Check why we do not advise trading with this broker by reading our FxWinning review.
Website: http://fxwinning.net/ and https://fxwinning.pro/
Website Availability: No
Official Address:
- Cosco Tower, 183 Queen Road Central, Hong Kong
- Ariadne House, office 32, 3106 Limassol, Cyprus
- Kingstown, St. Vincent and the Grenadines
Regulation: Unregulated, Offshore
Warned By: Autorité des Marchés Financiers (France) andComisión Nacional del Mercado de Valores (Spain)
Domain Status:
- Domain Name: FXWINNING.NET
- Registrar WHOIS Server: whois.hostinger.com
- Registrar URL: http://www.hostinger.com
- Updated Date: 2024-03-06T16:10:51Z
- Creation Date: 2020-04-02T16:10:02Z
- Registry Expiry Date: 2025-04-02T16:10:02Z
- Registry Domain ID: 2510197942_DOMAIN_NET-VRSN
Is FxWinning Legit or a Scam?
Despite providing well-known trading platforms and multilingual assistance, FxWinning’s legitimacy is seriously questioned. Operating under an appearance of doubt, this online forex broker was registered less than two years ago in St. Vincent and the Grenadines and is not regulated. The registration of the firm in Hong Kong may not provide the required level of observation, which further complicates matters.
Customers should proceed cautiously because the website lacks essential information about trading fees, withdrawal procedures, and account types. The platform’s user-friendly design and support services could draw traders, but its reputation is further damaged by the fact that major financial hubs like Cyprus and Hong Kong lack regulation.
Finally, Fxwinning.net is not legitimate and should not be recommended because of its unregulated state, regardless of what it may say. For the sake of financial security, investors should give preference to platforms that are subject to strict regulatory oversight.
Account Information and Trading Platforms
The markets and account alternatives that FxWinning offers outside of MAM/PAMM accounts, it is unclear. The website withholds information on trading leverage and other expenses like spreads and charges.
Clients can, however, utilize the well-known MetaTrader4 and MetaTrader5 platforms, which are praised for their feature-rich designs and user-friendly interfaces. To meet the demands of both inexperienced and seasoned traders, these platforms support a wide range of devices and include cutting-edge charting tools, real-time market data, automated trading options, and compatibility with Expert Advisors.
Fund Withdrawal
Reviews about Fxwinning.net have been overwhelmingly unfavorable because of their unclear policies about fund withdrawals. The company has been withholding payments for more than two months without explaining, according to several users’ reports. Customers who are dissatisfied have complained about excessive wait times, unhelpful customer service, and not being able to access their money for trading. The issue has gotten so bad that people are talking about possible class-action lawsuits and other legal actions. This alarming behavior emphasizes how important transparency and accountability are in the financial services sector.
How to claim a refund from FxWinning?
If you’ve tried and failed to get your money back from Fx Winning, collect your documentation. Save any correspondence as evidence for your requests for a refund. Proceed with the chargeback procedure immediately if they refuse or cease. Inform your bank about the questionable business practices and unlicensed status of FxWinning.
Regarding wire transfers, what is the situation?
Refunds are challenging with wire transfers since chargebacks are not allowed. To escalate the matter, file complaints and get in touch with the authorities. This approach often prompts reconsidering refund choices. Prepare a comprehensive fraud report and forward it to the company along with a notice that you intend to forward it if no refunds are received. Contact us if you need any help.
FxWinning Review – Conclusion
It is evident from the information in our FxWinning review that this broker does not live up to the expectations of a respectable brokerage. The platform’s legitimacy is called into doubt due to many warnings from financial regulators and the absence of regulation in major countries. Even with well-known trading platforms and multilingual customer service, important details like trading costs and withdrawal policies are noticeably missing. The company’s instability is further shown by its poor contact with users and withholding of money. Finally, we highly advise against using FxWinning.pro for trading.
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