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JK Analytics Review | Trading, Hedging and Investing from a Single Account or a Scam?

by Kevin Berry
Rating: 
  1/5   Reviews: 1
JK Analytics - logo

A CFD broker, JK Analytics, with an office in London, offers to trade, hedge, and invest from a single account. Despite having a headquarters in the UK, the firm lacks regulation from the FCA or other financial commissions. Furthermore, the user agreement confusingly mentions an offshore jurisdiction of Saint Lucia, misleadingly suggesting the location of the organization’s registration. Reviews are almost non-existent online, but the firm boasts awards and prizes received from 2018-2022, which appear fabricated as no evidence is provided. Is this a scam?

Highlights

🏛️ Country United Kingdom, Saint Lucia
⚠️ Regulation
🖥️ Website https://jk-analytics.com/
🎲 Demo Account No
⏳ Start Time 2023
💲 Minimum Deposit €250
⚖️ Minimum and Maximum Leverage 1:200
⚙️ Trading Platform WebTrader
📨 E-mail support@jk-analyticsteam.com
📞 Phone

First Impression of Jk-analytics.com

The official website introduces us in detail to the trading conditions, but for some reason, it doesn’t discuss specific details of the broker’s activities. What business model is used? And when was the organization founded, apart from unverified claims of “30 years of experience”? Where are the licenses? The most important aspects of JK Analytics’ activities remain unknown, characterizing the platform as secretive and opaque.

The top of the site features sections where one can study cooperation conditions in detail:

  • Trading platform.
  • Account types, signals, and specification.
  • Academy.
  • Bonus policy.
  • Contacts and legal documents.

JK Analytics - site

As images on the website, the broker uses pictures of elderly people who look joyful and happy. Presumably, the company hints that all its clients can earn capital for a carefree retirement life. Unfortunately, any unique graphic design ends there for JK Analytics.

On the homepage, you can learn some details of trading conditions, account types, and about the awards received. In the footer, JK Analytics warns of the risks of margin CFD trading. Boring, template-like, and monotonous.

Partnership and Bonuses

The broker offers four types of bonuses to its clients: No deposit, welcome, standard, and insurance. Such many bonus promotions are a negative factor, as experience shows that it is fraudulent and illegal companies that emphasize a large number of bonuses. Is JK Analytics an exception? We still need to figure this out.

Each type of bonus has its own conditions for receiving and wagering. We recommend initially studying the conditions in detail, assessing your capabilities, and then making a decision. Often, brokerage firms set unrealistic conditions for traders, and we think JK Analytics does the same.

Nothing is said about an affiliate program. This is a good tool that benefits both parties, the broker and traders. For the company, it means new clients, and for users, additional earnings. However, there is no affiliate program here.

Account Opening on Jk-analytics.com

The mention of a demo account on the site was not found, but perhaps such an option is still available in JK Analytics. Let’s try to register a personal account.

The registration procedure here is standard, requiring certain information:

  • First and last name.
  • Phone number and email.
  • Password.
  • Country.
  • Agree to the terms and conditions.

Registration

After creating an account, it’s necessary to log into the system using an email and password. The terminal then opens, which turns out to be integrated into the personal account. Is this convenient? We don’t think so. Such an approach causes certain inconveniences and potential security threats. Moreover, a demo account was not found in JK Analytics, so this option is absent.

Users can perform standard operations through the client portal, such as editing personal information or changing passwords. Clients also have access to trading history and financial transactions, account management, document uploads for KYC, news, and social trading.

JK Analytics - personal cabinet

Verification

In the personal account, there is a separate section called “Verification Center,” where documents upload is available. JK Analytics requests several documents: proof of identity, proof of residence, additional documents, and proof of payment.

JK Analytics - KYC

Is the verification procedure mandatory? The AML&KYC policy states that JK Analytics strictly adheres to the rules, so yes, traders are required to provide documents. However, it’s unknown how long their verification will take. We also do not recommend providing personal data to unverified firms, as it could fall into unwanted hands.

