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This web resource is meant for accomplished traders who are interested in changing their broker and also beginners who are in search of their first broker. Every visitor to ForexRating can compare forex brokers available in the market nowadays and choose the best company to suit their needs. Apart from a comparative analysis of forex brokers, the web resource contains an honest rating of forex brokers which are ranked entirely on the grounds of your votes. By ForexRating, you can judge a degree of trust that traders put in a particular forex broker.

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Forex Wings reviews

6/10 (votes 2374)

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On-line since: 2013
Country of origin: Saint Vincent and the Grenadines
Regulation: -
Payment options: wire transfer
Minimum account size: $100
Minimum lot size: 0.01 lot
Leverage: 1:500
Spreads: floating

Forex Wings (FW Markets) is a brokerage company that was registered in 2013 in Saint Vincent and the Grenadines. The broker has gained confidence of clients from all over the world due to its investment services of high quality. The company’s goal is to provide traders with a real opportunity to earn money on Forex. Its staff consists of traders and experienced and reputable specialists.

Trading conditions

Forex Wings offers a large number of trading instruments, including currencies, gold, silver, and various CFDs. To start trading on any account type, the company’s clients should deposit at least $100. Traders can choose from three account types such as Gold Account, Platinum Account, and DiamandPro Account. Future clients may compare features of all account types on the company’s official website. Any account can be opened within several seconds. Newbies can polish their skills trading on a demo account. The broker organizes contests for the holders of demo accounts whereas the live account holders can benefit from the $10 Live Welcome Bonus and the 50% Deposit Bonus.

The leverage ranges from 1:1 to 1:500. The average spread is 0.4 pip. Traders can apply scalping, hedging, and expert advisors with no limits. On the company’s website, traders can find economic forecasts and fresh analytics.

Trading platform

Forex Wings provides its clients with the most powerful and innovative trading platform MetaTrader4. The platform is available in the desktop and mobile versions.

Support service

Traders can contact the Support service by means of live chat on the company’s website, telephone number or email. The details can be found in the Contact Us section. There is no information on the working time.

Deposit and withdrawal

Traders can deposit and withdraw funds only by means of wire transfer. Commission for withdrawal varies from $25 to $30. According to the official website, a request for profit withdrawal is processed within one hour.

Comments left by traders

There are only few comments about the broker’s services. Moreover, all of them are negative. Traders complain about freezing of accounts and problems with the profit withdrawal.

Advantages and disadvantages of the company:

Pros:

wide array of trading instruments;
popular trading platform;
bonuses and contests for traders;
demo account;
rather small minimum deposit.

Cons:

offshore broker;
no information about working hours of the Support service;
only one way to deposit and withdraw funds;
high commissions for money withdrawal;
just few comments about the company’s services.

Conclusion

We have studied the official website and trading conditions of the Forex Wings broker. The company offers rather profitable currency market conditions, a lot of trading instruments, an innovative trading platform, and a welcome bonus program. However, th

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Comments about broker

Janos trader

review Forex Wings

04-01-22

I have a bad experience with Forex Wings No deposit bonus and service. After depositing $500, they gave me $50 to trade in the market. But when I make some profit then they canceled the bonus. When I asked the support, they told me the bonus validity is only for seven days. But when I had opened a mini account and deposited $500 dollars via Skrill, they didn't describe it anywhere. I think it is the broker's trick to deposit from the client. They think we are irritated traders only. Now I find the slow execution of the platform, slippage problems on their MT4 platform and their server went down frequently. So I don't recommend this broker at all.

Kanez trader

review Forex Wings

04-08-21

For security purposes, we should not be dealing with offshore companies. Forex Wings is an offshore broker and there is no guarantee that our funds would be safe. That is why despite their lucrative offers, I still decided not to open an account with them.

Lewber trader

review Forex Wings

18-05-21

I am not happy with Forex Wings broker as they just automatically closed by margin call my account on last Tuesday was due to a sudden spike and the market has reversed to a profitable situation. All my month's effort, time and money were all gone. I called their support and they are not willing to help out. I wouldn't recommend Forex Wings.

Senorita trader

review Forex Wings

15-04-21

Forex Wings is not a reliable and professional broker. I had lost about $500 in my account, and I didn't see any profit due to the worst trading platform and service. My profitable trades are always being closed out below my take-profit positions. I have understood that my loss was their income because I made two orders at the same pair and with the same T/P and S/L. One order I had set with 10 lots and another with 4 lots. The 4 lots deal ended up with the loss at the S/L level, but the 10 lots deal keeps on. Also, their customer service is horrible too, they are useless, and I didn't get any help from them.

Rami trader

review Forex Wings

17-11-20

Maybe it would be for the best if you will just stay away from FW Markets. I don't want to accuse it of being a fraud as there is no evidence yet but I had a huge problem with the withdrawal of my funds from this broker. I have been waiting for months already yet I am still not receiving my money. As of now, the company has also stopped responding to my messages.

Diclaim

Trading in the foreign exchange market and using leverage involve considerable risks and may cause a partial or complete loss of funds.

Make sure you possess sufficient skills and experience for this activity and are aware of possible risks.

Forex Wings reviews

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