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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.

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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

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NAGA, a Cyprus-based brokerage firm, received numerous trading allegations from users worldwide. These users have reported unfair deductions on winning trades, fund scams, and difficulties in accessing withdrawals. These negative NAGA reviews have become frequent on broker evaluation platforms such as WikiFX. In this article, we will look closely at the trading complaints while also keeping an eye on its regulatory status.

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Original Three days ago

India Just Bought a Record $15.2B of US Treasures in July — What It Means for INR and FII Flows

India bought a record $15.2 billion of US Treasures in July, lifting its total holdings to $202.6 billion from $186.4 billion in June, according to US Treasury data. The jump is the largest monthly net purchase on record for India, and it comes as China's holdings slid to an 18-year low. The figure was flagged by market commentator @Equities_Fraise on X, who noted the buying usually signals strong overseas capital inflows and RBI facilities pulling money in. The post, which has just 8 likes, points to better forex comfort and global confidence in India flows. The data itself is from the US Treasury's TIC report, released September 16.

Original Three days ago

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Original Three days ago