fxwinning.net has been flagged by AMF (France) for "Unauthorised". Category: Forex This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: fxwinning.net.
The spread at fxwinning.net is not what they advertise. During volatile markets it widens so much that you lose before the trade even starts. I found them through a financial advisor and initially thought the platform was good - until I started trading seriously.
Pros: Two-factor authentication|Multi-device support|Stable platform
Cons: Spreads widen during volatile periods
I have been trying to close my account with fxwinning.net for weeks now and they keep giving me the runaround. First it was a form to fill out, then identity verification again, then a mandatory phone call that never gets scheduled. They make leaving impossible.
Pros: Comprehensive tools|Fast support response|Automated trading options
Cons: Slow to add new assets|None so far
fxwinning.net offers copy trading. I copied a top trader. The copy trades often executed at worse prices than the original. When I asked why they said it was due to latency and liquidity. So the feature is broken or they are skimming. Either way I stopped using it.
Pros: Market news feed|Instant funding|Two-factor authentication
Cons: Currency conversion fee exists|Account statements could be more detailed
If you are reading this considering fxwinning.net - run. I wish I had read more negative reviews after hearing about them at a conference. I thought the positive ones were real. Maybe some are. My experience over for roughly four months has been so bad I feel obligated to warn others. Do not make my mistake.
Pros: Fast deposits|Wide product range|API access|Fast execution
Cons: Help articles are sometimes vague
Customer support at fxwinning.net seems to be run by people who have never used the platform. Every time I call with an issue, I end up explaining how their own system works before they can help me. It would be funny if my money was not involved.
Pros: High security standards|Detailed reporting
Cons: Limited ETF selection
I closed a profitable position at fxwinning.net and the profit was not credited for 5 days. Support said it was a settlement delay. When it finally arrived it was less than the amount shown on the platform. They could not explain the difference. I have moved my account.
Pros: Multi-currency support|Full transparency|Good analytical tools
Cons: Inactivity fee applies after 12 months
The reporting at fxwinning.net is laughably bad. Tax documents are inaccurate, transaction histories have gaps, and trying to export data for your accountant is a nightmare. For a financial platform, getting the numbers right should be the bare minimum.
Pros: Responsive team|Good mobile app|No hidden fees
Cons: Withdrawal takes 1-2 business days
After since last summer with fxwinning.net, I can only describe the experience as death by a thousand cuts. No single issue was catastrophic, but the constant stream of small problems, slow responses, and missing features wore me down until I finally left.
Pros: Social trading features|Intuitive for beginners
Cons: Slow to add new assets|Minor UI glitches occasionally