Whintex Review – What Exposes This Company As a Fraudster?

We must first check its regulatory oversight to understand if the company can be trusted. But also legal information. This investment firm is operated by Whintex Capital Limited and is located in Toronto, Canada.

Since the company claims to be in multiple business registers all over the world, there shouldn’t be issues with them. But if that’s true, we are about to reveal it in this Whintex review.

Broker status:	Unregulated exchange
Regulated by:	No regulations
Operating Status:	Active crypto investment scam
Known Websites:	https://Whintex.com/
Blacklisted by:	N/A
Owner:	Whintex Capital Limited
Headquarters Country:	Canada (allegedly)
Foundation Year:	2023
Online Trading Platforms:	Web-based
Mobile Trading:	Not available
Minimum Deposit:	N/A
Deposit Bonus:	N/A
CFD Trading Option:	No
Crypto Asset Trading:	Yes – BTC, ETH, XRM
Available Trading Instruments:	Cryptos
Maximum Leverage:	N/A
Islamic Account:	Not available
Free Demo Account:	Not available
Accepts US clients:	US clients are accepted
Global Fraud Protection Experts’ Verdict:	With all the shady trading conditions and trading platforms, traders should be extremely aware of the dangers of trading with this firm. Due to regulatory status, withdrawals are highly questionable as well. But if you experience any issues, feel free to contact us for advice.

Is Whintex Legit or a Scam?

As mentioned, Whintex exchange claims to hold compliance licenses of MSB US, MSB Canada, and AUSTRAC. However, it appears that all these are fake statements designed to manipulate inexperienced traders. If you check any of those registers, you won’t find records of Whintex Capital Limited anywhere.

To be fair, there is Whintex Capital Group Limited in the MSB Canada database. Yet with a different address. Another problem is that MSB stands for Money Service Business. Therefore, those are not regulators. Instead, the company should obtain an IIROC or CFTC license, which they don’t have. Another key problem is that zero Whintex reviews are publicly available.

How Does Whintex Work?

Everything about this firm looks like manipulation, starting with the aforementioned regulation. On top of that, they are hiding platform and investment conditions from users. Therefore, who would deposit with them? Very often, companies like Whintex exchange run shady advertisements on social networks.

Once traders register, they will get redirected to the platform itself. That’s where all the magic starts, and the company’s staff tries to make clients deposit more money. On top of that, contact options are only available to registered users. Consequently, it all leads to leaving your phone details to this swindler. If you did and they got your money, contact our refund specialists as soon as possible.

Who Are Whintex Victims?

Since there are no reviews available, we encourage anyone with experience to share their opinion below. Especially if you are coming from the countries they are targeting the most, in this case:

• United States
• Canada

Also, these countries have quite strict financial regulations. If you experience any problem, you can also report it to local regulators and help expose this scam faster.

What Are Trading Platforms Available?

All the Whintex trade options are only available on its web-based platform. Even though it’s locked for the public, you can get a quick insight into it.

Practically, there are only a few basic trading features available. Fairly, it is not comparable with any other exchange.

Is the Whintex Mobile Trading App Available?

Trusted mobile apps can play a huge role in choosing a crypto exchange. Yet, it shouldn’t be a dealbreaker. If you are not sure about it, check our OrangeX review, and you will see why.

In any case, Whintex company doesn’t offer any trusted iOS or Android apps. Consequently, you can forget about top-notch security.

What Financial Instruments Does The Platform Include?

All the company’s features are related to crypto trading. Yet, it looks like the company is offering mainly spot trading features and not exchange. In any case, traders can trade most of the popular assets like:

• BTC
• ETH
• DOT
• XRM
• XRP and a few more.

Account Types Offered by Whintex

Usually, crypto exchanges have various benefits for loyal customers. For instance, the ones that have higher 30-day trading volume. This encourages customers to trade more and get fairly better conditions.

Yet, with scam exchanges, that’s designed just to extort more money. However, with Whintex company, none of that information is publicly available. So be careful.

Can a Trader Use a Whintex Demo Account?

Obviously, all features are locked for a reason. Otherwise, traders would quickly realize why not to invest in this firm. In any case, if the company offers spot or margin trading, demo accounts would be suitable options.

Whintex Fees, Spreads, Leverage and Commission

Important to realize is that all investment conditions are hidden with the Whintex crypto exchange. Neither are maker and taker fees revealed. Definitely, after all these warning signs, there’s not a single reason to trust this firm.

Still, there are companies revealing fees transparently. However, they still end up scamming traders due to missing regulations. You can see a perfect example in our LeverageSix review.

Is the Whintex Welcome Bonus Available?

In general, trading bonuses are not unusual in the trading world. Yet, exchanges offer it mostly when new altcoins are listed. In the case of the Whintex exchange, such details will remain unknown since their policies are not transparent.

Is Whintex Withdrawal Possible?

Another thing missing is the Whintex withdrawal procedure. In the end, that’s one of the most important things traders have to consider.

What can you expect if the process, fees, and processing time are not transparent? Only to get scammed, which is exactly what happens with this exchange. Especially if they require you to purchase crypto or transfer crypto to your account.

What Should I Do If I Have a Whintex Problem?

Since the Whintex scam exchange presents itself as Canadian-based, your first contact option should be Canadian authorities. But also, you can start with the ones available in your country of residence.

Regardless of the country you are coming from, you should track down your crypto. For that, you can use our services and CipherTrace tool for the fastest results. Contact our refund specialists today to find out what the whole process looks like!