Jupiter Holdings is not a licensed or regulated broker even though it states offers that look good to be true. Jupiter Holdings claims to be regulated by "Zefix". However, there is currently no regulatory body called "zefix."
Besides, Jupiter Holdings also claims to be registered in Switzerland and presents two telephone numbers that belong to the UK and Canada. So we searched the forex regulators in these three countries, including:
1) The Swiss Financial Market Supervisory Authority (FINMA);
2) The Investment Industry Regulatory Organization of Canada (IIROC);
3) The United Kingdom Financial Conduct Authority (FCA).
First, we did not find any results that matched this broker in FINMA or IIROC. Second, when we searched in FCA, we found a warning against Jupiter Holdings issued by FCA for being a clone firm that falsely uses the regulatory info of an FCA-regulated firm. You can check the full warning from here.
The truth is, Jupiter Holdings is not overseen by any regulators. That means your personal data or your funds in this broker are unsafe and cannot be protected by any law. We would recommend traders stay away from unregulated brokers like Jupiter Holdings and trade with licensed brokers.
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