You don’t want to trade with non-regulated trading companies and WinGroup broker is exactly that. Not only that they lack the license, but they don’t provide any ownership or office information on their website.
On top of that, if you would like to reach out to them, you only have a web form. There is no phone number available to get in touch with the company. Already too many bad signs. But let’s dig deeper into our WinGroup review and find out more.
On top of that, we seriously recommend you not to invest in the fake brokers Duvaro, BBanc, and IDealTrade. Do not trade with these unlicensed brokers if you want to save your money!
|Broker status:||Unregulated Broker|
|Regulated by:||Unlicensed Scam Brokerage|
|Blacklisted as a Scam by:||N/A|
|Owned by:||WinGroup Ltd|
|Headquarters Country:||St. Vincent and Grenadines|
|Supported Platforms:||Web trader|
|Cryptocurrencies:||Yes – BTC, ADA, ETH|
|Types of Assets:||Forex, Commodities, Indices, Shares, Cryptocurrencies|
|Free Demo Account:||No|
|Accepts US clients:||No|
Is WinGroup a Regulated Or a Scam Broker?
WinGroup trading is just one more in the line of brokers that don’t have any licenses. Since they present themselves as a trusted broker, but they are scamming people from the UK we checked the first FCA database. Upon checking the register of FCA Tier 1 Regulator we didn’t find anything.
We checked as well some other regulators from the same group like BaFin, ASIC and CONSOB, but the situation was the same. As a result, any deposited funds with this broker are not safe.
Don’t let WinGroup broker vanish with your money. They don’t have a license for trading and their website is completely anonymous. Moreover, insanely high leverage can only lead you to high-risk investments.
Reasons for Using a Regulated Broker for Trading
Regulated brokers will provide you with proper education about trading and safety in the financial market. Their goal is to make your trade as much as possible because they make money from the commission when you open a trade. On the other hand, scamming brokers are making money from your deposits.
As expected, their trading platform is nothing but a basic web trader. Only basic trading tools are available with a low execution time. If you were looking for EAs, social trading or copy trading you can forget about it with this broker.
The good thing about this broker is that you can check the platform without registering. There is a high potential that platforms are even manipulated into presenting virtual data.
Trade On Mobile Devices
If you would like to use your mobile device for trading purposes, with this broker you would be limited. This software is only web-based and the company doesn’t provide any app for Android and iOS devices. Software like this can’t come near MetaTrader. So, better find a reliable company with trusted software.
What Financial Instruments Does WinGroup Include?
The broker provides you with a lot of trading assets and you can check them all on their platform. 5 different classes are common among trading companies. Those are:
- Forex USD/NZD, AUD/HKD, GBP/SGD
- Commodities oil, gold, silver
- Indices DAX30, AU200, BE20
- Shares Nvidia, Intel, Cisco
- Cryptocurrencies BTC, ADA, XRP
Most of the assets are widely presented and known to normal people. That is the point during a presentation to make those opportunities more realistic.
WinGroup Service Countries
Through the research and other WinGroup reviews, we found that they are scamming traders from:
If you come from any of these countries, be careful in handing your money over to these bogus scammers. Think twice before making any risky investments. Since they are trading with customers from highly regulated countries, we expect them to be blacklisted soon.
WinGroup Types of Accounts – An Overview
Account types are there just that broker has something to pitch you with. None of these know how to trade. So, practically you can try it out yourself with 250$, but besides that, you have other account types.
- Basic 5.000$
- Gold 10.000$
- Premium 25.000$
- Diamond 50.000$
- Libra Invitation only
Libra account was famous at the time when Facebook was announcing its own cryptocurrency launch. But don’t fall for those stories because you will lose everything.
WinGroup Deposit and Withdrawal Policies
The company offers a credit/debit card method for deposit or cryptocurrency transfer. Be aware of crypto transfers, because those are really hard to trace. However, when it comes to withdrawals, this broker is on another level with it.
They don’t let people withdraw their profits. Moreover, without any shame, they continue calling and asking for more money. Of course, like most scamming companies they also perform a withdrawal fee scam.
That works on a principle where you have to pay for your funds to be released. Sometimes it’s about taxes and sometimes about other charges. But all of that is nonsense. Don’t fall for those fairy tales. If you check any other WinGroup review, you will see the same comments.
WinGroup Terms and Conditions
The only thing that is good with this broker is their instant access to the trading platform. That way you can check leverage, spreads and overnight swap commissions. Now, since this is not a regulated broker, they sometimes tend to adjust trading conditions.
In one click, they can change the conditions under which you are trading. Suddenly you end up losing all of your funds.
So, whatever is stated in their documents about trading conditions, that goes in favor of customers, we wouldn’t believe it so much.
You have proof of that in WinGroup reviews.
Scammed by a WinGroup Broker? – We Want To Hear Your Story.
Everyone sometimes falls for a scam. Whatever it is. To prevent these brokers from doing this continuously without any consequences, you need to share your story. If you were scammed you can still get a refund through a chargeback.
Contact us today, to get more details.
What Is the Chargeback Procedure?
It’s a simple reversal transaction when fraudulent activity is performed on a card. If you were using some other depositing method it could be a bit harder, but still achievable. Of course, for someone who knows what to do.
Don’t think about it twice. Contact us now for a free consultation!
What Is WinGroup?
It’s a non-licensed and anonymous broker that is providing FX and CFD trading services.
Is WinGroup a Scam Broker?
According to all WinGroup reviews, yes. There is no doubt about it now.
Is WinGroup Available in the United States or the UK?
They provide their services only to UK clients, but not to the US.
Does WinGroup Offer a Demo Account?
They don’t provide access to a demo account. Luckily, you can check their platform without depositing money, but you can’t trade.
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