Winex Markets Spreads, leverage, minimum deposit Revealed

WikiFX | 2022-11-11 10:29

Abstract：Winex Markets, a trading name of Winex Markets Tech DOO, is allegedly a financial services company registered in Turkey that claims to provide its clients with various tradable products with leverage up to 1:500 on the MT5 trading platform, as well as 24/7 customer support service.

　　Note: Winex Markets is to operate via the website - https://winexmarkets62.com/en/, which is currently not yet functional and no information about the company was immediately available. Therefore, we could only gather relevant information from the Internet to present a rough picture of this broker.

　　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 & Regulation

Feature	Detail
Regulation	No Regulation
Market Instrument	indices, cryptocurrency and commodities
Account Type	N/A
Demo Account	yes
Maximum Leverage	1:500
Spread	N/A
Commission	N/A
Trading Platform	MetaTrader5 for Android, iOS, Windows and MAC
Minimum Deposit	N/A
Deposit & Withdrawal Method	N/A

　　Winex Markets, a trading name of Winex Markets Tech DOO, is allegedly a financial services company registered in Turkey that claims to provide its clients with various tradable products with leverage up to 1:500 on the MT5 trading platform, as well as 24/7 customer support service. Here is the home page of this brokers official site:

　　As for regulation, it has been verified that Winex Markets currently has no valid regulation. That is why its regulatory status on WikiFX is listed as “No License” and receives a relatively low score of 1.25/10. Please be aware of the risk.

　　Market Instruments

　　Winex Markets advertises that it offers various trading products, such as indices, cryptocurrency and commodities.

　　Account Types

　　Winex Markets claims to offer real and test accounts. However, it says nothing about the minimum initial capital required to open an account.

　　Leverage

　　The leverage provided by Winex Markets is capped at 1:500. It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you.

　　Trading Platform Available

　　The platform available for trading at Winex Markets is one of the most notable and preferred trading platforms the market offers - MetaTrader5 for Android, iOS, Windows and MAC. This trading terminal is highly praised by traders and brokers alike due to its ease of use and great functionality. The MT5 offers top-notch charting and flexible customization options. It is especially popular for its automated trading bots, a.k.a. Expert Advisors.

　　Bonuses

　　Winex Markets claims to offer various bonuses. In any case, you should be very cautious if you receive a bonus. Bonuses aren't client funds, they're company funds, and fulfilling the heavy requirements that are usually attached to them can prove a very daunting and difficult task. Note that brokers are prohibited from using bonuses and promotions by all leading regulators.

　　Customer Support

　　Winex Markets customer support can be reached by telephone: +90 212 700 09 91, email: info@winexmarkets.com or send messages online to get in touch. You can also follow this broker on social networks such as Twitter, Facebook, Instagram, YouTube and LinkedIn. Company address: TRG SUNCA BR.4 (ZZZI, OFFICE NO 24) BUDVA.

　　Pros & Cons

Pros	Cons
• Demo accounts available	• No regulation
• MT5 supported	• Lack of transparency

　　Frequently Asked Questions (FAQs)

Q 1:	Is Winex Markets regulated？
A 1:	No. It has been verified that Winex Markets currently has no valid regulation.

Q 2:	At Winex Markets, are there any regional restrictions for traders？
A 2:	Yes. Winex Markets does not offer its services to residents of the following jurisdictions: USA, Canada, EU, Sudan, Syria, North Korea, Afghanistan Crimea, Cuba, Iran and Turkey.

Q 3:	Does Winex Markets offer demo accounts？
A 3:	Yes.

Q 4:	Does Winex Markets offer the industry-standard MT4 & MT5？
A 4:	Yes. Winex Markets offers MetaTrader5 for Android, iOS, Windows and MAC.

Q 5:	Is Winex Markets a good broker for beginners？
A 5:	No. Winex Markets is not a good choice for beginners. Not only because of its unregulated condition, but also because of its lack of transparency.