Gowin Markets Review
Gowin Markets Review by professional Forex trading experts the “ForexSQ” FX trading team, Finding out everything you need to know about the broker is in this Gowin Markets Review.
Gowin Markets Review
Gowin Markets offers a wide selection of live trading accounts. Some of them, like the Wall Street and Freedom account also have a swap-free option, which supposedly makes them suitable for traders observing the Sharia law. The Freedom account also comes with the option to earn 3% a year the account “due to Swiss franc appreciation”, with terms and conditions applying. The broker also offers a Diamond account – tailored for those who do not find the conditions of the standard accounts suitable to their needs or have special requirements.
There is also a free demo account, but the link to opening one does not seem to work.
The Company. Security of Funds
Company Country Regulation
Gowin Limited UK No
Gowin Markets is a forex broker based in the UK, but is not regulated by the country’s FCA. It is a relatively new broker that launched in 2016 and perhaps this is the reason it is not regulated.
Judging by the language options on its website, it is mostly aimed at the Chinese-speaking market. The company explicitly says it does not accept clients from Japan and the US.
Trading platforms
Gowin Markets offers just one trading platform – MetaTrader 4 (MT4) with its desktop, web and mobile applications. It is one of the oldest and most popular trading platforms. It is preferred by brokers and traders alike as it has many functionalities and is stable and user friendly.
Methods of payment
Gowin Markets has a fairly standard set of funding options: bank transfer, credit/debit cards and Neteller and Skrill. Like other brokers it does not accept payments through PayPal, but accepts deposits through Qiwi, WebMoney and China UnionPay.
What is interesting about Gowin Markets is that it offers many types of live trading accounts that could cover the needs of most traders. Its initial deposit is not too high and the other trading conditions are more than acceptable.
The downside is that it is not regulated and this poses significant risks, as unregulated brokers are not required to abide by any rules that would provide traders with security and peace of mind. Also, it appears that its website is somewhat incomplete and lacks some information. This could be explained with the fact that it is a new forex broker.
Nevertheless, there are other forex brokers with similar or even better trading conditions like FXTM that are regulated and it would be safer to deal with them, rather than with unregulated brokers.
The Broker is not a safe forex broker, Instead you can use Plus500, XM, eToro, Fxpro or AvaTrade forex brokers.
Gowin Markets Review Conclusion
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