Verion TradeMiners Scam: Rebrand of trade-miners.org

Verion TradeMiners is a rebranded version of the scam platform known as trade-miners.org. It is known for having been warned about by the FCA and for withdrawal obstacles. Verion TradeMiners is not authorised in Türkiye by the Capital Markets Board (SPK).

Licence Status

Licence problems of Verion TradeMiners:

• It is not licensed by any financial regulator
• It has been warned about by the FCA and appears on the official warning list
• Related platform: trade-miners.org (FCA warning: 14 November 2024)
• Main domain: veriontrademiners.com
• Related domain: trade-miners.org
• It is probably a rebranded version of trade-miners.org

Turkish investors will not find Verion TradeMiners on the list of intermediary institutions licensed by the Capital Markets Board (SPK).

Characteristics of the Fraud

Fraud tactics of Verion TradeMiners:

• Rebranding method: After trade-miners.org was shut down, the same fraud scheme was restarted under a different name (Verion TradeMiners).
• Crypto payment: The platform asks for payment in crypto, which is hard to trace back and makes recovering the money difficult.
• Withdrawal obstacles: After investors open an account and deposit money, their withdrawal requests are rejected or blocked.
• Fake reviews: The platform carries positive reviews from "successful investors", but these reviews are entirely invented.
• Aggressive marketing: Guaranteed profit is promised through social media and linked sites.
• False contact details: The contact details given are incorrect, invalid or misleading.

Identified Warning Signs

Red flags identified for Verion TradeMiners:

• It has been warned about by the FCA and appears on the official warning list
• The related platform trade-miners.org was also warned about by the FCA (14 November 2024)
• It has been identified as a rebrand of the same fraud scheme
• It asks for payment in crypto
• Withdrawals are problematic, delayed or blocked
• The address, phone and email given are incorrect or unverified
• There are many negative reports and fraud reports on social media
• Fake success stories and invented reviews are presented
• The legal terms and privacy policy are vague or incomplete

Ways of Protection

Common precautions against rebranded fraud platforms such as Verion TradeMiners:

• The FCA warning list: The platform name and related domains can be searched on the FCA warning list.
• Domain and contact details: Whether the stated domain, phone and email address are real and reachable can be verified.
• Crypto payment requests: Platforms that ask for crypto in order to receive payments that cannot be traced back are a warning sign.
• Related domains: Searching the platform name in a search engine can show whether the same company runs sites under other names, which is a sign of fraud.
• Withdrawal conditions: A platform should present its withdrawal conditions clearly and openly; hidden conditions are a sign of fraud.
• Public reports: The platform name and related domains can be searched for in public reports on social media.
• The SPK list: The list of intermediary institutions licensed by the Capital Markets Board (SPK) is the place to look.

Frequently Asked Questions