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Score

2.20 /10
Danger

JR

Hong Kong

2-5 years

Suspicious Regulatory License

MT5 Full License

Regional Brokers

High potential risk

https://vip.jrjr1.com

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Comparison

Quantity 35

Exposure

Time Machine
Website

Score

Regulatory Index0.00

Business Index5.93

Risk Management Index0.00

Software Index9.54

License Index0.00

The WikiFX Score of this broker is reduced because of too many complaints!
Time Machine
Website

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

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Broker Information

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Company Name

金荣中国金融业有限公司

Company Abbreviation

JR

Platform registered country and region

Hong Kong

Company website

Company summary

Pyramid scheme complaint

Expose

Check whenever you want

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Warning: Low score, please stay away! 3
Previous Detection : 2024-12-23
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The number of the complaints received by WikiFX have reached 33 for this broker in the past 3 months. Please be aware of the risk and the potential scam!

WikiFX Verification

Exposure

35 pieces of exposure in total
Pyramid scheme complaint
Expose
Scam

If I find them for induce fraud, they will block me, and cancel my account directly.

They scammed me out of half a million hard-earned money，and cancel my account directly and the phone is also blocked

2023-07-15 00:40
Others

JR illegally obtained personal information and used high commission, high rebates, and professional guidance to lure transactions, causing huge losses

In October 2020, JR（https://about.jrjr66.com/) staff proactively contacted me by phone, and claiming that there are high rebate and rebate experts who live guide the transaction and guide me to open an account. After strictly following the guidance of the experts, the transaction incurred a loss of 500000 CNY

2023-04-19 21:31
Scam

JRJR pays back my hard-earned money

False publicity on the Internet. Extremely high spreads. When the account is at risk, you can’t deposit money, which leads to the account liquidation. The teacher is still live broadcasting to attract customers to join. JRJR has no permission to develop business in mainland China and Hong Kong. It is also not regulated by the government. Its financial and trade organization is a non-governmental organization that is not subject to government supervision

2023-08-17 09:43
Others

JRJR is an unscrupulous platform that uses backend system manipulation to close customer orders

After the U.S. non-agricultural data was released on the evening of October 6, 2023, I chose to close the short position I opened, but the platform system also closed all my long orders, resulting in a loss of more than 2,400 US dollars. I asked customer service to solve the problem, but they never solved it. Every time the market fluctuates greatly, the platform freezes and slips, making it impossible to open or close positions. The platform also uses the backend system to close customer orders. This happened once before, and the customer service shied away from responsibility, saying that no other customers responded. As far as I know, several of my friends have experienced these problems. The platform doesn't provide any solutions, it just wants to defraud customers of their money!

2023-10-16 12:30
Others

Frequent false spreads.

The platform randomly closes positions and has illegally customizes rules. There is no professional customer service and they do not reply to messages for half a day

2023-07-20 03:10
Others

The dealing-desk platform needs to deposit money to protect the risk and cannot enter

When trading on the platform, the spread is very high up to 50 on both sides. Slippage is serious. When the account needs to be deposited to protect the risk, it is too late to enter. The platform deliberately makes deposits immediately after liquidation. It will be credited immediately. Ask the platform to return my loss.

2023-08-15 14:10
Scam

Give My Money Back

Virtual transactions, live streaming, no government supervision and management, extremely high spreads. There are high bonuses for online false propaganda. When the account was at risk, I couldn’t deposit money, resulting in serious losses. Private account deposits and withdrawals caused multiple bank cards to be frozen. I complained to the platform that they directly blocked my account, customer service screened me, and the platform used the background to to operate transactions and accounts.

2023-08-21 18:20
Scam

Return my principal

JRJR closed my account and I want to complain. There must be something wrong with them. I saved all the evidence before. I must defend my rights to the end. Have you been scammed by JRJR? I have contacted more than 20 clients here. Next Monday, if the platform doesn't give me an explanation, I will report to the economic investigation. When the spread is high and the account is at risk, you cannot deposit money. The gold and silver trading field is a non-governmental organization, without the supervision of the Hong Kong government, and induces customers to make more deposits. More than a dozen live broadcast rooms are inducing customers to open positions, developing secondary customers, giving bonuses, giving points, and giving bonuses of up to 30,000 US dollars. The minimum position is 0.05, and other foreign exchange is 0.01. They control our trading with positions

2023-08-18 14:47
Scam

Dealing desk, no Hong Kong SFC license

Set their own rules, account risk can not enter the gold, chuck, slippage, multi-level distribution, exaggerated earnings, the use of high grant to induce more transactions heavy positions, live with a single.

