Jpm-invest.com Review Is JPM Invest A Legit Forex Broker

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Jpm-invest.com Review: Is JPM Invest A Legit Forex Broker?

JPM Invest Review: this is the name of a forex broker that claims to offer CFDs and is located in the Marshall Islands. Is jpm-invest.com a scam Forex broker?

On the page we find that the broker website is owned by MCF Media Solutions Ltd, that is located at:

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Mladost 1750 BLV. 3b, Sofia, Bulgaria.

The brokerage claims to offer a large assortment of trading products to clients. It also claims that the team running the company have over 20 years combined experience with technology and trading. A demo account is offered to traders to test their claims. This demo account does not work.

It is common for Forex brokers to start out with claims of making clients richer. This is because everyone seeking out easier ways to trade effectively does so to make more profit.

However, traders need to be careful about believing everything they encounter in the business sphere. Some are geared to just deceive and steal their funds. Considering what is offered and proofs are effective means of discovering fraud as well as reading our reviews and comparing the offers to those of other legit brokers at the bottom of this article.

A summary of the benefits of trading with the broker are as follows:

MetaTrader 4
Superior support
Low Cost
No Conflict

JPM Invest Trading Platform

It is mentioned that JPM Invest trading software is operated on a MetaTrader 4 platform available to all their clients.

Legit brokers are known to offer at least the popular MetaTrader 4 or 5 trading platform.

This platform is a very good sign along with MT5, as they have become some of the most widely used by experienced traders. They are found to be compatible with various devices’ operating system. All can be used on desktops, Linus, windows, iOS and Android.

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Tools that comes with these trading platforms are also found to be useful for traders. It has proven to be user friendly as well and helps traders in analyzing the market easily.

Trading instruments offered to traders are: 70+ forex trading pairs, shares, cryptocurrency, and CFDs. We know that legit brokers offer currency pairs, indices, CFDs on many commodities and cryptocurrencies. It is important to let traders know the options open to them.

Maximum leverages can reach up to 1: 500 and while this is generous, it can pose danger as well. High leverages can lead to huge loss of funds as well. Spreads are said to start from as low as 0.1 pips.

Spreads of 1.5 pips or below are what is obtainable in the forex industry and traders are asked to look out for this. Leverages of between 1:30, 1:50 and 1:25 are also common among regulated brokers.

Deposit and Withdrawal methods on JPM Invest

The means of making payments and withdrawals with this broker are: Visa, MasterCard, Maestro and Dinners. We do not find it encouraging that e-wallets are not in use.

This is because standard and legit brokers make deposit and withdrawals available via Visa, MasterCard and Wire Transfer. Many offer e-wallets like: Skrill, Neteller, UnionPay, FasaPay, and so on.

Minimum deposit required is placed at $100 which is within the obtainable average of $100 – $250 among brokers. Withdrawal charges are $35 and an inactivity fee of $50 is deducted per month if the account is not traded with for 90 days.

Trading bonuses are also offered and we have found that this is a means brokers use in tying down clients. Like the JPM Invest, traders must trade every bonus dollar 10,000 times to be able to make withdrawals.

This information is important so that clients can invest any little amount they can spare. In order to be able to first watch the working of the brokerage. If then they are satisfied with what they see, they can determine when to withdraw their money.

Is JPM Invest Licensed?

No. JPM Invest is not a duly licensed Forex broker. It is located in an offshore location where Forex trades are not regulated. We have warned traders countless times to avoid unlicensed brokers.

Offshore locations are notorious because scam brokers choose to be based and operate from there. It is the same with this broker and they are not under any regulatory commission.

Support

To reach the broker or a customer care agent, call: +442896205137 or +74993505603 or email: [email protected]

Conclusion

Since we know that JPM Invest is not a licensed broker, we are discouraged from considering it a wise option. It gives good leverages, spreads and minimum requirement but the withdrawal charges are high. Its trading bonuses are also red flags.

COMPARE WITH A TRUSTED BROKER

Fortrade

Fortrade is a UK-based broker with address at Michelin House, 81 Fulham Road London, SW3 6RD, United Kingdom. They are among the best brokers in the industry offering trades in numerous assets including stocks, commodities, currencies, indices and cryptocurrencies. Fortrade is regulated and licensed by the FCA(Financial Conduct Authority) in the UK well as ASIC in Australia which makes client funds safe. They accept traders worldwide.. visit their official website

JPMInvest review – Is jpm-invest.com scam or good forex broker?

JPM Invest presents itself as a forex and CFD broker offering STP trade execution with three account types, leverage as high as 1:500 and the MetaTrader4 platform.

Account type Min. deposit Max. leverage Spread s
Standard Account $100 1:100 2,4 pips
Gold Account $1000 1:200 n/a
Pro Account $10 000 1:500 n/a

As good as all of this may sound, you should beware that JPM Invest is not a regulated broker, so trading with them could prove quite risky. Be sure to read this review before investing any funds with them.

