WINGO

Overview of WINGO

WINGO, based in the Marshall Islands and founded within the last 1-2 years, offers a robust trading platform with access to approximately 400 cryptocurrencies and over 1000 financial instruments including Forex, metals, commodities, indices, stocks, and cryptocurrencies.

The platform features competitive trading fees with low spreads as low as 0.01%, serving various trading preferences through multiple account types. Despite operating without regulatory oversight in some jurisdictions, WINGO provides a wide range of payment methods and 24/7 customer support via email, phone, and social media.

Pros and Cons

Pros:

• Competitive fees with low spreads: WINGO offers competitive trading fees with low spreads across its wide range of financial instruments, which can significantly reduce trading costs for users.
• Access to over 1000 financial instruments: Traders have access to a wide portfolio of over 1000 financial instruments, including Forex, metals, commodities, indices, stocks, and cryptocurrencies. This variety allows for extensive diversification and the opportunity to capitalize on various market trends.
• Friendly mobile trading platform (MT5): The MT5 platform provided by WINGO supports advanced trading functionalities on mobile devices. It includes multiple timeframes, advanced charting tools, and the ability to execute trades swiftly.
• Multiple account types to suit various traders: WINGO offers a range of account types such as Standard, ECN, Raw, VIP, Social Trade, and Social Trade VIP. Each account type is tailored to different trading preferences and experience levels, providing options for both beginners and experienced traders.
• MetaTrader 5 platform for advanced trading: The MetaTrader 5 platform enhances trading capabilities with features like automated trading, advanced analytical tools, and support for algorithmic trading strategies. It is known for its robustness and versatility, empowering traders to execute trades efficiently and make informed decisions.
• 400 coins available for trading: WINGO supports trading in a wide array of cryptocurrencies, totaling 400 coins. This extensive selection allows traders to access major cryptocurrencies like Bitcoin and Ethereum, as well as numerous altcoins.

Cons:

• Unregulated: WINGO operates without regulatory oversight in some jurisdictions, which may pose potential risks to traders in terms of investor protection and recourse in case of disputes or operational issues.

Regulatory Authority

WINGO is regulated by the Financial Crimes Enforcement Network (FinCEN) in the United States, holding an exclusive license.

This regulatory status is marked as “Exceeded,” indicating that the platform has met or exceeded the regulatory requirements set forth by FinCEN. This designation underscores WINGO's commitment to adhering to strict financial regulations, particularly in combating money laundering and ensuring compliance with anti-money laundering (AML) laws.

Security

WINGO implements robust security measures to protect the trading activities and personal information of its users using the MetaTrader 5 (MT5) platform.

MT5 itself employs advanced encryption protocols to secure data transmission between the trader's device and WINGO's servers, safeguarding against unauthorized access and data breaches.

Cryptocurrencies Available

WINGO offers a wide range of cryptocurrencies for trading, totaling 400 coins with competitive spreads.

This includes well-known cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP), alongside a wide array of altcoins and tokens.

Trading Market

WINGO offers access to over 1000 financial instruments across various asset classes with competitive spreads and commissions.

In Forex, trade 182 FX spot pairs and 140 forwards, spanning majors, minors, exotics, and metals, with spreads as low as 0.1 pip.

Metals trading includes gold, silver, copper, and platinum, with spreads starting from 0.8 pip.

Commodities like USOIL feature spreads from 0.3, available as CFDs, futures, options, and spot pairs. Indices such as US500 offer spreads as low as 0.4, with over 100 instruments for long or short positions.

Stocks from major global exchanges are accessible, with spreads starting from $3.

Additionally, Crypto trading boasts spreads as low as 0.01%, ensuring competitive rates for digital asset trading.

Fees

WINGO offers competitive trading fees. For Forex, spreads start as low as 0.1 pip, while Metals have spreads from 0.8 pip.

Commodities feature spreads starting at 0.3 on USOIL. Indices like US500 offer spreads as low as 0.4, and Stocks trading starts from $3 per trade on US stocks.

Cryptocurrency trading boasts spreads as low as 0.01%.

Payment Method

WINGO supports various payment methods, including B2Bin PAY, TM Advcash, Visa, and Mastercard, offering flexibility for depositing and withdrawing funds securely.

For the Standard Account, the minimum deposit is $100, with no commission on deposits and normal spreads.

The ECN Account requires a $500 minimum deposit, featuring low commissions and tight spreads. The Raw Account demands a $2,000 minimum deposit with very low commissions and raw spreads.

The VIP Account, requiring a $10,000 minimum deposit, offers tight commissions and raw spreads from 0 pips.

Additionally, there's the Social Trade Account with a $200 minimum deposit and no commission, while the Social Trade VIP Account requires a $5,000 deposit with a $6 commission per lot.

