Search

FXWINNING foreign exchange brokers specializing in providing foreign exchange trading services, the company's official website https://client.fxwinning.net/register, about the company's legal and temporary regulatory information, the company's address Unit 1411, 14 floor, Cosco Tower, 183 Queen Road Central, Hong Kong.

FXWINNING Forex Broker

Basic Information

Registered Region
Hong Kong
Operating Period
--
Company Name
FXWINNING
Abbreviation
FXWINNING
Company employee
--
Customer Service Email Address
support@fxwinning.net
Contact Number
+35797723265
Company address
Unit 1411, 14 floor, Cosco Tower, 183 Queen Road Central, Hong Kong
Keywords
5-10 years
Suspicious Regulatory License
Suspicious Scope of Business
High potential risk

Company profile

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 FXWINNING Review Summary in 10 Points Founded 2020 Registered Country/Region Hong Kong Regulation No license Market Instruments forex, commodities, indices, stocks, cryptocurrencies Demo Account N/A Leverage 1:100 EUR/USD Spread From 0 pips Trading Platforms MT4, MT5 Minimum deposit N/A Customer Support phone, email, online messaging What is FXWINNING? Established in early 2020, FXWINNING is an unregulated online forex broker proving financial products and services for retail and institutional clients. FXWINNING has offices in Hong Kong and Saint Vincent and the Grenadines. It offers trading on various financial instruments with a choice of four account types on MT4 and MT5 trading platforms. Pros & Cons Based on the information presented, the pros of FXWINNING include a variety of trading instruments, multiple account types to choose from, and support for the popular MT4 and MT5 platforms. The broker also offers copy trading as an additional feature. However, the cons of FXWINNING include the lack of legitimate regulation and transparency regarding minimum deposit requirements. Additionally, the spreads and commissions are relatively high compared to other brokers in the market. Pros Cons • Wide range of markets and trading instruments • No information on minimum deposit requirement • Multiple account types to suit different needs • Wide spreads • Copy trading feature available • Limited funding options • MT4 and MT5 trading platforms available • No educational resources for novice traders Overall, traders may want to carefully consider these factors before choosing FXWINNING as their broker. FXWINNING Alternative Brokers There are many alternative brokers to FXWINNING depending on the specific needs and preferences of the trader. Some popular options include: FxPro - a reliable broker with a solid reputation, offering a wide range of trading instruments and excellent customer support. GMI - a relatively new broker in the industry, but with an impressive range of trading products, competitive pricing, and advanced trading tools. TMGM - a reputable broker with a robust regulatory framework, offering competitive spreads, fast execution, and a user-friendly trading platform. Ultimately, the best broker for an individual trader will depend on their specific trading style, preferences, and needs. Is FXWINNING Safe or Scam? Without a valid regulatory license, it is difficult to determine if FXWINNING is safe or a scam. Regulatory bodies such as CySEC, FCA, and ASIC have stringent requirements that brokers must meet to ensure the safety and protection of clients' funds. While segregated accounts are a positive measure, they are not sufficient on their own to ensure the safety of clients' funds. Therefore, traders should be cautious when dealing with unregulated brokers and do thorough research before opening an account with them. Market Instruments FXWINNING offers various market instruments for traders to invest in. These include forex, commodities, indices, stocks, and cryptocurrencies. The forex market is one of the largest and most liquid financial markets in the world, providing ample opportunities for traders to take advantage of price fluctuations in major currency pairs such as EUR/USD, USD/JPY, and GBP/USD. The commodities market includes popular assets such as gold, silver, and oil, which are known for their high liquidity and volatility. Indices, such as the S&P 500 and NASDAQ, provide a diversified portfolio of stocks, allowing traders to invest in a broad range of companies across different industries. FXWINNING also offers a selection of stocks from leading global exchanges, giving traders access to some of the world's most well-known companies. Cryptocurrencies such as Bitcoin and Ethereum are also available for trading. Accounts FXWINNING offers four types of trading accounts for its clients. The Standard account is designed for new traders. ECN account is for more experienced traders. The Premium ECN account is for advanced traders. Raw ECN account is for high volume traders who require direct market access, and it offers raw spreads with a commission charged for each trade. FXWINNING also provides