Another case involving Wintersnow Ltd.: the victim has been asked to pay 20% tax.

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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 complaint from the victim

The victim contacted the representative of Wintersnow Ltd for withdrawing all of his funds. The representative of this broker told the victim that he has to buy 30K USDT and top up to the taxable chain address before he can withdraw. See below.

Wintersnow Ltd. explained why it required tax is because of regulation or the law. When the victim asked what the regulation is, this broker gives no response. See the image below.

Feeling scammed by Wintersnow Ltd. this victim reported what he experienced to WikiFX and he expects to get WikiFXs assistance. Below is the conversation between the victim and WikiFX.

Extension

According to the conversation above, we can see that Wintersnow Ltd is no longer using MT5 as its trading platform as it is seriously getting involved in a scam. If you want to know more, please see the article via the link below.

https://www.wikifx.com/en/newsdetail/202208223574782467.html

There is another similar case involving this broker. You can read the article for more details by clicking the link below.

https://www.wikifx.com/en/newsdetail/202208111734949875.html

Conclusion

“If you want to withdraw, you have to pay more.” It is a typical trick that many scammers use. We believe that Wintersnow Ltd is getting involved in a scam. The reason why WikiFX exposed this case to the public is to remind all traders of the potential risks. After all, what happened to the victim could happen to any of us. All traders should be vigilant when investing in a broker.

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!