Fake FXJET

Fake FXJET is a broker registered in the United Kingdom, established on 25 February 2019. The official domain is jetfore.com. The broker operates under the regulatory oversight of the Cyprus Securities and Exchange Commission (CYSEC) with a Market Making (MM) licence, although the current status of that licence is not specified in public records.

Given the limited independent information available, prospective traders should approach with caution. The broker's registration in the UK does not necessarily equate to authorisation by the Financial Conduct Authority (FCA); the CYSEC licence may provide a degree of European regulatory coverage, but its validity and enforcement status remain unverified by our team.

Fake FXJET holds a CYSEC licence for Market Making activities in Cyprus. This licence class allows the broker to act as a counterparty to client trades. As of our review, the exact licence number and current status (e.g., active, suspended, or revoked) are not publicly confirmed.

Traders should be aware that regulation by CYSEC does not offer the same protections as the UK's FCA or other top-tier regulators. The absence of clear, up-to-date regulatory data raises concerns. We recommend verifying the licence directly on the CYSEC register before committing funds.

The broker offers a Demo Account with no minimum deposit requirement and a maximum leverage of 400:1. This suggests a focus on retail traders who wish to test the platform before trading with real capital.

No information is available on live account tiers, minimum deposit amounts for real accounts, or specific spreads and commissions. The lack of transparency on these key details is a significant red flag.

Fake FXJET lists Forex, Products, and CFDs as available instruments. The term 'Products' is vague and could encompass commodities, indices, or other derivatives. CFDs (Contracts for Difference) are leveraged products that carry high risk.

The exact number of currency pairs, commodities, or indices is not disclosed. Without a detailed instrument list, traders cannot fully assess whether the broker meets their trading needs.

The broker appears to target retail forex and CFD traders, as indicated by the demo account and high leverage offering. The 400:1 leverage is particularly attractive to speculative traders seeking amplified exposure.

Institutional or professional traders are unlikely to find this broker suitable due to the lack of transparent pricing, execution details, and regulatory reassurance. The severe scam risk score (85/100) suggests that inexperienced traders may be especially vulnerable.

Our FXCanary Scam Risk Score for Fake FXJET is 85 out of 100, indicating a Severe level of risk. This score is based on the incomplete regulatory information, the absence of verifiable public reviews, and the vague description of account terms.

Trading with an unverified broker exposes clients to potential issues such as withdrawal delays, unfair trading conditions, or even total loss of funds. We strongly advise against depositing any capital until the broker's regulatory status and operational history are independently confirmed.