Unregulated, offshore, blacklisted, and with a history of cloning. What more could we add to that to tell you how utterly unsafe JD Market Expo is for investing. Their owning company, JD Market Expo Ltd, allegedly has their leading office in Hungary. But wait – they’re supposedly regulated in Vanuatu.
Let us tell you right off: neither of those claims are true. A previous statement on the website said they were owned by JD EUROWAY FINANCIAL SERVICES PORT VILA LIMITED. This company held a false regulation, which didn’t even belong to them, but to another firm. Trading 212 is the owner of the CySEC license that JD Market Expo claimed was theirs.
As if the entire prospect of JD Market Expo wasn’t already all confusing and tangled up, CBR has blacklisted them for unregulated securities trading. You can find the proof of that on the following link: https://cbr.ru/eng/inside/warning-list/detail/?id=17714
So stay with us, as we dive into this JD Market Expo review in search for the truth.
There is another address on the website which implies JD Market Expo operates from Hungary. But the jurisdictional regulator there is neither familiar with JD Market Expo or their parent company. We couldn’t stop our investigation there, though, not just yet. Looking through more registers of Tier 1 regulators was the following step. We were out to determine if JD Market Expo has any license at all. Or perhaps a warning on their head.
As it turns out, FCA, CySEC, AMF, FSMA and CONSOB aren’t familiar with this broker. But CBR is, and not in a good way. The Central Bank of Russia has this fraud blacklisted for their unscrupulous engagement in derivatives trading and other investment services. If you’re wondering what led to that, remember the regulatory rules reigning the EEA, for example, since JD Market Expo to be operational in the area.
Not only would JD Market Expo have to have a hefty deposit placed as leverage for their business, but they would have to provide top notch security and safety of funds. Let us remind you that the maximum leverage ratio in the EU and UK is 1:30, while this dubious broker sets it at 1:100.
JD Market Expo has an obvious preference for the EEA zone. Being based offshore and not having a regulation has hardly done anything to prevent them from reaching EU customers. And we’ve already compared their trading conditions with the regulatory standards in these countries – they apparently do not match. Still, JD Market Expo doesn’t mind defrauding customers from these states:
JD Market Expo requires you to first invest at least $250 to be able to join. Not too much, not too little. But the final result is only your loss, as the swindler never stops asking for more. Relatively small deposit is just one of the baits. Another one is exceptionally good trading conditions.
We’ve all dreamed of becoming rich quickly, with little to no effort needed. JD Market Expo creates an illusion of you being able to achieve that thanks to their platform, trading tools, bonuses and their trading environment as a whole.
The persistent and overly personal scam agents will keep doing your head in until you fall for the trap and start investing. And while the artificial trading setup will only show amiable results, the truth is something entirely different. Your deposits are lying in the scammers pocket already, while the whole profit is fake and you’ve earned nothing.
Seemingly simple yet comprehensive, the trading platform at JD Market Expo is just an example of bogus software. To build an impression of an award-winning platform, JD Market Expo does its best to advertise the terminal as something groundbreaking. But the fake glorifying doesn’t do much when the software is borderline useless.
Unregulated brokers worldwide at least try to convince you to believe Demo trading is available at their platform. JD Market Expo doesn’t. They simply do not allow you to create a trial account with virtual funds that you could use for price-speculating. That would reveal too much of what they have to hide, so you first have to invest. Although the cheapest account type isn’t overly expensive, we do not recommend you buying it.
Yet another proof of this broker being a sham is the fact they’ve omitted all the crucial information on transactions and processing time. Channels you can use for transferring money are not disclosed. Neither does the site explain the particular steps of the withdrawal procedure.
Such lack of honesty and transparency should divert traders from investing here. How profitable do you think a trading environment is when the owner of it doesn’t inform you how account funding and payouts work?
Being the scam they are, we’d expect nothing less from JD Market Expo than astronomical fees, absurd taxes and charges, as well as irrational conditions. Every other scam like this one requires you to submit your sensitive data in the form of your ID photos, and credit card and bank accounts info, as well.
One ace up their sleeve is always the trading volume requirement. We’ve already established that JD Market Expo offers bonuses. Do not think for a second about this as free money. Bonuses inevitably and always come with strings attached so fraudsters would have an excuse to prevent you from cashing out your profit.
Although the situation is dire, please try to keep a level head. Otherwise the scammer can deal additional damage and push you into more problems. You do not want the manipulator to provoke you to do something you will regret later.
It’s crucial to remain calm and contact us for an honest talk. Perhaps you feel alone and like the loss is irreversible. But do not despair. Our dedicated team of scam-fighting professionals has the advice you need. Whether it pertains to initiating a chargeback process, or you just need to share the unpleasant experience you’ve had. We’re always available. So contact us whenever and feel free to ask for assistance.
JD Market Expo is an unregulated offshore brokerage without a license. They’ve actually been blacklisted for trading securities without proper authorizations. The firm is also known as a clone of a CySEC regulated company.
While the website claims you’re able to engage in price speculating of Crypto and CFDs, we cannot confirm it. Either way, trading is futile when the broker isn’t regulated.
As far as we managed to determine without being able to open an account JD Market Expo doesn’t have a proprietary mobile app.
The broker doesn’t have this kind of program currently available. However, there are bonuses offered, which are another kind of the bait the scam uses.
JD Market Expo is an unregulated offshore brokerage without a license. They’ve actually been blacklisted for trading securities without proper authorizations. The firm is also known as a clone of a CySEC regulated company.
While the website claims you’re able to engage in price speculating of Crypto and CFDs, we cannot confirm it. Either way, trading is futile when the broker isn’t regulated.
As far as we managed to determine without being able to open an account JD Market Expo doesn’t have a proprietary mobile app.
The broker doesn’t have this kind of program currently available. However, there are bonuses offered, which are another kind of the bait the scam uses.
The post JD Market Expo Review Discusses Unjust Intentions Of A Sloppy Clone appeared first on Global Fraud Protection.
