WinnGroups Spreads, leverage, minimum deposit Revealed

WikiFX | 2022-05-20 21:00

Abstract：WinnGroups presents itself as one of the world‘s leading investment firms with operations in the UK, Switzerland, Singapore and Hong Kong, claiming that it has 10 years of experience on the financial markets and holds licenses with reputable authorities like UK’s FCA and CySEC.

　　Note: Since this brokers official site (https://winngroups.com/) is not accessible at the time of writing this introduction, only a cursory understanding can be obtained from the Internet.

　　General Information & Regulation

　　WinnGroups presents itself as one of the world‘s leading investment firms with operations in the UK, Switzerland, Singapore and Hong Kong, claiming that it has 10 years of experience on the financial markets and holds licenses with reputable authorities like UK’s FCA and CySEC.

　　Market Instruments

　　WinnGroups advertises that it offers a wide selection of trading instruments, including forex, commodities, indices, shares, cryptocurrencies.

　　Account Types

　　WinnGroups offers five account types – Silver, Gold, Platinum, Diamond and VIP with minimum deposit requirements of $10,000, $25,000, $100,000, $250,000 and $500,000 respectively.

　　Leverage

　　The maximum leverage is affected by what type of accounts you are holding. The clients of the Silver account enjoy the leverage ratio of 1:20, the Gold account with 1:40, the Platinum account with 1:60, the Diamond account with 1:100 and the VIP account with 1:150. Attention that too high leverage is not always beneficial for traders due to its consistent gains and losses.

　　Spreads & Commissions

　　From the information on the Internet, we only found one piece of information about spreads. It stated that the spread for the EUR/USD pair was 20.4 pips on average. Unluckily, we have no way to verify if it is reliable. Other more detailed information about spreads and commissions are not available.

　　Trading Platform Available

　　Instead of the worlds most renown trading platforms like MetaTrader4 and MetaTrader5, WinnGroups only gives traders a web-based trading platform.

　　Deposit & Withdrawal

　　WinnGroups accepts deposit methods via credit cards, debit cards, and CoinPaid, and withdrawal via credit cards. There are no obvious options for using popular online payment platforms such as PayPal, Skrill, or Neteller. The minimum deposit says to be $250. It also claims that withdrawal processing requires 4 to 7 days and there isnt any withdrawal fees.