Heard of JD Market Expo forex broker? Is this broker a reliable or scam? Read JD Market Expo reviews to know about this forex broker whether to use or not.
This content promises to share helpful review to support clients/traders in making the right decision. Kindly read to the end and make your verdict.
About JD Market Expo FX
JD Market Expo FX otherwise known as JDMarket-expo.com is an offshore brokerage owned by JD EUROWAY FINANCIAL SERVICES PORT VILA LIMITED with a lot of promises for forex traders. The forex company has a headquarters in Hungary.
The broker offers the different account types like
Further, the brokerage promises different instruments like forex, stocks, commodities, crypto, bonds and indices. Also, it presents a zero spread difference in Buy/Sell.
What is JD Market Expo Minimum Deposit?
JD Market Expo minimum deposit is specified as $250 according to the account type. In comparison, a licensed FX broker clearly spells out its regulation and license credibility with no string of fraud, and clients can start trading as low as $100 with the assurance of their trading funds.
On the website there is no data about the payment methods this broker accepts. This is the thing, after we registered, the only payment methods we could use were crypto transactions with Bitcoin and Tether.
Just so you know, offshore brokers are commonly known for accepting crypto currencies. For this purpose, payments made through this method are anonymous and can only be traced to a wallet address and not to a specific person. So beware!
Withdrawal process:
JD Market Expo withdrawal leaves us with no specific information on withdrawal fee nor processing days on withdrawal request. The broker provides no clear description on trade requirements that must be met before a withdrawal.
JD Market Expo Platform:
JD Market Expo claims to offer “an award-winning platform” with user-friendly interface and advanced tools.
However, that cannot be compared to the advanced trading platforms of MT4/MT5. Many scammers have trading software to fool their victims that their money is being invested.
Why use forex brokers with advanced trader like MT4/MT5? You are certain to have the best features of real-time quotes, financial news and various FX and stock charts, as well as algorithmic trading sessions with the help of specially designed trading bots, called Expert Advisors.
JD Market Expo leverage can get up to 1:100. Honestly, we say don’t consider doing that with an unregulated forex broker like this one because you stand the chance of losing your money.
Won’t you rather trade with a licensed and legit broker? Fortrade is a UK-based broker with address at Michelin House, 81 Fulham Road London, SW3 6RD, United Kingdom. They are among the best brokers in the industry offering trades in numerous assets including stocks, commodities, currencies, indices, and cryptocurrencies. Fortrade is regulated and licensed by the FCA(Financial Conduct Authority) in the UK, ASIC in Australia, NBRB in Belarus, CySEC in Cyprus as well as IIROC in Canada which makes client funds safe. They accept traders worldwide…visit their official website
What We Discovered about JDMarketexpo.com Broker
First of, JD Market Expo claims its registered address to be in Budapest, Hungary. Checking its about us page, it claims to be registered in Cyprus and “authorized and regulated by the Cyprus Securities and Exchange Commission CyCEX. Now, the broker wrong spelt the financial regulator of Cyprus.
We searched these registers and can confidently state that JD Market Expo is not regulated nor authorized by them.
More so, this broker does not offer money back guarantee which means trading on such platform is clearly a risk as your money cannot be refunded.
These are drawbacks for forex traders/ clients to avoid losing money with this scam broker. It is always advisable you check for regulated and licensed broker on financial authorities websites before depositing fund for trading.
JD Market Expo Licensing and Regulation
This is not far from believing that JD Market Expo is not a licensed brokerage firm. It is not under any financial regulation which means wiring your money for trading is risky. Its unlicensed and unregulated activities are truly a red flag and must be avoided.
COMPARE WITH A TRUSTED BROKER
Fortrade
Fortrade is a UK-based broker with address at Michelin House, 81 Fulham Road London, SW3 6RD, United Kingdom. They are among the best brokers in the industry offering trades in numerous assets including stocks, commodities, currencies, indices, and cryptocurrencies. Fortrade is regulated and licensed by the FCA(Financial Conduct Authority) in the UK well as ASIC in Australia which makes client funds safe. They accept traders worldwide..visit their official website
Final Thoughts:
JD Market Expo FX located at JMarketexpo.com claims to appear like a trustworthy trading broker, however, that cannot be trusted. By all appearances, we would advise traders to steer clear from this broker as it likely a platform run by scammers. Thus, we urge our readers to rely on regulated brokers like this or any licensed entity.
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