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MINEOTRADINGFX

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Operating status: SCAM

Website: https://www.mineotradingfx.com/

Broker violations and abnormal records
  • 2023-09-07 The UK FCA issues a warning against MINEOTRADINGFX

    On September 8, 2023, the Financial Conduct Authority (FCA) issued a warning against MINEOTRADINGFX, believing this broker might be providing financial services or products without proper authorization. https://www.fca.org.uk/news/warnings/mineotradingfx

    On September 8, 2023, the Financial Conduct Authority (FCA) issued a warning against MINEOTRADINGFX, believing this broker might be providing financial services or products without proper authorization. https://www.fca.org.uk/news/warnings/mineotradingfx
  • 2023-09-10 BrokersView has reviewed that MINEOTRADINGFX is an unregulated broker

    MINEOTRADINGFX provides a company number (09916745) issued by the Companies House (CH) to appear legitimate. However, this number belongs to a company called RADIANCE CONSULTING LTD which has applied to strike its name off the Companies Register. furthermore, whether MINEOTRADINGFX is related to RADIANCE CONSULTING LTD is unclear. This is a red flag.

    In addition, the Financial Conduct Authority (FCA) has issued a warning against MINEOTRADINGFX, believing this broker is providing financial services or products in the UK without proper authorization.

    In essence, MINEOTRADINGFX is not regulated by any governing body. Entrusting this broker with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds. 

    MINEOTRADINGFX is unequivocally a scam.

    MINEOTRADINGFX provides a company number (09916745) issued by the Companies House (CH) to appear legitimate. However, this number belongs to a company called RADIANCE CONSULTING LTD which has applied to strike its name off the Companies Register. furthermore, whether MINEOTRADINGFX is related to RADIANCE CONSULTING LTD is unclear. This is a red flag.In addition, the Financial Conduct Authority (FCA) has issued a warning against MINEOTRADINGFX, believing this broker is providing financial services or products in the UK without proper authorization.In essence, MINEOTRADINGFX is not regulated by any governing body. Entrusting this broker with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds. MINEOTRADINGFX is unequivocally a scam.

Related Complaints

Q&A

Should I trade with MINEOTRADINGFX?

Rajesh Tsukan
Panama
2023-10-17
ANSWER No, we strongly suggest you avoid MINEOTRADINGFX as it is an unlicensed broker and there are no rules in place to protect you from fraud and identity theft.MINEOTRADINGFX claims to have a company number (09916745) from the Companies House (CH) to look credible. But this number actually belongs to a company named RADIANCE CONSULTING LTD that has requested to remove its name from the Companies Register. Moreover, it is uncertain if MINEOTRADINGFX has any connection with RADIANCE CONSULTING LTD. This raises a serious concern.Also, the Financial Conduct Authority (FCA) has alerted against MINEOTRADINGFX, suspecting this broker is offering financial services or products in the UK without adequate authorization. The full FCA warning can be accessed here.In short, MINEOTRADINGFX is not supervised by any regulatory body. Trusting this broker with investors' funds is very risky, as there are no legal safeguards to protect the funds. If it goes out of business or disappears, there are no ways for its clients to recover their money or get compensation. To mitigate these risks, it is advisable to opt for a fully regulated broker instead.
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