Do not trust
34 out of 100 · 98% checked
Our investigation found it is likely a scam, and its client terms carry high risk, with 6 critical clauses.
We checked Wingo Markets on 2026-10-30 across its company record, client terms, trading offer and service, and could verify 98% of its record. The score of 34 is what the checked record adds up to; nothing held it down. What would move the score: withdrawal rails, wikilix community. Our published investigation found it is likely a scam, with 3.4 years of track record. Its client terms carry high risk, with 6 critical clauses. Trading EURUSD costs about 1.8 pips all-in, spread and commission together.
Score last calculated 2026/10/30
Wikilix independent safety report
Wingo Markets is not a clone and it does hold one real licence, but we rate it a likely scam at 70 percent risk: clients on several platforms describe profits being deleted and accounts closed once t…
Risk scorecard · each area scored 0 (clean) to 10 (worst)
What Wikilix has recorded about Wingo Markets: its history, the licences it holds, its trading conditions and its fees.
Wingo Markets is the trading brand of Wingo Group LTD, a company registered in the Comoros and presenting a business address in Limassol, Cyprus alongside an address on the island of Mohéli. The broker offers leveraged forex and CFD trading on a single platform, MetaTrader 5, with entry deposits from USD 5 on its copy trading tier and USD 50 on its entry level Starter account, variable spreads and leverage up to 1:500. Its regulatory standing is offshore, and the caveats attached to that standing matter more here than the trading terms.
The operating entity on record is Wingo Group LTD, company number HY00523010, registered in the Comoros. The broker's licence on record is an International Brokerage and Clearing House licence, number T2023302, issued in the Comoros by the Moroni International Services Authority (MISA) through the registrar of the autonomous island of Mwali. The record shows the licence listed as active on that register, with a certificate term running from 14 June 2023 to 14 June 2025 and no renewal published since. This is an offshore authorisation obtained through a company registrar rather than conduct supervision of a trading business: there is no audit of client money, no compensation scheme and no complaints body behind it.
Wingo Markets also displays a United States Treasury emblem on its website and, elsewhere, a United States money services business registration number, 31000253973445. A money services business registration is an anti money laundering filing, not permission to operate a brokerage or hold client trading funds, and no matching entry for that number or for the Wingo name was found on the registry's own public search.
Wingo Markets is regulated only offshore, and only to the limited extent an International Brokerage licence in the Comoros represents. It holds no licence from a mainstream onshore authority such as the FCA, CySEC, ASIC or a United States futures regulator, so a client of Wingo Markets has none of the protections those regimes provide.
Client protection at Wingo Markets is weak by construction rather than by accident. The single licence on record carries no compensation scheme, no enforceable client money segregation and no independent body to appeal to, its recorded term has passed without a published renewal, and the additional United States registration the brand presents is not a trading permission at all. The corporate picture is also split across jurisdictions, with a Comoros registration, a Cyprus office address and a client portal advertising into markets where onshore access to leveraged trading is restricted. Anyone considering an account should treat the deposit as fully at risk and size it accordingly.
Four live tiers are offered, separated mainly by entry deposit and commission:
All four carry the same 1:500 maximum leverage. No swap free account is offered.
Spreads are variable and average around 1.5 pips. Against the per lot charges above, the Social Trade tier is the most expensive per round turn despite its low entry deposit, while the Starter tier carries no commission at all. Wingo Markets states that it applies no internal deposit or withdrawal fee, though card issuers, e wallet providers, intermediary banks and blockchain networks may still charge.
Maximum leverage is 1:500 across all account tiers. That is far above the caps applied in most onshore jurisdictions and it magnifies losses as readily as gains.
MetaTrader 5 is the only platform, supplied as a Windows terminal, iOS and Android apps and a browser based WebTrader, with Expert Advisor support and integrated copy trading. There is no MetaTrader 4, no cTrader and no proprietary terminal.
Funding runs mainly through cryptocurrency and e wallets. Wingo Markets names USDT on the TRON, BNB and Polygon networks, the ADVCash and Volet e wallets and card payments among its funding routes, and refers to bank transfer only in general terms rather than listing it as a channel. Cards appear among the deposit methods, while the withdrawal routes the broker names are cryptocurrency, USDT on TRON and ADVCash, so a card deposit will not necessarily come back the same way. The broker states that it applies no internal deposit or withdrawal fee, that there are no withdrawal limits and that withdrawals are paid in USD, and it publishes no minimum or maximum for any individual method.
Support is reachable by live chat during market hours, by email at support@wingomarkets.com and by telephone on +382 20438051, with a stated reply time of 24 hours. Support correspondence is in English, and the website is also published in Persian. Account opening runs through the broker's own client portal rather than the main website.
