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Win ICoin

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Operating status: SCAM

Website: https://winicoin.com

Broker violations and abnormal records
  • 2022-04-26 The Swiss FINMA Added Win ICoin into Its Warnings

    On April 27 2022, FINMA issued a warning that Win ICoin is not entered in commercial register, you may visit: https://www.finma.ch/en/finma-public/warning-list/win-icoin/

    On April 27 2022, FINMA issued a warning that Win ICoin is not entered in commercial register, you may visit: https://www.finma.ch/en/finma-public/warning-list/win-icoin/
  • 2022-05-26 The German BaFin Added Win ICoin into Its Warnings

    On May 27 2022, BaFin issued a warning that Win ICoin is not authrised to provide financial services, you may visit: https://www.bafin.de/SharedDocs/Veroeffentlichungen/EN/Verbrauchermitteilung/unerlaubte/2022/meldung_2022_05_25_winicoin_en.html

    On May 27 2022, BaFin issued a warning that Win ICoin is not authrised to provide financial services, you may visit: https://www.bafin.de/SharedDocs/Veroeffentlichungen/EN/Verbrauchermitteilung/unerlaubte/2022/meldung_2022_05_25_winicoin_en.html
  • 2022-06-09 Brokersview has Reviewed that Win ICoin is an Unregulated Forex Broker

    Win ICoin claims to be an authorized broker under multiple regulations. We searched the regulators it mentioned, including: 

    1) the United Kingdom Financial Conduct Authority (FCA);

    2) the South Africa Financial Sector Conduct Authority (FSCA);

    3) the Australia Securities and Investments Commission (ASIC);

    4) the German Federal Financial Supervisory Authority (BaFin);

    5) the Cyprus Securities and Exchange Commission (CySEC);

    6) the Mauritius Financial Services Commission (Mauritius FSC);

    7) the Belize Financial Services Commission (Belize FSC);

    8) the Saint Vincent and the Grenadines Financial Serivices Authority (SVG FSA). 

    Except for BaFin, there is no matching result from the rest of regulators. Actually, the German BaFin issued a warning against Win ICoin, and the Swiss Financial Market Supervisory Authority (FINMA) also issued a warning against Win ICoin. That means Win ICoin is not authorized to provide financial services in Germany and Swiss.

    Not being overseen by any regulator, letting this broker hold or control customers' money is unsafe and the money can not be protected by any law. Therefore, it is a scam.

    Win ICoin claims to be an authorized broker under multiple regulations. We searched the regulators it mentioned, including: 1) the United Kingdom Financial Conduct Authority (FCA);2) the South Africa Financial Sector Conduct Authority (FSCA);3) the Australia Securities and Investments Commission (ASIC);4) the German Federal Financial Supervisory Authority (BaFin);5) the Cyprus Securities and Exchange Commission (CySEC);6) the Mauritius Financial Services Commission (Mauritius FSC);7) the Belize Financial Services Commission (Belize FSC);8) the Saint Vincent and the Grenadines Financial Serivices Authority (SVG FSA). Except for BaFin, there is no matching result from the rest of regulators. Actually, the German BaFin issued a warning against Win ICoin, and the Swiss Financial Market Supervisory Authority (FINMA) also issued a warning against Win ICoin. That means Win ICoin is not authorized to provide financial services in Germany and Swiss.Not being overseen by any regulator, letting this broker hold or control customers' money is unsafe and the money can not be protected by any law. Therefore, it is a scam.
  • 2022-06-16 The Cyprus CySEC Added Win ICoin into Its Warnings

    On 17 June 2022, the Cyprus Securities and Exchange Commission (CySEC) issued a warning that Win ICoin is not authorized to provide financial services. You may visit: https://www.cysec.gov.cy/CMSPages/GetFile.aspx?guid=fddeb549-b2e6-400f-8b5b-ba2d881d9061

    On 17 June 2022, the Cyprus Securities and Exchange Commission (CySEC) issued a warning that Win ICoin is not authorized to provide financial services. You may visit: https://www.cysec.gov.cy/CMSPages/GetFile.aspx?guid=fddeb549-b2e6-400f-8b5b-ba2d881d9061
  • 2022-08-28 BrokersView has found that Win ICoin is not working

    On 29 Aug 2022, BrokersView found the domain https://winicoin.com is not working, as most probably it was suspended and it is always a bad sign when broker's website is suspended.

    On 29 Aug 2022, BrokersView found the domain https://winicoin.com is not working, as most probably it was suspended and it is always a bad sign when broker's website is suspended.

Related Complaints

Q&A

Is scalping allowed in Win ICoin?

Luke Ignacio
Greece
2022-07-04
ANSWER Win ICoin is not a licensed or regulated broker even though it states offers that look good to be true. Win ICoin claims to be an authorized broker under multiple regulations, including:1) the United Kingdom Financial Conduct Authority (FCA);2) the South Africa Financial Sector Conduct Authority (FSCA);3) the Australia Securities and Investments Commission (ASIC);4) the German Federal Financial Supervisory Authority (BaFin);5) the Cyprus Securities and Exchange Commission (CySEC);6) the Mauritius Financial Services Commission (Mauritius FSC);7) the Belize Financial Services Commission (Belize FSC);8) the Saint Vincent and the Grenadines Financial Serivices Authority (SVG FSA). However, we did not find any match results to Win ICoin in the above watchdogs' registries. What's more, both the German Federal Financial Supervisory Authority (BaFin) and the Swiss Financial Market Supervisory Authority (FINMA) both issued warnings against Win ICoin for providing financial services without authorization. You can check full warnings from BaFin and FINMA.The truth is, Win ICoin is not overseen by any regulators. That means investors' funds in this broker are unsafe and cannot be protected by any law. We would recommend traders stay away from unregulated brokers like Win ICoin and trade with licensed brokers.
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