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Winner S Trade

United Kingdom|2-5 years|
Regulated in United States|Suspicious Regulatory License|MT4/5 White Label|Chinese market only|United States Common Financial Service License Unauthorized|Suspicious Overrun|High potential risk|

http://wstradefx.com/

Website

Rating Index

MT4/5 Identification

MT4/5 Identification

White Label

2
Server Name
WinnerSTrade-Live MT4
Server Location Hong Kong

Contact

info@wstradefx.com
http://wstradefx.com/

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

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Broker Information

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Company Name

Winner S Trade Limited

Company Abbreviation

Winner S Trade

Platform registered country and region

United Kingdom

Company website

Pyramid scheme complaint

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Warning: Low score, please stay away! 3
Previous Detection : 2024-02-23
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • United StatesNFA (license number: 0551107) The regulatory status is abnormal, the official regulatory status is Unauthorized. Please be aware of the risk!

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Winner S Trade · Company Summary

Risk Warning

Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.

General Information

Winner S Trade Review Summary in 10 Points
Founded 2022
Registered Country/Region United Kingdom
Regulation NFA (Unauthorized)
Market Instruments Forex, CFDs, Precious Metals, and Index/Stock
Demo Account Available
Leverage 1:1-1000:1
EUR/USD Spread 0.8 points
Trading Platforms XOH
Minimum deposit $50
Customer Support 24/5 email

What is Winner S Trade?

Winner S Trade is a financial brokerage firm registered in the United Kingdom that provides investment services in various financial instruments such as forex, CFDs, precious metals, and stock indices through the XOH platform. However, Winner S Trade is not authorized or regulated by any regulatory authority. The company's website also lacks transparency regarding its trading conditions. Please be aware of the risk.

Winner S Trade's home page

In the following article, we will analyze the characteristics of this broker from various aspects, providing you with simple and organized information. If you are interested, please read on. At the end of the article, we will also briefly make a conclusion so that you can understand the broker's characteristics at a glance.

Pros & Cons

Winner S Trade's main advantages are its wide range of trading instruments, flexible leverage options, and 24/5 customer support. However, the broker's lack of regulation, non-transparent trading conditions, unreliable trading platform, and limited payment methods are significant disadvantages. In addition, the customer service only offers support through email, which may be insufficient for traders who require more immediate assistance.

Pros Cons
• Offers a wide range of investment strategies for various assets • No regulation
• Provides flexible leverage ranging from 1:1 to 1000:1 • Not enough information on the Website
• 24/5 customer support • Nontransparent trading conditions
• No MT4 or MT5 trading platform
• Limited payment options
• No 7/24 customer support

Winner S Trade Alternative Brokers

    There are many alternative brokers to Winner S Trade depending on the specific needs and preferences of the trader. Some popular options include:

    • ForexMart - A regulated broker offering a range of trading instruments, but with limited customer support options.

    • Grand Capital - A broker offering a diverse range of instruments, but with high spreads and limited educational resources.

    • Hirose Financial - A broker offering low minimum deposits and a range of instruments, but with limited regulatory oversight and a proprietary trading platform.

Ultimately, the best broker for an individual trader will depend on their specific trading style, preferences, and needs.

Is Winner S Trade Safe or Scam?

Based on the information available, Winner S Trade raises several red flags that should cause concern for potential investors. The fact that they are unregulated and have an unauthorized license from the National Futures Association (NFA) is a major concern. Additionally, the lack of information available on their website and the absence of a reliable trading platform are additional warning signs. All of these suggest that trading with Winner S Trade is unsafe. It is recommended to exercise caution and perform thorough research before investing with Winner S Trade or any other unregulated broker.

Market Instruments

Winner S Trade offers a range of market instruments for trading, covering various asset classes such as Forex, CFDs, Precious Metals, and Index/Stock. The broker claims to provide more than 60 currency pairs varieties, including the major currencies such as USD, JPY, EUR, GBP, CHF, and CAD, as well as emerging economy currencies. In addition to currency pairs, Winner S Trade also offers trading in CFDs on stock indices and individual stocks. Precious metal trading includes popular metals such as gold, silver, and platinum.

With a variety of market instruments available for trading, investors have the opportunity to diversify their portfolio and potentially capitalize on market opportunities in different asset classes. However, due to the fact that Winner S Trade is unregulated, it is not advised to invest here.

Accounts

Unfortunately, there is no specific information about the types of demo and live accounts provided by Winner S Trade on their website. It is unclear if they offer different account types with varying features or if all accounts have the same conditions. Furthermore, there is no information regarding account specifications such as leverage, spreads, and commissions.

It is essential to have clear and transparent account information to ensure that clients can make informed decisions before opening an account with a broker. The lack of specific information regarding accounts is a potential red flag that investors should consider before trading with Winner S Trade.

Leverage

Winner S Trade claims to offer a flexible leverage ranging from 1:1 to 1000:1, allowing traders to amplify their trading position size relative to their account balance. The broker also offers leverage up to 50:1 for silver and other major commodities, up to 200:1 for gold product trading, and up to 400:1 for trading red rod magnification charges.

