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The most recent forex investment scam, Win ICoin, makes numerous misleading regulatory promises. Regulators have been providing cautionary statements about using winicoin.com. People who opened accounts are now sorry they did. The platform obviously prevents all withdrawal efforts. By providing their currencies, WinICoin also seeks to entice investors into the cryptocurrency industry. Here is what you need to know about WIN ICOIN from our concise review.

In recent times, we have had a lot of complaints about a fraudulent platform called Win ICoin, it has been brought to our attention that there’s a fraudulent scheme going on there with the aim to steal from investors. The IOSCO and FCA  also confirmed in their publication that  Win ICoin is a scam platform. Just to clear any doubts,  Win ICoin is a SCAM.

If you have been scammed and you are looking for ways to recover your money from Win ICoin, visit the The Capital Co (www.thecapitalco.net) website at www.thecapitalco.net.

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Regarding Win ICoin

Win ICoin states that it offers more trading alternatives on its about us page. The trading platform includes more than 150 unique trading instruments. We have a platform that claims to be cutting edge in all facets of trading and investment.

Benefits and Drawbacks of Win ICoin

The platform is not what you would anticipate when you arrive at the webpage. Regarding the crucial component of trading, a lot of information is still unavailable. For certain trading assets, there is no price on spreads, for instance.

We can tell the folks behind it have some trading experience right away. The maximum acceptable leverage is one of the aspects that appeals to people. Other elements make us doubt the platform’s entire design.

These include assertions that deposit protection is guaranteed and that deposit insurance is available. Unfortunately, the platform falls short of these promises, leaving the majority of current members in uncertainty. Furthermore, the present group of members lacks access to their money.

The platform is to fault because it doesn’t even get in touch with users to let them know why. When users try to contact the platform, it deletes their accounts right away. Members with significant deposits will soon lose access to their money.

There is more to the alluring trading platform than meets the eye. Sadly, even the platform’s extra features are carefully placed traps. Before closing down, the platform intends to defraud investors.

Before committing to a platform, experts advise doing some study on it. Look into what makes the platform the best choice for your trading. Ask the trading community about their experiences using the site.

You can get in touch with us and ask for a platform review on your behalf. We would be delighted to comply.

Win ICoin Accounts

Investors can choose from three different account kinds offered by Win ICoin. Start, Progressive, and Premium are a few of these. These accounts each have a unique set of characteristics. The website thus addresses all levels of investors, from novices to professionals.

Let’s examine each of these accounts in more detail;

Start

According to the platform, it is the greatest for beginning traders and investors. The account must be funded with a minimum of $5,000. The account has an instant execution trading style and a 1:20 maximum leverage.

Progressive

You must deposit a minimum of $10,000 to open this account, which is considered to be for more experienced traders. Investors are given the guarantee of deposit insurance, and the leverage is fixed at 1:50. The trading instruments don’t have a spread quote provided, which is unfortunate.

Premium

Investors seek specialists and institutional accounts on this most exclusive account. To get started, a minimum deposit of $20,000 is required. Members receive cryptocurrency and forex metals as trading instruments, and the leverage is 1:100.

Types of Accounts Win ICoin

Account attributes

The ridiculous deposit requirement is one of the important problems we must bring up. The minimum deposit required by the sector is $250 euros. Even regulated platforms with a $1 minimum fee exist.

The platform’s mute trading capabilities for currency assets are another problem. You want to understand what you’re getting into as a trader. Instruments, for instance, require quotations on spreads and different order execution types.

You must sign up naively to become a trader on winicoin.com. The use of adequate leverage is the sole interesting fact. Regulators in the forex market set a maximum allowable leverage for assets of 1:100.

Members cannot utilize a demo account to try out and evaluate the performance of the platform. And this raises more inquiries. A demo account coupled with the trading terminal should be available on every reliable trading platform.

The platform utilizes a specially designed trading platform when referring to trading terminals. Utilizing well-known trading platforms like MT4, MT5, and SIRIX is advised by experts. Custom trading platforms, however, are frequently unreliable.

Money with Win ICoin is secure?

Your money is not secure because the platform doesn’t separate the accounts. Additionally, the site does not provide investors with any reliable security protection. For defense against external threats, there is no SSL encryption nor DDoS protection.

All monies are held by the platform’s owner in a single account. Therefore, it’s possible that the platform’s owner will decide to shut it down. Unfortunately, in the absence of regulatory control, no one is there to defend members.

Additionally, WinICoin does not provide insurance coverage for client deposits. It’s not true, despite what they say in their account feature. As a result, even though most traders had a sizable balance, they were unable to recover a single penny.

Additionally, the platform does not make the necessary deposit with authorities to launch a trading firm. Regulators rely on these money to ensure the security of their customers. No member will get compensation in the event of bankruptcy or insolvency.

Warning from CONSOB Regulator ICoin prize

monetary resources and trading tools ICoin prize
Commodities and cryptocurrency are the only trade assets offered by the site. Metals are the primary commodity observed throughout the board. In terms of trading genuine FX, there is none. Members are therefore prevented from spreading risks using forex assets like main and minor pairings.

It makes sense to invest in cryptocurrency because of its erratic market. A few well-known crypto assets are available on the marketplace. These include Ripple, Ethereum, Litecoin, DOGE, and Bitcoin. These currencies are pitted against one another on the platform.

The platform lacks stock trading and indices. And that makes it harder for investors to spread their risks. In our opinion, the platform didn’t offer enough trading instruments. A flood of trading assets is necessary for investors and traders.

Owner of a business, Win ICoin

Nobody is aware of who the platform’s true owner or parent organization is. That makes it difficult for us to convince people to invest on the platform. We avoid using anonymous platforms and won’t suggest them.

There is no way to get your money back from a platform like that. Employing recovery agents results in greater financial losses. These agents lack the authority to freeze platform-owned bank accounts.

Contact and assistance for clients

After making a deposit, the platform closes all channels of communication. But first, the platform will send you a few emails in an effort to get you to make a deposit. The platform might even phone you in some circumstances.

Customer Reviews Win ICoin

Money is secure at winicoin.com? NO

Numerous customers are upset that the platform prevented withdrawals. These customers express their rage on online forums and social media. It’s upsetting to see those people who used the platform and lost more than $10,000.

Final thoughts winicoin.com

Please avoid visiting wincoin.com. To recover your money from Win ICoin, consult the asset recovery experts at The Capital Co (www.thecapitalco.net), with an excellent record in fund recovery, your case won’t be an exception. Contact The Capital Co (www.thecapitalco.net) now.