Wintersnow Ltd Changed Its Name to GSM Ltd After Being Exposed?!

Wintersnow Ltd has been on the radar of WikiFX as we have been receiving an overwhelming amount of Exposure pieces from its victims. Therefore, we are actively evaluating and reviewing this broker and every movement it makes.

It was just last week when WikiFX reported that Wintersnow Ltd could have bought fake followers to boost its Twitter account.

Read more here: https://www.wikifx.com/en/newsdetail/202208129394368067.html

Unbeknownst to many, now the Wintersnow Ltd's Twitter account is gone within a week since our article.

We tried logging back on www.twitter.com/wintersnowfx which was its previous profile link, but now Twitter says that “this account doesnt exist”.

On the other hand, we found another broker's Twitter account that has some uncanny resemblances with the previous Wintersnow Ltd's Twitter account – Grand Signal Markets (GSM) Ltd. Why are we saying this？

Look at the year of establishment of GSM Ltd's Twitter account. It was set up in December 2009 – just like Wintersnow Ltd's Twitter account.

While many would think that “this doesn't mean anything!”

Look at the first Tweet by both broker firms. Not only were they exactly the same, but the published date was on the same date as well.

Although we could not say with absolute certainty that GSM Ltd is the new “shell” of Wintersnow Ltd, we think that it is our responsibility to highlight our findings to our users. It could be probable that Wintersnow Ltd had rebranded itself and changed its name to GSM Ltd. This act is not uncommon among forex brokers, especially the ones that are not established or reputable. They do this simply because it is an easy way to go around scamming other people with a “clean slate”.

There are many brokers in the industry, WikiFX sternly advises our users to opt for a forex broker that has achieved at least a 7.0 score on our database, is regulated by at least one authority body, holds valid licenses, and has a legitimate business premise to prevent falling into the traps of unreliable forex brokers.