General information about brokerage JETbitX
JETbitX broker claims to know what a trader needs to trade and promise to support you at every step. It is in their interest that you trade confidently and succeed in the world markets. But in fact, the broker is not who he pretends to be. Let’s take a closer look at the activities of today’s hero.
JEjetbitx.com brokerage is engaged in providing access to forex currency trading, services on stock and commodity exchanges. JETbitX is a mystical broker that does not disclose any information about itself. The hero of our review claims to own a license with the number 11586639, which is unknown by whom it was issued, where and when. During a small investigation, it turned out that the broker does not have a license and the regulation number indicated by him is a fake. In this review, we will discuss in detail the fraudulent schemes of this company and whether it is worth investing in them.
At first glance, the broker’s official website practically does not differ from other websites of financial companies. The standard structure of the site contains a tab with a brief description of the company, which indicates how it was created, in what year, goals and objectives. There are also tabs with a description of the trading platform, types of trading accounts and a tab with legal information of the company. Imagine our surprise when we found out that the license number indicated by the broker was actually fictitious and it does not exist. The creators of the project hoped that no one would check the registration number and it was enough just to indicate its number and the potential client would get into its networks. The broker did not take into account that there will be those who will conduct a small investigation and reveal their vile lies.
Lying is an obvious sign of fraud. Illegal brokers are not regulated by anyone, which means that your finances are not insured, and scammers will do everything in their power to rob you without fear that they will be punished for it. Scammers are perfectly trained to manipulate their customers. They have such a cheeky language that it will not be difficult for anyone to convince even the most skeptical client to invest. Scammers are quite dangerous, and it is very difficult to get rid of them.
The broker is completely anonymous – he did not provide the address of his company and the full legal name of the company. Genuine brokers provide access to a full set of legal documentation. The presence of such information does not guarantee that it is not false or misleading. But the absence of these elements strongly indicates that, in all likelihood, you are dealing with scammers.
JETbitX Platform and Trading Tools
JETbitX has a web-based trading platform that is completely non-functional and uncompetitive. This software includes a regular web trader, which is functionally limited compared to the performance of all the leading Forex platforms.
The broker offers three types of trading accounts with an uncomplicated name: PRO, PRO+ and BUSINES. The initial deposit is quite high, but it is standard as with most brokers, in particular unregulated ones. Many legitimate brokers ask for no more than $100. The low cost when opening an account means that the broker is content with the fact that the client has already chosen him and decided to try out his service, regardless of how much he invested. Some legitimate brokers offer their clients to open a free demo account with very favorable conditions. In this case, by requesting a high deposit, we assume that the company is actually more interested in getting as much of the client’s funds as possible.
Leverage for accounts in the range of 1:200-1:500. Such values are used only by unregulated scammers, since high leverage is prohibited in most countries. All leading regulators limit leverage to 1:30. Starting bonuses are also strictly prohibited, but they are also used by our hero. All these violations prove the fraudulent activity of JETbitX.
How do online scammers work?
The most common scheme of deception in online trading is the initial display of profitable trades, which will inspire the investor with a false sense of confidence in getting easy money. A charmed investor who is manipulated by a broker will invest more and more money in order to make a big profit. As soon as the brokerage company considers that they have extracted all available funds from the investor, they will block the client’s account and he will no longer be able to access his funds.
Conclusion
JETbitX is a clear example of a fraudulent brokerage scheme, the purpose of which is to convince its victims that they are a legitimate broker, and that they can and should invest in them. Therefore, we advise you to be careful when choosing a brokerage company and always carefully study the broker before investing, check the registers and do not miss the Terms and Conditions.