Jalin Finance review – 5 things you should know about jalin-fx.com

Jalin Finance review – 5 things you should know about jalin-fx.com

Rating: 1

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

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Jalin Finance is yet another probably Made in China broker, which is supposedly targeting mostly Asian clients. The default language is Chinese and most of the information they provide in English would be pretty incomprehensible for most Westerners. It’s a broker you should avoid and we’ll explain why in the full Jalin Finance review.

Jalin Finance REGULATION AND SAFETY OF FUNDS

Jalin Finance claims to be regulated in various jurisdictions worldwide including New Zealand, Australia, New Zealand, Germany and Netherlands, to name a few. At the same time, they fail to provide license numbers and even refuse to disclose their actual address. Nevertheless, we researched but found no licensed companies in any way associated with this broker, so it’s unregulated and a scam because of the fraudulent claims. Your funds will be in danger if you deposit with Jalin Finance.

However, there is a company named Jalin Finance registered in the UK, but it has no British license either. In fact, it’s an IBC that’s administered by seemingly a formation agent appointed by more than 2000 companies and a Chinese resident. The JALIN FINANCE SERVICE LIMITED’s registered address is Unit G25 Waterfront Studios, 1 Dock Road, London, United Kingdom, E16 1AH, which is indeed associated with some formidable criminals. Business Choice Partners Group Limited and Knight Service Group Limited are also legally registered there and run KSG Markets and BCP, both of which being repulsive scams. Well, we present circumstantial evidence only, but you’d better be aware of this information.

That said, we can offer the high-rated EU brokers and British brokers, which are regulated, trustworthy and most importantly, covered by deposit insurance funds. For example, if you trade with a CySEC broker, you can claim up to 20 000 EUR in compensation, while the British protections are of even up to 85 000 GBP per person. Make sure to stay away from unregulated companies, and it’s worth considering money protection when choosing a broker to trade with.

Jalin Finance TRADING SOFTWARE

Now, we’ll analyze Jalin Finance’s trading software and chiefly the spreads and leverage levels provided. Both are critical elements and generally reveal whether a broker is worthy or not. Spreads form part of the trading costs, while leverage carries high risks and can cause severe losses if traders are not careful enough. In fact, many authorities regulate it to restrict its usage and EU, British and Australian brokers have to limit clients to 1:30 for FX majors. In contrast, Canadian brokers and US brokers can’t provide more than 1:50. Most high-leverage FX companies are unregulated, so you need to be cautious.

Well, Jalin Finance claims to deliver MetaTrader4, but that’s falsehood and more evidence of a scam. There are two different platforms you can download, but none of those is functional. So, we can’t discuss real-time spreads and leverage levels. Nevertheless, the broker claims to offer a leverage of 1:888, a ratio that’s not allowed in the EU, which further proves the broker has no BaFin and AMF licenses.

As Jalin Finance is a scam, you’d better consider MetaTrader4 brokers and MetaTrader5 brokers which are delivering the best trading software. The MT platforms feature advanced tools such as Expert Advisors, complex indicators, and first-class charting tools. MetaTrader also comes with a Marketplace where traders can find more than 10 000 apps and third-party developed solutions.

Jalin Finance DEPOSIT/WITHDRAW METHODS AND FEES

The minimum deposit with Jalin Finance is $5 if you deposit directly via USDT, a cryptocurrency pegged to the US dollar at a 1:1 conversion rate. We need to note that direct crypto payments are not safe enough because the transactions are anonymous, final and it’s impossible to get a refund.

Speaking of funding, check some Skrill brokers, Neteller brokers, FasaPay brokers, Sofort brokers, and Bitcoin brokers if you have trusted payment systems. The companies topping the lists are adequately regulated, and you won’t face scammers if you choose among the high-rated ones.

Next, we got on to more evidence of a scam. The broker doesn’t have a single page of legal documentation, which makes their business illicit. Clients can’t form a legal relationship with brokers unless they submit signed copies of legal documents such as T&Cs, User Agreement or Client Agreement, Privacy Policy and so on. The absence also leaves us unaware of critical provisions about withdrawals, fees, inactivity, bonuses and so on.

Overall, Jalin Finance is a scam scheme we exposed in this article, so make sure to stay away from this fraudulent business.

