Just Perfect Markets Review Is This Broker Safe Or A Scam

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Just Perfect Markets Review: Is This Broker Safe Or A Scam?

Justperfectmarkets.com Review: this is the name of a Forex and CFD broker that is located in the offshore location of, St Vincent and Grenadines. Is Just Perfect Markets a legit Forex broker? Since this is an offshore based brokerage, funds safety is not assured. Find out more about this company.

The most vital part of our reviews is the uncovering of if a company or Forex broker is properly licensed or not. To do this, we first establish the location or region where it claims to be based. Then we check with the commission or authority regulating trade there whether it is listed among regulated companies or not.

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Just Perfect Markets mentions on the website that it is located in St Vincent and Grenadines, which is an offshore location. Forex trading goes on without proper regulation in this kind of location making it a choice base for scam companies. Trading with a Forex broker that is unlicensed pose many dangers to traders’ funds. Misappropriated funds may not be recoverable by the government as well.

Unlicensed brokerages are not under any rules of traders and this puts traders in more risk than they will be in if they had chosen properly licensed ones.

Advantages of Just Perfect Markets

There are some advantages published on the page of this broker that we would like readers to be aware of. It offers ultra-low spreads, 250 trading instruments, affordable minimum deposit, high leverage, immediate withdrawals and deposits, and 24/7 customer support. All these allow traders trade well and make profit.

It is common for Forex brokers to start out with claims of making clients richer. This is because everyone seeking out easier ways to trade effectively does so to make more profit.

However, traders need to be careful about believing everything they encounter in the business sphere. Some are geared to just deceive and steal their funds. Considering what is offered and proofs are effective means of discovering fraud as well as reading our reviews and comparing the offers to those of other legit brokers at the bottom of this article.

Traders can trade anywhere and at any time when they use the trading platform of this broker. Swap free accounts are also available.

Just Perfect Markets Trading Platform

Just Perfect Markets offers traders the MT5 trading platform. We advise readers and traders to always look out for the MT4 or MT5 platforms. The MetaTrader platforms are commonly used because they allow the use of trading robots.

Legit brokers are known to offer at least the popular MetaTrader 4 or 5 trading platform.

These platforms are very good signs as they have become some of the most widely used by experienced traders. They are found to be compatible with various devices’ operating system. All can be used on desktops, Linus, windows, iOS and Android.

Tools that comes with these trading platforms are also found to be useful for traders. It has proven to be user friendly as well and helps traders in analyzing the market easily.

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Trading instruments offered to traders are: 38 currency pairs, cryptocurrencies, indices, metals, shares, and commodities like oil, gas and agricultural produces. We know that legit brokers offer currency pairs, indices, CFDs on many commodities and cryptocurrencies. It is important to let traders know the options open to them.

Maximum leverage offered to clients is 1:500 and while this may seem generous, it is not advisable. High leverages can lead to huge loss of funds as well. Spreads are 2 pips on the EURUSD pairs.

Spreads of 1.5 pips or below are what is obtainable in the forex industry and traders are asked to look out for this. Leverages of between 1:30, 1:50 and 1:25 are also common among regulated brokers.

Deposit and Withdrawal methods on Just Perfect Markets

The means that traders are to use to make deposits and withdrawals are numerous and some of them includes: UPayCard, FasaPay, Neteller, Skrill, SticPay, Qiwi and AstroPay. We are surprised we didn’t see VISA, MasterCard and Bank Wire among the options.

This is because standard and legit brokers make deposit and withdrawals available via Visa, MasterCard and Wire Transfer. Many offer e-wallets like: Skrill, Neteller, UnionPay, FasaPay, and so on.

Minimum deposit required is $10 and this is within the obtainable of average of $100 to $250 that is common among legit brokers. Withdrawal fees are not mentioned and this may be because they do not apply. However, we will appreciate it if this is stated.

There is a bonus of 30% offered to traders on making deposits. We find this to be more of a disadvantage because bonuses are commonly used to tie down the funds of clients by scam brokers. They attach ridiculous and unattainable withdrawal conditions after giving traders bonus.

This information is important so that clients can invest any little amount they can spare. In order to be able to first watch the working of the brokerage. If then they are satisfied with what they see, they can determine when to withdraw their money.

Is Just Perfect Markets Licensed?

No. Just Perfect Markets is not a properly licensed and registered broker. Even if anyone comes across a mention of licensing from this firm, so long as it is based in the offshore location, it is not likely to be a trustworthy one.

Regulated Forex brokers in Europe, America, Africa, Australia, and Asia are under many strict rules. The regulatory bodies like the FCA, FSCA, CySEC, AISC, NFA and many others have regulations protecting Forex traders from unfair brokers. This is why they come top as recommended Forex brokers.

Support

To get in touch with a representative of the client support, dial: +80 3 2742 0433.

Conclusion

Just Perfect Markets is not a licensed broker so we will give it a low rating. The offshore location like was stated is also a red flag. We also found trading bonus and we have always warned readers to avoid brokers offering welcome bonus. If you have anything to say about this broker, do so in the comment section.

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Just Perfect Markets Review

Just Perfect Markets regulation.

A broker must pay for regulated licenses to be able to offer trading. Just Perfect Markets doesn’t pay for licenses but it does offer trading which is prohibited by law.

Your money isn’t safe with Just Perfect Markets.

To be able to offer trading, you must buy a regulatory license from a country where you want to settle. If you offer trading without licenses, you don’t respect the laws and become a fraudulent broker. Brokers who don’t have regulated licenses like Just Perfect Markets will not give you your money back because they are outlaws.

Based in a country with weak regulations

Just Perfect Markets is based in a country where the regulations are weak regarding trading. Countries like the Marshall Islands,Vanuatu, Seychelles, Saint Vincent and the Grenadines, Bermuda and Bulgaria are deemed to be the location of fraudulent brokers because the legislation is weak or nonexistent.

Never trust the broker.

It’s essential to always check the licenses of a broker because fraudulent brokers lie to make you deposit the maximum amount of money. If you unfortunately deposit your money and are asked to pay a fee to withdraw your money, don’t do it because you will give them even more money.

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Our Verdict

Just Perfect Markets is a scam that doesn’t have regulated licenses. We advise you to avoid this broker if you don’t want to have a problem. If you have been a victim of this broker, don’t hesitate to leave us a comment to report this broker and avoid other people from being victims.

Just Perfect Markets Review: Is This Broker Safe Or A Scam?

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