Winning Exchange is yet another shady operation pretending to be a professional trading platform. They have earned recognition from US authorities but not in a way that enhances confidence or trust.
Founders and employees of the organization have become ghosts and the social proof is pretty much a facade. Along with these traits, the official platform is down and the number of victims are estimated to be in hundreds if not in thousands.
As it is crucial for you to understand the actual way firms like these work, we have put together a few observations. Continue reading to know about this entity.
Winning Exchange in a Nutshell
Winning Exchange is apparently a regulated crypto trading platform from the US. The unique advantages provided by them appear to be slim to none. Note that at the time of publishing this post, their platform is not accessible to the public due to unknown reasons.
Even when they were at full swing, there was no clarity about the trading infrastructure or fees. Trading charges were not transparent and the odds were stacked against the user in every way imaginable.
Regulation and Safety
This platform claims to be a licensed crypto exchange operating from the USA. Clearly, they are trying to appeal to the local crowd and are going the extra mile by pretending to be regulated. Unfortunately, they don’t showcase any of the registration details or certificates to back up their claims.
Even on the database of financial regulatory authorities, there is no information about them. So, the fact that they are bluffing becomes more than obvious and that fact alone should serve as a reminder to us.
Is Winning Exchange Scam or Legitimate?
Winning Exchange is most likely a scam. We are not saying that because of the warning against them alone, it is because of the series of traits they exhibit. Lack of regulation is the biggest concern and the total lack of structure along with questionable background is a deal breaker.
If anyone ignores the obvious signs and still proceed with them, then sooner or later, they will regret their decision.
Social Proof and Testimonies
In general, whenever we do research about an exchange, we give importance to user feedback as they provide a degree of perspective. This platform has pages in a handful of platforms.
However, they haven’t got a big enough following or database which means you cannot give weightage to the claims. As a general rule of thumb, always question everything you see online and never place blind trust on entities for any reason.
Winning Exchange Review Conclusion
Winning Exchange is a platform plagued by allegations and nasty accusations. Though more solid evidence is needed to conclude the investigation, it is clear that they are not worth the investor’s time. Do yourself a favour by avoiding unregulated entities in this realm.
