Jet Trade Markets is a clone Forex trading platform likely to steal funds from you. The platform has, over the years, been stealing funds from members. You might want to know how jettrademarkets.com defrauds investors. Apart from blocking withdrawals, the platform also harvests banking data. In addition, your credit card gets charged for online goods and services by the platform. Here’s more in our exclusive JET TRADE MARKETS REVIEW.
There’s nothing to write home about when it comes to Jet Trade Markets. But unfortunately, the platform fails to disclose any actual information about their place of residence. And this puts investors at peril as the platform is clearly an anonymous trading place.
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We have a store that wants to take complete advantage of investors. You need to stay away from the store or risk losing everything. Anthony Delray lost all his retirement savings by investing in the platform.
Most investors and traders don’t bother checking out the platform’s credibility. And this is how such platforms pull investors in by making over-the-moon promises. You need to stay away from the store or risk losing everything.
There’s no background or history of the platform. Jet Trade Markets remains an unknown entity despite having years of experience. We know for a fact that scam platforms will do or say anything to try and get investors to sign up.
It would help if you did due diligence before investing in any platform. Try and find out what other investors are saying about the platform before committing funds. It gives you insight into what to expect with their products and services.
Jet Trade Markets offers three account types to investors. These include Standard, Pro, and Elite accounts. Each of these accounts comes with a different feature. Here’s a closer look at each of these accounts;
Standard
It’s the most basic account, with the platform promising zero account fees. Unfortunately, the platform fails to mention the acceptable minimum deposit with this account. We also don’t know the set leverage and spreads for trading assets.
Pro
For pro account holders, the account comes with raw spread settings. Members get a commission of $5 per round turn lots. There’s also no information regarding the leverage and spreads of this account.
Elite
Elite account holders must deposit a minimum of $1,000 to get started. The account comes with a monthly fee of 5 percent of the weighted average. That means the minimum charge for running the account is $50.
We have to mention the harsh trading conditions found on the platform. The first is the lack of any leverage information. Regulators have set up rules for leverage to protect all parties.
In Europe, the maximum leverage is 1:100 with the platform in question going above it. Retail traders in the United States enjoy maximum leverage of 1:50. Any platform asking for more is putting your investment at risk.
The winner is the platform that profits from your losses with high leverage. But, of course, you are bound to make losses and big ones considering the high leverage. That’s why regulators moved in to keep all parties in check.
Another issue with the platform is a lack of information regarding the minimum deposit. No one knows the acceptable minimum deposit for the first two accounts. The platform leaves this information for a reason.
Jet Trade Markets wants investors to deposit as much funds as possible. After depositing funds, the platform will block withdrawals. The platform tries to reach out by claiming the more you deposit, the higher your chances of winning.
These are false narratives as legit platforms even allow deposits of $10. Instead, we have a store that wants to rip off investors when the withdrawal time comes. That’s why we have to expose every red flag found on the platform.
There’s an affiliate partnership available on the platform. The store promises a 10 percent commission on any referrals. It seems to be a perfect way to earn passive income with the platform.
Before jumping the gun, you need to know the impact of partnering with the platform. No one has earned any commissions with the store. The store refuses to release commissions from members.
You end up losing your credibility and reputation as an affiliate. The people you direct to the platform will likely blame you for their losses. Your connections are the only interest the platform has in you.
If victims take the platform to court, the law will consider affiliates as accomplices to online fraud. These affiliates have been directing and referring investors to a shoddy platform. That’s why we have to expose the platform’s affiliate program.
There are four classes of trading instruments available on jettrademarkets.com. These include commodities, forex, indices, and shares. So you get to trade commodities such as cotton, coffee, gold, natural gas, oil, sugar, and more.
Forex trading happens to be the pinnacle of the platform’s activities. The platform offers major and minor currency pairs. These pairs provide investors with a chance to trade against leading currencies.
You also get to trade with international markets such as Nikkei and S&P 500. Thanks to such trading avenues, you get to learn how markets affect global prices. It’s an eye-opener and a good place to start when investing.
Companies also trade shares which is another lucrative way of earning with trading. The platform provides several shares from leading companies. These companies come from different sectors, including manufacturing and tech.
Shockingly, there’s little information on who owns the platform. We don’t have any information on the CEO or founding members. There’s little to go on regarding staff members working for the platform.
And this points to an anonymous entity. Therefore, you need to avoid anonymous investment platforms as best as possible. These entities will likely target naïve investors and steal their funds. Jettrademarkets.com is a perfect example.
Jet Trade Markets is not a compliant trading platform despite leading members to believe so. The platform claims to have a license from ASIC, which is not the case. We checked with the Australian regulator and confirmed the above platform is not on the registered entity list.
You need to check whether a platform complies with regulations before signing up. After that, the store is free to operate without any regulatory framework as they wish. And this means imposing harsh trading conditions.
Despite claiming to offer a demo account, it doesn’t help much. The demo account is a buy-and-sell option with no actual integration with the trading platform. Nevertheless, we can give the platform kudos to avail of a world-class trading platform.
Your funds are far from safe with an unregulated platform. The platform fails to segregate accounts. We have a platform that holds all funds in a single personal account. The platform stores funds in an offshore bank.
After exposing all the red flags, you should stay away from Jet Trade Markets. The platform is a clone and uses another company’s registration documents.
You need to invest in proven investment strategies. So go for the safest investment strategies the industry has to offer.
Please leave a comment or write to us for those with any queries.
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