PeterMining review – is petermining.com a scam or a good investment platform?

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

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PeterMining Key Features

🔴 PeterMining provides access to a shady mining service – a warning sign!

🔴 PeterMining is under no regulatory oversight – a red flag!

🔴 PeterMining lies about its contact information – a red flag!

🔴 PeterMining creates irrational expectations – a red flag!

PeterMining Products and Services

PeterMining is yet another cloud mining scam. You see, these schemes rely on two things. Firstly, the people behind PeterMining see that crypto assets have become incredibly popular in recent years. Secondly, they see that there is still a low amount of general knowledge of said assets – and, therefore, the average person knows little to nothing of what is possible with them.

To make sure they reach as many victims as possible, said scammers offer investment plans with incredibly high return rates – here is what these rates look like with PeterMining:

There is no way that a company can ever hope to achieve a ROI of 3% daily – and that is one of the more modest plans with PeterMining! Stay away from firms that promise you the moon and the stars, for they cannot guarantee anything. And if you somehow think that it is possible for PeterMining to be so lucrative, consider the following question – if PeterMining had what it takes to offer such a high ROI, why would the people behind it not invest with the company and become incredibly rich overnight? Surely that would be both easier and more lucrative than having to pay third parties like you! And the answer to that question is that PeterMining is simply a HYIP scheme!

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.

PeterMining Company and Regulation

PeterMining is an unlicensed company – it claims to operate from Malaysia, but has no license from the regulatory body there. Unlicensed companies are mostly scams – avoid them!

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.

PeterMining Address and Contacts

PeterMining states the address above is where it can be found. However, as we mentioned, the firm is not licensed with the regulatory body of Malaysia – therefore, it lies about where it can be found, which is another strong indicator of a scam!

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.

PeterMining.com Website Info

Is PeterMining Safe?

PeterMining is not only unsafe – the company is a straight up scam! Avoid such risky companies when investing and stay safe!

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.