Winner S Trade Review: Unregulated Broker, Beware
Winner S Trade caught our eye, and not for good reasons. After careful research and analysis, we found this scammer is only portraying a legitimate broker, while in reality, it is far from it.
We bring you our Winner S Trade Review to hopefully resolve any dilemmas you have about this broker. Here is all you need to know.
| Broker name | Reliable Broker Must Have | |
| Legal name: | Winner S Trade Limited | Transparently displayed in the disclaimer or legal documents |
| Regulation: | Unregulated Broker | Within your legal jurisdiction – local regulator |
| Registered in: | N/A | Your country or the country whose license applies in your legal jurisdiction |
| Established: | N/A | The older the domain – the higher the possibility the company is trustworthy |
| Website: | https://wstradefx.com/ | Domain should be from local or international zones, no .xyz, etc. |
| Financial Authorities Warnings: | No | None |
| Contacts: | Email: [email protected] | Phone, email, social media, web form |
| Is withdrawal possible: | Highly unlikely | Yes |
| Fees: | Hidden fees | Transparent fees – list of spread and commissions |
| If Active on Social Media: | No | Often present on social media |
| Investor Protection: | No | Compensation fund |
Regulation Info
The prized possession of every broker is an official license. They cannot expect anyone to trust them without one, so many brokers choose to lie about it as the best option. Unfortunately, Winner S Trade is one of those brokers.
On its website, Winner S Trade claims to have an NFA license and even provides a picture of the certificate and ID number. However, when you go to the NFA register and check the ID number, the results state Winner S Trade is NOT an NFA member.
Without a license and with an obvious affinity to lying, we do not recommend you do business with Winner S Trade. Regulatory bodies in Thailand, Laos, South Korea, and others put strict rules in place to protect traders. Since WinnerSTrade is not regulated by any authority, it is highly dangerous, and you should not approach it.
Winner S Trade Profile
Apart from the lack of regulation, the most alarming thing about Winner S Trade is how little information they provide on their website.
We had an extremely hard time finding details like the Winner S Trade minimum deposit and leverage, and some we did not manage to find at all, such as the account types the broker offers.
After some digging, we found the minimum deposit is $50, and the maximum leverage is 1:500. This scammer also has a poor instrument offer. Winner S Trade does not even offer crypto or commodities trading. Assets available to you include only CFDs, Metals, and Indices.
The broker uses the X Open Hub (XOH) trading platform, and you can download it on your PC or mobile phone. However, we do not advise you to do that, as WinnerSTrade has shown us we should not trust it.
| Trading platforms: | X Open Hub |
| Account types: | N/A |
| Financial Instruments On Offer: | CFDs
Metals (gold, silver, aluminum, etc.) Indices (S&P 500, Nasdaq-100, etc.) |
| Maximum leverage: | 1:500 |
| Minimum Deposit: | $50 |
| Commissions/bonuses: | No |
| Mobile app: | Yes |
| Desktop app: | Yes |
| Autotrading: | No |
| Demo account: | Yes |
| Education or Extra tools: | No |
Is This Broker Safe?
The simple answer to this question is a resounding NO! Since Winner S Trade operates without any regulatory oversight, it cannot guarantee safety to anyone. You can deposit your money, they can steal it right away, and you would not have anyone to go to about it.
This is why we advocate only doing business with brokers regulated by top-tier authorities. Firstly, they will not think about stealing your money, but even if they do, you could contact their regulator and quickly resolve the situation.
And while we are on the subject of risky brokers, we recently investigated Margex, Secured FX Signals, and Status Markets, and they did not pass the test, so you should stay away from them as well.
Trader Reviews – Sharing Experiences
Trader reviews are an essential part of every unbiased review. They bring you the real-life perspective of a broker and help you gain insight into their operations.
Sadly, scouring the internet, we found no reviews on Winner S Trade. But this can be a good thing. If there are no reviews, not many traders trust the company enough to invest with it, to begin with. And if you do not invest, there is no experience you can share.
How Does the Winner S Trade Platform Reach Clients and Who Are They?
With little we know about wstradefx, we cannot tell you anything concrete about their clients or how they approach them. But we can tell you how scams usually work. So, how to avoid a Winner S Trade scam?
Shady brokers might contact you through email or phone if you give them those details. They will start telling you about these magnificent offers, instant gains, and high rewards, but none of that is realistic. These brokers just want you to make the first deposit so they can steal it.
If you want to be sure your money is safe, you should find a reliable broker, and that is where we come in. We offer you free advice on trustworthy brokers and how to trade with them, so be sure to contact us!
Deposits and Withdrawal Methods
As mentioned, digging up information about deposits and withdrawals at Winner S Trade was an arduous task. The broker did transparently say what payment methods it accepts, and those include:
- Credit cards (Visa and MasterCard)
- Skrill
- Neteller
- BPAY
- POLi
However, when we wanted to verify this, we found that WinnerSTrade only accepts payments from ThunderXPay and USDT.
We could not find anything on withdrawal methods or Winner S Trade Fees, but you can bet the broker charges exorbitant fees if it allows you to withdraw money in the first place.
Reasons To Avoid This Company
There are plenty of reasons to avoid wstradefx com. The biggest one is their regulation situation. They do not have an official trading license, and you should not even think about investing with those types of brokers.
Winner S Trade also lies and covers essential details about their business. You cannot and should not trust anyone that does this, as you are putting your money on the line.
Our Safe Trading Experts’ Opinion of Winner S Trade
With our Winner S Trade Review, we hopefully persuaded you that this broker is a scammer. You should not do business with brokers who are not upfront with you about crucial things.
But do not lose hope. There are plenty of viable options on the market, you just need to find the right one for you. And we can help you with that. Contact us today for a free consultation where we can discuss your future in trading.
FAQ Section
Is Winner S Trade A Scam?
Yes, Winner S Trade is a scam. They want to convince you of their legitimacy, but their license is fake.
How do I get into forex trading?
First and foremost, you should become knowledgeable about the market. Learn what you can trade, how trading works, and how to do it safely. After that, you should find a reliable broker to partner with, and this is where we come in. Contact us, and we will provide you with a free consultation where we work together to find you the perfect broker for your needs.
How can you help me find a good broker?
The most important service we do for you is personalizing our recommendations. When you come to us, we consider everything – your needs, skill, budget, etc. and then form a list of what we think are the best brokers for you. And the best thing of all is that our consultations are completely free.
