Financial Commission Adds Mining Coins 247 to Warning List

The Financial Commission, an external dispute resolution (EDR) body dedicated specifically to FX, announced on Thursday the addition of the crypto trading platform Mining Coins 247 to its Warning List.

Based on the information offered on its website (https://miningcoins247.net/index.html), Mining Coins 247 is an optimal wealth management company with focus on wealth management, wealth creation, trades and digital assets usage. The company claims to be founded with vision to create 100% transparent digital trading experience for its clients, and allow them to actively trade most popular cryptocurrencies such as Bitcoin, Ethereum, Ripple, Litecoin and more, profit from market rallies and declines, or hedge their existing cryptocurrency holdings.

Whereas, the Financial Commission stated that it has been notified by concerned traders regarding the company and its associated website. Upon reviewing the submitted information from potential customers of this broker, it has determined that the indicated company and associated website were suspicious of being used to scam and defraud traders and investors. 

As such, the Commission does not recommend doing business with this entity, either individuals purporting to represent this broker on social media and in private messages on popular messaging apps.

Shortly before, the Financial Commission has issued a warning against the broker Global Binance Futures​.