Score

1.26 /10
Danger

JVG MARKETS

United States

1-2 years

Suspicious Regulatory License

High potential risk

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Comparison

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Exposure

Time Machine
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Score

Regulatory Index0.00

Business Index5.08

Risk Management Index0.00

Software Index4.00

License Index0.00

Time Machine
Website

Licenses

No valid regulatory information, please be aware of the risk

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

Single Core

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40G

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Warning: Low score, please stay away! 2
Previous Detection : 2024-11-11
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The current information shows that this broker does not have a trading software. Please be aware!

WikiFX Verification

JVG MARKETS · Company summary
Aspect Information
Company Name VG MARKETS
Registered Country/Area China
Founded Year 2023
Regulation Unregulated
Market Instruments CFDs on various markets, precious metals, energy, index, stock
Account Types N/A
Minimum Deposit N/A
Maximum Leverage N/A
Spreads N/A
Trading Platforms Proprietary trading platform
Customer Support Email-only support available 24/7 (cs@jvgmarkets.com)
Deposit & Withdrawal PAY PAY, Mastercard, VISA, Skrill, PurplePay, PayPal, Klarna, giropay, and epay

Overview of JVG MARKETS

VG MARKETS, established in China in 2023, offers a wide range of trading assets including CFDs on various markets, precious metals, energy, index, stock, providing traders with extensive options for portfolio diversification.

Its advantages include 24/7 customer support, a free mobile app, and high server uptime (>99%).

However, limited transparency on pricing and execution, reliance on email-only customer service, and operating without regulation raise risks.

Overview of JVG MARKETS

Regulatory Status

JVG MARKETS operates without any regulation. This lack of oversight means there are no rules or standards enforced on its activities. Without regulation, there's a risk of fraud, manipulation, and unfair practices. Customers might face financial losses due to unchecked risks. Additionally, the absence of oversight undermines market integrity and investor confidence.

Pros and Cons

Pros Cons
Support available 24/7 Unregulated
Wide range of markets to trade including CFDs on various markets, precious metals, energy, index, stock Limited transparency on pricing and execution mechanisms
Free mobile app for convenient trading Customer service via email only
High server uptime (>99%)
Utilizes institutional-grade technology for reliable service

Pros:

  1. Support available 24/7: JVG MARKETS offers round-the-clock customer support, ensuring assistance is available whenever traders need it. This includes access to platform specialists globally, providing timely assistance with inquiries and technical support.

  2. Wide range of markets to trade: JVG MARKETS offers CFD trading on thousands of markets, providing traders with extensive options beyond FX.

  3. Free mobile app for convenient trading: JVG MARKETS offers a free mobile trading app, enabling traders to access the platform conveniently from their smartphones or tablets. This allows traders to stay connected to the markets wherever they are, ensuring they never miss trading opportunities.

  4. High server uptime (>99%): JVG MARKETS boasts high server uptime, with a reliability rate of over 99%. This ensures that traders can access the platform consistently without disruptions, providing a friendly trading experience.

  5. Utilizes institutional-grade technology for reliable service: JVG MARKETS employs institutional-grade technology for its trading platform, ensuring reliability and efficiency in trading operations. This technology encompasses liquidity provision, pricing mechanisms, and trade execution processes, enhancing the overall trading experience for users.

Cons:

  1. Unregulated: JVG MARKETS operates without regulation from any authority, which may raise risks regarding investor protection and market integrity. The absence of regulatory oversight means there are no established standards or guidelines governing the platform's operations.

  2. Limited transparency on pricing and execution mechanisms: JVG MARKETS lacks transparency in disclosing detailed information about its pricing and execution mechanisms.

  3. Customer service via email only: JVG MARKETS offers customer service exclusively through email communication, limiting the immediacy of support options. Traders may experience delays in receiving responses to their inquiries or issues due to the asynchronous nature of email communication.

Pros and Cons

Market Instruments

JVG MARKETS provides a wide suite of trading assets across various categories.

Contract for Difference (CFD):

JVG MARKETS offers a wide range of over 40 currency pairs, encompassing major, minor, and other currency pairs. This provides traders with ample opportunities to speculate on forex market movements.

