Jp.finance Broker Review: Reliable or Reckless?
Is JP Finance a legit broker? Should you have a cause to worry while trading with this broker? Our review serves as an eyeopener, you shouldn’t trade with Jp.finance before reading this review.
With online scams springing up every day, we have taken the responsibility of reviewing products, stores, websites e.t.c in order to save you from making wrong decisions.
What You Should Know About Jp.finance Forex Trading
This broker is located in the Marshall Islands. They claim they are the best FX broker for online trading. They allegedly offer reliable services for earning on Forex trading. They offer the following assets-
Forex (with leverages up to 1:400) CFDs, Indices, Stocks, and Precious metals.
JP Finance Trading Platform
JP Finance makes use of a very shady looking trading platform. We are very surprised that this broker does not use the standard trading platform which is MT4 or MT5, yet they claim they’re one of the best Forex trading platforms. From our experiences, this trading platform is not a suitable one, and we honestly can’t vouch for its supposed capabilities.
JP Finance Deposit and Withdrawal Methods
You can deposit funds via Elite Trading University, Visa, and MasterCard. However, we noticed the strange addition of Elite trading university which is a payment gateway but an online forex trading course provide.
We can’t fathom the connection between this online course and JP Finace broker. Could it be that they are linked?
JP Finance Forex trading allows a minimum deposit of €50, this is also the same with their minimum withdrawal amount. However, the T/C claims this minimum to be $100. We couldn’t help but wonder why the inconsistency? Is there more to what meets the eyes?
JP Finance Regulation- Is Jp.finance Licensed?
We all know safety of funds is one of the things one should look out for before trading with a broker. This is because without the right regulatory bodies acting as watch dogs over platforms like this, our money would be unsafe.
A look at Jp.finance shows that it is located at Marshall Island. This alone should be a reason for you to flee from this broker. This is because Marshall Islands do not have a financial regulator, which is why so many illegitimate brokers make camp there. The nations somewhat careless laws are perfect breeding ground for fraudulent trading platforms.
JP Finance Review: Should You Trade With This Broker?
No, you shouldn’t. This broker is not licensed. Also, there a lot of red-flags which can’t be ignored. Such as the shitty trading platform and inconsistent trading fee.
Our Recommendation For You
You can make money online by trading with reputable, reliable and trustworthy brokers. We’ve been trading with the Fortrade broker below for sometime now and we have no regrets!
FORTRADE- One of the Top rated brokers and a good choice for new traders. This broker is Licensed in UK(FCA), Australia(ASIC) and Belarus(NBRB). Guess what? you can trade from any part of the world as it accepts Traders Worldwide. Interested in trading with one of the best Forex brokers? Head Over to Fortrade and start trading!
