Abstract： Forex brokers that request any type of additional payment, such as withdrawal fees, handling fees, or tax payments should be flagged. If you encountered a forex broker that is asking for these payments, there is a chance that you have fallen into the trap of a fraudulent forex broker that is trying to scam you.
Wintersnow Limited (www.wintersnowfx.com) is an online forex broker that provides CFDs products of several trading instruments, such as forex, stock, spot index, futures, precious metals, and commodities, as well as cryptocurrencies.
WikiFX did a thorough review of Wintersnow Limited and failed to find any information about this brokers contact number and business registered address. Moreover, the official website of Wintersnow Limited also does not show any regulatory status or valid license that they hold.
The reason why WikiFX would conduct this research on Wintersnow Limited is that we received an Exposure submission from a skilled trader, named Ganesh, who was unfairly treated by this broker.
Ganesh deposited approximately $60,000 into his trading account and was able to grow his account single-handedly to nearly $950,000.
However, when he tried to withdraw a portion of his funds, his requests were declined. The customer service representative from Wintersnow Limited told him that he ought to pay for tax on the profits that he reaped from trading.
When Ganesh failed to get further explanation with Wintersnow Limited, he reported this case to WikiFX.
Our customer service team got in touch with him to get more details about the situation:
At this stage, WikiFX is proactively attempting to liaise with Wintersnow Limited to resolve this dispute. However, at this stage, we are unable to provide more information as the other party is not being responsive. There were rumours claiming that Wintersnow Limited is currently having issues with its MetaQuote trading platform, thus it is unable to process clients requests.
WikiFX being the dedicated global forex broker query platform, will continue to investigate this case to do our best in helping out our users.
If you spot any red flags presented by your forex broker, please feel free to contact WikiFX for help or advice through these mediums below:
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