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The WikiFX Score of this broker is reduced because of too many complaints!

Wintersnow Limited

Hong Kong|2-5 years|
Suspicious Regulatory License|MT4/5 White Label|Chinese market only|High potential risk|

https://fx-wing.com

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MT4/5 Identification

MT4/5 Identification

White Label

1
Server Name
HeHuanGlobal-Server MT5
Server Location Hong Kong

Contact

https://fx-wing.com
Shop 8, 11/F, Wang Fai Industrial Building, 29 Liu Hop Street, San Po Kong, Kowloon, Hong Kong
The WikiFX Score of this broker is reduced because of too many complaints!

Licenses

No valid regulatory information, please be aware of the risk!

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No restriction on the broker account. Support service provided by WikiFX

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40G

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Broker Information

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Company Name

Wintersnow Limited

Company Abbreviation

Wintersnow Limited

Platform registered country and region

Hong Kong

Company website

Pyramid scheme complaint

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Warning: Low score, please stay away! 2
Previous Detection : 2024-03-04
  • 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 15 for this broker in the past 3 months. Please be aware of the risk and the potential scam!

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Pyramid scheme complaint
Expose
Scam

Manipulate trade chart to scam people

Wintersnow limited manipulated gold vs us (XAUSD) trade data on 7/28/2022 resulting me loss almost $500k and claimed that I still owe them 240k. The gold price on 7/28/2022 never went above 1805 but they manipulate the trade chart to scam me resulting in me losing all my life savings. Stay away. If anyone can help take legal actions against them to prevent more victims

2022-08-06 07:20
Unable to withdraw

Cooperate to fraud

The name of a woman who automatically added me as a friend was He Xinhui. She said that she opened a cosmetics store in Hong Kong and started chatting, and then the routine began. She said that her uncle's surname was Chen in the financial center. She had an internal relationship and asked me to download MT5 to make money with her ( She also asked me to operate it once, and she could earn about 20,000 US dollars a day. I couldn’t stand the temptation of high interest rates, and I joined in. Later, when the money was withdrawn, the routine came, saying that the system was frozen for me. Let me call the security deposit and say that the withdrawal will start smoothly one or two days after the security deposit is paid. After I paid the security deposit, it has been delayed for a month and has not been approved by me. The woman He Xinxin asked me to find that one (Li Liang :) Manager Li asked her to transfer the funds in my account to her and she sent me cash. I listened to her words and asked Manager Li to transfer it to her. After giving it to her, she kept delaying. When I asked her, she directly deleted for my friend

2022-09-15 13:56
Unable to withdraw

warning

They demanded more deposit to enhance my portfolio, but Since I had run out of investment funds, I asked for a minimal profit withdrawal. Even if every paperwork and the recording were in order they still denied me withdrawal. my trading account remained untouched in the dashboard and was repaid by an Assetsclaimback Advisory which reduces anxiety.They are not regulated or registered by the government they are scammers

2022-08-08 15:09
Scam

Fake Dating Induces Deposit Scams

They came to chat with me from IG. At first, I ignored it, but he didn’t give up in the process. Later, he talked about his feelings. The other party said that there was a chance to make money and invest in international gold. I didn’t believe it, so I kept pushing it because I was convinced later that I made a small profit at the beginning, but suddenly at the end of February he asked me to ask the customer service of the platform if there was any opening activity. I didn’t want to join because I didn’t have the funds. He asked me to get a loan to find a way to raise funds. The other party also helped me with the funds, and I took out the deposit, but the funds were still insufficient in the process. I didn't want to continue. I asked customer service because the number of places is limited. Cancellation or overdue will have 5 days a day. % Liquidated damages and account freezing, and criminal responsibility, I was too scared, so I worked hard to raise money, but in the end, the funds were still not enough, I began to doubt the other party because they kept asking me to find a way to raise money, so I searched online For information, I also asked friends who understand the investment, and my friend told me that this is a fund plate (the so-called killing pig plate), saying that I was cheated, and I couldn’t get any money if I continued to deposit, so I didn’t continue to deposit and told the other party that I had no money Now, the other party also began to shirk their responsibilities, and found that the company was extremely risky, and some people were deceived. They asked about the withdrawal of funds on the platform, but it was said that the opening of the position was not completed, and the withdrawal could not be made. I was cheated of about 70,000 US dollars, which really scammed people.

