WinnGroups-Overview of Minimum Deposit, Spreads & Leverage
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.
Read more
FXPRIMUS SCAM Alert: 5 Reasons Why Traders Are Backing Off
At first glance, FXPrimus appears to be a reputable broker. Its website looks polished and professional, giving the impression of trustworthiness. However, behind this sleek appearance lies a concerning reality. The broker has numerous complaints registered against its name—a series of red flags that you simply can’t afford to ignore. In this article, we’ll tell you the reasons why traders are backing away from FXPrimus.
Forex Trading Options: Definition, Importance, Benefits & Key Insights
Want to invest in forex trading options? You should first learn the concept of foreign exchange options. A lot of traders remain unaware of it. Forex options serve as a great tool for investment diversification and hedging of a spot position. They can also be used to predict short or long-term market views as opposed to trading in the currency spot market.
Think Twice Before Trading with AZAforex – Here’s Why
Brokers often show only their attractive side. They highlight their features, bonuses, and promises of high returns to gain your trust. But behind the scenes, there can be a darker reality they don’t talk about. AZAforex is one of those brokers. We found many red flags during our research about it. All five major warning signs are revealed in this article! Read until the end.
What is Equity in Forex Trading - An In-depth Guide Awaits You!
Wondering what does equity mean in forex trading? You are at the right place! It simply indicates the traders the capital they have currently to trade. Equity is arrived at after adding current profits to the trading balance. In case the trade witnesses losses, they will be subtracted from the trading balance. Upon the closure of all trades, your trading balance is your equity.
WikiFX Broker
Rate Calc
