Our globalcryptominer.com review will expose why trading with this broker is a high risk. Those engaged with the Global Crypto Miner platform know what we are talking about. You better read this Global crypto miner Review for those wanting to sign up.
There are several issues found on the trading platform. First, this one goes with the crypto mining name, unlike other liquidity providers. There’s no crypto mining found on the platform or any crypto-related investments. Here’s our candid GLOBALCRYPTOMINER REVIEW.
Most traders usually sign up with trading platforms based on promises. And scammers know this and take full advantage. So you get a scam broker claiming to offer guaranteed profit margins in hours or days.
And that’s what exactly globalcryptominer.com has done. It has made sure everyone signs up with the platform. You get a platform not willing to offer much regarding their background and history.
Before signing up with their trading platform, you need to know a broker’s intention. With this liquidity provider, we don’t even know where to start. The broker fails to list their mission or objective to traders.
Instead, we get a platform claiming to offer high-profit margins. We know offering profit guarantees to users is not ideal. There’s no professional or trading expert who can make such promises. With market volatility, these promises are not met.
No, you get a custom-made trading platform that offers no legitimate interests. The platform is volatile and lacks the structure to build a skillful trader. You need to know the most preferred trading terminals in the industry.
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MT4 and MT5 are what experts and newbies use to get ahead in the trading world. These are experts that offer much in terms of improving skills. You need to go for platforms that are reliable at all times.
The platform that offers much in terms of reliability has to be MT4. It has been in the industry and helped thousands of traders. The user interface is engaging and easy to follow and understand if you are a newbie.
One of the main issues we have with their custom-built trading platform is instability. The platform is highly unstable and fails to offer much reliability. You need to stay away from such platforms or risk losing everything.
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Globalcryptominer.com offers four plans to choose from. These plans include Basic, Silver, Gold, and Platinum. Each of these plans promises something different to members. Here’s a closer look at each plan;
You can only deposit $50 and a maximum of $999. You get a promise of making 10 percent ROI after investing for 24 hours. Your capital is also included in the expected profit margin.
For the silver account holder, there’s a promise of 15 percent guaranteed ROI. You must invest a minimum of $1,000 to $4,999. The full vesting term is 24 hours.
With the gold account, traders enjoy a promise of making a 30 percent ROI. You have to deposit between $5,000 to a maximum of $9,999. The expected vesting period is three days. And the broker promises a bonus after each round.
It’s the most exclusive account and the plan with the highest tier. You get an account with 50 percent ROI. Members must deposit a minimum of $10,000 with no limit. The total vesting period is a week.
From what we can see, there are glaring issues with these accounts. It all starts with the insane promise of guaranteeing profit margins. As indicated earlier, the market doesn’t have margins for such guarantees.
No expert or even robot can manage to keep these guarantees. There’s also the trading issue, and the broker seems to invest and trade on behalf of traders. The few who get to trade are those trying not to hand over their trading to the broker.
Leverage and spreads for trading assets are not listed on the platform. We don’t know whether the platform offers fixed or variable spreads. And this is information critical to traders. You must know set conditions before engaging.
There are five classes of trading instruments available on the platform. These include commodities, crypto, forex, indices, and stocks. You get to trade commodities such as crude oil and natural gas.
The broker is unclear on what type of crypto investments are available when it comes to crypto assets. With the crypto miner name, you would expect crypto contracts. However, this is not listed as available on the platform.
Forex trading is at the core of the platform’s activities. We also don’t know the number of available trading pairs. We believe the platform offers both major and minor currency pairs. Some of the indices available include DAX, Dow Jones, and NASDAQ.
Stocks also take a big part of the platform’s investment and trading activities. You get to trade stocks from all sectors. These include stocks from aviation, manufacturing, and tech industries. Provided you don’t let the broker trade on your behalf.
Most of the crypto and forex communities have not engaged with the store. Upon conducting reviews, most claim the broker is a scam. And that’s why you need to stay away from this broker. You end up losing your investment.
Check for reviews of the broker, and you will find a pattern. No member has come out and heaped praise on the broker. Instead, it all seems to point to a broker unwilling to offer much accountability.
Don’t expect any contact or support from the broker. Once you sign up and deposit funds, all hell breaks loose. And that’s another reason why you must stay away. Without support, it means the broker wants to take full advantage.
The user dashboard is dismal at best; engaging with it is a tiresome effort. In addition, you get a far less intuitive member dashboard. The Menu fails to load most of the time and quotes different pairs. That’s not what you would expect from a professional trading platform.
Several members have already blacklisted the platform. We, too, will do so after checking the stats. After all, is said and done, GlobalCryptoMiner is a lowly-rated crypto and forex trading broker.
The broker ensures there are several depository options. These include bank and wire transfers. The broker will insist on crypto payments due to the unknown factor. You must not engage with such brokers.
Withdrawing funds from the platform is the biggest issue facing members. But unfortunately, no member has had the chance to withdraw funds from the platform. And that’s why we have to flag the broker as a scam.
Globalcryprominer.com is not a licensed or regulated trading platform. Please stay away from unregulated platforms. It doesn’t protect your interests and fails to have a legal framework.
Please stay away from the broker.
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