121mining-hub is a CFD broker whose official website domain was registered on December 27, 2023. This broker mainly provides numerous trading markets, including forex, commodities, stocks, indices, bonds, and cryptocurrencies, through trading platforms like MT4, MT5, and cTrader.
Company Registration Information and Regulatory Status:
Public information on the 121mining-hub (www.121mining-hub.ltd) website indicates that the broker is registered in the UK under the entity 121mining-hub.ltd company, with registration number 65996181. The broker also claims to hold a license to provide financial services in the United States.
However, upon verification, no entity named 121mining-hub.ltd company with registration number 65996181 could be found on the UK Companies House website. Additionally, although the broker claims to be licensed to provide financial services in the US, it has neither specified the regulatory body nor provided a license number, rendering the claim unverifiable.
Furthermore, the "Contact us" page on the broker's website changes the name of the broker to Stock Expert Traders.
Account Opening:
To open an account with 121mining-hub: visit the broker's homepage, click "OPEN AN ACCOUNT" to access the registration page, fill in the required personal information such as name, email, and set a login password. Submit and verify the account to complete the registration process.
Trading Plans:
121mining-hub offers three trading plans: BASIC PLAN, PREMIUM PLAN, and BUSINESS PLAN.
BASIC PLAN:
- Return on Investment: 15%
- Return Period: 24 hours
- Minimum Investment: $50
- Maximum Investment: $500
PREMIUM PLAN:
- Return on Investment: 25%
- Return Period: 48 hours
- Minimum Investment: $501
- Maximum Investment: $2500
BUSINESS PLAN:
- Return on Investment: 30%
- Return Period: 4 days
- Minimum Investment: $2501
- No maximum limit
Trading Platforms:
The 121mining-hub website claims to offer MT4, MT5, and cTrader trading platforms, but does not provide any download links. Additionally, the broker cannot be found on these platforms.
Deposits and Withdrawals:
121mining-hub does not clearly disclose the supported deposit and withdrawal methods, fees, or minimum amounts on its website.
Conclusion:
Traderknows reminds investors that 121mining-hub is actually an unregulated fraudulent website. It is recommended that investors choose brokers with transparent information, strong regulation, and good reputation for their investment activities to avoid unnecessary financial losses.
Currently, this broker is marked as "Scam" on Traderknows.