2023-10-02 14:59
Scam

Asking the unregulated and unscrupulous platform to pay back 230,000 yuan

High commission and high-income fraud, no registration with the Hong Kong Securities Regulatory Commission and no supervision, unscrupulous platform, live broadcast orders, serious spreads, and inability to deposit money when the account is at risk, resulting in liquidation of positions, causing customers to lose money. And I have complained to the Hong Kong Securities Regulatory Commission.

2023-09-19 15:47
Scam

Dealing Desk, traders are unqualified to live stream

Get 30,000 US dollars in bonus and points. Second-level and third-level distribution, no government qualification supervision, no business in the mainland, violation of the regulations and laws of the Political Supervision Commission, traders live broadcast, double spread 50, international warehouse standard 0.01, JRJR’s own warehouse standard 0.05, Overnight interests are collected in both long and short. Request: Return my principal of RMB 23,000. This is a fraud platform. I complained about platform, then they blocked me and my account. Friends, please stay away from this kind of platform.

2023-08-30 11:22
Scam

Return me 230,000

JRJR is not supervised by the Hong Kong government, and its supervision is illegal for non-governmental organizations. The Hong Kong Special Administrative Region government’s law is 20 leverage, and the mainland has become 200 leverage. The one-sided point difference is 50, the overnight fee is charged for both long and short positions, the minimum position is 0.05, and the international position standard is 0.01, the gold withdrawal card is frozen, and the account will never be able to deposit funds when the account is at risk. Dozens of bad teachers in the live broadcast room are giving lectures. Exaggerate the bonus of up to 28,000 US dollars to induce users to make more deposits and more orders. I complained to the platform, and the platform directly blocked my account. Customer service screened me off. Fortunately, I kept all deposit and withdrawal records in advance. Evidence of violations by the platform has been collected, and the platform must give an explanation. The majority of investors have already entered or want to enter JRJR, so be careful.

2023-08-23 10:17
Others

Require to return principal

Two orders have problem and cannot even close them. I am a rookie and I forget to take a screenshot. Two orders are both forcibly closed by platform and they say that I do not take platform risk and cancel my account. Request to return my principal.

2023-05-18 20:24
Scam

Return money. Dealing desk scam.

This platform has false advertising, a double spread of 50, no government supervision, and is just a private XAU/USD and XAG/USD trading industry organization. When the account is at risk, you will not be able to deposit money, resulting in liquidation. I have lodged a complaint with the Securities and Futures Commission of Hong Kong. Everyone, stay away from this platform and withdraw money ASAP.

2023-10-19 11:15
Unable to Withdraw

Scam

Fraud platform. In the beginning, there was an exclusive customer service who added me to WeChat and called me for orders. Later, the WeChat account of the exclusive customer service was reported by many people. Now the account is abnormal. The app must be downloaded through the link, and the app needs to be downloaded again every once in a while. , The slippage is serious. The most hateful thing is that many times when there is a big market, the app freezes, black screens, or crashes. The app returned to normal, and customer service will call every once in a while to introduce account upgrades and induce deposits. Deposits are all private accounts, and withdrawals are also private long-term accounts, and withdrawals will lead to judicial freezing of my bank card. induced fraud

2023-05-22 02:04
Resolved

Regardless of the interests of customers, new positions are not allowed to open on the grounds of upgrading.

In October this year, JRJR required its account holders starting with 20 and 30 to upgrade their accounts, citing the need to upgrade the server. Otherwise, they will no longer be able to conduct new position transactions from December 4. Users must close all orders in the account before upgrading. Otherwise, after December 4, the account can only withdraw funds and deposit funds and cannot create new positions. This means that users who have arbitraged orders in their accounts will either be forced to close their positions and upgrade, or they will not be able to open new orders and continue to deposit money to hold positions until the orders in their accounts stop profiting on their own. JRJR's customer service said that it gave a two-month buffer period. In fact, the official notification was October 29th. It was only released on the platform and did not call customers to inform them. It is said to be a buffer period, but the fact is that the market will not change due to the buffer period. JRJR completely disregards the interests of its customers and has violated their rights and interests. This platform is very unreliable! Moreover, I have encountered situations where my withdrawals have been frozen many times on this platform!

