Search

Winner S Trade foreign exchange brokers specializing in providing foreign exchange trading services, the company's official website https://crm-portal.wstradefx.com/register, about the company's legal and temporary regulatory information, the company's address .

Winner S Trade Forex Broker

Basic Information

Registered Region
United Kingdom
Operating Period
--
Company Name
Winner S Trade Limited
Abbreviation
Winner S Trade
Company employee
--
Customer Service Email Address
info@wstradefx.com
Company Website
Keywords
2-5 years
Suspicious Regulatory License
Suspicious Scope of Business
High potential risk

Company profile

Winner S Trade Review Summary in 10 PointsFounded2022Registered Country/RegionUnited KingdomRegulationNFA (Unauthorized)Market InstrumentsForex, CFDs, Precious Metals, and Index/StockDemo AccountAvailableLeverage1:1-1000:1EUR/USD Spread0.8 pointsTrading PlatformsXOHMinimum deposit$50Customer Support24/5 emailWhat is Winner S Trade? Winner S Trade is a financial brokerage firm registered in the United Kingdom that provides investment services in various financial instruments such as forex, CFDs, precious metals, and stock indices through the XOH platform. However, Winner S Trade is not authorized or regulated by any regulatory authority. The company's website also lacks transparency regarding its trading conditions. Pros & Cons ProsCons• Offers a wide range of investment strategies for various assets• No regulation• Provides flexible leverage ranging from 1:1 to 1000:1• Not enough information on the Website• 24/5 customer support• Nontransparent trading conditions• No MT4 or MT5 trading platform• Limited payment options• No 7/24 customer supportIs Winner S Trade Safe or Scam? Winner S Trade raises several red flags that should cause concern for potential investors. The fact that they are unregulated and have an unauthorized license from the National Futures Association (NFA) is a major concern. Market Instruments Winner S Trade offers a range of market instruments for trading, covering various asset classes such as Forex, CFDs, Precious Metals, and Index/Stock. The broker claims to provide more than 60 currency pairs varieties, including the major currencies such as USD, JPY, EUR, GBP, CHF, and CAD, as well as emerging economy currencies. In addition to currency pairs, Winner S Trade also offers trading in CFDs on stock indices and individual stocks. Precious metal trading includes popular metals such as gold, silver, and platinum. With a variety of market instruments available for trading, investors have the opportunity to diversify their portfolio and potentially capitalize on market opportunities in different asset classes. However, due to the fact that Winner S Trade is unregulated, it is not advised to invest here.Accounts There is no specific information about the types of demo and live accounts provided by Winner S Trade on their website. It is unclear if they offer different account types with varying features or if all accounts have the same conditions. Furthermore, there is no information regarding account specifications such as leverage, spreads, and commissions.Leverage Winner S Trade claims to offer a flexible leverage ranging from 1:1 to 1000:1, allowing traders to amplify their trading position size relative to their account balance. The broker also offers leverage up to 50:1 for silver and other major commodities, up to 200:1 for gold product trading, and up to 400:1 for trading red rod magnification charges. Since leverage can amplify both gains and losses, it can result in devastating losses for investors who lack experience. If you're just starting out in the trading world, it's best to stick with the lower size.Spreads & Commissions Winner S Trade's website does not provide clear and specific information on their spreads and commissions, which is a major concern for potential traders. While the broker claims to offer spreads as low as 0.8 points on more than 60 currency pairs, there is no further information available on the spread types or average spreads on the website. Additionally, there is no mention of any commissions charged by the broker. This lack of transparency is a cause for concern, and traders should exercise caution when considering trading with Winner S Trade. Below is a comparison table about spreads and commissions charged by different brokers:BrokerEUR/USD SpreadCommissionsWinner S Trade0.8 pointsN/AForexMart1.2 pipsNo Grand Capital1.0 pipsNo Hirose Financial0.8 pipsNoTrading Platforms Winner S Trade offers XOH as its trading platform for Desktop, iOS, and Android users. The broker claims that it is a recognized trading platform for global financial service providers and provides full-coverage technical analysis of the 24-hour foreign exchange market. However, it is not as reliable as the industry-leading MT4 and MT5 trading platforms. BrokerTrading PlatformsWinner S TradeXOHForexMartMetaTrader 4, WebTraderGrand CapitalMetaTrader 4, MetaTrader 5, WebTraderHirose FinancialMetaTrader 4, Lion TraderDeposits & Withdrawals Winner S Trade claims about offering multiple payment methods including credit cards (VISA/Mastercard), SWIFT wire transfers as well as several e-wallet payment systems such as BPAY, Skrill, POLi and Neteller, but they are not accurate. The broker only accepts payments via one Dutch e-wallet system, ThunderXPay, and crypto USDT. The minimum deposit requirement is $50. Customer Service Winner S Trade claims to offer 24/5 customer support to its clients, but only through email: info@wstradefx.com. This can be quite limiting as clients may need quick assistance with urgent matters or have questions that require immediate answers. Also, there is no phone or live chat support, which is a common feature among many reputable brokers. The lack of multiple communication channels for customer support can be a red flag and may suggest that the broker is not adequately invested in its clients' satisfaction.ProsCons• 24/5 customer support• No 24/7 customer support• No live chat or phone support• No social networks supportConclusion Winner S Trade appears to be an unregulated and potentially unreliable forex broker. While they claim to offer a wide range of trading instruments and flexible leverage, their lack of transparency regarding account information, spreads, and commissions, as well as their limited and unreliable trading platform, raise concerns about their legitimacy. Additionally, their limited deposit and withdrawal options, and lack of comprehensive customer service further add to the potential risks of trading with Winner S Trade. Overall, traders should exercise caution when considering Winner S Trade as their forex broker.Frequently Asked Questions (FAQs)Q 1:Is Winner S Trade regulated?A 1:No. Their National Futures Association (NFA) license in the United States is unauthorized.Q 2:Does Winner S Trade offer demo accounts?A 2:Yes.Q 3:Does Winner S Trade offer the industry-standard MT4 & MT5?A 3:No. Instead, it offers XOH.Q 4:Is Winner S Trade a good broker for beginners?A 4:No. It is not a good choice for beginners. Not only because of its unregulated condition, but also because of its lack of transparency.