2023-04-12 18:22
Unable to withdraw

Dubious dealing on the part of this broker

When they asked for the 1st and 2nd deposits they were very nice in their manner of approach but when i asked to withdraw, it all went down-hill from there. They promised to give me access to my funds on request but wouldn't give me withdrawal access when i invested $45,000 and made profits on the account they only had a change of heart with a formal claim made by the way of fintrack. org of which i reported them to the authorities outlining the issues i faced with WintersnowFx I will advice that you never give the broker any money because they will work very hard to ensure you don't get it back

2022-08-09 00:22
Scam

IG Dating Scams

Chatting with you under the pretense of making friends who like what you like. During the chat, you will reveal that you also invest in international gold (futures) in addition to normal work. The frightening thing is that they will make up all kinds of stories, and keep chatting like normal according to your weaknesses, making you feel like you have met a soulmate, so that you don't doubt that you have him. At first I thought it was a scam, so I blocked the other party’s IG, but the other party actively used other accounts➕line, this time to show that he didn’t force you, it’s just for your own good, can’t lose your concept, he’s very good at manipulating people's hearts. Then I will teach you to download Binance and MT5 APP (these two are legal trading platforms), and then give you a dealer link (fake) to induce deposits, and then upgrade and maintain the platform. After it can no longer be operated, I will link you to download their own The MT5 APP link set up, if you suspend all actions at this time, you will not be scammed. When you want to make a deposit, the customer service responds quickly. Asking questions and withdrawing money are always delayed. After confirming that you have been scammed, continue to deal with fraudulent groups. They will also help you increase funds and cheat your trust again, in order to cheat again. You have more money, all along the way it will require you to change your mind, try something bold to change your life, require you to take out a loan or exchange other investments for this gold investment. When you want to withdraw money, there will be various obstructions, and in the end, the so-called warehouse building activities will be used to tie up your funds, and then induce, threaten and lure you to invest more funds. In the end, the total amount defrauded was 30,000 USDT. I came up and saw that a few people were scammed by this method like me, and I hope that no one will be cheated of their hard-earned money. These fraudulent groups will eventually suffer their own consequences and never end well.

2023-04-22 12:39
Resolved

I can't withdraw

I can't withdraw. I was persuaded and tricked me into investing. When I withdraw, I start to have an excuse and the website can't be accessed after this. I want sympathy because I invested all my money because I thought it would be profitable, but I I was deceived, they tricked me into adding funds equal to the money I had in my MT5 account, but I didn't add more and if I didn't do it, they threatened to send the matter to the local police station, which I was not afraid because I hope. If the matter reaches the police I can get my money back but after that they disappeared and my account was suspended and when I asked the customer. I hope that no one will be deceived by them again. I curse these sinners, they do not arise, may their lives be as ugly as what they do to everyone, I hope. Someday I'll pay them back for what they've done to everyone. If anyone can help me please contact me ASAP. Thanks.

