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Abstract:No forex brokers are directly linked to a nation’s tax bureau. If your forex broker is requesting for tax payments from you claiming that they are doing it on behalf of the tax bureau, it is a trap. Be careful!
For those who do not know, Wintersnow Ltd is a forex broker that recently vanished after several angry trading clients exposed its scams online. A while ago, WikiFX discovered that Grand Signal Markets (GSM) Limited could be a new “shell” of Wintersnow Ltd due to the uncanny resemblance.
Read this article for a more in-depth dive into our allegation: https://www.wikifx.com/en/newsdetail/202208194414219995.html
Grand Signal Markets (GSM) Limited is a forex broker that was believed to be a new “shell” of Wintersnow Ltd which is another forex broker that recently disappeared after being exposed aggressively by angry trading clients.
The Exposure is submitted by a trading client of GSM named Pravin who currently has over 5,000 USD stuck with GSM.
See the screenshots below to see how GSM tried to trick Pravin into paying approximately over 500 USD for tax as it claims to have a close-knit cooperation with the tax bureau.
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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According to the Broker, The website (https://mcmarkets.com) is owned and operated by MAGIC COMPASS GLOBAL LIMITED and MAGIC COMPASS LTD. MAGIC COMPASS GLOBAL LIMITED is a registered entity in Seychelles registered at IMAD Complex, Office 12, 3rd Floor, Ile Du PORT, Mahe, Seychelles, Registration Number: 8434985-1
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