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Winbitx Review: A Risky Investment Platform

Winbitx Review: A Risky Investment Platform

Winbitx claims to provide investors with a robust trading platform. The sales tag is Win Bit X will provide a safe investment platform. Unfortunately, transparency is not on the table as the platform fails to inform users of their license status. Winbitx.com does not comply with industry regulations. And thus, it puts your investment at risk. Here’s what we found out in our detailed WINBITX REVIEW.

A Clear Review of Winbitx

Winbitx Review

The platform claims to have always thought of doing the best for traders. On their why-us page, the platform claims to have been founded by a team of professional traders. However, it would be best to note that the platform fails to mention even a single founding member.

On the company page, the platform promises to take a futuristic approach to trade. And this is aided by the imagery available on the platform. It would make anyone believe what the platform sells.

Where are the red flags, you might ask? Well, there are plenty of red flags found on the platform. Winbitx does its best to hide them by covering them up with trading information. Thanks to our keen eye, we will help expose the red flags.

You should invest with proven platforms that guarantee safety of funds. There are innovative means of investing that promise realistic returns. Have you heard of coin staking, DeFi, and Masternoding? It’s what you should get in on.

Winbit X is only looking to take advantage of investors. You don’t need to sign up with the platform to know the results. There are plenty of negative reviews done on the platform. And there’s a reason members are unhappy with the platform.

Before committing funds to a platform, you need to do due diligence. Do some recon and find out whether a platform is legit. One way is by reading our reviews on crypto and forex investment platforms.

Accounts and packages Winbitx

Winbitx offers a barrage of account types. You also get the option of choosing an Islamic account on any standard account. There are seven accounts on offer. The seven include Bronze, Silver, Gold, Platinum, Diamond, Premium, and VIP.

Let’s take a closer look at each of the seven accounts

Bronze

It’s the most basic account with members having to deposit 10,000 Euros or equivalent. The platform has a high depository amount for their basic account. Regulators have set 250 Euros as the acceptable minimum deposit.

Silver

For the silver account, you have to deposit 25,000 Euros. Some of the available features worth mentioning include market reviews and social trading.

Gold

You have to deposit 50,000 Euros to start using the gold account. Members get one risk-free trading and a personal assistant.

Platinum

There’s a minimum allowed deposit of 100,000 Euros. In addition, members get 3 risk-free trades and a customized account. You also get a personal assistant.

Diamond

For the diamond account holder, they must deposit 250,000 Euros. In addition, the account comes with a trading specialist and exclusive market updates.

Premium

There’s a minimum set deposit of 500,000 Euros for members of this account. In addition, members get premium algorithmic trading and education packages.

VIP

It’s the most exclusive account, with members having to deposit 1M Euros. The account’s notable features include exclusive assets and having a premium account manager.

Winbitx Account Types

Account Managers

You might think that having an account manager with Winbit X is helpful. But, far from it, these account managers are soliciting funds from investors. Instead, the account managers will call you with claims of having a lucrative investment opportunity.

To sweeten the deal, the account managers claim there are limited positions available. These account managers make you feel special and urge you to deposit with them. Then, all you have to do is wait for the profits to soar.

After a few days or weeks, you notice the account manager has gone silent. The calls stop coming in, and the money is lost. When you call or email, the platform claims the account manager is on leave.

And this is when you realize the entire platform is a charade. No one gets to profit from trading as withdrawal is not possible. Any investment offer along the way is non-existent. Account managers are only soliciting more funds from naïve investors.

Affiliate program

There’s an affiliate program on offer. Yes, it’s best to earn passive income as an affiliate marketer. Unfortunately, it’s not so when it comes to platforms that block withdrawals. Victims will point the finger at you for directing them to a known scam.

Bonus and promotions

The platform offers several bonuses, including initial and ongoing deposits. However, there’s no mention of the percentage available. We believe the platform is using this method to garner interest from investors.

Industry regulators are against platforms that offer such bonuses. The reason is these bonuses end up hurting investors. You won’t get to withdraw funds unless you pay back in full the bonus amount.

Business proprietor

As we mentioned earlier, the platform fails to inform users of who owns or runs the platform. For example, we don’t have the names of staff members or founding members. And this makes Winbit X an anonymous forex investment platform.

Avoid any anonymous investment platform as recovering funds is next to impossible. Make sure the platform you want to invest in is reliable and transparent. There’s a good reason why they hide the owners hide their actual names.

Customer support

Despite claiming to use technology to their advantage, they seem to operate in the dark. For example, there’s no live chat support or direct means of communication. Instead, the platform offers a FAQ section under their contact page.

Winbit x Contact and Support

We don’t even get to see a phone number where you can make direct calls. Only members get a welcome email when they register. There’s no return address found on the platform. And this points to a platform trying to control the communication process.

Deposit and withdrawal

You can only fund your account using bank and wire transfers. For crypto users, there are no crypto depository options. After registering, members get an email with bank account details of where to deposit funds.

The amount will reflect on your account within 24 hours. At times, the platform claims not to have received the amount. After that, you will start trading and eventually want to withdraw funds. And this is when the platform shows its true colors.

No one has managed to withdraw funds for the past few weeks. The platform is silent on why there are withdrawal delays. Kindly make sure to stay away from the platform or risk losing your entire funds.

License and Registration Winbitx

Winbitx is not a licensed forex investment platform and does not hold any documents. The platform is a complete hoax and should not be trusted with funds. You will end up becoming another victim.

When investing, make sure to go for platforms regulated by reliable institutions. These include ASIC, BaFIN, CNMV, CONSOB, CySEC, FCA, NFA, and the SEC. The regulators ensure all parties follow strict guidelines.

Safety of funds Winbitx

Is Winbitx.com licensed or Registered?

Fund security is out of the question as the platform does not comply with requirements. For example, Winbitx does not deposit the required amount to start a forex trading service. And this means regulators don’t have insurance cover for deposits made.

In the event of bankruptcy, no one will receive any compensation.

Bottom line

We won’t recommend using Winbitx due to the security aspects of funds. There’s no insurance cover to protect members.

For those looking for a proven and safe way to invest, check out innovative investment opportunities. For example, try coin staking, DeFi, and Masternoding.

Feel free to leave a comment or write to us with any queries.

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