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Forex Brokers Rating

JAFX

JAFX

JAFX Broker Information

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  • Founded: 2013

JAFX Quick reference

JAFX brokerage company has been represented in the financial market since 2013. The official place of registration is quite typical for most brokers; this is the offshore zone of Saint Vincent and the Grenadines. JAFX does not cooperate with residents of a number of countries, since this is prohibited by their financial regulators. For example, according to the user agreement, the broker refuses to provide services to Americans, Japanese, Chinese and representatives of several other nationalities.

Financial instruments

First of all, JAFX specializes in currency trading; more than 55 foreign currencies are represented in the trading terminal. Also, the broker is confidently engaged in cryptocurrency trading. The clients of this brokerage company have the opportunity to trade in more than 30 types of cryptocurrencies. On several occasions on the official website it has been stated that the broker works closely with a number of cryptocurrency exchanges. This suggests that the broker's transactions are provided not only from the inside, but also from the outside.

If a client is trading crypto, he/she does not need to contact banks and other financial institutions, which, according to the broker, create very favorable conditions for trading and investing 24/7. Another type of trading, that the broker offers, is CFD - contracts for price differences. Here, transactions can be implemented on the basis of prices of more than 80 financial instruments. Among them are gold, silver and other precious metals, shares of large corporations and commodities, such as oil and grain. Obviously, JAFX makes sure that its customers have a wide range of opportunities for high-quality trading.

Trading conditions

Transaction size starts from 0.01. Initial deposit is only 10 dollars. The maximum leverage is 500: 1. JAEFIX offers two options for trading terminals: MT4 and WebTrader. There are both a mobile version and a desktop version, and nothing needs to be installed with WebTrader.

Trading is carried out directly in the browser. In addition, it is possible to trade in MAM and PAMM mode. The broker encourages the use of trading bots. Traders can choose convenient trading strategies, starting from scalping and ending with long-term investments.

Special trading conditions for cryptocurrency trading

Crypto trading can also start from $ 10, the maximum leverage here is 1: 100. The broker guarantees instant execution of transactions, narrow spreads, low commissions. The client always has the opportunity to open many positions at the same time. You can put orders both in long and in short. Margin call comes with a drawdown of 100%, stop-out of 70%. Scalping, news trading and hedging are allowed. If the client is new, and he/she needs to get advice, he/she can always consult with an expert adviser, who can be contacted via the broker's official website.

Registration and personal account

To get a personal account with this broker, you need to go through step-by-step registration. Please note that entering your full name and email address will not be enough for this. As a part of “Know Your Client” policy, the broker asks to send a document that would confirm the identity of the new user. Data privacy policy ensures the safety of all customer information.

Replenishment and withdrawal of funds

Both deposit and withdrawal of funds can be carried out by using a normal bank transfer, or you can transfer your funds in the form of cryptocurrency. In the latter case, payment is accepted in bitcoins, withdrawal of funds is also possible in bitcoins. There is an option to transfer money through the Instacoins resource.

Conclusion

JAFX has been represented in the brokerage market for a long time. This suggests a very stable brokerage work and customer loyalty. However, there are a variety of feedbacks on the network. We recommend you to read carefully the user agreement and the feedbacks of real traders who have already collaborated with a broker before starting trading through this company.

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