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JNY Markets

Seychelles|1-2 years|
Suspicious Scope of Business|High potential risk|

https://www.jnymarkets.com/en/

Website

Rating Index

Contact

serve@jnymarkets.com
https://www.jnymarkets.com/en/
Office No. 1, First Floor, Siva’s Complex, Providence, Mahe, Seychelles.

Licenses

No valid regulatory information, please be aware of the risk!

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Warning: Low score, please stay away! 2
Previous Detection : 2024-07-14
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The current information shows that this broker does not have a trading software. Please be aware!

WikiFX Verification

JNY Markets · WikiFX Survey

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JNY Markets · Company Summary

JNY Markets Review Summary
Founded Within 1 year
Registered Country/Region Seychelles
Regulation Unregulated
Market Instruments Stocks, indices, commodities and more
Demo Account Unavailable
Leverage 1:500
Trading Platforms MT4
Customer Support WhatsAPP, email

What is JNY Markets?

JNY Markets is a brokerage firm that offers a wide range of financial products for trading. They provide access to various markets of over 350 products. With over 50 currency pairs available for trading in the FX market and a diverse selection of CFDs, including stocks, commodities, and indices, JNY Markets aims to provide trading opportunities to its clients.

It is worth noting that JNY Markets claims to have certain protective measures in place, such as segregation of accounts and safe isolation of customer funds. However, it is important to acknowledge that JNY Markets currently lacks valid regulation, which can be a cause of concern. As an investor, it is crucial to conduct thorough research and carefully evaluate the potential risks and rewards before considering investing with JNY Markets.

JNY Markets' home page

If you would like to continue reading, we have prepared an upcoming article that thoroughly assesses the broker from various perspectives. The article will provide well-structured and concise information to give you a comprehensive understanding. At the end of the article, we will provide a brief summary to give you a quick overview of the broker's characteristics.

Pros & Cons

Pros Cons
  • MT4 supported
  • Not regulated
  • A range of trading instruments
  • No demo accounts
  • No social media presence

Pros of JNY Markets:

- MT4 supported: JNY Markets offers support for the widely used trading platform MT4, which is popular among traders for its advanced features and customizable interface.

- A range of trading instruments: JNY Markets offers over 350 trading products for their clients to trade.

Cons of JNY Markets:

- Not regulated: One major drawback of JNY Markets is the absence of valid regulation. This could potentially expose investors to a higher level of risk as there is no overseeing regulatory authority to ensure fair practices and the protection of client funds.

- No demo accounts: JNY Markets does not offer demo accounts, which are valuable for novice traders to practice trading strategies and get familiar with the platform in a risk-free environment. The absence of this feature may be a disadvantage for those who wish to test the waters before committing real funds.

- No social media presence: JNY Markets lacks a presence on social media platforms, potentially limiting the availability of information, updates, and engagement with clients through these channels. This can make it more difficult for clients to stay informed about the company's latest developments and communicate with them easily.

Is JNY Markets Safe or Scam?

JNY Markets promotes certain protective measures such as the segregation of accounts and secure isolation of customer funds. However, the absence of valid regulation for JNY Markets raises concerns. If you are contemplating investing with JNY Markets, it is essential to conduct thorough research and carefully assess the potential risks in comparison to potential rewards before making any decisions. In general, it is advisable to invest with brokers that are properly regulated to ensure the safety of your funds.

protection measures

Market Instruments

Here are the trading instruments offered by JNY Markets:

  • Foreign Exchange (FX) market: Over 50 currency pairs available for trading.

  • Contracts for Difference (CFDs): Including stocks, indices, commodities, and more.

  • Stocks: Access to popular stocks listed on major exchanges such as ASX, NYSE, and NAS.

  • Indices: Trade renowned global indices like S&P 500, FTSE 100, and DAX 30.

  • Commodities: Trading opportunities in precious metals like gold and silver, as well as crude oil.

  • Cryptocurrencies: Trade popular cryptocurrencies like Bitcoin, Ethereum, and Ripple.

  • Futures: Trade futures contracts on commodities, currencies, and indices.

Market Instruments

Leverage

JNY Markets offers a maximum leverage of 1:500, which means that traders can control a position that is up to 500 times larger than their actual investment. Leverage allows traders to magnify their potential profits, as even small market movements can result in significant gains.

