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Joytrust

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Operating status: SCAM

Website: https://www.joytrust.net/

Broker violations and abnormal records
  • 2022-03-31 The Austria FMA Added Joytrust into Its Warnings

    On 1 April 2022, the Austrian Financial Market Authority (FMA) issued a warning that Joytrust is not authorised to carry out banking transactions in Austria that require a licence. The provider is therefore neither permitted to trade on a commercial basis on its own account or on behalf of others. You may visit: https://www.fma.gv.at/en/joytrust-top-suite-ltd/

    On 1 April 2022, the Austrian Financial Market Authority (FMA) issued a warning that Joytrust is not authorised to carry out banking transactions in Austria that require a licence. The provider is therefore neither permitted to trade on a commercial basis on its own account or on behalf of others. You may visit: https://www.fma.gv.at/en/joytrust-top-suite-ltd/
  • 2022-07-24 BrokersView has Reviewed that Joytrust is an Unregulated Forex Broker

    Joytrust claims to be a reliable broker without presenting any information about its regulation. The lack of such important information may be a distinct signal of an unlicensed broker, as regulated brokers always present their accreditations and licenses in a prominent position. It is a red flag.

    Joytrust also claims to be a UK-based broker. As per United Kingdom law, all firms and individuals offering, promoting, or selling financial services or products in the UK shall be authorized by the United Kingdom Financial Conduct Authority (UK FCA). However, we did not find any results that matched Joytrust in UK FCA.

    Moreover, the Austrian Financial Market Authority (FMA) issued a warning that Joytrust is not authorised to carry out banking transactions in Austria that require a licence. The provider is therefore neither permitted to trade on a commercial basis on its own account or on behalf of others. 

    The truth is that Joytrust is not regulated by any regulators. Letting this broker hold or control investors' money is unsafe and the money can not be protected by any laws. Therefore, it is a scam.

    Joytrust claims to be a reliable broker without presenting any information about its regulation. The lack of such important information may be a distinct signal of an unlicensed broker, as regulated brokers always present their accreditations and licenses in a prominent position. It is a red flag.Joytrust also claims to be a UK-based broker. As per United Kingdom law, all firms and individuals offering, promoting, or selling financial services or products in the UK shall be authorized by the United Kingdom Financial Conduct Authority (UK FCA). However, we did not find any results that matched Joytrust in UK FCA.Moreover, the Austrian Financial Market Authority (FMA) issued a warning that Joytrust is not authorised to carry out banking transactions in Austria that require a licence. The provider is therefore neither permitted to trade on a commercial basis on its own account or on behalf of others. The truth is that Joytrust is not regulated by any regulators. Letting this broker hold or control investors' money is unsafe and the money can not be protected by any laws. Therefore, it is a scam.

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