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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

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winterSnow Forex Review 33

Latest All(33) Neutral(1) Exposure(32)
Exposure
Scam

I registered with wintersnow forex because I was told that I could trade with confidence because it was a transaction delivered to the Japanese Financial Services Agency by manipulating words skillfully with TikTok. I invested about 1,000,000 and made a profit of 1,400,000. I tried to contact the securities company by phone for confirmation, but the phone number was fictitious and was not used. I tried to send an e-mail, but there was no reply and it seems to be fictitious, so I need to be careful when dealing with this securities company.

ヒロ
2022-08-04
Exposure
I was induced by a scammer to invest in virtual currency and was defrauded of $360,000

I lost more than 360,000 US dollars by a gang of online economic fraud. The incident started on June 21, and was found by a PUA man in Los Angeles, USA, possibly under the pseudonym Chen Xin CHENXIN, who found him on WhatsApp on June 21, 2022 I, chatting to make friends, was later brainwashed by his professional communication skills and psychological control, and tricked me into registering the fake trading platform of MT5 international currency through the link he gave https://trader.riccwfx.com ( The original address is http://www.wintersricc.com/search for wintersnow forex) to register and log in, then bind it in MT5, and induce me to transfer a total of more than 360,000 US dollars from my HSBC in Hong Kong through various methods. The virtual currency was traded, and the money started from July 5th to the end of the 19th, and it has all been credited to the different personal Hong Kong accounts sent to me by the platform customer service that said it was a currency merchant, until the scammer CHENXIN asked me for nude photos. I was very disgusted that I applied for withdrawal on July 27, but was told by the platform that my funds were suspected of being involved in money laundering and had been detained, and I had to pay another 30% deposit of more than 120,000 US dollars to withdraw the money. I knew that I had been deceived. This is the tuition fee for my children. Now all the cheating is gone. I am very sorry and shameless. Expose here to prevent more people from being victimized.

VANESSA 22763
2022-08-03
Exposure

Don't invest in this company; it is a fraud. After I invested a significant amount with them, they blocked my account when I tried to withdraw, blocking all of their contact information. Don't squander your money with this company, I applied for a r fund with assetsclaimback*com. This is a major scam. company, you'll never get your principle money back, let alone any profit.

FX57947855
2022-08-03
Exposure
Absolute scam

i was confused when i made money on the platform but could not get to withdraw that money from my account when i wanted to, i even requested a part withdrawal that wasn't approved I have reported their attempt to do away with my investment and requested a withdrawal that came through under the fintrack/ org recovery authority Beware of companies like wintersnow limited because in all likelihood, it is a sam

FX1727486592
2022-08-03
Exposure
Fake, Scam Broker

I had deposited $20,000usdt with Bohua Technology ltd broker. I did many Crypto trades and was able to withdraw a small amount. When I wanted to withdraw a larger amount, they rejected this, customer service banned me after complaining and my account was frozen. I contacted Wintersnow limited broker via their website www.wintersnowfx.com and registered with them. I told them about Bohua technology Ltd and that they are no longer on MT5 platform. Wintersnow limited said that they would migrate my account from Bohua Technology Ltd broker and said that I will be able to deposit, trade via MT5 platform and withdraw. I tried to withdraw $35,000usdt which was rejected. Then I tried to withdraw $25,000usdt which was also rejected, then I tried $35,000usdt again which was successful, debited from my account but never received and not credited back to my account. I contacted customer service who said funds will be released if I paid 5% of my account balance to guarantee payment to my crypto wallet. I believe that Bohua Technology ltd and Wintersnow limited are the same broker who allow people to deposit funds, trade but refuse to let people withdraw without some kind of extra payment. please someone help me to recover my account balance and I am willing to pay someone 20% of my account balance if successful. Screenshots attached as proof

Baz
2022-08-03
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
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

  

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