Juno Markets is an Asian CFD broker. It confidently declares leadership in this region. Even if you haven’t heard about it yet, this is not a reason to immediately refuse to cooperate. First, you need to check whether this project is so good or if it is a scam and what reviews traders write about it. Don’t worry, we did it for you.
- Juno Markets General Information
- Registration and Client Portal Review
- Juno Markets Trading Conditions
- Account Types Review
- Trading Platform
- Juno Markets — Deposit and Withdrawal of Funds
- Additional Options
- Is Juno Markets a Scam?
- Legal Information and License
- Junomarkets.com Domain Info
- Contacts Review
- More Details
- Pros and Cons
- Frequently Asked Questions (FAQ)
Juno Markets General Information
|Address||Law Partners House, Kumul Highway, Port Vila, Vanuatu|
|Leverage||Up to 1:500|
Registration and Client Portal Review
The Juno Markets official website is even attractive. At least this can be said about the design. On the main page, you can find a small description of trading accounts and other broker services. However, the contact details will have to be searched well. Besides, there is a translation into several languages.
Meanwhile, opening an account here is not as fast and easy as we would like. The registration consists of four steps. To begin with, you will need to fill out a small form. Then specify detailed personal data and immediately pass KYC.
You can easily get lost in your Client Portal. Literally, all Juno Markets services are placed in separate sections. On the main page, you can fund your account and download the MT4 terminal. The other services are located below.
Juno Markets Trading Conditions
The broker offers CFD trading and several other additional services.
Account Types Review
Juno Markets, unlike its competitors, does not adhere to the division by account types based on the minimum deposit. Accounts here differ in the way orders are executed. Let’s look at the company’s offers in more detail.
There are two types of accounts. The first is STP. Obviously, its name implies exactly how your orders will be executed. The minimum deposit here is small, but there is huge leverage.
The ECN account needs to be deposited at $500. It seems to be more profitable due to lower spreads. However, there is already a commission here.
Finally, there is a third option. Juno Markets offers an Institutional account. How exactly the orders will be executed here is a mystery. Looking at the minimum deposit, we can conclude that the company hints at the sending of trades to the interbank. Unfortunately, it is hard to believe this. The leverage is too high for that. Besides, it’s not entirely clear to us why there is such a difference in minimum deposits between ECN and STP.
Juno Markets offers MetaTrader4 and a terminal of its own production. The latter can only be used in the web version. It is difficult for us to recommend it because MT4 is much more functional and convenient. It is not entirely clear why the broker does not support MT5. After all, it has even more opportunities to work with trading advisors, which, in general, this company likes.
Juno Markets — Deposit and Withdrawal of Funds
It should be noted that the company has provided quite a lot of ways to deposit. Even though Juno Markets prefers wire transfers, customers have other options. For example, you can also send money using a QR code. It is possible to deposit funds in cryptocurrency or use electronic wallets. Neteller and Skrill are among them. Juno Markets doesn’t say anything about credit cards. Although the broker writes that their verification can be required.
Unfortunately, Juno Markets also does not disclose whether there is a commission for transfers. And it also doesn’t say anything about how long it will take to withdraw funds.
The verification process is standard here. The company asks you for copies of several documents. Juno Markets requires a passport or an ID card. A driver’s license or other identification cards will also be suitable. You will also need to upload a utility bill or maybe a bank statement to confirm your residential address. The company may also require additional documents if it deems it necessary.
Among the additional options, the broker has Juno Auto Trader, MAMM accounts, and an affiliate program. In the latter, there are several ways for more earnings. You can become an introducing broker or build your own network of referrals. What the rewards will be is described in detail in the Partners section. The referral program is multi-level, so the payouts will be different.
Is Juno Markets a Scam?
It is not yet possible to say something bad or good about the services of Juno Markets. Everything at this broker looks standard. Therefore, we will conduct a more thorough check.
Legal Information and License
Unfortunately, the company is registered offshore Vanuatu. It received a certificate from the local regulator VFSC. However, its requirements are not as strict as those of European supervisory authorities. That’s why Juno Markets offers too high leverage and even bonuses to the account. By the way, that is prohibited in many countries. So be careful.
CFDs are already a risky type of asset. With too high leverage, you risk losing your deposit altogether in one trade. We should also note that it will be problematic to solve problems in a foreign country. If the broker does something wrong, then you will have to fly to Vanuatu and sue there. And this is an extra expense of time and money.
Junomarkets.com Domain Info
Juno Markets has no problems with the period of work. We have checked its domain. It turns out that it was registered back in 2014. Almost 10 years of work is a good lifespan for a company.
We found several flaws in the contact details. The problem is that the broker specified only the email address. Unfortunately, there is also no phone number for communication. Besides, Juno Markets gives only the legal address. It doesn’t have a real headquarters. Most likely, the company’s employees work remotely or simply do not disclose this data.
Even though Juno Markets calls itself the number one broker in Asia, it’s pretty hard to believe. In fact, its number of clients is not so large. The company simply exaggerates its merits. We also want to note that such high leverage indicates that Juno Markets will not send your trades to the interbank. So, there is a conflict of interest between the broker and the trader. Be careful when trading with offshore organizations.
Pros and Cons
- Low minimum deposit.
- Not all contact details.
- Registered offshore.
- Too-high leverage.
- Purchased reviews.
Frequently Asked Questions (FAQ)
It is an online broker that offers CFD trading.
Yes, Juno Markets got a license. However, only in the offshore zone of Vanuatu. That’s why this broker has such high leverage.
CFD trading is generally a very risky activity. More than 80% of clients lose money in this type of trading. Besides, offshore brokers are considered the most dangerous of all because it is very difficult for traders to prove their cases in foreign courts. Therefore, no, we do not consider Juno Markets safe.