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

winterSnow Forex

Hong Kong|Scam Brokers|
2-5 years|Regulated in United States|Suspicious Regulatory License|Suspicious Scope of Business|United States Common Financial Service License Unauthorized|Suspicious Overrun|High potential risk|

https://www.wintersnowforex.com/index1.html

Website

Rating Index

Contact

cs@wintersnowfx.com
https://www.wintersnowforex.com/index1.html
The WikiFX Score of this broker is reduced because of too many complaints!

Licenses

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

Single Core

1G

40G

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Broker Information

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Company Name

winterSnow Forex Inc

Company Abbreviation

winterSnow Forex

Platform registered country and region

Hong Kong

Company website

Pyramid scheme complaint

Expose

Check whenever you want

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This platform is a Ponzi Scheme. Please stay away! 7
Previous Detection : 2024-02-23
  • 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.

WikiFX Verification

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Pyramid scheme complaint
Expose
Unable to withdraw

Difficulty in withdrawal

i've been in complete regret since i opened an account and joined bohua technology now known as wintersnow forex, they keep making clones of each other in each case i had made trade transactions that yielded profits but unable to withdraw them The class action Fintrack. org aided gave in to the return of funds so I've come to realize that trading with these companies are only profitable if you can withdraw but the broker will try to make that impossible

2022-08-22 11:29
Unable to withdraw

unable to withdraw

My name is Pelthia Makgatho. I was scammed by a fake broker in the End of July beginning of August 2022. I  was induced by a person via Viber named Linda with the phone number +19127070186. She got me to transfer USDT coins to Wintersnowfx and Grand Signal Markets to trade over MT5 for a total of about $8200. I was told to register first on user.gmwold.com (deposited $3000) to ERC20 Withdrawal Address : x94Bd5A010eCAD8E6d8a2f104F3102E4946CDb942 transaction ID N01255587049494221824081511, then was told they are upgrading and to register again on user.gmwoldd.com and deposited $4974 to Address 0xB623b6E6b4231840290231184740DD90b2685508 Transaction ID (TXID) 0xf6f278ff31346d0f0ff99b944dcf733d94af9700126f788032da29e35b8aaff4. She gave trading signals over bogus sites and I traded till I reached $11225.25 but now I cannot withdraw my funds. She told me they are upgrading again and to register on user.lunbgold.com and pay 20% of my deposit's value if I want to withdraw my funds. I hope you can get a clear picture of the scam progress, do let me know if you need further details. Kind regards, Pelthia

2022-09-19 03:49
Unable to withdraw

Don’t fall for it

It started from tinder, played with my feelings, there is no way I will permit these individuals to scavenge any more people. They accepted my $125,000 via usdt from my coinbase as payment, but they asserted that it was never reflected on their end. I was unable to verify whether they had truly received the payment until assetsclaimback recovery agency stepped in to clear the way for the return on investment. Be cautious because this firm called Wintersnow is not what they claim to be.

2022-08-16 13:37
Scam

scam & fraud

this broker approved me by Viber app where they have group of people and account manager name windy . she open up account for trading and very month different platform the add you on for trading they calm it rocket project , also to gain the trust after opening the account they will deposit 1k in your trading account and make you money after they will request deposit 50k to be vip member where are around 400 members and they all talk about profit and big scam team influence you to deposit 50k which I did and traded with them for 5 month total profit of 505k on they still asking for money money to deposit to hit 1 million account , but after refusing more deposit on withdraw request they block the account and refused to pay money . over a year now , still nothing all the police repost and fed Commision was reported also . still waiting for replay from them . this people are so smart to scam you when it’s come to money please do not pay anyone with cold call or online connection . specially social media , fb , instagram, telegram , Viber , and hats app , even cold call from am number please don’t even listen what they want to say they are scammers .

2024-02-17 03:34
Unable to withdraw

Group of scammers changing names

With their bogus fake platform, I made a lot of money-making transactions up until the point where I became the victim of a trading scam i invested a lot of money with wintersnowfx now called GSM, but I haven't yet received any returns. My $75k profit is in my trading account, but I can't get to it unless I pay a commission and tax fee. It was just necessary to formally transfer them to Cyb3rnub.net. utter scammers, since I recently wasted almost all of my savings with them, helped the recovery scheme this platform is nothing but fraud please be warned and take caution.

