Score

1.54 /10
Danger

JB Markets

United Kingdom

5-10 years

Suspicious Regulatory License

Suspicious Scope of Business

Australia Market Making(MM) Revoked

High potential risk

D

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Score

Regulatory Index0.00

Business Index7.20

Risk Management Index0.00

Software Index4.00

License Index0.00

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Licenses

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

Single Core

1G

40G

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Regulatory disclosure

Danger

ID BAPPEBTI
2022-02-02
Ministry of Trade Blocks 1,222 Illegal Commodity Futures Trading Websites
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Broker Information

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Company Name

JB Markets Pty Ltd

Company Abbreviation

JB Markets

Platform registered country and region

United Kingdom

Company website

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Company summary

Pyramid scheme complaint

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Warning: Low score, please stay away! 2
Previous Detection : 2025-01-22
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • AustraliaASIC (license number: 323182) The regulatory status is abnormal, the official regulatory status is Revoked. Please be aware of the risk!

WikiFX Verification

JB Markets · Company summary
JB Markets Review Summary
Founded2016-11-28
Registered Country/RegionUnited Kingdom
RegulationRevoked
Products Futures, Options, CFDs, Shares, Margin Foreign Exchange, Agricultural Products, Managed Discretionary Account/Trading, and Managed Funds
Customer SupportFacebook, Twitter, YouTube, LinkedIn

JB Markets Information

Registered in the United Kingdom, Registered in the United Kingdom, JB Markets is a financial services provider in the securities and derivatives sectors to wholesale and retail clients. JB Markets provides 3 major services and more products.

JB Markets Information

Is JB Markets Legit?

Australia Securities & Investment Commission(ASIC) regulates JB Markets with license number 323182 and License Type Market Making(MM). However, the 'Revoked' current status is less safe than the regulated one.

Is JB Markets Legit?
Is JB Markets Legit?

What products and services does JB Markets have?

JB Markets offers access to various products, including Futures, Options, CFDs, Shares, Margin Foreign Exchange, Agricultural Products, Managed Discretionary Account/Trading, and Managed Funds. It also provides 3 major services, such as Managed Discretionary service and Full Service Broking services.

The company offers both managed discretionary accounts (MDAs) and managed investment plans or funds (funds)

JB Markets provides access to a large number of global stock and futures exchanges, over 30 forex pairs, and commodities from the same platform.

JB Markets provides effective hedging, trading, and investment opportunities to both institutional and retail clients with 24-hour execution. It also offers services including equity indices, fixed income, currencies, commodities, and agricultural products.

News

NewsASIC cancels AFS license of JB Markets

According to ASIC's official website, ASIC has decided to cancel the Australian Financial Services (AFS) license of JB Markets Pty Ltd (JB Markets) effective from 12 April 2024.

WikiFX
2024-04-22 15:19
ASIC cancels AFS license of JB Markets

NewsASIC Suspends JB Markets AFS License

The Australian Securities and Investments Commission (ASIC) has suspended JB Markets' Australian Financial Services (AFS) license until April 30, 2024, for non-compliance with financial licensing requirements. This action reflects ASIC's commitment to market integrity and consumer protection. The release also outlines ASIC's role in regulating financial services, highlighting its efforts in enforcing standards within the Australian financial industry.

WikiFX
2023-11-17 11:29
ASIC Suspends JB Markets AFS License

User Reviews

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User comment

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Suyond
more than one year
Limited platform options, no demo account for the newbies, and some info gaps, like withdrawal methods. Also, they keep the counterparty info under wraps, which might bug some traders, including me.
Limited platform options, no demo account for the newbies, and some info gaps, like withdrawal methods. Also, they keep the counterparty info under wraps, which might bug some traders, including me.
Translate to English
2023-12-13 00:33
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2013
more than one year
JB Markets is amazing. Their liquidity providers are top-notch, which means the spreads are incredibly tight. And the best part? I've never experienced any lag or dropped connections while trading on their platform. The only downside is that their customer service can be a bit slow to respond at times. But honestly, it's a small price to pay for such a great trading experience.
JB Markets is amazing. Their liquidity providers are top-notch, which means the spreads are incredibly tight. And the best part? I've never experienced any lag or dropped connections while trading on their platform. The only downside is that their customer service can be a bit slow to respond at times. But honestly, it's a small price to pay for such a great trading experience.
Translate to English
2023-03-29 10:19
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