WikiFX Broker Assessment Series | Is WinproFx Reliable?

About WinproFX

Based in Saint Lucia, WinproFX Ltd is a financial trading company offering a variety of market instruments, including Forex, Indices, Metals, Cryptocurrency, and others. This broker has trading experience of more than one year. However, WikiFX has given this broker a low score of 2.23/10.

Is it Legit？

This broker is not regulated as you can see above. Investing in an unregulated broker is risky for your fund safety.

Account Types

WinproFx provides traders with Standard Account. This type of account is typically designed for beginners or those new to trading.

Leverage

WinproFx offers a maximum leverage of 1:500 for all account types. This means that traders can effectively increase their trading position by up to 500 times their account balance. With a higher leverage, traders have the opportunity to potentially generate more significant returns on their trades. However, while high leverage can potentially lead to higher profits, it can also result in increased losses.

Trading Platform

The trading platform provided by WinproFx is MetaTrader 5, often abbreviated as MT5. Being one of the most popular trading platforms in the world, MT5 offers advanced features and tools suitable for both beginners and experienced traders. And it can be accessed via both desktop and mobile devices.

Deposit & Withdrawal

WinproFx has set a minimum deposit of $100 across all account types. You can fund your account using two methods: bank wire transfers and credit cards. It is worth noting that WinproFx does not accept third-party payments, ensuring the security of transactions and investor funds.

For trading time, WinproFx processes all requests from Monday to Friday, 9 am to 6 pm Labuan time. Requests received outside these working hours will be processed on the next business day.

Conclusion

WinproFx is not a viable option for trading. It's imperative to remain vigilant, stay updated with WikiFX's latest information, and conduct thorough due diligence before committing funds to any brokerage. Market dynamics and broker reputations are subject to change, emphasizing the need for informed decision-making to mitigate potential risks in trading endeavors.