Liar! Got Scammed by Jojo Markets!!

In the past months, the WikiFX exposure channel has received a number of complaints about the forex broker Jojo Markets. The complainants were mainly from Argentina, Malaysia and China. Please be cautious of this broker!

Case Study:

1. We checked the exposure of these victims and most of them encountered the problem of not being able to log into the website. After verification by WikiFX, we found that Jojo Markets' website - https://www.jojoforex.com/ is indeed no longer available. In other words, they had run away with their investors' hard-earned money!

2. According to an expose from a Chinese investor, Jojo Markets lured potential investors into deposits, mainly through social media Weibo, and then guided them through the process. But the end was the loss of all the principal.

3. As for the regulatory status, we found that The New Zealand FSPR regulatory (License No. 511666) claimed by this broker is a suspicious clone.

4. From the report, we could conclude that the operation model of Jojo Markets seems like a Ponzi Scheme. They try to attract more people to join the scheme by showing high profits. But high profit is accompanied with high risk, which is not quite legal in the field of investment.

Warning!!!

By checking WikiFX App, you can see that Jojo Markets is only scored 1.96/10.

Further, it has been verified that Jojo Markets is a Ponzi Scheme and has been listed in WikiFX's Scam Brokers list.

What should you do when you get scammed？

If you‘re cheated by any scam broker, don’t hesitate to contact WikiFX, the best forex trading inquiry platform with the most influential exposure system in the South Asia. Now you can expose forex scam on WikiFX app or website, read how >> Keep Silence to FX Scams？ NO! EXPOSE Them on WikiFX! (https://bit.ly/3dWv4N1)

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As a reminder, please turn to WikiFX when encountering unknown forex platforms. More caution, more safety!