MiningExpress is a CFD broker whose official website domain was registered on April 9, 2024. The broker primarily provides investment services in markets such as forex, cryptocurrencies, indices, stocks, energy, and commodities. It does not offer services to countries and regions where doing so may violate local laws or regulations.
Company Registration Information and Regulatory Status
According to public information on MiningExpress's official website (miningexpress.online), the broker was founded in 2016. It claims that its corporate entity is VLS and that it is regulated by the Australian Securities and Investments Commission (ASIC). However, the broker does not disclose detailed company registration information or specific regulatory details.
Upon verification, no company named "VLS" was found to be regulated by ASIC.
Therefore, MiningExpress (miningexpress.online) is essentially a scam broker website with no corporate entity or regulatory oversight.
Account Opening Process
The account opening process for MiningExpress includes: visiting the broker's official website, clicking on "Open Account" on the homepage or "SIGN UP" at the top right corner of the webpage to access the registration page, filling in personal information such as name and email, setting a password, and submitting. Upon account verification, the registration will be successful.
Trading Products
MiningExpress offers clients a variety of trading products, including forex, indices, commodities, stocks, and cryptocurrencies.
- Forex: Forex trading involves exchanging different currencies. Known for its high liquidity, it allows traders to profit from currency fluctuations.
- Indices: Index trading allows speculation on the performance of entire markets or specific sectors without trading individual stocks. By exploring popular indices, traders can find diverse trading opportunities and use high leverage to enhance potential returns.
- Commodities: Commodity trading covers essential global market resources, enabling traders to buy and sell various raw materials, including metals, energy, and agricultural products.
- Stocks: Stock trading allows investors to take part in price fluctuations and dividends based on company performance without actually holding the shares.
- Cryptocurrencies: Cryptocurrency trading offers digital currency enthusiasts opportunities to profit from highly volatile assets.
Investment Plans
MiningExpress provides eight different types of investment plans: STARTER, PREMIUM, VIP MEMBERSHIP, FOREX SIGNAL SUBSCRIPTION, STARTER ACCOUNT, CLASSIC ACCOUNT, PLATINUM, and FOREX SIGNALS.
STARTER:
- Minimum deposit: $600
- Minimum expected profit: $2,500
- Maximum expected profit: $5,000
- Trader education*
- Risk management
- Tax-free spread trading profit
PREMIUM:
- Minimum deposit: $1,500
- Minimum expected profit: $10,500
- Maximum expected profit: $15,000
- Expert news and analysis
- Competitive spreads
- Advanced trading tools
- Tax-free spread trading profit
VIP MEMBERSHIP:
- Minimum deposit: $5,000
- Minimum expected profit: $15,000
- Full suite of benefits
- Trader education*
- Advanced risk management
- Tax-free spread trading profit
FOREX SIGNAL SUBSCRIPTION:
- Professional Forex signals
- Up to 10 signals per day
- 95% success rate
- 24/7 support
- Advanced trading tools
- Payment in Bitcoin only
- Use with any broker
STARTER ACCOUNT:
- Minimum deposit: $500
- Minimum expected profit: $3,500
- Maximum expected profit: $5,000
- Trader education*
- Risk management
- Tax-free spread trading profit
CLASSIC ACCOUNT:
- Minimum deposit: $5,000
- Minimum expected profit: $45,000
- Maximum expected profit: $50,000
- Expert news and analysis
- Competitive spreads
- Advanced trading tools
- Tax-free spread trading profit
PLATINUM:
- Minimum deposit: $10,000
- Minimum expected profit: $99,999
- Full suite of benefits
- Trader education*
- Advanced risk management
- Tax-free spread trading profit
FOREX SIGNALS:
- Professional Forex signals
- Up to 10 signals per day
- 95% success rate
- 24/7 support
- Advanced trading tools
- Payment in Bitcoin only
- Use with any broker
Trading Platform
MiningExpress offers a self-developed trading platform which claims an average order execution speed of less than 7.12 milliseconds and more than adequate aggregate liquidity providers, with over 12,000 orders executed per second.
Deposits and Withdrawals
MiningExpress only supports deposits and withdrawals in cryptocurrency.
Conclusion
Traderknows reminds investors that miningexpress is a scam broker that entices investors with high returns to deceive them. The website has no corporate entity and no regulation. It is recommended that investors choose brokers with transparent information, strong regulation, and good reputation for investment activities to avoid unnecessary financial losses.
Currently, this broker is marked as a "Scam" on Traderknows.
