Thinking of getting into business with Try Win Traders? Here is what you must know about this broker. Carefully read this review to find out if trywintraders.com is the trading platform you will want to trade with.

About Try Win Traders Broker

Try Win Traders is an offshore brokerage company with a lot of promises for traders. The broker address shows it is from Saint Vincent and the Grenadines.

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Address

There are different account types the broker offers.

Account Types

To clarify, regardless of the trading instruments Try Win Traders claims to offer, traders must know they are dealing with an unknown broker which does not have a regulation over its head.

trywintraders.com: Reasons to Avoid This Broker

Firstly, trywintraders.com is a platform with no financial authority overseeing its financial services. Thus, the regulation claims is not true as Saint Vincent and the Grenadines is known for not monitoring or regulating brokers. This opens the room for scammers to claim financial services. We further checked the data-base of Financial Conduct Authority UK and found the broker to be an unlicensed entity.

Warning

Secondly, we noticed trywintraders.com has a free account for traders. We advise you don’t waste your time on that, so you don’t get lured into trading real fund with this unregulated broker.

More so, this broker does not offer money back guarantee which means trading on such platform is clearly a risk as your money cannot be refunded.

These are cons for forex traders to avoid losing money with this scam broker. It is always advisable you check for regulated and licensed broker on financial authorities websites before depositing fund for trading.

Withdrawal and Deposit

Withdrawal process

Under withdrawal policy, Try Win Traders withdrawal process takes 1 business day with a withdrawal fee of 2% for Credit cards and 1%-2% fee on any ewallets. Also, the broker discusses withdrawal less than $50 will be charged an extra $30.

Minimum Deposit

Try Win Traders minimum deposit is not available.

As for the payment methods, the broker accepts Credit/ Debit cards, Bank Transfer, Neteller, Skrill and more. Truly, you should not consider making any payment with this broker because it is a risk. So beware!

Try Win Traders Platform

Try Win Traders offers web based trading platform and not MT4 or MT5 (Industry standard trading platforms) which gives us more reason not to take this broker serious.

As for the leverage, it can get up to 1:1000. Nevertheless, we say don’t consider doing that with an unregulated forex broker like this one because you stand the chance of losing your money.

Try Win Traders Licensing and Regulation

It is not far from believing that this broker is not a licensed brokerage firm. It is not under any financial regulation which means wiring your money for trading is risky. Its unlicensed and unregulated activities are truly a red flag and must be avoided.

Instead, Trade with TOP RATED BROKERS



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Licensed in UK(FCA), Dubai(DFSA), St Vincent and the Grenadines, Cyprus(Cysec) and Cayman Islands

Accepts Traders Worldwide

Minimum Trade Deposit $100

Maximum Leverage
1:500

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Minimum Trade Deposit $100

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Licensed in Australia(ASIC) and Cyprus(Cysec)

Accepts Traders Worldwide

Minimum Trade Deposit $100

Maximum Leverage
1:500

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Conclusion: Is trywintraders.com a Reliable Broker?

No, trywintraders.com does not seem like a reliable broker for traders even though it promises offers that look good to be true.

Most importantly, the broker is unregulated which means it is not authorized to operate in any regulated country and you should definitely not put any money into it.

Because we have taken it as a duty to find out scam forex brokers and also share reasons, we will not recommend this broker for trading.

Kindly share your comment about this broker in the comment section.

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By Dan

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