2023-10-31 14:34
    JR · Company summary

    Risk Warning

    Online trading is dangerous, and you could potentially lose all of your investment funds. Not all investors and traders are suitable for it. Please understand that the information on this website is designed to serve as general guidance, and that you should be aware of the risks.

    General Information

    JR Review Summary
    Registered Country/Region Hong Kong
    Regulation CGSE
    Investment Products gold and silver CFDs, physical gold
    Trading Platforms MT4
    Education beginner's guide, basic knowledge, market perspectives, an investment encyclopedia, technical analysis materials, and an investment Q&A section
    Customer Support email, telephone, 24-hour customer service

    What is JR？

    JR is a precious metal brokerage firm based in Hong Kong. They offer various trading products, including gold and silver CFDs (Contracts for Difference) and physical gold. As a brokerage firm, JR facilitates trading activities for clients who are interested in precious metals. They provide trading platforms, customer service, educational resources, and other services related to precious metal trading.

    JR's home page

    We will examine this broker's attributes from a variety of angles in the following post, giving you clear and organized information. Please continue reading if you're curious. To help you quickly comprehend the broker's qualities, we will also provide a concise conclusion at the end of the piece.

    Pros & Cons

    Pros Cons
    • Offers a variety of trading products, including gold and silver CFDs and physical gold • Reports of difficulties with withdrawals and potential scams
    • Provides an educational platform for clients
    • Valid regulation
    • MT4 supported

    JR Alternative Brokers

    There are many alternative brokers to JR depending on the specific needs and preferences of the trader. Some popular options include:

    • JM Bullion - JM Bullion is a popular precious metal broker offering a user-friendly platform, competitive pricing, and a wide range of bullion products, making it an excellent option for both new and experienced investors.

    • GoldSilver.com - GoldSilver.com is a reputable precious metal broker founded by renowned investor Mike Maloney, providing educational resources, a seamless trading platform, and a variety of physical precious metals to cater to investors seeking to protect and grow their wealth.

    • Kitco - Kitco is a well-established precious metal broker known for its reliable pricing information, extensive market analysis, and a wide selection of bullion products, making it a valuable resource for traders and investors in the precious metal markets.

    Is JR Safe or Scam？

    Based on the information provided, it is essential to approach JR with caution. While JR is regulated by CGSE, indicating a level of oversight, there have been reports of difficulties with withdrawals and potential scams associated with the firm. These reports raise concerns about the safety and reliability of JR as a brokerage firm.

    It is crucial for individuals considering engaging with JR to conduct thorough research, gather more information, and exercise caution. It is recommended to explore alternative options and consider brokerage firms with a strong track record of reliable customer service, transparent operations, and positive client feedback.

    CGSE License

    Investment Products

    JR offers a diverse range of market instruments for precious metal trading. Their offerings include gold and silver CFDs (Contracts for Difference), which allow clients to speculate on the price movements of these metals without owning them physically. CFDs offer flexibility and leverage, enabling traders to potentially profit from both rising and falling prices.

    gold and silver CFDs

    JR also provides the option to trade physical gold, which involves the actual ownership and possession of physical gold bullion. This allows investors to hold a tangible asset and benefit from the long-term value and security of owning precious metals. With these market instruments, JR caters to different trading preferences and investment strategies, providing opportunities for both short-term speculation and long-term investment in precious metals.

    physical gold

    Trading Platform

    JR provides its clients with MT4 (MetaTrader 4) trading platforms, which are widely recognized and utilized in the financial industry. The MT4 platform is a powerful and popular trading software known for its advanced features and user-friendly interface. It offers a range of tools and functionalities that enable clients to engage in efficient and effective trading. Additionally, the MT4 platform offered by JR allows for the customization of trading preferences and the development of automated trading strategies through the use of expert advisors (EAs). EAs are software programs that can automatically execute trades based on predefined rules and parameters, helping clients implement their trading strategies more efficiently.