2022-08-20 21:45
Scam

Fake dating to induce gold transaction and deposit fraud

They met through IG chat during the Spring Festival in February. After chatting for two days, he asked to add LINE friends and said that he rarely used IG. After pulling into the LINE chat room, he began to coax and chat with all kinds of sweet words. In the process, in addition to revealing I am an executive of a certain bank. I like to study financial information after work and I am also operating gold trading. Occasionally, I will liquidate that I made $25,000 in gold trading today. I will tell you that this is what he has spent years of hard research on. It’s not easy to get results. At first, I didn’t have much interest in gold trading. Later, I encouraged more investors to invest and then there will be more chat topics. In the beginning, I used 600 US dollars as a trial investment, and the profit was about 12%. I don’t think it’s very exaggerated. I don’t think it’s a lie. Later, the other party encouraged me to add 1,500 US dollars. I didn’t take the operation immediately after depositing on the same day, so I tried to withdraw the gold but found that I couldn’t withdraw the gold at all. The next day, the other party said Because I don’t trust him, I took a photo saying that he attempted to self-mutilate to threaten me to continue to let him lead the investment operation. I invested about 30,000 U.S. dollars in succession and said on the evening of March 3 that I would teach myself how to withdraw money. As a result, the platform asked me to pay 10% of the transaction spread fee. I temporarily stopped withdrawing money because I have no cash at present. Later, I asked A friend who understands trading operations, and told me that I have encountered a dating scam. Even if I pay another 10% of the fee, I will not be able to get back the 30,000 US dollars that were cheated. In the process, the MT5pro Group that the other party linked to is already a fake official website, because I downloaded the MT5 app, I didn’t suspect him at first but later found that the URL of the link to the official website was different every time, and the broker Wintersnow Limited could only be found in the app given by the other party. I reported the case to the police station, and the official reply only said It is difficult to trace the receiving address overseas. I came up today and saw that the victim had almost the same experience as me. This dealer is engaged in gold trading, so I muster up my courage to post a post and hope that no one will be deceived.

2023-04-13 11:08

    Wintersnow Limited · Company Summary

    Aspect Information
    Registered Country/ Area Hong Kong
    Founded Year 1-2 years
    Company Name Wintersnow Limited
    Regulation No Regulation
    Minimum Deposit Not specified
    Maximum Leverage Not specified
    Spreads From 0.0 pipis
    Trading Platforms MetaTrader 5 (MT5)
    Tradable Assets Forex, Rare Risk Foreign Exchange, Spot Gold and Spot Silver, Index Trading, Cryptocurrencies, Crude Oil
    Account Types Not specified
    Customer Support No clear or accessible contact channel available

    General Information

    Registered in Hong Kong, Wintersnow Limited presents itself as a forex broker with offices in Asia Pacific, Europe, South America, the Middle East and North Africa, offering its clients access to an array of financial markets, including Foreign Exchange, Cryptocurrencies, Indices, Futures and more.

    However, the absence of regulation from reputable authorities is a significant concern, casting doubt on the company's credibility and trustworthiness. Numerous negative reviews and complaints have been reported, highlighting issues such as withdrawal difficulties, allegations of trade chart manipulation, and involvement in scams. Furthermore, the lack of accessible customer support contact information adds to the skepticism surrounding the company. Traders are advised to exercise caution and thoroughly research before engaging in any transactions with Wintersnow Limited, given the potential risks associated with its unregulated status and the reported concerns from customers.

    image.png

    Pros and Cons

    Wintersnow Limited, an unregulated broker based in Hong Kong, presents both pros and cons for potential traders. On the positive side, the company offers a range of market instruments including forex, spot gold and silver, index trading, cryptocurrencies, and crude oil. This allows traders to diversify their investment portfolios and participate in various trading opportunities. Moreover, Wintersnow Limited claims to provide the MetaTrader 5 (MT5) trading platform, a widely recognized platform known for its advanced features, technical analysis tools, and support for algorithmic trading. However, it is crucial to note the disadvantages associated with Wintersnow Limited. The most significant drawback is the lack of regulation, which raises concerns about the company's credibility and trustworthiness. Numerous negative reviews and complaints have been reported, including difficulties with withdrawals, allegations of trade chart manipulation, and involvement in scams. Additionally, the absence of accessible customer support contact information further undermines transparency and assistance for clients. Therefore, potential traders should carefully weigh the advantages against the significant risks and exercise caution when considering Wintersnow Limited as their broker of choice.