Rating Index

How to login to Winner S Trade?
Winner S Trade Complete Account Guide: Registration, Account Opening, and Login Processes This comprehensive guide will walk you through the essential processes of registering, opening an account, and logging into the Winner S Trade platform. Whether you are a new user or looking to refresh your kno

  

Winner S Trade Forex Broker - Comprehensive Information Guide

  

1. Broker Overview

  Winner S Trade Limited is a financial brokerage firm that was founded in 2022. The company is registered in the United Kingdom, with its operations primarily targeting retail traders interested in various financial markets. Winner S Trade operates as a private entity, offering trading services to a global clientele, focusing on retail forex, CFDs, precious metals, and stock indices.

  Since its inception, Winner S Trade has aimed to provide a diverse range of trading instruments, catering to the needs of both novice and experienced traders. The company utilizes the XOH trading platform, which supports various asset classes and provides tools for market analysis. Despite its relatively short history, Winner S Trade has made efforts to establish itself in the competitive forex market, although it faces significant challenges due to its lack of regulatory oversight.

  The business model of Winner S Trade encompasses retail forex trading and contract for difference (CFD) trading, which allows clients to speculate on price movements of various assets without owning the underlying instruments. The broker claims to offer a wide array of trading options to enhance the trading experience for its users.

  

2. Regulatory and Compliance Information

  Winner S Trade is currently not regulated by any recognized financial authority. The firm claims to hold a license from the National Futures Association (NFA) in the United States; however, a verification check reveals that it is not listed as an NFA member, indicating that the license is unauthorized. This lack of regulation raises significant concerns regarding the safety of client funds and the overall legitimacy of the broker.

  As an unregulated entity, Winner S Trade does not adhere to the stringent requirements set forth by financial regulators, such as the segregation of client funds or participation in investor compensation schemes. Consequently, clients' funds are at risk, as there are no protections in place should the broker encounter financial difficulties.

  The broker's website does not provide comprehensive information regarding its Know Your Customer (KYC) and Anti-Money Laundering (AML) compliance measures, which are essential for ensuring the security and legitimacy of financial transactions. This absence of transparency is a critical red flag for potential investors.

  

3. Trading Products and Services

  Winner S Trade offers a variety of trading products, primarily focusing on forex and CFDs. The broker claims to provide access to over 60 currency pairs, including major currencies such as USD, JPY, EUR, GBP, CHF, and CAD, as well as emerging market currencies.

  In addition to forex, Winner S Trade allows trading in CFDs across several asset classes, including:

  • Indices: Such as S&P 500 and NASDAQ-100.
  • Precious Metals: Including gold, silver, and platinum.
  • Stocks: Individual stock CFDs are also available.

  The broker does not currently offer cryptocurrency trading or commodities, which limits the diversity of its product offerings. Furthermore, there is no clear information available regarding the frequency of product updates or the introduction of new trading instruments.

  Winner S Trade provides retail trading services primarily, but there is no mention of institutional services or white-label solutions on its website. The absence of asset management services or specialized offerings for institutional clients further indicates a focus on the retail trading market.

  

4. Trading Platforms and Technology

  Winner S Trade utilizes its proprietary trading platform, XOH, which is designed for desktop and mobile use. However, it does not support the widely recognized MetaTrader 4 (MT4) or MetaTrader 5 (MT5) platforms, which are preferred by many traders for their advanced features and user-friendly interface.

  The XOH platform claims to offer:

  • Web-based access for seamless trading across devices.
  • Mobile applications for iOS and Android, enabling trading on the go.
  • ECN and STP execution modes, although the reliability and efficiency of these modes are not well-documented.

  The broker does not provide detailed information regarding its server locations or the underlying technology infrastructure, which are crucial for ensuring fast and secure trade execution. Additionally, there is no mention of API access or support for automated trading strategies, which limits trading flexibility for algorithmic traders.

