JDC Markets – what we know and have as facts about it; The company is authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC) under license number 316/16. This license allows it to conduct various financial services, including receiving, transmitting, and executing customer orders.
We have found in the Order Execution Policy document that the company may act either as a principal – it will be the sole Execution Venue for the execution of the client’s orders or as an agent – some third financial institution will be the Execution Venue. This means that JDC Markets decides what kind of broker to be and it can change this at any time. JDC Markets may use either the Straight Through Processing (STP) model or the market maker model to execute orders. When it acts as a market maker a conflict of interest arises because in addition to the spread, the company benefits when clients lose.
So far, we have not received any complaints from customers of JDC Markets. If you have any criticism to share with us or feel annoyed by JDC Markets, please fill in the form below, detailing your case. Once we have made your case public, we may attempt to mediate between you and JDC Markets if you wish.