Global Broker Regulation & Inquiry App

Score

0123456789
.
0123456789
0123456789
/10

SNOW-TRADE

China|2-5 years|
Suspicious Scope of Business|High potential risk|

https://snow-trade.com

Website

Rating Index

Contact

https://snow-trade.com

Licenses

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

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

Single Core

1G

40G

Open Now

Broker Information

More

Company Name

SNOW-TRADE

Company Abbreviation

SNOW-TRADE

Platform registered country and region

China

Company website

Pyramid scheme complaint

Expose

Check whenever you want

Download App for complete information

Warning: Low score, please stay away! 2
Previous Detection : 2024-05-30
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The current information shows that this broker does not have a trading software. Please be aware!

WikiFX Verification

Users who viewed SNOW-TRADE also viewed..

XM

9.04
Score
10-15 yearsRegulated in AustraliaMarket Making(MM)MT4 Full License
Official website

FXCM

9.45
Score
Above 20 yearsRegulated in AustraliaMarket Making(MM)MT4 Full License
Official website

GMI

7.47
Score
5-10 yearsRegulated in United KingdomStraight Through Processing(STP)MT4 Full License
Official website

MultiBank Group

8.59
Score
10-15 yearsRegulated in AustraliaMarket Making(MM)MT4 Full License
Official website
Pyramid scheme complaint
Expose

SNOW-TRADE · Company Summary

SNOW-TRADE Basic Information
Company Name SNOW-TRADE
Headquarters China
Regulations Not regulated
Account Types Presidential, executive, platinum, premium, green account
Minimum Deposit €5,000
Maximum Leverage 1:200
Spreads Variable

Overview of SNOW-TRADE

Situated in China, SNOW-TRADE serves as an online trading platform, furnishing traders with diverse financial instruments. Through account options like Presidential, Executive, Platinum, Premium, and Green accounts, traders gain access to tradable assets. Nevertheless, it's paramount to acknowledge that SNOW-TRADE functions without regulatory oversight, underscoring the necessity for caution regarding potential risks inherent in unregulated trading environments.

Overview of SNOW-TRADE

Is SNOW-TRADE Legit?

SNOW-TRADE is not regulated. It's crucial to emphasize that this brokerage lacks valid regulation, implying that it operates without supervision from established financial regulatory bodies. Traders must proceed with caution and acknowledge the inherent risks of trading with an unregulated broker like SNOW-TRADE. These risks include limited avenues for resolving disputes, potential concerns regarding fund security, and a lack of transparency in the broker's operations. It's prudent for traders to conduct thorough research and assess the regulatory standing of a broker before engaging in trading activities to safeguard their interests and ensure a more secure trading environment.

Is SNOW-TRADE Legit?

Pros and Cons

SNOW-TRADE offers a range of account types, catering to different trading preferences and experience levels, providing traders with flexibility in choosing their preferred trading environment. However, the absence of regulatory oversight poses significant risks, potentially exposing traders to unregulated trading conditions. Additionally, the platform offers flexibility with variable spreads, allowing traders to adapt to changing market conditions. However, the lack of adequate customer support options may hinder traders from resolving issues promptly and efficiently. Moreover, the platform's lack of transparency regarding company policies and procedures raises concerns about accountability and trustworthiness. Lastly, the inability to access the website can disrupt trading activities and hinder traders' ability to manage their accounts effectively.

Pros Cons
  • Offers multiple account types
  • Operates without regulatory oversight, potentially exposing traders to risks
  • Provides flexibility with variable spreads
  • Lack of customer support options
  • Lack of transparency regarding company policies and procedures
  • Unable to access the website

Account Types

SNOW-TRADE offers a range of account types to suit different traders' needs and investment levels. The Presidential Account requires a €250,000 minimum deposit, while the Executive Account demands €100,000. For those with €50,000, there's the Platinum Account, while the Premium Account requires €15,000. Lastly, the Green Account, an entry-level option, needs a minimum deposit of €5,000.

Account Type Minimum Deposit Maximum Leverage Spreads
Presidential Account €250,000 0.5 – 1 pip
Executive Account €100,000 1:200 1 – 1.5 pips
Platinum Account €50,000 1:200 1.5 – 2 pips
Premium Account €15,000 1:200 2 – 2.5 pips
Green Account €5,000 1:200 2.5 – 3 pips
Account Types

Leverage

In SNOW-TRADE, the Executive, Platinum, Premium, and Green accounts all offer a maximum leverage of 1:200.

Leverage

Spreads

In SNOW-TRADE, spreads vary based on the account type. The Presidential Account offers the tightest spreads, ranging from 0.5 to 1 pip. The Executive Account features spreads of 1 to 1.5 pips, followed by the Platinum Account with spreads of 1.5 to 2 pips. For the Premium Account, spreads widen to 2 to 2.5 pips, and the Green Account has the widest spreads, ranging from 2.5 to 3 pips.

Conclusion

In summary, SNOW-TRADE offers traders a variety of account types, providing flexibility in their trading choices. However, the absence of regulatory oversight poses significant risks, exposing traders to unregulated conditions. While the platform offers variable spreads for market adaptability, limited customer support options and a lack of transparency in company policies may present challenges. Traders should proceed with caution, conducting thorough research to mitigate risks and ensure a safer trading experience.

FAQs

Q: Is SNOW-TRADE regulated?

A: No, SNOW-TRADE operates without regulation, which means it lacks oversight from recognized financial regulatory authorities.

Q: What account types does SNOW-TRADE offer?

A: SNOW-TRADE provides various account types, including Presidential, Executive, Platinum, Premium, and Green accounts, catering to different trading preferences and experience levels.

Q: What is the maximum leverage offered by SNOW-TRADE?

A: SNOW-TRADE offers a maximum leverage of 1:200.

Risk Warning

Trading online carries inherent risks, and there's a possibility of losing your entire invested capital. It's essential to understand these risks fully and note that the information provided here may change due to updates in the company's services and policies. Additionally, the review's generation date is crucial, as information may have evolved since then. Therefore, it's recommended that readers verify updated information directly with the company before making any decisions or taking action. The responsibility for using the information provided here lies solely with the reader.

User Reviews

Sort by content

  • Sort by content
  • Sort by time

User comment

2

Comments

Write a review

Rin Pich
more than one year
good
2022-10-09 02:49
Reply
0
0
Jean487
more than one year
Alert! Totally Scam, u will never be able to withdraw any single cent from them, all ur hard earned money are stolen by them and in their pockets! be away from them!!
2022-10-07 11:47
Reply
0
0
2
TOP
Select Country/Region
United States
※ The content of this website abides with local laws and regulations.
You are visiting the WikiFX website. WikiFX Internet and its mobile products are an enterprise information searching tool for global users. When using WikiFX products, users should consciously abide by the relevant laws and regulations of the country and region where they are located.
consumer hotline:006531290538
Official Email:support@wikifx.com;
Mobile Phone Number:234 706 777 7762;61 449895363
Telegram:+60 103342306
Whatsapp:+852-6613 1970;
License or other information error corrections, please send the information to:qawikifx@gmail.com
Cooperation:fxeyevip@gmail.com