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Abstract:No forex brokers are directly linked to a nation’s tax bureau. If your forex broker is requesting for tax payments from you claiming that they are doing it on behalf of the tax bureau, it is a trap. Be careful!
For those who do not know, Wintersnow Ltd is a forex broker that recently vanished after several angry trading clients exposed its scams online. A while ago, WikiFX discovered that Grand Signal Markets (GSM) Limited could be a new “shell” of Wintersnow Ltd due to the uncanny resemblance.
Read this article for a more in-depth dive into our allegation: https://www.wikifx.com/en/newsdetail/202208194414219995.html
Grand Signal Markets (GSM) Limited is a forex broker that was believed to be a new “shell” of Wintersnow Ltd which is another forex broker that recently disappeared after being exposed aggressively by angry trading clients.
The Exposure is submitted by a trading client of GSM named Pravin who currently has over 5,000 USD stuck with GSM.
See the screenshots below to see how GSM tried to trick Pravin into paying approximately over 500 USD for tax as it claims to have a close-knit cooperation with the tax bureau.
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
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According to the reports, the first two and a half weeks of May saw the USD/INR currency pair confined to a notably tight trading range. The pair faced robust resistance around the 83.5240 level, though there were occasional deviations. However, on May 17th, the USD/INR broke through the support level at approximately 83.39, which had held since May 6th, leading to a dip towards 83.2388.
In this article, we will analyze the characteristics of this broker from various aspects, providing you with simple and organized information.
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