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winterSnow Forex
Hong Kong|2-5 years| https://www.wintersnowforex.com/index1.html
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No valid regulatory information, please be aware of the risk!
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winterSnow Forex Inc
winterSnow Forex
Hong Kong
Pyramid scheme complaint
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- This broker has been verified to be illegal and all of its licences have expired, and it has been listed in WikiFX's Scam Brokers list. Please be aware of the risk!
- The platform is a Ponzi Scheme, which refers to the use of "principle of value multiplication". In the form of rolling or static fund circulation, it uses the money of next member to pay to the present one, which is essentially a pyramid scheme with the distinction of hidden, deceptive and socially harmful. By calling common person's desire for money, fraudsters in the platform begin raising funds underground. Since this kind of platform mostly will abscond after 1 or 2 years, the fund-raising mode just can exist less than 3 years.
- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
- The number of the complaints received by WikiFX have reached 31 for this broker in the past 3 months. Please be aware of the risk and the potential scam!
WikiFX Verification
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winterSnow Forex · Company Summary
Since winterSnow Forexs official website (https://www.wintersnowfx.com/) is now down, we had to resort to scouring other websites for relevant information in order to construct a rough picture of the company's forex broker operations.
General Information
winterSnow Forex seems to be an online forex and CFD broker, offering related trading services. However, since its official website cannot be accessible for now, we were unable to obtain more information about its trading assets, minimum deposit, spreads and commissions, leverage, and more.
Is winterSnow Forex safe to trade with？
winterSnow Forex has let us down when it comes to enforcing rules and regulations. This broker has been confirmed to be outside of the purview of any regulatory bodies. In light of this absence of licensing, its regulatory status is classified as “No License” on the WikiFX website and it got a pretty low score of 1.05 out of 10.
Trading with unregulated forex broker contains a high level of risk and before deciding which forex broker to use, it is advised to use WikiFX to check out a forex brokers regulation and licenses.
Negative Reviews
Over twenty traders have reported being defrauded by this broker on WikiFX, detailing their harrowing experiences. The inavailability of a withdrawal is the major issue with them.
For whatever reason, this forex broker is not one that serious traders should consider using.
Check out WikiFX for the full story.
winterSnow Forex News
WikiFX published some winterSnow Forex News to share this brokerage houses financial activities with more investors, giving them a fuller picture of this brokerage.
Customer Support
Worryingly, clients with any inquiries or trading-related problems can only get in touch with this brokerage through emails it gives:
Email: service@wintersans.com, cs@wintersnowfx.com
Other more direct contact channels are not available.
Risk Warning
There is a level of danger that comes with trading on the financial markets. As sophisticated instruments, foreign exchange, futures, CFDs, and other financial contracts are typically traded using margin, which significantly increases the inherent risks involved. Therefore, you should consider carefully whether or not this sort of investment activity is right for you.
The information presented in this article is intended solely for reference purposes.
News
ExposureWintersnow Ltd: 10% Deposit for Anti-Money Laundering?!
Scam forex brokers are capable of making excuses or justifications for tricking their uninformed trading clients into making payments which are unnecessary in the first place.
WikiFXNewsThe similarity between Wintersnow Ltd and Bullet Global Investment Ltd (BGI)
Wintersnow Ltd and Bullet Global Investment Ltd(BGI) both are notorious forex brokers, which endanger investors’ assets. In today’s article, we are going to explore the similarity of both brokers. Therefore, you can figure out the common characteristics that scammers share so that you can make wise decisions.
WikiFXExposureWintersnow's Name Change Caused Withdrawal Failures
Have you ever wondered why scam forex brokers keep changing their names? They do this because their previous victims would report them, hindering their plans to conduct more scams. Therefore, switching to a new name allows them to use the same strategy to target new victims.
WikiFXExposureThis FX Brokers Threatens Clients to Pay Funds in 3 Days Or Else...
An infamous FX broker is not only changing its name to trap more victims, but it is getting more aggressive in its tactics, going from ridiculous payment requests to threatening clients to make their payments if they would not want their accounts to be frozen.
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