Madinah Mining Review by Scam Helpers Team
Scam Helpers Team which has done a lot of work in researching for Madinah Mining Review, advises investors not to invest in Madinah Mining, as it is suspected to be a potential scam broker. Read a complete Madinah Mining review, and you’ll see that not all things are as good as they appear. We’re going to expose a scammer.
Warning: BNM (Bank Negara Malaysia)
This scam broker is from the Bank Negara Malaysia (BNM) warning list , the Financial Consumer Alert (FCA) List
Looking for a reliable and trusted online trading platform? It is our first concern to make you aware of the brokers you should stay away from. We have done profound exploration, looked at various brokers and trading conditions, and prepared a comprehensive list of scam brokers 2022 to aid your decision-making.
Madinah Mining is an online trading platform that claims to be a legit and trustworthy broker. The website of the company can be found at http://www.madinahmining.com/, but never believe easily in these claims and offers because most of them are not to be true. Read a complete Madinah Mining review to know more about this broker.
We include the name of Madinah Mining here because it is not a legit broker. For fledgling brokers or clueless clients, Madinah Mining will appear as a genuine investment opportunity for unsuspecting users and novice traders.
Considering this broker as genuine is not a big deal, essentially because of its visuals, and somewhat because of the multitude of commitments it makes. In any case, we are here to expose this broker and share with you the reason for presenting this Madinah Mining review.
Reasons for keeping Madinah Mining in the list of Scam Brokers
After taking a look at their website, we found numerous warnings that should be enough for you not to invest in them. Some of the reasons why Madinah Mining is listed in the list of Scam Brokers 2022
Madinah Mining Review: Regulation
Being an unregulated firm is the worst thing, and it makes you an exploitative cheat. Madinah Mining Investment Pte Ltd is a scam, and your money is at risk.
By investing your money in an unregulated and unlicensed broker, you are indirectly putting your funds in danger. For that reason, we ask our readers to invest with brokers who have licenses from authorities like FCA, ASIC, FMA, etc. Authorized brokers are covered by many prerequisites, and a large number of them apply anti-fraud practices. As such, they are the specific inverse of what these brokers and others like them represent.
Madinah Mining Review: Withdrawal Problems
If you have already invested your money with Madinah Mining, you should immediately ask for a withdrawal as your money is not safe with an unregulated broker.
With Madinahmining.com, if you ask for a withdrawal, they will postpone the process by giving some reasons for a long time so you can find no alternative to file a complaint.
How to keep yourself safe from scam brokers?
- Do good research about the broker. Go through reviews and pick a broker with positive reviews. A conventional web search can give experiences into whether negative remarks could simply be a disappointed broker or something more serious.
- Ensure the reviews do not contain anything negative about the broker’s withdrawal process.
- If you are happy with your examination on a specific broker, then trade for a while first, and afterward attempt to make a withdrawal.
- If you face some issues, discuss them with your broker. If it doesn’t go well, file a complaint and share your experience online with everyone.
Is Madinah Mining Legit or scam: Final Thoughts
It is clear from the Madinah Mining review that this broker is not right for trading. We unequivocally encourage all traders and investors to keep away from Madinah Mining and similar brokers. If you really want to trade online, the Madinah Mining review and all other reviews help you to find a broker who is regulated and trusted.
Also, if you are a victim of the Madinah Mining scam, or other scams like the forex scam, cryptocurrency scam, binary scam, etc., file a complaint here to get your funds back. Scam Helpers can process your complaint and help you in fund recovery. We should begin and determine the matter before the harm is considerably greater. Your one step can save you and other people from being cheated by such brokers.
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