Score

1.58 /10
Danger

HKJOJO

Hong Kong

5-10 years

Suspicious Regulatory License

Suspicious Scope of Business

Suspicious Overrun

High potential risk

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Comparison

Quantity 11

Exposure

Open Account
Website

Score

Regulatory Index0.00

Business Index7.55

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

香港久久有限公司

Company Abbreviation

HKJOJO

Platform registered country and region

Hong Kong

Company website

Company summary

Pyramid scheme complaint

Expose

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Warning: Low score, please stay away! 3
Previous Detection : 2024-12-24
  • 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 10 for this broker in the past 3 months. Please be aware of the risk and the potential scam!

WikiFX Verification

Pyramid scheme complaint
Expose
    HKJOJO · Company summary

    Note:HKJOJO's official website:http://mysite.jojogold.com/ is currently inaccessible normally.

    AspectInformation
    Company NameHKJOJO
    Registered Country/AreaHong Kong
    Founded Year2023
    RegulationCGSE(Suspicious Clone)
    Trading PlatformMT4/5 full license

    HKJOJO Information

    Founded in 2023 and registered in Hong Kong is HKJOJO. It runs under CGSE's control, with some doubt about the validity of this control. HKJOJO provides a trading platform fully licensed for MT4 and MT5.

    HKJOJO Information

    Is HKJOJO Legit or a Scam?

    HKJOJO Information
    The Chinese Gold & Silver Exchange Society
    Current StatusSuspious Clone
    Regulated byFSC
    License TypeDS License
    License No.147
    Licensed Institution香港久久有限公司

    Downsides of HKJOJO

    Limited Information on the Website: HKJOJO makes it challenging for possible customers to have a thorough knowledge of the business since it offers few information about its operations, services, and trading circumstances.

    Lack of clarity: Important elements like firm policies and fee structures, which could erode confidence, clearly lack clarity.

    Unregulated:Though CGSE controls this, there are questions over the validity and efficiency of this regulatory control.

    Trouble withdrawing:Clients have complained about trouble withdrawing their money, which calls serious questions regarding the dependability of the business and financial policies.

    Negative HKJOJO Reviews on WikiFX

    On WikiFX, “Exposure” is listed as a word-of-mouth recommendation gathered from users.

    Traders should review content and assess risks before trading on unregistered platforms. Regarding connected details, kindly check our platform. Report dishonest brokers under our Exposure area; our team will strive to resolve any issues you come across.

    As of right now, HKJOJO exposed twelve works in all. I will decide on 2.

    Exposure.1 Scam

    ClassificationScam
    DateOctober 4th, 2021
    Post CountryTaiwan,China

    The client said they made two successful withdrawals, but then their withdrawals were routinely denied for different reasons, suggesting it was a collection of con artists.You may visit:

    https://www.wikifx.com/en/comments/detail/202110045012684345.html

    Exposure.2 Unable to withdraw

    ClassificationUnable to withdraw
    DateJanuary,13rd
    Post CountryHong Kong,China

    The client said the website is currently unreachable yet the platform is still open for trading; withdrawals are not permitted.You may visit:

    https://www.wikifx.com/en/comments/detail/202001135182539661.html

    Conclusion

    Trading with HKJOJO is dangerous since it offers little information on its website, lacks openness about charge policies and firm operations, has regulatory issues despite claiming CGSE control, and clients have complained about withdrawals.

    It is advised to select a controlled broker with easily available, open information.

    User Reviews

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    User comment

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    Comments

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    FX1595462746
    more than one year
    HKJOJO broker is a disappointment. The platform provided by Fugelin Limited in Hong Kong is plagued with issues. The so-called "teachers" in their groups are irresponsible, shouting random trading signals and manipulating clients into taking positions. The slippage is a constant problem, leading to forced liquidations and substantial losses. I personally experienced a loss of 300,000 due to these issues. To make matters worse, attempting to withdraw funds after such losses has proven to be a futile effort. Complaints to customer service have fallen on deaf ears. Stay away from this broker if you value your money and sanity.
    HKJOJO broker is a disappointment. The platform provided by Fugelin Limited in Hong Kong is plagued with issues. The so-called "teachers" in their groups are irresponsible, shouting random trading signals and manipulating clients into taking positions. The slippage is a constant problem, leading to forced liquidations and substantial losses. I personally experienced a loss of 300,000 due to these issues. To make matters worse, attempting to withdraw funds after such losses has proven to be a futile effort. Complaints to customer service have fallen on deaf ears. Stay away from this broker if you value your money and sanity.
    Translate to English
    2024-01-10 18:39
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