• Home
  • Categories
  • News
  • Community
EN
EN
Home
CategoriesNewsGlossaryCommunity
Contact Us
Social Media
Region
🌏International
Region
🌏International
Contact
Home
/
News
/
Wingo Markets Review: High Risk (Suspected Fraud)

Wingo Markets Review: High Risk (Suspected Fraud)

TraderKnowsTraderKnows
2024-05-10
Summary：Wingo Markets, a forex platform founded in 2023, is evaluated in this article, covering regulation, trade types, software, security, funding, and leverage.

Wingo Markets Company Overview:

Wingo Markets' official website indicates that the company is registered in the Comoros Union and the Marshall Islands. TraderKnows verified through the Mwali International Services Bureau website, confirming the company's registration in the Comoros Union. However, upon checking the INTERNATIONAL REGISTRIES, INC website, it was found that the company's registration information in the Marshall Islands has expired. Additionally, Whois query results for the website domain show that the company's official website domain was registered on April 25, 2023, less than a year ago.

官网显示公司注册信息

官网显示公司注册信息查询1

官网显示公司注册信息查询2

官网域名注册信息Whois查询

Is Wingo Markets Compliant and Legal? Does it hold relevant financial regulatory licenses?

Wingo Markets' official website states that the company holds a Financial Crimes Enforcement Network (FinCEN) Money Services Business License (MSB License) from the U.S. Department of the Treasury. Although the query results on the FinCEN website confirm the authenticity of this information, it's important to note that FinCEN is the U.S. financial intelligence agency, primarily tasked with facilitating the detection, prevention, and deterrence of money laundering and the financing of terrorism. It does not regulate or authorize forex brokers.

官网显示公司监管信息

官网显示公司监管信息查询

Trading Instruments Offered by Wingo Markets:

The Wingo Markets official website indicates that the company provides trading services for financial products such as forex, metals, commodities, stocks, and indices.

官网显示交易产品信息1

Trading Software Provided by Wingo Markets:

Wingo Markets offers MetaTrader 5 (MT5) trading software for investors, supporting desktop versions (Windows), web versions, and mobile versions (IOS/Android).

官网显示交易软件信息

Fund Security:

Wingo Markets has not disclosed any third-party fund regulatory information on its official website, raising concerns about the security of user funds.

Deposit and Withdrawal Channels:

While Wingo Markets' official website lists potential deposit and withdrawal methods, including B2BinPay and Advcash, it does not provide information on supported currencies, deposit and withdrawal fees, and processing times.

官网显示存取款信息

Leverage Ratio:

The broker discloses a leverage ratio of 400:1, which is considerably higher than the typical leverage ratios of 10-100:1 for compliant brokers.

官网显示保证金比例信息

Summary:

Wingo Markets is a forex broker engaging in potentially illegal financial activities without proper forex regulatory licenses. The broker has not disclosed critical information related to user fund security. TraderKnows warns you that Wingo Markets is a highly risky forex broker, and it is advisable to stay away from this platform to avoid potential financial losses.

Currently, Wingo Markets is flagged with "Suspected Fraud" on TraderKnows.

SKYPE 图

交易圆百科

Risk Warning and Disclaimer

The market carries risks, and investment should be cautious. This article does not constitute personal investment advice and has not taken into account individual users' specific investment goals, financial situations, or needs. Users should consider whether any opinions, viewpoints, or conclusions in this article are suitable for their particular circumstances. Investing based on this is at one's own responsibility.

The End
PreviousNext

Comments

0/1000

You Missed

Why are fewer and fewer people trading? Perhaps this article can provide you with the answer.

Why are fewer and fewer people trading? Perhaps this article can provide you with the answer.

According to data provided by brokers, 40% of traders give up trading after one month, and only 7% remain active after five years.

亚伦_TK_LOXmv
亚伦_TK_LOXmv
2024-06-04
Investment
Investment
2024-06-04
U.S. elections and Middle East conflict boost uncertainty, driving gold prices higher.

U.S. elections and Middle East conflict boost uncertainty, driving gold prices higher.

With the US election nearing and Middle East tensions rising, risk aversion keeps gold prices high as markets watch Fed rate decisions and US economic data.

TraderKnows
TraderKnows
2024-10-30
Foreign Exchange Trading
Foreign Exchange Trading
2024-10-30
Indonesia's central bank to continue forex intervention, rupiah to strengthen next year.

Indonesia's central bank to continue forex intervention, rupiah to strengthen next year.

Recently, the Governor of the Bank of Indonesia, Perry Warjiyo, publicly stated that they will continue to intervene in the foreign exchange market to stabilize the rupiah.

TraderKnows
TraderKnows
2024-06-05
Foreign Exchange Trading
Foreign Exchange Trading
2024-06-05
Theo Broker Review：High Risk（Suspected Fraud）

Theo Broker Review：High Risk（Suspected Fraud）

Theo (Theo Technology Co., Ltd) is an online forex trading platform. This article evaluates Theo from perspectives like corporate entity, domain registration, regulatory licenses, staff, software, and trade types.

