Jet Trade Markets

Jet Trade Markets' reliance on a very unappealing shade of yellow is one of its many shortcomings that, when accumulated with the rest, create a product that is best left alone. As we learn more about Jet Trade Markets, we tend to notice that this broker is actually nothing special, and is in fact a typical shady and offshore firm. We can easily put it with the rest of the scammers in the same pile as most of the brokers we tend to review. In fact, Jet Trade Markets seems a bit old school, as if it has not come to terms with the trend of the scammer brokers- believe it or not, unlicensed brokers also tend to evolve, albeit in a very different direction.

The regulatory information presented by Jet Trade Markets is complete bull! The company claims to be licensed by ASIC, but registered in Saint Vincent and the Grenadines.

There is no proof that ASIC regulates this broker as we went to the databank of the agency and found no proof of the firm in ASIC's database.

We are prone to believe that the broker is located in Saint Vincent and the Grenadines since this country is home to thousands of scammer brokers. So, a registration there is acceptable for any fraudulent broker. And not to mention that there is no FX regulator in Saint Vincent and the Grenadines. So a regulation is not possible; only registration is.

Jet Trade Markets is definitely not regulated and a risk to all users! It is a scam on top of everything, making it that more dangerous.

Investing in unregulated brokers is the digital equivalent of throwing your money away for the wind to disperse it. It’s obvious that no one would do such a thing. Go with brokers that are regulated by trustworthy organizations like the FCA or CySEC. These entities work closely with the law, enforce it when called for, and have strict requirements for those under their gaze. Not to mention that those under their jurisdiction are members of compensation funds that cover victimized clients’ losses of up to £85 000 (FCA) and €20 000 (CySEC).

The main issue with gathering the trading conditions from the user area was that we could not access trading software, because our account was not approved.

The website, on the other hand, offers little in trading details. We only gather that the maximum leverage value is capped at 1:400. Also, certain account types have commissions to them. That's all the information that we were able to get a read on. The website offers nothing else. And even what it does have is not proven to be accurate.

JET TRADE MARKETS LOGIN

The user area had no trading platform. As much as we looked, there was nothing to give us a taste of a terminal. Moreover, the advertized web trader on the website, an MT5 one, had only demo account types, meaning that the web trader did not really belong to Jet Trade Markets.

We wonder whether Jet Trade Markets can be dubbed a broker, since it does not hold a trading software. Considering that the firm is not licensed, we can say that it probably cannot be defined as am FX broker.

JET TRADE MARKETS MINIMUM DEPOSIT

Investing in unlicensed brokers is a definite risk. Proceed with the utmost caution.

The minimum deposit is $1000, which is 4 times the common and accepted amount.

The only method for investing is through a bank transfer.

No other deposit information exists.

DON’T PROVIDE YOUR CREDIT CARD CVV CODE

The CVV code is the one thing that separates a buyer from a product. Without it, one cannot complete a purchase, even if him/her has given all other necessary information. By giving this detail to someone else, you are essentially inviting them to use your funds for their own means. And be warned that unregulated brokers most certainly plan to do so.

DON’T PROVIDE ACCESS TO YOUR COMPUTER AND BANK ACCOUNT VIA ANYDESK OR TEAMVIEWER

Be sure to never give AnyDesk or TeamViewer access to your PC to unverified agents. These 2 platforms allow for your PC to be taken over by a second party, oftentimes for help or guidance, but in the case of these brokers for the sole purpose of looting your bank account(s) and personal information. However, in order to do so your consent is needed, and this is the only thing standing in the scammers’ way.

JET TRADE MARKETS WITHDRAWAL TIME AND FEES

Withdrawal requests with unlicensed brokers are almost never processed because the scammers do not want to lose money.

The only withdrawal details that we were able to find is that the payment method used for taking out money is a bank transfer.

Nothing else is disclosed as far as withdrawals are concerned. There are no fees revealed, nor any processing times.

ACCOUNT VERIFICATION

Beware, once more, when giving away an ID and a proof of address. Trustworthy brokers ask for these before traders can deposit to make a check up. Deceitful ones will ask for these details, using the anti-money laundering legislation as pretext, once you start asking too many questions and are getting suspicious of their activities. Understand that they will use these to build a stronger case against you in the event that you request a chargeback.

Yet again we urge readers to stay away from this broker as it will, without a doubt, never return your funds and profits. If you wish to to get smooth and efficient transactions, please visit a FCA/CySEC regulated broker, where all withdrawals are handled with care and respect.

HOW TO RECOVER

The most sound advice we could give you is to immediately file for a chargeback with you credit card company.

If you have given away your credit card details including the CVV code to the “broker” you should cancel it ASAP and check with your bank to see the damage inflicted.

Also, beware of self proclaimed “recovery” agencies or agents. These cheeky scammers promise to fix your problem and restore the lost funds. They offer their services in exchange of a small sum from your end, after which you won’t ever hear from them again.

The last line of defense for these indecent folk is more like a desperate cry: often times they will comment on reviews and cite the whole ordeal as a conspiracy initiated by competitive brokers against them; at times even claiming that reviewers are anything but objective, and that no one writes good reviews. The absurdities are limitless!

BOTTOM LINE

Jet Trade Markets is not a reliable broker. First of all, all investments will be lost and clients will find it very difficult, if not impossible, to retrieve their money. Second, any personal details disclosed with the broker can be used against the user as a tool for manipulation.