Jumpyle FX is a forex broker officially registered on March 8, 2024. The broker primarily offers a range of trading markets through its proprietary trading platform, including forex, metals, commodities, indices, etc. It does not operate in the United States, Iran, and North Korea, among other locations.
Company Registration Information and Regulatory Status:
Public information on the Jumpyle FX official website shows that its corporate entity is Jumpyle FX Limited, headquartered in the United States. The broker is regulated by the Australian Securities and Investments Commission (ASIC) and the Vanuatu Financial Services Commission (VFSC), with license numbers 296805 and 700455, respectively. Moreover, Jumpyle FX is a registered member of THE FINANCIAL COMMISSION.
Upon verification, the ASIC official website shows that license number 296805 belongs to DLS MARKETS (AUST) PTY LTD, and the VFSC official website shows that license number 700455 belongs to DLS MARKETS LIMITED. Also, THE FINANCIAL COMMISSION does not list Jumpyle FX as a registered member, but DLS MARKETS is found in the member directory. Therefore, it is confirmed that Jumpyle FX is a clone site of DLS MARKETS, and the platform is a scam.
Furthermore, the "Terms and Conditions" page on the broker’s official website only displays icons, and the documents cannot actually be opened, whereas the legitimate website of DLS MARKETS provides accessible documents.
Account Opening:
To open an account with Jumpyle FX: Visit the broker’s official website, click "Open Account" to enter the registration page, fill in your personal email address and set a login password to submit. After submission, the account is successfully registered. Complete the full KYC verification to make deposits and trade.
Account Types:
Jumpyle FX offers two different types of real trading accounts: STANDARD ACCOUNT and ECN ACCOUNT.
STANDARD ACCOUNT
- Minimum deposit amount: $200
- Spread: Starting from 1.0 pips
- Maximum leverage: 1:500
- Commission: $0
ECN ACCOUNT
- Minimum deposit amount: $200
- Spread: Starting from 0 pips
- Maximum leverage: 1:500
- Commission: $6 per round trip
Trading Platform:
Jumpyle FX claims to offer the MT4 trading platform on its official website, but in actuality, it uses a proprietary trading platform, and the broker is not found on MT4.
Deposits and Withdrawals:
Jumpyle FX supports deposit and withdrawal methods such as credit/debit card, e-wallet, and bank wire transfer.
Conclusion:
Traderknows reminds investors that Jumpyle FX is a fraudulent website of the shell broker DLS MARKETS. Investors are advised to choose brokers with transparent information, strong regulation, and a good reputation for their investment and trading activities to avoid unnecessary financial losses.
Currently, this broker is marked as "suspected fraud" on Traderknows.
