JP-EX.io Review
Beware Investors jp-ex.io – This is a suspected imposter entity. It may be impersonating or falsely claiming to be working with:
– a registered Australian business;
– Australian financial services licensee;
– Australian credit licensee; and/or
– the authorised representatives or employees of the business or licensee.
Who is jp-ex.io?
jp-ex.io is a website that claims to be a cryptocurrency platform and a digital asset bank. It offers various services such as spot trading, launchpad, launchpool, and staking. It also claims to have partnerships with media outlets and other platforms.
Regulation of jp-ex.io
jp-ex.io is not regulated by any reputable authority. It does not hold an Australian financial services licence or Australian credit licence from ASIC, the national corporate regulator of Australia. It is also not registered or licensed in any other jurisdiction that it operates in. It is unclear where jp-ex.io is based or who owns it.
Location of jp-ex.io
jp-ex.io does not disclose its physical location or contact details on its website. It only provides an email address and a Telegram channel for customer support. The website domain was registered using a privacy protection service. The website content is mostly in Chinese, suggesting that it may target Chinese-speaking investors.
Services offered by jp-ex.io
jp-ex.io offers various services related to cryptocurrencies, such as:
– Spot trading: Buying and selling cryptocurrencies at the current market price.
– Launchpad: Participating in token sales of new projects through subscription or lottery.
– Launchpool: Earning rewards by staking cryptocurrencies in pools of different projects.
– Staking: Locking up cryptocurrencies to earn interest or rewards.
jp-ex.io claims to support over 100 cryptocurrencies and tokens, including Bitcoin, Ethereum, Tether, Binance Coin, and its native token JPEX. It also claims to have low fees, high security, and fast transactions.
Reviews of jp-ex.io
There are not many reviews of jp-ex.io online. The few reviews that are available are mostly negative and warn potential investors to avoid the platform. Some of the complaints include:
– jp-ex.io is a scam that does not allow withdrawals or refunds.
– jp-ex.io is not transparent about its ownership, location, or regulation.
– jp-ex.io has poor customer service and does not respond to queries or complaints.
– jp-ex.io has fake partnerships and media endorsements.
Customer service of jp-ex.io
jp-ex.io does not provide adequate customer service to its users. It only offers an email address and a Telegram channel for communication. There is no phone number, live chat, or physical address available. Users have reported that jp-ex.io does not reply to their emails or messages, or gives vague and unhelpful answers.
Securing your investments against unscrupulous brokers
If you are considering investing in cryptocurrencies, you should be aware of the risks involved and the steps you can take to protect yourself from unscrupulous brokers like jp-ex.io. Some of the tips include:
– Do your research before investing in any platform or project. Check the background, reputation, regulation, and reviews of the platform or project. Use reliable sources of information such as ASIC’s website, Moneysmart.gov.au, or data.gov.au.
– Only deal with licensed and authorised providers. Anyone who sells you a financial or investment product or gives you financial advice must have an Australian financial services licence or Australian credit licence from ASIC. You can check ASIC’s registers to see if the provider is licensed or authorised.
– Be wary of unsolicited offers or promises of high returns. Scammers often use cold calls, emails, social media, or websites to lure unsuspecting investors with attractive offers or guarantees of high returns. If something sounds too good to be true, it probably is.
– Understand the risks and fees involved. Cryptocurrencies are volatile and speculative investments that can lose value quickly. They are also subject to hacking, fraud, theft, and technical issues. You should understand how cryptocurrencies work, what fees you will pay, and what risks you will face before investing.
– Keep your personal and financial information secure. Scammers may try to steal your identity, money, or account details by asking you to provide personal or financial information, such as your name, address, bank account, credit card, password, PIN, or verification code. Never share your information with anyone you do not trust or verify.
Conclusion
jp-ex.io is a cryptocurrency platform that is not authorised by ASIC and may pose risks to Australian investors. It does not disclose its ownership, location, or regulation. It has poor customer service and negative reviews. It may be a scam that does not allow withdrawals or refunds. Investors should avoid jp-ex.io and only deal with licensed and authorised providers. They should also do their research, understand the risks and fees, and keep their information secure.
