Coin Mining Trader is purporting to offer trading in Binary options with up to 90% in payouts.
The platform is announcing that they provide over 50 different financial assets stocks, indices and spot fx.
In addition to this, Coin Mining Trader is also offering trading signals with 60% win rate.
Trades on the Coinminingtrader platform can be executed in 0.028 seconds.
Contests, deposit bonuses and features like Islamic accounts are offered too.
Their website states that Advanced Binary Technologies Ltd is the company behind CoinMiningTrader.
Is Coin Mining Trader legit?
No, they are not legit. Everything about them is fake. They are also providing a bogus US address.
Binary option brokers in the US must be regulated by the CFTC.
But this broker is operating without a license, which means that their location is most probably not in the US.
Furthermore, this broker is very new. They have not built any reputation yet.
The awards they claim to have won in the previous years are also fake.
If Coin Mining Trader started in July 2019, how did they win the awards in 2016?
Should you trade with CoinMiningTrader?
If you invest with a fake trading platform that runs anonymously and without a regulator’s license, you will lose money.
Under no circumstances should you trade with a broker like this one.
This is not a true broker. They are going to steal from you and when that happens, tracing your money will be next to impossible.
The faceless individuals running this project are further complicating it.
Thanks for reading our CoinMiningTrader review.