winxfxtrade is a CFD broker with its official website domain registered on October 31, 2023. This broker primarily offers investment services in trading markets such as forex, cryptocurrencies, indices, stocks, energy, and commodities. It does not provide services to countries and regions where it might violate local laws or regulations.
Company Registration Information and Regulatory Status
According to public information on the winxfxtrade official website, the broker was established in 2016 and claims that its corporate entity is VLS, asserting it is regulated by the Australian Securities and Investments Commission (ASIC). Aside from these claims, the broker does not disclose company registration details or comprehensive regulatory information.
Upon investigation, the Australian Securities and Investments Commission (ASIC) has no records of any regulated company named "VLS."
Therefore, winxfxtrade is essentially a scam broker website with no corporate entity or regulatory oversight.
Account Opening Process
The account opening process for winxfxtrade involves visiting the broker's official website, clicking on "Open Account" on the homepage or "SIGN UP" at the top right corner of the page to enter the account registration page. Fill in personal information such as name and email address, set a login password, and submit. After verification, the account can be successfully registered.
Trading Instruments
winxfxtrade offers a variety of trading products to its clients, including forex, indices, commodities, stocks, and cryptocurrencies.
- Forex: Forex trading involves the exchange of different currencies, known for its high liquidity, allowing traders to profit from exchange rate fluctuations.
- Indices: Index trading allows speculation on the performance of an entire market or sector without trading individual stocks. By exploring popular indices, one can find diversified trading opportunities and use high leverage to enhance potential returns.
- Commodities: Commodity trading covers key resources in global markets, allowing traders to buy and sell various raw materials, including metals, energy, and agricultural products.
- Stocks: Stock trading enables investors to participate in the price fluctuations of public companies, earning profits based on company performance and dividends without actually holding the stocks.
- Cryptocurrencies: Cryptocurrency trading offers digital currency enthusiasts the opportunity to profit from highly volatile assets.
Investment Plans
winxfxtrade offers four different types of investment plans: STARTER ACCOUNT, CLASSIC ACCOUNT, PLATINUM, and FOREX SIGNALS.
STARTER ACCOUNT:
- Minimum deposit: £500
- Minimum expected profit: £3,500
- Maximum expected profit: £5,000
- Trader education*
- Risk management
- Tax-free spread trading profits
CLASSIC ACCOUNT:
- Minimum deposit: £5,000
- Minimum expected profit: £45,000
- Maximum expected profit: £50,000
- Expert news and analysis
- Competitive spreads
- Advanced trading tools
- Tax-free spread trading profits
PLATINUM:
- Minimum deposit: £10,000
- Minimum expected profit: £99,999
- Full benefits
- Trader education*
- Advanced risk management
- Tax-free spread trading profits
FOREX SIGNALS:
- Professional forex signals
- Up to 10 signals per day
- 95% success rate
- 24/7 support
- Advanced trading tools
- Bitcoin payment only
- Use any broker
Trading Platform
winxfxtrade offers a proprietary trading platform, claiming the platform's average order execution speed is less than 7.12 milliseconds, with liquidity provided by over 12,000 comprehensive sources per second. However, clicking the provided download link directs to the MT4 trading platform, where no broker named winxfxtrade can be found.
Deposits and Withdrawals
winxfxtrade does not support deposits and withdrawals via credit cards or bank transfers, accepting only cryptocurrency transactions.
Conclusion:
Traderknows reminds investors that winxfxtrade is a scam broker that lures investors with high returns. The website has no actual company entity or any regulation. Investors are advised to choose brokers with transparent information, strong regulation, and good reputation to avoid unnecessary financial losses.
Currently, this broker is labeled as a "Scam" on Traderknows.
