With a torrent of misleading regulatory claims, Win ICoin is the latest trading investment scam. Regulators have begun releasing cautionary statements about using this trading broker. Those that opened accounts are now remorseful. In our honest and comprehensive Win ICoin review, you will find everything you need to know.
| Broker status: | Offshore Broker |
| Regulated by: | Unlicensed Scam Brokerage |
| Scammers Websites: | winicoin.com |
| Blacklisted as a Scam by: | FINMA, CONSOB |
| Owned by: | N/A |
| Headquarters Country: | Saint Vincent and the Grenadines |
| Foundation year: | N/A |
| Supported Platforms: | WebTrader |
| Minimum Deposit: | 0.01 BTC |
| Cryptocurrencies: | Available (BTC/ETH/LTC) |
| Types of Assets: | FX, Metals, Stocks, Commodities, Indices, Cryptocurrencies |
| Maximum Leverage: | 1:100 |
| Free Demo Account: | Yes |
| Accepts US clients: | Yes |
What About Win ICoin Regulation?
Although Win ICoin purports to be a genuine broker with excellent trading conditions, it is not. In the United Kingdom and Australia, as well as Germany, South Africa, and Cyprus, they are unregulated. Furthermore, financial regulators in Switzerland and Italy have identified Win ICoin as a scam and have blacklisted the website.
Why Is It Important For A Broker To Be Licensed?
A broker must obtain a trading license in order to trade currencies or commodities. A Tier 1 license signifies that the broker adheres to regulatory guidelines and is protected against client losses. However, you should avoid dealing with Win ICoin because they are not licensed.
In order to add to the above, we strongly advise you not to invest in CoinEvo, Crypt Node and Cryptwise fraudulent brokers.
Win ICoin Warnings From Financial Regulators
Win ICoin has been added to the Swiss Financial Market Supervisory Authority’s (FINMA) warning list.
The Italian regulatory body CONSOB has also issued a warning regarding this trading platform.
Traders’ Reviews About Win ICoin
Win ICoin reviews are overwhelmingly negative. Hundreds of clients have expressed their outrage on social media and trading forums after the platform denied their withdrawal requests. As a result, we strongly urge you to never invest with this scam broker.
Win ICoin Platform – Own Trade Software
Experts recommend using well-known trading platforms like MT4, MT5, and SIRIX, whereas Win ICoin uses its own platform. Custom-built trading systems, on the other hand, are frequently insecure. Furthermore, the primary objective of custom-made web traders is to project the image of a legitimate organization while doing nothing.
Support In Customer Service
The platform blocks all communication channels when funds are deposited. However, the site will first send you a few emails in an attempt to get you to deposit. The platform may even phone you in some circumstances.
All About Win ICoin Accounts
On its site, the broker offers three different account types:
- Start – $5,000 minimum deposit
- Progressive – $10,000 minimum deposit
- Premium – $20,000 minimum deposit
Each of these accounts has its own set of characteristics and is intended to appeal to a wide range of investors.
Win ICoin Broker – Countries Of Service
The trading company appears to primarily work in the following countries:
- Germany
- Montenegro
Win ICoin Range of Trading Instruments & Markets
The following markets are available to trade with the broker:
- Currencies
- Metals
- Stocks
- Commodities
- Indices
- Cryptocurrencies
It is essential to note that investing with unregulated brokers is risky because they are not regulated.
Also, take notice of the titles of the trading frauds Crypto EU, Cupiro, and Richmond Super and avoid them at all costs! Similarly, before investing, always research the background of online trading companies!
Win ICoin Minimum Deposit
The trading platform asks customers to make a minimum deposit of 0.01 BTC, which is roughly $250. Because there are regulated brokers who give a minimum deposit of $1, this sum of money is regarded as ridiculously large.
Details Of The Bonus Policy
There is no information indicated on their website regarding their bonus policy.
Win ICoin Unknown Trading Conditions
When you first visit their website, you will see that the platform is not what you would anticipate. There is a lot of information missing and unknown on a crucial part of trading. For instance, there is no spread quote for these trading assets.
Leverage and Spread
The firm advertises leverage as high as 1:500 on their website. However, when we checked their platform, it was locked at 1:20.
Win ICoin Deposit, Withdrawal Methods and Fees
The firm solely accepts Bitcoin as a form of payment. Unfortunately, any cryptocurrency deposits are almost certainly gone forever. Because these transfers are untraceable, there’s a good chance you won’t get your money back once it reaches the scammer’s hands.
A withdrawal section was also missing from the trader’s portal. This suggests that customers will never withdraw funds from this site.
High Inactivity Fee
If a client has made few or no transactions for a long time, the trading platform will charge an extremely large inactivity fee. Clients will be encouraged to trade more, resulting in increased profits for the trading company, which is a fake broker.
Payment Method Of Legitimate Brokers
Legitimate brokers offer a lot of payment method options such as debit and credit cards or wire transfers with no withdrawal conditions. You can withdraw your profit almost instantly with some legitimate brokers.
Scammed by Invest Win ICoin Broker? – Let Us Hear Your Story
Let us know if you were duped by Win ICoin broker or any bogus company. During a free consultation, our chargeback experts will assess your case and advise you on the best strategy to recover your payments.
But What Is A Chargeback?
In the event of a scam, a chargeback is a procedure for undoing transactions. Our experts may be able to help you recover your funds if you contact us right away to schedule a free consultation. We can assist you right now.