Perfect Mining Dealers, a relatively new online investment platform, presents itself as a high-return investment opportunity in the cryptocurrency mining industry. However, upon closer inspection, the platform raises significant red flags that suggest it may be a scam. The company’s lack of regulation, unrealistic promises, and warning from the Financial Conduct Authority (FCA) highlight the risks associated with this platform. In this review, we will outline the concerns and issues that make Perfect Mining Dealers a highly questionable platform for investors.
New Platform with Unclear History
Perfect Mining Dealers’ website was registered in February 2024, making it a very new entrant in the financial and cryptocurrency mining space. While the site claims to offer investors substantial daily returns on their investments, the short history of the platform should be a cause for concern. New platforms, particularly those offering such high returns, often lack the track record and transparency needed to build investor trust.
A common tactic among fraudulent platforms is to register a website, advertise highly attractive returns, and disappear once they have gathered enough investor funds. The fact that Perfect Mining Dealers has been operating for only a short time raises questions about its long-term reliability and whether it will remain operational for much longer.
Unrealistic Promises of High Returns
One of the most glaring warning signs on Perfect Mining Dealers’ website is its promise of unreasonably high daily returns. While investing in cryptocurrency can indeed be profitable, the platform’s claims of guaranteed daily profits are unrealistic and not reflective of how legitimate investments work. High returns are typically associated with high risk, but Perfect Mining Dealers markets itself as a risk-free investment platform—something no legitimate investment company would ever do.
Platforms that make such guarantees are often scams designed to lure in unsuspecting investors with the promise of easy and fast money. These platforms typically use new investors’ money to pay older investors, a practice commonly associated with Ponzi schemes.
False Legitimacy through Companies House Registration
Perfect Mining Dealers attempts to appear legitimate by displaying a company incorporation certificate allegedly from the Companies House (CH) in the UK. However, this tactic is often used by fraudulent companies to mislead investors into thinking they are properly registered and authorized to operate.
Upon further investigation, it seems that Perfect Mining Dealers may have unauthorizedly used a company number from the CH register to enhance its appearance of legitimacy. While being registered with Companies House means the business exists, it does not indicate that the company is authorized to provide financial services or handle investor funds. Only regulatory bodies such as the FCA can grant such authorization, which Perfect Mining Dealers lacks.
FCA Warning: A Major Red Flag
The most significant cause for concern is the official warning issued by the Financial Conduct Authority (FCA) against Perfect Mining Dealers. The FCA, which regulates financial services in the UK, flagged the company for operating without the required authorization. This means Perfect Mining Dealers is providing financial services illegally and without any oversight from a recognized regulatory body. The FCA’s warning can be viewed here.
The FCA’s warning should serve as a strong deterrent to any investor considering this platform. Without proper regulation, there are no safeguards in place to protect investors’ funds. If anything goes wrong—such as the platform collapsing or failing to return funds—investors have no legal recourse or protections.
Lack of Transparency and Licensing
Perfect Mining Dealers does not provide any valid licensing information on its website, further adding to the suspicions surrounding the platform. Any legitimate investment platform should clearly display its regulatory status and the relevant license numbers. The absence of this information suggests that Perfect Mining Dealers is operating outside of legal boundaries, making it a highly risky investment.
Conclusion: Stay Away from Perfect Mining Dealers
In summary, Perfect Mining Dealers shows all the signs of a scam. Its new registration, unrealistic promises of high returns, misuse of Companies House information, and the FCA’s warning all point to it being an untrustworthy and potentially fraudulent platform. Investors should steer clear of this platform and only invest in companies that are fully regulated and authorized by reputable regulatory bodies like the FCA. Entrusting your money to Perfect Mining Dealers could result in significant financial losses without any legal protections in place.
If you have already invested in Perfect Mining Dealers and are having trouble withdrawing your funds, it is important to report the platform to your local financial regulatory body or Centered Reviews for a chance of recovery and to warn others..