Forex Wingo Markets Broker Review

Performance Matrix

Main Score & Risk Matrix

N/A

Score

2.0

Very Poor

Our review desk considers this broker unsuitable for most traders until transparent licensing, stronger compliance evidence, and clearer client-fund protections are demonstrated.

License 2.2

Business 1.5

Risk Control 1.8

Software 2.5

Regulatory 2.0

Terminal Snapshot

Wingo Markets Trading Conditions

Registered Region Comoros

Operating Period 2-5 years

Minimum Deposit $100

Spread N/A

Licenses N/A

Contact Email support@wingomarkets.com

Contact Number +35725591367

Website wingomarkets.com

Balanced Review

Pros & Cons

Pros

Access to over 1,000 financial instruments across various asset classes
Trading platform: MetaTrader 5 with advanced features and tools
Multiple account types: Starter, ECN, Pro, and Social Trade
Competitive commission rates and low spreads
24/7 expert customer support available

Cons

Regulated in an offshore jurisdiction
Limited trading instruments available
Occasional platform performance issues
Mixed reviews on customer service quality
Lack of educational resources for traders

Compliance Desk

Regulatory Licenses

0.0/10

No structured regulatory license cards have been configured yet.

Peer Benchmark

Broker Comparison

Feature	Wingo Markets	Grand Markets	BDSwiss	AvaTrade
Operating Period	2-5 years	See review	See review	See review
Region	Comoros	See review	See review	See review
Minimum Deposit	$100	See review	See review	See review
Spread	N/A	See review	See review	See review
Trust Score	2.0/10	See review	See review	See review

Product Fit

Account Types

What Account Types and Fees Does Wingo Markets Offer?

Account Type	Target User Group	Essential Characteristics	Applicability Notes
Starter	Beginner traders	Easy entry with fair spreads and zero commission	Minimum deposit: $20
ECN	Experienced traders	Fast execution with low spreads and competitive fees	Minimum deposit: $200
Pro	Professional traders	Near-zero spreads with professional conditions	Minimum deposit: $2,000
Social Trade	Copy trading enthusiasts	Dynamic parameters with low commission and spreads	Minimum deposit: $5

Account Opening Process

To open an account with Wingo Markets, follow these steps: begin by visiting the official Wingo Markets website. Click on the ‘Create Account’ or ‘Sign Up’ button found on the homepage. Next, fill in your personal information, including your name, email address, phone number, and country of residence. After that, select the type of account that fits your trading style. You will then complete the verification process, which will require you to submit identification documents such as an ID and proof of address. Once verified, you can fund your account using the available deposit methods. Additionally, Wingo Markets offers account flexibility, allowing you to upgrade to a professional account in the future if needed.

Trading Fees

Product	Spread (pips)	Commission	Notes
Forex (EUR/USD)	0.8	$0 (ECN: $3.5/lot)	Tight spreads for major pairs
CFDs (Indices)	0.5	$2 per lot	Competitive fees on major indices
Commodities (XAU/USD)	0.6	$3 per lot	Low spreads for gold trading
Cryptos (BTC/USD)	0.005%	0.1%	Variable depending on market conditions

Other Fees

Wingo Markets has several additional fees to consider: there may be deposit and withdrawal fees depending on the method used, inactivity fees if there is no trading activity for an extended period, and potential overnight interest (swap rates) on positions held overnight. Currency conversion fees can apply if you deposit or withdraw in a currency different from your account’s base currency.

Editorial Verdict

Expert Verdict

R

Research Desk

Senior Broker Analyst

Our review desk considers this broker unsuitable for most traders until transparent licensing, stronger compliance evidence, and clearer client-fund protections are demonstrated.

Funding Desk

Deposit & Withdrawal Methods

No structured payment methods have been configured yet.

Trader Feedback

Wingo Markets User Reviews

3.0

★ ★ ★ ★ ★

4 total reviews

5 star

4%

4 star

4%

3 star

4%

2 star

20%

1 star

60%

Alexander Marsh

New York, NY

★ ★ ★ ★ ★

🔴 Wingo Markets: A Cautionary Tale. I’ve had it with Wingo Markets. They made my profits disappear without explanation and closed my account suddenly. Their customer service is non-existent, and I felt scammed. Avoid them at all costs! 🚫🔥💀

Adrian Namazi

London, UK

★ ★ ★ ★ ★

I’ve been using Wingo Markets for a while, but the withdrawal process is frustrating. It takes too long, around 2 hours, which feels insecure. The platform is decent, but the withdrawal issue is a major letdown.

Maria Gomez

Barcelona, Spain

★ ★ ★ ★ ★

Wingo Markets has a user-friendly platform that is easy to navigate. I appreciate their quick customer support and the range of trading tools available. While withdrawals could be faster, overall my trading experience has been positive.

John Smith

Toronto, Canada

★ ★ ★ ★ ★

Absolutely love Wingo Markets! The speed of execution is fantastic, and their customer service is very responsive. I’ve made some great profits thanks to their low spreads and excellent trading conditions. Highly recommend them!

Comoros Market