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The WikiFX Score of this broker is reduced because of too many complaints!

CJC Markets

New Zealand|5-10 years|
Crypto-Licence|MT4 Full License|Regional Brokers|Suspicious Overrun|High potential risk|

https://www.cjcmarketsglobal.com/

Website

Rating Index

MT4/5 Identification

MT4/5

Full License

CJCMarkets-Demo

Hong Kong
MT4
2

Influence

C

Influence index NO.1

Vietnam 3.28
The WikiFX Score of this broker is reduced because of too many complaints!

MT4/5 Identification

MT4/5 Identification

Full License

2
Server Name
CJCMarkets-Demo MT4
Server Location Hong Kong

Influence

Influence

C

Influence index NO.1

Vietnam 3.28

Surpassed 47.88% brokers

Biz AreaSearch StatisticsAdvertisingSocial Media Index

Contact

+27 08132082626
support.vn@cjcmarketsglobal.com
https://www.cjcmarketsglobal.com/
Room 29OT01, Floor 29th , Vinhomes Landmark 81, Vinhomes Central Park, Nguyen Huu Canh Street, 22nd Ward, Binh Thanh District, Ho Chi Minh City
Warning: Low score, please stay away! 7
Previous Detection : 2024-06-20
  • The number of the complaints received by WikiFX have reached 51 for this broker in the past 3 months. Please be aware of the risk and the potential scam!
  • The number of this brokers's negative field survey reviews has reached 1. Please be aware of the risk and the potential scam!
  • The New ZealandFMA regulation (license number: 569807) claimed by this broker is suspected to be clone. Please be aware of the risk!
  • The AustraliaASIC regulation (license number: 001282580) claimed by this broker is suspected to be clone. Please be aware of the risk!
  • The AustraliaASIC regulation (license number: 517661) claimed by this broker is suspected to be clone. Please be aware of the risk!
  • The AustraliaASIC regulation (license number: 001289300) claimed by this broker is suspected to be clone. Please be aware of the risk!
  • The AustraliaASIC regulation (license number: 001294124) claimed by this broker is suspected to be clone. Please be aware of the risk!

WikiFX Verification

CJC Markets · WikiFX Survey
Danger A Visit to CJC Markets in US - No Office Found
United States

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Expose

    CJC Markets · Company Summary

    CJC Markets Review Summary in 10 Points
    Founded 2012
    Registered Country/Region New Zealand
    Regulation FinCEN, FMA/ASIC (Suspicious clone)
    Market Instruments Forex, Metals, Equity Indices, US Shares, Asia Shares, EUR Shares, Cryptocurrency CFDs
    Demo Account Not mentioned
    Leverage 1:400
    EUR/USD Spread 1.5 pips
    Trading Platform MT4
    Minimum Deposit $1,000
    Customer Support 24/5 live chat, phone, email

    What is CJC Markets?

    Based in Auckland, New Zealand, CJC Markets (Carrick Just Capital Markets Limited) is a regulated online NDD (No Dealing Desk) trading broker that allows clients to trade multiple financial assets with flexible leverage up to 1:400 and floating spreads on the MT4 trading platform via 3 different live account types, as well as 24/5 customer support service.

    In the following article, we will analyse the characteristics of this broker in all its dimensions, providing you with easy and well-organised information. If you are interested, read on.

    CJC Markets home page

    Pros & Cons

    Pros Cons
    • Multiple tradable assets and funding options • Clients from US and China (including Hong Kong) are not accepted
    • Provides balance protection • Negative reviews from some clients regarding the platform being a scam
    • Multiple deposit and withdrawal options • High minimum initial deposit ($1,000)
    • MT4 supported • Unclear commission fees on ECN account
    • Customer support team available 24/5

    CJC Markets has several advantages including a wide range of tradable instruments, a variety of deposit and withdrawal options, and 24/5 customer support. However, there are also some significant drawbacks, including high minimum deposit requirements, and mixed reviews from clients. Overall, traders should exercise caution and carefully consider these factors before deciding whether to trade with CJC Markets.

    CJC Markets Alternative Brokers

      There are many alternative brokers to CJC Markets depending on the specific needs and preferences of the trader. Some popular options include:

      • FP Markets - An ASIC and CySEC-regulated broker with a wide range of trading instruments, competitive spreads, and multiple trading platforms, suitable for both novice and experienced traders.

      • FXDD - An offshore broker offering ECN trading accounts with a variety of trading instruments and low spreads, but lacks regulatory oversight and has mixed reviews from clients.

      • Global Prime - An ASIC-regulated broker with a focus on transparency, offering ECN trading accounts with competitive spreads and a range of trading tools, but has limited trading instruments and high minimum deposit requirements.

