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Score
United Kingdom
2-5 yearsSuspicious Regulatory License
Suspicious Scope of Business
High potential risk
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Comparison
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Score
Regulatory Index0.00
Business Index6.16
Risk Management Index0.00
Software Index4.00
License Index0.00
No valid regulatory information, please be aware of the risk
Single Core
1G
40G
Risk Warning
Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.
General Information & Regulation
Feature | Detail |
Regulation | No Regulation |
Market Instrument | forex & cryptocurrencies |
Account Type | Starter, Basic, Standard and Advanced |
Demo Account | N/A |
Maximum Leverage | N/A |
Spread | N/A |
Commission | N/A |
Trading Platform | N/A |
Minimum Deposit | $40 |
Deposit & Withdrawal Method | Perfect Money, Bitcoin, Payeer & Advcash |
FX GLOBAL MINING TRADE is allegedly a forex and crypto broker registered in the United Kingdom and founded in 2021. The broker claims to provide its clients with four different investment plans and 24/7 customer support service. Here is the home page of this brokers official site:
As for regulation, it has been verified that FX GLOBAL MINING TRADE currently has no valid regulation. That is why its regulatory status on WikiFX is listed as “No License” and receives a relatively low score of 1.17/10. Please be aware of the risk.
Market Instruments
FX GLOBAL MINING TRADE advertises that it mainly offers forex and cryptocurrency trading.
Investment Plans
FX GLOBAL MINING TRADE claims to offer four types of investment plans - Starter, Basic, Standard and Advanced, with minimum initial deposit requirements of $1,000, $2,000, $5,000 and $10,000 respectively. In comparison, licensed brokers allow setting up a starter account with a minimum deposit of $100 or even less. Note that every client can only open one account, if the broker finds that someone has more than one account, the entire funds will be frozen.
Deposit & Withdrawal
FX GLOBAL MINING TRADE says that they accept Perfect Money, Bitcoin, Payeer & Advcash currently. The minimum amount of deposit is $40 for every program. Withdrawal funds are usually available within 12 business hours.
Customer Support
FX GLOBAL MINING TRADE‘s customer support can be reached by email: support@Fxglobalminingtrade.com or live chat. You can also follow this broker on social networks such as Twitter and Facebook. Company address: 3 Middlesex Street, London United Kingdom, E1 7AA. However, this broker doesn’t disclose other more direct contact information like telephone numbers that most transparent brokers offer.
Pros & Cons
Pros | Cons |
• Multiple investment plans to choose from | • No regulation |
• Low minimum deposit ($40) | • Only cryptocurrency payments supported |
• Lack of transparency |
Frequently Asked Questions (FAQs)
Q 1: | Is FX GLOBAL MINING TRADE regulated? |
A 1: | No. It has been verified that FX GLOBAL MINING TRADE currently has no valid regulation. |
Q 2: | What is the minimum deposit for FX GLOBAL MINING TRADE? |
A 2: | The minimum initial deposit with FX GLOBAL MINING TRADE is $40. |
Q 3: | Is FX GLOBAL MINING TRADEa good broker for beginners? |
A 3: | No. FX GLOBAL MINING TRADE is not a good choice for beginners. Not only because of its unregulated condition, but also because of the lack of transparency. |
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