The brokerage industry, particularly among forex dealers, is rife with scammers. If you think this company is a reliable platform that can be trusted, you are greatly mistaken. A decision was made to write a Winstone Investment Group review to warn about the dangers, especially for beginners. So, if you want to know what signs of an illegal broker the organization exhibits, join me. It won’t take much of your time.
Table of Contents
Highlights
| 🏛️ Country | United Kingdom |
| ⚠️ Regulation | – |
| 🖥️ Website | https://winstoneinvestmentgroup.com/ |
| 🎲 Demo Account | No |
| ⏳ Start Time | 2023 |
| 💲 Minimum Deposit | $10,000 |
| ⚖️ Minimum and Maximum Leverage | 1:100 |
| ⚙️ Trading Platform | WebTrader |
| support@winstoneinvestmentgroup.net | |
| 📞 Phone | +14386192233 |
First Impression of Winstoneinvestmentgroup.com
I’ll start my review of Winstone Investment Group with the official website, specifically with its examination, as it is the first thing any user encounters. Well, the official website is nothing interesting or unique.
On the homepage, you can see online cryptocurrency quotes, and some pretentious phrases that look too ridiculous, such as “Your Gateway To The Financial Markets”. The broker also tries to explain the advantages that await clients, the platform, and the traded asset classes, and at the bottom, there is even a warning about risks and legal documents.
At the top, there are several sections with information about the company, platform, tariff plans, as well as contacts. On the right are buttons for logging into the personal account and registration.
Several shortcomings should be noted right away:
- Key information about the firm is missing: licenses, duration of operation, names of leaders, etc.
- There is no graphic design or unique styling. Essentially, it is just black text on a white background. The firm hasn’t even tried to create something aesthetically pleasing and beautiful.
This initial introduction to the company shows how unserious and opaque it is. What lies ahead?
Partnership and Bonuses
Judging by the lack of a section for an affiliate program, such an option is not offered here. It is unfortunate, as a referral program could have been a good additional source of income for traders, independent of their trading results. For Winstone Investment Group, it would have been an excellent tool for acquiring new clients. So, why there is no affiliate program here remains merely speculative.
Bonuses are also not mentioned, but their terms are available in the user agreement, so it is logical to assume that they do exist. The conditions are stringent. A trader is given 44 days to meet the required trading turnover: the bonus amount divided by 4. If a user received a $500 bonus, then they need to execute a turnover of 125 lots within 44 days.
Account Opening on Winstoneinvestmentgroup.com
Continuing the review of Winstone Investment Group, I will now examine how to create a personal account, what the client portal looks like, whether there is a verification process, and what the trading platform entails.
Registration is super simple, which is pleasing as it doesn’t require inputting an excessive amount of data – just a name, email, and phone number, as well as agreeing to the terms and that the client is not a U.S. citizen.
There’s no need to verify the provided information, which looks suspicious, but okay. The personal account is simplified, and easy to figure out how to use. The interface is simple for navigation.
The language of the client portal is only English, and the website is also only in English. The dashboard shows the current balance, PnL, margin level, and other data. On the left, there is a menu where users can perform operations like depositing funds, withdrawing money, viewing the trading and money transfer history, uploading documents for verification, and connecting 2FA. Among all these basic options, I did not see how to open a demo account. Apparently, such a useful option is absent at Winstone Investment Group.
Verification
As I mentioned earlier, clients can upload documents for verification through their personal cabinet. Although I do not recommend rushing into this, as it is essential first to verify whether the platform is safe and trustworthy, since it’s unclear where your personal data will end up – I will still consider the KYC process.
You need to go to the “Documents” section, then select the category and type of document, and finally specify the path to the file. The verification process is mandatory, as Winstone Investment Group allegedly adheres to AML & KYC policies.
- The process of uploading documents is simple and straightforward.
- The firm does not specify how long the document check will take.
Trading Software
On the main page, the company claims to offer trading on the MetaTrader 4 platform, but this is an outright lie. Look at the screenshot below and try to find screenshots of what MetaTrader 4 looks like. You will immediately understand that these are two different programs.
As an experienced trader, I immediately realized it was a completely different terminal. Novices might not know what MT4 actually looks like, and apparently, Winstone Investment Group wants to exploit this. Still, let’s see what options are available to traders:
- Indicators.
- Text labels.
- Trends, support/resistance lines, and harmonic models.
- Timeframes (from 1 minute to 1 week).
- Take-profits and stop-losses.
- Pending and market orders.
- Watchlist.
These are basic capabilities, which are unlikely sufficient to fully trade using various strategies. Yes, the functionality is severely limited, so the platform does not fit the definition of advanced and versatile. Auto-trading, copy-trading, and other important options are also not found.
The last downside of such a platform is the absence of both mobile and desktop versions. The terminal cannot be downloaded to a PC or smartphone (Android/iOS), but can only be run in any web browser. Web platforms are significantly inferior to desktop terminals both in functionality and capabilities, and in a technical sense.
The first part of the review of Winstone Investment Group is complete. Next, I will examine the trading conditions and additional options.
| Features | Winstone Investment Group | Autotradeguru.com | Resolve Money LTD |
|---|---|---|---|
| Demo Account | ❌ | ❌ | ❌ |
| Mobile App | ❌ | ❌ | ❌ |
| Own Development | ❌ | ❌ | ❌ |
How Can I Trade With Winstone Investment Group?
Clients have access to major and minor currency pairs, cryptocurrencies, indices, stocks from the US, Asia, Australia, and Europe, as well as commodities. Next, it’s crucial to examine the tariff plans, as much depends on them.
