Annafxminner – Can You Trust Them?
Stop! It’s a Scam! Your money is not safe if you are trading with this unregulated, off-shore broker.
Annafxminner- DO NOT TRADE WITH THIS PROVIDER
2.5/10
$100
Minimum Depositupdated 2022
The details for opening trading accounts are not indicated on the broker’s website. In order to register with this broker, you only need to go to their sign-up page where you’ll be asked to enter your name, email address, phone number, and password. You’ll also be asked to accept their Terms and Conditions and confirm that you’re over 18 years of age. After this, the trading platform will be made available for you and you can start trading using their demo account.
Try these regulated brokers if you want to start trading cryptocurrencies
82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money
Plus500 is a FTSE 250 listed brokerage providing online trading services in CFDs, across 2,000+ securities and multiple asset classes.
Website URL: https://annafxminner.com
Founded: 2022
Regulations: Unregulated
Languages: English, All Google Translate Languages
Deposit Methods: Debit Cards, Credit Cards, Cryptocurrencies
Minimum Deposit: $200
Free Demo Account: No
Number of Assets: Unspecified
Types of Assets: FX, Cryptos
Trading Accounts and Conditions
Annafxminner offers their clients three ways by which they can invest with them:
- Promo Package: The minimum possible investment is $300. And the maximum possible deposit is $50,000. You are promised a minimum and maximum return of $3,000 and $1,000,000. You are also offered a $100 Gift Bonus.
- Normal Plan: The minimum deposit is $200 and the maximum deposit is $10,000. You are promised a minimum and maximum return of $1,200 and $60,000. You are also offered a $10 Gift Bonus.
- Premium: The minimum deposit is $1BTC and the maximum deposit is $5BTC. You are promised a minimum and maximum return of $3BTC and $15BTC. You also are offered a $10,000 Gift Bonus.
There is on mention of any trading conditions.
Annafxminner – Advantages
There are no advantages to trading with Annafxminner.
Annafxminner – Disadvantages
Here are all the reasons why we have marked Annafxminner a scammer:
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Lack of Regulation
In their About Us page, this broker claims that they were established by a company called Digital Currency Group in 2017. On their Contact Us page, Annafxminner gives a Texas, US address. There is also a contact number, but only for WhatsApp messages.
To be able to operate in the US, a broker needs two things – a license from the CFTC, the Commodity Futures Trading Commission, and a membership with the NFA, the National Futures Association. And neither of these two objectives is easy to achieve; the US is the most stringently regulated forex market in the world, which is why most brokers simply avoid doing business in the country – the regulations are too strict and the requirements too high.
Despite this, we checked the online registers for the CFTC and the NFA. And, of course, we found out that this broker was not listed with either of the two authorities. Which means that this broker is not regulated at all.
Dealing with such brokers is dangerous as you can end up losing all your funds and you will not be given any protection that regulated brokers offer (negative balance protection, compensation for losses in case the broker goes bankrupt or is found to be fraudulent, segregated account, and so on).
82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money
Plus500 is a FTSE 250 listed brokerage providing online trading services in CFDs, across 2,000+ securities and multiple asset classes.
The company was created as a combined effort of financial professionals and experts in web-commerce with the goal of perfecting the online experience for retail traders.
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Lack of Legal Documents
When you click on the Terms and Conditions link you are taken to Annafxminner’s legal documents page, where all you get is a single paragraph that counts for the broker’s Terms and Conditions.
The legal documents are critical to any online broker, since this is what controls the relationship between the broker and the trader. These documents detail exactly what you can expect from the broker, what their terms of service are, what the cost of trading with them is, what they withdrawal and deposit policies are, and so on.
Without all of these terms in place, a broker can take your for a ride and there is no way that you will be able to get justice since you already signed the agreement with them (without reading the terms). This is the reason why we emphasize the need to go through the legal documents in detail before you sign up with a new broker.
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Not a Real Forex Broker
Besides the fact that this entity is not legally registered, and that they do not have any real legal documents, Annafxminner is actually not even a real forex broker.
You don’t have any trading accounts. What you are offered instead are investment plans where you are promised 1,000% returns on your investment. There is no a broker on earth that can make such promises! The forex and crypto markets are notoriously volatile and most trades (between 75% and 85% of them!) end in failure. And because of this, regulated brokers are required to publish how many of their clients have actually lost money on the market. They are also supposed to put out strong warnings to their potential customers that they could end up losing all their funds since this is a high-risk venture.
So, if a broker promises such massive returns, they are not brokers, but scammers.
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No Trading Software or Trading Conditions
Our suspicions about this broker were proved correct when we found out that Annafxminner doesn’t have any kind of a trading platform at all. When we checked their client portal, we found out that the only thing this broker has is an information chart from Coinbase!
Added to that, there are absolutely no trading conditions. But then, that makes sense since this broker does not have trading accounts or a trading software.
All of this tells us that we are clearly dealing with a scammer that is not safe at all.
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Unknown Funding Methods
On their website, Annafxminner claims to offer a few funding methods – credit cards, debit cards and cryptocurrencies (after you open a crypto wallet with them). However, when we checked the payments section and tried to make a deposit, we got the following message: Kindly contact your account manager for the payment details.
This tells us that we don’t really know what the funding methods actually are. And based on the fact that we are dealing with a scam operation, we suspect that the only possible way that you will be allowed to make deposits is via cryptocurrencies.
This is a typical scam tactic, since crypto transactions are irreversible and anonymous, which means that there is no way for you to get your money back and you don’t know who has taken your money.
Conclusion
Annafxminner is a sloppy scammer that cannot even be called a broker. This is not an entity that you should ever do business with.
Annafxminner
Pros
- None
Cons
- Lack of Regulation
- Lack of Legal Documents
- Not a Real Forex Broker
- No Trading Software or Trading Conditions
- Unknown Funding Methods
Do not trade with unregulated brokers that will steal your funds - try these regulated brokers:
82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money
Plus500 is a FTSE 250 listed brokerage providing online trading services in CFDs, across 2,000+ securities and multiple asset classes.
The company was created as a combined effort of financial professionals and experts in web-commerce with the goal of perfecting the online experience for retail traders.
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