ID Mining Scam Broker Review: Beware of This Crypto Mining Company

ID Mining does not have any licenses or registrations to operate in any jurisdiction. This is a major red flag, as it means that the company is not subject to any regulatory oversight.

Is ID Mining Regulated By Any Authority?

It is not regulated by any financial regulator. This means that there is no one to protect investors if the company goes out of business or if it defrauds its customers.

ID Mining Pros and Cons

Pros:

• The company offers a variety of cloud mining plans to choose from.
• ID Mining has a referral program that rewards users for referring new customers.

Cons:

• ID Mining is not licensed or regulated by any financial authority.
• The company has a poor track record of customer service.
• There have been numerous complaints about ID Mining being a scam.

How Does ID Mining Reach To Their Prey?

ID Mining uses a variety of methods to reach potential victims. The company advertises on social media, in online forums, and through email spam. ID Mining also uses fake news articles and social media posts to promote its services.

Technical Details of ID Mining

Minimum Deposit:

The minimum deposit to start mining with ID Mining is $250.

Trading Platform:

This site uses its own proprietary trading platform. The platform is not very user-friendly and lacks many of the features that you would expect to find on a reputable trading platform.

Spread:

The spread of ID Mining is very high. This means that you will pay a lot of money in fees every time you trade.

Leverages:

They offers high leverages up to 1:100. This means that you can control a large position with a small amount of money. However, high leverage can also magnify your losses if the market moves against you.

Packages and Products They Offer