CJC Markets (Cjcmarkets.com) is a CFDs and Forex broker scam that’s stealing from anyone who signs up. CJCMarkets is claiming to offer smart trading every time. What this broker is purporting is delivering highly reliable and easy to use platform. CJC MARKETS is purporting to offer excellent services and a wide range of trading products. With these claims, we decide to investigate and know more. Here’s the full CJC Markets Review.
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Competitive pricing, friendly and secure trading platform are what makes users sign up with this platform. Always ask yourself, is this true? Will this broker really come through with their claims and promises? Lately, there has been a surge of Forex scams and this should be a concern for all investors. Sadly, CJC Markets is no different as this broker is filled with lies and tricks that fool investors. Read on to find the dirty tricks used by this shameful broker.
Making money is all what everyone wants in any type of investment; these scammers take advantage of this need. What they do is come up with a website that’s easy to use and post almost genuine claims and promises. It’s hard for newbie traders not to spot the tricks used by scammers. Problem with Forex scams is that most use the same tactics to lure investors into signing up. CJCMarkets is no different as they have used the same bag of tricks.
When it comes to ownership of this platform, there are no clear details as to the people behind it. What this means is that users are depositing money to an unknown entity. Disclaimer at the bottom of the page claims that this platform is owned by Carrick Just Capital Markets Limited. Scammers will do or say anything to make their platform appear legit. This broker has cloned the actual Carrick Markets Company to try and legitimize themselves.
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Financial Markets Authority of New Zealand, where this broker claims to be registered, tells it all. This broker is not owned by the above company. This means that we are dealing with a rogue Forex broker. In most cases, these are professional scam artists who have made millions by scamming people. Use of false information is what makes them appear legit. Anonymity is their tool of trade and investors should be wary of anonymous brokers. CJC Markets is one of them.
As we said earlier, scammers will do or say anything, including posting fake credentials. Disclaimer at the bottom of their homepage states that this broker is registered by Financial Markets Authority. Doing a quick search on the Financial Markets Authority’s homepage, shocking details emerge. Results clearly reveal that there’s no company licensed or registered under CJC Markets name.
It means that CJCMARKETS is conducting Forex transactions illegally. Anyone who signs up is an accessory to Forex crime and traders should stay away from this broker. Lack of registration credentials is proof we are dealing with a scam.
Documents page has no licensing or regulation documents as one would expect from a real broker. It means that users cannot verify using certificates to know the legitimacy of this broker. Lack of these vital documents is proof we are dealing with another shameful Forex scam platform.
Another peculiar detail we found with CJC Markets is their demo account. This demo account makes over 95% successful trades, even with newbie traders. Problem with this win rate is that it’s not possible even in real life. With prices changing constantly and without warning, there’s no way win rates can be that high. It means that the developers of this platform have rigged the demo account in favor of users. And there’s a reason they do this.
When investors see they are making money with a demo account, next move is to open a real account. And that’s when they fall into the set trap. With a real account, trades are different and investors end up losing money. Worse still, these brokers are in league with other brokers to share the spoils.
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CJC Markets is offering users MT4 trading platform as their preferred mode of trading program. Homepage clearly reads that their platform is secure and easy to use. This broker also claims that the platform offers latest technology. CJCMARKETS also claims that this platform has a lot of useful features. In order to test how well their platform worked, we decided to download it on our devices. Download was successful and problem started with installation.
Installation could not complete which means that their platform is highly unstable. Hackers find unstable platforms as easy breeding ground for data harvesting. All they have to do is take over this unstable platform.
After all the evidence has been gathered, it’s clear that we are dealing with an unsecured platform. CJC Markets is fully aware of this and they are still offering brokerage services. Make sure to stay away from this unsecured trading platform.
When it comes to what really matters when securing funds, segregation of accounts is one of them. Sadly, this broker has no intentions of this and they are pooling funds in one account.. And this is not the end of it; users should not expect any compensation from this broker. CJCMARKETS does not participate in a compensatory scheme which is detrimental with any broker.
Without a shadow of doubt, CJC Markets is a scam that should be shut down immediately. Anyone reading this review should warn their family and friends from signing up with this illicit broker. Ensure you never give out your personal details to any of their agents who call.
Giving this broker our time is enough to add them on our scam blacklist. Hopefully, relevant authorities will look into this and shut their whole operation down. Stay safe and ignore all their pleas to sign up with them. This broker promises heaven only to deliver hell!
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Lastly, we wish you well in your Forex trading experience.
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