MAM/PAMM accounts for professional traders who manage multiple trading accounts, allowing them to execute trades on behalf of their clients. Unfortunately, FXWINNING does not disclose the minimum deposit requirement for its trading accounts. Leverage FXWINNING offers leverage of 1:100 for all account types. This means that traders can control a larger position with a smaller amount of capital, potentially increasing their potential profits. However, it is important to note that higher leverage also means higher risk, as losses can exceed the initial investment. Traders should use leverage with caution and have a proper risk management strategy in place. It is also important to note that leverage may be subject to change based on the trader's country of residence and regulatory requirements. Spreads & Commissions FXWINNING offers a variety of account types with different spreads and commissions. Standard accounts have a spread starting from 3.2 pips, with a commission of $3. ECN accounts have a spread starting from 1.6 pips, with a commission of $5. Premium ECN accounts have a spread starting from 0.8 pips, with a commission of $8. Raw ECN accounts have a spread starting from 0 pips, with a commission of $10. It is important to note that the commissions are charged per lot traded. These spreads and commissions may vary based on market conditions and the specific instrument being traded. Below is a comparison table about spreads and commissions charged by different brokers: Broker EUR/USD Spread Commission FXWINNING 3.2 pips $3-$10 FxPro 1.2 pips $4.5/lot GMI 0.8 pips $6/lot TMGM 0.0 pips $7/lot Note: Spreads can vary depending on market conditions and volatility. Copy Trade FXWINNING offers copy trading, which is a feature that allows traders to copy the trades of other experienced traders. With this feature, traders can choose to follow and copy the trades of a specific trader or group of traders, which can help them to learn from experienced traders and potentially make profitable trades. FXWINNINGs Copy Trade feature provides a convenient and easy-to-use platform for traders to find and follow experienced traders, as well as manage their copy trading portfolio. Additionally, the Copy Trade feature provides detailed statistics and analytics on the performance of each trader, allowing traders to make informed decisions about which traders to follow and copy. Trading Platforms FXWINNING supports the popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5) trading platforms for Windows and Android. Both platforms provide traders with advanced charting tools, technical indicators, and a variety of order types to execute trades. The MT4 platform offers automated trading through Expert Advisors (EAs), while the MT5 platform offers additional features such as more advanced pending order types and a built-in economic calendar. The mobile versions of both platforms allow traders to access their accounts and trade on the go. Overall, FXWINNING's trading platforms are well-designed, user-friendly, and offer a range of advanced features suitable for both beginner and experienced traders. See the trading platform comparison table below: Broker Trading Platforms FXWINNING MT4, MT5 FxPro MT4, MT5, cTrader GMI MT4, MT5 TMGM MT4, MT5 Deposits & Withdrawals FXWINNING offers bank wire and cryptocurrencies as funding options for its clients. However, there is no information available regarding the minimum deposit requirement for either of these methods. Also, no information about deposit and withdrawal fees. FXWINNING minimum deposit vs other brokers FXWINNING Most other Minimum Deposit N/A $100 Customer Service FXWINNING offers customer support via phone (+357 97723265), email (support@fxwinning.net), and online messaging to assist clients with their queries and concerns. Pros Cons • Offers multiple channels for customer support, including phone, email, and online messaging • No 24/7 customer support available • No live chat support available • No social media customer support available Conclusion Overall, FXWINNING offers various trading instruments and supports popular trading platforms such as MT4 and MT5 for both Windows and Android. They also offer multiple account types to meet different clients needs. However, wide spreads and high commissions are their drawbacks. Additionally, the broker is not regulated by any regulatory body, which could be a red flag for some traders. Traders should exercise caution when considering FXWINNING as their broker of choice. Frequently Asked Questions (FAQs) Q 1: Is FXWINNING regulated? A 1: No. It has been verified that this broker currently has no valid regulation. Q 2: Does FXWINNING offer the industry-standard MT4 & MT5? A 2: Yes. Both MT4 and MT5 are available. Q 3: Is FXWINNING a good broker for beginners? A 3: No. It is not a good choice for beginners. Not only because of its unregulated condition, but also because of its lack of transparency and uncompetitive trading conditions.

