Miners Trade – An Obscure Investment To Make You Rich?

Miners Trade

Everyone wants to be rich, even though there are few that actually make it to their dream level of riches. The reason is that there may be no definite formula for riches or that there are distracting offers that could make the individual lose focus as we shall see with Miners Trade.

There are millions of site online that promise investors that they are on their path to instant wealth, however, there are few that actually live of their billing, so most times, the investor is at a loss whether a particular site is worthy of their attention or not.

If you’ve come across Miners Trade and consider buying investment from the site, it is important that you spare time and read through this post for guidance that would enable you make the appropriate decision.

What is Miners Trade?

Miners TradeThe site claims that it is a futures contract management agency that trades on the stock market. It stated that it uses predatory technology to gain advantage in the marketplace whatever that means and is also involved in startup investments to the benefit of investors.

The About Us page has elaborate content on how the company goes about making its profit ostensibly to convince the investors that they would be in profit by buying its investment plans.

However, we are concerned with the verification of the claims made by the site and conducted a background check to know its veracity.

Plagiarism of Site Content

Miners TradeThe first indication that Miners trade may not be reliable is the content on the site which was mostly plagiarized from other sources. This is dishonest practice and from experience, we are aware that sites that practice this are mostly fraudulent.

For example, on its About page, the site stated:

“Dominance on the stock trading market is a problem, which can handle only by a well-organized and well-motivated company. Since the organization and operation of commercial entities are effected by means of shares, the major indexes and commercially attractive lots of shares are highly liquid commodity. And we need a lot of effort and work to be the first to buy one or the other lot.”

That was no doubt a professional content, so we cross-checked the content to make sure that it originated from Miners Trade since the site claimed that the company is run by professionals. The content could not pass the plagiarism test. You can see another site from which it was copied below.

Miners TradeThis means that the owners of the site are not experts in the field but fraudsters using ideas of others to pass as theirs. This is to convince the investors that they know what they’re talking about.

The Quest to Confuse

The use of confusing terms and jargon is a strategy employed by fraudsters to create the impression that they are experts in a new or specialized field why not many understand.

They try to sound intelligent to confuse the investor and make them just send the investment funds which would be stolen by the fraudsters.

This is a consistent strategy employed on the Miners Trade site. According to the Securities and Exchange Commission:

“Fraudsters often use complex new technologies to perpetrate investment schemes.  They can claim their technology is highly secret.  Investors should always be suspicious of hard to understand pitches that accompany promises of outsized returns.  Sometimes the language includes spelling, grammar, and typographical errors that can make the description confusing – another red flag the “investment” could be a scam.”

Elimination of Risks

According to the site, the investor faces no risks in using the company as an investment manager:

“Full and unconditional elimination of the risks of the investment process, the loss of investment funds provided by our company in the investor control is achieved by accurate, correct and efficient use of hardware and software online trading and expertise of our traders, when even in the case of the probable loss of the price of one securities markets almost instantaneously, by the standards of performance of computer systems, compensation of such losses occurs by the profit received by us on another securities market.”

Every experienced investor knows that this is false information. There is no investment without risks and it is one of the warnings that every legitimate investment company should display on their site. SEC warns that this is one of the signs that you are dealing with a fraud.

“Most fraudsters spend a lot of time trying to convince investors that extremely high returns are “guaranteed” or “can’t miss.” Don’t believe it.”

Miners TradeFurthermore, it is obvious from the ROI promised on the site that this is a HYIP which are generally scams. There is a basic plan that promises the investor 120 percent.

This should be a clear signal that you are dealing with a fraud since no genuine investment site would promise you such returns. Higher plans have rewards of up to 300 percent. Fraudsters lure investors with such high ROI to steal their funds.

A 12 Year Old Company

On the FAQ page, the site claimed that:

“This is a group of companies with 12-year-old practice of trading on the world’s leading trading platforms and business reputation, was recognized among the best-known stock market operators.”

This is quite contrary to the evidence that we got. A Whois search shows that the domain was registered on May 12, 2019. Scams usually arrogate longer existence to themselves to give potential investors a false sense of security that that have been around long enough and so reliable.

Miners Trade

No One Knows the Owner

You should expect that a company that has been involved in the stock market would have a known CEO and other officials listed on its site. This is not the case but rather, all the claims made on the site were found to be misleading.

For instance, the name on the certificate listed on the site is Coutts Bitcoin Mining Company, which is a different entity from Miners Trade.

Fraudsters are known to supply false information or even stolen documents and IDs to deceive the investor knowing that there are few that actually cross-check them for authenticity.

Miners Trade

A Virtual Office

The site claimed that the company’s office location is at 1, Northumberland Avenue, London, WC2N 5BW. This contradicts the address on their certificate.

The address is a virtual one used by companies and individuals that do not have offices in a city like London. This enables such entities to just access their mails through this location. There are presently 213 companies using the address.

Miners Trade

Conclusion

Fraudsters and their phantom investment sites thrive because there are many investors who do not care to research before investing. Luckily, you’re not among those.

Investments are safer with regulated companies. This eliminates the risk of having your funds stolen by malicious players. You can check our top recommendation that enables you to grow your assets by copying experts at no extra cost.

Have you had experience with Miners Trade? You can share them using the comment box below. You can contact us using the contact form to alert us of any shady investment sites that need investigating.

 

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Author: Jofor Humani

Peddling words has been a passion beneath the surface. I speak less than I write...naturally. Aside speaking and writing, I walk too...good for your heart they say. I sometimes do not feel like writing. Then I enjoy quiet times which I use to think and stay with family.

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