Pros
  • It’s convenient to upload documents.
Cons
  • The firm requires many documents.
  • There is no information about the KYC processing times.

Trading Software

The trading terminal in JK Analytics is not impressive. Firstly, there are no applications for Android/iOS, nor a desktop version of the platform. That means only a web-based version, which cannot compete with desktop terminals in terms of the number of features and tools, or functionality. Secondly, the terminal is super primitive. Despite having two options, classic or tradingview, the platform still cannot boast any professional tools, such as open interest, order book, or order flow.

Terminal

The platform has an integrated news feed and TV, as well as a market sentiment scale, with “Bearish” on the left, indicating maximum pessimistic expectations, and “Bullish” on the right, indicating positive expectations. Additionally, JK Analytics offers a Social Trading service. However, auto-trading using advisors is not supported.

Features JK Analytics Smart Ix Shares Kiexo
Demo Account
Mobile App ✔️
Own Development ✔️

How Can I Trade With JK Analytics?

Trading conditions depend on the selected tariff plan. All clients have access to CFDs on forex, metals, indices, commodities, stocks, and cryptocurrencies. Over 2,100 assets in total. The minimum order volume is 0.01 lots, with a default leverage of 1:200. Let’s now look at the tariffs in JK Analytics.

All Info About Accounts

The broker offers 6 different types of accounts. The better the tariff, the higher the required deposit, the more advantageous the spreads, and the more services and opportunities available. Here is a more detailed description of the tariffs:

  1. Student. The minimum deposit is €250, which is a high amount, especially compared to other brokerage firms. Spreads are 3 pips, clients can receive consultation once a week, training in the use of indicators, and an investment protection fund.
  2. Standard. Here, a minimum deposit of €5,000 is required. Spreads of 2 pips, lots from 0.1, consultations twice a week, and more training.
  3. Islamic. €10,000 and more. No commissions, hidden interest, and penalties. Swaps are absent. For more detailed clarification of conditions, it is advised to contact the managers. The Islamic tariff needs to be commented on – why such an inadequate requirement for the minimum deposit? It’s absurd.
  4. Investor. From €100,000. More favorable conditions, two-week training in indicators, and dealer mode (opportunity to open deals in real-time).
  5. VIP. Here, the minimum deposit is unimaginable – from €500,000. The trader receives a PAMM service from JK Analytics, as well as personal trading strategies.
  6. VIP Platinum. 1 million euros – no comment. Who would agree to invest such an amount?

Account types

It’s plainly visible how JK Analytics operates on the principle of extracting money from clients. Want better conditions and more privileges? Then pay more money. Such a principle, strangely enough, is often used by illegal firms. Furthermore, a clear sign of a dangerous broker is the minimum deposit of €250. For some reason, scammers prefer to set such a threshold for the initial deposit.

Zero information about commissions implies a business model with a conflict of interest. In other words, JK Analytics is a dealing desk.

Pros
  • Not found.
Cons
  • High minimum deposit.
  • The types of accounts use the principle of enticing money.
  • Commissions are unknown.

Market Analysis and Education With Jk-analytics.com

For beginners, there is an “Academy” section with a glossary and training via Skype. The training videos include courses on cryptocurrencies, forex, and CFDs. JK Analytics also offers trading signals to traders, but unfortunately, there is no statement to confirm the high winning percentage of this service.

Regarding additional features, the firm significantly lags behind other brokers. Many services are only available on expensive tariffs, which not all clients can afford. It’s completely unclear how JK Analytics competes with popular platforms that offer a variety of additional services to all their users regardless of their tariff.

Deposit, Withdrawal, and Fees

Funds can be transferred to JK Analytics in various ways. The company supports credit/debit cards, bank wire transfers, Qiwi, Webmoney, and Bitcoin. However, Qiwi and Webmoney are absent in the personal account. It’s surprising to see Qiwi, an e-wallet popular mainly in Russia and the CIS countries, in the list of supported payment systems, as there are no hints that the firm is targeting this region.

