WinnGroup Broker (https://winngroupltd.com) is an unlicensed offshore CFD Broker reported by as customers as SCAM Broker that opened in June 2020.
For withdrawal problems and complaints, read this.
WARNING!!! WinnGroup is NOT Regulated by ASIC!
WinnGroup Broker Review
WinnGroup offers their clients and day trader a web-based trading platform made by Proftit. Their trading platform has CFD’s (Contracts for Difference) available on the full range of assets you find a most brokers. You will see Forex pairs, Crypto Currency, Commodities, Stocks and Market Indexes.
Minimum deposit amount for a new trading account is usually $250. Officially they offer five types of trading account, but it seems that page is not yet updated with actual information. A quick look at the spreads WinnGroup offers finds; 22 pips on the EURUSD pair, and only $2 on BTCUSD. That seems odd when you compare the spreads of a broker like Pepperstone, their Bitcoin spread is $10, and their Euro spread is 0.2 pips.
Automated trading apps like Bitcoin Code are popular on Telegram and Facebook, but are actually scams. Many people just like you signed up for Bitcoin Storm and ended up at this broker. Before using an automated trading app, read about the risks.
Is WinnGroup a Legit Broker?
No, WinnGroup is an unregulated offshore CFD broker.
Scam Broker Investigator has reviewed hundreds of these new Crypto Currency CFD brokers, to see if they are a legitimate, simply by checking for a valid license. A legitimate CFD broker must be licensed by the Financial Conduct Authority in the United Kingdom, or by ASIC in Australia.
WinnGroup does not disclose who they are owned by, or where they are located. Although Saint Vincent and Grenadines is mentions on one of their legal documents. Also mentioned is INTRGROUPS, which is a fake forex broker. Their payment provider is PraxisPay. Listed phone numbers are; Australia: +61240033345, and United Kingdom: +442038853385. Customer support email address is: [email protected], and the official website is: https://winngroupltd.com.