  

5. Account Types and Trading Conditions

  Winner S Trade offers limited information regarding the types of accounts available to traders. The broker appears to provide only a standard account, which requires a minimum deposit of $50. However, specific details about account features, such as spreads, commissions, and leverage, are not clearly disclosed.

  The trading conditions include:

  • Leverage: Up to 1:1000, which can amplify both profits and losses, posing significant risks for inexperienced traders.
  • Spreads: The broker advertises spreads starting from 0.8 pips for major currency pairs, but there is no detailed information on average spreads or commission structures.

  There is no indication that Winner S Trade offers specialized account types, such as Islamic accounts or professional accounts for high-volume traders. Additionally, the lack of a demo account policy limits the ability for potential clients to practice trading before committing real funds.

  

6. Fund Management

  Winner S Trade claims to support various deposit methods, including credit cards (Visa and Mastercard), bank transfers, and several e-wallet systems. However, upon further investigation, it appears that the broker only accepts payments through a single Dutch e-wallet system, ThunderXPay, and cryptocurrency (USDT).

  The minimum deposit requirement varies based on account type, with a standard account starting at $50. The processing time for deposits can take up to 5 days, depending on the payment method used. However, the broker does not provide clear information regarding deposit fees or withdrawal restrictions.

  Withdrawal methods and processing times are also not well-documented, raising concerns about the ease of accessing funds. Given the lack of transparency regarding fees and withdrawal policies, clients may face challenges when attempting to retrieve their funds.

  

7. Customer Support and Educational Resources

  Winner S Trade offers customer support primarily through email, with a dedicated support address: info@wstradefx.com. The broker claims to provide support 24/5, but there is no live chat or phone support available, which may limit assistance for urgent inquiries.

  The website does not mention the availability of educational resources or market analysis services, such as webinars, tutorials, or research reports. Without adequate educational tools, traders, especially beginners, may find it challenging to navigate the complexities of the forex market.

  The absence of multilingual support further restricts access for non-English speaking clients, as the website appears to only support English and simplified Chinese.

  

8. Regional Coverage and Restrictions

  Winner S Trade primarily serves clients in the United Kingdom and potentially other regions, but specific details about its operational jurisdictions are scarce. The broker does not provide comprehensive information about regional offices or the countries it accepts clients from.

  It is crucial to note that Winner S Trade may not accept clients from countries with strict regulations on forex trading, which could include the United States, Canada, and several European nations. The lack of transparency regarding these restrictions could lead to potential legal issues for clients in those regions.

  In conclusion, potential investors should exercise caution when considering Winner S Trade as their forex broker. The absence of regulatory oversight, limited product offerings, and lack of transparent information raise significant concerns about the safety and reliability of this brokerage. It is advisable for traders to thoroughly research and consider alternative, regulated brokers that offer robust protections for client funds and comprehensive trading services.

Winner S Trade Similar Brokers

GAD
GAD Forex Broker - Complete Information Guide   1. Broker Overview   GAD Interna
1.43
Score
IDA
IDA Forex Broker - Complete Information Guide   1. Broker Overview   IDA Tech Gr
1.43
Score
Verse
Verse Forex Broker - Complete Information Guide   1. Broker Overview   Verse Cap
1.43
Score
GFX
GFX Forex Broker - Complete Information Guide   1. Broker Overview   GFX, offici
1.43
Score
EFX
EFX Forex Broker - Complete Information Guide   1. Broker Overview   EFX, offici
1.43
Score
1.47
Score
1.47
Score
1.47
Score
1.47
Score
1.47
Score
1.47
Score
Unverified
XINHUA SECURITIES
No license plate
1.47
Score
Unauthorized
Grvfx
No license plate
1.47
Score
IBM
1.47
Score
1.47
Score
TP
1.47
Score
FXD
Fxd Forex Broker - Complete Information Guide   1. Broker Overview   Fxd, offici
1.47
Score
Unverified
Intetrader
No license plate
1.47
Score
Unverified
ZhongYang Futures
No license plate
1.47
Score
SMO
Smo Forex Broker - Complete Information Guide   1. Broker Overview   Smo, offici
1.48
Score
ECG
1.48
Score
1.47
Score
1.47
Score
1.47
Score
Unverified
hrfsw
No license plate
1.47
Score
1.47
Score
1.47
Score
1.48
Score

Latest Reviews

Beatery

Beatery

Russia

Winner S Trade is an excellent trading platform with a wide range of market instruments to choose from. And when it comes to customer support, they're top-notch! Their team is always friendly, knowledgeable, and ready to help with any questions or concerns.

Positive

2024-07-11

FX1494013530

FX1494013530

United Kingdom

As a newbie, the promise of no commission was appealing, and the low minimum deposit made it easy to start.

37130

2024-06-18

Allen Wu.

Allen Wu.

Belarus

Because of health reasons i must stop trading , i withdrew my money and the withdrawl was rejected, not even a email about this , i logged into my account and was shocked to see this , now i had to email support to try and sort this out

37130

2024-04-26

Winner S Trade Forex Broker has an overall rating of 1.43, Regulatory Index 0.00, License Index 0.00, Business Index 6.40, Software Index 4.00 Risk Control Index 0.00.
Winner S Trade