TMining is a cryptocurrency mining company that claims to offer high profits with low risk. However, there are a number of red flags that suggest that TMining is a scam.
In this article, we will take a closer look at TMining and explain why we believe it is a scam. We will also provide some tips on how to avoid being scammed by cryptocurrency mining companies.
Company Overview
TMining is a company that claims to offer a cloud-based cryptocurrency mining service. The company’s website says that it has been in business since 2017 and that it has over 100,000 customers.
However, there is no evidence to support these claims. The company’s website is poorly designed and contains a number of grammatical errors. There are also no independent reviews of TMining online.
Does TMining Have Any License?
No, T Mining does not have any licenses or regulations from any reputable financial authority. This is a major red flag, as it means that the broker is not subject to any oversight or regulation. This makes it very risky for traders to deposit money with TMining, as there is no guarantee that they will be able to withdraw their funds.
Is TMining Regulated By Any Authority?
No, TMining is not regulated by any authority. This is another major red flag, as it means that the broker is not subject to any oversight or regulation. This makes it very risky for traders to deposit money with TMining, as there is no guarantee that they will be able to withdraw their funds.
TMining Pros and Cons
Here is a table of the pros and cons of TMining:
Pros | Cons |
Competitive spreads and fees | No regulation |
Easy to use platform | Unrealistic profit claims |
Negative reviews from former clients | |
High risk of losing money |
How Does TMining Reach To Their Prey?
TMining uses a variety of methods to reach out to potential victims, including:
- Online advertising
- Social media
- Cold calling
TMining’s ads are often very misleading, claiming that the broker can help traders make a lot of money with little effort. T Mining also uses social media to target people who are interested in forex and cryptocurrency trading. Cold calling is another common tactic used by TMining to lure victims in.
Technical Details of TMining
Minimum Deposit
The minimum deposit requirement for TMining is $250. This is relatively low compared to other forex and cryptocurrency brokers.
Trading Platform
T Mining uses the MT4 trading platform. But, there is no screenshot or demonstration to show or check the demo version. It is a must thing that traders will check the authenticity of the platform before investing. MT4 is a popular and well-respected trading platform, but it is important to note that TMining has customized the platform to add its own features.
Spread
The spreads offered by TMining are competitive. However, it is important to note that the spreads can fluctuate significantly, which can impact your profits or losses.
Leverages
T Mining offers high leverage, which can amplify your profits but also your losses. It is important to use leverage carefully and to understand the risks involved.
Packages and Products They Offer
TMining offers a variety of packages and products to its clients, including
- The Starter Package: This package is for beginners and offers a small amount of trading capital.
- The Professional Package: This package is for more experienced traders and offers a larger amount of trading capital.
- The VIP Package: This package is for the most experienced traders and offers a very large amount of trading capital.
TMining also offers a variety of products, including
- Forex trading
- Cryptocurrency trading
- CFD trading
- Options trading
Withdrawal and Deposit Method
TMining offers a variety of withdrawal and deposit methods, including
- Credit card
- Bank transfer
- Cryptocurrency
The withdrawal and deposit process is relatively easy, but it is important to note that there are fees associated with both withdrawals and deposits.
What do Their Previous Traders say?
There are a number of negative reviews about T Mining online from former clients. These reviews allege that TMining is a scam broker that is not trustworthy. Some of the common complaints include
- Difficulty withdrawing funds
- Unrealistic profit claims
- Poor customer service
- Account closures without explanation
Summing Up- Why Should Not You Trust TMining
There are a number of reasons why you should not trust T Mining. The company is not licensed by any financial regulator, it has no independent reviews online, and it has a history of complaints from its customers.
If you are looking for a legitimate cryptocurrency mining company, we recommend that you avoid T Mining. Instead, we recommend that you do your research and choose a company that is regulated by a financial regulator and has a good reputation.
If Bad Things Happen, Where Can You Get The Quick Solution?
If you have lost money to T Mining, you may be able to get your money back. You can file a complaint with your respective financial regulation authority and legal organizations. You can also contact your state’s securities regulator.
But, in most cases, victims did not get their money back due to several reasons. In that case, contact us. We are here to help you with our team of experts, educational resources, and recommended recovery services. Our recommendations are affordable, trustworthy, and reputable. Just submit your case through our web form.
File A Complaint Against Scam Broker's
Final Thoughts
TMining is a scam broker that you should avoid. If you are considering investing with TMining, we urge you to reconsider. There are many legitimate cryptocurrency mining companies out there that offer better returns on investment and lower risks.
