Enter the mesmerizing world of Jetbitx, the broker that claims to offer an unmatched trading experience. But beware, as our investigation reveals, the website lacks a legitimate forex license and credibility, which raises suspicions of a potential scam.
Despite their claims of an exceptional trading platform with diverse trading options, including forex, shares, indices, commodities, and crypto, we advise you to reconsider and read on to learn more. Let’s hop into this Jetbitx review below!
|Broker Type||FX, Crypto|
Jetbitx License and Regulations
Legitimate brokers have clear and detailed information on their sites about their ownership, location, and licenses. They also offer wide legal documentation. However, scammers often lack this information.
In the case of JETbitX, the company’s name and contact address are unknown. The Terms and Conditions don’t mention a legal entity, and the registration form mentions a different brand name, Crypto-Royal. These exceptions are typical of deceitful websites.
The Estonian Financial Supervision Authority database doesn’t contain any authorized financial services providers using the trade name and domain of JETbitX. If you’re planning to invest, you should be cautious of the numerous fake brokers online. It’s critical to thoroughly check if the broker you choose has the necessary licenses.
Trading Platform Overview
JETbitX’s web-based trading platform is suspicious as it offers only crypto assets and lacks advertised forex, commodities, and other financial instruments. Yes, it can place orders.
Yet, it pales in comparison to industry-standard platforms like MT4 and MT5, which offer extensive features such as customization options, multiple account usage, custom scripts for automated trading, and trade strategy backtesting. Scammers often use basic trading software to deceive investors into thinking their money is being invested. Keep this in mind.
Trading Instruments Offered at Jetbitx
Jetbitx only offers crypto on its web-based trading platform. While cryptocurrencies have gained popularity in recent years, they are only a small fraction of the vast range of financial instruments available on the market. The absence of other instruments such as forex, commodities, and stocks raises suspicions about the legitimacy of Jetbitx as a broker.
Therefore, if you are an experienced trader or an investor, you may find Jetbitx’s offering insufficient for your needs. It is always recommended to conduct thorough research and analysis before choosing a broker to trade with. This includes verifying the broker’s licensing and regulatory status, examining the range of financial instruments, and evaluating the platform’s features and capabilities.
Deposit and Withdrawal
According to Jetbitx, you have the option to deposit your funds through VISA, Mastercard, OK Pay, and bank wire transfers. However, we were unable to confirm this ourselves as our trading account was not immediately approved.
We feel obligated to warn you that deceitful websites, such as Jetbitx, will typically encourage you to deposit your funds using crypto like BTC, and for good reason. By depositing crypto coins, it’s much harder to retrieve your lost funds. Furthermore, it is impossible to determine with certainty who owns the Bitcoin wallet to which you are sending your money.
Alternatively, if you deposit your funds through a more established method, such as VISA or Mastercard, and experience an issue, you have the option of initiating a chargeback with the bank that issued your debit or credit card. Therefore, we highly recommend that you take immediate action and file a chargeback if you find yourself dealing with unregulated scammers like Jetbitx.
How Do Offshore Brokers Implement Their Scam?
Offshore brokers are notorious for implementing sophisticated scams to swindle people. One common tactic used by these unscrupulous brokers is to create an illusion of legitimacy by setting up a professional-looking site and promising unrealistic returns on investment.
They often use high-pressure sales tactics to lure their victims in. They offer exclusive deals and time-sensitive offers. Once they have secured an investment, these brokers may manipulate the market by artificially inflating or deflating prices, leading to great losses for the investor.
Another tactic employed by offshore brokers is to make it difficult for investors to withdraw their funds, often citing complicated terms and conditions or requiring extensive documentation.
These scams can be devastating, leaving investors with hardly to no recourse to recover their lost funds. It is crucial to exercise caution when dealing with these brokers and to thoroughly research any opportunity before making a financial commitment.
Top Forex Brokers
Before choosing a broker, it’s essential to do your due diligence and ensure they offer services that meet your specific needs. This goes without saying! Take the time to research and compare different brokers to find the best fit for you. The table below provides a helpful overview of different legitimate brokers and their offerings. Let’s take a closer look!
|FXTM Broker||Cyprus, UK, Mauritius||4.5||$10||Forextime.Com|
|OctaFX Broker||Cyprus, SVG||4.4||$100||OctaFX.Com|
|FP Markets Broker||Australia, Cyprus||4.7||$100||FpMarkets.Com|
|XM Broker||Cyprus, Belize, Australia||4.7||$5||XM.Com|
|HFM HF Markets Broker||Cyprus, UK, South Africa, UAE, Kenya||4.3||$5||HFM.Com|
|FBS Broker||Cyprus, Belize, Marshall Islands||4.85||$100||FBS.Com|
Jetbitx is an online platform that claims to offer trading services for many financial products, including crypto. However, there are concerns about the legitimacy of the platform, with some suggesting that it may be a fraudulent operation. It is said that anonymous scam websites like Jetbitx often encourage investors to deposit funds using cryptocurrencies.
This can make it difficult to recover funds. On the other hand, depositing funds through more conventional methods like Visa or Mastercard may provide more security and a chance of recovering funds through a chargeback. Therefore, it’s wise to exercise caution when dealing with offshore brokers like Jetbitx and conduct thorough research before investing any funds.
FAQs About Jetbitx Broker
Is My Money Safe with Jetbitx?
There are concerns about the legitimacy of Jetbitx, so it’s significant to exercise caution and do thorough research.
Is Jetbitx Regulated?
Broker has no information suggesting that Jetbitx broker is regulated by any reputable financial authority.
Does Jetbitx Offer a Demo Account?
There is no data indicating that Jetbitx offers a demo account for potential investors to test the platform.