MiningCoins247 Review – Is a Scam or Safe?

MiningCoins247 Review – Is a Scam or Safe?

Caution! MiningCoins247 is an offshore company! Your funds may be at risk.


MiningCoins247 Key Features

🔴 MiningCoins247's services are questionable- a warning sign!

🔴 MiningCoins247 isn't licensed- a red flag!

🔴 MiningCoins247 isn't transparent- a red flag!

🔴 MiningCoins247 creates unrealistic expectations- a red flag!

MiningCoins247 Products and Services

MiningCoins247 comes as a Forex broker promising a stable, reliable, guaranteed weekly income for all of their customers. And here comes the problem- the legit brokers never promise guaranteed stable passive earnings, so MiningCoins247 apparently isn't a Forex broker at all; it's a lie! But things are even fishier because MiningCoins247 promises fixed 100% profitability for only 72 hours- most likely impossible to achieve! So, at the end of the day, MiningCoins247 happens to be just another dubious HYIP that may as well be an online Ponzi. Beware!

HYIP stands for High-Yield Investment Programme and these businesses usually promise higher ROIs (return on investment) than usual. In some cases, the offers are just ridiculous- up to hundreds and thousands of percentages per day, which certainly can't happen. To draw a comparison, even the wealthiest banks or investment funds are not capable of delivering more than 10% per year, let alone per day or week. Therefore, the products and services assessment suggests that you'll be at risk if you deposit.

That being so, it's worth considering trendy alternatives that can help you build an extra income, such as Forex brokers PAMM managed accounts, social trading or crypto services that may as well fulfil your investment needs. For example, many cryptocurrency exchanges already provide passive income opportunities like BTC and ETH staking but make sure to subscribe to well-known, proven networks.

MiningCoins247 Company and Regulation

Country:UK, Canada

MiningCoins247 alleges to have headquarters in Canada and the UK, but we could trace no such company, so the HYIP is totally illegal or an offshore IBC. Either way, MiningCoins247 isn't regulated as we found no other licensed financial firms associated with it, meaning that your investment will always be at risk if you deposit there. You'd better avoid it!

The lack of regulation implies that the people operating this HYIP are working unchecked, meaning they can misuse or misappropriate your funds, eventually bearing no responsibility for their actions. To draw a distinction, regulated investment companies are forced by law to follow certain rules that guarantee the safety of clients' funds. For example, to get a license, a firm should meet minimum capital requirements that vary from country to country and may also depend on the product specification as there are many types of investments possible- stocks, bonds, mutual funds, banking products, fixed-income, retirements and so on.

In the US, the minimum capital requirement is 20 million USD, which happens to be among the heftiest in the world. Other than that, US financial services companies are also required to keep accounts segregated, thus ensuring that clients' money can't be exposed to unnecessary risks or stolen. However, it's worth noting that the US regulatory framework is very complex as there are numerous financial authorities, among which NFA, CFTC and SEC, to name a few, and all of these monitor companies in one way or another. The US markets may be tricky for the ordinary investor, so make sure to acquaint yourself with the environment before you've wasted money on potential scams like the one under review. And you'd better avoid unregulated investment businesses at all times.

MiningCoins247 Address and Contacts



CANADA 190 Du Nenuphar Rue, Cowansville, QC, J2K 0C8

Phone number:+527226359034
E-mail:[email protected]

MiningCoins247, provides three address locations, but none of it can actually be validated; what's more, the UK address is linked to a number of exposed crypto and Binary scams, so MiningCoins247 may as well be a part of a larger network. Whatever the case, though, MiningCoins247 isn't located on either of these addresses, so they knowingly provide false information, so as to remain anonymous- the absence of transparency is always a red flag!

When it comes to investing, transparency is crucial as you should know who's running the investment and where your money actually is. Legit firms always operate transparently and are bound by law to provide the public with basic corporate information, including addresses, contacts and legal documents disclosing all provisions related to the service. And our experience shows that it’s most probably a scam if you can't reach anyone over the phone given, can't validate the addresses or can't in any other way prove that the investment provider has the authorisation to offer financial products. Website Info

Alexa RankingNone at the time of writing
Server Country DE
WHOIS Reg. Date2021-11-04
RegistrarHostinger, UAB
SSL certificateValid
OwnerGain More; 49780 CA371 Aguanga CA 92536 United State 92536 Aguanga CA; [email protected]
AdministratorGain More; 49780 CA371 Aguanga CA 92536 United State 92536 Aguanga CA; [email protected]

Is MiningCoins247 Safe?

MiningCoins247 is not safe! It's a fishy unregulated brokerage, so you'd better avoid it because your money will be at risk if you deposit there.

Scam Warning

Dealing with HYIPs and other unregulated investment providers is not recommended for many reasons. Above all, the absence of regulation strongly suggests a scam as only regulated firms are authorised to provide investment services. As you probably guess, scams can't flourish in a strong regulatory environment, so you'd better think twice before you've deposited with unregulated investment schemes.

The authorisation is only granted when the firm complies with the requirements and standards, which guides how the entities should treat you as a customer and what sort of information they should give you. Each country's regulator maintains a register of licensed firms and the investment services that each licensee is authorised to provide. On the other hand, unauthorised firms aim to avoid complying with the controls that legal, authorised entities are subject to, thus leaving investors entirely unprotected. Needless to say, scammers want to get you totally unprotected, and that's why they always work without a license.

As for HYIPs themselves, many of these schemes operate precisely as a Ponzi because many investors can actually withdraw initially, but sooner or later, the service will inevitably close. HYIPs usually target traders and investors with little or no experience by promising fictitious investment opportunities said to deliver unrealistically lucrative gains. 10% or 100% per day certainly isn't a legit offer.

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