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

JYJ TRADER

Australia|2-5 years|
Suspicious Regulatory License|MT4/5 White Label|Regional Brokers|High potential risk|

https://www.jyjtrade.com/

Website

Rating Index

MT4/5 Identification

MT4/5 Identification

White Label

2
Server Name
JYJTrader-Demo MT4
Server Location Japan

Contact

https://www.jyjtrade.com/
The WikiFX Score of this broker is reduced because of too many complaints!

Licenses

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

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

Open Now

Broker Information

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Company Name

JYJ TRADER LIMITED

Company Abbreviation

JYJ TRADER

Platform registered country and region

Australia

Company website

Pyramid scheme complaint

Expose

Check whenever you want

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Warning: Low score, please stay away! 2
Previous Detection : 2024-03-28
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The number of the complaints received by WikiFX have reached 4 for this broker in the past 3 months. Please be aware of the risk!

WikiFX Verification

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Pyramid scheme complaint
Expose
Scam

ZH internation & JYJ trading are the same company

I met this charming man on Instagram June of 2021, whom he called himself Leo Wang Chu, born on 1986 chinese descent living in Vancouver, Canada. We chatted briefly on Instagram and soon he added me to his Wechat soon he asked me to created a WhatsApp account. Most of the conversations took place on WhatsApp. Within a week he asked me to follow him in investment by trading XAUUSDx through ZH international brokerage that link into my newly created MT4 account. Each trade and transaction happened through MT 4 with his instructions. In the very short two and half months, I took a loan and I also emptied all my bank accounts, my retirement accounts, my business account, borrowed from friends and family and lastly I had to put my house on line or credit to pay back all my friends and family. During the short 2 and half months I had made over 10 wire transactions through my local bank and loss over $1,000,000.00 USD for investment. Each wire was to a different individual with a different bank account and it is only valid for one hour. Once I made money and wants to withdrawal, the platform and customer service wanted me to pay tax, insurance money, expeditated service fee, service fee, maintenance fee, therefore additional $60,000.00 USD was given to the platform. I had no money left and in a tremendous amount of debt. The trading platform was said to be in update and it also shown on MT4 trading platform that it was updated from ZH international to JYJ trading.

FX6222586562
2021-11-19 05:03
Unable to withdraw

JYJ Trader Limited encountered romance scam

I met a guy on Instagram in early October. He felt very knowledgeable in finance and polite. After getting to know,, he suggested that I should invest in international gold. He said that he did technical analysis and was able to take me to do transaction a few minutes before the small rise and fall of gold. After verification, it was found that this is a London-registered company. This trader can choose 100-400 times leveraged foreign exchange margin trading. And I also can find the information of JYJ Trader Limited in Canadian https://www.fintrac-canafe.gc.ca/ MSB. But this is not a foreign exchange trading license, and there is no credibility. And whois found this webpage, which is not the company's registration information. It was found that successive deposits of 35,000 US dollars, including RMB 36,000 and Euro 26,000. But then it suddenly dawned on me that the deposit account was a private account, not a segregated account with the name, nor a company account. I think it is a fraud platform. Later, I wanted to contact this person but couldn't find anyone. And the platform refuses to withdraw money for no reason. This website is still available, and customer service can also be contacted and still cheating on others. Please stay away and don't be deceived anymore. It has been reported that their website has been changed from www.jyjtrade.com to www.jyjtrade.live, and there are three email addresses: support@jyjtrade.liveJyjtrader@outlook.com jyjtrade@outlook.comwhatsApp +85264244338

Ydmxsqdds
2021-11-18 16:28
Unable to withdraw

JYJ Trader Limited

I met a guy on instagram in September 2021. He called himself Alvin Wang, born on February. 15, 2021 in Sichuang. He immigrated to Malaysia at ten and now lives in Kuala Lumpur. At the beginning, he was very polite and had financial knowledge. He said that he does technical analysis every day. Soon he asked to transfer to whatsapp to chat. A week later, he began to actively recommend me to invest in international gold and introduced JYJ Trader traders to me. Because I have no investment experience, I finally got rid of my guard in mid-October. I made the first deposit of AUD1,400 through bank transfer and after trying to make sure that I could withdraw funds successfully, I used USDT virtualized platform platform to deposit AUD30,000 for the second time in early November. Under his leadership, the profit accumulates quickly. In mid-November, he claimed that he wanted to improve my current situation and took the initiative to directly deposit USD70,000 into my account. After earning over 100000 profit, I wanted to withdraw and return the money to him. But JYJ customer service replied to me that because the profit exceeded USD10,000 and according to the Hong Kong tax law, I was required to actively pay 25% personal income tax. I could only withdraw the money after paying tax. When I asked the customer service about which regulations requires that, the customer service could not clearly indicate the regulation and asked me to check it by myself. So I reduced my profit to below USD10,000 and asked the customer service to withdraw the money again, but the customer service repeatedly evasive, and finally froze my account on the MT4 platform. Now I can’t log in and they are still cheating. I shared my own painful experience, so please be careful and not to be fooled again. Website: www.jyjtrade.live. customer service whatsApp: +85264244338

FX1129873812
2021-11-20 18:21

JYJ TRADER · Company Summary

General Information & Regulation

JYJ TRADER is an Australia-based forex broker, with the company behind it called JYJ Trader Limited. There is minimal information about this company, and no regulatory license details is provided. Therefore, JYJ TRADER is an unregulated broker that is unsafe to trade with.

Markets Instruments

JYJ TRADER offers traders a range of trading assets that include stocks, indices, commodities and currencies.

Minimum Deposit

The minimum initial deposit required by JYJ TRADER is relatively low, only $100. Although this may sound encouraging, given the fact that JYJ TRADER is not regulated, traders are not advised to register real trading accounts.

Leverage

The maximum trading leverage offered by JYJ TRADER is relatively high, up to 1:500. Since leverage can amplify gains as well as losses, inexperienced traders are not advised to use too high leverage.

Spreads & Commissions

In terms of spreads and commissions, JYJ TRADER advertises that it offers low spreads, as low as 0.0 pips, but does not specify its spreads on particular instruments.

Trading Platform Available

JYJ TRADER has chosen MetaTrader4 (MT4) as their trading platform. This is the most popular solution, which is preferred by many brokers. It is also admired by lots of traders, mainly for the outstanding charting capabilities and the add-ons which are available. At the MQL marketplace, a broker independent online store, you can test, loan and purchase newly developed technical indicators and automated trading robots (better known as Expert Advisors).

Deposit& Withdrawal

Deposits methods include credit, debit cards and e wallets such as Neteller. Withdrawals of all funds that are deposited by credit card are returned to the original credit card. Any profits are sent via wire transfer. Withdrawals can take up to 5 days to be received to bank account.

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FX1334516282
more than one year
I had a live account for a while. Spreads were fixed and average. 3 pips for the EUR/USD is not really competitive. In my personal trading experience, most brokers offered better spreads. Overall average broker.
2023-03-07 12:19
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