Prudence Mining is a forex broker whose official website domain was registered on June 21, 2022, mainly offering 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 where it may violate local laws or regulations.
Company Registration Information and Regulatory Status:
According to public information on Prudence Mining's official website, the broker has multiple corporate entities and is regulated by several regulatory bodies. Among them, Prudence Mining Ltd is authorized and licensed by the Cyprus Securities and Exchange Commission (CySEC), with license number 1780019. Prudence Mining (registration number HRB11677B) is a designated agent of Ultra Booster Trade Ltd registered with the German Federal Financial Supervisory Authority (BaFin). Additionally, the broker was authorized by the Mauritius Financial Services Commission (FSC) as an investment dealer and is regulated by it, with license number C17554381, since October 2, 2017. TVH Ltd is authorized and regulated by the Seychelles Financial Services Authority (FSA), with license number SD0175.
However, upon verification of its official website’s public information, neither the Cyprus Securities and Exchange Commission (CySEC), the German Federal Financial Supervisory Authority (BaFin), the Mauritius Financial Services Commission (FSC), nor the Seychelles Financial Services Authority (FSA) had any regulatory registration information for this broker.
Opening an Account:
To open an account with Prudence Mining: visit the broker's official website, click on “SIGN UP FOR FREE” on the homepage or “SIGN UP” at the top right corner of the page to enter the account registration page. Fill in personal information such as your name, email address, and set a login password then submit. Once the application is submitted, the account can be successfully registered.
Account Types:
Prudence Mining provides users with a demo trading account and four different types of trading accounts: STARTER, BASIC, PRO, EXECUTIVE. However, information related to spreads, trading leverage, call/stop loss margin levels, contract sizes, trading commissions, minimum/maximum trading volume, maximum position/order quantity, and minimum price precision is not disclosed on its official website.
Trading Platform:
Prudence Mining offers users its proprietary trading platform.
Deposits and Withdrawals:
Prudence Mining supports deposits and withdrawals via local banks, e-wallets, or cryptocurrencies.
Summary:
Traderknows reminds investors that Prudence Mining is a scam platform providing false regulatory information, with its website design and content identical to those of brokers such as Sterling Asset, FS Main, Venus Mining, Upfront Fx Trade, Safe Invest Trades, and Reliable Bitcoin Mining. 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.
