Abstract:Wintersnow Ltd and Bullet Global Investment Ltd(BGI) both are notorious forex brokers, which endanger investors’ assets. In today’s article, we are going to explore the similarity of both brokers. Therefore, you can figure out the common characteristics that scammers share so that you can make wise decisions.
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.
Wintersnow Ltd has changed its name its name to GSM, causing withdrawal failure. for more details, please click the link below.
https://www.wikifx.com/en/newsdetail/202209239944664188.html
About BGI
Bullet Global Investment Ltd is an online forex broker. It is a newly established broker registered in the United States. According to WikiFX, this broker is not regulated. It does not hold a legitimate license. WikiFX has marked it as a “No License” broker. 1.35/10 has been given to Bullet Global by WikiFX, which is a warning that investing in this kind of broker is risky for your assets.
Abscond with the money
As we know so far, BGI has run away after defrauding investors money. For more details about this issue. Click this link.
https://www.wikifx.com/en/newsdetail/202209228734220674.html
Regulation Status: Unregulated
One of the obvious similarities that WinterSnow Limited and BGI 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.
Extremely low WikiFX score
Since both brokers have been considered scams, they have fairly low WikiFX score (less than 2.0).
Too many complaints
WikiFX has received too many complaints against these two brokers. The biggest problem of BGI 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 BGI on WikiFX
WikiFX has received 15 complaints against BGI within 3 months.
Exposures against WinterSnow Ltd on WikiFX
WikiFX has received 28 complaints against Wintersnow within 3 months.
Conclusion
The scam brokers usually have 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!
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