Since leverage can amplify both gains and losses, it can result in devastating losses for investors who lack experience. If you're just starting out in the trading world, it's best to stick with the lower size.

Leverage

Spreads & Commissions

Winner S Trade's website does not provide clear and specific information on their spreads and commissions, which is a major concern for potential traders. While the broker claims to offer spreads as low as 0.8 points on more than 60 currency pairs, there is no further information available on the spread types or average spreads on the website.

Additionally, there is no mention of any commissions charged by the broker. This lack of transparency is a cause for concern, and traders should exercise caution when considering trading with Winner S Trade.

Below is a comparison table about spreads and commissions charged by different brokers:

Broker EUR/USD Spread Commissions
Winner S Trade 0.8 points N/A
ForexMart 1.2 pips No
Grand Capital 1.0 pips No
Hirose Financial 0.8 pips No

Note: Spreads can vary depending on market conditions and volatility.

Trading Platforms

Winner S Trade offers XOH as its trading platform for Desktop, iOS, and Android users. The broker claims that it is a recognized trading platform for global financial service providers and provides full-coverage technical analysis of the 24-hour foreign exchange market. However, it is not as reliable as the industry-leading MT4 and MT5 trading platforms. Despite its claimed convenience, stability, and flexibility, the lack of reliability may raise concerns among traders. Additionally, there is no mention of any other trading platforms that may be available to users.

XOH details

See the trading platform comparison table below:

Broker Trading Platforms
Winner S Trade XOH
ForexMart MetaTrader 4, WebTrader
Grand Capital MetaTrader 4, MetaTrader 5, WebTrader
Hirose Financial MetaTrader 4, Lion Trader

Deposits & Withdrawals

Winner S Trade claims about offering multiple payment methods including credit cards (VISA/Mastercard), SWIFT wire transfers as well as several e-wallet payment systems such as BPAY, Skrill, POLi and Neteller, but they are not accurate.

Deposit method

The broker only accepts payments via one Dutch e-wallet system, ThunderXPay, and crypto USDT. The minimum deposit requirement is $50.

Deposits & Withdrawals

Winner S Trade minimum deposit vs other brokers

Winner S Trade Most other
Minimum Deposit $50 $100

The time it takes for funds to enter the account also varies depending on the payment method used, with online transfers taking up to 5 days and international wire transfers taking longer. Overall, the limited payment options and lack of transparency in the deposit and withdrawal process are concerning for potential investors.

Customer Service

Winner S Trade claims to offer 24/5 customer support to its clients, but only through email: info@wstradefx.com. This can be quite limiting as clients may need quick assistance with urgent matters or have questions that require immediate answers. Also, there is no phone or live chat support, which is a common feature among many reputable brokers. The lack of multiple communication channels for customer support can be a red flag and may suggest that the broker is not adequately invested in its clients' satisfaction.

Customer Service
Pros Cons
• 24/5 customer support • No 24/7 customer support
• No live chat or phone support
• No social networks support

Note: These pros and cons are subjective and may vary depending on the individual's experience with Winner S Trade's customer service.

Conclusion

Based on the information available, Winner S Trade appears to be an unregulated and potentially unreliable forex broker. While they claim to offer a wide range of trading instruments and flexible leverage, their lack of transparency regarding account information, spreads, and commissions, as well as their limited and unreliable trading platform, raise concerns about their legitimacy. Additionally, their limited deposit and withdrawal options, and lack of comprehensive customer service further add to the potential risks of trading with Winner S Trade. Overall, traders should exercise caution when considering Winner S Trade as their forex broker.

Frequently Asked Questions (FAQs)

Q 1: Is Winner S Trade regulated?
A 1: No. Their National Futures Association (NFA) license in the United States is unauthorized.
Q 2: Does Winner S Trade offer demo accounts?
A 2: Yes.
Q 3: Does Winner S Trade offer the industry-standard MT4 & MT5?
A 3: No. Instead, it offers XOH.
Q 4: Is Winner S Trade a good broker for beginners?
A 4: No. It is not a good choice for beginners. Not only because of its unregulated condition, but also because of its lack of transparency.

User Reviews

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Smarterage
more than one year
I've had a terrible experience with Winner S Trade, and I feel compelled to share my thoughts. If anyone is curious, I can share my chat records with customer service and the number of lies I was told within a single day. Stay away from them – that's my sincere advice as someone who's been through it.
2024-01-31 20:42
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杨帆81902
more than one year
All nice and sweet when they want something but they vanish as soon as it’s their turn to deliver. Really should’ve seen the red flags earlier. Even though I managed to get it all back, However, I cannot reach anyone from this company. Do you find it familiar? Yes, they are scammers.
2023-03-20 18:20
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毛宁4485
more than one year
Fully positive development of my investment thanks to your work and recommendations. You can see the experience and the great capacity and professionalism acquired by this Broker in his professional development. Recommendable.
2022-12-16 14:16
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