, Platinum and Instrument accounts. There is also a $1,000 minimum deposit, which for a starter account is quite high and may price out a lot of newer customers or people new to forex trading.

Leverage

Trading leverage varies depending on different trading accounts. The maximum trading leverage offered by Iwinfx is up to 1:500, which seems quite high. Since leverage, can amplify both profits as well as losses, choosing the right amount is a key risk determination for traders.

Spreads & Commissions

The Classic account has spreads starting at 3 pips, which is incredibly high. The Professional account offers slightly better spreads starting at 1.5 pips which is lower than the average of 2.2 pips, however the starting balance of $10,000 will price a lot of people out of this account. The Platinum account offers a commission based system at $6 per lot, which seems to be the industry standard when it comes to commission based systems, along with this commission however, is the 0.5 minimum spread

Trading Platform Available

IWINFX offer two different platforms to trade on, the ever popular MetaTrader 4 (MT4) and a WebTrader.

Deposit & Withdrawal

IWINFX offer a number of different ways to deposit which are the standard methods within the Forex industry.They have the usual Visa / Mastercard, internet banking, Netweller, Skrill, 2Checkout Perfect Money, Web Money and PayPal.

Customer Service

IWINFX offer a few different ways to get in contact with them, there is the standard online contact us form, where you fill in your question and they will get back to you, we tested this and had a reply within 24 hours. They also have their email address made public so you can email them directly and we assume you will get a similar response as our reply was from the same email address

Educational & Trading Tools

IWINFXoffers a 7 book series which is available to anyone on their site which foes over the basics of Forex trading, it won‘t make you an expert, but it is nice to have the basics available for their traders. Apart from this, there doesn’t appear to be any other benefits or teaching available through Iwinfx site.