All Info About Accounts
How can you almost certainly identify a scammer? Look at the tariff plans. They will be structured in such a way as to motivate clients to invest more money. For example, more expensive plans will offer better conditions and more additional services.
It’s not surprising that Winstone Investment Group follows this approach, offering traders five different types of accounts, with huge minimum deposits. The first tariff requires a minimum replenishment of $10,000, the second $25,000, and so on. These are substantial and unreasonable amounts, especially when you look at reputable companies that offer starting points as low as $10.
The tariffs vary with leverage from 1:10 to 1:100 and include additional options like daily news, trading academy, market review, portfolio progress report, swap discount, portfolio manager, webinars, analyst session with a certified accountant, daily 1 on 1 session with top analyst, in-depth research, VIP events, 24/7 account monitoring by top analyst group, and others. In short, a standard set of privileges of any fraudulent broker.
Okay, what conclusions can be drawn from looking at the trading conditions? Winstone Investment Group does not adhere to the norms and requirements set by financial regulators. It is indicated by the leverage of 1:100. Additionally, the sizes of spreads and their types are not specified, nor are hidden commissions, which does not allow a full assessment of whether the conditions are favorable or not. Both demo and Islamic accounts are absent, and these are important options that clients need. And, of course, the outrageous requirements for the initial deposit.
- None.
- $10,000 is a very large amount for a starting deposit.
- No demo and swap-free.
- Commissions and spreads are not specified for some reason.
Market Analysis and Education With Winstoneinvestmentgroup.com
All the additional services were covered in the tariff plans, but access to them is offered for exorbitant fees. Does Winstone Investment Group offer anything for free that all clients can use? Apparently not. Only online quotes on the main page of the website and a description of the traded asset classes are available.
Deposit, Withdrawal, and Fees
You can view the supported transfer methods in the personal account. These are limited to cryptocurrencies, specifically Bitcoin, Ethereum, and USDT ERC-20, some of the most expensive blockchains in terms of fees. A single transaction can cost $10-20, but sometimes these figures jump to $100 or more.
If the company supports only cryptocurrency transfers, this is a cause for concern. In such cases, the payment recipient can remain completely anonymous, and it is impossible to retrieve funds. It is a serious red flag.
The sizes of commissions for deposits and withdrawals are not disclosed. The minimum withdrawal amount is $50, but you might as well forget about it, as withdrawals here are likely unavailable.
| Features | Winstone Investment Group | Millbankcapital | Sollari |
|---|---|---|---|
| Debit/Credit Cards | ❌ | ✔️ | ✔️ |
| Electronic Payments | ❌ | ✔️ | ❌ |
| Crypto Transfers | ✔️ | ✔️ | ✔️ |
| Deposit Fee | ❌ | ❌ | ❌ |
| Withdrawal Fee | ❌ | ❌ | ❌ |
How Can I Contact It?
Clients are offered an email and a phone number as means of contacting managers of Winstone Investment Group. These details must be verified. It turns out that the email is fake, so there is no point in writing there as there will be no response. The phone number is likely also fabricated.
Also, on the website, you can see social media logos, but they are just for show. The company simply added logos for Instagram, Facebook, Twitter, and YouTube, but clicking on them does nothing, as no hyperlinks are added.
Online chat is also absent. Although there is a special form where you can leave messages for managers, I suspect it also does not function.
- None.
- Fake contact information.
Is Winstone Investment Group Dangerous?
It’s astonishing how many red flags can be found in a single brokerage company. However, the winstoneinvestmentgroup.com review does not end here, as the most crucial part is yet to come. It’s clear that it is a fraudulent platform, but let’s further expose the scammers.
How Long Does The Broker Work?
The website does not mention the founding date and lacks registration documents where this could be verified. It is suspicious behavior for any company. An honest organization would definitely disclose how long it has been in operation. The launch date of this platform can be deduced from the domain registration date, which was in the summer of 2023.
How Is Winstone Investment Group Regulated?
The headquarters is located in London, but the address provided is incomplete, listing only the street and city. However, it is sufficient to check the company in all necessary registries, of which there are two – the regulatory (Financial Conduct Authority) and the legal register (Companies House).
Perhaps I’ll start with the licenses, though it’s clear there is no regulation here, as it isn’t even mentioned on the website. A check of the FCA register confirmed that Winstone Investment Group operates without a license, as it is not listed there.
And now, the climax of the winstoneinvestmentgroup.com review. Is this truly a broker officially registered in the UK? No! The company was not found in the legal entities registry of this jurisdiction. Below, you can see the screenshot of the search where no exact matches were found.
| Features | Winstone Investment Group | Lovacrypto | Morgen Charles |
|---|---|---|---|
| European Zone | ❌ | ❌ | ❌ |
| Asian Zone | ❌ | ❌ | ❌ |
| American Zone | ❌ | ❌ | ❌ |
| African Zone | ❌ | ❌ | ❌ |
| Offshore | ❌ | ❌ | ❌ |
Kevin Berry
Winstone Investment Group rating
1 review about Winstone Investment Group
Hello. The scammers are holding my deposit of $12,000. What should I do? I regret investing in this fake broker; I didn’t think about the fraud, this platform seemed safe and verified. However, I was very mistaken.
The scammers are not responding, and I can’t request a withdrawal. Where I need to enter my cryptocurrency wallet address, I just can’t do it. The field is not active. Please help, what can I do in this situation?
There is a little review of Winstone Investment Group online, so I don’t know where to turn or who to ask for advice. I want to get my $12,000 back, but I fear that’s impossible.