Global Broker Regulation Inquiry App

About WikiFX

Broker Search

English

简体中文

繁體中文

English

Pусский

日本語

ภาษาไทย

Tiếng Việt

Bahasa Indonesia

Español

हिन्दी

Filippiiniläinen

Français

Deutsch

Português

Türkçe

한국어

العربية

اردو

Download

WikiFX Express

Beware: How This Unregulated FX Broker, Omega Pro, Gets More Traders

Grand Signal Markets Ltd: We Cooperate with the Tax Bureau Do Not Trust That!

WikiFX

| 2022-09-09

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.

Broker Forex trading Forex Broker Forex news

Beware: How This Unregulated FX Broker, Omega Pro, Gets More Traders

Related Brokers

Not Regulated

Grand Signal Markets

Grand Signal Markets Limited

https://www.grandsignal-fx.com/en.html

1.82

Score

2-5 yearsQuestionable Regulatory LicenseSuspicious Operational RegionHigh Potential Risk

1.82

Score

IG Review for India 2026: RBI Alert List, Regulation, Login, and Forex Risk

IG review for India in 2026: see the RBI Alert List entry, overseas regulation, login checks, forex limits, and a clear broker safety checklist.

Original Yesterday 21:31

Orbex Review 2026: Are Traders Worried Over Profit Confiscations & High Commissions?

Orbex, a Cyprus-based brokerage entity, has recorded 30 exposure complaints on WikiFX, a leading forex broker regulation inquiry tool, so far. Other review websites have also recorded a healthy number of complaints against the brokerage firm. These complaints largely talk about the alleged profit confiscations by the broker in the name of trading violations, difficulty in accessing fund withdrawals, capital losses due to artificial slippage, etc. In this Orbex review, we have investigated user complaints and provided a regulatory overview of the broker.

Original Yesterday 20:55

FCA Warns Swift TradeX on 1 September 2026: 7 Checks Before Paying

FCA warns Swift TradeX in a notice first published and updated on 1 September 2026. The UK Financial Conduct Authority says the firm may be providing or promoting financial services without permission, is not authorised, and may be targeting people in the UK. The notice names the website swifttradexai.com, a Worcester address and a UK telephone number, but also cautions that unauthorised businesses may use incorrect or borrowed contact details. The confirmed issue is authorisation status—not a court finding about every transaction. Anyone considering a payment should stop, verify the firm independently, and avoid using contact information supplied by the platform itself.

Original Two days ago

ThinkMarkets Review for India 2026: RBI Alert, Regulation, Login, and Forex Risk

ThinkMarkets review for India: check the RBI Alert List, overseas entities, regulation, login security, forex rules, costs, withdrawals, and leverage risk.

Original Two days ago