Score

1.60 /10
Danger

Jojo Markets

United Kingdom

Scam Brokers

5-10 years

Suspicious Regulatory License

Suspicious Scope of Business

Suspicious Overrun

High potential risk

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Comparison

Quantity 35

Exposure

Open Account
Website

Score

Regulatory Index0.00

Business Index7.71

Risk Management Index0.00

Software Index4.00

License Index0.00

The WikiFX Score of this broker is reduced because of too many complaints!
Open Account
Website

Licenses

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

Single Core

1G

40G

open now

Broker Information

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Company Name

Jojo Market Limited

Company Abbreviation

Jojo Markets

Platform registered country and region

United Kingdom

Company website

Pyramid scheme complaint

Expose

Check whenever you want

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This platform is a Ponzi Scheme. Please stay away! 6
Previous Detection : 2025-07-27
  • This broker has been verified to be illegal and all of its licences have expired, and it has been listed in WikiFX's Scam Brokers list. Please be aware of the risk!
  • The platform is a Ponzi Scheme, which refers to the use of "principle of value multiplication". In the form of rolling or static fund circulation, it uses the money of next member to pay to the present one, which is essentially a pyramid scheme with the distinction of hidden, deceptive and socially harmful. By calling common person's desire for money, fraudsters in the platform begin raising funds underground. Since this kind of platform mostly will abscond after 1 or 2 years, the fund-raising mode just can exist less than 3 years.

WikiFX Verification

Pyramid scheme complaint
Expose
Scam

The scum team in Jojo Markets !

The team of Wang Ji,whose Weibo are full of profit orders.Actually,it is a scalping team which induces you to place reverse orders and conduct scalping trade with bad intentions.I placed 75 lots and made a loss of nearly 5000 RMB,which was inconsistent with their promotion on Weibo.Scum team.Scalping team.Simply a fraud platform!

2019-10-09 11:27
Resolved

Agent on Jojo Markets Unable to Withdraw

They have been procrastinating, saying that there are many people withdrawing on Monday. Also, they said they have to go through international remittances and the funds need to be audited and manually handled by professional financial departments. I called customer service 400-666-0205, and they have repeated this sentence. I asked them to give proof of the queuing remittance, but they said that the customer service could not give any proof. Starting from an hour to the current 24 hours, they keep me waiting, saying that it is already under review and now ready to get paid. My fellow agents and customers, we must boycott such a platform, and fully explain the posts and the process of the matter to other customers who have not been deceived for now. Let Jojo Markets disappear from now on! Even if they launch a new platform, we must notify everyone. Also, they have now opened a platform called Meili, and Shengen also belongs to them. We must not invest in those platforms. This is the website of the platform https://www.jojoex.com/#/, be alert! If you want to be an agent or invest in a certain platform, please ask the salesman and order instructors for their exact locations. Without real address, do not invest even a penny. The transaction receiver of the platform is called Wang Weizhi.

2019-09-17 12:23
Scam

Jojo Markets’ agent seduced to deposit and made my account liquidated

Jojo Markets’ agent number 511548 posted real-time order on Weibo, saying that the lowest deposit is 20000 USD and every client can enjoy one-to-one instruction. At the first day of my deposit, they made an order contrary to the market trend and canceled my stop loss order which led to my account liquidated. I called the service to complain, but they blocked me. Do not invest in this scam platform Jojo Markets. I posted the promotion links of the agent. Do not deposit. All they do is fraud.

2019-08-14 05:16
Scam

JoJo Markets fraud platform

JoJo Markets has an agent named Peng Zhijun, whose agent account is 511548. His Weibo and Wechat name used to be “Hermit”, now changed to “Forex Decision Maker”. He is a relentless order recommender, using just one order to claim all your money. My fellow forex-friends, please do not believe him. On July 17, 2019, I deposited 20,000 USD.Under his one-to-one guidance, I placed two limit orders. Though the direction was right, the price he set was unable to access. After the cancelation of limit orders, he informed me to sell 10 lots of gold at 11 o’clock that night. However, at that night there was so-called nonfarm payrolls statistic on the internet, and the forex instructors on Weibo all bullish gold. But Peng told us to sell out, that we would have closed position before the statistics come out. Just after our selling, the price went above the candlestick and immediately reached the stop-loss price. Then he told us to cancel the price set. I questioned his motivation of making our accounts become forced liquidation. He just said, “Who knows it could rise 30 points?”. As a technical analyzer, how could he didn’t know that? The answer is obvious. He is one of those phishers on the Weibo or Wechat platform who makes you lose everything using just one order. Please do not bite his bait. I have posted out the website and the agent account.

2019-08-27 09:34

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    梦想成真1342
    more than one year
    The most unreliable and worst broker that ever existed, your positions will be closed without informing you in advance, yet they claim that their ******* system shows otherwise… **** it.
    The most unreliable and worst broker that ever existed, your positions will be closed without informing you in advance, yet they claim that their ******* system shows otherwise… **** it.
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    2023-03-07 10:15
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