JustMarkets Review – Fraud Complaints
JustMarkets is a relatively new online trading platform that has been gaining popularity among traders in recent years. However, despite its growing user base, the platform has been plagued by numerous fraud complaints and controversies. In this review, we will delve into the details of these complaints and examine whether JustMarkets is a legitimate trading platform or a scam.
Background
JustMarkets is a online trading platform that allows users to trade a variety of financial instruments, including forex, stocks, commodities, and cryptocurrencies. The platform is owned and operated by a company called JustMarkets Ltd, which is registered in the Marshall Islands. JustMarkets claims to be a reputable and trustworthy trading platform, but a closer look at the company’s history and operations reveals a different story.
Fraud Complaints
JustMarkets has been accused of numerous frauds and scams by its users. Many traders have reported that the platform has been manipulating trading conditions, including price quotes and trade execution, to favor the company. Some traders have also reported that their accounts have been hacked and their funds stolen.
One of the most common complaints about JustMarkets is that the platform is not transparent about its trading conditions and fees. Many traders have reported that they were not informed about the fees associated with trading on the platform, and that the fees were excessively high. This lack of transparency has led many traders to question the legitimacy of the platform.
Another common complaint about JustMarkets is that the platform is not regulated by any reputable financial regulatory agency. This lack of regulation has led many traders to believe that the platform is not a legitimate trading platform.
Regulatory Issues
JustMarkets has been accused of violating regulatory requirements in several countries. In 2020, the company was accused of violating regulatory requirements in the European Union, and was subsequently banned from operating in the region. The company has also been accused of violating regulatory requirements in other countries, including the United States and Australia.
Conclusion
In conclusion, JustMarkets is a trading platform that has been plagued by numerous fraud complaints and controversies. The platform’s lack of transparency and regulatory issues have led many traders to question its legitimacy. While the platform may have some legitimate traders, the numerous fraud complaints and regulatory issues suggest that it is not a trustworthy trading platform.
Traders who are considering using JustMarkets should be aware of the potential risks and should carefully research the platform before making any trading decisions. It is also important for traders to