    Ultimately, the best broker for an individual trader will depend on their specific trading style, preferences, and needs.

    Market Instruments

    CJC Markets provides investors with 500+ instruments including Forex, Metals, Equity Indices, US Shares, Asia Shares, EUR Shares, Cryptocurrency CFDs. The broker provides access to more than 100 currency pairs, such as the EUR/USD, GBP/USD, and USD/JPY. Clients can also trade precious metals such as gold and silver, as well as a variety of equity indices such as the S&P 500 and the Nasdaq 100. CJC Markets also offers a broad selection of shares from the US, Europe, and Asia. Additionally, the broker provides access to popular cryptocurrency CFDs such as Bitcoin, Ethereum, Ripple, Litecoin, and Tether.

    Market Instruments
    Market Instruments

    Account Types

    There are three account options available on the CJC Markets platform: Standard, VIP and ECN. The minimum initial deposit for a Standard account is $1,000, way too high for most regular traders to get started. The high minimum initial deposit can be a disadvantage for many traders, especially beginners who want to start with a smaller amount of money.

    However, the higher minimum deposit requirement for the Standard account may be suitable for more experienced traders who want access to higher leverage and other advanced trading features. The VIP and ECN accounts require a minimum initial deposit of $25,000 and $50,000 respectively, which may not be feasible for many traders.

    Account Types

    Leverage

    In terms of trading leverage, the maximum leverage for the Standard account is up to 1:400, up to 1:300 for the VIP account and up to 1:200 for the ECN account. It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you.

    Spreads & Commissions

    Spreads and commissions with CJC Markets are scaled with the accounts offered. Specifically, the spread starts from 1.5 pips on the Standard account, from 1 pip on the VIP account, and raw spreads on the ECN account. As for the commission, there is no commission charged on the Standard and VIP accounts, while unspecified on the ECN account.

    While the Standard and VIP accounts do not charge commissions, the spreads are higher, which may not be as cost-effective in the long run. Traders should carefully consider their trading style and needs when choosing an account type with CJC Markets.

    Below is a comparison table about spreads and commissions charged by different brokers:

    Broker EUR/USD Spread Commission
    CJC Markets From 1.5 pips No
    FP Markets From 0.0 pips AUD $7 round turn
    FXDD From 0.2 pips No
    Global Prime From 0.0 pips AUD $7 round turn

    Note that these rates are subject to change and may vary depending on account type and market conditions. Traders should always confirm the most up-to-date rates directly with the broker.

    Trading Platform

    CJC Markets offers the leading MT4 trading platform for iOS, Android, Windows, and Mac to meet a wide range of user needs. MT4 is currently the most popular forex trading platform on the market, with a user-friendly interface, and powerful charting tools. With a user-friendly interface, powerful charting tools, and a large number of custom indicators, MT4 is available for automated trading and EA trading, helping traders of all levels to develop different trading strategies and help traders to get ahead in the financial markets.

    MT4 for iOS
    MT4 for Android
    MT4 for Windows
    MT4 for Mac

    See the trading platform comparison table below:

    Broker Trading Platform
    CJC Markets MetaTrader 4
    FP Markets MetaTrader 4, MetaTrader 5, Iress
    FXDD MetaTrader 4
    Global Prime MetaTrader 4

    Deposits & Withdrawals

    From the logos shown at the foot of the home page on CJC Markets official website, we found that this broker seems to accept numerous means of deposit and withdrawal choices, consisting of Visa, MasterCard, Bitcoin, bit wallet, BTPay, Bank Wire, dragon pay, help2ay, PayTrust, Skrill, Neteller, and Tether.

    payment methods
    payment methods

    Having multiple payment options provides more convenience and flexibility for traders to deposit and withdraw their funds. It's worth noting that certain payment methods may have fees or restrictions, so it's essential to check with the broker's website or customer service before making any transactions.

    CJC Markets minimum deposit vs other brokers

    CJC Markets Most other
    Minimum Deposit $1,000 $100

    See the deposit & withdrawal fee comparison table below:

    Broker Deposit Fee Withdrawal Fee
    CJC Markets Not mentioned Not mentioned
    FP Markets None None
    FXDD None Varies by method
    Global Prime None None

    Note: Withdrawal fees for FXDD vary depending on the payment method used. Please refer to the broker's website for more information.

    Customer Service

    The CJC Markets customer support team can be contacted 24/5 through telephone, email, social media, or live chat. You can also follow this broker on social networks such as Facebook, Instagram and LinkedIn. FAQ section is also available. Alternatively, traders can visit their physical office in Auckland, New Zealand.

