JB Global Trading Review Is Jbglobaltrading.com Legit

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JB Global Trading – Is It Safe or a Scam?

Stop! It’s a Scam! Your money is not safe if you are trading with this unregulated, off-shore broker.

JB Global Trading – DO NOT TRADE WITH THIS PROVIDER

JB Global Trading is a well-established Forex and CFD broker operating offshores.

With Marshall Islands as its address, our immediate response is to chuck this in the “do not do business with” bin. However, for the sake of a well-grounded review, we’re going to explore some of its advantages and disadvantages.

Is JB Global Trading a scam? In this review, we’re weighing in on the matter.

Surprisingly, there are quite a number of advantages to using this such as the advanced trading platform that it uses and the well-designed interface on its website.

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Plus500 is a FTSE 250 listed brokerage providing online trading services in CFDs, across 2,000+ securities and multiple asset classes.

Founded: 2002

Regulations: Not Regulated

Languages: English

Deposit Methods: Bank Wire, NasPay

Minimum Deposit: $500

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Free Demo Account: Yes

Number of Assets: N/A

Types of Assets: Forex, CFD

Trading Accounts and Conditions

JB Global Trading is a well-established Forex and CFD broker operating offshores.

With Marshall Islands as its address, our immediate response is to chuck this in the “do not do business with” bin. However, for the sake of a well-grounded review, we’re going to explore some of its advantages and disadvantages.

Is JB Global Trading a scam? In this review, we’re weighing in on the matter.

Surprisingly, there are quite a number of advantages to using this such as the advanced trading platform that it uses and the well-designed interface on its website.

Let’s break this down to the nitty and gritty details to find out if JB Global Trading is a company that is worth opening an account with–keep reading for the review.

JB Global Trading – Advantages

We know we tend to pre-judge brokerage firms on the basis of where they are allegedly registered in, but we’re overlooking that for now. Instead, we’ll explore some of the benefits that JB Global Trading has to offer first.

In our research, we found out that JB Global Trading actually uses a pretty advanced trading platform, it offers a wide range of trading options, it has exceptionally impressive leverage, and a well-designed website interface.

We explain each of these benefits below:

MetaTrader 4 trading platform

There aren’t many reliable trading platforms in the industry, but JB Global Trading uses one such platform. Often used by well-established brokerage firms, the MetaTrader 4 is equipped with tools and features that allow one to oversee trends and follow their portfolios seamlessly.

For a lot of experts (and 80% of the traders) in the trading realm, using this platform is an advantage.

With JB Global Trading, you’ll be able to get a taste of this preferred trading terminal. It can be accessed on multiple devices at varying operating systems and it is surprisingly intuitive in design too.

A wide array of trading instruments

It’s also important to note that JB Global Trading equips its traders with multiple trading instruments–60 Forex pairs to be exact.

It is able to trade in CFDs such as stocks, cryptocurrencies, agricultural produce, precious metals, stocks, and indices. All these options give traders plenty of wiggle room to explore and ultimately find a trading instrument that they are comfortable with.

Leverage of 1:200

JB Global Trading has a generous leverage of 1:200 as well. By industry standards, this is actually very impressive and has the potential to yield a lot of profit.

But here’s the thing: the more generous the leverage, the most likely it is to incur losses as well. Experts even suggest that you should stick to more conservative yet stable leverage ratio of 1.5 pips.

More so, let’s all note that some countries have imposed a leverage ceiling of 1:100 to retail traders.

Free demo

Yes, JB Global Trading offers a free demo as well. Users who are shopping around for a reliable platform will be able to test it out without committing to long-term use through it. Needless to say, this is a pretty important advantage in JB Global Trading’s favor.

Well-designed web interface

Surprisingly, one of the marks of a reliable brokerage firm is in the state of its website. JB Global Trading excels in this area. It has a modern web design with seamless integration to a variety of tools. Not to mention, it has a user-friendly interface as well which is not easy to pull off in this industry.

JB Global Trading – Disadvantages

We’ve listed down a few rather compelling reasons to do business with JB Global Trading, but there are some even more compelling reasons against it too. First of all, JB Global Trading is not regulated. Its payment method is limited, the initial deposit is too high, and they claim that they’ve won multiple awards that we’ve discovered to be fake.

No regulations

Let’s first take a look at this very important standard: licensure and regulations.

JB Global Trading claims to be an offshore account that is regulated by the Financial Conduct Authority in the UK.

Naturally, we set about in confirming the validity of this claim. Upon investigation, we found out that FCA does not have JB Global Trading in its list of regulated brokerage firms. So we continued digging and we found out that rather than the FCA, this firm is actually registered in the Marshall Islands.

So here’s the deal: the Marshall Islands is a well-known scammers paradise. There are basically zero laws regarding trading imposed here and companies can easily do as they please. This combination of lax government law enactment and deceptiveness on the part of JB Global Trading makes it hard for them to be trusted.

Without such a regulatory framework overseeing the activities of these companies, traders will have difficulty in tracking down their investments in case of misappropriation.

JB Global Trading Review: Is Jbglobaltrading.com Legit?

Jbglobaltrading.com Review: this is the name of a Forex broker that is located in the offshore region of Marshall Islands. Is JB Global Trading a scam Forex broker?

With the offshore address provided by this broker, we are on high alert regarding it. Offshore locations have proven notorious for been the source of too many scams. Registration of business there can be done without being physically present. Regulations are lax there as well.

