Minerral: reviews and detailed information about the hedge fund
Minerral Hedge Fund Overview
The idea of increasing investments with minimal effort attracts many investors, leading to the growing popularity of various financial companies, investment, and mutual funds. One of such companies is the Minerral hedge fund, registered in Singapore. Let’s take a closer look at its activities, terms, and reviews to understand how reliable it is to invest funds in this company.
What is Minerral and What Does It Offer?
The official website of this fund appears to attempt to create a serious and reliable impression, but in reality, it presents a mundane space with inflated claims, typical CTAs, and standard images.
The question arises: if the company aims to become a leader in the investment market of the CIS, why do they have a low-quality website and no reviews of the company’s work? The answer is simple – Minerral is one of the scam projects created by a group of fraudsters who use several fake hedge funds with identical functionality, changing only the name and design.
One of Minerral’s twin brothers is VIXENM, and its predecessor was M-Securities, which immediately attracted negative reviews and was excluded from financial rankings. New names and minor changes on the website are the standard practice of scammers.
The registration date of minerral.com was in September 2019, but updates on the website appeared only this year, contradicting their claims of seven years of activity. The domain is paid until 2022, but the fund is likely to cease its existence much earlier.
The non-existent registration in Singapore and a fake address in the city’s business center illustrate the unreliable statements of the fund. The absence of necessary legal documents on the website also indicates a lack of professionalism and long-term plans.
Regulatory Oversight of Minerral’s Activities
Although hedge funds have long been present on foreign financial markets, their activities in the Russian Federation are not regulated due to the lack of legislative norms. The Central Bank does not license or supervise the activities of such organizations due to the uncertainty in the requirements for these structures.
It is essential to remember that investments in hedge funds are not government-insured. If you decide to entrust your money to Minerral, you risk losing it because offshore accounts offer minimal guarantees of return. Reviews of fake hedge funds indicate that they remain beyond the reach of law enforcement agencies.
Investment Conditions
The Minerral hedge fund allows even small investors to invest with $500, which significantly sets it apart from more demanding competitors. The variety of accounts and services offered by the company are aimed at attracting a broad audience with no experience in financial matters.
Despite avoiding the terms “trading” and “broker” on the website, Minerral’s main activities are related to these areas. The financial instrument of a smart contract is offered as an innovation, although its functionality is similar to a deferred order.
In addition to smart contracts, the fund offers asset management services and investments in IPO/ICO, promising clients financial success. However, the “Client Agreement” allows the company to terminate the deal at any time without liability to the investor.
The affiliate program and investment terms of Minerral remain a secret, likely being just a method to attract new clients.
Minerral Reviews
Detailed real opinions about the fund in the Russian segment of the Internet were not found, and English sources also do not contain information about Minerral. The presence of sponsored articles and the absence of genuine reviews indicate the fake nature of the company.
Methods of Fraud by Minerral
The Minerral hedge fund uses commonly accepted methods of financial pyramids, deceiving clients under the guise of loyalty and reliability. Complex terminology and a desire for quick enrichment pose a risk for unprepared investors.
Calls to fund the account with cryptocurrency and the absence of chargeback options put investors at risk of total loss, as fraudsters maintain their anonymity and evade responsibility before the law.
Minerral – A Fraudulent Company, Avoid Contact
While Minerral attracts clients with brilliant promises, in reality, it is a financial hoax of dubious activities. It is not worth trusting this company considering its history, insolvency, and lack of real reviews. Beware of such hedge funds and keep your funds safe.