CJC Markets broker has placed false news on its web page for quite some time. Namely, the company claims to have been established in New Zealand in 2012 while regulated by Australian authorities.
Upon checking all the registers, we actually found a warning in New Zealand. Our detailed CJC Markets review will cover everything you need about the brand.
CJC Markets claims to be owned by CJC Markets Pty Ltd, registered in New Zealand, and covered by Canadian FINTRAC, Australian ASIC, and licensed in Saint Vincent and the Grenadines. We started checking these facts one by one.
Ultimately, we found CJC Markets Co., Limited in the SVG register. We cannot confirm the connection because the name differs from the CJC Markets website. However, even if related, this doesn’t matter much as the FSA of SVG doesn’t issue Forex and CFD licenses.
Finally, the company offered leverage of 1:200 to 1:400, while ASIC imposed a limit of 1:30. This is our final proof that the broker is illicit.
CJC Markets is a brokerage house claiming to be registered in Australia, Canada, and Saint Vincent and the Grenadines. In reality, the brand was banned in New Zealand.
Namely, the New Zealander watchdog says that the broker operating under cjcmarketsglobal.biz pretends to be a part of Carrick Just Capital Markets Limited, a legit firm trading as CJC Markets under the cjcmarkets.com domain.
For a start, CJC Markets claims to have registered in 2012. However, all the firms they mentioned as owning entities were registered in 2019. Furthermore, the domain cjcmarketsglobal.com entered the GoDaddy WHOIS database in August 2020.
Our research shows that the company mainly targets:
The company brags about having over 50,000 traders, but the SimilarWeb traffic report shows fewer than 5,000 visits a month. They seem to be using various deceptive tactics to build their reputation.
We reviewed CJC Markets’ trading platform and we can tell that the broker tried to appear legitimate. The company offers access to MT4, one of the best trading software.
With MetaTrader 4, you can expect to see a vast number of charts, indicators, and other tools. You can participate in social trading and copy the strategies of other investors. If you prefer to automate the process, you can use various trading bots.
The app is available on both Windows and MacOS software, so you won’t miss any opportunities.
In addition to desktop apps, MT4, as well as MT5 are suitable for mobile trading. The broker added links for iOS and Android to its website, where you can download the app directly to your device. You will keep all the same tools on a device you carry wherever you go.
If you’re still keen to deposit money with CJC Markets broker, you will have access to five asset classes. These are:
Allegedly, you can trade over 500 CFDs on their platform. However, since everything we read so far was a notorious lie, we wouldn’t believe these numbers either.
The spread varies depending on the account type. It starts at 1.5 pips and goes down to 0.0 pips for the ECN account. However, this account includes commissions described as “negotiable.”
Speaking of CJC Markets account types, let’s review these as well. You can choose from one of the following:
The minimum deposit is not specified, yet another indicator of the broker’s illegal status. Legitimate firms are obligated to be transparent with their investors.
To summarize, each account brings lower spreads and lower leverage, and the ECN one has trading commissions. Everything else remains the same.
You can test the MT4 using CJC Markets Demo account. The company says you can choose Demo during account registration and get access to it. They don’t specify how long you can use it or how much money you will get.
Since we have determined that CJC Markets cannot be trusted, we advise you to test MT4 directly on the MetaQuotes website. You can use a risk-free account without exposing your personal details to any broker.
Another thing missing from this allegedly legitimate broker site is CJC Markets Withdrawal Policy. Usually, legal brokers will be precise about your payment methods and fees so there are no misunderstandings.
The company listed the following payment options on its website:
However, this can easily be a nice ad luring you to invest and promising diversity. Mainly, scammers request their victims to pay via crypto, as these transactions are not subject to a chargeback procedure and are hard to reverse.
If you’re one of the unlucky victims of the CJC Markets scam, let us know. This financial swindler defrauded many. We’re ready to evaluate your case and find a way to request a chargeback. If deposited via crypto, our CipherTrace analysts can guide you through the fund tracing procedure.
Book a free consultation now, and let’s start building the case. Time is of the essence!
While pretending to hold multiple regulations, CJC Markets has none. If you have already invested money with this firm, allow us to help with the refund procedure.
CJC Markets offers a risk-free Demo account via MT4 for all its customers.
CJC Markets login is enabled through a dedicated MT4 mobile app.
While pretending to hold multiple regulations, CJC Markets has none. If you have already invested money with this firm, allow us to help with the refund procedure.
CJC Markets offers a risk-free Demo account via MT4 for all its customers.
CJC Markets login is enabled through a dedicated MT4 mobile app.
The post CJC Markets Review 2023 – Does This Broker Have a License? appeared first on Global Fraud Protection.
