The advanced and latest technology in the trading world has attracted lots of new investors into the trading. Every day, hundreds of people join the forex market in order to gain profits and create wealth. But, when you looking to trade, it is important to choose the best broker as per your requirements. A large number of brokers are actively operating in the forex market delivering a wide range of attractive services to investors. It becomes difficult for the investors to select the most appropriate broker because of some scam brokers existing in the market.
Scam Victims Help presents you with a detailed review of the brokers so gain proper knowledge about them. Have a look at the Winbitx review that will let you know about its working, advantages, and disadvantages.
Winbitx is an online trading platform, claiming to offer the best trader-friendly features. The website of Winbitx mentioned the trading tools offered by them are forex, CFDs, Cryptocurrency, etc. However, the regulation status of Winbitx is not stated on the website, through which it can be concluded that the broker is not legally registered and licensed. Trading with an unregulated broker is always riskier as it does not guarantee any protection against your funds.
As stated on the website of Winbitx, it offers a robust trading platform for all its investors, to make trading a fun and easy experience. This trading platform is designed by keeping modern trading in mind. It claims to offer the easiest platform that can be accessed from Android, Mac, etc. Its user-friendly features ensure you trade like a pro.
Winbitx offers the leverage of up to 1:200. to their investors. However, this is higher than other brokers that are operating in the market. Offering higher leverage with no regulation status is a major red flag to avoid this broker. These brokers, in order to attract more customers, offer these attractive services and later on do not provide any guarantee of the amount.
The minimum deposit set by Winbitx is $250, which is more than any average broker charging in the market. They also have micro account options with a deposit of $10.
As mentioned on the website of Winbitx, the trading platform offered by them are Meta Trader 4, Meta Trader 5, Web-based trading, and mobile trading. These are the popular trading platform that is widely used by investors for an effective trading experience. However, the authenticity of these trading platforms is not known.
Deposits and Withdrawal-
The deposit method of Winbitx includes credit card deposits and wire transfers. Winbitx offers limited transactions methods as compared to other brokers who are actively engaged in offering several deposits and withdrawal methods.
There are some educational tools and resources mentioned in the Winbitx, including seminars, webinars, one on one training, e-books, trading academy, etc. However, there is no clear information regarding the educational tools if they are offering the services which are mentioned on their site.
Winbitx can be considered as a shady broker which appears to be quite professional but is not. The broker offers very little information on their website through which it is difficult to judge the relevancy and authenticity of the broker. Most of the statements are not clear and do not stand up to the claimed statements.
Is Winbitx Scam or Legit?
Winbitx Broker appears to be a potential scam broker as this broker is not regulated and licensed. The investor’s funds are always at risk with the unlicensed brokers. Also, FMA Australia has warned the investors to avoid doing transactions with this broker in order to protect their funds. We have received various Winbitx scams and we do not suggest trading with them. Online trading and forex consist of risk and should be done with proper research of the broker, by gaining the most accurate and reliable information.
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