Overview of Bitmining Fx Review:
Trading is a great way to earn passive income. With the right amount of knowledge and a legitimate brokerage firm, any trader can easily earn great returns. However, these profits are often stalled by the scam brokers that have entered the industry in huge numbers. Bitmining Fx is yet another scam broker that we are going to review today. Despite claiming to be one of the top brokerage firms in the world, Bitmining Fx fails to mention much information about itself.
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About Bitmining Fx:
In this section, we will be specifically discussing all the offers and demands met by Bitmining Fx. We will also be explaining in detail why these points are problematic and raise red flags wherever necessary.
Bitmining Fx Regulation:
Regulation is a very important aspect of the trade industry. For any brokerage firm to legally operate in the market, they must have a license issued by the regulators. However, acquiring a license is not exactly easy. The brokerage firms have to go through a series of tests in order to get a license. This is the reason why the scam brokers do not have access to the licenses. In our case, Bitmining Fx does not state on their website any kind of license. Upon checking with the top-tier regulators, we realized that Bitmining Fx does not have a license and is UNREGULATED. We must never trade with a brokerage firm that is unregulated.
Bitmining Fx Demo Account:
Demo accounts are necessary for the traders to get acquainted with the working of the trade market and the company. The legitimate brokers always provide their customers with a demo account as they adhere to the rules set by the regulators. However, this is not the same with the scam brokers as they do not have any supervisors. In our case, Bitmining Fx does not provide its customers with a demo account. This makes it impossible for the traders and us to try out their trading accounts and software. This raises yet another red flag against the Bitmining Fx scam.
Bitmining Fx Team and Founders:
The information about the team and founders plays a vital role in deciding whether the company is good or not. Furthermore, revealing the names of the founders is very common in every industry. However, Bitmining Fx does not provide any information about the team members of the founders. This is suspicious and clear that the brokerage firms have something to hide. This raises yet another red flag against the Bitmining Fx scam.
Conclusion: Is it Scam or Legit?
To sum up, all that has been said above, we can safely conclude that Bitmining Fx is nothing but a complete scam. We request our readers not to trade with this Bitmining Fx scam and risk their money. If you have been scammed by Bitmining Fx, report now and get instant solutions to recover your funds.