JekTrade Review – Avoid jektrade.com Scam At All Cost!

What is JekTrade?

Jektrade, established in 2023, is an investment platform aimed at attracting private online investments with high returns. The company emphasizes that it operates under the guidance of experienced financial experts and professional traders. Its clientele primarily consists of financial institutions, individuals, and corporate funds. Jektrade prides itself on delivering top-notch service to its users and asserts that it offers a profitable source of income for investors.

Is JekTrade Legit or Scam?

The project’s website merely displays the address of an office located at 34 Seven Sisters Road, London, UNITED KINGDOM, N7 6AA, which raises suspicions of its authenticity.

A significant concern arises from the fact that the company lacks any operating license in any jurisdiction, despite its assertion of having an extensive global client network. The absence of regulation and oversight implies that there are no guarantees regarding the company’s adherence to financial regulations or standards. Additionally, the individuals behind the project, who are likely involved in fraudulent activities, fail to provide any information regarding ownership or management, which is a common warning sign associated with scam projects.

Choose only trustworthy and reliable brokers. You can read about the best ones in our article Best online brokers in 2023.

JekTrade: Account Types

The project provides investment opportunities starting from a minimum deposit of $250. It is quite remarkable that the company has managed to build a substantial client base and generate significant profits within such a short span since its establishment in 2023. JEKTRADE makes unrealistic claims to its clients, guaranteeing risk-free profits, which is an impossibility in the investment world. Additionally, the company boasts about having many years of experience, despite the fact that the domain registration for their website occurred just two months ago.

JekTrade is not the only platform accused of scamming users. It’s important to remember infamous scams like FXMinin, Exteom, WiiCrypto and others, to better protect oneself in the digital trading space.

What Warnings Are Issued by the Financial Authorities for JekTrade?

The company has been flagged by the Financial Conduct Authority (FCA) regulator for operating unlawfully. It is highly recommended to avoid any involvement with this deceptive broker. By conducting business without a license from the regulatory authority and disseminating false information on their website, the firm effectively swindles funds from unsuspecting users, particularly targeting inexperienced individuals who are new to the field.

There are a lot of inconsistencies in the history of the company and what is listed on the website. For example, we can find the company number and “launch date,” but this information is not true.

At the very least, when we checked with the FCA, no license number was found. And above we have already talked about the warning from the regulator.

Scam Scheme Alert

Some inconsistencies and suspicious moments can be detected. Below we will take a closer look at the data in order to analyze the credibility of JekTrade’s claims.

1. JekTrade’s domain registration occurred recently, which raises concerns about the company’s stability and reliability.
2. The absence of provided licenses, regulatory documents, or registration certificates by JekTrade casts doubts on their legitimacy.
3. The website of JekTrade lacks transparency in trading conditions, such as spread sizes and commissions, as there is no spread sheet available.
4. Numerous clients have reported negative feedback about JekTrade, citing issues with withdrawals and suspicions of result manipulation, indicating potential fraudulent activities.
5. The broker entices clients with promises of high returns and effortless earnings, which may indicate an unreliable nature of the company.
6. JekTrade employs intrusive tactics, making unsolicited calls and sending messages, pressuring clients and coercing them into investing money.
7. The company’s lack of financial result information raises suspicions of secrecy and lack of transparency, which can be indicative of fraudulent intentions.
8. Demanding upfront payment for services is often a red flag for unreliability and fraud. Trustworthy companies typically render services before receiving payment.

It is essential to remain cautious and skeptical when approached by individuals or websites with such suspicious activities. Always verify the legitimacy of any platform or service before making any financial transactions or sharing personal information.

What Should I Do If I Become a Victim of JekTrade?

We comprehend the distress and anxiety you may be feeling. Becoming a victim of scams can result in substantial financial repercussions. It is of utmost importance to act swiftly in order to prevent the fraudster from benefiting at your expense and to initiate the process of recovering your misappropriated funds. We highly recommend that you contact us without delay to receive effective assistance.

Our team of specialized legal experts is fully prepared and accessible to aid individuals in circumstances similar to yours. You can reach out to us at any time, and we will utilize our available resources to attentively listen to your concerns and offer expert guidance.