Dealing with a reputable and licensed broker is very important. Otherwise, you will have to lose all of your investment with a scammer company. Unfortunately, there are numerous scam brokers out there looking to take advantage of unsuspecting traders. One such broker that has raised concerns is IDMining.com. In this review, we will examine the legitimacy of IDMining.com and whether it can be trusted.
Is IDMining.com A Licensed Broker?
The first red flag with IDMining.com is the absence of proper licensing. This broker is mainly dealing with mining tools and technologies They claim they use sustainable energy but no proof of these claims. They claim they are operating in over 200 countries, but we all know that we have total of 195 countries in the world. What a scam tricks!
Why Should Not You Trust An Unlicensed Broker?
Trading with an unlicensed broker can be extremely risky. Without proper regulation, there is no oversight to protect traders’ interests. Unlicensed brokers often engage in fraudulent activities, such as manipulating prices, withholding withdrawals, or even disappearing with investors’ funds. Therefore, it is highly advisable to avoid unlicensed brokers like IDMining.com.
Can IDMining.com Be Trusted?
Considering the lack of proper licensing and regulatory oversight, it is difficult to trust IDMining.com as a legitimate broker. They did not show any license information. As they are in the UK, they should have regulations from the FCA. But, we found nothing but a UK business directory submission number.
What Do Traders Think About IDMining.com?
Many traders have reported their cases through online forums and reporting websites. They mainly complaints about the difficulties in withdrawing their funds, poor customer support, and suspicious trading practices. These experiences further solidify the concerns regarding IDMining.com’s credibility and reinforce the notion that it cannot be trusted.
Scammed By IDMining.com – Talk To Our Experts
If you have fallen victim to IDMining.com’s fraudulent practices, it is crucial to seek professional assistance. Our team of experts specializes in dealing with scam brokers and can provide guidance on potential recovery options. Contact our experts to discuss your situation and explore possible avenues for recovering your funds.