Jupiter Holdings – Can You Trust Them?

Website URL: https://jupiterholdings.net

Founded: 2022

Regulations: None

Languages: English

Deposit Methods: Credit Card or Debit Card

Minimum Deposit: $10,000

Free Demo Account: No

Number of Assets: Unknown

Types of Assets: Cryptos, Forex, Commodities, Stocks, Indices

Trading Accounts and Conditions

Here are the account types listed on Jupiter Holdings’ website:

• Silver: The minimum investment for this account type is $10,000. The leverage is 1:20 and the ROI is 8.1% to 8.7% per month. The broker states that the APY (Actual Rate of Return) for investing in this account type is 97.2%.
• Gold: The minimum investment for this account type is $25,000. The leverage is 1:40 and the ROI is 11.4% to 12.2% per month. The APY is supposedly 136.8%.
• Platinum: The minimum investment for this account type is $50,000. The leverage is 1:60 and the ROI is 14.3% to 15.7% per month. The APY is supposedly 171.6%.
• Diamond: The minimum investment for this account type is $200,000. The leverage is 1:80 and the ROI is 20%+ per month. The APY is supposedly 240%.
• VIP: The minimum investment for this account type is $500,000. All conditions are only provided on request to your account manager.

There is no mention of spreads or other trading conditions such as order execution methods, fees, commissions and so on.

Jupiter Holdings – Advantages

There are no advantages to trading with Jupiter Holdings.

Jupiter Holdings – Disadvantages

Here are all the red flags that warn us the scam that Jupiter Holdings is operating:

• Unregulated Clone Firm

The first – and most important – reason why we would strongly advise all traders from doing business with Jupiter Holdings is because they are an unregulated broker. Here is how we know.

The broker, on their website’s homepage footer, claims to be owned and operated by a company called Jupiter asset management, which regulated by Zefix (we do not know what this is!). They also claim that their parent company has been incorporated under the laws of Switzerland.

They say that if you wish to get more information about their regulation status, you will need to request them for it.

To operate in Switzerland, a broker needs to be regulated by the FinMa (Financial Market Supervisory Authority), which this broker isn’t. The broker claims to be regulated by Zefix. And there is no financial regulator by this name anywhere in the world!

While checking for their regulation status, we found out that Jupiter Holdings had actually been blacklisted by the FCA, Financial Conduct Authority, the UK’s financial regulator.

Through our investigation, we found out that the FCA had revealed that this broker is actually a clone firm – a company that steals a legally registered company’s credentials and attempts to pass them off as their own. They do this in an attempt to fool people into thinking they are also a legitimate company – which, of course, is a lie.

This could be no greater proof of this entity’s scam. And it would be wise for all traders to stay away from this broker.

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• Poor Trading Software

Jupiter Holdings claims to offer their clients a superior trading software. The reality is much different. This broker actually only offers their clients a very poorly constructed WebTrader software, one that we have seen being repeatedly used by other scammers.

This software does not have anything beyond a few basic features that allow a trader to do not more than buy or sell.

Since the trading software is a broker’s main offering, legitimate brokers offer their clients the best quality software the market has to offer. It is only scammers who try to get away with platforms that can just do the minimum, since they bank on the fact that most novice traders (who are their target audience) will not know the difference.

And this is exactly what Jupiter Holdings has done – provided a trading software that barely works and then covered it up with mega promises of huge returns (about which we will talk more).

• Poor Trading Conditions

The trading conditions that Jupiter Holdings offers are also seriously unattractive.

The minimum deposit requirement is a whopping $10,000! Industry standards range from $100 to $250 and many excellent brokers allow you to open accounts for less than $50! So, a deposit requirement such as this is just ridiculous!

While the broker did not mention any spreads on their website, we checked their platform. We found out that the EURUSD spreads started at 6 pips, which means that trading with this broker is enormously expensive. This broker is charging $60 per trade, while in comparison, the market average is about $5 to $10 per trade!

And then let’s talk about the trading risks, the leverages. This broker is offering a maximum leverage of 1:80 for cryptocurrency trading; forex leverages are not mentioned anywhere. Just so you know, crypto leverages don’t usually exceed 1:5. So, a 1:80 ratio is just massively dangerous for the trader.

All in all, this is not a broker that one would want to trade with; they are just too expensive.

• Promises of Massive Returns

Jupiter Holdings also promises their clients massive returns. This proves their scam since legitimate brokers are actually legally required to explicitly tell their clients how dangerous trading can actually be. In fact, data shows that between 75% and 85% of all trades are washouts, which means that people lose more money than they make while trading.

• Other Issues

The other issues may be minor, but they also highlight the scam this broker is operating.

There are no fees or commissions mentioned anywhere. We also don’t know what the withdrawal policies are. And there is only one way to fund your account – your bank card (credit or debit card).

Conclusion

Jupiter Holdings is a clone firm and therefore a complete scam. They cannot be trusted at all.

Jupiter Holdings

2.4

User Experience

3.0/10

Payment Options

2.3/10

Security

2.0/10

Support

2.3/10

Reputation

2.6/10

Pros

• None

Cons

• Lack of Regulation
• No Access to Trading Software
• AnyDesk and TeamViewer Required
• Issues with Trading Accounts / Trading Conditions
• No Information on Funding Methods