    Pros and Cons of Wintersnow Limited:

    Pros Cons
    Offers a range of market instruments Lack of regulation
    Provides MetaTrader 5 trading platform Numerous negative reviews and complaints
    Allows diversification of investment portfolios Difficulties with withdrawals
    Supports algorithmic trading Allegations of trade chart manipulation
    Access to advanced technical analysis tools Involvement in scams
    Opportunities for trading in various financial markets Lack of accessible customer support contact information

    Is Wintersnow Limited Legit?

    Wintersnow Limited is not regulated by any valid regulatory authorities. This means that there are no official oversight and regulations governing its operations. As a result, there may be potential risks and concerns associated with this company. It is important to exercise caution and be aware of the potential scam or fraudulent activities that could be associated with an unregulated broker.

    Furthermore, there have been 15 complaints received by WikiFX in the past 3 months regarding Wintersnow Limited. These complaints indicate a negative track record and raise further concerns about the company's credibility and reliability.

    regulation

    Wintersnow Limited offers its clients a range of market instruments across different financial markets. These instruments allow investors to diversify their investment portfolios and participate in various trading opportunities. Here are the market instruments provided by Wintersnow Limited:

    1. Foreign Exchange (Forex): Wintersnow Limited allows clients to trade in the foreign exchange market. This involves the buying and selling of currency pairs, such as EUR/USD (Euro/US Dollar), GBP/JPY (British Pound/Japanese Yen), and AUD/CAD (Australian Dollar/Canadian Dollar). Forex trading allows investors to speculate on the fluctuation of exchange rates between different currencies.

    2. Rare Risk Foreign Exchange: In addition to standard Forex trading, Wintersnow Limited offers trading in Rare Risk Foreign Exchange. This likely refers to trading in less commonly traded currency pairs or currency pairs involving currencies from emerging markets. These pairs may carry higher risk due to their lower liquidity and potential volatility.

    3. Spot Gold and Spot Silver: Wintersnow Limited provides trading opportunities in precious metals such as gold and silver. Spot trading involves buying or selling these metals for immediate delivery, based on their current market prices. Trading in precious metals can be influenced by factors like supply and demand, economic indicators, and geopolitical events.

    4. Index Trading: Wintersnow Limited enables clients to trade in stock market indices. This includes popular indices like the S&P 500, FTSE 100, or DAX. Index trading allows investors to speculate on the overall performance of a basket of stocks representing a specific market or sector.

    5. Cryptocurrencies: Wintersnow Limited supports trading in cryptocurrencies. This includes well-known cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), and others. Clients can participate in the volatility of the cryptocurrency market by buying or selling digital currencies.

    6. Crude Oil: Wintersnow Limited allows clients to trade in crude oil. This involves speculating on the price movements of oil, which can be influenced by factors like global supply and demand, geopolitical tensions, and economic indicators.

    market-instruments
    Pros Cons
    Diversification of investment portfolios Lack of regulation
    Access to various financial markets Higher risk associated with rare risk currency pairs
    Opportunities in crude oil market Potential volatility in precious metals trading
    Participation in stock market indices Limited customer support contact information
    Trading in popular cryptocurrencies Involvement in scams

    How to Open an Account?

    To open an account with Wintersnow Limited, follow these steps:

    1. Visit the Wintersnow Limited website and look for the “Register account” link. Click on it to begin the account registration process.

    2. A form will pop up, prompting you to provide the required details. Fill in the necessary information, which may include your full name, email address, phone number, and any other information requested by the broker.

    3. Wintersnow Limited may require you to verify your identity. This typically involves uploading certain personal documents, such as a copy of your identification document (e.g., passport or driver's license) and proof of address (e.g., utility bill or bank statement). Follow the instructions provided by the broker to complete the verification process.

