General Information and Regulation
JAFXis an online trading broker registered in st vincent and the grenadines. the official website of JAFX does not have any valid information about the regulation. Since unregulated traders cannot guarantee traders' funds, traders should choose another online broker service that is regulated by a respected regulatory authority such as FCA, ASIC, NFA, CFTC, or CYSEC. Traders' funds will not be safe and secure with JAFX , since it does not comply with any rule of a regulatory company. And the accounts with JAFX they are not available to residents of many countries. Some mentioned are United States, Germany, Japan, Ghana, Burma, Ivory Coast, Congo, Cuba, Iran, Iraq, Lebanon, Libya, Malta, North Korea, Somalia, Sudan, Syria, United States, Vietnam and Zimbabwe. The official website of the broker does not work, and the information is also not available on other websites, so traders only perform ill-conceived browsing.
JAFXoffers investors a small range of financial instruments, including 47 forex pairs, 107 stocks, and 30 cryptocurrencies. bitcoin, litecoin, ethereum, cfds: gold, silver, other precious metals, stocks, oil, other commodities. jasfx does not disclose the type of algorithm its software uses. the company hopes to provide automated trading services. however, you need to be careful that you don't end up buying the wrong trading instruments.
JAFXoffers traders a standard account that is perfect for most regular traders. The account is easy and quick to set up, with a minimum initial deposit of $10, a minimum trade size of 0.01 lots.
in terms of trading leverage, the maximum leverage level offered by JAFX is up to 1:500. unregulated brokers tend to use high leverage to attract new traders. Leveraged product trading increases a trader's potential profits, but of course, it also increases potential losses. This service allows traders to gain more market exposure than the amount they deposited to open a trade.
Spread and Commissions
the platform JAFX it offers floating spreads, which can be viewed in the mt4 software, and a commission of $4 per traded lot. The cost of trading depends on different factors such as commissions, spreads and margins. The spreads of a forex pair is the difference between the bid and ask rate. a pip represents the smallest increment that an exchange rate can move. a pip is 0.01 for forex pairs with jpy as the term currency and 0.0001 for all other pairs. the amount of money required in your account to Opening a position is called margin and is calculated based on the current price of the base currency against the USD, the size (volume) of the position, and the leverage applied to your account. Commissions are the charges imposed by an investment broker on a trader for performing trades on the trader's behalf. The level of commissions depends on the asset being traded and the type of service offered by the broker.
Available Trading Accounts
afx offers traders the option to open a demo account before starting to trade with a live account. The broker offers an unlimited mt4 demo account where they can practice trading strategies in a risk-free environment. no need to register for a trading account or even deposit for a demo account JAFX .
there are two ways to create a demo account JAFX . you can visit JAFX webtrader and open a demo account online or download and install JAFX mt4 and open a demo account on mt4. JAFX offers only one real account, namely the standard trading account of JAFX which suits most professional traders.
JAFXprovides traders with the market leading and widely acclaimed MT4 trading platform as well as the webtrader trading platform. mt4 is known to be the ideal platform for forex trading with powerful charting and data analysis tools, an intuitive and clear interface, and support for ea smart trading, allowing traders of all levels to develop strategies appropriate trades to help them operate with ease.
open account JAFX It is relatively simple because we will only have to fill out its online form and enter our personal information. then we will have to prove our data by sending copies of our chosen identity document, as well as our residence, which may be copies of our electricity or water bills, for example. once the team JAFX check the data we can start operating for which we will have to deposit money by one of the available means.
Deposit and Withdrawal
JAFXit only requires a minimum deposit of $10 to open a standard live account. $100 is required to open a corporate account. The following methods can be used to fund accounts or make withdrawals: bitcoin, debit cards, credit cards. deposits generally post to your account within 6 hours. Withdrawing money takes a bit of time as bitcoin withdrawals take 24-48 business hours to process and as soon as it is approved it will be reflected in your wallet within an hour.
JAFXis exposed to multiple red flags in this fair review of the entity. the company immediately urges traders to set up an account and benefit massively. how they attract the same returns is questionable and highly doubtful. JAFX it is not under the radar of any legitimate regulator. Likewise, the company does not provide any relevant data that demonstrates the contrary. accordingly, it is illegal to generate funds from the public without the following mandatory regulatory measures.
Advantages and disadvantages
- The minimum deposit is 10 dollars
- Leverage is up to 1:500
- the summary of JAFX :
- One of the disadvantages of the broker is the lack of developed investment programs and a training section.
- The language of the support service is only English.
Is the Trading Platform Safe？
JAFXis a fairly new broker in the forex market, but the fact that it is unregulated raises red flags. Traders' funds are at risk when they use this broker to trade. the lack of educational and research tools is also a negative point against this broker. I did not use any broker that is at risk as no account is guaranteed to make or is likely to make profits or losses similar to those discussed on the broker's website. potential traders should first familiarize themselves with all of these associated risks and seek the advice of an independent financial adviser.
You can contact customer service at JAFX in various ways. for example, through the online service of real-time chat, email, telephone and directly through their local offices. response times are usually fast within market hours and responses are professional and informative. they also provide a detailed FAQ section that can help you address many of the most common questions you may have without even contacting customer support. company phone number 442035197974, company website .https://www. JAFX .com/