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winterSnow Forex Forex Broker provides real users with * positive reviews, 1 neutral reviews and 32 exposure review!

winterSnow Forex Broker Review

Rating Index
1.45
Regulation
0.00
License
0.00
Software Index
4.00
Risk Control
0.00
Business
6.52
WikiFX Detection

Business

Influence E

License

No license

winterSnow Forex Review 33

All(33) Neutral(1) Exposure(32)
Exposure
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 .

OM 6551
2024-02-17
Exposure
Unable to withdraw via Broker

I tried to withdraw money from my accounts via Wintersnow. But they said that I should pay some taxes and I should make 1 more trade even within period they set. I trusted what they said, so transfered USD to pay taxes as they asked(As attached 1st,2nd) and tried to trade as they mentioned. But nothing happened. After that, they asked more USD for taxes again(As attached 3rd) without Withdraw process as I asked. Is there any way I can go forward to fix this situation?

Park
2022-07-28
Exposure
Wintersnow should prove that is fake broker or not

When I use Trading service at the first time, I registered in Boloni Created FX Co ltd.(as attached 1) After used that Broker for a while, they email me to inform the change of Broker to be Wintersnow(as attached 2) After that, when I requested to withdraw money, Wintersnow asked me to pay taxes(as attached 3,4) and no withdraw happened even I paid some as they asked. If Wintersnow is not a fake broker, they should make a normal withdraw process.

Park
2022-07-29
Neutral

This company is a complete scam company, after defrauding many people, it shut down its website and tried to disappear. Damn scammer!

Means
2023-02-23
Exposure
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.

FX695459
2023-01-24
Exposure
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

OM 6551
2023-01-08
Exposure
fraud

Wintersnow is a scam platform, the withdrawal of $52600 requested on the 8th of last month has not yet arrived. Every time I ask customer service the reason why the funds did not arrive, they said there is a problem with their payment channel and I needed to provide my bank water bills. I've sent them my water bills four times, but my withdrawal still hasn't arrived!

FX5358003
2022-09-24
Exposure
Wintersnow is a con left them for another broker

I confronted Wintersnow on Twitter and said, This is the wrong place to invest,and they blocked me. Your investments will all be lost before you know it, thus it will cost you a lot. It is a cleverly built platform for luring inexperienced investors who unintentionally create profits they are unable to actually cash. I was the victim of their rage. I initially lost $120,000 to them and added another $50,000 deposit to recover my losses on the advice of a my account manager, but there were numerous meetings and delays that were unnecessary and prevented them from simply returning my money.

FX244677432
2022-09-21

Wintersnow Forex 2025 Review: What You Need to Know

Summary: The Wintersnow Forex broker has garnered significant scrutiny and negative feedback, primarily due to its unregulated status and numerous complaints from users. Key findings indicate that the broker lacks transparency, offers minimal customer support, and has been flagged as a potential scam by multiple sources.

Note: It is crucial to recognize that different entities may operate under the Wintersnow name across various jurisdictions, which complicates the regulatory landscape and raises concerns about the broker's legitimacy.

Rating Overview

Category Rating (out of 10)
Account Conditions 2
Tools and Resources 3
Customer Service and Support 2
Trading Setup (Experience) 3
Trustworthiness 1
User Experience 2

We rate brokers based on user feedback, regulatory compliance, and overall trading conditions.

Broker Overview

Founded in 2022, Wintersnow Forex operates as an online trading platform that claims to offer forex and CFD trading services. The broker uses the popular MetaTrader 5 (MT5) trading platform, which is known for its versatility and advanced trading features. However, it has come under fire for lacking regulatory oversight, as it is not registered with any recognized financial authority, including the Hong Kong Securities and Futures Commission (SFC). This absence of regulation raises significant red flags for potential investors.

Detailed Analysis

Regulatory Status

Wintersnow Forex is unregulated and operates primarily from Hong Kong. A comprehensive check of the SFC database reveals that Wintersnow is not listed among licensed brokers, indicating that it is not authorized to provide financial services. The lack of regulation poses a considerable risk for traders, as they have no legal recourse in case of disputes or financial losses. Many sources label Wintersnow as a potential scam, highlighting the importance of trading with regulated brokers to ensure the safety of funds.

Deposit and Withdrawal Methods

The broker primarily encourages deposits through cryptocurrency, a method often favored by scam brokers due to its non-traceable nature. Unfortunately, there is no clear information regarding minimum deposit requirements or withdrawal processes on their website. Reports from users indicate that withdrawal requests are frequently denied, and customers are often asked to pay additional fees before they can access their funds. This practice is a common tactic employed by fraudulent brokers, further underscoring the need for caution.

Trading Conditions

Wintersnow Forex does not provide detailed information regarding its trading conditions, such as spreads, commissions, or leverage. The absence of this critical information raises concerns about transparency and the broker's overall reliability. While some reviews mention spreads as low as 0.5 pips on major currency pairs, this claim should be approached with skepticism given the broker's dubious reputation. Legitimate brokers typically offer clear and comprehensive details about their trading conditions, which is not the case with Wintersnow.

Available Assets

The broker claims to offer a range of trading instruments, including forex, CFDs, and cryptocurrencies. However, specific details about the assets available for trading are not disclosed, leaving potential investors in the dark about their options. This lack of clarity is concerning, especially for traders looking to diversify their portfolios.

Customer Support

Customer support for Wintersnow Forex is limited, with users reporting long wait times for responses to their inquiries. The only available contact methods are email, which can lead to delays in addressing urgent issues. The lack of a dedicated support team raises further concerns about the broker's commitment to customer service and responsiveness.

User Experience

User reviews of Wintersnow Forex are overwhelmingly negative, with many traders reporting significant losses and difficulties in withdrawing their funds. Common complaints include being unable to access accounts, facing high withdrawal fees, and encountering unresponsive customer support. These experiences paint a troubling picture of the broker's operations and suggest that potential investors should proceed with extreme caution.

Final Rating Overview

Category Rating (out of 10)
Account Conditions 2
Tools and Resources 3
Customer Service and Support 2
Trading Setup (Experience) 3
Trustworthiness 1
User Experience 2

Detailed Breakdown

  • Account Conditions: The lack of clarity regarding account types and minimum deposit requirements is concerning. Users have reported that the broker often changes its terms without notice, making it difficult for traders to understand their obligations.

  • Tools and Resources: While the broker uses the MT5 platform, which is generally well-regarded, the absence of educational resources and market analysis tools is a significant drawback.

  • Customer Service and Support: Users have reported frustration with the slow response times and lack of effective support. This can lead to unresolved issues and increased anxiety for traders.

  • Trading Setup (Experience): The trading experience is marred by reports of withdrawal difficulties and hidden fees, leading to a negative overall perception.

  • Trustworthiness: The unregulated status and numerous complaints from users severely impact the broker's trustworthiness. It is essential for traders to be aware of these risks before engaging with Wintersnow Forex.

  • User Experience: Overall, user experiences are overwhelmingly negative, with many traders warning others to avoid this broker.

In conclusion, the Wintersnow Forex review highlights significant concerns regarding the broker's legitimacy, regulatory status, and user experiences. Prospective investors should exercise extreme caution and consider alternative, regulated brokers to safeguard their investments.

winterSnow Forex review