Fx Winning, based in Hong Kong and boasting of being unregulated, claims its client’s funds are segregated from those belonging to the company – not an encouraging sign, as unregulated brokers often become scams.
They offer a selection of trading instruments and support both the MT4 and MT5 platforms, making their website accessible for beginners.
Leverage
Leverage is an innovative trading tool that enables traders to execute large trades with relatively limited capital. Instead of paying the total value of the work upfront, only a fractional amount (known as margin) needs to be put down; this magnifies profits and losses exponentially; some brokers limit this ratio to 1:100, while many offer higher ratios.
FXWINNING is an online broker offering Forex, Indices, Metals, and Cryptocurrencies. Their MetaTrader 4 and 5 platforms give traders access to price fluctuations of major currency pairs; additional account types such as standard accounts and ECN accounts make managing multiple accounts from one interface easier; additionally, they contract Client Money Insurance (CMI), providing added protection from potential fraud or scams – an invaluable feature for professional traders and fund managers.
Trading platform
The best forex brokers provide an intuitive trading platform, introductory guides, educational materials, and advanced trading instruments with advanced tools. Furthermore, these brokers must offer multilingual customer support and accessible customer service.
Traders can select from an array of account types, from standard accounts with fixed spreads and commissions, premium ECN accounts with lower reaches, or raw ECN accounts without spreads or commissions. Furthermore, traders can utilize various trading tools and indicators to understand market trends.
FXWINNING also provides leverage of 1:100 across all accounts, enabling traders to trade using less capital than in their accounts. While this feature may appear attractive, remember that high leverage levels can increase risk and should only be used cautiously. Furthermore, FXWINNING does not segregate client funds nor participate in Investor Compensation Fund programs.
Customer service
Fx Winning offers 24/5 customer support through email, live chat, and telephone. Their user-friendly website also includes an extensive FAQ section. In terms of trading instruments, they provide a range of Forex, Indices, Metals, and Cryptocurrencies with segregated client funds being kept separate from company funds in trusted bank accounts – as well as offering MetaTrader 4 and 5 platforms compatible with PC, iOS, and Android devices respectively – Fx Winning is a regulated broker. However, some allege the same people behind Frequency FX are behind Fx Winning.
Minimum deposit
Fx Winning may boast an attractive website, but that’s all it has going for it – as it’s unregulated and operates without an administrative structure. Furthermore, allegations have surfaced suggesting the same individuals behind Fx Winning defrauded traders of over $50 million with Frequency FX; accordingly, the Financial Commission issued a warning against Fx Winning and any individuals purporting to represent it on social media or messaging apps.
Minimum deposits start from $100, and customer support is available 24/5, enabling traders to trade on MetaTrader 4 and 5 platforms on PCs, Android phones, and iOS devices with maximum leverage at 1:100 with spreads starting at 0 pips. Client funds are segregated and kept in trust accounts – however, this broker is neither licensed in Cyprus nor Hong Kong and should, therefore, only be used by traders located within the EU; moreover, there may be contradictory information in their terms and conditions, including saying if an account becomes inactive for 90 days that remaining balance will go towards charity projects!
