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Officialbitmining

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Operating status: SCAM

Website: https://officialbitmining.com/

Broker violations and abnormal records
  • 2023-04-24 BrokersView has Reviewed that Officialbitmining is an Unregulated Broker

    There is no any regulatory information on its website. The truth is that Officialbitmining is not under valid regulation by any regulators to do forex. Investors' funds in this broker are unsafe and cannot be protected by any law. Therefore, it is a scam.


    There is no any regulatory information on its website. The truth is that Officialbitmining is not under valid regulation by any regulators to do forex. Investors' funds in this broker are unsafe and cannot be protected by any law. Therefore, it is a scam.

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Q&A

I am considering to trade with Officialbitmining. Is this a good choice?

Life Seeker
Mali
2023-04-27
ANSWER Officialbitmining is an unlicensed broker we advise against trading with, despite the seemingly attractive deals it offers.Officialbitmining doesn't provide details about its regulatory status, which is a clear indication of an unlicensed broker, as legitimate ones always prominently display their accreditation and licenses. In addition, when browsing through their website, we noticed that it claims to be located in the US. However, our search for this broker in the registry of the National Futures Association (NFA), America's authority to regulate futures and derivatives markets, didn't yield any results matching it.Regarding your question, we strongly suggest you avoid dealing with Officialbitmining since it is not subject to any recognized financial regulatory body. Entrusting this broker with your funds is highly risky, as there are no safeguards in place to prevent fraud or theft. Therefore, investors are suggested to stay away from unlicensed brokers like Officialbitmining and opt for fully regulated ones instead.
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Risk Warning:

FX trading is of high risk and may not be suitable for all investors. Leverage will create additional risks and loss. Before trading, please carefully consider your investment objectives, experience level and risk tolerance. You may lose part or all of your initial investment; do not invest money that you cannot afford. Educate yourself about the risks associated with FX trading. If you have any questions, please consult an independent financial or tax advisor. Any data and information are provided "as is" and only for information purpose, not for trading or recommendations. Past performance does not predict future results.

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