General Information
Established In Early 2020, FXWINNING Is An Unregulated Online Forex Broker Offering Financial Products And Services To Retail And Institutional Clients. FXWINNING Has Offices In Hong Kong And Saint Vincent And The Grenadines. It Offers Trading In A Wide Range Of Financial Instruments With Four Account Types To Choose From On The Mt4 And Mt5 Trading Platforms.
Advantages And Disadvantages
Advantages
• Wide Range Of Markets And Trading Tools
• Multiple Account Types To Meet Different Needs
• Offers Copy Trading Capabilities
• Offers MT4 And MT5 Trading Platforms
Disadvantages
• No Information On Minimum Deposit Requirements
• Large Spreads
• Limited Funding Options
• No Educational Resources For Novice Traders
In General, Traders May Want To Carefully Consider These Factors Before Choosing FXWINNING As Their Broker.
Market Tools
FXWINNING Offers Traders A Variety Of Market Tools To Invest In. These Include Forex, Commodities, Indices, Stocks And Cryptocurrencies.
This Foreign Exchange Market Is One Of The Largest And Most Liquid Financial Marekts In The World, Providing Traders With Ample Opportunities To Take Advantage Of Price Fluctuations In Major Currency Pairs Such As EUR/USD, USD/JPY, And GBP/USD.
This Commodity Market Includes Popular Assets Such As Gold, Silver, And Oil, Which Are Known For Their High Liquidity And Volatility.
Indices Such As The Standard & Poor's 500 Index And The Nasdaq Index Offer A Diverse Portfolio Of Stocks, Allowing Traders To Invest In A Wide Range Of Companies In Different Industries.
FXWINNING Also Offers A Selection Of Stocks From Leading Exchanges Around The Globe, Giving Traders Access To Some Of The World's Most Well-known Companies.
Cryptocurrencies Such As Bitcoin And Ethereum Are Also Available For Trading.
Account Types
FXWINNING Offers Its Clients Four Types Of Trading Accounts. This Standard Account Is Designed For New Traders. The E-newsletter Network Account Is For More Experienced Traders. This Premium ECN Account Is For Advanced Traders. The Original ECN Account Is For High Volume Traders Who Need Direct Access To The Market. It Offers Raw Spreads And Charges A Commission For Each Trade.
FXWINNING Also Offers MAM/PAMM Accounts For Professional Traders Who Manage Multiple Trading Accounts, Allowing Them To Execute Trades On Behalf Of Their Clients.
Unfortunately, FXWINNING Does Not Disclose Minimum Deposit Requirements For Their Trading Accounts.
Leverage
FXWINNING Offers Leverage Of 1:100 For All Account Types. This Means That Traders Can Control Larger Positions With Less Capital, Potentially Increasing Their Potential Profits. However, It Is Important To Note That Higher Leverage Also Means Higher Risk, As Losses Can Exceed The Initial Investment. Traders Should Use Leverage Cautiously And Develop Appropriate Risk Management Strategies. It Is Also Important To Note That Leverage May Change Depending On The Trader's Country Of Residence And Regulatory Requirements.
Spreads And Commissions
FXWINNING Offers Multiple Account Types With Different Spreads And Commissions. Standard Accounts Start Spreading At 3.2 Pips With $3 Commission. ECN Accounts Start Spreading At 1.6 Pips With $5 Commission. Premium ECN Accounts Start Spreading At 0.8 Pips With $8 Commission. Original ECN Accounts Start Spreading At 0 Pips With $10 Commission. It Is Important To Note That Commissions Are Charged On A Per-lot Basis. These Spreads And Commissions May Vary Depending On Market Conditions And The Particular Instrument Being Traded.
Copy Trading
FXWINNING Offers Copy Trading, A Feature That Allows Traders To Copy Trades Made By Other Experienced Traders. With This Feature, Traders Can Choose To Follow And Copy Trades Made By A Particular Trader Or Group Of Traders, Which Can Help Them Learn From Experienced Traders And Potentially Make Profitable Trades.
The FXWINNING Copy Trading Feature Provides Traders With A Convenient And Easy-to-use Platform To Find And Follow Experienced Traders, As Well As Manage Their Copy Trading Portfolios. In Addition, The Copy Trading Feature Provides Detailed Statistics And Analysis Of Each Trader's Performance, Allowing Traders To Make Informed Decisions About Which Traders To Follow And Copy.
Trading Platform
FXWINNING Supports The Popular MetaTrader 4 (MT4) And MetaTrader 5 (MT5) Trading Platforms For Windows And Android. Both Platforms Provide Traders With Advanced Charting Tools, Technical Indicators, And A Variety Of Order Types To Execute Trades. The MT4 Platform Offers Automated Trading Through Expert Advisors (EAs), While The MT5 Platform Offers More Features Such As More Advanced Pending Order Types And A Built-in Economic Calendar. Mobile Versions Of Both Platforms Allow Traders To Access Their Accounts And Trade On The Go.
Deposits And Withdrawals
FXWINNING Offers Bank Telegraphic Transfers And Cryptocurrencies As A Funding Option For Its Clients. However, There Is No Information On Minimum Deposit Requirements For Any Of These Methods. In Addition, There Is No Information On Deposit And Withdrawal Fees.
Client Server
FXWINNING Assists Customers In Resolving Their Questions And Concerns By Providing Customer Support Phone (+ 357 97723265), Email ([email protected]) And Online Messaging.
However, There Is No 24/7 Customer Support And No Social Media Customer Support Available