How to Buy Cryptos？

To buy cryptocurrencies on WINGO using MT5, follow these six steps:

• Account Setup and Funding:
• Ensure you have a funded WINGO account, selecting an appropriate account type that supports cryptocurrency trading.
• Deposit funds into your WINGO account using one of the supported payment methods.
• Access MT5 Trading Platform:
• Log into your WINGO account and access the MT5 trading platform. If you haven't installed it, download MT5 from WINGO's website and log in with your credentials.
• Select Cryptocurrency Pair:
• Within MT5, navigate to the Market Watch or Symbols section.
• Locate the cryptocurrency pair you wish to trade, such as BTC/USD or ETH/BTC. Right-click on the pair and select 'Chart Window' to open a price chart.
• Place a Buy Order:
• On the MT5 platform, right-click on the chart or go to the 'Trade' tab in the Terminal window.
• Select 'New Order' to open the trading order window.
• Choose 'Buy' as the type of order and enter the volume (amount) of the cryptocurrency you want to purchase.
• Set other parameters such as stop loss and take profit if desired, and confirm the order.
• Monitor and Manage Your Trade:
• Once your buy order is executed, monitor the trade in the 'Trade' tab of the Terminal window.
• Watch price movements on the chart and manage your position by adjusting stop loss, take profit, or adding to your position as needed.
• Close Your Trade:
• When you decide to sell your cryptocurrency holdings, repeat steps 3 and 4, but select 'Sell' instead of 'Buy' in the order window.
• Close your trade either manually or automatically based on your trading strategy and market conditions.


Services

WINGO offers a variety of services to support traders and enhance their trading experience. The platform provides a FAQ section, addressing common queries and providing clarity on account management, trading conditions, and technical support.

Their Blog serves as a resource hub, offering market insights, trading tips, and updates on financial trends to help traders make informed decisions.

Additionally, WINGO offers access to the MT5 platform, equipped with advanced trading tools and features like multiple timeframes, order types, and strategy testing capabilities.



WINGO APP

The MT5 mobile app provided by WINGO enhances trading capabilities with advanced features built on Metaquotes' MT4 foundation. It offers traders access to 21 different timeframes for chart analysis, supports 6 pending order types for precise trade execution, and provides options for both hedging and netting strategies. The platform also includes a multi-thread strategy tester tailored for expert advisors (EAs), enabling traders to optimize automated trading strategies efficiently.

To download the MT5 mobile app from WINGO, visit the Google Play Store for Android devices or the Apple App Store for iOS devices, search for “MetaTrader 5,” and follow the installation prompts provided by the store.



Is WINGO a Good Exchange for You？

WINGO is the best exchange for active traders who prioritize a wide range of tradable assets, including cryptocurrencies and traditional financial instruments. With competitive fees, low spreads, and advanced trading tools like MetaTrader 5, WINGO appeals to traders focused on maximizing their trading strategies across various markets and asset classes.

WINGO may appeal to several target groups based on its offerings and operational focus.

Firstly, experienced traders who value a wide range of financial instruments and cryptocurrencies could find WINGO attractive. The platform's access to over 1000 assets, including various cryptocurrencies and traditional financial instruments, accommodates sophisticated trading strategies and portfolio diversification needs.

Secondly, active traders who prioritize competitive trading conditions, such as low spreads and multiple account types, might find WINGO suitable. The availability of the MetaTrader 5 platform enhances trading capabilities, appealing to those who rely on advanced charting tools and automated trading features for efficient decision-making.

Customer Support

WINGO provides 24/7 experienced customer support accessible via email at support@wingomarkets.com, phone at +35725591367, and through social media channels.

Traders can rely on prompt assistance from knowledgeable staff to address inquiries and resolve issues effectively, ensuring a responsive and supportive trading environment.



FAQ

How many cryptocurrencies are available on WINGO？

WINGO offers trading access to approximately 400 cryptocurrencies, providing a broad selection for traders.

What are the minimum deposit requirements for WINGO accounts？

Minimum deposit requirements vary by account type on WINGO: Standard accounts start from $100, while VIP accounts require a minimum deposit of $10,000.

What are the trading fees on WINGO？

WINGO features competitive trading fees with spreads starting as low as 0.1 pip for Forex pairs and 0.01% for cryptocurrencies, ensuring cost-effective trading conditions.

How can I contact customer support at WINGO？

WINGO offers 24/7 customer support via email at support@wingomarkets.com, phone at +35725591367, and through social media channels.

Does WINGO provide a mobile trading platform？

Yes, WINGO supports mobile trading through the MetaTrader 5 (MT5) platform, available for download on both Android and iOS devices.

Is WINGO regulated？

WINGO operates from the Marshall Islands and is currently unregulated, which may affect the level of investor protection compared to regulated exchanges.

Risk Warning

Cryptocurrency exchange investments come with inherent security risks. It is important to be aware of these risks before engaging in such investments. Cryptocurrency exchanges are susceptible to hacking, fraud, and technical glitches, which can result in the loss of funds. It is recommended to choose reputable and regulated exchanges, stay updated on security measures, and be vigilant in detecting and reporting any suspicious activities. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.