The Similarity of Winter Snow Limited and FVP Trade

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. 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, 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.

If you want to know more, please check this article https://www.wikifx.com/en/newsdetail/202208126604708174.html

About FVP Trade

FVP Trade is an online forex broker offering financial services to its global clients. it has been listed in WikiFX's Scam Brokers list. On July 18, 2022, FVP Trade unexpectedly launch a statement about its freezing funds. In this statement, FVP Trade attributed the money freeze to Luna's collapse. But we think it is just an excuse because Luna's collapse is not directly related to the funding freeze.

If you want to know more, please check this article https://www.wikifx.com/en/newsdetail/202207299924230394.html

Regulation Status：Unregulated

One of the obvious similarities that Winter Snow Limited and FVP Trade share is that they are unregulated brokers. Since they are not regulated by any regulatory authority. They can take clients money away fraudulently. As a result, no one can hold them accountable.

Ponzi Scheme

According to WikiFX, FVP Trade and Winter Snow Limited both are getting involved in Ponzi Scheme. It is a financial investment scam where the money gathered from the new investors is paid to the existing investors. The scammers also can pay their new investors with deposits from early investors. Therefore, many investors didn't know the truth at the time, and they felt reassured and decided to invest more. This is pyramid scheme fraud, which is extremely concealment, and deceptive. Many investors will eventually lose money after depositing the money since they can no longer find these fraudsters.

Many “clones” on WikiFX

Both brokers have a lot of “ clones” on WikiFX.

To know more, please click this link.

https://www.wikifx.com/en/newsdetail/202208168284579306.html

Low score by WikiFX

WikiFX gives brokers a score from 0 to 10. The higher the score is, the more reliable the broker is.

Since both FVP Trade and Winter Snow Limited have a bad reputation in the forex market, WikiFX has responsibly given both brokers a low score: 1.8/10 for FVP Trade, and 1.02/10 for Winter Snow Limited.

Too many complaints

WikiFX has received too many complaints against these two brokers. The biggest problem of FVP Trade and Winter Snow Limited has lain on the withdrawal refusal. It is not a surprise that scammers always take clients funds away fraudulently.

Exposures against FVP Trade on WikiFX

Exposures against Winter Snow Limited on WikiFX

Conclusion

The scam brokers usually has a lot of similarities. It's important that we have the awareness to find them. 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!