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Score
Australia
15-20 yearsRegulated in Australia
Institution Forex License (STP)
Suspicious Scope of Business
High potential risk
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Comparison
Expose
Exposure
Score
Regulatory Index4.94
Business Index8.88
Risk Management Index0.00
Software Index4.44
License Index3.05
Single Core
1G
40G
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Company Name
JFM Online Trading Broker
Company Abbreviation
JFM
Platform registered country and region
Australia
Company website
Company summary
Pyramid scheme complaint
Expose
JFM, a forex broker that has claimed to have been operating for an extended period, around 20 years, has become elusive and virtually untraceable on the internet. Despite being registered in Australia, the firm's online presence appears to have vanished, leaving prospective and existing clients with little to no information about the company's current status, operations, or regulatory standing.
JFM is regulated by the Australia Securities & Investment Commission (ASIC) with Institution Forex License (STP) under license no. 314585. This means this brokerage operates in a legal scope, which could add an extra layer of security for this broker.
JFM's official website at http://en.jfm-fx.com/ is currently non-functional. When attempting to access this URL, the page fails to load properly. Nothing can be found on its official website.
JFM, a regulated forex broker, has unexpectedly ceased its business operations due to undisclosed reasons. While the firm was previously registered and licensed, it should be an ideal choice for investors who want to involve trading activities. More transparent and reputable forex providers should be considered before considering JFM as a trading partner.
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