    Customer Service
    Customer Service

    It's worth noting that having a physical office can provide additional peace of mind for traders who value face-to-face communication and transparency with their broker. The availability of multiple channels for customer support is also a plus, as traders can choose the most convenient way to reach out for help. However, the lack of 24/7 customer support may be a disadvantage for traders who need immediate assistance outside of regular business hours.

    Pros Cons
    • Available 24/5 through various channels • No 24/7 customer support
    • Physical office available for in-person help • No support for some languages
    • Active on various social media platforms
    • Comprehensive FAQ section on the website

    Please note that these pros and cons are based on the information available and may not be exhaustive.

    User Exposure on WikiFX

    On our website, you can see that some users have reported scams and unable to withdraw. Please be aware and exercise caution when investing. You can check our platform for information before trading. If you find such fraudulent brokers or have been a victim of one, please let us know in the Exposure section, we would appreciate it and our team of experts will do everything possible to solve the problem for you.

    User Exposure on WikiFX

    Conclusion

    Generally, CJC Markets is a regulated broker that provides a range of instruments. However, the high minimum deposit requirement and negative reviews from clients raise concerns about the safety of the platform. On the other hand, the broker offers balance protection up to $500, and there is a range of deposit and withdrawal options available. The customer support team can be contacted 24/5. Overall, traders should approach CJC Markets with caution and consider the potential risks before investing.

    Frequently Asked Questions (FAQs)

    Question 1: Is CJC Markets regulated?
    Answer 1: Yes. It is regulated by FinCEN.
    Question 2: At CJC Markets, are there any regional restrictions for traders?
    Answer 2: Yes. CJC Markets does not accept customers who are residents of the US and China (including Hong Kong).
    Question 3: Does CJC Markets offer the industry-standard MT4 & MT5?
    Answer 3: Yes. CJC Markets supports MT4.
    Question 4: What is the minimum deposit for CJC Markets?
    Answer 4: The minimum initial deposit to open an account is $1,000.
    Question 5: Is CJC Markets a good broker for beginners?
    Answer 5: No. Although it is a regulated broker, but don't overlook those negative user reviews and the minimum deposit requirement is too high for beginners.

    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 contained in this article is for general information purposes only.

    News

    DESPITE THE CBN'S PROHIBITION, 33.4 MILLION NIGERIANS TRADE CRYPTOCURRENCY

    NewsDESPITE THE CBN'S PROHIBITION, 33.4 MILLION NIGERIANS TRADE CRYPTOCURRENCY

    2022-05-14 12:00

    Despite the Central Bank of Nigeria's prohibition on cryptocurrency-related activities in the banking sector, a crypto platform said that over 33.4 million Nigerians trade or hold crypto assets.

    WikiFX
    2022-05-14 12:00
    News
    DESPITE THE CBN'S PROHIBITION, 33.4 MILLION NIGERIANS TRADE CRYPTOCURRENCY
    WikiFX Review: Is CJC Markets trustworthy?

    NewsWikiFX Review: Is CJC Markets trustworthy?

    2022-04-15 16:31

    What does CJC Markets look like? Is CJC Market legal in your country? WikiFX made a comprehension review on this broker to help you better understand the truth, we will analyse the reliability of this broker from specific information, regulation, exposure and etc. And you should never miss it.

    WikiFX
    2022-04-15 16:31
    News
    WikiFX Review: Is CJC Markets trustworthy?
    THE CBN HAS UNVEILED THE RT200 FX SCHEME, WHICH AIMS TO INCREASE NON-OIL EXPORTS

    NewsTHE CBN HAS UNVEILED THE RT200 FX SCHEME, WHICH AIMS TO INCREASE NON-OIL EXPORTS

    2022-04-13 16:53

    The Central Bank of Nigeria (CBN) has established the RT200 FX Program, which aims to boost foreign currency revenues.

    WikiFX
    2022-04-13 16:53
    News
    THE CBN HAS UNVEILED THE RT200 FX SCHEME, WHICH AIMS TO INCREASE NON-OIL EXPORTS
    Is CJC Markets.com scam or good forex broker?

    NewsIs CJC Markets.com scam or good forex broker?

    2021-12-15 22:14

    CJC Markets is a broker based in New Zealand. Although it is duly licensed by the local financial authorities, the broker is not transparent about its services and pricing. In the present review, we have highlighted both the strong and weak sides of CJC Markets.

    WikiFX
    2021-12-15 22:14
    News
    Is CJC Markets.com scam or good forex broker?