Pros: a low USD 50 entry deposit and a USD 5 copy trading tier, MetaTrader 5 across desktop, mobile and browser, funding by several USDT networks and e wallets as well as cards, and no broker side funding fees.
Cons: offshore licensing only, with a recorded licence term that has passed without a published renewal; a United States registration presented alongside it that is not a trading licence and was not matched on the registry's own search; no compensation scheme or enforceable client money protection; leverage of 1:500 with no swap free option; and a corporate footprint split between the Comoros and Cyprus.
Wingo Markets is a low barrier, MetaTrader 5 only offshore broker whose commercial terms are competitive and whose regulatory backing is thin. The decisive consideration before funding an account is not the spread or the commission but the fact that the only licence on record is a Comoros International Brokerage authorisation whose recorded term has lapsed without a published renewal, leaving no supervisory body with an interest in how client money is handled. Traders who need recourse if something goes wrong should look to an onshore regulated firm instead.
Wingo Markets's typical spread on EURUSD is 1.43 pips, measured on a real trading account. We read every price the broker sends and weight each spread by how long it actually held — across 10 instruments and 50M quotes so far.
Tap an instrument to add it to the chart. Hover the lines for the exact reading at that moment.
Above 2.50 pips the scale compresses, so one rollover window does not flatten the rest. The widest reading in view is 8.66 pips.
| Instrument | TypicalThe average spread, weighted by how long each one actually held rather than by how many quotes were sent. Read every 10 minutes. | UsualThe median: half the readings were tighter than this, half were wider. | Bad momentsThe 95th percentile — one reading in twenty was worse than this. | BestThe tightest reading recorded. | WorstThe widest reading recorded. Spreads usually widen at the daily rollover and around news. | QuotesHow many individual price updates from the broker these figures are built from. A bigger number means a steadier measurement. |
|---|---|---|---|---|---|---|
| EURUSDEURUSD | 1.43 pips | 1.41 | 1.54The 95th percentile — one reading in twenty was worse than this. Widest at Oct 5, 21:00 UTC. | 0.10Tightest at Oct 16, 10:00 UTC. | 9.70Widest at Oct 5, 21:00 UTC. | 3.8MFrom 7470 ten-minute windows that passed the completeness check. |
| GBPUSDGBPUSD | 1.66 pips | 1.57 | 2.09The 95th percentile — one reading in twenty was worse than this. Widest at Sep 13, 21:50 UTC. | 0.10Tightest at Sep 13, 22:10 UTC. | 20.6Widest at Sep 13, 21:50 UTC. | 5.3MFrom 7550 ten-minute windows that passed the completeness check. |
| USDJPYUSDJPY | 1.64 pips | 1.59 | 1.96The 95th percentile — one reading in twenty was worse than this. Widest at Sep 23, 21:50 UTC. | 0.10Tightest at Sep 10, 06:10 UTC. | 18.1Widest at Sep 23, 21:50 UTC. | 5.3MFrom 7522 ten-minute windows that passed the completeness check. |
| USDCHFUSDCHF | 1.66 pips | 1.65 | 1.79The 95th percentile — one reading in twenty was worse than this. Widest at Sep 6, 21:10 UTC. | 0.10Tightest at Oct 2, 12:30 UTC. | 28.8Widest at Sep 6, 21:10 UTC. | 3.2MFrom 7461 ten-minute windows that passed the completeness check. |
| USDCADUSDCAD | 1.55 pips | 1.53 | 1.69The 95th percentile — one reading in twenty was worse than this. Widest at Sep 30, 21:20 UTC. | 0.10Tightest at Oct 8, 11:30 UTC. | 16.4Widest at Sep 30, 21:20 UTC. | 3MFrom 7388 ten-minute windows that passed the completeness check. |
| AUDUSDAUDUSD | 1.47 pips | 1.45 | 1.59The 95th percentile — one reading in twenty was worse than this. Widest at Oct 22, 21:40 UTC. | 0.10Tightest at Sep 23, 14:30 UTC. | 12.8Widest at Oct 22, 21:40 UTC. | 2.6MFrom 7488 ten-minute windows that passed the completeness check. |
| NZDUSDNZDUSD | 1.52 pips | 1.49 | 1.67The 95th percentile — one reading in twenty was worse than this. Widest at Sep 29, 21:40 UTC. | 0.10Tightest at Oct 28, 01:10 UTC. | 19.9Widest at Sep 29, 21:40 UTC. | 2.9MFrom 7456 ten-minute windows that passed the completeness check. |
| EURGBPEURGBP | 1.81 pips | 1.76 | 1.95The 95th percentile — one reading in twenty was worse than this. Widest at Sep 13, 21:10 UTC. | 0.10Tightest at Oct 1, 15:30 UTC. | 15.9Widest at Sep 13, 21:10 UTC. | 2.7MFrom 7517 ten-minute windows that passed the completeness check. |
| EURJPYEURJPY | 2.49 pips | 2.42 | 2.79The 95th percentile — one reading in twenty was worse than this. Widest at Sep 13, 21:20 UTC. | 0.10Tightest at Sep 11, 12:40 UTC. | 33.9Widest at Sep 13, 21:20 UTC. | 6.9MFrom 7598 ten-minute windows that passed the completeness check. |
| XAUUSDXAUUSD | 22.7 points | 22.8 | 23.5The 95th percentile — one reading in twenty was worse than this. Widest at Sep 28, 19:40 UTC. | 14.0Tightest at Sep 22, 08:50 UTC. | 65.0Widest at Sep 28, 19:40 UTC. | 14.3MFrom 7264 ten-minute windows that passed the completeness check. |
10 full-page captures of Wingo Markets's own site, archived so what they said can still be read after the pages change.
