JP Finance review – 5 things you should know about

JP Finance review – 5 things you should know about

Rating: 1

Beware! JP Finance is an offshore broker! Your investment may be at risk.



Don’t put all your eggs in one basket. Open trading accounts with at least two brokers.


JP Finance applies a symmetrical approach to its design, giving most of the website a feel of elegance that is mostly encountered with the respectable forex brokers. Yet, we cannot ignore the noticeable lack of content and information when paralleled with those same firms. Scrolling through the web pages, it did not take too long to recognize that certain aspects were executed in a rush, or without care. Those of you who are new readers or just passing by, we will always uphold the importance of quality over visuals. The way a website of a broker looks is not crucial, yes it hold some importance, but it’s like the color you wish to fill the shapes with. The quality (shapes) is what is of crucial importance, because at the end of the day a potential client will look at a broker’s trading conditions and payment terms. Read on to find more on JP Finance.

The extremely simple registration process says a lot more about a broker that you might think. JP Finance has adapted a sign up procedure that is completed in a matter of seconds. Once this is over with, it turns out that the broker has not gone with the client dashboard approach, rather registered users are given a couple of extra tabs on the navigation bar, one for payments, one account options, and one for the trading platform.

Speaking of the trading platform, the one that JP Finance has chosen is one that we have previously tackled with on many occasions, and the memories are anything but fond. Here’s why: the EUR/USD spread was 3 pips on average, at times going to 3.1 pips. Considering that the maximum acceptable cost of trade is 1.5 pips, how can JP Finance expect users to attract users with such an unfavorable value? Maybe, they use different tactics, ones not recognized as legitimate…

The leverage was capped at 1:400 for all currency pairs, meaning that this is the highest it can get. Users can trade with the following instruments: Forex Pairs, Commodities, Indices, Cryptocurrencies, Real Estate (interesting addition), and Stocks.

The website’s usage is limited to English speakers only.


The whole forex broker hangs on its license. There is a reason why so many firms are racing to grab a license from respectable agencies. Once a regulation is achieved, only then can customers start flooding in. This is why we are surprised at JP Finance’s lack of regulatory info.

Without regulatory info, a broker is illicit; it’s as simple as that. However, it’s inexplicable that a shady firm, obviously chasing your money in unlawful ways, would not even try to include such info.

Yes, we are aware of JP Finance’s alleged Marshall Islands registration, but our point remains untouched- there is no concrete regulatory information.

The Marshall Islands do not have a financial regulator, which is why so many illegitimate brokers make camp there. The nations somewhat careless laws are perfect breeding ground for JP Finance lookalikes.

Thus we can safely say that JP Finance is NOT LICENSED, making it a risk to you investments.

Traders should be trading with risk-free brokers, that hold licensed from renowned and austere agencies, like the FCA  or CySec , which have made a name for themselves as some of the top regulators. Readers should be aware that both agencies have adapted very strict rules of conduct, and their licensing framework guarantees safety and security for all clientele. A good example of this is the segregation of accounts which assures that client money and broker money are kept in separate accounts. Furthermore, FCA/CySEC brokers participate in a financial reimbursement scheme that cover traders losses in case the broker becomes insolvent. The FCA provides up to 85 000 GBP per person, while CySEC guarantees up to 20 000 EUR.


JP Finance adapts a very shady looking trading platform. As we previously mentioned, this is definitely not the first time we stumble upon this nameless terminal.

As far as illicit broker platforms go, this one is decent (to a point), and only when compared to some of the atrocities we have seen in our career. There are some options to customize your charts, buy/sell positions, and price alerts. Staples like pending orders or automated trading bots is asking way too much out of this one.


Users can deposit via Elite Trading University, Visa, and MasterCard. Elite Trading University is a very strange addition, and is not at all a payment gateway. Elite Trading University is an online forex trading course provider… How it connects to JP Finance is a mystery. The minimum deposit is €50, as indicated by the card payment process.

Withdrawals are said to be processed within 5 to 7 days. The minimum acceptable withdrawal amount is €50, where as the T/C claim this minimum to be $100. Small, yet noticeable inconsistencies are the typical works of an unregulated broker.

The Terms and Conditions speak of bank withdrawals, credit and debit card options, as well as a number of alternative methods. Yet when we opened the withdrawal terminal, this is what we were given:

Now you tell us, does this look like a withdrawal section offering any of the aforementioned payment methods? We can assume that if we had deposited, maybe these payment options would be available… we can only hope for it.

The withdrawal fee of 0.5% has to be a minimum of $30. If the percentage is below that, then the user is automatically levied $30.

The inclusion of a dormant account fee is a very common thing. Here the $30 or 1% charge is levied if a user has not done any trading in the last 90 days, or calendar quarter. We assume that the same percentage principle as the one for the withdrawal fee is applicable here. If the 1% is less than $30, then the user is charged $30.

Here’s another one for you. Profits that are acquired by trading with a leverage or a bonus are subject to trading volume of 600 000 * initial bonus amount. 600k is an enormous, quite frankly unrealistic requirements, which makes the withdrawal of profits close to impossible.

