PlutonXminer Review: Another Investment Scam

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PlutonXminer Review: Another Investment Scam

PlutonXminer is another crypto and forex investment platform to avoid. The platform doubles up as a forex trading platform and an avenue to invest in crypto. Those who have signed up with Pluton X Miner are ruing the decision. The store fails to protect members from negative balance protection adequately. To add salt to injury, PlutonX Miner doesn’t allow withdrawals. Yes, once you deposit funds, forget about withdrawing. Learn more in our detailed PLUTONXMINER REVIEW.

A Closer Analysis of PlutonXminer

The about us page claims PlutonXminer is the preferred broker to thousands of traders globally. These are false claims, as the platform doesn’t even have a solid footing in the industry. We highly suspect that is another exit scam.

NOTE: When investing in cryptocurrency, the best options are those proven by experts. Go for investment strategies that the community has used and gained from them. Try out coin staking, DeFi, and Masternoding.

PlutonXminer is not your average investment platform, and it’s far worse. The platform doesn’t engage properly with members right from the word go. The platform blocks all attempts to reach out for comment.

PlutonXminer About pros and cons

On the homepage, you can easily see the lack of professionalism. The website fails to give members any valid information on what to expect. It’s as if the platform wants members to sign up with them blindly.

And that’s where we have to draw the line with it. The platform is a complete sham that fails to mention any trading features. It even has a black-themed website which is far from ideal. These reasons made us know it was a false investment option.

Sadly, there have been naïve investors who signed up with the platform. None of them has so far made any lead in withdrawing funds. Their attempts to contact the platform have hit a wall. The platform doesn’t respond to withdrawal requests.

Before you invest or trade with any platform, please do some due diligence. Try and find out the experiences of other traders. It will give you more insight into what to expect with the platform. Doing due diligence will save you from being the next victim.

Advantages and downside of PlutonXminer

When you make a decision, you have to weigh the advantages and snags of a platform. It will clearly depict the platform’s ideals and overall performance. Failing to do so will lead you to fall for such scams.

Some platforms take advantage of investors by offering features that seem advantageous. These include having a large bonus or deposit promotion. Some platforms even provide large referral commissions to members that don’t make sense.

Our review will help expose the rot that’s happening. It will give you an idea of what to expect with this platform. Please stay away from the platform or risk losing everything. The platform is a complete hoax.

Accounts and tiers PlutonXminer

The platform offers one single account for all manner of investing. You get a call to open an account and start trading. The features of these accounts remain unknown until you open an account and deposit funds.

It has a shady user area that doesn’t match today’s trading member dashboard. You only see the few trading instruments and a buy/sell tab. It has to be one of the worst member dashboards we have seen for a while.

Account features

These accounts don’t have any features available for picking. The platform hides leverage information and spreads. And that’s another reason to stay away. We found out the platform constantly changes leverage positions.

A demo account version doesn’t relate to the live account. So you only get a buy-and-sell option on the demo account of three tech stocks. There’s no indication of pairs for other trading instruments.

Accounts PlutonXminer

Account opening process

Opening an account with the platform is fast. You only need to fill in the form and deposit funds. However, there’s a hidden narrative the website doesn’t want members to know. And it all starts with the verification process.

The platform will ask for verification documents, including bank statements and credit card information. We don’t see why the platform would do such a thing. There are other ways of verifying accounts.

You can use a two-factor authentication method like other platforms. The thing is, we don’t know what the platform does with these documents. We suspect the platform is planning to sell this information and create new personas.

Business owner

There’s little information available pointing us to who owns or runs the platform. And that’s just the most prominent issue you will find in any investment program. Anonymity is not a feature you would want to associate with when investing.

An anonymous platform means you don’t know who is responsible for the funds. The platform can decide to shut you out, and there’s nothing you can do about it. Members are currently facing this crisis on the platform.

Are funds safe with PlutonXminer?

Your funds are far from safe with a platform that fails to offer any meaningful investment. The platform fails to segregate accounts or even protect members from negative balances. We have a platform that fails to comply with industry regulations.

And that means there’s no insurance cover for deposits made by members. The amount deposited with regulators would have acted as insurance cover. Without such deposits, members are open to risks such as no compensation after insolvency.

Client reviews and testimonies

You won’t find any client heaping praise on the platform. It’s a known fact now that Pluton X Miner is a scam. The platform doesn’t even have an active social media platform. It goes to show the platform wants to remain underground.

Contact and support

Don’t expect any contact or support from the platform after depositing funds. Before then, the platform will even make a point to call you, urging you to deposit funds. That’s before you know what the platform is all about.

Is trading with risky? YES

Demo account

The demo account is invalid. So there’s no need to even talk about it.

Deposit and withdrawal methods

We have a long list of acceptable deposit options. These include bank and wire transfer channels. You can also deposit via crypto options with Bitcoin and USDT acceptable. The problem comes when you want to withdraw funds.

No member has had the chance to withdraw funds from the platform for the past few weeks. A platform is a fraudulent option that will drive you to bankruptcy. Please avoid it, as no withdrawal is possible.

Is licensed or regulated?

PlutonXminer is not a regulated platform despite its claim of being compliant. As a result, the platform fails in its duty to offer much-needed protection. Instead, we have a platform that will likely lead you to a long exit.

There are no documents to prove the platform has a permit to operate. Despite claiming a license from the Dominican Republic, there are no such documents. An open platform will openly share their license credentials.

Before you sign up with any platform, make sure to check with the authorities. Check with regulators in your jurisdiction whether the platform has a license to operate.

Our verdict PlutonXminer

Please stay away from

PS: Go for reliable crypto investment strategies licensed by regulators.

Feel free to drop a comment or email us with any queries.

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