JUNE BOWES allegedly provides online trading services for traders of CFD contracts in four categories: international futures, commodities, precious metals and stock indexes. It indeed provides CFDs, but there are some critical details we need to discuss, which youll find out in the full JUNE BOWES review.
June Bowes REGULATION AND SAFETY OF FUNDS
June Bowes never mentioned anything about licenses or regulation. What‘s more, it doesn’t even disclose their addresses, contact numbers or anything valuable except for the name of the company running the brokerage. Well, we researched to find out it‘s a UK company, and we wonder why they so desperately try to hide this fact. In any case, the broker’s reluctance to reveal information about itself is a red flag; even more so, JUNE BOWES DEVELOPMENT GROUP LIMITED doesnt have a Forex license, so the broker reviewed is confirmed to be unregulated.
Those things considered, June Bowes turned out to be a suspicious brokerage posing threats for their clients. We say so because regulation is the most crucial aspect when it comes to trading as it guarantees transparency, accountability, ethical business behaviour, reduced trading risks, safety for clients funds and so forth. Obviously, June Bowes is anonymous and unaccountable, meaning that clients‘ money will be exposed to risks of misuse or misappropriation, and these people won’t face any consequences whatsoever if they defraud customers.
That‘s why you’d be much better off if you stick with companies authorised by trustworthy financial regulators like CySEC (Cyprus) and FCA (Britain). Both maintain the highest supervision standards and require brokers to keep deposits segregated in local banks, thus ensuring clients won‘t lose their capital if something wrong happens. The segregation improves transparency, speeds withdrawals up, makes chargebacks easier and generally helps prevent fraud. What’s more, the European FX companies are covered by deposit insurance funds laid down to compensate clients in case of unforeseen events- CySEC brokers clients can claim up to €20 000 per person, while the British guarantees are even up to £85 000.
Eventually, June Bowes is a shady unregulated brokerage acting suspiciously, so your funds will be in danger if you deposit. Avoid it.
Here you can see a screenshot from GOV.UK with the companys details:
June Bowes TRADING SOFTWARE
June Bowes has MetaTrader 5, which is a top-notch platform that‘s currently the most widely used. It’s preferred by traders and brokers alike because it delivers advanced features including Expert Advisors, many sophisticated indicators, excellent charting tools etc. The trading conditions are also quite competitive- the EUR/USD spread is 1 pip, meaning that clients pay $10 per lot traded, which is pretty much in line with the industry standards. Nevertheless, the absence of a trustworthy license and the brokers weird behaviour massively overshadow the seemingly favourable trading costs. June Bowes is still a suspected scam.
The platform also shows the trading risks involved- the leverage is 1:100, so June Bowes‘ services are actually too risky for most retail traders. What’s more, UK legit brokers are no longer allowed to offer more than 1:30 leverage, so June Bowes flagrantly breach British regulations- a major red flag. Would you sign a contract with businesses violating local and international financial laws？ Yes, we neither.
Here is the June Bowes MetaTrader 5 terminal:
June Bowes DEPOSIT/WITHDRAW METHODS AND FEES
The minimum deposit is $100, probably via cryptocurrencies only. We can‘t really confirm the funding methods because the Client Area was totally incomprehensible- yet another red flag nonetheless, but there are indications that Bitcoin deposits are accepted. In any case, every cryptocurrency transaction is anonymous and final, meaning that chargebacks are impossible, and you don’t even know whos on the other side. Beware!
As for withdrawals, there is nothing to discuss as June Bowes is yet another broker that doesn‘t have adequate legal documentation. It only provides a Disclaimer, but the whole document can fit into two A4 pages and doesn’t concern any trading conditions whatsoever. Thats a red flag because the broker intentionally hides critical information about its services. Avoid!
Here are the supposed deposit requirements and leverage level provided:
June Bowes DEPOSIT/WITHDRAW METHODS AND FEES
The minimum deposit is $100, probably via cryptocurrencies only. We can‘t really confirm the funding methods because the Client Area was totally incomprehensible- yet another red flag nonetheless, but there are indications that Bitcoin deposits are accepted. In any case, every cryptocurrency transaction is anonymous and final, meaning that chargebacks are impossible, and you don’t even know whos on the other side. Beware!
As for withdrawals, there is nothing to discuss as June Bowes is yet another broker that doesn‘t have adequate legal documentation. It only provides a Disclaimer, but the whole document can fit into two A4 pages and doesn’t concern any trading conditions whatsoever. Thats a red flag because the broker intentionally hides critical information about its services. Avoid!
Here are the supposed deposit requirements and leverage level provided:
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