Wintersnow Limited – The online platform advertises itself as a broker. On its platform ingenious investments in the area of Forex, metal, indices and energies are possible.

If you have invested money with the broker Wintersnow Limited and there are now complications with the payout, our lawyers will be happy to help you.

Wintersnow Limited – Broker at a glance

Currently there is an extraordinarily high number of providers such as Wintersnow Limited. This means that investing in the unpredictable financial markets has never been as easy but also as risky as it is now. Because there are so many options, choosing a provider can be time-consuming and daunting. Especially if it is to meet your individual investment needs. Have you already invested with Wintersnow Limited? In this case, the following aspects are relevant for you as an investor.

  • A good address for investors who want to learn about shares, futures, binary options and cryptocurrencies is a website like this one.
  • Access to the global stock markets is made easier and more versatile for investors through online investing.
  • Government regulated brokers on the internet, secure websites, fees and brokerage commissions, product options and ratings are just selected factors to plan for when making your irrevocable decision.
  • When it comes to trading on the web, you can choose from a number of order types.

The following statements are general suggestions for investors – regardless of the platform you invest in.

Checklist: What subtleties to look out for with providers like Wintersnow Limited

The following list serves as a safeguard against service providers with fraudulent intentions.

  • Don’t be fooled by assurances of extremely high returns without the risk of losing assets.
  • Identity theft is a serious nuisance: do not hand over a photocopy of your photo ID. Rip-off artists often ask you to do this.
  • Is a company like Wintersnow Limited listed in the company database of the relevant EU supervisory authority?
  • Do not accept any unwanted investment tips from strangers via telephone advertising or e-mails.
  • Is there a complete imprint on the website?
  • Is the online trading provider Wintersnow Limited a company licensed by BaFin or in another state of the European Union?
  • Where is the provider’s official registered office?
  • Find out as much as possible about the provider and the goods you want to buy (search engines on the net, forums, online card services).
  • Ask yourself: What is the name of the contact person I should get in touch with?

Does Wintersnow Limited have bank accounts located abroad? Always act carefully when making bank transfers

Is it beneficial for you to transfer capital to a country outside Europe? Pay close attention to what you are doing. Many investors have already lost funds in this context. It is conceivable that you could lose track of where your money is going and how it is invested. When capital has been made available to a broker, it has often happened that the online broker does not invest the transferred amount of money as agreed or even not at all.

There have also been cases where the company simply did not exist, although it presented itself in a similar way to Wintersnow Limited. In addition to regulated financial service providers, there are many dubious online trading websites where a similar approach is evident in most cases. Potential investors are contacted by employees of the respective trading website. For example, by telephone, if the customer has left non-binding contact information on the trading website.

In dozens of cases, however, they are also contacted by mass e-mails. These entice the customer with supposedly lucrative investments. The investor is directly provided with his own online broker, who instructs him on how to set up a trading account and make initial deposits. The investor feels well supported for the time being and online trading usually starts with small sums. But soon larger transfers are requested – mostly to accounts abroad. Such deposits are intended to increase potential profits.

Obstacles with dubious service providers ultimately arise when the investor demands a payout. This is often continually postponed or linked to additional payments such as alleged taxes and brokerage commissions. In the past, the rip-off artists operated solely from obscure locations. Today, they operate from a variety of locations such as the UK (including London), the Netherlands, Canada, Spain, Dubai and others. It is hard for the vast majority of people to spot tricky methods.

Companies often receive e-mail orders with large order volumes that are disproportionate to the usual purchase amounts. In order to lure the German company, enormous promises of profits are made. However, the enormous order volume only serves as a means of pressure in the communication with the provider in order to demand correspondingly increased authorisation and registration costs. It is not always apparent whether the addressee of this payment is also the customer of the goods.

Notwithstanding this, one can assume that providers who are active abroad will not have to pay local taxes on shipments to other countries in the foreseeable future. Check whether this also applies to investments with Wintersnow Limited.

