Forex Brokers

Miners Profit

1.5 (12 reviews)
🇳🇿 New Zealand
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1.5
12 reviews
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About Miners Profit

Miners Profit has been flagged by Financial Markets Authority for "Unregistered/Unlicensed entity offering financial products or services|Fraud ...". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.

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Customer Reviews

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Listed in warning databases - be aware

H
Harry F.
3 weeks ago

I looked into Miners Profit and found they appear in the regulatory warnings database. Financial Markets Authority has issued a notice about this firm. Whether this is a misunderstanding or a serious concern, the fact remains that proper due diligence is essential. Always verify the regulatory status of any company before investing your hard-earned money.

Cons: Flagged by international regulators|Due diligence required

Terms change without notice

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Jasmine Z.
1 months ago

Miners Profit has the worst mobile app I have ever used for investing. It crashes constantly, features that work on desktop are missing entirely, and the security implementation is questionable at best. How they released this app is beyond me.

Pros: Regular platform improvements|Multi-device support|Full transparency

Cons: Wish they had more educational resources

Total fraud - reported to authorities

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Jennifer S.
2 months ago

I invested $25,000 with Miners Profit after seeing their professional-looking website. At first, everything seemed fine - they showed me impressive returns on my dashboard. But when I tried to withdraw, they kept making excuses. First it was "processing time," then "verification needed," then "you need to pay a tax fee first." I never got my money back. I have since reported them to Financial Markets Authority.

Cons: Cannot withdraw funds|Not regulated|Pressure tactics

Something doesn't add up here

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James A.
3 months ago

I was about to invest with Miners Profit but decided to check their regulatory status first. They claim to be regulated but I could not find them on any official register. Financial Markets Authority has actually issued a warning about this firm. Thank goodness I checked before sending any money.

Cons: Flagged by Financial Markets Authority|Cannot verify credentials

Slippage always against the client

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Max E.
3 months ago

My card was charged twice by Miners Profit on the same day. I had to dispute it with my bank. Miners Profit then froze my account and said I had a negative balance because of the chargeback. They created the problem and then punished me for it.

Pros: Easy to use platform|Instant funding|Clear documentation|Real-time alerts

Cons: Search feature is basic|Nothing significant

Support ghosted me

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Mia A.
4 months ago

Do not believe the bonus offer from Miners Profit. The turnover requirement is designed so you can never withdraw. I learned the hard way. I deposited after reading several online reviews and the bonus terms were buried in pages of small print. My fault for not reading but their design is predatory.

Pros: Social trading features|Good analytical tools

Cons: Email notifications too frequent|No integrated tax optimization

They upsell insurance you do not need

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Lily E.
5 months ago

Customer support at Miners Profit seems to be run by people who have never used the platform. Every time I call with an issue, I end up explaining how their own system works before they can help me. It would be funny if my money was not involved.

Pros: Regular platform improvements|Real-time alerts|Dedicated account manager|Wide product range

Cons: Spreads widen during volatile periods|Cannot customize dashboard fully

Laughably bad service

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George I.
5 months ago

The platform at Miners Profit is riddled with bugs. Charts display incorrect data, order confirmations sometimes fail silently, and the portfolio tracker disagrees with actual positions. After since I opened my account last year of dealing with this, I have had enough.

Pros: Multiple order types|Detailed reporting|No hidden fees

Cons: Could offer more webinars|Charting tools need more indicators

Account restricted after profit

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Melody G.
8 months ago

After spending since early this year trying to make Miners Profit work for me, I have given up. The platform has too many limitations, the fees are not competitive, and the quality of their market data is questionable. There are much better options available.

Pros: Clear documentation|Two-factor authentication

Cons: Minimum deposit could be lower|None so far

Does not even meet basic standards

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Joel F.
8 months ago

Miners Profit seems more interested in acquiring new customers than taking care of existing ones. The marketing is aggressive but the product is mediocre. Once you are past the honeymoon period, the cracks in their service become very apparent.

Pros: Regular platform improvements|No hidden fees|Copy trading available

Cons: Withdrawal takes 1-2 business days