Rating Index

RAW ECN

Minimum Deposit
--

Premium ECN

Minimum Deposit
--
How to login to FXWINNING ?
fxwinning Complete Account Guide: Registration, Account Opening, and Login Processes Part One: Account Registration Process How to Register a fxwinning Account Registering for a fxwinning account is the first step to accessing their trading services. Follow these steps to complete the fxwinning regi

  

FxWinning Forex Broker - Complete Information Guide

  

1. Overview of the Broker

  FxWinning, founded in 2020, is an online forex broker registered in Saint Vincent and the Grenadines. The company operates as a privately held entity, providing a range of trading services primarily aimed at retail and institutional clients. FxWinning has positioned itself in the global forex market, offering trading solutions across various asset classes, including forex, commodities, indices, and cryptocurrencies.

  The broker's operational journey began with the aim of catering to a diverse clientele, including both novice and experienced traders. Over the years, FxWinning has introduced various trading features and account types, striving to enhance the trading experience for its users. However, the broker has faced scrutiny regarding its regulatory status and operational transparency.

  FxWinning is associated with a group of companies operating in financial services, although specific parent company details remain unclear. The broker's business model focuses on retail forex trading, providing access to multiple financial instruments through popular trading platforms.

  

2. Regulatory and Compliance Information

  FxWinning operates without any legitimate regulatory oversight, which raises significant concerns regarding the safety of client funds. The broker is not regulated by any level 1, 2, or 3 regulatory authorities, including well-known bodies such as the Financial Conduct Authority (FCA) in the UK or the Australian Securities and Investments Commission (ASIC).

  The lack of regulation means that FxWinning does not have a valid regulatory number or license, and its claims of compliance with KYC (Know Your Customer) and AML (Anti-Money Laundering) measures are not verifiable. Furthermore, the broker does not participate in any investor compensation schemes, which are crucial for protecting client funds in the event of insolvency.

  Client funds are not segregated, meaning they could potentially be used for the broker's operational expenses, increasing the risk for traders. The absence of a reliable regulatory framework makes it essential for potential clients to exercise extreme caution when considering FxWinning as their trading partner.

  

3. Trading Products and Services

  FxWinning offers a diverse range of trading products, including:

  • Currency Pairs: The broker provides access to a wide array of forex pairs, catering to both major and minor currencies. However, the exact number of available currency pairs is not specified.
  • CFD Products: FxWinning includes contracts for difference (CFDs) on various assets, including indices, commodities, stocks, and cryptocurrencies. This provides traders with opportunities to speculate on price movements without owning the underlying assets.
  • Unique Offerings: While specific unique products are not highlighted, the broker claims to support a variety of instruments to accommodate different trading strategies.
  • Retail Services: FxWinning focuses on retail trading services, aiming to provide a user-friendly platform for individual traders. The broker also claims to offer institutional services, although details are limited.

  The frequency of product updates and the introduction of new trading instruments remain unclear, indicating a potential lack of transparency in their offerings.

  

4. Trading Platforms and Technology

  FxWinning supports the widely recognized MetaTrader 4 (MT4) and MetaTrader 5 (MT5) trading platforms. These platforms are favored in the forex trading community for their advanced charting tools, technical indicators, and automated trading capabilities.

  • Platform Support: Both MT4 and MT5 are available for desktop and mobile devices, allowing traders to access their accounts and execute trades on the go.
  • Web-Based Platform: FxWinning does not provide specific details about a proprietary web-based trading platform, focusing instead on the MT4 and MT5 solutions.
  • Execution Model: The broker reportedly employs an ECN (Electronic Communication Network) execution model, which is beneficial for traders seeking direct market access.
  • Technical Infrastructure: Information regarding the server locations and technical infrastructure is not disclosed, which could impact the reliability and speed of trade execution.
  • API Access: There is no mention of API access for automated trading, which may limit options for algorithmic traders.

  

5. Account Types and Trading Conditions

  FxWinning offers several account types, although detailed information about each type is limited:

  • Standard Account: This account is designed for general retail traders, but specifics regarding minimum deposits, spreads, and commissions are not provided.
  • Advanced Accounts: The broker mentions advanced account types, such as VIP or professional accounts, but details on their conditions remain vague.
  • Islamic Accounts: There is no clear information regarding the availability of Islamic accounts, which are crucial for traders seeking Sharia-compliant options.
  • Demo Accounts: FxWinning does not explicitly state the availability of demo accounts for practice trading.
  • Leverage: The broker offers leverage of up to 1:100, which is a common ratio in the industry but could vary based on the asset class.
  • Minimum Trade Size: Specific details on the minimum trade size and overnight fees are not provided, indicating a lack of transparency in trading conditions.

  

6. Fund Management

  FxWinning supports limited deposit and withdrawal methods, which may impact the overall trading experience:

  • Deposit Methods: The broker allows deposits via bank transfers and certain cryptocurrencies, but specific details about supported credit cards and e-wallets remain unclear.
  • Minimum Deposit Requirements: The minimum deposit requirement varies by account type, but exact figures are not disclosed.
  • Processing Times: The processing time for deposits is not specified, leaving potential clients in the dark regarding how quickly they can fund their accounts.
  • Deposit Fees: Information regarding any applicable deposit fees is not provided.
  • Withdrawal Methods: Withdrawal options are similarly limited, with no clear details on processing times or restrictions.
  • Withdrawal Fees: The fee structure for withdrawals is not transparent, which may deter traders from engaging with the broker.

