MinerUW is a forex and CFD broker that claims to offer a variety of trading products and services. However, there is a growing body of evidence that suggests that Miner UW is a scam.
Company Overview
It am a relatively new broker, having been founded in 2022. The company is registered in the Marshall Islands, which is a well-known tax haven. Miner UW does not have any regulation from any major financial authority.
Does Miner UW have Any License?
No, MinerUW does not have any license from any major financial authority. This is a major red flag, as it means that the broker is not subject to any oversight or regulation. We did not find any license information on their website.
Is Miner uw Regulated By Any Authority?
No, MinerUW is not regulated by any authority. We searched with major regulatory organizations and we did not find any information. No organization is regulating means they are not bound to provide any financial security to their clients.
Mineruw Pros and Cons
Pros | Cons |
Leverage up to 1:500 | Unregulated |
Easy-to-use trading platform | Poor customer support |
Fake testimonials | |
Slow withdrawals |
How Does Mineruw Reach To Their Prey?
Miner UW uses a variety of methods to reach its prey. They often target inexperienced traders with promises of easy profits. Miner UW also uses social media and online advertising to attract new clients.
Technical Details of Mineruw
Minimum Deposit
This information is not available on their website. We searched for the information and some of their previous traders revealed this information in their experience with this broker. The minimum deposit requirement at MinerUW is $250. This is relatively low, but it is still higher than some other unregulated brokers.
Trading Platform
MinerUW uses the MetaTrader 4 trading platform. This is a popular platform that is used by many other brokers. However, there have been reports of problems with the Miner UW MT4 platform, such as slow execution and inaccurate quotes.
Spread
We did not find any information on their website. But, from different online forums, we found their spreads are very high.
Leverages
Miner UW offers leverage up to 1:500. This is a very high level of leverage, which can be risky for inexperienced traders.
Packages and Products They Offer
Miner UW offers a variety of trading products, including forex, CFDs, and commodities. They also offer a variety of account types, each with its own set of features and benefits.
Withdrawal and Deposit Method
Miner UW offers a variety of withdrawal and deposit methods, including credit cards, debit cards, and wire transfers. However, there have been reports of delays and problems with withdrawals from Miner UW.
What do Their Previous Traders say?
There are a number of complaints about MinerUW online. Former clients have accused the broker of fraud, manipulation, and refusing to process withdrawals. There have also been reports of MinerUW using fake testimonials to lure new clients.
Summing Up- Why Should Not You Trust Miner uw
There are a number of reasons why you should not trust MinerUW. The broker is unregulated, has a poor reputation, and has been accused of fraud. There is also no evidence that MinerUW is actually profitable. If you are considering trading with MinerUW, I urge you to reconsider. There are many other regulated and reputable brokers out there that you can use instead.
If Bad Things Happen, Where Can You Get The Quick Solution?
If you have lost money with MinerUW, you may be able to get your money back. There are a number of organizations that can help you with this. Financial regulatory organizations provide reporting facilities to investigate cases. But, most of the time, these cases get stuck due to several reasons.
If you are looking for a faster solution, you can contact us. You can report to us and we will review the case. Also, you can see our guides and blogs for guidelines. After review, you will get a free consultation and service recommendations to help you in recovering the lost find.
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Final Thoughts
Miner UW is a scam broker. We urge you to stay away from this broker and to trade with a regulated and reputable broker instead. If you have lost money with Miner UW, you can contact us for a quicker response.
