de | cn | ru

JBCapitals Review - is it scam or safe?

JBCapitals Review - is jbcapitals.com scam or good forex broker?

RATING: 1 / 2 REVIEWS ForexBrokerz JBCapitals
JBCapitals is an offshore broker. Your money is not safe.

RECOMMENDED FOREX BROKERS

Scammed by JBCapitals ? Click here!

Trading Accounts & Conditions

 

Account type

Deposit

Maximum leverage*

Spread

Micro

Up to 0.5 BTC

1:20

N/A

Mini

Up to 2 BTC

1:25

N/A

Silver

Up to 10 BTC

1:30

N/A

Gold

Up to 20 BTC

1:35

N/A

Diamond

Up to 45 BTC

1:40

N/A

VIP

More than 45 BTC

1:50

N/A

 

*As announced on the broker’s website.

 

Although it seems that JBCapitals is trying to present itself as a crypto exchange, the broker in fact offers trading in various CFDs with a clear focus on cryptocurrencies. Traders can allegedly sign up to one of the accounts listed above, however, we would not recommend any of them. Although we have major concerns regarding JBCapitals, we will start off with a few possible benefits of using this broker.

 

 

JBCapitals Advantages

 

Many CFDs offered, various pairings

Clients of JBCapitals are able to trade various assets arranged in six categories: Crypto vs Crypto, Crypto vs USDT, Indices vs BTC, Commodities vs BTC, Specific stocks vs BTC, and assets vs USDT. However, the broker does not offer any forex pairs for trade.

 

Leverage provided

According to the information on JBCapitals’ website, the maximum leverage ratios provided range from 1:20 to 1:50 on different account types. These are quite high levels for volatile assets such as cryptocurrencies. That being said, on the broker’s platform the leverage levels available for all pairs are 1:5.

 

 

JBCapitals Disadvantages

 

Not licensed, blacklisted by CNMV

JBCapitals is allegedly owned and operated by STORM COMPLEX LTD and the broker’s website features an address in Switzerland, as well as registered address in Bulgaria.

 

Click on the image to view larger.

 

However, we did not come across any explicitly-stated regulation on JBCapitals’ website, which is quite disturbing. CFD providers in Bulgaria have to be licensed either by the local Financial Supervision Commission, or by the relevant authorities in another EU Member state.

The missing regulation brings together with it uncertainty regarding the most crucial aspect of a brokerage – the safety of the clients’ funds. Also, brokers that don’t hold a legit forex license are not entitled to operate on any regulated financial market, such as the EU, US, Canada, Japan, etc. Nonetheless, it seems that JBCapitals illegally targets European investors, so it isn’t surprising that it was flagged by the Comisión Nacional del Mercado de Valores (Spain) as a potential scammer.

 

Related to a group of shady brokers

STORM COMPLEX LTD. (previously Zed Consult Ltd.) also operates shady brokerages Xcoinbroker and Mcoinmarket, the offering and websites of which are almost identical to that of JBCapitals. Considering the number of complaints submitted as comments of our reviews, both Xcoinbroker and Mcoinmarketare engaged in fraudulent practices, so you’d better stay away from all these scammers.

 

Trading conditions not clear, no demo accounts

On top of the lack of financial regulation, JBCapitals has not announced any reference spreads another warning sign. Furthermore, the broker does not offer free testing service, so its pricing is not transparent at all.

 

Platform and spreads not that good

Just like XCoinBroker, JBCapitals offers its services on an oversimplified web trading interface we have dubbed “Scamex”, as it is only used by shady unregulated brokers. While the charts can be turned into candlestick ones, at heart this is a binary options platform. Other brokers have used it to provide both services. Here is a preview:

 

Click on the image to view larger.

 

This trading interface cannot be compared to the popular MetaTrader4 platform with its advanced features, such as the great charting and the automated trading options by the highly praised Expert Advisors.

 

>> Trade with a MT4 broker instead? <<

 

 

Furthermore, as you can see from the above image, JBCapitals’s spread on BTC/USDT is exceeding $50, which is on the upper end of average for the sector.

 

No forex trading

This is a minor flaw when compared to the previous disadvantages of this broker, but yet we must mention it. One cannot trade forex with JBCapitals, even the most popular and liquid currency pair, EUR/USD, is not offered by this broker.

 

 

Conclusion

 

Although we listed a few advantages of JBCapitals, they are definitely overshadowed by the plethora of disadvantages of this crypto CFD broker. The worst part are that they is not regulated and might be involved in scam, so if you are into digital assets like Bitcoin, check out our list of reliable brokers that offer trading in Bitcoin and are tightly regulated:

 


>> Licensed brokers, offering Bitcoin and more <<

 

 

 Let’s sum up the Pros and Cons of JBCapitals in a few words:
 

Pros

Cons

Various CFDs, many coins

Not regulated, warnings against it

Leverage provided

Related to a group of shady brokers

 

Trading conditions not clear, no demo accounts

 

Scamex platform, spreads not that good

 

No forex trades

 

Latest news about JBCapitals
Forex
Broker Country Regulation Platform Min Deposit Review
Cyprus, UK, Mauritius CySec, FCA, FSC MT4, MT5, Web $10 Review Website
Cyprus, SVG CySEC MT5, Web,
cTrader
$100 Review Website
Australia, Cyprus ASIC, CySEC MT4, MT5, Iress $100 Review Website
Cyprus, Australia CySec, ASIC MT4, MT5 $5 Review Website
UK, Australia, South Africa FCA, ASIC, FSCA MT4, Trading
Station,
NinjaTrader
$50 Review Website
UK, Cyprus, UAE, South Africa FCA, CySEC, DFSA, FSB MT4, MT5, FxPro
Markets,
cTrader
$100 Review Website
Cyprus CySEC MT4, MT5, Web $1 Review Website
Belize IFSC MT4, MT5 $100 Review Website
Cyprus, UK, South Africa, UAE CySec, FCA, FSCA, DFSA MT4, MT5, Web $5 Review Website
Cyprus, UK CySEC, FCA MT4, MT5 $1 Review Website
UK FCA MT5 $5 Review Website
UK FCA MT4, Web, MT4
for Mac
$100 Review Website
Australia, UK ASIC, FCA MT4, MT5,
cTrader
$200 Review Website

Traders` reviews for JBCapitals

Spread

Pros

Cons

 

 

Slippage

Pros

Cons

 

 

Requotes

Pros

Cons

 

 

Price feed

Pros

Cons

 

 

Platform

Pros

Cons

 

 

Deposit/Withdraw

Pros

Cons

 

 

Customer service

Pros

Cons

 

 

Summary

Pros

Cons

 

 

scam

They are a scam, they kept ringing me and asking for more money, they are now ignoring my emails although my account is still active. I can't get my money out.

Avoid at all costs

David Izen 08/20/2019
de | cn | ru