HOW DOES THE SCAM WORK

Today, the Internet is plagued by scammers and their deceitful deals. It all starts when you click on an appealing fraudulent offer and provide your e-mail and contact numbers. Scammers, as seasoned manipulators, would ring you at once, insisting that you should start investing as soon as possible. During the phone call, you’d be presented with bonuses, promotions, risk-free offers, Bitcoin opportunities, and anything else you could possibly imagine. Scammers would claim to work with reputable firms, banks, governments, and so on, trying to make their business appear legit. Those thieves lie big time and would promise you anything to gain your confidence and get a deposit from you.

However, the first deposit is just the beginning. Day by day, scammers would carry on asking for funds. If you lost, they’d persuade you to put more money and recover the losses. If you are profitable, you’d be asked to put more money and increase the gains. The headaches start as soon as you ask to take your money back. The scammers would do whatever it takes to discourage you and would even urge you to deposit again if you want to withdraw. The scammers’ mantra is “give me your money”, they’d push you to transfer more money over and over again for no obvious reason. Urgency is a treacherous sign, so if someone forces you to invest ASAP, that’s a scam.

WHAT TO DO WHEN SCAMMED

Unfortunately, no one is safe from scams. If you get defrauded, the first thing you need to do is to protect yourself from further risk. Deactivate your card immediately, contact your bank and ask for advice.

Report what happened to you, file a complaint, contact the financial regulator, contact other government institutions related to trading and investing, call the police if you feel necessary. Seek help actively!

Remember, it’s crucial not to rush blindly trying to recover your funds because fraudulent fund recovery agencies are trying to double scam the victims. They ask for upfront payment, take the money but won’t do anything to help you!

Last but not least, share online your experience; it’s important to inform the public about scams. Be responsible!

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17 Comments

  1. I am also scammed by jalin finance.I tried to withdrawal fund from the jalin finance but every time it is rejected.Please guide how to withdrawal fund from there .

  2. I have recently invested with jalin finance through a my unknown person. And i trade on MT4 trader and earn profit on trading on Gold but not tried to withdraw fund yet,

    1. Me also suffered kindly give your details please

      1. Same case happen with me I received whatsapp massage from this no +44 7404 504328 it’s big scam

  3. I Have been contact with a person in Singapore through whatsapp. Don’t know how they got my number. That person works at jalin and encourage me to invest in gold.. please suggest

    1. what is the contact number of singapore person that you got msg

    2. Big scam. I have been cheated by simillar no ±44 7796645383 and contact person a lady Name nancy belongs to Singapore. Please withdraw your money immidietly.

  4. Do Not invest with theses guys. I have lost all my investments and they told me it was a system glitch, cant do anything about it.

  5. +44 7404 504328 I received same whatsapp massage from this no… it’s big scam

  6. I received same WhatsApp msg from unknown number (+852). Don’t know how they got my number. That person works at JALIN and encourage me to invest in XAUUSD. And I trade on MT4 trader but I can’t log in to the account page (http://www.jalin123.com/) since 2021 October 29th . I tried to call (+4407419525869) but there is no connection. Maybe the number is fake. Please guide how to withdrawal fund from there. For the investigation of this case, do I have to report to Hongkong police or UK police? Please advise.

    1. Hi name Ana Lee ?

      1. I have been contacted by Anna Fan from +44 7448 876074 and cheated.
        Luckily I was able to withdraw my balance amount after loss.
        Don’t go with it to loose your money. initially I gained high but later on I lost and understood the way they are operating.
        Friends, please be careful

    2. By which way you transferred your money.please share.

  7. everyone please share your stories and the numbers by which you guys have been scameed so that others can be saved.
    i myself lost quite a huge ammount.

  8. I never thought withdrawing my own money will be so hard. It seems like i am not the only one having such terrible experience with this company.

  9. these are frauds and have this bogus software it is nothing all of us havenot traded
    but just transfered the money to this motherfuckker. or these motherfuckers.
    share the bitcoin wallet address to which you have sent the money

  10. don’t put your money in blind well…this is fraud Company.
    i was recharge 5000usd in Oct 2021.after that Company provided link not working and RM not respond…

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