Trade4Winner review – 5 things you should know about trade4winner.com

Beware! Trade4Winner is an offshore broker! Your investment may be at risk.

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Don’t put all your eggs in one basket. Open trading accounts with at least two brokers.

Trade4Winner tries to convince us that it represents an established and successful investment intermediary operating from one of the leading global financial hubs. However, experience has taught us to always check such claims carefully. And in the case of Trade4Winner, the verification reveals that this is nothing more than a typical online scam, which has already been uncovered by some European financial regulators.

Trade4Winner Regulation and safety of funds

When you visit the website of a legitimate broker you can expect to find clear and detailed information about the company that owns and operates it, where it is based and what regulatory regimes it is subject to. Licensed financial services providers are also required to provide a comprehensive set of legal documentation.

The availability of such information does not guarantee that it is not false or misleading. But the absence of these elements is very indicative that in all likelihood you are dealing with scammers.

According to the home page of this website, Trade4winner  is operated by the company Trade4winner Watch Trader Limited, which is based and licensed in the United Kingdom.

However, this company is not listed among the companies authorised by the local regulator, the Financial Conduct authority (FCA.).

The website is also available in Italian, which has attracted the attention of the Italian financial regulator, CONSOB. The institution has blacklisted Trade4winner as a scam.

Registration requires agreeing to the Terms and Conditions, but the link to the document is blank. So we’re neither sure who we’re dealing with, nor do we know exactly what the terms of the deal are. This is not a good situation at all when our money is on the line.

Before investing your money in financial instruments, it is imperative to make sure you do so through a licensed intermediary and not one of the many scammers lurking online.

You can turn to one of the many companies that really work under the supervision of respected regulatory bodies like Cyprus Securities and Exchange Commission (CySEC) or Financial Conduct Authority (FCA) in the UK.

As their customer you will enjoy a number of guarantees including negative balance protection and guarantee for your funds if the broker goes bankrupt, which goes up to EUR 20,000 in EU and 85,000 GBP in the UK. Regulations in the UK and EU include some important measures designed to improve investor protection and promote market integrity and transparency, such as transaction reporting. Regulated brokers are also required to segregate their operational funds from the client’s money.

Trade4Winner Trading software

Trade4Winner claims to offer one of the industry’s most popular trading platforms, MetaTrader 4 (MT4). But only a demo of another version of the software, MetaTrader 5 (MT5), can be downloaded from the website. Trade4Winner does not provide credentials for logging into its own trading server. Therefore, in practice, Trade4Winner has no functioning trading software.

There are more than enough licensed brokers offering clients the MT4 experience and/or the newer version of the software MT5. These platforms have established themselves as industry standard because they offer a wide range of features, including a variety of options for customization, multiple account usage, designing and implementing custom scripts for automated trading and backtesting trade strategies.

On the website we also see links to download remote access software. Scammers often convince potential victims to install such software and provide access to their personal devices, supposedly to get technical help.

Trade4Winner Trading instruments

Trade4Winner does not provide any information on tradable instruments. Given the lack of functioning trading software and licence it is obvious that this website does not offer real trading.

Trade4Winner Spreads and cost of trading

When registering, you are asked to choose between different account types, but nowhere is information provided about the associated parameters.

Legitimate forex brokers offer a variety of trading account types tailored to the needs of clients with different capital and investment intentions. These brokers also provide clear and detailed information on trading parameters – leverage, spread, commissions, order execution method, etc.

Trade4Winner Maximum leverage

High leverage creates the opportunity for more significant profit, but correspondingly increases the risk of sudden and excessive losses. All leading regulators therefore restrict leverage for retail traders.

Regulated brokers offer higher leverage only to professional clients who must meet very high standards for capital and experience and forgo the guarantees enjoyed by retail traders.

If you don’t qualify as a professional trader but are willing to take the risk of high-leverage trading, the most viable option is to use the services of an offshore affiliate of an established brand.

Trade4Winner Deposit and withdrawal methods

Trade4Winner’s deposit menu redirects us to obscure cryptocurrency purchasing platforms.

This is typical of financial scammers. Cryptocurrencies are their payment method of choice because on the one hand they allow the scammer a degree of anonymity, and on the other hand they do not allow the scammed to ask for a refund.

Legitimate brokers typically offer clients a wide choice of transparent payment methods, including bank transfer, credit/debit cards and established e-wallets such as PayPal, Skrill or Neteller.

Trade4Winner Minimum deposit

Trade4Winner does not specify a minimum deposit. But it would undoubtedly be a better choice to trade through a licensed broker. Leading brands offer Micro accounts for beginner traders with a very low entry bar.

Trade4Winner Withdrawal requirements

The lack of a publicly available Terms and Conditions or Client Agreement means that scammers may have set many traps such as hidden fees and impossible-to-meet  withdrawal terms.