Caution! S9miners is an offshore company! Your funds may be at risk.
S9miners Key Features
🔴 S9miners services are not trustworthy, as the firm is connected to other scams- a warning sign!
🔴 S9miners is under no regulatory oversight and lies about it – a red flag!
🔴 S9miners is not transparent and does not have any tangible contact information – a red flag!
🔴 S9miners creates irrational expectations – a red flag!
S9miners Products and Services
S9miners is yet another HYIP scam that is trying to ride the wave of hype around crypto to defraund its victims. You see, there has been an increase in the interest of the retail trader when it comes to crypto assets – there has also been no increase in the knowledge of how the assets work! Therefore, you need to make sure you are not dealing with a scam – if you see an investment company offering the following kind of profit rates, you can be certain it is up to no good:
A ROI of about 5% daily would be nice, if it were possible to achieve. As it stands, however, S9miners cannot do so – no other firm can. Stay away from the company and anyone who claims the opposite to be true – they are scammers!
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.
S9miners Company and Regulation
S9miners is not licensed – it presents us with a certificate from the UK Companies House, which is not the regulatory body in the country. Of course, a check with the actual regulator in the UK did not reveal anything about S9miners – that is because the firm is completely unlicensed and lying about it. Stay away from such companies, as they are scams!
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.
S9miners Address and Contacts
S9miners only provides its clients with an email – that is an insufficient line of communication! Transparency is key when investing – firms that do not have it are not worth your time!
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.
S9miners.org Website Info
|SimilarWeb Ranking||None at the time of writing|
|WHOIS Reg. Date||2021-10-20|
|Owner||Redacted for Privacy|
|Administrator||Redacted for Privacy|
S9miners is affiliated with other scams, as the company’s IP address has been used by scammers we have covered before – here is what these firms are, so you can avoid them, as you should avoid S9miners:
Is S9miners Safe?
S9miners is not safe. That is the only conclusion that could be reached about the firm after covering every aspect of its service. Stay away from it and make sure you are only investing with legitimate firms instead!
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.