Company Profile
Company Profile
Review summary
| 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.
Pros & Cons
| 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 |
Is Winner S Trade Safe or Scam?
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.
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
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.
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.
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 |
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.
| 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.
The broker only accepts payments via one Dutch e-wallet system, ThunderXPay, and crypto USDT. The minimum deposit requirement is $50.
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.
| Pros | Cons |
| • 24/5 customer support | • No 24/7 customer support |
| • No live chat or phone support | |
| • No social networks support |
Conclusion
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. |
Gine Nattapong
Thailand
Migrate from mt4 to XOH Then secretly cut the loss of customers arbitrarily make losses. Claims to hit SL despite evidence that it is not set.
Exposure
Beatery
Russia
Winner S Trade is an excellent trading platform with a wide range of market instruments to choose from. And when it comes to customer support, they're top-notch! Their team is always friendly, knowledgeable, and ready to help with any questions or concerns.
Positive
FX1494013530
United Kingdom
As a newbie, the promise of no commission was appealing, and the low minimum deposit made it easy to start.
Neutral
Allen Wu.
Belarus
Because of health reasons i must stop trading , i withdrew my money and the withdrawl was rejected, not even a email about this , i logged into my account and was shocked to see this , now i had to email support to try and sort this out
Neutral
毛宁4485
South Africa
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.
Positive