Is Jones Mutual Scam or Legit Broker?

Jones Mutual is not a safe broker. It is suspected to be a scam. The broker is located in Estonia, however, it is not regulated by the local financial authority – the Estonian Financial Supervisory Authority. Moreover, the regulatory body issued a warning against Jones Mutual. 

About Jones Mutual
🗺️ Registered inEstonia
🗺️ Type of LicenseNo License
🛡️ Is Jones Mutual safe to tradeNo
🗺️ Recommended LicensesFCA in UK 🇬🇧 & ASIC in Australia 🇦🇺
🖥 Alternative BrokerFP Markets - licensed by ASIC in Australia

What is Jones Mutual?

Jones Mutual is a Forex and CFD broker. The company is owned and operated by GreenRiver OÜ with a registered address in Tallinn, Estonia. They also provide an operational address in Dublin, Ireland. However, the broker is not regulated either in Estonia by the Estonian Financial Supervisory Authority or in Ireland by the Central Bank of Ireland.

  • In order to be able to offer financial services, brokers should obtain a license from one of the regulators depending on the country. Jones Mutual doesn’t provide any information about its regulation at all. Moreover, the Estonian Financial Supervisory Authority has issued a warning against Jones Mutual/GreenRiver OÜ:

“Finantsinspektsioon (the Estonian Financial Supervisory Authority) would like to inform clients and investors that GreenRiver OÜ(registry code 14445326) does not hold an activity license for the provision of investment services in Estonia and therefore GreenRiver OÜ is not authorized to provide investment services in Estonia. The company offers the possibility to trade derivatives through web page”

Jones Mutual - official website
Jones Mutual Review Conclusion

Well-respected financial authorities like the Financial Conduct Authority (FCA) in the UK, the Australian Securities and Investments Commission (ASIC), and the Cyprus Securities and Exchange Commission (CySEC) are effectively enforcing strict financial and ethical rules on all overseen brokers. That’s why we recommend choosing among the brokers regulated by the mentioned authorities. Traders should trade with well-regulated brokers (Top 10 Forex Brokers in the World) such as UK brokers or brokers in Australia and reliable brokers such as FP Markets and TMGM.

Jones Mutual Update

We found that the Jones Mutual website is inactive. This means the broker has muted its trading offering and does not operate. However, we recommend avoiding and staying alert in case of any proposals. 

No news available.

4 responses to “Jones Mutual”

  1. I am lost 10.000 Euro in Oktober 2018. If somebody knows how I came back my money, please help me. I lost my mony in 5 days. After that , there was never any acces to my account.

  2. I was finally convinced seeing several other users affected by this broker attempting to recover their funds. I had to close my account but I was refunded my initial deposit with adequate compensation.

  3. I invested 250dolllars with them in February 2019.
    I changed my mind immediately and am still trying to get my money returned.

  4. I was their VIP client but they failed to deliver the expected service and misrepresented and misled. They traded my money away and account is locked and no withdrawal given despite my requests. This should be reported to the Authorities. The registered entity of Jonesmutual, GreenRiver OU, now operates another platform at the same operational address in Ireland. Please be careful.

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