Overview of JP Markets
JP Markets, a forex broker located in South Africa, is one of those trading platforms that has grown rapidly by offering traders unlimited access to trading services and bonuses. However, after having increased its trading client base rapidly the company has tarnished its reputation almost overnight for dormant complaints, serious operational deficiencies, and title issues.
Website: https://www.jpmarkets.co.za/
Website Availability: Yes
Address: No.4 Century Falls Road, Century City, Cape Town, 7441
Warning Notices: Not recommended by the review website like Lycan Retrieve
Domain Blacklisted Status: It seems there is no direct mention of this domain being on a blacklist.
Withdrawal Issues and Client Complaints
More and more clients are reporting possible problems in attempting to withdraw their money back to themselves. For example, traders report even after checking all documentation required (bank statement, customer identification verification, even affidavits), they are still not being permitted to deposit or are subject to endless delays. It has also been reported that some traders attempted to withdraw money and agreed to withdraw their money, but then had their account locked.
Regulatory Concerns and Transparency
JP Markets has been under investigation and now registration by the Financial Sector Conduct Authority (FSCA) in South Africa, and been tagged for being involved in law proceedings for misconduct and unfilled financial obligations. Traders are now concerned that they may never see their deposits again based on the delicate legal proceedings surrounding the broker.
Final Assessment
Given the persistent complaints against JP Markets, lack of transparency, and suspect compliance history, the broker is considered a high risk trading, and traders should avoid it in place of a properly regulated broker.
FAQs
Q1: Is JP Markets regulated?
JP Markets was regulated and licensed by the FSCA until April 2023 but fell into legal problems and suspension due to regulatory violations.
Q2: Am I able to withdraw my money from JP Markets?
Many users complained about failed or delayed withdrawal requests, even after completing all necessary verification process.
Q3: Can I trust JP Markets as a broker?
Due to the continuing issues, and legal disputes, JP Markets does not qualify as a trusted trading platform.
Take Informed Action
If you are a victim of JP Markets or another broker scam, then take action. Contact us for a free consultation to find out more about your options and start the recovery process.
Remember, at Lycan Retrieve, we build trust, recover losses, and deliver results. Allow us to assist you in receiving your money back.
Contact us right now to safeguard your future and take back financial control.
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