However, it is crucial to understand that leverage also comes with increased risk. While high leverage can amplify profits, it can also lead to substantial losses. Traders must exercise caution and carefully assess their risk tolerance before engaging in leveraged trading.

Trading Platforms

JNY Markets offers the popular and widely recognized MT4 as its trading platform for clients. MT4 has established itself as a leading platform in the financial industry, known for its robust features, user-friendly interface, and advanced trading tools.

MT4 offers a secure and reliable trading environment. It utilizes encryption technology to ensure the confidentiality and integrity of client information and transactions. Additionally, it provides access to historical data, news feeds, and economic calendars, enabling traders to stay updated with market events and make timely trading decisions.

Moreover, MT4 offers a range of order types, including market orders, limit orders, and stop orders, allowing traders to implement their preferred trading strategies. The platform also supports one-click trading, making it convenient for traders to execute orders quickly and efficiently.

MT4

Fees & Commissions

The trading platform provides quotations based on our standard trading spread, which is derived from the inter-bank trading spreads of major currency pairs. The major currencies covered include the US dollar, British pound, Japanese yen, euro, Swiss franc, Canadian dollar, and Australian dollar. JNY Markets earns profits from the spreads involved in currency trading.

Deposits & Withdrawals

JNY Markets offers convenient options for depositing and withdrawing funds. Clients have the flexibility to choose from various methods, including bank transfer, VISA, Mastercard, and Maestro.

  • Bank Transfer:

Clients can initiate a bank transfer by following the provided instructions. They need to transfer the desired amount from their personal bank accounts to JNY Markets' designated bank account. This method allows for a secure and straightforward transfer of funds.

  • Debit/Credit cards:

Alternatively, clients can use their VISA, Mastercard, or Maestro debit/credit cards to make deposits. By logging into their trading accounts, they can select the desired payment method and input the necessary card details. JNY Markets ensures the safety of client information by utilizing encryption technology during the payment process.

Payment Methods

Customer Service

Customers can visit their office or get in touch with customer service line using the information provided below:

Email: serve@jnymarkets.com

WhatsApp: 16465082985

Furthermore, JNY Markets offers a section on their website dedicated to Frequently Asked Questions (FAQs), which is designed to assist clients by providing relevant information and addressing common inquiries. The FAQ section aims to address any concerns or questions investors may have regarding JNY Markets' services, processes, and investment opportunities.

FAQ Page

Conclusion

In conclusion, JNY Markets is a brokerage firm that offers a diverse range of financial products for trading. It is important to note that JNY Markets currently lacks valid regulation.

The absence of valid regulation raises concerns about the level of oversight and protection of customer funds. As an investor, it is crucial to thoroughly research and consider the potential risks and rewards before deciding to invest with JNY Markets or any brokerage firm that lacks proper regulation.

Frequently Asked Questions (FAQs)

Q 1: Is JNY Markets regulated?
A 1: No. This broker currently has no valid regulation.
Q 2: How can a client contact the customer support team at JNY Markets?
A 2: A client can contact via Email: serve@jnymarkets.com and WhatsApp: 16465082985.
Q 3: Does JNY Markets offer demo accounts?
A 3: No.
Q 4: Does JNY Markets offer the industry leading MT4 & MT5?
A 4: Yes. It offers MT4.

Risk Warning

Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies.

In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then. Therefore, readers are advised to always verify updated information directly with the company before making any decision or taking any action. Responsibility for the use of the information provided in this review rests solely with the reader.

Broker Information

Company Name

JNY Markets Limited

Abbreviation

JNY Markets

Regulatory Status

No Regulation

Platform registered country and region

Seychelles

Phone of the company

--

Twitter

--

Facebook

--

Instagram

--

YouTube

--

Company address
  • Office No. 1, First Floor, Siva’s Complex, Providence, Mahe, Seychelles.

Linkedin

--

WhatsApp
  • 16465082985

QQ

--

WeChat

--

Customer Service Email Address
  • serve@jnymarkets.com

Company Summary

User Reviews

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Write a review

Mr.aojo
more than one year
I am disappointed by their unauthorized closure of my position, contrary to my explicit request upon account opening that no one else could terminate my trades. Although I did not suffer significant losses, their dishonesty about lacking a stop-loss system is concerning.
2024-02-29 16:28
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