Unauthorised orders? Reputable online brokers never act without your consent

Placing orders to transact in shares without the account holder’s consent can sometimes cause the price of certain shares to jump. This applies in particular to open market transactions in illiquid foreign securities (over-the-counter trading). Therefore, be sceptical if you are asked to disclose personal information about your investment with Wintersnow Limited without your consent, citing supposedly rewarding trades or profit announcements.

You should never give your International Bank Account Number, Business Identifier Code and other bank codes to anyone you do not know. Similarly, you should not disclose your bank account or custody account numbers or passwords. Do not give custody account papers or securities statements from Wintersnow Limited to a third party who is unknown to you. Callers posing as investment advisers, online brokers or employees of a financial regulator are also dangerous.

Evaluate cyber trading providers with confidence

The usual capital investment fraud is carried out using well-known methods such as advertising, telephone canvassing or stock market letters. When it comes to fraud, the old-fashioned method is fast becoming obsolete in the online age. The current type of investment fraud could be described with the term “cybertrading”.

Financial products are traded here with dishonest intent via the World Wide Web. Fraudulent investments include investment products such as contracts for difference and virtual currencies. The offers of Wintersnow Limited were also applied by other providers in a similar way to lure investors into the trap. Investors are increasingly informing themselves about investment options on the web.

In this way, people rely on their personal expertise or on the recommendations of others in weblogs, forums and other online platforms when making their decision. The transition to increasingly different financial products has no lasting impact on the illegal activities related to the organisational structure. Since the mafia crime rings rely on already existing and widely accepted infrastructures, there is no need to adapt to a new “business model”.

Regardless of what financial instrument is traded, the process of cybertrading is largely identical. These investment products are aggressively advertised on social media platforms or with paid advertisements. In principle, this is all about illustrating enormously high returns. Calculate the likelihood of making high profits with Wintersnow Limited before you invest.

Unsolicited offers of help to recover investments?

Anyone who has ever lost money through a fraudulent investment platform knows how fatal that can be. That alone is bad enough. But in addition, the rip-off artists behind the bogus entity contact you by e-mail or phone call within a manageable time. This time, however, they do not pretend to be financial advisors from Wintersnow Limited.

Rather, they promise, for a fee, to provide assistance in recovering the stolen assets. Many criminals even appear to have been hired or instructed by trusted companies such as a tax authority. After stealing your personal data, the fraudsters often pose as good Samaritans. They guarantee to assist you in recovering the stolen money.

Even if you have invested money with a provider like Wintersnow Limited, it is possible that your data will be stolen. Anyone who has lost a substantial amount of money is usually distressed. The criminals take advantage of people’s worry by calling themselves money recovery companies. They offer their services under the guise of helping them recover their funds. That is, they securitise in a dubious manner that they will get back the money they lost.

Get your investment back from Wintersnow Limited? Contact us

Steps must be taken as soon as possible as soon as the suspicion is confirmed that an investment service provider is not acting correctly and there is a risk that the online broker is delaying payments. In addition to a report, which our lawyers prepare for our clients with the criminal police, and a report to the financial supervisory authority, the online broker should also be held legally responsible if necessary.

In this context, the claims against the operator of the trading platform agreed in the contract as well as possible compensation options are reviewed. In the case of money transactions, it is also important to check whether banks can be held liable in the event of an error. Claims for damages against banking institutions can arise, for example, in the case of money laundering or other criminal acts.

However, this must be examined depending on the respective facts. As soon as your online broker refuses to pay out, you should therefore immediately contact an experienced law firm:

  1. Give us the names and contact details of all the people you have been in contact with
  2. Describe your case to us in an email
  3. Tell us how long the broker has been refusing to pay you

The Herfurtner law firm will carry out a free initial assessment for you in connection with Wintersnow Limited. We will also let you know in good time whether we believe you have a realistic chance of recovering your losses.