Monday, November 25, 2024

Alert! Don’t fall for the Ukrainian JFS Brokers scam

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The UK Financial Conduct Authority (FCA) has issued an investor warning against JFS Brokers (www.jfsbrokers.com and www.jfs-brokers.com), which acts as a clone of the FCA-regulated Jacksons Friendly Society, named as the operator on the website. Victims registering with the scam are redirected to the Trading Global website (https://lk.tradingplatform.finance). This website does not provide any information about operators or jurisdictions. Ukrainian scammers obviously operate the JFS Brokers scam in English and Russian. Do not fall for it!

On the involved websites, there are various details in the Ukrainian language. Moreover, the payment processors specialize in deposits in USD and Ukrainian currency UAH. In addition, of course, victims can lose their money to the scam via cryptocurrency deposits. JFS Brokers is an exceptionally poorly done scam. Actually, no consumer should fall for it. The truth, however, is that the boiler room agents behind the scams can often be very convincing and always find victims. Even for poorly made scams. Stay far away.