On April 27 2022, FINMA issued a warning that Win ICoin is not entered in commercial register, you may visit: https://www.finma.ch/en/finma-public/warning-list/win-icoin/

On May 27 2022, BaFin issued a warning that Win ICoin is not authrised to provide financial services, you may visit: https://www.bafin.de/SharedDocs/Veroeffentlichungen/EN/Verbrauchermitteilung/unerlaubte/2022/meldung_2022_05_25_winicoin_en.html

Win ICoin claims to be an authorized broker under multiple regulations. We searched the regulators it mentioned, including: 

1) the United Kingdom Financial Conduct Authority (FCA);

2) the South Africa Financial Sector Conduct Authority (FSCA);

3) the Australia Securities and Investments Commission (ASIC);

4) the German Federal Financial Supervisory Authority (BaFin);

5) the Cyprus Securities and Exchange Commission (CySEC);

6) the Mauritius Financial Services Commission (Mauritius FSC);

7) the Belize Financial Services Commission (Belize FSC);

8) the Saint Vincent and the Grenadines Financial Serivices Authority (SVG FSA). 

Except for BaFin, there is no matching result from the rest of regulators. Actually, the German BaFin issued a warning against Win ICoin, and the Swiss Financial Market Supervisory Authority (FINMA) also issued a warning against Win ICoin. That means Win ICoin is not authorized to provide financial services in Germany and Swiss.

Not being overseen by any regulator, letting this broker hold or control customers' money is unsafe and the money can not be protected by any law. Therefore, it is a scam.

On 17 June 2022, the Cyprus Securities and Exchange Commission (CySEC) issued a warning that Win ICoin is not authorized to provide financial services. You may visit: https://www.cysec.gov.cy/CMSPages/GetFile.aspx?guid=fddeb549-b2e6-400f-8b5b-ba2d881d9061

On 29 Aug 2022, BrokersView found the domain https://winicoin.com is not working, as most probably it was suspended and it is always a bad sign when broker's website is suspended.