Read our Snow Trade review to see if we recommend this broker for trading. Just to clear doubts, this is a snow-trade.com review.
Who are they?
After taking a look at their website, it shows that they do not fall under any regulating agency. That is a MAJOR RED FLAG!! That should be enough for you NOT to invest with them. And they also work with websites that offer “Automated trading software” which is another red flag, as this kind of websites are notoriously famous for scamming schemes.
So Snow Trade is just another unregulated forex broker, which means the customers are not protected, and there is highly likely they will get away with your hard earned money and there will be no regulating agency to hold them responsible.
How does it work?
Usually unregulated forex brokers work in the following way. They will call people to persuade them to make the initial minimum deposit, while trying any conceivable method in order to make that happen. They will offer deals that sound too good to be true, like we will double your initial deposit or you will make $100 per day easily. Please don’t fall for anything they say!!! It is a SCAM! After making the initial deposit, people get transferred to a smarter scammer, called a “retention agent”, who will try to get more money out of you.
Withdrawing funds
You should submit a withdrawal request ASAP, because your funds are never safe with an unregulated broker. And here is when things get tricky.
If you want to withdraw your money and it does not matter if you have profits or not, they will delay the withdrawing process for months. If they delay it for six months, you won’t be able to file a chargeback anymore and your money is gone for good. It does not matter how often you remind them or insist in withdrawing your money, you will NOT get them back. And if you signed the Managed Account Agreement or MAA, which is basically authorizing them to do anything they want on your account, they will lose all your funds so there won’t be anything to request anymore.
How to get your money back?
If you already deposited your money with them and they refuse to give your money back, which is very likely to happen, don’t worry, it might be a way or two to get your money back.
First of all you need to keep the emails as a proof that you have been requesting the money back from them but they don’t give it to you, or they delay the process for too long, with the intention of not refunding your money.
The first thing you should do is perform a chargeback! And you should do this right away! Contact your bank or credit card provider and explain how you were deceived into depositing for a trading company that is not regulated and they refuse to give your money back. This is the simplest way of getting your money back and is also the way that hurts them the most. Because if there are many chargebacks performed, it will destroy their relation with the payment service providers. If you haven’t done this before or you are not sure where to start or how to present your case to your bank or credit card company, we can assist you in preparing your chargeback case. Just contact us at [email protected] but do not let your broker know they you read this article or that you are in contact with us.
What about wires?
If you sent them a wire, there is no way to perform a chargeback on a wire. For this step you need to raise the fight to a different level. Tell them that you will go to the authorities and file a complaint against them. That will get them to rethink the refund possibility. Another thing you can do is prepare a letter or email for the regulating agencies. Depending on the country where you live, you can search on google to find the regulating agency for Forex brokers in that country. After that you can prepare a letter or an email describing how you got deceived from them. Make sure you show this letter or email to them, and tell them you will send it to the regulating agency if they don’t refund your money. If you do not know where to start, reach for us at [email protected] and we will help you with this step as well.
Make sure you leave reviews about Snow Trade in other sites
Another way to hurt them and save other people from falling victims is to leave bad reviews on other sites, and describe shortly what happened. If you fallen victim please leave a review and a comment on this site at the comment section. Also, when these people change their website they tend to call the old clients, so if they call you from a new website please write it down on the comment or let us know it by contacting us. That would be really appreciated by us and families all over world. Also if you get phone calls from other companies please put the name of these companies also in the comment or send it to us. We will expose them too.
Snow Trade Review Conclusions
Making the Snow Trade review is actually a pleasure for us, and we hope to save as many people as possible from losing their hard earned money. A good rule of thumb is to carefully review all the Forex companies and any other company for that matter, before you perform any transaction. We hope that our Snow Trade review has been helpful to you. If you have any questions or you need an advice about the withdrawing process, feel free to contact us at [email protected].
If you like to trade please do it with a trustworthy, regulated broker, by choosing one of the brokers listed below.
This is a scam, avoid this website at all costs. They steal your money and are full of excuses. Total liars.
Do not get sucked into this scam as I did. Constantly makes pathetic excuses and has so far refused to approve constant withdrawal requests.
Cant give a single fucking star. Everything is scam. They think that we know nothing about the trading platforms. Don’t get caught in this scam people. First, they ask you to deposit a $300. “PLEASE DON’T FORGET THAT YOU CAN’T WITHDRAW THE MONEY FROM SNOW TRADE, YOU CAN SEE THE WITHDRAW OPTION BUT WITHDRAWAL ISN’T IN YOUR HANDS, IT IS FUCKING DESIGNED THAT WAY “. Once you deposit, boom! You lose money, and if you keep depositing jus make-up your mind as you will be losing whatever it is you are depositing. They try to explain something which is not useful and show you $20 deposit. Don’t get caught when you see the deposit. They ask you to deposit thousands. I spoke with this agent, named, ADAM SILVER. He’s fucking fraud.. I’ve all proofs of call recording and screenshots of his emails. No.1 fraud. I don’t know about the others. If you share your crypto details, boom… your money gone again. They act so fucking rude, if we don’t deposit money. And when we ask our deposit back they say some stories, dont fucking listen to those… So, to conclude, it’s a fucking SCAM.
