Jinlong Broker Review

Jinlong 2025 Review: Everything You Need to Know

Summary: The Jinlong forex broker has garnered significant negative attention, with numerous user complaints highlighting issues related to withdrawals and overall trustworthiness. Many users report being unable to access their funds, while others describe their experiences as part of a larger scam operation. It is crucial for potential investors to exercise caution when considering this broker.

Note: The presence of different entities operating under the Jinlong name across various regions adds complexity to its evaluation. This review aims to provide a fair and accurate assessment based on available information.

Rating Overview

How We Rate Brokers: Ratings are based on user feedback, expert analyses, and available data on the broker's practices and offerings.

Broker Overview

Jinlong, operating under the name Jinlong Zhihui Information Technology Limited, appears to have been established in recent years. The broker offers trading through the popular MetaTrader 4 (MT4) platform. Clients can access a variety of asset classes, including forex pairs, commodities, and cryptocurrencies. However, it is important to note that Jinlong is not regulated by any major financial authority, which raises significant concerns regarding its legitimacy and trustworthiness.

Detailed Insights

• Regulatory Geography: Jinlong operates without any regulatory oversight, which is a major red flag for potential investors. The lack of regulation means there is no governing body to hold the broker accountable for its practices.
• Deposit/Withdrawal Currencies/Cryptocurrencies: Users have reported that the broker primarily operates with cryptocurrency deposits, complicating the recovery of funds due to the lack of chargeback options associated with crypto transactions.
• Minimum Deposit: The minimum deposit requirements are not clearly outlined in the available reviews, which raises further concerns about transparency.
• Bonuses/Promotions: There is little information regarding bonuses or promotional offers, suggesting a lack of incentives for new investors.
• Tradeable Asset Classes: Jinlong claims to offer over 25 forex currency pairs, along with commodities and cryptocurrencies. However, the actual availability of these assets may vary.
• Costs (Spreads, Fees, Commissions): User reviews indicate that hidden fees and high withdrawal costs are prevalent, leading to frustration among investors trying to access their funds.
• Leverage: Specific leverage options are not detailed in the reviews, adding to the uncertainty surrounding the trading conditions offered by Jinlong.
• Permitted Trading Platforms: The primary platform for trading is MT4, which is widely recognized but does not mitigate the concerns raised about the broker itself.
• Restricted Regions: There is no clear indication of restricted regions, but the broker seems to attract users from various countries, raising concerns about its operational legitimacy.
• Available Customer Service Languages: Customer service reviews indicate poor communication, with many users reporting difficulty in reaching support or receiving satisfactory responses.

Rating Revisit

Detailed Breakdown

• Account Conditions: The account conditions offered by Jinlong are heavily criticized, with many users stating that they faced unexpected fees and barriers when attempting to withdraw their funds. According to a user on Forex Peace Army, “I lost over $76,000 because they refused to allow me to withdraw my funds” (Forex Peace Army).

• Tools and Resources: The broker provides access to the MT4 platform, which is known for its robust trading capabilities. However, the lack of educational resources or tools for traders diminishes its appeal, especially for beginners.

• Customer Service and Support: Customer service is a significant pain point for users, with many reporting that support is unresponsive and unhelpful. One user stated, “They refused to answer my emails once I signed up” (Trading-Scams).

• Trading Setup (Experience): While the platform may facilitate trading, the overall experience is marred by the inability to withdraw funds, leading to a negative trading environment for many users.

• Trustworthiness: Jinlong's lack of regulation and numerous reports of scams make it one of the least trustworthy brokers in the market. Users are advised to be cautious and to consider alternative brokers with better reputations.

• User Experience: Overall user experiences are overwhelmingly negative, with many individuals expressing regret for their decisions to invest with Jinlong. The common sentiment is one of betrayal, as many believed they were investing in a legitimate platform only to discover that it was a scam.

In conclusion, potential investors should approach Jinlong with extreme caution. The overwhelming negative feedback and lack of regulatory oversight indicate that this broker may not be a safe choice for trading. Users are encouraged to conduct thorough research and consider alternative, more reputable brokers.