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What distinguishes a reliable broker from a scammer is a well-executed website, a license and other legal documents, detailed trading conditions, and positive reviews. Does JMD Broker have all this, or is it another scam project before us? Let's find out!
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Basic information about JMD Broker
The first thing that users pay attention to is the official website of the financial intermediary. It is immediately clear that the hero of our review did not invest either time or money in his site. It is right: why spend money on a project that will soon collect a pool of negative reviews and cease to exist?
The site looks cheap, and this is not only our opinion: a special service rated it at 19 rubles. Cheaper than a cup of coffee...
Like other scammers, JMD Broker feeds users stories about an innovative platform, transparent trading conditions and professional specialists. A whole section is devoted to the mission of the company, but there is not a single word about its founders or the date of commencement of work. We ourselves found out that the scam appeared a little over a month ago. Investors simply did not have time to use the services of the hero of our review, otherwise the entire Internet would be full of revealing reviews.
Regarding registration, JMD Broker specifies UK. The contact section has an address, email and phone number. The scammers call themselves Just Mortgages Direct Limited.
Since all information about legal entities registered in the UK can be found in the Companies House database, we went there. The audit showed that there is an organization with that name in the registry, but it has nothing to do with JMD Broker. Firstly, the date of its registration is 08/09/1989, and the hero of our review started working less than two months ago. Secondly, real estate transactions are indicated as the type of activity, which in no way relate to financial intermediation. The scammers decided that everything ingenious is simple, so they found a company whose first letters of the name add up to the abbreviation JMD, and appropriated its data.
In addition, we found Just Mortgages Direct Limited on the Web and found out that this organization is really only engaged in real estate and does not have any subsidiaries.
Even if the hero of our review had something in common with Just Mortgages Direct Limited, you need to remember that the broker is a separate legal entity, which means that it must also be registered. There is no mention of this “kitchen” in Companies House.
Often in reviews, deceived users write that it is impossible to get through to pseudo-brokers. In the case of JMD Broker, any appeals are meaningless: it turned out that even e-mail does not exist.
There is no “Cooperation Agreement” or “Privacy Policy” on the site. When registering on the platform, be prepared for the fact that during the trial, scammers will provide a “left” document and say that you agreed with its terms.
Who guarantees the honesty of JMD Broker?
We always emphasize that the license is the most important document that guarantees security when working with a broker. The hero of our review claims that permission was issued to him by the UK Financial Conduct Authority, and even gives a link to it. The link leads to an entry about Just Mortgages Direct Limited. In addition, the British regulator sets rules regarding leverage: it should not exceed 1:30. Scammers promise up to 1:1000, which means that the FCA clearly could not give them permission. Scammers without a twinge of conscience hide behind the license of another company in the hope of the naivety of traders.
The “kitchen” does not have an FCA license. Nothing strange: judging by the reviews, the supervisory authority takes a strict approach to issuing documents, so the bred have nothing to hope for.
Despite the fact that there are no reviews about the scam yet, we are sure that he is going to breed investors from Russia. This is evidenced by the Russian localization of the site. According to Law No. 460-FZ, in our country, no financial intermediary has the right to work without the permission of the Central Bank of the Russian Federation and entry into the corresponding self-regulatory organization. The scammers did not give a damn about the requirement of the law, since they do not smell of any license from the Central Bank. We are sure that scammers will soon be blacklisted by the domestic regulator.
What are the conditions for cooperation with JMD Broker?
The fake office promises to make money on currency pairs, commodities, precious metals, stocks, cryptocurrencies and indices. Among their advantages, scammers are called:
- leverage from 1:100 to 1:1000 (not only is such a ratio many times higher than the established FCA, it also indicates the absence of real trading);
- low entry threshold - $50;
- the ability to open a PAMM account (judging by the reviews, scammers often use such accounts to drain deposits);
- assistance of a personal manager;
- promotions and contests;
- a demo account that will help you familiarize yourself with the features of the platform.
There are 4 types of trading accounts:
Scammers proudly claim that customer funds are safe. In a separate section, they provide methods for their protection, however, apart from general phrases, there is nothing in it. What kind of personal data protection can we talk about if there is not even a “Privacy Policy” on the site? Too many questions with no answers.
What do they write in the reviews?
JMD Broker is a new “kitchen”, so users have not yet left reviews about it. We will keep our finger on the pulse, and as soon as traders start talking about cooperation with this office, we will immediately add comments to the material. If you have something to tell about the breeders, feel free to leave your feedback!
divorce scheme
We have already said above that there is no real trading on the platform. Scammers immediately send money to their pockets, and investors are simply shown beautiful numbers in their personal account. When a client wants to withdraw capital, scammers begin to demand payment of commissions. Sometimes they call their victim, pretend to be tax officials and scare them with fines if she does not pay taxes. The amounts are taken from the ceiling, but frightened traders do not want problems with the law and pay them. When the scammers realize that the user does not have a penny left, they will be accused of violating the rules of trade, block the account and stop answering calls.
Our verdict
JMD Broker is a typical scam project that will soon drown under a flurry of negative reviews. If you do not want to give your money to scammers, bypass it!
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