LedgerMiner Trade is a forex broker whose official website domain was registered on October 8, 2022. It primarily offers investors trading services in financial derivatives such as forex, stocks, indices, energy, metals, and ETF (Exchange Traded Funds) contracts for difference (CFDs). This broker does not provide services to jurisdictions where it may violate local laws or regulations.
Company Registration Information and Regulatory Status:
Public information on the LedgerMiner Trade official website indicates that the broker has multiple corporate entities under its umbrella, regulated by multiple regulatory agencies. Among them, LedgerMiner Trade Ltd is authorized and licensed by the Cyprus Securities and Exchange Commission (CySEC) with license number 1780019. LedgerMiner Trade (registration number HRB11677B) is a designated agent of LedgerMiner Trade Ltd in Germany, regulated by the Federal Financial Supervisory Authority (BaFin), and has also been authorized as an investment dealer by the Mauritius Financial Services Commission (FSC) on October 2, 2017, regulated under license number C17554381. TVH Ltd is authorized and regulated by the Seychelles Financial Services Authority (FSA) with license number SD0175.
According to verification of its official website's public information, the Cyprus Securities and Exchange Commission (CySEC), Federal Financial Supervisory Authority (BaFin), Mauritius Financial Services Commission (FSC), and Seychelles Financial Services Authority (FSA) have not found any regulatory registration information on this broker.
Opening an Account:
To open an account with LedgerMiner Trade: visit the broker's official website, click on “SIGN UP FOR FREE” on the homepage or “SIGN UP” on the top right corner of the web page to enter the account registration page, fill in personal information such as name and email address, set a login password, and submit. Once the application is submitted, the account is successfully registered.
Account Types:
LedgerMiner Trade offers users a demo trading account and four different types of trading accounts: STARTER, BASIC, PRO, EXECUTIVE. However, the official website does not disclose any related information such as spreads, trading leverage, margin call/stop-out level, contract size, trading commission, minimum/maximum trading volume, maximum orders/positions, or minimum price precision.
Trading Platform:
LedgerMiner Trade provides users with a proprietary trading platform.
Deposits and Withdrawals:
LedgerMiner Trade supports deposits and withdrawals through local banks, e-wallets, or cryptocurrencies.
Summary:
Traderknows reminds investors that LedgerMiner Trade 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.
