Wintersnow Limited is a forex broker that claims to be headquartered in Hong Kong. However, there is no evidence to support this claim. The company does not have a legitimate license to operate in any jurisdiction.
Company Overview
Wintersnow Limited does not have a publicly available website. The only way to contact the company is through an email address and a phone number. The email address is not monitored, and the phone number is answered by a representative who is not authorized to provide any information about the company.
Team
The team behind Wintersnow Limited is anonymous. There is no information available about the company’s founders, executives, or employees.
Services or Products
Wintersnow Limited claims to offer a variety of trading services, including forex trading, CFD trading, and cryptocurrency trading. However, there is no evidence that the company actually provides any of these services.
License and Regulations
Wintersnow Limited is not licensed by any reputable financial regulator. This means that the company is not subject to any oversight or regulation. This makes it extremely risky to trade with Wintersnow Limited.
Why Dealing With An Unlicensed Broker Is Risky?
There are several reasons why it is risky to deal with an unlicensed broker. First, there is no government agency that can oversee the company’s activities or protect its customers. This means that there is no recourse if the company goes bankrupt or if it steals your money.
Second, unlicensed brokers are more likely to engage in fraudulent trading practices. This could include things like front-running, wash trading, and spoofing. These practices can give the broker an unfair advantage and can lead to significant losses for its customers.
Third, unlicensed brokers are more likely to be unresponsive to customer complaints. If you have a problem with an unlicensed broker, it may be difficult or impossible to get your money back.
Legal Warning Against Wintersnow Limited
The Financial Conduct Authority (FCA) of the United Kingdom has issued a legal warning against Wintersnow Limited. The FCA warns that Wintersnow Limited is not authorized to provide financial services in the UK and that it is likely to be a scam.
You also can go through our other scammer lists such as the SEC Blacklisted Companies, FCA Unauthorised Firms List, ASIC Blacklisted Companies, & Bank Guarantee/SBLC Review.
Client Feedback
There are several complaints about Wintersnow Limited online. Some traders have reported that they were unable to withdraw their funds from the company. Others have reported that they were scammed by the company.
Feedback About Their Trading
There is no feedback about Wintersnow Limited’s trading platform online. The company does not have a demo account, so it is impossible to test the platform before you start trading.
Feedback About Their Customer Service
The customer service for Wintersnow Limited is notoriously bad. Traders have reported that they have had difficulty contacting the company and that the representatives they spoke to were unhelpful.
How Can “Reviews Advice” Help You If You Get Scammed?
Reviews Advice is a website that helps people who have been scammed by forex brokers. The website provides information about how to recover your money and how to avoid being scammed in the future.
Final Thought
Before choosing any broker, take care of these things:
- Check the broker’s regulatory status. Make sure that the broker is licensed and regulated by a reputable financial regulator.
- Read the broker’s terms and conditions carefully. Make sure that you understand the risks involved in trading with the broker.
- Do your research. Read reviews about the broker online. Talk to other traders who have experience with the broker.
This broker is not compatible with all of these conditions. If you are eager to invest with this broker, you should replan your investment and need to find out a new broker.
