Winstontrading is a novelty toys and general merchandiser seller that claims to offer a wide range of goods for non-profits, schools, and other sectors. However, there are a number of red flags that suggest that Winstontrading is a scam broker.
Company Overview
Winstontrading is a company registered in the Seychelles. However, it has no licenses or regulations from any reputable financial authority. This means that there is no one to protect investors if Winstontrading goes out of business or if they steal their money.
Does Winstontrading Have Any License?
No, Winstontrading has no licenses or regulations from any reputable financial authority. Being wholesalers should have at least some trade license, but they did not show any.
Is Winstontrading Regulated By Any Authority?
No, Winstontrading is not regulated by any authority. This means that there is no one to protect investors if Winstontrading goes out of business or if they steal their money.
Winstontrading Pros and Cons
Pros:
- Help non-profits
- Wholesale pricing
Cons:
- No regulation
- Unlicensed
- Product quality is not good
- Negative reviews
How Does Winstontrading Reach To Their Prey?
Winstontrading uses a variety of methods to reach its prey. They often target inexperienced buyers who are looking for a way to make cheaper orders.
Winstontrading’s modus operandi is to lure traders with promises of low prices and quick delivery. They may also offer discounts but they actually don’t provide this.
Technical Details of Winstontrading
Minimum Deposit:
There is actually no minimum deposit thing. The buyers have to pay the money based on the products they choose.
Trading Platform:
Winstontrading offers a simple e-commerce web platform. However, it is important to note that their platform is not as secure as it should be.
Packages and Products They Offer
Winstontrading offers a variety of products to traders. These include:
- Toys
- Children’s sports items
- General merchandises
Withdrawal and Deposit Method
Winstontrading offers a variety of deposit methods, including credit cards, debit cards, and wire transfers. However, it is important to note that there are often high fees associated with deposits.
What Do Their Previous Traders Say?
There are a number of negative reviews about Winstontrading online. Many traders have complained about the high fees, the difficulty of shipment, and the lack of customer support.
Summing Up- Why Should Not You Trust Winstontrading
There are a number of reasons why you should not trust Winstontrading. These include:
- The company is not licensed or regulated by any reputable financial authority.
- This company offers high discounts but doesn’t actually provide that.
- The company has a number of negative reviews online.
- The company has been accused of being a scam.
If Bad Things Happen, Where Can You Get The Quick Solution?
If you have lost money with Winstontrading, you should contact the law enforcement authority to report the scam and file a case against them. If you don’t want to take the hassle, you can contact us too. We will provide you with a free consultation and service recommendations to help you in filing the cases and also how to recover the money.
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Final Thoughts
Winstontrading is a scam broker that should be avoided. If you are looking to trade goods, you should choose a legitimate broker that is regulated by a reputable financial authority.
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