Auto Premium Minings is a CFDs (Contract for Difference) broker claiming to have been established in 2006, with its headquarters in Mauritius.
Company Background and Establishment Time
The platform claims its operating entity is Auto Premium Minings Pty Ltd, responsible for managing its website. Despite claiming on its official site that it was established in 2006, the domain registration information shows that its domain autopremiumminings.com was actually registered on December 10, 2022, and brought online by the current team on December 21, 2023. These conflicting details reveal the platform's false historical claims.
Trading Services Offered
The official site advertises its provision of CFD trading services, including forex, stocks, indices, precious metals, commodities, and cryptocurrencies, offering over 350 tradable products. The company highlights itself as the first Australian broker to support MT4 and claims to offer MT5, mobile, and web-based trading services.
However, the TraderKnows team was unable to locate any server information related to Auto Premium Minings Pty Ltd in the MT4 and MT5 server lists, raising serious doubts about its authenticity.
Account Types and Fee Structure
The platform offers two account types: the GO Plus+ account and the standard account. The GO Plus+ account has spreads starting from 0.0 pips with a commission of 3 AUD per side, while the standard account has spreads starting from 1 pip with no trading commission. The platform claims to offer leverage up to 1:500.
Educational Resources
The site provides a variety of educational resources, including beginner courses, podcast series, webinars, articles on trading psychology and strategies, and MetaTrader tutorials. Despite the wide coverage, these educational resources have not been market-recognized and might be used as marketing tools to attract beginners.
Deposit and Withdrawal Methods
The site shows support for multiple deposit and withdrawal methods, including Mastercard, Visa, Skrill, Neteller, bank transfers, and Fasapay. Although the payment options are diverse, the platform's legitimacy and fund security have not been backed by any actual assurances.
Regulatory Information
The official site claims its parent company is registered in Mauritius with the registration number 170969 and regulated by the Mauritius Financial Services Commission (FSC) under license number GB19024896.
However, the TraderKnows investigation found out that these registration and regulatory details actually belong to another well-known broker, GO Markets Pty Ltd. Auto Premium Minings is misleading investors by using these details to falsely imply it is properly regulated.
Website Traffic and Brand Exposure
According to Semrush data, the site's monthly average visits are under 100, indicating almost no user base. Furthermore, there are no news articles or third-party evaluations related to Auto Premium Minings available publicly, nor is there any information about its employees. These suggest the platform has a very low market influence.
Website Template and Scam Characteristics
The platform's website design is identical to multiple exposed scam companies such as 7staroptions, Uaeinternationalinvestads, and Universal Cryptosphere Trade. These platforms use the same template for mass production, further exposing their fraudulent nature.
Social Media and Contact Information
Though the site displays LinkedIn, Facebook, Instagram, and Twitter icons, the TraderKnows team could not locate any social media accounts related to Auto Premium Minings. This lack of public channels is very unusual for legitimate brokers.
In terms of contact information, the platform provides two phone numbers, an email address, and an online contact form, but their authenticity is questionable.
Affiliate Policies
The platform offers two affiliate programs: White Label and Referral Program, promising branded MT4 and MT5 platforms, risk management support, and commission rewards. Although these policies appear attractive, considering the platform’s fraudulent background, these schemes are likely tools to lure victims.
Risk Summary
Upon comprehensive analysis, the platform presents the following high-risk features:
- False Establishment Time: The platform falsely claims to have been founded in 2006, while its actual domain was registered in 2022, indicating historical deception.
- Fake Regulatory Information: It uses GO Markets Pty Ltd's registration and regulatory details to mislead investors.
- Extremely Low Market Influence: With monthly visits under 100, nearly no one uses the site.
- Scam Website Template: Shares the same design with several scam companies.
- Suspicious Educational Resources and Affiliate Policies: Possibly used to attract beginners and affiliates for fraudulent schemes.
- Lack of Social Media and User Reviews: Low transparency and credibility.
Recommendations
Investors should steer clear of Auto Premium Minings. This platform, by falsely representing itself and using stolen information, is essentially a high-risk sham operation. For fund security and legitimate investment practices, choosing other regulated and established platforms would be wiser.
