WinGroup Review – How We Exposed Another Scam Broker

Is WinGroup Regulated. What Does it Matter?

Many brokers will give all details about the company to their clients, including the owner, address and phone number. WinGroup broker seems to be different than most. We don’t have any information so we can easily label the company an anonymous broker.

It is logical to ask, then, what does this mean for your safety and the WinGroup regulation?

What is wrong with a license? Investment Fraud

We only found one detail in the Terms and Condition: that the governing law of the company is Saint Vincent and Grenadines law. This means that the company is located on an offshore Caribbean island, and that it operates in a way that is not subject to regulation.

SVG is also not licensed by Tier1 license providers.

WinGroup Trading Scam Active:

It appears that the WinGroup scam is primarily active in:

• Australia
• UK
• Serbia
• Sweden
• New Zealand
• Bulgaria

This firm does not have a preference and can be victimized wherever they are.

How does this scam broker contact victims?

If you have ever been a victim to unsolicited trading firms, you will know that constant phone calls are your worst nightmare. They will keep calling you, no matter what number you block, and they will find a way for you to reach them.

You may get calls from brokers that you have not registered with. This is because scammers often sell data to each other, increasing the potential target pool.

You may also be approached via dating apps or social media like Tinder, Bumble and Grindr. You may be approached by someone pretending to be your friend, or even a potential date. Then they might offer to invest your savings to build a better future.

They may even suggest that you invest 50-50 to feel more secure.

It is strongly advised that you meet the person before you invest any money. There are also schemers involved in romance frauds.

WinGroup Support Team – What does Support do?

You probably already know that when you first contact WinGroup and their support staff, they will provide a brief explanation about how the company can help your reach financial goals. Then, you will be compelled to invest.

If you explain to WinGroup that you don’t have a minimum deposit or if you want to explore the site more before making a decision, they will push you to make it happen right away.

Once you are onboard, you will be assigned a personal financial advisor who will make you false investment proposals and help you achieve your financial goals.

WinGroup Forex broker usually ask for more money often , once per week, and push for remote access to your devices.

You’ll also be asked to install AnyDesk and TeamViewer. RemotePC and VNCConnect. These are all to help you learn about the platform, charts, and other features. They want to steal your money and access your online banking.

You won’t be able to withdraw the money if you don’t want to wait. This will happen until your investment account is closed.

What trading platforms are available? Trading Software

The trading platform of WinGroup is quite disappointing. We can’t imagine it being any other. The basic WebTrader comes with four chart types and some indicators. The company does not offer EAs and social trading is difficult. This makes the whole overview look very sad.

Trading conditions are not regulated as brokers allow leverage up to 1:1400.

If you are looking to invest, we recommend that you choose a regulated company providing MT4 and MT5.

What is a chargeback?

Chargebacks are a way for your bank to reclaim funds from the merchant. We recommend that you contact us immediately to initiate the process. In a free consultation, we will discuss how to get your money back immediately!

WinGroup: Video

Below you will find a short video about WinGroup. Watch it so you don’t miss anything important. In a few minutes you’ll learn the whole truth about WinGroup!