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Forex brokers in the Marshall Islands operate without a trustworthy license making it hard for traders to trust them. JB Global Trading is an example of this kind of brokerage.

It promises that with their services, clients get: secure investments, 24/5 customer support and guarantees. They claim to offer straight-through processing solutions and allow trading in real time. It also offers new traders a personal broker to guide them. They also mention that they give the following:

Multiple Trading Platforms
Access to all Major Markets
Free Trade on all Instruments (No Commissions)
Non-Dealing Desk
Narrow and Floating Spreads
Fast Execution
Swap-Free Accounts
Transparent Pricing
High Quality Technical and Consultancy Support

It is common for Forex brokers to start out with claims of making clients richer. This is because everyone seeking out easier ways to trade effectively does so to make more profit.

However, traders need to be careful about believing everything they encounter in the business sphere. Some are geared to just deceive and steal their funds. Considering what is offered and proofs are effective means of discovering fraud as well as reading our reviews and comparing the offers to those of other legit brokers at the bottom of this article.

Trading Platform of JB Global Trading

It is mentioned that JB Global Trading trading software is operated on a MetaTrader 4 platform available to all their clients.

Legit brokers are known to offer at least the popular MetaTrader 4 or 5 trading platform.

These platforms are very good signs as they have become some of the most widely used by experienced traders. They are found to be compatible with various devices’ operating system. All can be used on desktops, Linus, windows, iOS and Android.

Tools that comes with these trading platforms are also found to be useful for traders. It has proven to be user friendly as well and helps traders in analyzing the market easily.

Trading instruments offered to traders are: 60+ Forex pairs, CFDs on precious metals, agricultural produce, indices, stocks and cryptocurrencies. We know that legit brokers offer currency pairs, indices, CFDs on many commodities and cryptocurrencies. It is important to let traders know the options open to them.

Maximum leverages can reach up to 1:200 and while this is generous, it can pose danger as well. High leverages can lead to huge loss of funds as well. Spreads are said to start from 1.5 pips for the standard account which is the most affordable.

Spreads of 1.5 pips or below are what is obtainable in the forex industry and traders are asked to look out for this. Leverages of between 1:30, 1:50 and 1:25 are also common among regulated brokers.

Deposit and Withdrawal methods on JB Global Trading

The means of making payments and withdrawals with this broker are not mentioned save for NasPay. We are not familiar with this means of payment. We find the availability of e-Wallets encouraging.

This is because standard and legit brokers make deposit and withdrawals available via Visa, MasterCard and Wire Transfer. Many offer e-wallets like: Skrill, Neteller, UnionPay, FasaPay, and so on.

Minimum deposit required is placed at $500 which is above the obtainable average of $100 – $250 among brokers. Withdrawal charges are not stated for this broker. Sometimes it is better to mention if they apply or not. We do not even find any terms and conditions; this is a shady thing. Traders are expected to sign up for something with unclear conditions.

This information is important so that clients can invest any little amount they can spare. In order to be able to first watch the working of the brokerage. If then they are satisfied with what they see, they can determine when to withdraw their money.

Is JBGlobal Trading Regulated?

No. JB Global Trading is not a licensed or regulated Forex broker. What is more, it is an offshore based broker. We have warned traders countless times to avoid unlicensed brokers.

Offshore locations are notorious because scam brokers choose to be based and operate from there. It is the same with this broker and they are not under any regulatory commission.

Regulated Forex brokers in Europe, America, Africa, Australia, and Asia are under many strict rules. The regulatory bodies like the FCA, FSCA, CySEC, AISC, NFA and many others have regulations protecting Forex traders from unfair brokers. This is why they come top as recommended Forex brokers.

Support

We do not find any mention of the means through which the broker or customer care can be reached. This is discouraging as information is lacking on the page and traders may want to know more.

Conclusion

We find the lack of licensing by this broker a disadvantage. Also, since JB Global Trading do not provide terms and conditions, it is difficult to know what fees and charges are present or absent. It gives trading conditions which are tempting but the minimum requirement is high.

It is not advised to trade with this broker as there are too many disadvantages.

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JbGlobalTrading Review

I am a victim of JbGlobalTrading what to do ?

If you are on this page it’s that you are probably a victim of JbGlobalTrading. You can’t withdraw your money, you are asked for money to withdraw or their support doesn’t answer you? It’s normal because it’s a scam. If you haven’t found a solution with your bank, we will explain the procedure to recover your money.

What makes us think JbGlobalTrading is a scam.

JbGlobalTrading is a broker without official licenses. It’s forbidden for this broker to offer trading in europe. We received a mail from Mathieu who lost $ 2000 and who can’t withdraw. This is often the case of scams, once your money deposit, it’s will be impossible to withdraw.

How to get my money back ?

You only have to register for free on MyChargeBack which is a company that fights against online scammers. After analyzing your registration, you will have a proposal by MyChargeBack. If you accept the proposal, your procedure to get your money back will start. It’s currently the only company offering a money recovery service with over 90% success. Many people don’t know that a recovery company exists but now you know that there is one that can help you.

We advise you before any investment in trading to take your time to choose a broker. Always look at several reviews on the same broker to be sure because brokers pay for fake reviews. Take the time to choose and never trust before doing research. Trading has always been a world with scammers and it will continue to be so unfortunately.

Feel free to leave a comment.

If you have a bad experience with this broker, leave a comment to help others avoid being scammed. We receive threats from many fraudulent brokers but nothing will stop us to help you.

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