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RingMinersFx (ringminersfx.com) is a clone of FoxMinersFx. The evidence is found in the image of their offices. And this is one of the many red flags we spotted with Ring Miners FX. As crypto investors ourselves, we feel we have to protect the industry from such platforms. RingMiners FX does not offer any valid crypto investment services. You should be aware that the platform is a hoax. Get more in our exclusive RINGMINERSFX REVIEW.
A Closer look at RingMinersFx
The RingMinersFx about us page has a video explaining what Bitcoin Mining offers. We have seen this video countless times before. Unfortunately, the animation is used to fool investors into believing Ring Miners FX invests in Bitcoin Mining.
That’s far from the truth; RingMinersFX does not offer tangible investments. You are likely to lose your funds with the platform once you deposit. Hundreds of investors have lost funds with such platforms before.
We are here to ensure this doesn’t happen to you. The platform does not provide any direct proof of investing. No one has come out with actual winning from investing with ringminersfx.com. And that’s not where the buck stops.
The people behind this platform have also been using other websites with the same design. For example, Foxminersfx.com is one of the platforms with similar website designs. Therefore, we believe the two belong to the same person.
Once you receive an email from [email protected], don’t respond. It’s the same email used in several crypto investments scams. Investigations are underway to determine who owns the email.
Before you dip your hands in any crypto investment, we recommend you do due diligence. First, try and find out what others are saying about the platform. Then, make sure only to commit when you’re sure the platform is transparent.
Accounts and plans RingMinersFx
RingMinersFx offers four investment plans that come with a guaranteed ROI. The first red flag in spotting scams is the use of a guaranteed ROI. Unfortunately, no expert or robot can manage to guarantee and deliver such results.
These four accounts include starter, premium, deluxe, and exclusive. Here’s a more in-depth look at each account;
Starter
The starter plan is best suited for newbies, and this is according to the platform’s support. You must make a minimum deposit of $1,000 to start using the platform. The maximum you can deposit is $3,000.
Premium
For premium account holders, the minimum deposit balance increases. You must deposit a minimum of $3,000. The maximum you can fund the premium account is $5,000. There’s no quote on the acceptable ROI.
Delux
With the Delux account, the platform promises 50 percent ROI with each deposit. You can deposit a minimum of $5,000 and a maximum of $20,000. The account targets wealthy investors who are looking for a quick turnaround.
Exclusive
Investors must deposit a minimum of $20,000 with no maximum. The account targets institutional clients. Unfortunately, those who have deposited with the account are now crying foul. ALL of them have lost their deposits.
Account Features
These accounts come with a barrage of promises. And this is where you need to open your eyes. But, unfortunately, the platform doesn’t bring any point home when it comes to legitimacy. Instead, it operates more like a pyramid scheme.
Those who are affiliated with the platform get to share the spoils. The platform uses your funds for other investments. These include coin staking, DeFi, or Masternoding. In a definite sense, your funds help fund the owner’s investments.
Bogus claims
Just after the landing page, you get to see several claims. These include 705 days as the number the platform has been active. The platform also claims to have 17,894 as the number of investors available on the platform.
When it comes to the total investment amount, the platform quotes over $12 million. Even if you come back a month from today, these numbers will be the same. The numbers are used to portray a successful crypto investment platform.
Business owner
To avoid conflict, there are no names found on the platform. This is because no one knows whether the platform belongs to a single person or entity. What is factual is that RingMinersFx is an anonymous crypto investment platform.
You need to avoid anonymous crypto investment platforms at all costs. The platform will likely make you lose funds. Instead, make sure you invest in a platform that offers transparency. It’s your right to know who handles funds in a platform.
Contact and customer support
When selecting the best crypto investment platform, you need to test its support structure. Find out whether the response is timely. The platform has a chat tab where you need to leave your email.
Despite claiming to respond immediately, we had to wait for more than an hour. The platform is also using VOIP numbers to contact members. These numbers are virtual and can change the prefix to suit the country code.
The platform does its best to minimize any direct form of communication. And this means sending an email is fruitless. As a result, you won’t get a response on time, especially when you send a withdrawal request.
Deposit and withdrawal channels
To ensure anyone can fund the accounts, the platform avails several depository channels. These range from bank and wire transfers. The platform also accepts crypto deposits, but only Bitcoin is acceptable.
We don’t recommend you invest with the platform. Withdrawing funds takes longer than expected. At times, no one gets to withdraw even a single cent. The platform ought to at least mention the vesting period of investing.
Domain records ringminersfx.com
Website records don’t lie; as we publish this post, the website has been active for 269 days. The exact date the website went live was 7th February 2021. It was on a Sunday with the name of the owner redacted for privacy reasons.
Claims of running for over 700 days are false. We can see the extent to which these scammers will go to fool investors. Its best you stay away from the platform or risk becoming another victim.
False Client Testimony
To try and make the platform appear a success, there are two client testimonials. You should note that these are the very same faces found on foxminersfx.com. The platform lacks objectivity and transparency.
Try and find out what members are saying using independent review sites. In addition, you can check TrustPilot for more on what members are going through. Unfortunately, we haven’t seen any positive comments regarding the platform.
Fund safety RingMinersFx
Your funds are far from safe with a platform that fails to offer meaningful investment opportunities. In addition, the platform does not offer insurance cover for deposits made by clients. Therefore, you need to avoid the platform at all costs.
We also suspect the platform pools all funds in one account. Segregation of funds is out of the question with an unregulated crypto investment platform. When the owner decides to call it quits, no one will get any compensation.
License and Regulation RingMinersFx
RingMinersFx is not a licensed or regulated platform. The platform doesn’t have any compliance documents. With a UK phone number, you would expect regulation from the Financial Conduct Authority.
It’s not the case, as the platform fails even to provide a hint of regulation. The Company House UK doesn’t have an entity that affiliates with the platform. It would be best if you stayed away from unregulated crypto investment platforms.
Our Verdict
From what we have seen, ringminersfx.com is a crypto investment fraud platform. So please stay away from it.
You need to converse with crypto investors and find out the best way to invest in crypto.
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