    User Reviews

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    15

    Comments

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    34893
    more than one year
    My time with CJC Markets has unfortunately not been ideal. Trading with the bots they recommended led to significant losses and the response to my complaints was far from satisfactory. Subpar support only added to the turmoil. Caution advised when trading with them. Proceed at your own risk! ⚠️
    2024-04-26 15:53
    Reply
    0
    0
    Tutunana
    more than one year
    It's pretty expensive. Platform charge of 0.15% per year is a lot in 2024. Then there are inactivity fees which can be very high and again look anachronistic in this day and age. Finally trades cost 0.08% of order size (EUR 12 minimum) which is quite a lot relative to Trade Republic or many of the UK online brokers like AJ Bell or Barclays Smart Investor which charge a flat GBP 10 fee
    2024-04-25 18:16
    Reply
    0
    0
    FX1523875063
    more than one year
    Using CJC Markets’ trading signals and real-time data, I observed a bullish trend in the EUR/JPY pair and decided to jump in with a long position. The smooth trade execution gave me the perfect entry point, and I managed to secure a nice profit when the rally unfolded in favor. However, my withdrawal experience could be termed as good but not the best. While the withdrawal process was without any obstacles, the transaction speed lagged slightly behind the leading brokers.
    2023-11-30 15:27
    Reply
    0
    0
    Birdy200
    more than one year
    My experience with CJC Markets has been nothing short of spectacular. Firstly, their platform is immensely user-friendly. I remember executing my first trade smoothly and quickly, thanks to their intuitive layout and efficient trade execution. Secondly, the variety of trading instruments they offer is quite impressive. It allowed me to diversify my investments and reach my goals faster. Lastly, their customer service is highly commendable. I once encountered a minor difficulty with my deposit, and their responsive team resolved it in a practically no time.
    2023-11-28 16:46
    Reply
    0
    0
    birju
    6-12months
    worst forex broekr i have ever seen ,dont work with this company, employees just a horrbile,no any support,
    2023-08-24 14:01
    Reply
    0
    0
    birju
    6-12months
    its really horrible, please do not work this company, its scam , bad people are wroking on their staff, too much problams for withdraw , me and my friend depostied 5300$, and made profit 1200$ i tried to withdraw, but not allowing withdraw, hes eated my money, and my trading account have been locked, CJC markets company is a scammer, dont put your money on this company, spread also manuplatiing, no any supoort, after deposting, huge commision chargin, trade manuplation, stay away from this company,
    2023-08-24 13:59
    Reply
    0
    0
    夜,独醉
    more than one year
    Horrible, I just made a $1000 deposit and saw a lot of people saying it was a scam. I regret it so much. If I knew it earlier, I would have investigated it before starting to invest. I have submitted a withdrawal request and hope it will be successful...
    2023-02-20 09:55
    Reply
    0
    0
    FX1211860576
    more than one year
    One star is too much, honestly. Talking to their customer service staff is like talking to a wall... they don’t even get what you are talking about. Train your employees, CJC Markets!
    2023-02-16 18:05
    Reply
    0
    0
    Amol2324
    more than one year
    Best trusted broker in india Deposit and withdrawal very fast process
    2023-01-23 03:37
    Reply
    0
    1
    sorith Rom
    more than one year
    good
    2023-01-21 20:10
    Reply
    0
    0
    光曦凌
    more than one year
    Withdrawal requests have been rejected. . . It's just weird for no reason. Isn’t this a liar??? Now it’s a direct loss of contact. I couldn’t get in touch with my sales before, the account manager or anything else. They are all in the same group! fraud!
    2022-12-15 11:07
    Reply
    0
    0
    Sakya Chien
    more than one year
    It is only now that I know that this dealer does not have any formal business license at all. They are extremely irresponsible. As long as they fool you into making a successful deposit, they will not care about it later, and maliciously make you lose all the account amount. I lost close to $1000 on this platform and will never use this broker again.
    2022-12-13 10:10
    Reply
    0
    0
    FX1050831316
    more than one year
    This bad platform is completely a liar, so don't invest in them! After my deposits they start to be very indifferent, they don't reply to my messages and they always say the same thing when I ask them why the withdrawal is so slow.
    2022-11-27 14:29
    Reply
    0
    0
    FX1043781424
    more than one year
    The customer service is not professional at all, and the advice they provide will only make you lose more, not make you money. I was thinking, is it their purpose to keep us losing money, so that their platform can logically steal our money?
    2022-11-24 18:15
    Reply
    0
    0
    FX1030910760
    more than one year
    As a scam of CJC Markets two years ago, it is a typical liar… How could someone still be so foolish to believe this platform??? Everything they promise you is simply extracting all your available money. Trust me guys, don’t invest in this platform!
    2022-11-24 14:33
    Reply
    0
    0
    59
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