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Abstract:It is crucial to be aware of promises that are too good to be true. Forex traders, especially newbies tend to fall into the traps of forex brokers that guarantee them profits without having to lift a finger.
Todays Exposure piece was submitted by a victim of Wintersnow Ltd, named Eric.
This is the second Exposure received by WikiFX about Wintersnow Ltd requesting for tax payments from its trading client.
Read here for the previous Exposure: https://www.wikifx.com/en/newsdetail/202208111734949875.html
He first had contact with Wintersnow on F******k. The representative of Wintersnow Ltd was a woman, named Mona. Eric described that she appeared to be professional and reassuring that she could help him grow his trading profits.
When Mona managed to convince Eric to entrust Wintersnow Ltd by introducing a winning signal that he could use to trade passively.
She guaranteed a daily profit of 25% on his initial capital of $1000 USDT. However, in return, he would need to pay a 20% commission on the total amount of his daily net profit though that is only calculated on a fortnightly basis. Things went well for 2 weeks continuously, which made Erics trust in Wintersnow Ltd and Mona grew tremendously as his initial capital grew to $16,800.
When he finally paid a commission of $1,323 for his withdrawal, he thought he could finally proceed to withdraw a big portion of his accumulated profits ($12,000).
He could neither continue to trade on the signals nor withdraw a single cent. Mona explained he ought to pay another 10% short-term capital gains tax to Wintersnow Ltd as they would be helping him to turn it over to the U.S. federal government because they were the ones that withheld his withdrawal.
Luckily, Eric was alert enough to know that things had started to go south. Therefore, he quickly contacted WikiFX for our assistance and did not proceed with the tax payment anymore.
We hope that all forex traders can be as alert as Eric if you have unfortunately encountered a situation wherein you are feeling suspicious. Contact WikiFX without any delay to seek assistance should such a situation happen to you:
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
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