PlatinumLiveMining.Online review – 5 things you should know about platinumlivemining.online

PlatinumLiveMining.Online review – 5 things you should know about platinumlivemining.online

Rating: 1

Beware! PlatinumLiveMining.Online is an offshore broker! Your investment may be at risk.

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PlatinumLiveMining.Online is just like very other scammer broker that we have reviewed. It follows a steady set of unofficial steps, like a lack of a license and a ton of ambiguous and downright fake information, among other more specific aspects. What these are and how they fit into the whole scam aesthetic is what this review is all about.

After a very simple account creation we expected to get access to the user area, but in the end we didn’t even get a confirmation email. What this means is that there is no way to access the user area.

Not only that, but we have substantial proof that there is no trading software. We have given explanation as to why that is.

And let us not forget that without a trading software, the broker cannot offer trading conditions (spread, assets, leverage), and thus PlatinumLiveMining.Online cannot be considered an FX broker.

PLATINUMLIVEMINING.ONLINE REGULATION AND SAFETY OF FUNDS

The broker claism to be regulated by the MFSA, but not the Maltese one. Instinctively, we though of the Malta Financial Services Authority, since this is its official abbreviation, however the legal docs claim the following:

So, the MFSA stands for a completely arbitrary thing that on both a surface level and the inside level completely unrelated to the MFSA name. Moreover, the US Financial Services Authority is a non-existent entity. It’s a made up organization; and what’s more is that to even lie about a US-based regulation is unacceptable, considering that the US is the most demanding of all FS ecosystems.

We also find a claim in the footer that the FCA, BaFin, AMF, and CONSOB regulate the broker, but these are simple claims that can easily be overturned, and they are. None of these agencies oversee PlatinumLiveMining.Online.

Last but not least, the website of PlatinumLiveMining.Online bears an uncanny resemblance to TradesCenters.com. It’s actually actually the exact same website with minor differences. Both a unregulated and scams.

PlatinumLiveMining.Online is a pure scam and an unregulated entity.

We challenge anyone to give us a reason to invest in an unregulated broker! Joke aside, there isn’t a bigger online investment risk than this. That is why it is crucial to always check the broker for a license, Make sure that the company appears in the regulator’s database, and if so, proceed. If not, make sure no move to the next broker.
Any UKEUUS, or Aussie regulated broker will do, and there are also a heap of offshore regulators as well as international ones that do a great job. The choices are limitless, and there is no reason to lose hope if you happen on an unlucky streak of unlicensed brokers. Regulated brokers keep their promises of safety and fairness without compromising on the excitement of trading. Furthermore, the FCA and CySEC are famous for including compensation schemes with all their regulated brokers, plans that aid users at times when their brokers cannot pay its users back.  The FCA guarantees up to £85 000, while CySEC guarantees up to €20 000 per person.

PLATINUMLIVEMINING.ONLINE TRADING SOFTWARE

There is no trading software. There are tow main argument for this.

One. The website offers no downloads link or no access to a trading software at all. And second, the same probably applies for the user area, even though we had no access to it.

Considering that the broker is the same as TradesCenters.com we can conclude that there is no software at use here. This is because TradesCenters.com had absolutely no trading platform at all. And this is before we actually looked to the website.

All the evidence is against PlatinumLiveMining.Online here; there is no trading terminal.

PLATINUMLIVEMINING.ONLINE DEPOSIT/WITHDRAW METHODS AND FEES

We will be taking all the information on payments from the website, and this is what we got.

So, the minimum deposit is said to be $500, which is not a common value since this is actually quite high a requirement.

On the footer we find logos representing a whole sway of credit cards, debit cards, e-wallets, and even a crypto, plus a wire transfer options. However, we don’t have any proof that the broker applies these payment methods and deposit caps.

Furthermore, there are actually no withdrawal details, and so we we can’t talk of these. And also, we cannot be sure that there is actually a way to withdrawal here, considering the state the broker is in.

None of these payment details should be taken seriously, because the website of which this one is a copy (or vise versa) did not have legit payment conditions. It offered a BTC wallet as a depositing method, and a barely functioning withdrawal area.

There is no reason to invest in this company. You will lose money and get your ID documents stolen and/or manipulated!

HOW DOES THE SCAM WORK

Investments schemes rely heavily on online ads to help them progress and perpetuate their scams. Online ads allow for the creation of an illusory lifestyle that seems a few clicks away, whereas is reality such forged dreams are granted to a lucky few out there.

Entering the scammer brokerage website is like entering a candy store, where the candy actually tastes bad, and it leaves you with bad gums. These scammers will take all your money- as much as you give them. This happens by them contacting the user and soliciting him or her for deposits. The charming overtones are a must and the lies are endlessly delicious. They won’t let you put the phone down until an investment has been made, and they will go through their entire arsenal of lies and deceits to do so!

Investing for the first time is a thrill, and the broker will make sure that the feeling lasts so long as the user invests at least once more. The job of the retainers- those expert scammers- is to keep the client invested in the scam, financially, as long as possible. Again, the bag of tricks is full! They might even pay you back some just to create a false impression of a professional liaison. Scammers never lose sight of their goal- draining as much cash as possible from its invested users!

The point will come when the user will want to spend all that suspiciously easy-acquired money. Of course all withdrawal attempts will be futile, but there is nonetheless an ironic appeal to the ways in which scammer brokers lie their way through every canceled withdrawal request. Some brokers even might shut the entire website down, if they have felt that their financial goals are reached.

WHAT TO DO IF SCAMMED

Chargebacks are technically the most secure way of retrieving your funds, although many scammer brokers take precautionary actions to prevent these. However, it does not hurt to try! MasterCard and VISA have a chargeback period of 540 days.

Bank transfer frauds are harder to get around, and the only advice we can give you is to contact your bank and talk to them. Oh, and don’t forget to change your bank account user name and password.

All investments made by a crypto wallet can only be recovered if the fraudsters feel generous, which has not been observed.

There are also these ambiguous figures that will promise to track and bring your money back using some undisclosed tricks and techniques. Many desperate users trust these recovery agents enough to pay them an advance fee. Then these agents disappear with your money, leaving you even more financially hurt.

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