    MT4

    See the trading platform comparison table below:

    Broker Trading Platforms
    JR MT4
    JM Bullion Online Trading Platform
    GoldSilver.com Online Trading Platform
    Kitco Online Trading Platform

    User Exposure on WikiFX

    You may find reports of frauds and withdrawal issues and scams on our website. Investors are urged to evaluate the risks involved with trading on an unregulated platform and carefully study the information offered. Before trading, you may check the information on our site. Please let us know in the Exposure area if you come across any such dishonest brokers or if you have been the victim of one. We would appreciate that, and our team of professionals will make every effort to help you solve the problem.

    User Exposure on WikiFX

    Customer Service

    JR provides multiple channels for customer service to cater to the needs of its clients. Clients can reach out to JR's customer service team through various means, including telephone, email, online customer service, and a physical customer center.

    Clients can contact JR's customer service via telephone at the provided number: (+852) 2385 0968. This allows for direct communication and the opportunity to address any queries, concerns, or issues promptly.

    For written correspondence, clients can utilize email and reach out to JR's customer service team at cs@jrjr.com. This provides a convenient and documented channel for communication, allowing clients to express their inquiries or provide detailed information.

    Working hours: Monday to Friday 9:00-17:00 (closed on holidays).

    Company address: 21/F, Nina Tower Phase 2, No. 8 Yeung Uk Road, Tsuen Wan, New Territories, Hong Kong.

    contact details

    Education

    JR places great emphasis on supporting the education of their clients by providing an extensive educational platform. This platform offers a wide array of resources designed to enhance clients' knowledge and understanding of precious metal trading.

    For beginners, JR offers a comprehensive beginner's guide that serves as an introduction to the world of trading. It covers the fundamentals of trading, including basic knowledge, concepts, and essential strategies. This guide provides newcomers with a solid foundation to start their trading journey.

    beginner's guide and basic knowledge

    In addition to the beginner's guide, JR's educational platform encompasses a range of resources that cater to clients with varying levels of expertise. They provide depth-inknowledge resources that delve into specific topics related to precious metal trading. These resources cover areas such as market perspective, offering insights into current market trends, news, and analysis. This information helps clients stay informed about factors influencing the prices of precious metals and make well-informed trading decisions.

    To further expand clients' understanding, JR offers an investment encyclopedia that serves as a comprehensive reference tool. It provides detailed information about various investment concepts, strategies, and techniques. This resource helps clients deepen their understanding of investment principles and broaden their knowledge base.

    market perspective and investment encyclopedia

    Technical analysis materials are also available on JR's educational platform. These resources focus on technical analysis techniques and tools used to interpret price charts and identify potential trading opportunities. Clients can learn about popular indicators, chart patterns, and trend analysis methods, enabling them to make more informed trading decisions based on technical factors.

    To address specific queries and concerns, JR provides an investment Q&A section where clients can find answers to commonly asked questions. This section covers a range of topics related to trading, risk management, and general investment queries, offering valuable insights and clarification.

    technical analysis and investment Q&A section

    Conclusion

    In summary, JR is a precious metal brokerage firm based in Hong Kong, regulated by CGSE. They offer trading products such as gold and silver CFDs and physical gold. Their customer service can be accessed via telephone, email, and online channels during specified hours. They provide an educational platform for clients to enhance their understanding of trading. However, there have been reports of difficulties with withdrawals and potential scams associated with JR.

    Frequently Asked Questions (FAQs)

    Q1: Is JR regulated？

    A1: Yes, JR is regulated by CGSE.

    Q2: What trading products does JR offer？

    A2: JR offers a range of trading products, including gold and silver CFDs and physical gold.

    Q3: How can I contact JR's customer service？

    A3: JR's customer service can be reached via telephone at (+852) 2385 0968 or through email at cs@jrjr.com. They also offer a 14-hour online customer service option.

    Q4: What are JR's working hours？

    A4: JR operates from Monday to Friday, 9:00-17:00, and is closed on holidays.

    User Reviews

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    User comment

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    Comments

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    我的LINE(moring696)
    more than one year
    黑平臺，入金不出金，客服訊息不回復，正在想辦法，挽回損失
    黑平臺，入金不出金，客服訊息不回復，正在想辦法，挽回損失
    Translate to English
    2023-08-23 15:58
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    0
    山河佳耐
    more than one year
    黑公司，只要你反映问题，他们就注销账户，屏蔽你信息
    黑公司，只要你反映问题，他们就注销账户，屏蔽你信息
    Translate to English
    2023-07-24 11:33
    Reply
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    35