Chivo Miners is a CFD broker with an official website domain registered on February 27, 2024. This broker primarily provides investment services in Forex, commodities, indices, stocks, and cryptocurrencies. However, it does not offer services to countries or regions where it might violate local laws or regulations.
Corporate Registration Information and Regulatory Status
According to publicly available information on the Chivo Miners website (chivoglobal-miners.net), the broker is regulated by the UK and the Australian Securities and Investments Commission (ASIC). All clients will directly engage with Chivo Miners A/S, and all client agreements will be concluded with Chivo Miners A/S, hence governed by Danish law. Additionally, the "Terms of Service" on the Chivo Miners website indicate that the service agreements are governed and interpreted by Dutch law, and any disputes that cannot be amicably resolved should be submitted to the jurisdiction of Dutch courts.
Upon verification, the UK's Financial Conduct Authority (FCA), Australia's Securities and Investments Commission (ASIC), Denmark's Financial Supervisory Authority (Danish FSA), and the Netherlands Authority for the Financial Markets (AFM) show no regulatory information for a company named "Chivo Miners."
Therefore, Chivo Miners (chivoglobal-miners.net) is, in fact, an unregulated scam broker website.
Trading Products:
Chivo Miners offers clients a variety of trading products including Forex, indices, commodities, stocks, and cryptocurrencies.
- Forex: Forex trading involves the exchange of different currencies, known for its high liquidity, enabling traders to profit from currency fluctuations.
- Indices: Index trading allows speculation on the performance of entire markets or specific sectors without trading individual stocks, exploring popular indices to find diverse trading opportunities and leverage for potential gains.
- Commodities: Commodity trading covers key global market resources, allowing traders to buy and sell various raw materials, including metals, energy, and agricultural products.
- Stocks: Stock trading enables investors to participate in the price fluctuations of public companies, earning profit from price changes and dividends based on company performance, without actually holding the stock.
- Cryptocurrencies: Cryptocurrency trading offers digital currency enthusiasts the opportunity to profit from highly volatile assets.
Account Opening Process
To open a Chivo Miners trading account, visit the broker's website and click on "Open Account" at the top right corner of the page. Fill in the required personal information such as name, phone number, email, and set a login password. After submitting the information, verify your account to complete the registration process.
Investment Plans
Chivo Miners offers seven different types of investment plans: BASIC PLAN, STANDARD PLAN, PREMIUM PLAN, PRO PLAN, MONTHLY PLAN I, MONTHLY PLAN II, MONTHLY PLAN III.
BASIC PLAN:
- Minimum deposit: $100
- Maximum deposit: $2,999
- Expected profit: 5% daily return on investment
- Profit duration: 3 days
STANDARD PLAN:
- Minimum deposit: $3,000
- Maximum deposit: $5,999
- Expected profit: 8% daily return on investment
- Profit duration: 6 days
PREMIUM PLAN:
- Minimum deposit: $6,000
- Maximum deposit: $9,999
- Expected profit: 11% daily return on investment
- Profit duration: 9 days
PRO PLAN:
- Minimum deposit: $10,000
- Maximum deposit: $20,000
- Expected profit: 15% daily return on investment
- Profit duration: 11 days
MONTHLY PLAN I:
- Minimum deposit: $1,000
- Maximum deposit: $10,000
- Expected profit: 3% daily return on investment
- Profit duration: 1 month
MONTHLY PLAN II:
- Minimum deposit: $10,000
- Maximum deposit: $20,000
- Expected profit: 6% daily return on investment
- Profit duration: 2 months
MONTHLY PLAN III:
- Minimum deposit: $20,000
- Maximum deposit: $50,000
- Expected profit: 9% daily return on investment
- Profit duration: 3 months
Trading Platform
Chivo Miners claims to provide the MT5 trading platform for users, but the broker cannot be found on the MT5 platform.
Deposits and Withdrawals
Chivo Miners only supports deposits through various cryptocurrencies.
Conclusion:
Traderknows reminds investors that Chivo Miners is a scam broker that lures investors with promises of high returns. This site is actually unregulated and can only be contacted via email. It is recommended that investors choose brokers with transparent information, strong regulation, and good reputation to avoid unnecessary financial losses.
Currently, this broker is marked as a "Scam" on Traderknows.
