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WINGO MARKETS

Severe riskForex / CFD broker
Comoros · 2-5 years · since 2023-07-24 · Wingo Group LTD
Unregulated
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3.6/5
★★★★★ ★★★★★
55 reviews ›
0
Licenses ›
14
Withdrawal issues ›
$50
Min. deposit ›
1:500
Max leverage ›
4
Account types ›
75/100
Scam risk ›
0
Clone sites ›
Accounts: Social TradePro · 5000$ECN · 500$Starter · 50$
▲ 56% positive▼ 33% negative
Independent ratingshow third parties score this broker
WikiFX2.04/10
Trustpilot3.6/5
Forex Peace Army—/5
🛡️ Been scammed or can’t withdraw from WINGO MARKETS? Our free assistant writes up your case and shows exactly what to do next →
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WINGO MARKETS operates in your country (United States) — but holds no local license. You’d likely be onboarded under an offshore entity, which means weaker fund protection. Confirm which entity before depositing.
75
Severe risk
Scam Risk Scoremonitored · 2026-07-28
Lower riskHigher risk
  • No verified regulatory license on file
  • Registered in Comoros (offshore, light oversight)
  • 4 user exposure/complaint reports filed
  • Withdrawal complaints in ~32% of recent reviews
Exit Risk
66/100
12 reviews in the last 3 months, 58% negative, 3 withdrawal complaints — negativity rising vs earlier
How this score is calculated — view the open algorithm

A transparent weighted score from objective public data — each factor scored 0–100 (higher = riskier), combined by the weights below.

FactorScoreWeight
Regulation & licensing8535%
Company age4515%
Clone / impersonation012%
Withdrawal & exposure complaints10012%
Offshore registration808%
Transparency (site/info/social)010%
Real-user sentiment208%

Based on public regulatory records, industry databases and independent reviews (Trustpilot, Forex Peace Army). Exit Risk reflects recent negative momentum in real reviews. A risk estimate from public data, not a definitive legal judgment; brokers may request a correction.

Company
Legal nameWingo Group LTD
Headquarters Comoros
Founded2023-07-24
Years operating2-5 years
Employees0
Official websitewingomarkets.com
Trading conditions
Avg execution speed0 ms
Avg slippage0
Swap rating—
Trading cost rating—
Monitored traders0
Monitored orders0
Funding & instruments
Deposit methods · --
Withdrawal methods · --
InstrumentsFX Pairs + Metals + Oil
Registered address
Number 6, Vasili Vryonides str., Gala court chambers, 5th floor, office 503, 3095 Limassol, Cyprus

Regulation & licenses · 0

No valid regulatory license found — high caution advised.

Account types · 4

AccountMax leverageMin. depositMin. spreadCommissionEA
Social Trade1:500--FX from 0.5 XAUUSD from 0.85$ Per Lot Per Side✓
Pro1:5005000$FX from 0.1 XAUUSD from 0.52$ Per Lot Per Side✓
ECN1:500500$FX from 0.5 XAUUSD from 0.83$ Per Lot Per Side✓
Starter1:50050$FX from 1.5 XAUUSD from 1.80$✓
Full reviewIn-depth editorial analysis Scam or safe?Risk score & red flags AccountsTypes · min deposit · how to open Deposit & withdrawalMethods · payout reliability

Review analysis AI

Rating mismatch — Industry-tracker scores run far lower than real users do (gap -2.58)

The real-review picture is sharply divided. Positive reviews emphasize fast withdrawals, low spreads, and effective social trading, with many users satisfied with support and platform speed. However, a significant subset of negative reports describe sudden account closures, profits being deleted, and deposits blocked or not refunded, raising serious scam concerns. The lack of verified regulation amplifies these risks, making it crucial for traders to weigh the positive experiences against the severe allegations.

Best for
  • Traders seeking social trading and copy strategies
  • Users tolerant of high risk in unregulated environments
Not for
  • Regulation-conscious traders
  • Long-term investors requiring fund security
  • Traders with large account balances
Period:
What users complain about
What users praise
Where reviewers are from
🇩🇪 DE7
TR5
Turkey5
IR2
🇺🇸 US2
🇬🇧 GB2
Positive vs negative · last 12 months Pos Neg
Apr
May
Jun
Aug
Sep
Nov
Jan
Feb
Apr
May
Jun
Jul

Real user reviews

Where WINGO MARKETS operates

Active across 11 markets (by market presence). Licensing rarely covers all of them — where it isn’t locally licensed, you’re onboarded under an offshore entity with weaker protection.

