Website: fxwinning.net, fxwinning.pro
Address: Suite 305, Griffith Corporate Centre, Kingstown, St. Vincent and the Grenadines & Unit 1411, 14 floor, Cosco Tower, 183 Queen Road Central, Hong Kong & 28 October Ave 333, Ariadne House, office 32, 3106 Limassol, Cyprus
Regulation: Unregulated, Blacklisted, Offshore
Warning about FxWinning: Comisión Nacional del Mercado de Valores (Spain) and The Financial Commission
FxWinning Review: A fraudulent investment platform you should avoid
Although they present themselves as an investment opportunity, this entity has several red flags indicating that it is not legitimate. We thoroughly researched their website but found nothing of value. Additionally, Fx Winning is not regulated by the government, and investing with them would result in a loss of funds.
Don’t be fooled by this too-good-to-be-true scheme. It’s essential to prioritize the safety of your funds, and other trustworthy platforms can provide genuine returns. You should know more about FxWinning scams. Continue reading this FxWinning review.
Fx Winning Broker: Unregulated and Potentially Unsafe
To determine whether Fx Winning is a safe and regulated broker, we conducted some research. According to the broker’s website, it operates out of Hong Kong, Cyprus, and St. Vincent and the Grenadines. Our investigation found that their assertion of registering in Cyprus and obtaining a license from the Cyprus Securities and Exchange Commission (CySec) could not be substantiated through our search of CySec’s register. It’s important to note that CySec is the official regulatory body for forex brokers in this jurisdiction.
Our team searched the Hong Kong Securities and Futures Commission (SFC) register, the official regulatory body for forex brokers in Hong Kong, but we were unable to find any record of Fx Winning.
Lastly, we discovered that St. Vincent and the Grenadines (SVG) is an offshore zone for forex trade, and therefore, there is no official regulator of forex brokers in this area.
Our research has found that Fx Winning is not registered or regulated in any known jurisdictions, and their claim of being a safe and regulated broker is, in fact, false. Using Fx Winning as a trading platform carries a substantial financial risk, and it may result in significant losses. Therefore, we strongly advise against using this platform.
Is it possible to earn money with FxWinning?
It’s highly unlikely that you will earn any profits with an unregulated and unscrupulous broker like FxWinning. It’s recommended to choose a licensed and trustworthy forex provider instead. Also, make sure to steer clear of any platforms listed in our scam brokers 2023 list.
Warning Against FX Winning: Financial Commission’s Latest Update
The Financial Commission has conducted a thorough analysis of customer information submitted to this broker. The results indicate that the company and its website may be used to deceive traders and investors. The Commission strongly advises against engaging with this entity or any individuals who claim to represent them on social media and private messaging apps. As a precaution, FX Winning has been added to the Financial Commission’s Warning List. To stay informed of any further developments, please subscribe to our Telegram channel where you can participate in the latest discussions and receive updates.
Not only this, but a Spanish regulator Comisión Nacional del Mercado de Valores (CNMV), also issued a warning against this broker.
Concerns with Fx Winning’s Deposit Methods and Policies
- Fx Winning only accepts cryptocurrency payments, which raises concerns about their legitimacy and trustworthiness as scammers often use payment methods that prevent chargebacks.
- Cryptocurrency payments are anonymous, making it difficult to identify the recipient of your funds.
- It is unclear what the minimum deposit amount is, and Fx Winning lacks a standard initial deposit quote, indicating the possibility of hidden fees.
- If an account remains inactive for 90 days, Fx Winning will close it down, which raises further doubts about the entity’s reliability.
- Due to these issues, it is recommended to avoid Fx Winning and seek alternative options.
Beware of Fx Winning Scam: Protect Your Funds with All Scam Reports Team
It’s easy to spot loopholes in the FxWinning scam. Their database lacks vital information, and the true ownership of the broker remains shrouded in mystery. To avoid this anonymous platform, it’s best to steer clear of it altogether.
Identifying fraudulent brokers can be difficult, but the All Scam Reports Team is here to help. We offer assistance with fund recovery and a free consultation to anyone who fills out our simple complaint form. Don’t hesitate to reach out to us for support.
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Check the brokers blacklisted by SFC.