Profit Miner24 is a forex broker whose website domain was registered on November 27, 2023. It primarily offers investors trading services in financial derivatives such as forex, stocks, indices, energy, metals, and ETF contracts for difference (CFDs). This broker does not provide services in jurisdictions that may violate local laws or regulations.
Company Registration Information and Regulatory Status:
According to public information on Profit Miner24's official website, the brokerage operates under several corporate entities and is regulated by multiple regulatory bodies. Profit Miner24 Ltd is authorized and licensed by the Cyprus Securities and Exchange Commission (CySEC) with license number 1780019. Profit Miner24 (registration number HRB11677B) is designated as an agent in Germany registered with the Federal Financial Supervisory Authority (BaFin) under Ultra Booster Trade Ltd, and it was authorized as an investment dealer by the Financial Services Commission (FSC) of Mauritius on October 2, 2017, with license number C17554381. TVH Ltd is authorized and regulated by the Financial Services Authority (FSA) of Seychelles, with license number SD0175.
However, according to verification of its official website’s publicly available information, the Cyprus Securities and Exchange Commission (CySEC), the Federal Financial Supervisory Authority (BaFin), the Financial Services Commission (FSC) of Mauritius, and the Financial Services Authority (FSA) of Seychelles do not have the brokerage’s regulatory registration information listed.
Opening an Account:
To open an account with Profit Miner24: visit the broker's official website, click on “SIGN UP FOR FREE” on the homepage or “SIGN UP” in the top right corner of the web page to access the account registration page. Fill in personal information such as name, email address, and set a login password before submitting. Once the application is submitted, the account will be successfully registered.
Account Types:
Profit Miner24 offers a demo trading account and four different types of trading accounts: STARTER, BASIC, PRO, EXECUTIVE. However, details such as the spread on its official website, trading leverage, margin call/stop-out levels, contract sizes, trading commissions, minimum/maximum transaction volumes, maximum open positions/orders, and minimum price granularity are not disclosed.
Trading Platform:
Profit Miner24 provides a proprietary trading platform to its users.
Deposits and Withdrawals:
Profit Miner24 supports deposits and withdrawals via local banks, electronic wallets, or cryptocurrencies.
Summary:
Traderknows reminds investors that Profit Miner24 is a scam platform providing false regulatory information, with its website design and content identical to those of brokers such as CoinPayment FX, Reliable Sure FX Trade, Elys FX Trade, Global Finance FX, Vedit Luminus, and Irex Global Chain. Traderknows advises investors to choose brokers that are transparent, strongly regulated, and have a good reputation for their investment and trading activities to avoid unnecessary losses to their assets.
Currently, this broker is marked as "Suspected Scam" on Traderknows.
