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JNY Markets

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Operating status: SCAM

Website: https://www.jnymarkets.com/en/

Broker violations and abnormal records
  • 2024-01-21 BrokersView has reviewed that JNY Markets is an unregulated trading platform

    JNY Markets purports to be based in Seychelles and regulated by the Financial Services Authority of Seychelles (FSA Seychelles) under the registration number SD043.

    Nonetheless, our investigation into the FSA Seychelles register contradicts these claims, as we found no entries corresponding to this company. This discrepancy raises questions about the legitimacy of JNY Markets.

    In essence, JNY Markets is not regulated by any governing body. Entrusting it with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds.

    JNY Markets appears to be a scam.

    JNY Markets purports to be based in Seychelles and regulated by the Financial Services Authority of Seychelles (FSA Seychelles) under the registration number SD043.Nonetheless, our investigation into the FSA Seychelles register contradicts these claims, as we found no entries corresponding to this company. This discrepancy raises questions about the legitimacy of JNY Markets.In essence, JNY Markets is not regulated by any governing body. Entrusting it with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds.JNY Markets appears to be a scam.

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Q&A

Is it safe to trade on JNY Markets?

Daniel Davis
Seychelles
2024-01-29
ANSWER To determine whether a trading platform is reliable, the first and foremost thing to do is to check its regulatory status. JNY Markets claims to be regulated by the Seychelles Financial Services Authority (Seychelles FSA) under license number SD043, however, there is no record matching the license number or the company on the regulator's official website.JNY Markets provides false authorization information, lacking security and reliability. It is recommended that you stay away from this platform and opt for those subject to stringent oversight.
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