    4. Once your account is successfully registered and verified, you will need to fund your account to start trading. Wintersnow Limited will provide you with various funding options, such as bank transfers, credit/debit card payments, or electronic payment methods. Choose the option that suits you best and follow the instructions provided by the broker to deposit funds into your trading account.

    5. After funding your account, you can start trading with Wintersnow Limited. The broker will provide you with access to their trading platform and the necessary tools to execute trades in the financial markets. Familiarize yourself with the platform, market instruments, and risk management tools before placing any trades.

    Wintersnow Limited claims to offer its clients the MetaTrader 5 (MT5) trading platform, which is available for iOS, Android, and computer versions. Here are some details about the trading platform mentioned:

    1. MetaTrader 5 (MT5):MT5 is a widely recognized and popular trading platform used by many brokers and traders. It is an updated and improved version of its predecessor, MetaTrader 4 (MT4). MT5 provides enhanced features and functionalities to enhance the trading experience.

    2. Technical Analysis Tools: The MT5 platform offers a library of technical analysis tools, including technical charts and indicators. Traders can access over 80 popular analysis tools to conduct technical analysis and make informed trading decisions. These tools can be added directly to price charts for easy analysis or used to construct custom indicators.

    3. Algorithmic Trading: MT5 supports algorithmic trading, allowing traders to automate their trading strategies. Traders can develop and implement trading robots, known as Expert Advisors, which can execute trades automatically based on predefined rules and conditions. This feature enables traders to engage in automated trading and take advantage of market opportunities.

    4. Economic Calendar and Financial News: The MT5 platform provides access to an economic calendar and financial news. These features keep traders updated on global financial markets and macroeconomic indicators. Monitoring economic events and news can help traders make informed trading decisions.

    Wintersnow Limited encourages clients to download the MT5 trading platform for iOS, Android, or computer devices. It is important to note that the availability and reliability of the platform should be verified independently, considering the overall credibility and regulatory status of the broker.

    trading-platform
    Pros Cons
    Offers MetaTrader 5 (MT5), a widely recognized platform Lack of independent verification of platform reliability
    Enhanced features and functionalities for better trading experience Dependence on overall credibility and regulatory status of the broker
    Provides a library of over 80 technical analysis tools Potential limitations due to lack of platform customization
    Supports algorithmic trading for automated strategies Reliance on the availability and accuracy of economic calendar and financial news
    Access to economic calendar and financial news Potential risk of platform-related technical issues

    Negative Reviews

    Wintersnow Limited has received numerous negative reviews and complaints from traders. Here are some of the main issues reported by customers:

    1. Unable to withdraw: Several traders have complained that their withdrawal requests were denied or delayed by the platform, preventing them from accessing their funds.

    2. Scam and fraud allegations: There are allegations that Wintersnow Limited engages in fraudulent activities, such as manipulating trade charts to deceive traders and causing significant losses. Some traders claim to have lost their life savings as a result of these manipulations.

    3. Pyramid scheme complaint: One customer reported that Wintersnow Limited operates as a pyramid scheme, where individuals are induced to invest and recruit others, leading to financial losses for participants.

    4. Fake dating induces deposit scams: There are reports of scammers using fake dating profiles to lure individuals into depositing funds with Wintersnow Limited under the guise of investing in international gold. Traders claim to have been deceived and lost significant amounts of money.

    5. Associated with other fraudulent platforms: Wintersnow Limited has been linked to other fraudulent platforms, such as Capital Gold Market, which allegedly induce withdrawals through online dating and defraud overseas Chinese investors.

    These negative reviews and complaints suggest that there are serious concerns regarding the legitimacy and trustworthiness of Wintersnow Limited as a forex broker. It is important for potential traders to exercise caution and conduct thorough research before engaging in any transactions with this broker.

    negative-reviews

    Trading Platform

    Surprisingly, Wintersnow Limited says it offers clients the advanced MT5 trading platform that can run on IOS, Android, and Computer versions.

    trading-platform

    Customer Support

    According to the information provided, it appears that there is no clear or accessible contact channel available to get in touch with Wintersnow Limited's customer support. The lack of contact information is indeed a concerning red flag, as it indicates a lack of transparency and accessibility on the part of the company.