We have not confirmed any regulation for Wingo Markets. Money deposited with an unregulated broker is protected only by the company itself.
Trading with an unregulated broker puts your deposit at risk.
We have not confirmed any regulation for Wingo Markets. An unregulated broker is not supervised by a financial authority, and money you deposit is protected only by the company itself.
What this means for you
4 account types on record. Minimum deposit from USD 5. Leverage up to 1:500.
| Account | Min Deposit | Max Leverage | Commission |
|---|---|---|---|
| StarterBasic · Standard | USD 50 | 1:500 | Zero commission |
| ECNECN | USD 500 | 1:500 | $3 per lot per side |
| ProPro · VIP | USD 5,000 | 1:500 | $2 per lot per side |
| Social TradeSocial · Copy & Managed | USD 5 | 1:500 | $5 per lot per side |
Where Wingo Markets says it will and won't take clients
No country restrictions on record. We looked and found nothing published — which is not the same as being open to everyone. Check Wingo Markets's terms.
7 ways to fund an account. 7 with no deposit fee. 6 credit instantly.
| Method | Deposit fee | Withdrawal fee | Min deposit | Withdrawal min / max | Processing |
|---|---|---|---|---|---|
Crypto (USDT-TRX)CryptocurrencyWingo Markets states it charges no internal deposit or withdrawal fees, though external provider or network charges may apply. No per-channel minimum or maximum amount is published, and the broker states there are no withdrawal limits. Withdrawals are processed in USD. | Free | Free | Not recorded | Not recordedNot recorded | Instant |
ADVCashE-WalletWingo Markets states it charges no internal deposit or withdrawal fees, though external provider charges may apply. No per-channel minimum or maximum amount is published. Withdrawals are processed in USD. | Free | Free | Not recorded | Not recordedNot recorded | Instant |
| USDT-BNBCryptocurrency1 | Free | Free | Not recorded | Not recordedNot recorded | Instant |
| USDT-POLCryptocurrency1 | Free | Free | Not recorded | Not recordedNot recorded | Instant |
VoletE-WalletListed in the payment strip on the broker's home page. Wingo Markets states it charges no internal deposit or withdrawal fees, though external provider charges may apply. No per-channel limits are published. | Free | Free | Not recorded | Not recordedNot recorded | Instant |
Credit/Debit CardCredit CardWingo Markets names Debit Card as a deposit method but does not list cards among its withdrawal methods, which are given as crypto, USDT-TRX and ADVCash. The broker states it charges no internal deposit or withdrawal fees. The minimum and maximum amounts shown here are not published anywhere on the site. | Free | Free | USD 100 | Not recordedUSD 10,000 | Instant |
Bank TransferBank TransferThis channel is uncertain: the site refers to bank transfer only in general prose and does not include it in the enumerated deposit or withdrawal method lists. The amounts and processing times shown here are not published anywhere on the site; the broker states there are no withdrawal limits, which the 50000 maximum shown here contradicts. | Free | Free | USD 100 | Not recordedUSD 50,000 | Up to 3 days |
One trading platform on record: MetaTrader 5.
MetaTrader 5 is the only platform Wingo Markets offers, available as a Windows desktop terminal, iOS and Android apps and a browser based WebTrader, with Expert Advisor support and integrated copy trading.
4 domains on record. All active and served over HTTPS.