2023-01-24 08:37
Scam

fraud

I have invested 50k usd to with them for Rocket project , total was with trading profits 508k . on withdraw they empty the account and not able to reach them now . never trust them by any connection . all the social media , what’s app , Viber , telegram and other platform through with good sweet advice and very convincing promising with different name even the trading group for signal and people show you profits , talk about how good it all set game . Wendy , Mr jaffree and other name was use and communication all fake as soon as you invest they will keep asking you more and more to invest . showing you great option for more money . with my Exparian I spoke to many of them my self over the phone most are African accent and E europian . cheek the are they regulated company or not before you trade with anyone with your hard earnings . . Wintersnowx Wintersnowforx GSM GIS capital CGC Prime-coin.live they are group ! mostly black African use some esturn europian woman to talk to Client and is the picture of app is fake also they based in all over the world and use VPN for different country . scum before you invest in any company Please cheek are they regulated or not and which country they regulated in . Most importantly never Transfar anyone with crypto currency because is hard to track by block you will never find them . BInace & Crypto.com is key for them for big trasfar . even wise bank all together . I hope this will help . thx

2023-01-08 12:35

    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.

     basic information

    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.

    WikiFX

    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.

    Negative Reviews

    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.

    winterSnow Forex News

    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

    Wintersnow Ltd: 10% Deposit for Anti-Money Laundering?!

    ExposureWintersnow Ltd: 10% Deposit for Anti-Money Laundering?!

    2022-09-30 17:03

    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.

    WikiFX
    2022-09-30 17:03
    Exposure
    Wintersnow Ltd: 10% Deposit for Anti-Money Laundering?!
    The similarity between Wintersnow Ltd and Bullet Global Investment Ltd (BGI)

    NewsThe similarity between Wintersnow Ltd and Bullet Global Investment Ltd (BGI)

    2022-09-27 16:39

    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.

    WikiFX
    2022-09-27 16:39
    News
    The similarity between Wintersnow Ltd and Bullet Global Investment Ltd (BGI)
    Wintersnow's Name Change Caused Withdrawal Failures

    ExposureWintersnow's Name Change Caused Withdrawal Failures

    2022-09-23 10:49

    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.

    WikiFX
    2022-09-23 10:49
    Exposure
    Wintersnow's Name Change Caused Withdrawal Failures
    This FX Brokers Threatens Clients to Pay Funds in 3 Days Or Else...

    ExposureThis FX Brokers Threatens Clients to Pay Funds in 3 Days Or Else...

    2022-09-13 12:00

    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.

    WikiFX
    2022-09-13 12:00
    Exposure
    This FX Brokers Threatens Clients to Pay Funds in 3 Days Or Else...

    User Reviews

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    User comment

    7

    Comments

    Write a review

    Ranmony
    more than one year
    The absence of regulation is noted, yet the WikiFX News sharing financial activities adds transparency. While caution is advised, the unique aspects make winterSnow Forex one to watch upon website restoration.
    2023-12-11 18:25
    Reply
    0
    0
    XU87324
    more than one year
    WinterSnow Forex disappoints on multiple fronts. The inaccessible website, lack of regulation, and a WikiFX rating of 1.05 out of 10 raise serious doubts. Numerous reports of fraud, especially withdrawal issues, and limited customer support via email only make this broker a risky choice. For a secure trading experience, steer clear of winterSnow Forex and explore more reliable alternatives.
    2023-12-08 17:29
    Reply
    0
    0
    Means
    more than one year
    This company is a complete scam company, after defrauding many people, it shut down its website and tried to disappear. Damn scammer!
    2023-02-23 11:24
    Reply
    0
    0
    Arcturus♎️[啊楚樂斯]弓虽
    more than one year
    winterSnow Forex is a gang of scammers! They stole all my account balance and refused to give my money back! They don’t have hearts! These scammers should be in jail for life!!!
    2023-02-15 18:12
    Reply
    0
    0
    OM 6551
    more than one year
    farud and **** . all connection trading platform & group all fake if just to convince you to invest as soon as you invest your money at risk . Wendy , and other signal provider all are farud and fake . stay away from them this is fraud .
    2023-01-08 10:42
    Reply
    0
    0
    FX1088179908
    more than one year
    The withdrawal from a month ago has not yet arrived! I asked customer service why it was so slow, and they told me that there was something wrong with the payment channel, and let me show the bank statement. But after I sent them screenshots of my bank statements, I still couldn't get my withdrawal back. Are they liars who make up a reason to prevaricate me?
    2022-12-01 13:51
    Reply
    0
    0
    今夕何夕54185
    more than one year
    A pretty name Shirley from this company recommended me this broker. She told me that I could won at least triple profits if I invested some money in this platform. I made a deposit of $1000 at first, but I lost them all in less than 2 days. Then, she kept persuading me to deposit more, I put $2,000 here again… Now, you guys probably can see the end result? I lost $5500 in total…
    2022-12-01 12:27
    Reply
    0
    0
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