TraderKnows
TraderKnows
2024-05-14
Pig Butchering Scam
Pig Butchering Scam
2024-05-14
Is Opixtech a legitimate forex company? Are the high returns of Opix Algo real?

Is Opixtech a legitimate forex company? Are the high returns of Opix Algo real?

No matter how well Opixtech and Chen De disguise their forex funding scheme, they can't conceal its true nature as a Ponzi scheme.

TraderKnows
TraderKnows
2024-05-10
Ponzi Scheme
Ponzi Scheme
2024-05-10

Wiki

Pig Butchering Scam

The 'Pig Butchering Scam' is a type of financial fraud that originated in Southeast Asia, but has now become prevalent globally. The name stems from the scammers' method of dealing with their victims: similar to raising pigs, they first 'fatten' them by building trust, and then 'slaughter' them by swindling away all their money.

Organization

Suspected Fraud

Wingo MarketsWingo Markets

Recent Post

Trump Invokes Defense Production Act with 850 Million USD for Coal Power to Meet AI Demand

06-05

NY Fed Index Shows High Supply Chain Pressures as Geopolitical Conflicts Raise Global Inflation Con…

06-05

Japan's Real Wages Rise for Fourth Consecutive Month, Fueling June BOJ Rate Hike Bets

06-05

China Flexible Employment Exceeds 300 Million as Blue-Collar Wage Growth Outpaces White-Collar for…

06-05

South Korean Stocks Post Steepest Weekly Drop Since March as Tech Valuations Reset

06-05

China Commercial Paper Rates Drop in Early June Amid Rising Bank Demand

06-05

UK House Prices Unexpectedly Fall in May as Geopolitical Tensions Push Up Borrowing Costs

06-05

Massive Intervention Fails to Save Yen as Short Positions Surge Near Historic Lows

06-05

AI Momentum Pauses as Broadcom Outlook Misses High Expectations; Markets Await Payrolls

06-05

SpaceX Launches 75B USD IPO Roadshow as Access Blocked in Mainland China and Hong Kong

06-05

Global Gold ETFs See $2 Billion Outflows in May as Capital Pivots to Tech Assets

06-05

Nikkei Drops Over 1% on Tech Sector Pullback While Real Wage Growth Provides Support

06-05

South Korea Lifts Mandatory Reporting for Crypto Transfers Over 10M Won

06-05

Amundi Says Asian AI Stocks Supported by Fundamentals as Fed Path Poses Key Risk

06-05

Taiwan Stocks Close 1.33% Lower on Broadcom Drop But Hold Key Technical Support

06-05

You Missed

Why are fewer and fewer people trading? Perhaps this article can provide you with the answer.

Why are fewer and fewer people trading? Perhaps this article can provide you with the answer.

According to data provided by brokers, 40% of traders give up trading after one month, and only 7% remain active after five years.

亚伦_TK_LOXmv
亚伦_TK_LOXmv
2024-06-04
Investment
Investment
2024-06-04
U.S. elections and Middle East conflict boost uncertainty, driving gold prices higher.

U.S. elections and Middle East conflict boost uncertainty, driving gold prices higher.

With the US election nearing and Middle East tensions rising, risk aversion keeps gold prices high as markets watch Fed rate decisions and US economic data.

TraderKnows
TraderKnows
2024-10-30
Foreign Exchange Trading
Foreign Exchange Trading
2024-10-30
Indonesia's central bank to continue forex intervention, rupiah to strengthen next year.

Indonesia's central bank to continue forex intervention, rupiah to strengthen next year.

Recently, the Governor of the Bank of Indonesia, Perry Warjiyo, publicly stated that they will continue to intervene in the foreign exchange market to stabilize the rupiah.

TraderKnows
TraderKnows
2024-06-05
Foreign Exchange Trading
Foreign Exchange Trading
2024-06-05
Theo Broker Review：High Risk（Suspected Fraud）

Theo Broker Review：High Risk（Suspected Fraud）

Theo (Theo Technology Co., Ltd) is an online forex trading platform. This article evaluates Theo from perspectives like corporate entity, domain registration, regulatory licenses, staff, software, and trade types.

TraderKnows
TraderKnows
2024-05-14
Pig Butchering Scam
Pig Butchering Scam
2024-05-14
Is Opixtech a legitimate forex company? Are the high returns of Opix Algo real?

Is Opixtech a legitimate forex company? Are the high returns of Opix Algo real?

No matter how well Opixtech and Chen De disguise their forex funding scheme, they can't conceal its true nature as a Ponzi scheme.

TraderKnows
TraderKnows
2024-05-10
Ponzi Scheme
Ponzi Scheme
2024-05-10

Risk Warning

TraderKnows is a financial media platform, with information displayed coming from public networks or uploaded by users. TraderKnows does not endorse any trading platform or variety. We bear no responsibility for any trading disputes or losses arising from the use of this information. Please be aware that displayed information may be delayed, and users should independently verify it to ensure its accuracy.