Abstract：Winter Snow Limited is an online forex broker that recently caught our attention. One investor from Japan told WikiFX that Winter Snow Limited does not allow him to withdraw if he does not deposit more money in his trading account. In this article, we will expose this case to you in detail based on the evidence provided by the victim.
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About Winter Snow Limited
Winter Snow Limited is an online forex broker offering clients CFDs products of several trading instruments, including forex, stock, spot index, futures, precious metals, and commodities. However, as we know so far, This broker is not regulated and it is getting involved in a Ponzi Scheme. WikiFX did a thorough review of Winter Snow Limited and failed to find any information about this brokers contact number and business registered address. Additionally, WikiFX has given this broker a low rating of 1.02/10 and it has been listed in WikiFX's Scam Brokers list. We remind you that investing in a broker with such a low score is risky for your fund safety.
The evidence from the victim gathered by WikiFX
The victim， Mr. NISHIYAMA, told WikiFX that he was recommended to invest in Winter Snow Limited. He invested in Winter Snow Limited with assets of one million yen and made a profit of 400,000 yen. His total assets are 1.4 million yen. However, when this Japanese Trader wanted to withdraw his investment, the customer service representative of Winter Snow Limited told him that he must have a deposit of at least 2.5 million yen in his account, otherwise, he could not withdraw his investment. Winter Snow Limited customer service representatives repeatedly asked victims for additional money. The victim refused to continue investing. And Mr.NISHIYAMA called Winter Snow Limited to get a reasonable explanation. However, the call could not be put through. He also tries to email the broker, which ends up with no feedback. Therefore, this victim eventually asked WikiFX for help.
As the conversation between the victim and the agent of Winter Snow Limited showed below, Mr. NISHIYAMA invested 1 million yuan in Winter Snow Limited and got a profit of 400 thousand yuan. The Agent of Winter Snow Limited asks Mr. NISHIYAMA to deposit an extra 500,000 yen in his trading account. He promised Mr. NISHIYAMA he could withdraw all his money if he put in more.
This customer service representative kept asking Mr.NISHIYAMA for more money. She even believes that Mr.NISHIYAMA was able to earn a profit of 400,000 yen because of her guidance.
Winter Snow Limited is a scam that eventually took the victims money away fraudulently and even put forward unreasonable demands. The reason why WikiFX exposed this case to the public is to remind all traders of the potential risks.
WikiFX is actively reaching out to the victim and other traders hoping to find more evidence to help him resolve the problem. Please stay tuned for more information.
WikiFX keeps track of developments, providing instant updates on individual traders and helping investors avoid unscrupulous brokers. If you want to know whether a broker is safe or not, be sure to open WikiFXs official website (https://www.WikiFX.com/en) or download the WikiFX APP through this link (https://www.wikifx.com/en/download.html) to evaluate the safety and reliability of this broker!
If you want to know more about this broker, please read this article by clicking this link.
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