Last but not least, the indemnification clause, common with most illicit brokers. This clause will be used against those users who wish to oppose the broker and sue it for basically stealing their money.

How does the scam work?

The most common type of scamming is in fact a very simple scheme that involves multiple level of commitment from both the victim and the fraudulent broker. In the following section we will dive into the individual elements that make up this scenario.

Users of the net will be lured or intrigued by the countless ads that float around the internet, mostly on popular websites such as social media hubs. These ads promise fast money, and are accompanied either by images of luxury or made up testimonials. Clicking on them redirects users to a so called robo-scam website such as Profit Revolution or Bitcoin Revival, where a simple registration process will require from you a telephone number and email address. We assure traders, that once these details have been shared, they will shortly get a call from the broker or brokers, on whose ad you just “stumbled”; this is when the game begins. The voice on the other end of the line will urge you to deposit in their broker some $250 (approximately), by reassuring you of the possibilities of profit, and the like.

Should you deposit, the initial scammer has just earned a hefty commission from this deposit. Now it’s time for the senior scammer to talk you into depositing more, by claiming that the only way to increase profits is to deposit more and larger sums. These second level frauds are great talkers, charismatic and influential, twisting their lies to sound like the absolute truth.

At some point or another, the trader will inevitably start suspecting something, and will want to withdrawal his/her funds. At this point, the con artists will delay the withdrawal process by persuading you to wait, or by referring to their legal documents that cover specific withdrawal clauses- excuses vary from broker to broker. This delaying process is crucial to them, for trader have a limited time to file for a chargeback with their respective bank. Once the chargeback time frame runs out, traders will have lost their money for ever.

What to do if scammed?

VISA and MasterCard users will be happy to know that have extended their charge back request period to 540 days for when online scams occur. In case a chargeback is unavailable for some reason, the next immediate route is to cancel your credit card ASAP.

Those of you who deposited using VISA and MasterCard will be glad to know that both companies have extended their chargeback time span to 540 days, especially if the reason for it is an online scam.

If any bank details have been shared, like banking pass or security code, traders should be aware that scammer will most certainly attempt to drain your account. In such a case, immediately block the account or change the password.

We also urge users to be very careful with the so called “recovery agents” that promise to recover lost money from unlicensed broker. They charge a fee for their alleged services, and will unquestionably not recover any previous deposit, basically scamming you a second time.

Top Forex Brokers

BrokerCountryRatingMin. DepositWebsite
USA5/5$250 Click for a special offerWebsite
US4.99/5$50 Click for a special offerWebsite
UK, Cyprus, Belize4.94/5$5 Click for a special offerWebsite
Australia, Cyprus4.93/5$100 Click for a special offerWebsite
UK, Australia4.85/5$50 Click for a special offerWebsite
Cyprus, SVG4.8/5$100 Click for a special offerWebsite


  1. Frauding Scamsters… never invest a penny with them
    Unfortunately, I cant give a rating lower than this. They are not just scamsters but fraudsters. Just so that you know a few points before you invest in them:
    – If you have a dispute you can raise a case against them only in Montegonomery. They are not governed by UK, or EU laws.
    – They have a specific modus operandi to swindle your money.
    – There are no experts. They are like road-side speculators like anybody else.
    – They talk about Warren Buffet and Amazon but have no clue of the way market would react to various levers happening. Instead of giving them money and getting cheated, it is better for us to try directly and lose money.
    – I have personal experience of losing 150000 USD with them. So happy to give advise to anybody on why you should not touch them with a barchpole.
    – Emily Rose, Gabriel Reed, Oliver Van Djik are all cheats. All have only one and one objective. How to get your money. They will force you to even show your bank account using a software called anydesk software.
    – The platform that they are showing are just screens connected to the real market feeds. So they dont invest anything but just display screens.
    – They are the only company where you need their permission to withdraw your money and the process is not online.
    – They will never ask you to deposit into a UK bank account. They will always ask you to deposit into a Lithuinia or a Polish Bank account.
    – They use Transferwise because with Banks they can be recalled. So they ensure that you lose your money.
    – I dont have more civilised words to talk about them.

  2. I have just been scammed by JP finance is there anyway i can get help or am I just left a victim

  3. Hi
    I have been scammed and they requested wire transfer, so no bank refund. I have discussed this with a private investigator but it is not something I can afford on my own after all my financial losses.
    We could get together to employ a private investigator to trace him and take further action.
    Let me know

    1. Jp finance are shit

  4. I have been scammed by JP Finance, is there any way to get money back, I don’t know how and from where they get our information. They just start calling me many times a day and very tempting to invest as they show yo many dreams but only to get you money. Is there any way to get money back.

  5. Am scammed by Jp finance and don’t know what to do please help.

  6. Mohamed M Choudhary

    They have scammed about £90,000.00 from me in
    All my savings and borrowing I did, any way to get
    The money back
    Thank you
    Mohamed Choudhary

    1. Did you buy BTC with them?
      I suspect they may have put your money into BTC.
      I have a wallet address they use.

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