By FX WINNING, from Colombia, May 3, 2023 at 10:59 PM
This broker FXWINNING has stated it is in the process of registering with CySec and has stop allowing customers to withdraw funds, is any of this true? Is it in the process of registering
Answer: Hi FX WINNING,
Based on our research FXWINNING is not a trustworthy company to trade with.
- The most important reason to avoid the broker is its lack of regulation. FXWINNING does not hold any license, meaning traders are not protected legally. Remember, that unregulated brokers most often turn out to be scams that operate for some time, and then simply disappear.
- To the answer, if it is true that FXWINNING is on its way to obtaining a CySEC license, the information is probably inaccurate. On its website, the broker does not provide any information about it, which is strange.
- At last, we found that it has been months that the broker is not processing any withdrawal for the same reason, putting thousands of its clients on hold. This is common practice for scam brokers.
- To avoid situations like this, we recommend trading with reliable brokers with tight regulations and years of experience in the market. Choose only regulated brokers that hold licenses from FCA, CySEC, or ASIC.