WinnGroups is an unlicensed Crypto Currency & Forex CFD broker, that opened in June 2020. Their website is no longer working, so they probably did an exit scam!
For withdrawal problems and complaints, read this.
WinnGroups Broker Review
WinnGroups 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 WinnGroups 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.
WARNING!!! WinnGroup is NOT Regulated by ASIC!
Is WinnGroups a Legit Broker?
No, WinnGroups is an unregulated offshore CFD broker.
WinnGroups claims to be owned by Brevan Hward CFD Ltd, but fails to disclose where they are located. Although Saint Vincent and Grenadines is mentioned 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].
The official website was: winngroupltd.com, and then changed to; WinnGroups.com, and then; https://winngc.com/.
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.
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An educated investor like you, should always verify that your broker, is actually licensed by the governments regulatory agency. Since you have hundreds of brokers to choose from, smart people mostly use one of the popular brokers listed here.
What was your investing experience with WinnGroups like? Please leave your review in the comments below.