Jupiter MnX is a forex broker with its official website domain registered on June 21, 2023. It primarily offers financial trading services, including forex, indices, energy, metals, and CFDs, but the company's headquarters location is unknown. The broker's website mainly supports English services and does not provide services to residents of the United States, Canada, Belgium, and countries/regions on the FATF blacklist.
Company Background and Regulatory Status:
According to the information on the official website, Jupiter MnX is registered with the Financial Services Authority of Saint Vincent and the Grenadines (SVGFSA), and the registered entity is Jupiter MnX LLC, with registration number 1449 and a registered address at Suite 305, Griffith enterprise center, Beachmont, Kingstown, Saint Vincent and the Grenadines. However, upon inquiry, no company entity named Jupiter MnX LLC with registration number 1449 can be found in the SVGFSA records. Therefore, Jupiter MnX is an unregistered entity and operates an illegal website without any regulatory oversight.
Account Opening:
To open an account with Jupiter MnX, you need to register on their official website. The registration process involves providing your name, email, phone number, country of residence, and setting a password. After submitting this information, a verification code will be sent to the email address you provided. Once you receive the code, you can copy it into the verification box to access your user interface. In the user interface, you will need to provide personal information and upload documents for identity and address verification. After successful verification, you can use Jupiter MnX. Once your personal information is verified, you can select "Open New Account" in the "Trading" section. You can then choose your preferred account type, trading leverage, base currency, and complete the submission to open an account.
Account Types:
Jupiter MnX offers a demo account and three types of real accounts: Classic First, Pro Account, and Elite Account. These accounts all offer leverage ranging from 1:1 to 1:500. However, specific details such as minimum deposit, spreads, trading commissions, margin levels, and stop-out levels are not disclosed.
Trading Platform:
Jupiter MnX provides the MT5 trading platform, including desktop and mobile versions. However, it has been verified that there is no broker by the name of Jupiter MnX offering MT5. The download links provided for MT5 on their website are merely icons and do not lead to actual downloads.
Deposits and Withdrawals:
After logging into your Jupiter MnX account, you can check the funding methods under the "Funding" section. However, the deposit methods of this broker cannot be viewed, and withdrawal methods are limited to bank transfers and cash transfers.
Customer Support:
Jupiter MnX only offers customer support via email at support@jupiternx.com.
Summary:
Traderknows warns investors that Jupiter MnX is a fraudulent website without a physical presence or regulation, having been operational for only four months. The website does not support the MT5 trading platform, and it lacks the qualifications to engage in forex trading and brokerage activities. Traders are advised to choose reputable, legally regulated platforms to avoid unnecessary financial losses. Currently, this broker is marked as "Suspected Scam" on Traderknows.
