Win4Trade bills itself as a licensed broker with an international name. It promises clients access to a wide range of instruments and a functional trading platform. It is important whether this company can be trusted or whether it’s just a scam. And we will try to answer this question in our review below.
- Win4Trade General Information
- Registration and Client Portal Review
- Win4Trade Trading Conditions
- Account Types
- Trading Platform
- Win4Trade — Deposit and Withdrawal of Funds
- Verification
- Additional Options
- Is Win4Trade a Scam?
- Legal Information and License
- Trade4w.co Domain Info
- Contacts Review
- More Details
- Pros and Cons
- Frequently Asked Questions (FAQ)
Win4Trade General Information
| Website | https://trade4w.co/ |
| Phone Number | +4402076692435 |
| info@trade4w.co | |
| Address | 167 Forest Road London E17 6HEE 1 7 6 H E UK |
| License | — |
| Minimum Deposit | $20 |
| Assets | CFD, Forex |
| Leverage | — |
| Trading Platform (Investment Term) | WIN4TRADER |
Registration and Client Portal Review
The website of WIN4TRADE is quite qualitative, with a large set of information on the trading platform, financial instruments, and terms of cooperation. In addition, here you can find data on the registration of the company, as well as its license number. As for the color design of the site Win4Trade, it is made in very dark tones, which makes it difficult to read the text posted on it. Moreover, it is difficult to perceive the information itself because of the lack of orderliness. We would like to note a positive point in the design of the site. It is presented in several languages.
It is not difficult to register a client account on the Win4Trade platform. To complete this procedure, you will need to enter your address, country, email, and password into the registration form. Upon completion of the registration procedure of a personal area, clients can familiarize themselves with the information on the trading account, as well as test the terminal.
The broker doesn’t verify your email and phone number at all. It allows registration without 2FA. Thus, it exposes users to higher security risks. Unauthorized access to accounts becomes easier without these additional security measures in place.
Verifying email and phone numbers is a basic step in the identity verification process. By skipping this verification, the broker fails to ensure that the registered users are who they claim to be, making it easier for fraudsters to create fake accounts and engage in illegal activities.
We would like to note the absolute uninformative nature of the personal account. There are no tabs with the history of operations on the statistics of transactions, and impossible to use personal settings.
Win4Trade Trading Conditions
The offers that sound from the broker’s representatives look quite tempting. Let’s try to elaborate on the trading conditions offered by Win4Trade.
Account Types
Unfortunately, the owners of the platform Win4Trade did not indicate the types of trading accounts and conditions for them. We only know about the absence of additional commissions. Also, the company promises tight spreads and deposits starting at 20$.
However, we have studied the submitted documents on the official website, where assets such as CFDs and binary options are mentioned. As for the first asset, it is important to note the high risk of using this instrument. And as a rule, dishonest brokers do not bring transactions with CFDs to the real financial market.
As for the second asset, binary options are banned in many countries. In Great Britain, for example, it happened in 2018. In general, it is not acceptable for a company that conducts legal activities to hide the terms of cooperation from potential investors.
Another disadvantage we identified with Win4Trade is the lack of a demo account. The clients will not be able to try their hand and evaluate the work of the trading platform before they start investing.
Trading Platform
As for the trading platform Win4Trade, in the client portal, there are links to the web terminal and the downloadable application. However, the issue is that you won’t be able to access them until you create a trading account. And creating an account is only possible after funding the account. Requiring users to fund their accounts before accessing essential trading tools can be seen as a lack of transparency. Such practices may undermine trust between the platform and its users. Traders may question the platform’s motives and whether it prioritizes their interests or merely seeks to generate revenue through account funding.
Win4Trade — Deposit and Withdrawal of Funds
As for deposit or withdrawal methods on the Win4Trade platform, you can use various payment systems such as PayPal, Pay Sera, JCC gateway. Also traders can use bank cards: Visa, Master Card, and cryptocurrency wallets. However, there is no information provided regarding the size of commissions. Additionally, the broker does not disclose the processing time for withdrawal requests.
Without knowing the exact size of commissions, clients cannot accurately assess the costs associated with their trades.
