CJC Markets is an Australian-based brand that appears to be legitimate. However, you should know all the facts before you give your money away. Let’s start with the CJC Markets review and see if you should open an account with this brokerage or not.
|Owned by:||CJC Markets PTY LTD|
|Headquarters Country:||Australia / Saint Vincent and the Grenadines|
|Cryptocurrencies:||Yes – BCH, LTC, BTC – total 4|
|Types of Assets:||FX, commodities, indices, shares, cryptocurrencies|
|Free Demo Account:||No|
|Accepts US clients:||No|
CJC Markets Regulation and Security
CJC Markets is a brand of Australian regulated company CJC Markets PTY LTD. The company is regulated by ASIC and has another entity in Saint Vincent and the Grenadines. According to the company’s website, they have a derivative license by Canadian FINTRAC. The license belongs to an entity under the name CJC Markets Co., another sub-company of CJC Markets PTY LTD.
However, we still have our suspicious regarding the broker since many of the trading conditions are not disclosed.
Fund Withdrawal Issues
All the clients that would like to start a trading account with CJC Markets need to deposit a minimum of $1,000. Many regulated brokers are allowing you to begin with as low as $100. Since the broker has no Demo account, it’s pretty unfair to expect such a high deposit, especially for beginners.
On the other hand, the broker has an offshore entity, which is never good. All the clients outside of Australia are assigned to the company from Saint Vincent and the Grenadines, which is not regulated at all. It means that your funds are at tremendous risk with such a brokerage.
According to CJC Markets reviews by investors, some of them experienced severe withdrawal issues. They were asked to submit many documents, transferred from one support team to another, only to be declined for the money. Why? Because, allegedly, they haven’t provided all they were asked for. If they are too persistent, the company simply blocks their account.
According to traders’ reviews from eminent websites, such as Trustpilot, the company has issues regarding its trading platform. Specific clients say that brokers have some stopped-out trades that they don’t care to resolve, resulting in clients losing money. After several complaints, the problem was not solved. Also, clients are reporting that the broker has numerous fees and holdings costs that are draining your account, and in the end, there is nothing to withdraw.
Do not fall for the CJC Markets scam.
How Can You Be Scammed Online?
If you have experience with CJC markets or any other trading brokerage, you know that everything starts from a trading advertisement. After you submit all of your personal details, the company’s employees give you a call, sort out your documents, and guide you to make an initial deposit. According to reviews, we’ve read, the ad of CJC Markets shows you need a minimum of $250, while their website requires $1,000 for the Standard account. One of the reasons we believe CJC Markets Global is yet another illicit broker.
After you invest your funds, some account manager will pursue you to make further investments to make more profit. And the more you invest, the more you will be asked for.
In the case of CJC Markets, you can experience issues with a trading platform, hidden fees and commissions, and withdrawal issues.
Once you submit a complaint, their support will tell you it will be resolved, just to suspend your account and prevent you from accessing your funds. That is, unfortunately, the case with most brokers that have an offshore entity and do not belong to any regulatory supervision.
Scammed by CJC Markets?
If you were scammed by CJC Markets or any other fraudulent brokerage, do not hesitate to report it. You are entitled to file a dispute and request a chargeback.
But what is a chargeback? A chargeback is a way to refund your card in case you were scammed online. It’s a legal process that requires certain expertise.
Contact our support team via chat and book your free consultations. You will get all the information regarding the refund procedure. Let’s get your money back today!
What is CJC Markets?
CJC Markets is an online trading brokerage from Australia, with an entity in Saint Vincent and the Grenadines.
Is CJC Markets a scam?
According to investors’ reviews, there are numerous issues with CJC Markets brokerage.
Are CJC Markets regulated?
CJC Markets from Australia has ASIC regulation, while their offshore entity is not regulated.
Are CJC Markets available in the USA?
CJC Markets does not provide financial services to USA residents.