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AC-507350
JMTrade
⚠ Flagged on the register · High risk
We checked JMTrade against the AskCheck register. It has been reported (2023) and carries the red flags below. Treat it with extreme caution.
Why it’s flagged
⚑ Unregulated / unlicensed
Named in relation to SVG FSA
What we found
JMTrade claims to be licensed and authorized by the Ministry of Commerce in the State of Kuwait. However, this authority does not regulate leveraged forex trading. Furthermore, JMTrade fails to disclose any authorization from a recognized financial regulatory body overseeing forex activities. The absence of legitimate, transparent regulatory oversight poses a significant fraud risk to investors. Therefore, JMTrade is highly likely to be a scam.
Assessment source: FastBull BrokersView.
What to do next
- Stop sending money. Don’t make another deposit, pay a “tax” or “release fee”, or share remote-access to your device.
- Gather your evidence. Save statements, chat logs, transaction IDs and the wallet addresses you paid to.
- Report it to your regulator and to local police / action-fraud line so it’s on the official record.
- Add your report here so the next person searching this name is warned — report JMTrade.
- Verify on the register. Cross-check the full entry on the SentFunds register before you trust anyone offering to help.
Beware recovery scams. After a loss, fraudsters often return posing as “recovery agents” who guarantee your money back for an up-front fee. AskCheck is a free public checker — we don’t recover funds and we don’t guarantee funds can be recovered. Never pay anyone who promises a guaranteed recovery.