Rating Index

Pros

Automated trading options available, allowing for easier trading without extensive experience.

User-friendly interface that appeals to traders of all skill levels.

Potential for high leverage, which can magnify profits for experienced traders.

Cons

Unregulated and operates as an offshore broker, raising concerns about safety and legitimacy.

Reports of withdrawal issues and excessive fees, indicating potential scams.

Lack of customer support options, such as live chat or direct contact, making it difficult for users to resolve issues.

SJFX broker Accounts

SJFX Account Types

SJFX offers a standard account with a minimum deposit requirement that is not explicitly disclosed. The broker allows clients to utilize leverage of up to 1:100, which is higher than the levels deemed appropriate by many regulators. The trading conditions, including spreads and commissions, are not clearly defined on their website. However, it is mentioned that the spread for the EUR/USD pair starts from 0.7 pips, but actual demo account testing revealed a fixed spread of 3 pips, which is significantly higher than the industry average.

SJFX Broker Account Opening Process

To open an account with SJFX, follow these steps:

Visit the SJFX Website: Go to the official SJFX website to begin the registration process.
Fill Out the Application Form: Complete the application form with your personal information, including name, address, and contact details.
Select Account Type: Choose the standard account type that suits your trading needs.
Verify Your Identity: Provide proof of identity and address by submitting a scanned copy of your government-issued ID and a recent utility bill or bank statement.
Fund Your Account: Once your identity is verified, fund your trading account using one of the available deposit methods.
Download the Trading Platform: Access the MT5 trading platform, which is available for various devices, and install it.
Start Trading: After funding your account and setting up the platform, you can begin trading.