Jericho: reviews of real customers of the company. How does it work and what does it offer?

Attention! Fraud company!

Leave a request for a refund from a scammer.

Collaboration with a broker about which almost nothing is known and which has a bad reputation is often a road to nowhere, and reviews about such an office Jericho confirm this. Users say that they fell for promising ads and ended up with nothing. To understand how the scam works, let's get to know it better in the review.

Facts Exposing Jericho Scams

The fact that Jericho is another sharaga, we understood right away. A hackneyed site design, navigation, promising statements and no specifics - this is all characteristic of sites that work using "kitchen" methods. We studied and checked all the information provided about the broker and realized that he is lying at every turn.

Jericho claims to have been in business since 2006 and has thousands of clients. The funny thing is that in one place it says that he provides services to residents of 173 countries.

And in the other - 196. The charlatans tried so hard to embellish their legend that they got confused in their own numbers.

If such a large number of traders use the site, why are there so few reviews about it and there is no official page in any of the popular social networks? We got the answer to the question using the Whois service. The jericho-fx.com domain was created in July of this year, so the “kitchen” has actually only been around for a few months.

Who created it, who works here - this important data is hidden from users, which cannot but be alarming. Registration is also unclear. The site does not have a certificate of incorporation, the number under which the office is registered, countries, cities. There is only the address at which it is allegedly located.

This is an offshore zone, but we cannot check it in the database due to the lack of any specifics. For example, the search engine of the offshore.su service called Jericho produces more than 4,000 results. There are many consonant organizations, which is what the swindlers took advantage of, trying to blur the eyes of traders.

Obviously, the address is also fake. No floor or other specifics are specified. The crooks limited themselves only to the name of the institution. According to Google Maps search results, this is not even a business center, but the investment bank International Business Services Ltd.

Moreover, this address is indicated by many scammers.

The crooks hide the phone number, so traders will not be able to contact them, let alone visit the main office. It remains only to write an e-mail and wait for them to deign to answer.

There are no scans of licenses and even mention of them on the site. “Kitchen” provides services, in particular, to residents of the CIS countries, so it must at least have permission from the Central Bank of Russia, but it is not in the database of the regulator. This fact alone should reduce the cooperation of Russians with the office to nothing, since it operates illegally. 

The footer of the site says that users are advised to familiarize themselves with the services and terms of use of the platform. 

The relevant section even provides a list of internal documents. But none of them open. The scammers posted them as a distraction in the hope that users would take their word for it and would not waste time familiarizing themselves with the provisions.

Trading conditions on the platform

Judging by the reviews, traders are led by Jericho offers, including:

• trading in currencies, indices, commodities, stocks through the UtipTrader platform;
• availability of an economic calendar, up-to-date online charts, news;
• execution of orders from 0.1 seconds;
• free database of technical indicators;
• spreads from 1 pip;
• leverage up to 1:1000.

Blurred trading conditions, lack of information about available accounts, overestimated leverage - all this once again indicates the broker's dishonest activities. He deliberately does not focus on important data for traders, so that the latter contact managers and provide them with the opportunity to impose services on an individual basis.

What do Jericho customers write in reviews?

We found out that there are very few reviews about this office, and all of them are purely negative. Users tell how scammers manage to turn their fraudulent schemes into reality. 

Exposing scammers

Judging by the reviews, the victims of these crooks are most often beginners in the field of trading. They easily succumb to psychological pressure and are led by the promised huge earnings, the opportunity to quickly learn how to trade, the help of a manager and individual conditions of cooperation. 

Scammers are looking for their potential clients on thematic forums, Telegram channels, social networks, or the latter themselves leave contacts to find out the details of trading that are not on the site. Then endless calls, messages begin - managers literally persuade you to make a deposit and start earning.

Those who deposit money, at first, do not even realize that they have become victims of a scam, as dodgers skillfully hide their true face. They draw charts, quotes, and traders really earn, but only in dreams. Everything that is shown on the screen is an imitation. 

The crooks drain all the money as soon as they realize that the user will no longer make additional investments or sends a withdrawal request. Also, many in the reviews talk about fabulous hidden fees and other payments, which they learn about after they make a deposit. 

Review Conclusions

Nothing good can be said about the false broker Jericho. This is another scam that works without licenses and other documentation. In fact, such a company simply does not exist, therefore, it is not worth cooperating with it, no matter what they promise you.