wingoinfx is a CFD broker website registered on January 24, 2024, primarily offering trading services in financial derivatives such as foreign exchange, futures, indices, metals, energy, stocks, and cryptocurrencies to both retail and institutional clients. This broker does not provide services to jurisdictions where it might violate local laws or regulations.
Corporate Registration Information and Regulatory Status
According to publicly available information on the official website of wingoinfx (www.wingoinfx.com), this broker operates under the trade name "Wingo," and the corporate entity is Wingo Group LTD. It claims to have been established in 2023, is purportedly registered in the USA, and is recognized as an international online financial trading services provider. They focus on offering a wide range of financial derivative trading services to retail clients and financial institutions, including forex, precious metals, and CFD products. Additionally, the broker declares that it is registered with the Financial Crimes Enforcement Network (FinCEN) in the USA, with an MSB ID of 31000253973445.
Upon investigation, it is verifiable on the official FinCEN website that a company named Wingo Group LTD with MSB number 31000253973445 is indeed registered. However, FinCEN's mission is to protect the financial system from illicit use, combat money laundering and related crimes (including terrorism), and promote national security through the strategic use of financial authorities and the collection, analysis, and dissemination of financial intelligence. It does not regulate normal financial derivative trading.
Therefore, wingoinfx (www.wingoinfx.com) is essentially a fraudulent broker website with no corporate entity or regulation.
Account Opening Process
To open an account with wingoinfx, visit the broker’s official website and click on “Web/PC” on the homepage to access the account login page. Select the brokerage company and then click "Register" to go to the account registration form. Fill in the email address as required, set a login password, and a verification code will be sent to the user’s email. After providing the verification code and submitting the application form, the account can be successfully registered. Upon logging in, identity verification is required before depositing funds and starting to trade.
Trading Account Information:
The wingoinfx website does not disclose information related to spreads, trading leverage, account types, trading commissions, minimum/maximum trading volume, maximum position/order volume, margin call/stop-out levels, minimum price increments, or contract sizes related to trading accounts.
Trading Platform:
wingoinfx provides users with a proprietary trading platform that offers detailed real-time quote analysis.
Deposits and Withdrawals:
wingoinfx does not clearly disclose the deposit and withdrawal methods, fees, or minimum deposit/withdrawal amounts supported on its website.
Conclusion:
Traderknows reminds investors that wingoinfx is a fraudulent broker website with unclear registration and regulatory information. The only way to contact them is through email, making their contact method very limited. Traderknows advises investors to choose brokers with transparent information, strong regulation, and good reputation to avoid unnecessary financial losses.
Currently, this broker is marked as "Suspected Fraud" on Traderknows.
