A common online trading fraud is Winvestock broker. The company is unlicensed, operates out of an unidentified location, and the proprietor is not disclosed. We’ve conducted extensive study because the website lacks information and appears to have been hurriedly created with the intention of extorting money. Find out all the pertinent information by reading our Winvestock review.
In addition, we highly suggest that you stay away from the shady brokers RoboFXTrade, Terra-Markets, and Proforbex.
Broker status: Unregulated Broker
Regulated by: Unlicensed Scam Brokerage
Scammers Websites: winvestock.com
Blacklisted as a Scam by: N/A
Owned by: N/A
Headquarters Country: Belgium (allegedly)
Foundation year: 2022
Supported Platforms: WebTrader
Minimum Deposit: $250
Cryptocurrencies: Available – BTC, ETH, XRP
Types of Assets: Forex, stocks, commodities, indices, cryptocurrencies
Maximum Leverage: N/A
Free Demo Account: No
Accepts US clients: No
Is Trading On The Winvestock Platform Safe?
Winvestock is a dubious trading company. The Terms and Conditions state that the following “describes the terms and conditions upon which to Example-4 offers to you the customer access to its web site,” however corporate information is lacking.
Even putting aside linguistic errors, Example-4, the owner of the business, is still faced with a significant dilemma. The headquarters of this purported owner are in Brussels, which suggests that the owner should be subject to Belgian FSMA regulation. Naturally, that is not the case.
Reasons to avoid Using an Unregulated Broker
Trading companies without licenses adhere to their own rules. Brokers like Winvestock primarily worry about their own money and profits, as opposed to ensuring fund safety by keeping your cash in segregated accounts with trustworthy banks and providing compensatory funds. You can never be secure with such.
Is Winvestock a Reputable Broker or a Scam?
Winvestock is an illegitimate provider of financial services. Despite claiming to be established in Belgium, the company does not have FSMA accreditation. The entire website is also anonymous.
Traders’ Opinions Of Winvestock
Reviews indicate that Winvestock is not the broker of the year. Serious withdrawal problems and unethical attitudes are being reported by customers. Some claim that broker account managers will even access their clients’ devices via AnyDesk and TeamViewer in order to steal their money. Once it happens, everyone vanishes, causing investors to seek help for a refund.
Winvestock advertises that it offers MT4, the most popular trading program available today, however the truth is a little bit different. We received a basic WebTrader after creating an account. There are no sophisticated features on this internet-based platform, such as social trading or EAs. Clients can only examine their trading history, open and close deals, and make additional deposits.
Bonuses and Promotional Codes: Scam tactics
The business provides exclusive bonuses and privileges. Yet, these are not free. If you accept these gifts, you must pay back 0.1 lots for every dollar, euro, or pound of bonus that was traded. For the record, one standard lot is equal to 100,000 units, hence 10,000 units are received for every 0.1 lot.
We think it’s obvious how incentives and bonuses are exploited fraudulently.
Winvestock Selection of Markets for Trading
Customers of Winvestock can transact in the following markets:
Indices: AUS200, US30, and DAX30 Forex: EUR/USD, AUD/CHF, and USD/ILS
Stocks include Asus, Nvidia, and Microsoft. Commodities include gold, silver, and oil.
Cryptocurrencies
Avoid at all costs the trading scams Focus Markets, GF Markets, and CFD Capital! Additionally, always research the history of online trading organizations before investing!
What Terms Does Winvestock Offer for Trading?
Trading words are not stated, despite the fact that account kinds are thoroughly described. The leverage, spread, swap amount, or any other pertinent information, was not provided by the broker. Before depositing money and receiving access to the broker’s platform, you won’t be able to find out your trading charges, commissions, or dangers. We urge you to give up because we were unwilling to do it.
Methods of Funding and Withdrawal for Winvestock
The minimum withdrawal amount is $100, whereas the minimum deposit is $250. The broker takes pride in paying all deposit fees to the banks. Withdrawals, however, come with hefty 3.5% fees, with a $3,500 maximum service charge.
Techniques for Payment
Using the following payment methods is permitted by Winvestock:
Credit/debit cards
Wire transfer
Both of these options can be undone in the event of a problem, which is advantageous. You must, however, go through the examination procedure and provide your bank with enough documentation.
Have You Been Scammed by Winvestock? Tell Us Your Story
Please let us know if you fell for the Winvestock trading scam. You could get help from our chargeback experts with the fund recovery. Before it’s too late, schedule a free consultation so we can get your money back.
But What Is A Chargeback?
A chargeback is a procedure by which your bank can undo the transaction. We can start a dispute if you were defrauded. We kindly ask that you get in touch with us right away because the process has a deadline.
It looks like I feel victim to winvestock. They took $1000 and then lost it plus another $900 in two days. Now I am getting contacting saying that they lost their license and need to confirm my account to get a refund. I am not sure if this is still part of the scam.