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Gowin Markets Review – is it scam or safe?

Gowin Markets Review  – is gowinmarkets.com scam or safe forex broker?

RATING: 2 / 1 REVIEWS Gowin Markets
Gowin Markets is an offshore broker. Your money is not safe.

RECOMMENDED FOREX BROKERS


 Trading accounts

 

 

Account type Minimum deposit Minimum trade size Maximum leverage Average spreads
Startup $100 0.01 lots 1:1000 From 2.5 pip
Swiss $1000 0.01 lots 1:1000 From 0.9 pip, $6
Wall Street $5000 0.01 lots 1:500 From 0.0 pip
Freedom $50 000 0.1 lots 1:50 From 0 pip, $3

 


Gowin Markets offers a wide selection of live trading accounts. Some of them, like the Wall Street and Freedom account also have a swap-free option, which supposedly makes them suitable for traders observing the Sharia law. The Freedom account also comes with the option to earn 3% a year the account “due to Swiss franc appreciation”, with terms and conditions applying. The broker also offers a Diamond account – tailored for those who do not find the conditions of the standard accounts suitable to their needs or have special requirements.

 

There is also a free demo account, but the link to opening one does not seem to work.


 

The Company. Security of Funds

 

Company Country Regulation
Gowin Limited UK No

 

 

Gowin Markets is a forex broker based in the UK, but is not regulated by the country's FCA. It is a relatively new broker that launched in 2016 and perhaps this is the reason it is not regulated.

 

Judging by the language options on its website, it is mostly aimed at the Chinese-speaking market. The company explicitly says it does not accept clients from Japan and the US.

 

Trading platforms

 


Gowin Markets offers just one trading platform – MetaTrader 4 (MT4) with its desktop, web and mobile applications. It is one of the oldest and most popular trading platforms. It is preferred by brokers and traders alike as it has many functionalities and is stable and user friendly.

 

Methods of payment

 

Gowin Markets has a fairly standard set of funding options: bank transfer, credit/debit cards and Neteller and Skrill. Like other brokers it does not accept payments through PayPal, but accepts deposits through Qiwi, WebMoney and China UnionPay.

 

Conclusion

 

What is interesting about Gowin Markets is that it offers many types of live trading accounts that could cover the needs of most traders. Its initial deposit is not too high and the other trading conditions are more than acceptable.

 

The downside is that it is not regulated and this poses significant risks, as unregulated brokers are not required to abide by any rules that would provide traders with security and peace of mind. Also, it appears that its website is somewhat incomplete and lacks some information. This could be explained with the fact that it is a new forex broker.

 

Nevertheless, there are other forex brokers with similar or even better trading conditions like FXTM that are regulated and it would be safer to deal with them, rather than with unregulated brokers. 

 

Pros Cons
MT4 Unregulated
High leverage  

 

 

Latest news about Gowin Markets
No news about Gowin Markets. Check back later.
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Traders` reviews for Gowin Markets

Spread

Pros

Cons

 

 

Slippage

Pros

Cons

 

 

Requotes

Pros

Cons

 

 

Price feed

Pros

Cons

 

 

Platform

Pros

Cons

 

 

Deposit/Withdraw

Pros

Cons

 

 

Customer service

Pros

Cons

 

 

Summary

Pros

Cons

 

 

Gowin Markets appropriated 74,000$ of 9 traders

Gowin Markets appropriated 74,000$ of 9 trader. Website denounces Gowin Markets of 9 trader: http://gowinmarkets-luadao.com/

Hoàng Trọng 10/10/2018
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