Win ICoin: company reviews in 2022

• Categories: CFD-Brokers

Win ICoin Review: Behind the Legend

The Win ICoin website creates a positive first impression: informative, with extensive statistics and details on trading and regulation. However, trader opinions vary, and it is important not to rush to conclusions. Many believe that the company skillfully exploits the naivety of newcomers, putting their finances at risk. In this review, we will look at key facts about the broker, its offerings, and legal framework.

Exploring Win ICoin: Facts and Drawbacks

Win ICoin is presented with a multilingual website, including a Russian translation. However, content analysis revealed some inconsistencies. For example, the number of open accounts is stated as 300,000 on the website’s homepage and 200,000 in the statistics. Similar confusion is also evident in the regulatory information provided. The broker has not specified supervisory authorities, claiming to be licensed by FCA, FSCA, ASIC, CYSEC, IFSC, and FSC. These facts raise questions about the company’s integrity.

According to the information provided, Win ICoin has been providing its services for four years and conducts 530,000 trading operations daily. There is even a year-by-year roadmap for the company’s development. However, reviews about the broker have only appeared recently, which raises some doubts.

Whois data indicates that the Win ICoin website started in 2018, in line with the stated information. However, information from the web archive shed light on the situation. It turned out that the Win ICoin domain was inactive for a long time and only resumed its operations in December of last year. This is a typical tactic of scammers who use an old domain to create an impression of reliability and success. Judging by the reviews, many fall for this trick.

Official Regulation or Deception?

Win ICoin falters in terms of legal support. Operators are confused about the list of regulators and do not provide scan copies of licenses and registration documents. Despite having permit document numbers allegedly issued by CYSEC, IFSC, and FSC, in practice, these confirmations are invalid. The broker operates without a license and its activities have already attracted the attention of global regulators, including BaFIN, CYSEC, and FINMA.

Despite some negative feedback, the Win ICoin platform remains accessible to newcomers from Russia, despite warnings from the Central Bank and being blacklisted by the regulator. Registering on this platform threatens the loss of investments, with no regulatory protection and no payout guarantees.

Collaboration Terms: Trader Trap

Win ICoin promises its clients safe and profitable trading, standing out from competitors with greed. The minimum entry amount on the site is $5,000, and the lack of a demo account deprives traders of the opportunity to familiarize themselves with the platform without risk. Trading conditions are described superficially, offering three types of accounts with different conditions:

• Initial deposit – from $5,000 to $20,000;
• Instant trade execution;
• Leverage – from 1:20 to 1:100;
• Unknown spreads;
• Ability to trade metals and cryptocurrencies on “Progressive” and “Premium” accounts, as well as deposit insurance.

Reviews from former Win ICoin clients confirm the lack of payouts and transparency in the platform’s commission policy.

The Pitfalls of Win ICoin: Tempting Offer

There are still few reviews of scammers from Win ICoin, as the company is relatively new and many have not yet encountered it. However, existing reviews point to fraudulent behavior. Claims of extortion, manipulation of trading processes, and refusal to make payments are important warnings for potential investors.

The Deception of Win ICoin Practices: Risky Trading

Win ICoin hides its true intentions behind a cloud of lies and deception, aimed at luring new naive clients. Under the guise of successful trading lies only scammers’ desire to drain new investments, without the possibility for ordinary traders to earn. Continuing to work with Win ICoin means putting your capital at stake.