JOJO MARKETS Broker Review

Jojo Markets 2025 Review: Everything You Need to Know

　　Jojo Markets has garnered significant attention in the forex trading community, but not all of it is positive. This review synthesizes various sources to provide a comprehensive overview of Jojo Markets, highlighting its key features, user experiences, and expert opinions. Notably, concerns about its regulatory status and operational practices have raised red flags for potential investors.

　　Attention: It is crucial to note that Jojo Markets operates under different entities across regions, which can lead to varying levels of trust and service quality. The following evaluation is based on a thorough analysis of available data to ensure fairness and accuracy.

Ratings Overview

　　We score brokers based on user feedback, regulatory status, and overall market reputation.

Broker Overview

　　Founded around 2016 and claiming to be based in the United Kingdom, Jojo Markets has positioned itself as a forex broker offering a variety of trading instruments, including forex, CFDs, and cryptocurrencies. The trading platform predominantly used is MetaTrader 4 (MT4), known for its user-friendly interface and advanced trading capabilities. However, Jojo Markets lacks regulation from recognized authorities, which raises concerns about the safety of investor funds and the transparency of its operations.

Detailed Section

　　Jojo Markets operates in a regulatory grey area. It claims to be regulated by the Financial Service Providers Register (FSPR) of New Zealand; however, this claim is viewed with skepticism, as many sources categorize it as a "clone" firm—meaning it may be illegitimately claiming the details of a legitimate entity. The absence of a valid regulatory framework significantly impacts the trustworthiness of Jojo Markets. According to WikiFX, it has been confirmed to operate illegally, with multiple complaints regarding withdrawal issues and general service quality.

　　Deposit and Withdrawal Options: Jojo Markets provides various deposit methods, including bank transfers, credit/debit cards, and e-wallets like Skrill and Neteller. The minimum deposit requirement is reported to be around $100, but users have expressed frustrations regarding withdrawal processes, with many claiming they were unable to withdraw their funds after making deposits. This aligns with the high complaint rate observed, as noted by WikiFX, which recorded numerous instances of users unable to access their funds.

　　Available Trading Instruments: Jojo Markets offers a range of trading instruments, including over 60 currency pairs, commodities, and cryptocurrencies. While its spreads can be competitive—starting at 0.1 pips for major forex pairs—the lack of transparency regarding commissions and fees is concerning. Users have reported that specific details about costs are not readily available, making it difficult to assess the overall trading expenses accurately.

　　Leverage and Trading Platforms: The broker offers leverage up to 1:1000, which can be attractive for traders looking to maximize their positions. However, high leverage also amplifies risks. Jojo Markets primarily uses the MT4 platform, which is well-regarded in the trading community for its analytical tools and automation capabilities. Despite this, the platform's lack of two-factor authentication raises security concerns, as indicated by various reviews.

　　Customer Support: Jojo Markets customer service is limited to phone and email support, with no live chat options available. Users have reported long wait times and unsatisfactory responses, further compounding frustrations. According to WikiFX, the overall customer service rating is low, reflecting the challenges users face when seeking assistance.

Recap Ratings

Detailed Breakdown

• 　　Account Conditions: The account types offered by Jojo Markets are limited, with varying minimum deposits and unclear commission structures. Many users have expressed dissatisfaction with the account management experience, leading to a low score in this category.

• 　　Tools and Resources: While the MT4 platform provides a robust trading environment, the lack of educational resources and transparency around trading costs diminishes its effectiveness for traders, particularly beginners.

• 　　Customer Service: The limited communication channels and high complaint rate about withdrawal issues contribute to a poor customer service rating. Users have reported being unable to reach support when needed, further complicating their trading experience.

• 　　Trading Experience: The platform's trading experience is hampered by the lack of regulatory oversight and transparency regarding commissions and fees. Users have reported difficulties in executing trades and withdrawing funds, leading to a negative overall trading experience.

• 　　Trustworthiness: Jojo Markets has been flagged as a potential scam by multiple sources, with claims of operating without legitimate licenses and executing fraudulent schemes. This has led to a very low trustworthiness rating.

• 　　User Experience: Overall user experience is marred by withdrawal issues, lack of support, and insufficient transparency regarding fees, leading to a generally negative perception of the broker.

　　In conclusion, while Jojo Markets offers a range of trading instruments and utilizes a popular platform, the significant concerns regarding its regulatory status, customer service quality, and overall trustworthiness make it a risky choice for potential investors. Users are strongly advised to conduct thorough research and consider safer alternatives before engaging with Jojo Markets.