JPM Invest Advantages:

Supposedly fine selection of trading instruments

We were not able to open a demo account and verify the JPM Invest offer and yet we will credit them with the selection of trading instruments they claim to offer – some 70 currency pairs many of which minor or exotic like USDHKD, USDPLN, USDTRY, USDDKK, USDNOK, USDSEK, USDZAR and USDMXN, as well as CFDs on silver, gold, oil, natural gas, soft commodities, 9 indices, 20 shares and a number of crypto coins like Bitcoin, Ripple, Dashcoin, Ethereum, Monero, EOS, Litecoin, Emercoin, IOTA, MBT, Namecoin, OmiseGo, PeerCoin and UST.

Besides, if you like the idea of trading crypto assets here you may check our list of brokers trading with bitcoin CFDs as well:

JPM Invest says to be owned and operated by MCF Invest Group Ltd. – an offshore company based on the Marshall Islands, but that all payments are processed by MCF Media Solutions Ltd, a company based in Bulgaria. Here we should note that JPM Invest Terms and Conditions are signed by MCF Media Solutions Ltd, the Bulgarian company, so we are not quite sure which of the two companies is the legal owner of the broker.

In any case neither the MCF Media Solutions Ltd nor the Marshall Islands based company are licensed and authorized by an official regulator like the Bulgarian Financial Supervision Commission (FSC) or let say the Financial Conduct Authority in the UK or the Cyprus Securities and Exchange Commission (CySEC). So basically JPM Invest does not have legal right to provide any services on regulated markets like the EU.

And besides, with a FCA regulated brokers your funds will even be insured for up to 85 000 GBP. So here you may also check our list of brokers, licensed by the British regulator:

Beware of trading bonuses

JPM Invest may offer you trading bonuses, but we do not consider that as an advantage. The problem here is that according to JPM Invest Terms and Conditions you will not be able to withdraw a single dollar from your account, even your initial deposit, until you fulfill a certain minimum trade volume requirement – each bonus dollar have to be traded 10 000 times. See for yourself:

Besides the practice of offering trading bonuses is highly controversial and has been banned on many regulated markets as for example the European Union, precisely because scammers use trading bonuses as a pretext to cancel your withdraw requests.

JPM Invest reserves the right to charge you various fees on their sole discretion

In their Terms and Conditions JPM Invest says they may “introduce additional fees and charges, and may change any existing fees and charges, at any time”. See for yourself:

On top of that they charge a withdraw fee of 35 USD and a 50 USD monthly inactivity fee if you have not traded for 90 days,. This is not a usual practice. Legit brokers may charge you an inactivity fee only if you have not traded for at least a year.

No demo account

As we noted, we were not able to open a demo account with JPM Invest so we can not comment on their spreads. Just keep in mind that spreads in general are considered attractive with a standard account, if they start below 1,5 pips. Here you may check our list of brokers, offering tighter spreads:

JPM Invest is not a regulated broker and that makes any dealings with them extremely risky. On top of that we came across some rather disturbing conditions and unusual fees in their Client Agreement, and that is yet another reason why we would suggest that you avoid trading with unregulated, offshore brokers altogether.

Broker Advantages

FXTM a regulated forex broker (regulated by CySEC, FCA and FSC), offering ECN trading on MT4 an MT5 platforms. Traders can start trading with as little as $10 and take advantage of tight fixed and variable spreads, flexible leverage and swap-free accounts.

XM is broker with great bonuses and promotions. Currently we are loving its $30 no deposit bonus and deposit bonus up to $5000. Add to this the fact that it’s EU-regulated and there’s nothing more you can ask for.

FXCM is one of the biggest forex brokers in the world, licensed and regulated on four continents. FXCM wins our admirations with its over 200,000 active live accounts and daily trading volumes of over $10 billion.

FxPro is a broker we are particularly keen on: it’s regulated in the UK, offers Metatrader 4 (MT4) and cTrader – where the spreads start at 0 pips, Level II Pricing and Full Market Depth. And the best part? With FxPro you get negative balance protection.

FBS is a broker with cool marketing and promotions. It runs an loyalty program, offers a $100 no-deposit bonus for all new clients outside EU willing to try out its services, and an FBS MasterCard is also available for faster deposits and withdrawals.

FxChoice is a IFSC regulated forex broker, serving clients from all over the world. It offers premium trading conditions, including high leverage, low spreads and no hedging, scalping and FIFO restrictions.

HotForex is a EU Regulated broker, offering wide variety of trading accounts, including Auto, Social and Zero spread accounts. The minimum intial deposit for a Micro account is only $50 and is combined with 1000:1 leverage – one of the highest in the industry.

Jpm-invest.com Review: Is JPM Invest A Legit Forex Broker?

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