justmarketsvi.net Reviews

The website justmarketsvi.net claims to be a platform for trading forex, CFDs, gold, and oil. However, several red flags and concerning elements are present:

1. Unrealistic Leverage: The website advertises high leverage up to 1:3000. Such high leverage is extremely risky and is often associated with unregulated or offshore brokers.

2. No Requotes and Fast Execution: These claims are common among scam brokers and are used to lure in unsuspecting traders. In reality, legitimate brokers cannot guarantee no requotes, especially during volatile market conditions.

3. Instant Withdrawals: While instant withdrawals are technically possible with some payment methods, they are not common in the forex and CFD industry. Promising instant withdrawals can be a tactic to entice traders.

4. Low Spreads Starting from 0 Pips: Extremely low spreads, especially starting from 0 pips, are often a sign of a scam. Legitimate brokers have variable spreads that can widen during market volatility.

5. Copy Trading and Leaderboard: While copy trading is a legitimate feature offered by some brokers, its prominent promotion on the website, especially with claims of getting copied and a leaderboard, can be a distraction from more critical aspects of the broker’s legitimacy.

6. Multiple Regulatory Licenses: The website claims to be licensed by several regulatory authorities, including the FSA, CySEC, FSC, and FSCA. It’s highly unusual for a single broker to be regulated by so many different authorities, especially across different countries.

7. Client’s Funds Protection: While the protection of clients’ funds is a crucial aspect of a legitimate broker, the website’s emphasis on this point, without clear details on how the protection is ensured, can be a red flag.

8. Educational Content and Market Trends: While providing educational content is not inherently suspicious, it can be used as a tactic to appear more legitimate. Scam brokers often invest in creating a facade of expertise and market analysis.

9. Legal Information: The website provides detailed legal information, including registration numbers and addresses of various entities. However, the presence of such information does not guarantee legitimacy.

10. Risk Warning: The website includes a risk warning about the high risk of losing funds rapidly due to leverage. While this is a regulatory requirement, it can also be used to shift responsibility to the trader in case of losses.

11. Restricted Jurisdictions: The website mentions that it does not offer services to residents and citizens of certain jurisdictions, including Australia, Canada, the EU and EEA, Japan, the United Kingdom, the United States of America, and countries sanctioned by the EU. This can be a tactic to avoid scrutiny from strict regulatory authorities in these regions.

12. Verify You Are Human: The website prompts users to complete a security check to proceed, which can be a tactic to gather more information or create a sense of security.

Given these red flags, it’s crucial to exercise extreme caution when considering any engagement with this platform. It’s highly advisable to thoroughly research and verify the legitimacy of the broker through independent and reputable sources, and to consider seeking advice from financial professionals or regulatory authorities.”

the reasons behind this review :
Unrealistic Leverage, No Requotes and Fast Execution, Instant Withdrawals, Low Spreads Starting from 0 Pips, Copy Trading and Leaderboard, Multiple Regulatory Licenses, Client's Funds Protection, Educational Content and Market Trends, Legal Information, Risk Warning, Restricted Jurisdictions, Verify You Are Human