Winex has been flagged by Capital Market Authority of Montenegro for "Unregistered/Unlicensed entity offering financial products or services". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.
The hidden fees at Winex are the real scandal here. What they advertise and what they actually charge are two different things. By the time I realized how much I was paying in various fees and spreads, I had already lost a meaningful amount.
Pros: Segregated accounts|Good mobile app|Fast support response
Cons: No integrated tax optimization
I requested my data from Winex under GDPR. They sent a partial export that was missing months of transactions. When I asked for the rest they said it was a technical issue. Still waiting. They do not take data rights seriously.
Pros: Comprehensive tools|Multi-currency support|Intuitive for beginners
Cons: Research section could be deeper|Charting tools need more indicators
I wanted to transfer my portfolio from another broker to Winex. They said they do not accept in-kind transfers for my asset type. I had to sell, withdraw, deposit, and rebuy - incurring taxes and spread costs. They did not tell me this before I signed up.
Pros: Personal attention|Great customer service|Full transparency
Cons: Limited cryptocurrency options|Inactivity fee applies after 12 months
I closed a profitable position at Winex 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: Personal attention|Social trading features
Cons: Account statements could be more detailed|Help articles are sometimes vague
I found this company through a friend who recommended it. Before investing, I checked various regulatory databases and found that Winex has been flagged as an unauthorized entity. I informed my friend immediately. Please always verify with official sources - a quick search could save you thousands.
Cons: Not registered with regulators|Unrealistic promises
Opened my account with Winex after doing extensive research and regretted it within the first month. The platform crashed during a critical moment, I lost potential gains, and support basically told me it was not their problem. Absolutely unacceptable behavior.
Pros: Real-time alerts|Easy to use platform
Cons: Withdrawal takes 1-2 business days|Onboarding videos are outdated
After for the past year and a half with Winex I requested to close my account and withdraw. They said I had to complete a 30-day cooling-off period. Then they said there was a minimum holding period for my last deposit. They make it as hard as possible to leave.
Pros: Easy to use platform|Excellent charting|Risk management tools
Cons: Withdrawal takes 1-2 business days|Slow to add new assets
My card was charged twice by Winex on the same day. I had to dispute it with my bank. Winex then froze my account and said I had a negative balance because of the chargeback. They created the problem and then punished me for it.
Pros: Portfolio tracking tools|Two-factor authentication|Fast execution|Multiple order types
Cons: Email notifications too frequent|Nothing significant
The spread at Winex is not what they advertise. During volatile markets it widens so much that you lose before the trade even starts. I found them after hearing about them at a conference and initially thought the platform was good - until I started trading seriously.
Pros: Fast support response|Two-factor authentication
Cons: Slow to add new assets
I signed up with Winex based on a colleague's recommendation and the first red flag was the aggressive account manager who would not stop calling. After depositing, the promised support vanished. Withdrawals are delayed with endless excuses. I have reported them to the regulator.
Pros: API access|High security standards|Segregated accounts
Cons: Research section could be deeper