WinMarkets Scam Test 2015

WinMarkets Scam Test 2015

WinMarkets Scam Test 2015

WinMarkets.com is one of the newest of Europe’s licensed and regulated binary options brokers. The broker runs their business on the back of the highly popular SpotOption trading platform, which is provided in a variety of languages including English, Spanish and German.

The WinMarkets platform is operated by Lead Capital Markets Ltd. The company is an investment firm based in Cyprus and offers traders a range of financial investment and ancillary services across the globe. Lead Capital Markets Ltd has been registered and regulated by the Cyprus Securities and Exchange Commission  (CySEC) and holds the license number 210/13. To ensure traders have complete peace of mind while trading on the company’s platform, the license certificate is offered on the WinMarkets website as a free download, available to all visitors.

Because of the broker’s status as a CySEC regulated financial trading company, it is compliant with all the regulations applicable both in Cyprus and within the European Union. This includes compliance with the Markets in Financial Instruments Directive (MiFID) as well as the Cyprus investment law number 144(I)/2007. With all this information in hand, we will begin our WinMarkets scam test to see how reliable the broker really is.

WinMarkets Scam Test | Licensing Status of WinMarkets

When traders make a comparison of binary options brokers, it is easy to find that there are many unlicensed and scam brokers. For this reason, WinMarkets is a good choice because it is regulated and licensed in the EU by CySEC. In addition, the broker’s parent company, Lead Capital Markets, is a highly respected firm and is licensed by CySEC as well.

One key benefit of traders signing up to WinMarkets.com is that the company is obligated to comply with the money market and financial investment laws set in place by the government of Cyprus, which means that in the event of any dispute, traders have a governing body that they can direct their complaints to. This is unlike trading with an unlicensed broker, who will offer no recourse in case of any problem. The bottom line is when you join the WinMarkets trading family; you can have peace of mind that the broker offers a secure and transparent trading environment. But we have more areas to cover, so keep reading.

WinMarkets Scam Test | Trading Platform

When you have to choose between the hundreds of trading platforms that are available today, it is essential to consider several important facts. One of the most important points for the trader to keep in mind is the type of trading platform that their broker uses. This is because, while there are many binary options brokers with whom a trader can sign up with, there are a limited number of platforms available. This means that a particular platform could be used by several different brokers, with one broker being licensed and the other being unlicensed. You will not encounter a WinMarkets scam here.

WinMarkets Trading Platform

WinMarkets Trading Platform

WinMarkets’ business is built upon the popular and highly-regarded SpotOption binary options trading platform, which has several unique features that include:

  • The trading platform is intuitive and easy to use and to navigate.
  • Offers advanced charting and sophisticated technical analysis tools.
  • High levels of returns on binary options trades.
  • More than 180 assets to be traded.
  • Wide choice of trade options available including the standard Call/Put, Pairs, Long Term, 60 Seconds, One Touch and Ladder
  • Mobile trading platform available

CLICK HERE AND PROCEED TO SAFETYTRADE WITH REGULATED BROKER NOW!

WinMarkets Scam Test | The regulatory environment under which WinMarkets operates

Traders who sign up with this broker are assured that no WinMarkets scam can happen because they are getting involved with a binary options broker which is regulated and licensed and which has also put safeguards on their trader’s WinMarkets Minimum Deposit and all other investments. These steps are taken in order to ensure that the broker has complied with the regulations as laid out but the different regulatory bodies as below:

  • CySEC: The Cyprus Securities and Exchange Commission (CySEC) is an independent public authority that takes a supervisory role in ensuring that the investment services market in Cyprus, as well as transferable securities in the country, are traded in an ethical manner and that investor deposits remain safe. The Authority was set up and operates as a legal entity within the confines of Section 5 of Cyprus’ Securities and Exchange Commission laws of 2001. As a CySEC recognized broker, WinMarkets ensures that their traders funds are kept in a segregated account and are not used for the operation of the company. Traders can deposit and withdraw funds with ease using the many different banking options provided by the broker including credit cards, debit cards, wire transfer and eWallets.
  • MiFID: MiFID stands for the Markets in Financial Instruments Directive of 2004 (93/EC). This is an EU law that aims to provide a harmonized regulatory environment for all investment service providers from all across the 31 states that are members of the European Economic Area (EEA). The EEA not only includes 28 independent members of the European Union, but also Liechtenstein, Iceland and Norway. The key objectives of setting up the directive are to ensure that there is increased competition in the financial investment scene in Europe as well as to provide consumer protection from the practices of the various licensed investment services.
  • Investor Compensation Fund: One of the key features that Lead Capital Markets Ltd. and its subsidiaries – including WinMarkets – have is that they are members of the Investor Compensation Fund (IMF) that caters to traders who are customers of investment firms in Cyprus (CIFs). This fund also constitutes a private legal entity that is tasked with the objective of ensuring that the claims placed by covered traders against any of its members result in payment in full for any lawful disputes. Compensation for clients of any members of the fund is assured, as long as the validity of a claim and failure of the broker to fulfill its obligations can be ascertained. It is important to note, however, that the compensation that can be claimed from the fund should not be in excess of €20,000. As you can see, experiencing a WinMarkets scam is literally impossible.
WinMarkets Deposit Page

WinMarkets Deposit Page

WinMarkets Scam Test | Trading Binary Options on WinMarkets

Trading of stocks, commodities, forex and indices on the WinMarkets platform allows traders to be fully engaged in an extensive and all inclusive trading experience. This is because the WinMarkets platform offers traders the chance to profit from assets from all over the world. All that a trader needs to do to get started on their journey to financial freedom is to sign up a free account with WinMarkets.com. In addition, WinMarkets provides its traders with a wealth of educational materials to enable them to step into the trading arena with confidence. This includes an eBook, trading videos, daily market news and other useful tools. You can read much more about everything this broker has to offer in our WinMarkets Review.

WinMarkets Scam Test | Conclusion

By trading binary options with WinMarkets, you can rest assured that you are dealing with a reputable and secure binary options broker. The broker also offers traders a simple to use platform which caters to both novice and professional traders worldwide. Because any form of financial trading carries a significant level of risk, the fact that WinMarkets carries a risk disclosure statement on their website goes a long way toward putting traders’ concerns to rest and confirms that no WinMarkets scam will occur here. If you want a completely safe trading experience, this is the place.

CLICK HERE AND PROCEED TO SAFETYTRADE WITH REGULATED BROKER NOW!

Author's overall rating:
Author: Ben Prescott
Updated:

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