  

7. Customer Support and Educational Resources

  FxWinning offers customer support through various channels, although the effectiveness and availability of these services are questionable:

  • Support Channels: Clients can reach out via email, phone, and online messaging. However, there is no mention of live chat support, which is often a preferred method for immediate assistance.
  • Service Hours: Customer support operates during limited hours, which may not accommodate all traders, especially those in different time zones.
  • Multilingual Support: The broker claims to offer support in multiple languages, although the specific languages are not listed.
  • Educational Resources: There is a notable absence of educational resources such as webinars, tutorials, or e-books, which are essential for novice traders looking to enhance their skills.
  • Market Analysis Services: FxWinning does not provide comprehensive market analysis services, which could be a disadvantage for traders seeking informed decision-making tools.
  • Trading Tools: The availability of trading tools, such as calculators or signal services, is not clearly stated, indicating a potential gap in the broker's offerings.

  

8. Regional Coverage and Restrictions

  FxWinning aims to serve a global market, but there are specific limitations regarding its services:

  • Primary Markets: The broker targets clients worldwide, but the exact regions served are not detailed.
  • Regional Offices: While FxWinning claims to have offices in Saint Vincent and the Grenadines and Hong Kong, the effectiveness of these offices remains unverified.
  • Restricted Countries: Specific countries from which FxWinning does not accept clients are not disclosed, which could lead to potential legal issues for traders in certain jurisdictions.
  • Special Restrictions: The broker's operational limitations and restrictions on specific client groups are not clearly outlined, leaving potential clients uncertain about their eligibility to trade.

  In conclusion, while FxWinning presents itself as a forex broker with a range of trading options, the lack of regulation, transparency in operations, and comprehensive client support raises significant concerns. Prospective traders should carefully consider these factors before engaging with FxWinning broker.

FXWINNING Similar Brokers

FUJI
Fuji Forex Broker - Complete Information Guide   1. Broker Overview   Fuji Inves
1.51
Score
SHINE
Shine Forex Broker - Complete Information Guide   1. Broker Overview   Shine Mar
1.52
Score
VIM
VIM Forex Broker - Complete Information Guide   1. Overview of the Broker   VIM
1.52
Score
ICICI Bank
ICICI Bank Forex Broker - Complete Information Guide   1. Broker Overview   ICIC
1.51
Score
G2G
G2G Forex Broker - Comprehensive Information Guide   1. Broker Overview   G2G, o
1.52
Score
PAXOS
Paxos Forex Broker - Complete Information Guide   1. Broker Overview   Paxos is
1.51
Score
Unverified
HotForex
Hotforex Broker - Complete Information Guide   1. Broker Overview   Hotforex, no
1.51
Score
1.55
Score
1.55
Score
Unverified
IceCity
No license plate
1.55
Score
1.55
Score
1.55
Score
1.55
Score
Acedais
Acedais Forex Broker - Complete Information Guide   1. Broker Overview   Acedais
1.55
Score
1.55
Score
1.55
Score
1.55
Score
Unverified
BEIT
No license plate
1.55
Score
1.56
Score
Prakash K. Shah
Prakash K Shah Forex Broker - Comprehensive Information Guide   1. Broker Overvi
1.55
Score
1.55
Score
1.55
Score
1.55
Score
1.55
Score
1.55
Score
1.55
Score
1.55
Score
1.55
Score
Wisdom Capital
Wisdom Capital Forex Broker - Complete Information Guide   1. Broker Overview
1.64
Score
1.55
Score
1.56
Score
1.56
Score

Latest Reviews

FX1296943052

FX1296943052

New Zealand

Good platform for investing and trading. A great choice for inexperienced traders like me. Here you can also copy trades of advanced traders.

Positive

2023-02-28

笑看风云77757

笑看风云77757

Australia

I admit that some of the company's trading conditions are quite attractive, such as MT4, MT5, leverage, spreads...but it does not have any regulatory licenses.

Positive

2022-12-16

FXWINNING

News

FxWinning Sued by Investors

Exposure FxWinning Sued by Investors

Investors, led by Cody Kerns and represented by Sanchez Fischer Levine, LLP, have filed a lawsuit seeking over $28 million in damages against forex trading platform FxWinning, Ltd., and its owners and partners, alleging fraud and deceptive trade practices.

FXWINNING Forex Broker has an overall rating of 1.51, Regulatory Index 0.00, License Index 0.00, Business Index 7.03, Software Index 4.00 Risk Control Index 0.00.