Verification
Passing the procedure of identity verification before trading with Win4Trade is a prerequisite. For this purpose, it will be necessary to send a copy of the document confirming the address of registration. In addition, you have to send a selfie, showing you and your ID.
Once your documents are verified, you will gain access to the full capabilities of the trading platform. However, we cannot guarantee this. Additionally, Win4Trade does not provide information on the document verification time frame.
Additional Options
We would like to mention the training courses offered by Win4Trade representatives. Their quality is questionable, because nothing is known about the analysts and managers. It is also impossible to get acquainted with educational materials beforehand. There are not even several webinars in open access, with the help of which we could familiarize ourselves with the training process and assess the professionalism of the team.
Is Win4Trade a Scam?
It is still very difficult to answer the question whether the broker Win4Trade conducts legal activities or if it is a scam project. We will try to get to the bottom of this issue and provide comprehensive information on the matter.
Legal Information and License
Every broker in the UK must obtain a license from the FCA. Regarding this, we found a mention of it in the register. However, it does not have permission for full brokerage services. The card indicates that it is merely a representative of another company. Representatives themselves do not engage in activities in financial markets. They are only allowed to conduct activities for which the parent company is licensed. And the parent company is not even close to being a broker, just a payment processor. But that’s not even the main point. In the Companies House register, we also found such a company.
However, firstly, it has already been dissolved and has not existed since 2016. Secondly, take a look at the type of activity it had. Not even a broker. In fact, it has nothing to do with financial markets. It’s just a subsidiary of an antiques sales company. This scam project simply uses its name.
Trade4w.co Domain Info
We decided to also check the registration date of the domain the broker uses. In order to make sure that it really has been on the market since 2014. However, the result did not surprise us a lot. As it turned out, the domain was registered only in September 2023. And this fact directly indicates that Win4Trade is a regular scam project.
Contacts Review
Among the contacts listed by the broker’s representatives are an office address and a working email, and phone number. In this case, the phone number is different from the one indicated in the company’s license statement. However, the address is completely the same. By the way, if clients decide to go directly to the office Win4Trade at the address provided, they will meet not the hero of our review, but the real license holder. The broker uses it for its own selfish purposes.
More Details
Win4Trade offers to install AneDesk, TeamViewer, and SupRemo on your computers. This is concerning as these are remote access tools that should not be installed from an untrustworthy broker. Remote access tools can pose significant security risks. They can grant unauthorized access to sensitive information stored on the user’s computer, including personal data, financial records, and login credentials.
Once installed, remote access tools give Win4Trade the ability to control the user’s computer remotely, without their knowledge or consent. This lack of control over their own computer systems can leave users vulnerable to exploitation and manipulation by the broker.
Pros and Cons
- A small deposit of 20$.
- Lack of data on trading accounts.
- No information on deposit and withdrawal of funds.
- Absence of license.
- Fake registration address.
- Short time on the financial market.
The initial analysis of the site gives the impression that in front of us is a really reliable broker, but this is not the case. In fact, Win4Trade is not licensed or registered in any country. In addition, the site has a lot of false information, starting from statistics and ending with a lot of experience in the financial market. This is a typical scammer who aims to get hold of your money.
Frequently Asked Questions (FAQ)
Win4Trade representatives claim that they offer highly profitable financial instruments and a modern multifunctional trading platform. In addition, a beginner can get an education.
To trade on the Win4Trade platform it is enough to have an amount of 20$ as a starting deposit.
No. The Win4Trade platform is absolutely not safe for investing. Its representatives have neither official registration nor a special license that would allow them to provide brokerage services.
I don't recommend these scammers
In fact, Win4Trade is using another broker’s name for its illegal purposes. Win4Trade has no license and no registration. And its owners are simply fraudsters. I have experience as a trader and I do not recommend investing your money in this project, because you will just lose it. And since the data about the owners are not known, you will not be able to take your money back. You will lose not only money, but also time.
Real scammer
I found out about Win4Trade from my friend who lost his money with this scammer. At first it seemed to be an ordinary broker, but in fact they are ordinary scammers. It has no license and the country of registration is unknown. My friend, of cou