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FX Wings-Overview of Minimum Deposit, Spreads & Leverage

WikiFX | 2024-12-24 11:06

Abstract:Founded in 2019, FXWings is registered in the United Kingdom and is not regulated. It offers four types of accounts, with the highest leverage reaching 1:500, the lowest spread being 0 pips, and the minimum deposit being 1,000 USD. The trading platform available is the MT4.

Note: FXWings' official website - https://www.fxwings.com is currently inaccessible normally.

FXWings Review Summary
Founded2019
Registered Country/RegionUnited Kingdom
RegulationUnregulated
Market InstrumentsFX Pairs, Commodities, Indices, Global Equities
Demo Account/
LeverageUp to 1:500
Spread2.5 pips (Standard account)
Trading PlatformMT4
Min Deposit$1,000
Customer SupportTel: +44 20 808 95889
Email: client@fxwings.com

Founded in 2019, FXWings is registered in the United Kingdom and is not regulated. It offers four types of accounts, with the highest leverage reaching 1:500, the lowest spread being 0 pips, and the minimum deposit being 1,000 USD. The trading platform available is the MT4.

FXWings

Pros and Cons

Pros Cons
Four types of accounts to choose fromUnavailable website
Flexible leverage ratiosNot subject to any regulation
MT4 trading platformWide spreads on the Standard account
Multiple deposit and withdrawal optionsHigh initial deposit requirements

Is FXWings Legit?

No, FXWings is not regulated. Traders should carefully consider the risks it brings when choosing to trade with it.

No license

What Can I Trade on FXWings?

Investors can trade 25 currency pairs, commodities, gold, silver, indices, and 47 global stocks with FX Wings.

Tradable Instruments Supported
FX Pairs✔
Commodities✔
Indices✔
Global Equities✔
Stocks❌
Cryptocurrencies❌
Bonds❌
Options❌
ETFs❌

Account Type/Leverage/Fees

FX Wings offers investors four different types of trading accounts: Standard, Advanced, ECN Pro, and Premium.

Account TypeMin DepositMax LeverageSpreadCommission
Standard$1,0001:5002.5 pips❌
Advanced$5,0001:5002 pips
ECN Pro$10,0001:2001.5 pips
Premium$30,0001:1000 pips$5 per lot

Trading Platform

Trading PlatformSupported Available Devices Suitable for
MT4✔/Beginners
MT5❌/Experienced traders

Deposit and Withdrawal

FX Wings supports traders to deposit and withdraw funds from their accounts via MasterCard, JCB, Perfect Money, WebMoney, Fasapay, Neteller, Skrill, etc.

Related broker

No Regulation
FXWings
Company name:Wings Financial Services Limited
Score
1.55
Website:https://www.fxwings.com
5-10 years | Suspicious Regulatory License | Suspicious biz area | High potential risk
Score
1.55

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