Withdrawal requests are processed up to 5 business days, but the company warns that after successful processing, the transfer can take up to 10 days. Additionally, JK Analytics charges a 3.5% commission for fund withdrawals.

Features JK Analytics FINdeto Equaledge
Debit/Credit Cards ✔️ ✔️ ✔️
Electronic Payments ✔️
Crypto Transfers ✔️ ✔️
Deposit Fee
Withdrawal Fee ✔️

How Can I Contact It?

JK Analytics only shares an email address, and a phone number is missing. Moreover, registered users can try writing in the online chat, where the technical support managers might respond.

In fact, the only option to contact the managers remains the online chat in the personal account, as the email check showed it to be fake. Does JK Analytics not want clients to contact them?

Fake email

Pros
  • Not found.
Cons
  • Fake email.

Is JK Analytics Dangerous?

The broker does not appear safe and verified at all. Fake contact information only confirms this. We can conclude about the fraudulent nature of the firm, but for greater certainty, let’s check the period of operation and the legitimate status of JK Analytics. Perhaps there will be something interesting there.

How Long Does The Broker Work?

Regarding the period of operation, JK Analytics only mentions some 30 years of experience once, which, of course, is a blatant lie. There are almost no reviews of the company on the internet, and its name is not well-known among traders to boldly claim three decades of operation. In reality, the platform was only launched in 2023. This is indicated by the domain registration date – November 29, 2023.

Domain

How Is JK Analytics Regulated?

The firm boasts an office in the United Kingdom, but the user agreement mentions that it operates under the laws of Saint Lucia. Let’s try to check both jurisdictions.

First, we’ll check the UK’s legal register and the Financial Conduct Authority’s register, which oversees brokers and their activities. JK Analytics is not listed anywhere. So the office in London is fake, and we’ve proven it.

JK Analytics - FCA

Then could the company be officially registered in Saint Lucia? However, no. Searching for JK Analytics yielded nothing; such an organization does not exist there. And where, then, is the broker based? Does it even exist? It doesn’t matter anymore. Deception and false facts are evident.

Saint Lucia

Features JK Analytics FlareGain RockStoneTrust
European Zone
Asian Zone
American Zone
African Zone
Offshore ✔️

Frequently Asked Questions (FAQ)

How to Trade With JK Analytics?

You can start trading with the broker in a few steps. First - register an account, second - verify your identity and activate your personal account. Third - deposit funds.

Is JK Analytics Legit?

The company is not regulated, and it lacks licenses. Moreover, we found out that such an organization does not exist either in the UK or in Saint Lucia.

How Risky Is It?

JK Analytics is an illegal broker with whom cooperation should be avoided because the risk is 100%. Such firms often turn out to be fraudulent.
Kevin Berry
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Expert Opinion

So, does anyone still have doubts that this is a fraudulent company? JK Analytics is merely a parody of a broker, a common forgery incapable of providing safe and reliable services, so there’s no point in opening a brokerage account here. The scammers lie to you about their period of operation and offices in the UK, so even 250 euros cannot be trusted with them. What kind of platform doesn’t even have a demo account? There are hundreds of intermediaries in the world offering far more favorable conditions. In short, the site is created by fraudsters for scamming.

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The level of trust
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1 review about JK Analytics

Exalt January 18, 2024 - 13:34
You'll get your account blocked because they're scammers
The level of trust
Quick withdrawal of funds
Efficiency of technical support

They are scammers who block traders’ accounts and prevent them from withdrawing money. I immediately realized that jk analytics is a bold and black brokerage firm with a specific task – to steal as much money from people as possible. In short, a classic fake broker engaged in fraud. Overall, like any other fraudulent firms, which look exactly the same. There is no license here, and the website is very fresh.

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