    Conclusion

    In conclusion, Wintersnow Limited, an unregulated brokerage based in Hong Kong, presents significant disadvantages that overshadow its potential advantages. The absence of regulation raises concerns about the company's credibility and trustworthiness, with numerous negative reviews and complaints indicating issues such as withdrawal difficulties, trade chart manipulation, and involvement in scams. Additionally, the lack of accessible customer support contact information further hinders transparency and support for clients. While Wintersnow Limited offers a range of market instruments for trading, including forex, spot gold and silver, index trading, cryptocurrencies, and crude oil, these advantages are outweighed by the risks associated with an unregulated broker and the reported concerns from traders. Therefore, caution and thorough research are strongly advised before considering any engagement with Wintersnow Limited.

    FAQs

    Q: Is Wintersnow Limited a regulated company?

    A: No, Wintersnow Limited is not regulated by any valid regulatory authorities. This lack of regulation raises concerns about the oversight and credibility of the company.

    Q: What trading platforms does Wintersnow Limited offer?

    A: Wintersnow Limited claims to offer the MetaTrader 5 (MT5) trading platform for iOS, Android, and computer devices. However, it is important to independently verify the availability and reliability of the platform.

    Q: What are the tradable assets offered by Wintersnow Limited?

    A: Wintersnow Limited provides trading opportunities in various market instruments, including Forex, Rare Risk Foreign Exchange, Spot Gold and Spot Silver, Index Trading, Cryptocurrencies, and Crude Oil.

    Q: Are there different types of trading accounts available?

    A: The information provided does not specify the types of trading accounts offered by Wintersnow Limited. It is advisable to contact the company directly for more detailed information.

    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.

    User Reviews

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    9

    Comments

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    雅稚
    more than one year
    My account had been robbed. All my fund was withdrawn without receiving verification code via USDT. I was unable to get in touch with them anymore. Keep your money safe, stay away from Wintersnow!
    2022-12-19 09:54
    Reply
    0
    0
    agump
    more than one year
    I was also cheated of 800,000 by He Xinhui
    2022-12-17 20:53
    Reply
    0
    0
    梦中的想法
    more than one year
    Don't come to this black platform. Once you make a deposit, don't even think about getting your money. When you withdraw money, you will be asked to pay more fees on the grounds of being suspected of money laundering. I have already lost 50,000 TWD on this platform, and now I can't get my money back.
    2022-12-13 10:25
    Reply
    0
    0
    poor
    more than one year
    This is a scam black platform, don't believe it is true! very scary! Especially if someone asks you to participate in the event to get a prize, you must never participate! Because liars will pretend that they will help to complete it together! But later they tricked you into depositing money again and again! When you want to withdraw money, it will say that you are suspected of money laundering and cannot withdraw money. If you want to withdraw money, you have to pay 20,000 U coins
    2022-11-28 19:42
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    0
    0
    醒過來的人
    more than one year
    On black platforms, withdrawals will be made in every possible way on the grounds of alleged money laundering, so be careful. Liars are terrible without empathy, don't be cheated, run away.
    2022-11-25 12:26
    Reply
    0
    1
    Black platform, MT5 has been logged in and cannot be entered, and the name of this black platform cannot be searched, and the official website has also displayed 404
    2022-11-24 00:00
    Reply
    0
    1
    醒過來的人
    more than one year
    It's a terrible platform. The main account is suspected of money laundering and requires five times the turnover. My own money was detained for no reason. It's really scary.
    2022-11-22 13:04
    Reply
    0
    1
    妈咪妈咪哄
    more than one year
    Fraud platform, it is recommended to call the police
    2022-10-24 09:36
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