Note: For some unknown reason, we cannot open FXMINERS official site (https://fxminers.com/) while writing this introduction, therefore, we could only gather relevant information from the Internet to present a rough picture of this broker. Traders should be careful about this issue.
General Information & Regulation
FXMINERS is allegedly a forex broker registered in the United States that claims to provide its clients with a choice of four different live account types.
As this brokerage's website cannot be accessed, we were unable to obtain further details about its trading assets, leverage, spreads, trading platforms, etc.
As for regulation, it has been verified that FXMINERS does not fall under any valid regulations. That is why its regulatory status on WikiFX is listed as “No License” and receives a relatively low score of 1.32/10. Please be aware of the risk.
Market Instruments
FXMINERS advertises that it is a forex broker that mainly offers forex trading. However, more specific information about tradable assets cannot be found on the Internet.
Account Types
FXMINERS claims to offer four types of trading accounts, namely Classic, Premium, Exclusive and Professional. The minimum initial deposit amount is $100 for the Classic account, while the other three account types have much higher minimum initial capital requirements of $1,000, $5,000 and $10,000 respectively.
Commissions
FXMINERS claims that the spread for different account types is different. Specifically, the commission is 5% for the Classic account, 8% for the Premium and Exclusive accounts, and 10% for the Professional account.
Deposit & Withdrawal
The minimum initial deposit requirement at FXMINERS is said to be $100. However, the broker says nothing about the acceptable deposit and withdrawal methods.
Customer Support
FXMINERS customer support can be reached by telephone: +1 (408) 827-7992, email: Support@fxminers.com. Company address: 171 Marsh Wall Canary Wharf, London, England, E14 9YT.
Risk Warning
Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.