Snowtrade, worldtrade365, financialeducation365 all these are fraud..
Absolute scam artists. You get assigned an account manager, who shows you how to use the platform and also trade and then links their account to your crypto wallet and steals money. Avoid these people. Cant retrieve as it goes to an unrecognised blockchain address. They want to use anydesk on your computer as well to show you around! Do not connect with them. They build up confidence to invest with them over time and let you withdraw from your account a small amount to show you it can be done. https://snow-trade.com/ is the website they used and this is their email that they gave me. [email protected]
Unfortunately I have been scammed by these people. They are also known as Crypto-Trade 365, which is a part of financialeducation365, and now this account manager David Peterson & Seth Morrisson has used snowtrade email address.
Do NOT trust:
Crypto-trade365.com
Financialeducation365.com
What a Scam, they initially got me to deposit $300usd and when I made some money and wanted to withdraw I was robbed of $2300usd by accessing my bank account.
Beware of this company as they are Scammers / Frauds.
I am in London at the moment and with my English friends who deal with security we have contacted Scotland Yard.
These guys are TOTAL PROFESSIONAL scammers. They are extremely good at what they do. They advertise saying they will invest the money for you in order for a small fee. This is FAKE. They advertise to get your name, phone number and email address. Once you complete the online form they make contact with you, allocate a manager for you who rings you. The manager is very friendly, very convincing and very patient. They speak English very well and DO NOT have that typical Indian or African type accent They are prepared to talk to you by regularly ringing you to convince you to invest with them. Once you invest with them they will give you a client number and you create your own password. You can even access your account and check your online balance on a daily basis via their website
Don’t be FOOLED by the increase in your balance. The increased balance in your investment is deliberately done for a reason. The reason is for them to eventually ring you to ask you for extra money as their computer system shows trades that will be profitable in the very near future. For every dollar you invest it means it goes into their pockets. Everything turns sour and goes wrong once you try to withdraw your investment and the fake profit there is nothing there.
To get your ‘money’ out you need to open an account via a trading platform known as Binance. Binance is legitimate. According to your manager you need to convert your money into cryptocurrency in order to get it out. This is where things go wrong.
Their excuse is that Binance does not recognise you or that that it is locked in the Binance blockchain. The only way to get it out is to make another transaction equivalent to your FAKE balance amount. DO KOT INVEST WITH THIS FAKE ORGANISATION.
Snowtrade.com platform is fake.
They are all complete scammers.
David Peterson and Leo Bianco and a Danny Simon’s all scammed me so badly. I lost every cent I had they stole $175aud from me. I wish I realised earlier that they were a pack of scum bags. I dont know how they live with them selves or even look a man in the face being such low lives.
Has anyone had any contact from Josh Millar or got an email address for him he seems to be controlling Seth Morrison, Leo Bianco and Benjami Adams, we need to stop these people the government are allowing them access to UK numbers to contact whoever the like in the UK to do their evil work not only taking ur saving but forcing you to take out loans to get your money back then your also left with the debt..its the devil’s work on planet earth….and we need to STOP them somehow.
Snowtrade.com is a very evil and professional scaming organisation.
They stole 175,000 aud from me and I cant get one cent back from these people.
Account manager David Peterson and Danny Simon’s and Leo Bianco are such crooks. They do this for a living stealing people’s hard earned money.
Snow-group.net now is advertising in Australia pretending to be one of the main Bank (Commonwealth Bank) here in Australia. I am one of their victims, I made a deposit of $370 and I was contacted by those two individuals Adam Cross and Josef Stern trying to get more money from me. they use platform called expert-trade.io.
WARNING SNOW TRADE EXPERT TRADE IS A TOTAL SCAM IVE LOST 240000 scum bags Benjamin Adam’s Kevin Lee and the list goes on cybercrime ATO AUSTRALIA FEDERAL POLICE ARE GETTING CLOSER TO BRING THESES SCUM BAGS DOWN DO NOT INVEST YOUR MONEY WITH THESES SCUM BAGS
Simon, Agree they need to be caught, scammed me too, they are pure evil they don’t care how much it destroys peoples life’s and affects our kids future prospects, they only care about how much they can steal……I actually feel sorry for them what a miserable existence they lead living of others hard earned/saved cash, how can you actually be happy with yourself knowing its not your money your actually spending. UK police not interested, hopefully Aussie police will get them….ALSO please be aware of FOLLOW-UP SCAMS claiming to be Blockchain support and Ciphertrace, its just those creeps.. Recent calls from Thomas Rubin for EXPERTRADE and Walter Ross of so called Ciphertrace…..i think they are all working for the “Crypto Queen” wherever she is, UK Police said they thought they were in Iceland, don’t know if that was a joke or serious…but if they are scamming in Aus, i would say they are everywhere….lets pray they get caught sooner rather than later…
What ever you do do not trade with anyone advertising on Facebook Instagram tick-tock all the social media sites, if anyone by the name, Benjamin Adams, contact you and ask you to trade from London, steer clear total scam, they will take every think you have Benjamin Adams is a total scumbag
Same …ADAM CROSS. Total scam as above. thankfully I only invested $300 AUD with them but I will be going to the bank asap to get a chargeback done.
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