Precious Metals:

Gold and silver are featured as alternative investment options, appealing due to their intrinsic value and relatively high market liquidity. These commodities serve as attractive assets for investors seeking portfolio diversification and a hedge against economic uncertainty.

Energy:

JVG MARKETS presents three prominent energy commodities for investment: British Brent crude oil, US WTI light crude oil, and US natural gas. These commodities are widely traded and sought after by investors for their potential returns and role in global energy markets.

Index:

The platform offers a variety of index products, comprising multi-country stock market indexes and the U.S. dollar index. These indexes provide exposure to broader market trends and allow investors to diversify their portfolios across different sectors and regions.

Stock:

With a selection of over 270 well-known corporate stocks, including those listed in the United States, Europe, and popular stocks from Hong Kong, JVG MARKETS serves investors seeking direct equity investments. This wide range of stocks enables traders to capitalize on specific company performance and market trends.

Market Instruments

How to Open an Account?

  1. Visit the JVG MARKETS Website:

  1. Navigate to the official website of JVG MARKETS using a web browser on your computer or mobile device.

  1. Click on “Open an account now” :

  1. Look for the option to open an account now on the homepage of the JVG MARKETS website. This may be prominently displayed or located within a menu.

How to Open an Account?
  1. Complete the Online Application Form:

  1. Fill out the online application form with accurate personal information as required by JVG MARKETS. This typically includes details such as your full name, contact information, residential address, and date of birth.

  1. Provide Identification Documents:

  1. Upload scanned copies or clear photos of identification documents as specified by JVG MARKETS. This may include a valid government-issued ID (such as a passport or driver's license) and proof of address (such as a utility bill or bank statement).

  1. Agree to Terms and Conditions:

  1. Review the terms and conditions provided by JVG MARKETS regarding account opening, trading, and other relevant policies. Once satisfied, agree to these terms by checking the appropriate box or clicking on an “I agree” button.

  1. Account Verification and Funding:

  1. After submitting your application, JVG MARKETS may require account verification to ensure compliance with regulatory requirements. This may involve additional steps such as verifying your identity and residency. Once verified, proceed to fund your account using the available payment methods provided by JVG MARKETS.

How to Open an Account?

Trading Platform

JVG MARKETS' proprietary trading platform is recognized for its clarity and user-friendly interface, offering a wide array of advanced features. It is commonly utilized by international traders and is regarded as a reputable provider in the industry. The platform supports trading across various popular financial instruments, providing users with various options for their trading activities.

The proprietary trading software offered by JVG MARKETS is described as revolutionary, as it has reportedly enhanced the trading experience for many clients. The platform's design prioritizes ease of use and functionality, contributing to its effectiveness in assisting traders in navigating the financial markets.

Users of JVG MARKETS have the flexibility to trade on multiple devices, including iPhone, iPad, Android devices, Windows 10, and web browsers. This accessibility enables traders to execute trades conveniently from different locations and at any time, facilitating continuous access to the markets.

Trading Platform

Deposit & Withdrawal

JVG MARKETS offers a range of payment methods to accommodate various preferences. Accepted methods include PAY PAY, Mastercard, VISA, Skrill, PurplePay, PayPal, Klarna, giropay, and epay. However, availability may vary depending on your country or region. These options cover major credit and debit cards, popular e-wallets, and alternative payment solutions.

Deposit & Withdrawal

Customer Support

JVG MARKETS provides customer support through email at cs@jvgmarkets.com. Their support team is available to assist users with inquiries, account-related issues, and technical support.

Customer Support

Conclusion

While VG MARKETS offers various trading assets and 24/7 customer support, its lack of regulation raises risks about investor protection.

Additionally, limited transparency on account types, minimum deposits, and maximum leverage may deter some traders.

However, advantages like a free mobile app and high server uptime enhance the trading experience. Traders should weigh the benefits of asset diversity and accessible support against the risks associated with unregulated trading.

FAQs

Question: What financial instruments can I trade on VG MARKETS?

Answer: VG MARKETS offers CFDs on various markets, providing ample trading opportunities.

Question: Is VG MARKETS regulated?

Answer: No, VG MARKETS operates without regulation from any authority.

Question: How can I contact customer support on VG MARKETS?

Answer: You can reach customer support via email cs@jvgmarkets.com, available 24/7 for assistance.

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