Wingo Markets Spreads, leverage, minimum deposit Revealed

WINGO Information

　　WINGO, established in 2023 and headquartered in Cyprus. This trading platform offers multiple account types including Standard, ECN, RAW, VIP, Social Trade, Social Trade VIP. The platform requires a minimum deposit of $100 of standard account and provides leverages of up to 1:400.

　　Trading occurs across various markets, including cryptocurrencies, forex, commodities, indices, and stocks, offering traders a comprehensive range of tradable assets. WINGO operates primarily on the MT5 trading platform. The platform offers competitive spreads, starting as low as 0.0 pips, enhancing trading efficiency.

Is WINGO Legit?

　　WINGO is currently regulated by FinCEN with the license number of 31000253973445.

Pros & Cons

Market Instruments

1. FOREX: With ultra-low spreads as tight as 0.1 pip, trade 182 FX spot pairs and 140 forwards spanning majors, minors, exotics, and metals.
2. METALS: Diversify your portfolio by trading gold, silver, copper, and platinum with spreads starting from 0.8 pips.
3. COMMODITIES: Trade a wide range of commodities including USOIL, with spreads starting from 0.3 and the flexibility to engage in CFDs, futures, options, spot pairs, and more.
4. INDICES: Access over 100 instruments with spreads as low as 0.4 on US500, allowing both long and short positions across various indices with low commissions.
5. STOCKS: Gain access to stocks across core and emerging markets with spreads starting from $3 on US stocks, encompassing major exchanges globally.
6. CRYPTO: Engage in crypto trading with remarkably low spreads as low as 0.01%, ensuring competitive rates and minimized commissions for crypto enthusiasts.
   

Account Types

　　WINGO offers a tiered account structure.

　　For beginners, the Standard account provides a low-barrier entry with zero commission and a minimum deposit of $100.

　　As trading experience grows, the ECN and RAW accounts offer progressively tighter spreads (from normal to raw) and lower commissions, with minimum deposits of $500 and $2,000 respectively.

　　The VIP account targets high-volume traders with the tightest spreads (from 0 pips) and a minimum deposit of $10,000.

　　Social trading options are available for those interested in copy trading, with the Social Trade account offering commission-free trading and spreads from 0.4 pips, while the Social Trade VIP account provides tighter spreads from 0.1 pip for a $5,000 minimum deposit.

Leverage

　　WINGO offers a maximum leverage of up to 1:400 for traders. Leverage allows traders to amplify their position size with a relatively small amount of capital. A 1:400 leverage means that for every unit of capital in the trader's account, they can open a position in the market that is 400 times larger.

Spreads & Commissions

　　WINGO boasts competitive spreads and a commission-free structure for its traders. The spreads at WINGO start as low as 0 pips, indicating minimal differences between the buying and selling prices of assets. This low spread is advantageous for traders as it can reduce trading costs.

　　However, they do not explain any detailed information of commissions.

Trading Platform

　　WINGO offers traders access to MetaTrader 5, a cutting-edge platform designed by Metaquotes. It boasts numerous advantages, including 21 timeframes for a whole view of market movements, support for 6 pending order types, and the flexibility of both hedging and netting options. Moreover, it includes a multi-thread strategy tester for expert advisors (EAs).

Deposit & Withdrawal

　　You can fund your WINGO account using various methods, including cryptocurrencies, Advcash, VISA, and Mastercard.

Customer Support

　　WINGO offers multifaceted customer support through varied channels. Contact them via email at support@wingomarkets.com for comprehensive assistance. Additionally, their hotline at +35725591367 provides direct access to knowledgeable representatives, ensuring swift resolution of queries. For immediate assistance and real-time guidance, an online chat option is available.

FAQs

　　What is the minimum deposit required to open an account with WINGO?

　　$100.

　　Which trading platform does WINGO offer?

　　WINGO offers the MetaTrader 5 platform for traders, equipped with advanced features and multiple tools.

　　Are there any commission fees charged for trades on WINGO?

　　WINGO operates on a commission-free model at standard and social trade account.

　　How many tradable assets are available on WINGO?

　　WINGO offers access to over 160 CFDs, encompassing cryptocurrencies, forex, commodities, indices, and stocks for trading.