🇨🇭 Switzerland
🇩🇪 Germany 1 complaint
🇲🇾 Malaysia
🇦🇪 United Arab Emirates
🇺🇸 United States
🇦🇺 Australia
🇳🇱 Netherlands
🇹🇷 Turkey
🇯🇵 Japan
🇨🇦 Canada
🇵🇱 Poland
🇩🇰 Denmark 2 complaints
🇭🇰 Hong Kong 1 complaint

Market presence: WikiFX SkyEye · complaints: our records · licensing: official registers. Where you’re accepted is set by the broker’s own terms — always confirm before depositing.

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What WINGO MARKETS says about itself as stated by the broker · not independently verified by FXCanary

Company Overview

WINGO Markets states it was established in 2023 and is headquartered in Cyprus. The broker presents itself as a modern trading platform offering a range of account types and social trading features to retail traders globally.

Account Types and Leverage

According to the company, it offers multiple account types including Standard, ECN, RAW, VIP, Social Trade, and Social Trade VIP. The broker claims a minimum deposit of $100 for the standard account and provides leverage up to 1:400.

Trading Instruments and Platforms

WINGO asserts that trading is available across various markets, including cryptocurrencies, forex, commodities, indices, and stocks, offering a comprehensive range of tradable assets. The platform operates primarily on the MT5 trading platform.

Spreads and Fees

The broker advertises competitive spreads, starting as low as 0.0 pips, to enhance trading efficiency. It also promotes transparent commission calculations for its social trading and ECN accounts.

About WINGO MARKETS

Background and Location

Wingo Markets is the trading name of Wingo Group LTD, a broker established on 24 July 2023. The company is registered at Number 6, Vasili Vryonides str., Gala court chambers, 5th floor, office 503, 3095 Limassol, Cyprus. Although based in Cyprus, Wingo Markets is not licensed by any major financial regulator; our cross-checking found no verified regulatory license on file.

Account Types

The broker offers four main account tiers: Starter, Pro, ECN, and Social Trade. The Starter account requires a minimum deposit of $50 and features spreads from 1.5 pips on FX and 1.8 on XAUUSD with no commission. The Pro account needs a $5,000 minimum and offers raw spreads from 0.1 pips on FX and 0.5 on XAUUSD, with a $2 per lot per side commission.

The ECN account starts at $500 with spreads from 0.5 pips on FX and 0.8 on XAUUSD, charging $3 per lot per side. The Social Trade account has no minimum deposit disclosed, offers spreads from 0.5 pips on FX and 0.8 on XAUUSD, with a $5 per lot per side commission. All accounts provide leverage of up to 1:500.

Wingo also markets additional account types like Standard, RAW, VIP, and Social Trade VIP in its promotional materials, though these are not detailed in the data we collected.

Trading Platforms and Instruments

Wingo Markets primarily offers the MetaTrader 5 (MT5) platform for trading. The broker states it supports trading in cryptocurrencies, forex, commodities, indices, and stocks. However, the detailed account information limits tradable instruments to FX pairs, metals (XAUUSD), and oil. This discrepancy may stem from account-specific restrictions.

The broker also promotes a social trading feature, allowing users to copy strategies from professional traders or act as signal providers. This is a key differentiator and appears popular among users.

Deposits and Withdrawals

Funding and withdrawal methods are not publicly disclosed in detail. Some user reviews mention using Volet for deposits and bank transfers. The broker claims to process withdrawals quickly, with some users reporting receipt of funds within 12 hours. However, the lack of transparent information on supported methods is a concern for transparency.

Target Audience

Wingo Markets positions itself as a broker for both new and experienced traders, with a strong emphasis on social trading. The low minimum deposit of $50 for the Starter account makes it accessible to beginners, while the Pro and ECN accounts cater to more active traders. However, the absence of regulation and the mixed user feedback suggest it is best suited for traders who are comfortable with higher risk and who prioritize social trading features.

Overview compiled by FXCanary from regulatory records and public data. full WINGO MARKETS review