SpotMiningFx Review: Scrupulous Broker

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  • Fund Safety
  • Regulation
  • Customer Support


SpotMiningFX uses a common marketing strategy among fraud entities. You come across customers claiming to experience the best investment services and trading conditions. However, it would help if you did not fall for any testimonials without verifiable evidence.

SpotMiningFX is an online trading company that promises traders multiple advantages. They provide forex, stocks and crypto trading services to customers. Moreover, before trading on the platform, you would consider several factors. Thus as you read this impartial review on SpotMiningFX, we highlight the ambiguity it exposes. You can immediately notice the red flags available at first glance on its website. 

SpotMiningFx Review, SpotMiningFx Company

In addition, Scammers promise profits that are improbable to attain even in well-established companies. Meanwhile, these forex trading companies apply tried and tested strategies. Thus unlike SpotMiningFX, you can expect sensible profits on your hard-earned money.  The investment firm has a poor outline on its website. You can barely find relevant information on its services. Nevertheless, the company claims about being the best forex company in the market. It takes a lot to brag about being the best platform. 

SpotMiningFX gives you access to 40,000+ trading instruments. Moreover, if all the promises they render to traders are true. The traffic margins ought to show the same. They brag about having made multiple traders rich. The main concern, however, is how they attain the results it speculates. Nothing the company claims is sensible, and as you read further, you reconsider your trading decisions. Review looks to avail trading services to all sorts of customers. Accordingly, as a novice trader, you require some educational assistance before trading. Therefore courses, video tutorials and webinars assist in understanding the market. Even so, scam companies often provide a basic explanation of trading terms. Nevertheless, you can find similar data on the internet at no extra cost. Also, investing without education and understanding of the market is inadvisable. 

SpotMiningFX makes trading seem like a walk in the park without any suitable approach. Scammers promise you state-of-the-art technology, and upon signing up, you get shocking results. The investment firm does not reveal the kind of algorithm its software uses. Also, automatic trading is preferable to humans since they do not mix trading with emotional interference. Thus before investing, it would help if you are cautious to avoid shady platforms.

SpotMiningFX not only fails to unravel transparency in its operations. The company does not provide any data on its founders or team of employees. They promise expert-level services while trading. However, there are no qualifications data to prove the same. Additionally, you may rely on trade directions from people who have no idea of the market. SpotMiningFX, just like every other scammer, maintains high anonymity. As a result, fraudsters form clone companies and attempt to rob innocent traders. 

How Operates does not present a suitable style of recommendable operation. Also, the company exposes numerous scam traits. So expecting some preferential treatment from anonymous people is absurd. The company operates mysteriously, raising even more doubts about its services. Also, the market faces massive competition, so you require proper investment strategies.

Moreover, there is no such thing as consistent results. So while investing, you may end up encountering losses. SpotMiningFX does not include stop-loss to take profit or any risk management measures. The market faces high volatility, and risk features help curb losses during sudden market shifts.

Additionally, scammers find multiple ways to persuade you to make deposits. So you may come across bonuses on the first amount up to 100% or more. Furthermore, the estimation of the returns in fraud companies is attractive yet unattainable. Also, investment firms similar to SpotMiningFX cut you off upon receiving funds. 

The company does not have any evidence of trade activities going on. SpotMiningFX may be making negative results, which explains why similar data is missing. In addition, trade history for three months or more helps to determine trade outcomes. The software available for trading is not compatible with Metatrader, suitable for trading purposes. So relying on the web trader will expose you to malicious third-party attacks.

Funds Safety

SpotMiningFX does not show any relevant data to affirm your money is safe. Also, the security of your cash is a top priority to consider in any platform. Relying on n mysterious people not only puts your money at risk. Personal data as well may fall into the wrong hands attracting criminal activities. Review, Broker

SpotMiningFX does not have any evidence of swift transactions made by its customers. Also, you do not come across a demo account to test and familiarise yourself with its operations before investing real money. You may end up purchasing the wrong tools. The company appears only to benefit the unsung people behind its operation. Also, there is no bank data available to prove your cash is safe. SpotMiningFX founders and employees may keep money in personal accounts as they persuade you to wait for mysterious results. However, the company has multiple red flags and negative reviews. So you should not ignore such data.


SpotMiningFX uses a common marketing strategy among fraud entities. You come across customers claiming to experience the best investment services and trading conditions. However, it would help if you did not fall for any testimonials without verifiable evidence.

Scam companies pay professionals to write positive remarks regarding a shady platform. Fraudsters use stock images and names of people who hardly know the market’s existence. SpotMiningFX shows similar data, and they claim to win multiple rewards and awards that are non-existent in the trading world.

Deposits and Withdrawals

SpotMiningFX’s Minimum investment amount is $200. Moreover, the figure is quite costly, considering the ambiguity it exposes. Also, you come across non-refundable funding options. Hence it would help to consider using the credit or debit option for chargeback claims up to 540 days.

The company does not include a refund policy if its services do not meet expectations. SpotMiningFX fails to reveal how long it takes to process the withdrawal request. Scammers find ways to hold your money for long. Eventually, they end up disappearing with your funds. Also, you may come across hefty commission charges and still be incapable of withdrawing your money.

Customer Support

SpotMiningFX location address is 12 Duke Street, Liverpool, City, England. However, fact-checking the location address does not correlate to the company. You can hardly trace scammers once they receive your money due to high anonymity. 

Nevertheless, working customer support helps gain more trust between you and the company. Also, the company looks forward to providing a friendly interface that is improbable to attain without proper customer relations. SpotMiningFX allows you to contact them via email and telephone contact. Moreover, the main concern is if you receive any reply. Legit entities will provide instant support, if not fast.

Regulation status of SpotMiningFX

SpotMiningFX claims to be fully regulated by the FCA. However, the Financial Conduct Authority website does not have any data regarding the platform. Moreover, it is illegal in most countries to access public funds without following regulation measures. Unregulated companies often break trade laws as they please since they’re not bound to any measures.

Furthermore, these regulated forex companies showcase a high level of transparency. You can easily find and verify the available documents with the responsible watchdogs. The investment firm does not provide information on the founders because they risk facing criminal charges. Scammers cannot afford regulation fees, and often they face bankruptcy quickly.

Final Verdict

SpotMiningFX does not appear under the radar of any legit regulator. In addition, the company seems only to be after customers’ funds. They promise customers affiliate commission up to 50%. However, inviting friends and family to the company only exposes them to scam potential.

Nevertheless, it would help to consider using reliable forex trading companies for a pleasant investment experience. Also, unlike SpotMiningFX, you encounter suitable investment strategies.


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