One legal entity behind the Wingo Markets brand.
Wingo Markets names Wingo Group LTD as the operating company. We could not confirm that registration on the registry.
3 other brokers on the record share what Wingo Markets offers — its country, regulator, account types or platforms — set beside it on the same measures.
Common questions about Wingo Markets
Wingo Markets holds no licence from a mainstream onshore regulator, so a client has none of the protections those regimes provide. The only trading authorisation on its record is an offshore International Brokerage and Clearing House licence issued in the Comoros, which carries no compensation scheme, no enforceable client money segregation and no independent complaints body, and its recorded term ran to 14 June 2025 with no renewal published since. The United States money services business registration the brand displays alongside it is an anti money laundering filing, not permission to operate a brokerage. Anyone opening an account should treat the deposit as fully at risk.
No. Wingo Markets does not offer a swap free or Islamic account, and none of its four tiers is published on that basis. The tiers differ by entry deposit and commission rather than by swap treatment.
Wingo Markets publishes no list of accepted or restricted countries. Its client agreement places the responsibility on the client, who may use the service only if they are not legally prohibited from receiving it where they live or are registered, and the registration form asks for no country of residence at all. The site is published in English and Persian, with Arabic and Kurdish offered as correspondence languages at sign up, which shows the markets the broker reaches rather than any permission to serve them.
Wingo Markets funds accounts mainly through cryptocurrency and e wallets. It names USDT on the TRON, BNB and Polygon networks, the ADVCash and Volet e wallets and card payments among its funding routes, and refers to bank transfer only in general terms. Cards appear among the deposit methods while the withdrawal routes it names are cryptocurrency, USDT on TRON and ADVCash, so a card deposit will not necessarily return the same way. The broker states that it charges no internal funding fee, that there are no withdrawal limits and that withdrawals are paid in USD, though payment providers and blockchain networks may still charge.
What you pay depends on the tier. The Starter account trades on spread with no commission, while ECN costs USD 3 per lot per side, Pro USD 2 per lot per side and Social Trade USD 5 per lot per side, which makes the copy trading tier the most expensive per round turn despite its low entry deposit. Spreads are variable and average around 1.5 pips, and Wingo Markets states that it adds no deposit or withdrawal fee of its own.
Wingo Markets offers four live account tiers, separated mainly by entry deposit and commission:
All four share the same 1:500 maximum leverage.
The broker's contact page lists two offices: a registered address on Bonovo Road, Fomboni, on the island of Mohéli in the Comoros Union, and an office at Number 6, Vasili Vryonides Street, Gala Court Chambers, 5th floor, office 503, 3095 Limassol, Cyprus. The site footer separately gives a registered office in Podgorica, Montenegro, and the published support telephone number is a Montenegrin one. Traders should note that a Comoros registration paired with European correspondence addresses is an offshore structure, not European regulation.
Wingo Markets publishes several contact routes on its site. Email support is at support@wingomarkets.com and general enquiries at info@wingomarkets.com, with a stated reply time of 24 hours. Telephone support is on +382 20438051. A live chat window and a subject based contact form are available on the contact page, covering account opening, deposits and withdrawals, platform support, compliance checks and complaints. The broker also links official Telegram, LinkedIn, Instagram, Facebook, X and YouTube channels.
Yes. Wingo Markets publishes a live chat channel on its contact page, available during its stated support hours rather than around the clock. The same page lists email support at support@wingomarkets.com, a general address at info@wingomarkets.com and telephone support on +382 20438051, and it states that emailed requests receive a reply within 24 hours. The contact form also routes enquiries by subject, including a dedicated feedback and complaints option. Published support material is in English.
Wingo Markets offers maximum leverage of 1:500, and the same cap applies to all four of its account tiers. That is well above the limits imposed in most onshore jurisdictions, and it increases losses as quickly as it increases gains.
The lowest entry at Wingo Markets is USD 5, which opens its Social Trade copy trading account. The entry level Starter account begins at USD 50, the ECN account at USD 500 and the Pro account at USD 5,000, so the figure that applies depends on the tier you choose.
Wingo Markets states on its own site that the service is operated by Wingo Group LTD, incorporated in the Autonomous Island of Mwali (Mohéli) in the Comoros Union under company registration number HY00523010, and authorised by the Mwali International Services Authority under an International Brokerage and Clearing House licence. That is an offshore arrangement, and offshore authorisation of this kind carries far weaker client protections than a mainstream regime: there is no compensation scheme and no client fund insurance is advertised. The MISA register lists the licence, number T2023302, as active, but its certificate term ended on 14 June 2025 and no renewal has been published.
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