Jbex Review: What We Know About The Exchange – Key Facts
Jbex Review: What We Know About The Exchange – Key Facts

Jbex, also known as Jubi, was founded in 2013, emerging as one of the pioneering digital asset platforms. It was acquired by Uniweb Group Singapore in 2020. 

According to the website, by March of that year, Jubi had secured an exemption for operational rights from the Monetary Authority of Singapore (MAS), which we honestly doubt is true. Read our Jbex Review to learn the truth but also inform yourself about the fund recovery methods we offer.

Regulated by: Unregulated Crypto Exchange
Is This Company Safe? No
Known Websites: jbex.com 
Have Warnings from: N/A
Registered in: Singapore (allegedly)
Operating since: 2013
Trading Platforms: Web
Maximum Leverage: 0.1%
Minimum Deposit: N/A
Deposit Bonus: N/A
Trading Assets: Cryptocurrencies
Free Demo Account: Not Available
How to  Withdraw from This Company? Since this company is unlikely to return your money – contact your bank, Financial Regulator, or simply Reach out to us for professional assistance in recovering your funds.

Legal Info: Is the Jbex exchange legit?

Jubi’s website claims that this exchange “obtained the exemption of operation right from the Monetary Authority of Singapore.” However, if you check the MAS database, you will find no such institution there. You won’t find it in any other register either.    

So Jbex is unregulated, just like another shady platform we covered – Exobit. Therefore, please avoid this exchange and instead try to find a licensed provider. 

We recommend any company that is licensed to operate under the supervision of top-tier financial market authorities such as the FCA (UK), CFTC & NFA (US), ASIC (Australia), IIROC (Canada), MAS (Singapore), BaFin (Germany), etc.

Need help finding the right platform for you? Do not hesitate to contact us. 

Who are Jbex’s Users?

According to godaddy.com/whois, the jbex.com website domain was created in 2005 but updated in 2022. The company states that it was founded in 2013. Nevertheless, the crypto exchange has been providing services mainly to traders residing in the following countries:

  • United States;
  • India;
  • Japan;
  • Spain;
  • Indonesia.

Needless to say, the Jubi exchange has no authorization to accept clients from these states. If you choose to invest in the platform, you cannot count on the help from your regulator.

The data from webparanoid.com also shows that Jbex is an old website but not a popular one. Should you experience issues with this platform, please inform us about it and book a consultation so we can launch the fund recovery procedure.

Trader Reviews – What Do Users Think About Jubi?

Trader reviews are important when assessing whether a trading platform is good or not. As for Jbex, it wasn’t easy finding trader reviews. On revain.org, the company received 11 reviews and an average rating of 2.1 (poor). There are many complaints and scam allegations. More negative reviews can be found on scamadviser.com.  

After reading the reviews, we concluded that Jubi isn’t safe at all. Always check what others say about a certain company before investing your funds. If there are no reviews, avoid the platform.  Also, do some research about how global events shaped the Forex Trading Market as well as the crypto world.

Trading Platform – Is It Effective?

Jbex offers a simple browser-based trading platform. It features a wide range of popular cryptocurrencies that can be traded against USD Coin or US Tether. Also, the website mentions spot and futures contract trading. Aside from the online version of the trading terminal, the company also offers a mobile trading app for Android and iOS devices.

Although the web platform may suit beginners, intermediate and seasoned traders will not benefit from simple charts and graphs. A big disadvantage is that Jbex did not include advanced trading software such as MT4.

Trading volatile assets such as cryptocurrencies is risky per se, let alone doing it on an unregulated exchange that received numerous complaints. 

Having trouble withdrawing your funds from Jbex? We can help you.

JT Token – Features and Volume

The circulation of JT (Jubi Token) currently stands at 70,980,800.5653 JT, with 29,019,199.4347 JT destroyed, out of a total issuance of 1,000,000,000 JT. The JT ecosystem offers several benefits.

For instance, eligible JT holders can enjoy discounts on popular projects and exclusive quotas for new projects, fostering subscription and innovation within the ecosystem. 

Also, various platform welfare activities are exclusive to JT holders, providing additional benefits and excess returns for those engaging in recharge transactions.

Fee Structure

Here’s an overview of the trading fees:

  • Maker fee: 0.2%;
  • Taker fee: 0.2%.

For JT holders with at least 1 JT in their account, the trading fee rate for the following 17 trading pairs will be reduced to 0.1%:

As for contract trading fees:

  • Maker fee: 0.03%;
  • Taker fee: 0.03%.

(Except for the taker rate of LINK, TRX, ATOM, DOT, NEO, FIL, UNI, SUSHI, YFI, ADA, ZEC, and XMR, which is 0.075%). The position management fee for leveraged ETFs is 0.1%.

Deposit and Withdrawal Process

The deposit and withdrawal fees are zero, i.e. Jubi doesn’t charge payment fees. But, is there a way to get your deposited funds back if you notice that the company is up to no good?

Sure there is. Since Jbex is unlikely to respect the refund policy and fulfill your withdrawal request, you must use alternative methods to get your funds back. You’re going to need professional help though.

We can assist you by tracing your crypto payment using CipherTrace, an advanced tracing software. Once we locate the wallet that received your payment, you can request a refund from the exchange. 

Key Information To Consider About Jbex

To sum up our review, Jbex is an unregulated crypto exchange that has been active for about a decade. The main targets of this company are traders from the US, Indonesia, India, Japan, and Spain.

Our verdict is that Jbex is not a trustworthy exchange. You should avoid it and even report it to the authorities. If you have lost money to Jbex and cannot retrieve it on your own, we offer our professional services and assistance. Book your free consultation with us today!

Let us know if Jbex scammed you.

FAQ Section

What Is Jbex?

Jbex is an Asian crypto trading exchange claiming to be based in Singapore. However, the platform is unregulated.

How Does Jbex Work?

Jbex works like any other crypto exchange; you can buy and sell crypto tokens. Many traders reported issues though.

Is Jbex Trustworthy?

No. Jbex is not regulated, plus traders complained a lot. If you lost money to Jbex, we can help you recover it.


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