SSJTCF Review: Non-Transparent Forex Trading Scam, Be Wary
We can immediately say no if you’re wondering whether SSJTCF is a genuine Forex broker. The company lies about its regulatory status, headquarters, and probably much more.
However, we don’t expect you to take our word for it. Read this detailed SSJTCF review and find out all the details.
|Is This Company Safe?||It’s not safe|
|Have Warnings from:||N/A|
|Registered in:||UK (allegedly)|
|Trading Platforms:||Proprietary app|
|Trading Assets:||Forex, commodities, indices, cryptocurrencies, stocks|
|Free Demo Account:||Yes|
|How to Withdraw from This Company?||Since this company is unlikely to return your money – contact your bank, a financial regulator, or simply reach out to us for professional assistance in recovering your funds.|
Is SSJTCF Legit Forex Trading Brokerage?
SSJTCF says to be a brand of SSJTCF Group Limited, with headquarters in London, UK. However, they also claim to be regulated by the US MSB. Now, first things first. Forex brokers registered in the UK need to be licensed by the local authority, FCA. And their register contains no information about such a firm.
Furthermore, MSB or Money Service Business is not a regulator but a proof of registration with the US FINCEN, an organization fighting against money laundering. CFTC and NFA must authorize brokerage firms to conduct business legally.
Therefore, everything stated by this broker is bogus. Read on, and don’t fall victim to the SSJTCF scam.
Who Are the Victims of SSJTCF Broker?
SSJTCF website domain was registered in January 2023. And yet, the company claims to be in the business since 2018. It’s another red flag in the long line of many.
According to website traffic analysis, the majority of their victims come from:
The company is advertising mainly in these countries, which doesn’t surprise, considering that they faked a US license. Be wary and know that the business has no authorization to solicit investors or handle customer funds.
User Feedback – What Traders Have to Say?
At the time of writing, we found only 14 comments on Trustpilot. However, this was enough for us to conclude how the broker conducted the scheme.
According to reviews, the company uses WhatsApp and social media to contact potential prospects. Usually, it all starts like a big romance where one side is proposing investment to the other, aiming to help their financial situation. Then, company agents mislead customers into trading with SSJTCF under fake regulatory confirmations.
We don’t need to tell you what happens next. Unsuspecting victims are finding themselves without a penny. There are many companies out there, including XLNTrade, who are employing the same system. Stay on the lookout.
Trading Features – Platforms and Assets
Since the company is not actually regulated, none of its features are important. However, we did a brief overview. And we weren’t impressed.
SSJTCF Trading App
The company developed its own trading software, SSJTCF. It’s an app compatible with Windows, iOS, and Android devices. However, it has no special features such as social trading or EAs. In fact, you can open several order types, check your trading history, and deposit more money.
If the brokerage were legit, they might cooperate with trustworthy platform providers such as MT4, MT5, or cTrader. Sadly, they don’t.
Available Trading Assets
You can trade in five major markets:
- Currency pairs – EUR/USD, GBP/AUD, SEK/JPY
- Commodities – gold, silver, natural gas
- Indices – FTSE100, DAX30, CAC40
- Shares – Tesla, Netflix, Amazon
- Cryptocurrencies – BTC, BCH, USDT
SJJTCF Demo Account
There are no dedicated account types, nor do we know the minimum deposit necessary to register your account. All we know is that the company offers a risk-free Demo account with up to $1,000,000 in virtual funds. However, it means nothing, considering you won’t avoid the scam.
Leverage and Trading Commissions
As expected from a bogus broker, trading terms are hidden. We don’t know how big leverage they offer or how much you’ll have to pay for trading commissions, swaps, and spreads.
The website advertises low costs, but we’ve already proved that nothing you read can be trusted. Therefore, we advise you to avoid this company regardless of what their sales agents might promise you.
Customer Support – Can I Get Help?
Another red flag is the lack of means of communication. The only way to contact the company is through email, which means you have to sit tight and wait for their response. Furthermore, it means you don’t have any instant way to get in touch if something goes wrong.
All in all, the SSJTCF support team is not easily reachable. Probably on purpose, considering that many customers are reporting withdrawal issues.
SSJTCF Withdrawal Procedure
Speaking of withdrawals, we tried to understand how you can get your profit from your trading account. Sadly, we didn’t find any information about fund transfers on the broker’s website. In all the boasting about transparency and legitimacy, this firm forgot to mention how you can get a payout.
We don’t know if you’ll pay any commissions on the transfer and whether you can use traditional methods, such as credit cards and bank transfers. All in all, you have to risk it all and deposit it to find out how to receive your money back.
What to do If I Was Scammed By SSJTCF Group?
Let us know if you find yourself scammed by SSJTCF or any other trading brokerage. Our chargeback experts are here to assist you with this matter and evaluate your case in detail.
Don’t let scammers keep what’s rightfully yours. Let’s check what can be done, and let’s do it quickly, before the firm vanishes with your money. Book a free, non-obligatory consultation today.
What Is SSJTCF?
SSJTCF is an unregulated online trading brokerage. In case you have any trouble with your trading account, contact us immediately for help with recovery.
Does SSJTCF Offer a Demo Account?
SSJTCF claims to offer a risk-free Demo account with $1,000,000 in virtual funds.
Are My Funds Safe With SSJTCF?
Considering that the company lied about its headquarters and licenses, your money is not safe with SSJTCF.