One complaint after another! WinterSnow Limited is definitely a scam!

WinterSnow Limited says to be ‘one of the highly respected foreign exchange dealers in the industry’, but we have no reasons to believe any such claims. In the past two weeks, many investors have been reporting to WikiFX about not being able to withdraw funds from WinterSnow Limited, complaining the broker is scam!

The number of complaints received by WikiFX have reached 14 for this broker, as you can see from the screenshots below. There are investors moaning that when they tried to withdraw money from their accounts via Wintersnow, the broker said that they should pay some taxes and should make 1 more trade even within period Wintersnow set. Some investors were told that they could not withdraw without deposit of 250,000. The broker, manipulating the forex data, also blocked investors accounts when they tried to withdraw. Investors complained about being deceived and brainwashed by the professional communication skills and psychological control of WinterSnow. Investors wanting to withdrawal their money tried to contact the broker by phone or e-mail, but there was no reply!

See all: https://www.wikifx.com/en/exposure/exposure/2483532116.html

WikiFX also paid a visit to the website of WinterSnow Limited to find out more. The complete lack of legal information and documentation on the Wintersnow website is very indicative that this is not an authorized financial services provider. There is not even an office address listed on the website, and the only method of contact is email.

Only after installing the available trading software and looking at the registration information do we see that the company Wintersnow Limited is based in Hong Kong.

However, a check of the Hong Kong Securities and Futures Commission (SFC) database shows that Wintersnow Limited is not among the licensed forex brokers. This means that even if the company is indeed based there, it is not authorized for such activities.

Furthermore, Wintersnow Limited, claiming to offer trading on the industry-leading MetaTrader5 (MT5), has been shut down by MetaQuotes for MT5 trading. However, its official website still has MT5 information! Beware!

Now let's search “WinterSnow Limited” on WikiFX APP to find out more about this broker. WikiFX is an authoritative global inquiry platform providing basic information inquiry and regulatory license inquiry. WikiFX can evaluate the safety and reliability of more than 36,000 global forex brokers. WikiFX gives you a huge advantage while seeking the best forex brokers.

As you can see, based on information given on WikiFX (https://www.wikifx.com/en/dealer/2483532116.html), WinterSnow Limited has been verified to be illegal and all of its licenses have been expired, and it has been listed in WikiFX's Scam Brokers list. The current information shows that this broker does not have a trading software! The United States NFA (license number: 0550280) regulatory status is abnormal, showing it is unauthorized! The broker exceeds the business scope regulated by NFA!

Whats more, another company named “TOSAL GLOBAL LIMITED” with NFA regulatory (license number: 0549629) which is operated by this broker is a suspicious clone!Beware!

In a nutshell, it's not wise to invest in WinterSnow Limited. WikiFX reminds you that forex scam is everywhere, you'd better check the broker's information and user reviews on WikiFX before investing.

You can also expose forex scams on WikiFX. WikiFX will do everything in its power to help you and expose scams, warn others not to be scammed. In addition, scam victims are advised to seek help directly from the local police or a lawyer.

WikiFX keeps track of developments, providing instant updates on individual traders and helping investors avoid unscrupulous brokers. If you want to know whether a broker is safe or not, be sure to open WikiFXs official website (https://www.WikiFX.com/en) or download the WikiFX APP through this link (https://www.wikifx.com/en/download.html) to evaluate the safety and reliability of this broker!