jjp-ex.io Review

jjp-ex.io

Investors Alert jjp-ex.io – This is a suspected imposter entity. It may be impersonating or falsely claiming to be working with:

– a registered Australian business;

– Australian financial services licensee;

– Australian credit licensee; and/or

– the authorised representatives or employees of the business or licensee.

Introduction to jp-ex.io

jp-ex.io is a website that offers online trading services for forex, commodities, indices, stocks, and cryptocurrencies. The website claims to have over 10 years of experience in the financial markets, and to offer competitive spreads, fast execution, and advanced trading platforms. The website also claims to be regulated by ASIC, the Australian financial regulator, and to have a license number.

However, these claims are false and misleading. ASIC has issued an alert on 15 Dec 2023 to warn investors that jp-ex.io is not licensed or authorised by them, and that it is likely to be offering financial services to Australian consumers without a valid license. ASIC advises investors to avoid dealing with this entity, as they may be exposed to fraud or scams.

Products and Services offered by jp-ex.io

jp-ex.io offers various trading products and services to its clients. These include:

– Forex: The website claims to offer over 50 currency pairs, with leverage up to 1:500 and spreads from 0.1 pips.

– Commodities: The website claims to offer trading on gold, silver, oil, natural gas, and other commodities, with leverage up to 1:200 and spreads from 0.01 pips.

– Indices: The website claims to offer trading on major global indices, such as the S&P 500, the Dow Jones, the FTSE 100, and the DAX 30, with leverage up to 1:200 and spreads from 0.5 pips.

– Stocks: The website claims to offer trading on over 1000 stocks from various markets, such as the US, the UK, Germany, France, and Japan, with leverage up to 1:20 and spreads from 0.01 pips.

– Cryptocurrencies: The website claims to offer trading on over 20 cryptocurrencies, such as Bitcoin, Ethereum, Ripple, Litecoin, and Bitcoin Cash, with leverage up to 1:100 and spreads from 0.01 pips.

The website also claims to offer two types of trading platforms: MetaTrader 4 (MT4) and MetaTrader 5 (MT5). These are popular and widely used platforms that provide various tools and features for traders, such as charting, indicators, expert advisors, signals, and automated trading. The website claims that its platforms are compatible with desktops, laptops, tablets, and smartphones.

Financial institution & regulatory license of jp-ex.io

jp-ex.io claims are false and misleading. ASIC has confirmed that jp-ex.io is not a registered company in Australia, and that it does not hold an Australian financial services licence or Australian credit licence from ASIC. Moreover, ASIC has stated that the license number belongs to another entity that has no connection with jp-ex.io.

Therefore, jp-ex.io is not a legitimate or regulated broker in Australia or any other jurisdiction. It is operating illegally and without any oversight or protection for its clients.

Trader’s Reviews and Customer Service of jp-ex.io

jp-ex.io does not have many reviews or feedback from its clients online. This may indicate that it is a new or obscure broker that has not attracted many customers yet. However, the few reviews that are available are mostly negative and complain about various issues with the broker.

Some of the common complaints include:

– Difficulty in withdrawing funds or closing accounts

– Hidden fees or charges

– Poor customer service or communication

– Manipulation of prices or execution

– False or misleading advertising

These complaints suggest that jp-ex.io is not a trustworthy or reliable broker that treats its clients fairly or professionally. It may be using fraudulent or unethical practices to deceive or exploit its customers.

How to Safeguard Against Fraudulent Brokers:

Fraudulent brokers are a serious threat to investors who want to trade online. They may use various tactics to lure unsuspecting customers into their schemes, such as offering unrealistic returns, bonuses, promotions, or guarantees. They may also use fake or stolen credentials, testimonials, or reviews to appear legitimate or reputable.

To safeguard against fraudulent brokers, investors should do their due diligence before choosing a broker. They should:

– Check the regulatory status and license of the broker with the relevant authorities, such as ASIC, FCA, CySEC, or others.

– Verify the contact details and address of the broker, and avoid brokers that use PO boxes, virtual offices, or offshore locations.

– Read the terms and conditions, policies, and agreements of the broker carefully, and look for any hidden fees, clauses, or restrictions.

– Test the trading platforms, products, and services of the broker with a demo account or a small deposit before committing to a larger investment.

– Avoid brokers that pressure or persuade them to deposit more money, take bonuses, or trade more frequently or aggressively.

– Be wary of brokers that promise high returns, low risks, or guaranteed profits.

– Report any suspicious or fraudulent activity to the relevant authorities or agencies.

Conclusion

jp-ex.io is a forex and CFD broker that claims to be regulated by ASIC, but is in fact not licensed or authorised by them. ASIC has issued an alert to warn investors that jp-ex.io is likely to be offering financial services to Australian consumers without a valid license, and that they may be exposed to fraud or scams. jp-ex.io also has many negative reviews and complaints from its clients, who report various problems with the broker. Therefore, we advise investors to avoid dealing with jp-ex.io and to look for a more reputable and regulated broker instead.

Add Your Heading Text Here