Jade FOREX Forex Broker

Note: Jade FOREX's official website: https://jade-belfort.com/ is currently inaccessible normally.Jade FOREXReview SummaryFounded2021Registered Country/RegionSeychellesRegulationNot regulatedMarket InstrumentsCurrency pairs, precious metals, energiesDemo Account/LeverageUp to 1:200EUR/USD SpreadFrom 0.8 pips - Standard Account (STP) accountTrading PlatformMT4 and cTraderMin Deposit1000 JPYCustomer SupportEmail: contact@jade-forex.comPhone: +852 8193 0346Contact formAddress: Nobel Capital Group Limited of Room B11, First Floor, Providence Complex, Providence, Mahe, SeychellesSocial media: Twitter and LINE Jade FOREX, founded in 2021 and registered in Seychelles, offers various trading assets, including currency pairs, precious metals, energies with spread from 0.0 pips and leverage up to 1:200 via two trading platforms: MT4 and cTrader. However, Jade FOREX operates without regulation, and its minimum deposit is as high as 1000 JPY.Pros and ConsPros Cons Various trading assetsHigh minimum depositHigh leverageNot regulatedTight spreadsLack of transparencyPopular trading platforms - MT4 and cTraderIs Jade FOREX Legit? Jade FOREX appears to offer a range of attractive features and security measures for forex traders, including the use of SSL encryption for secure transactions, 24/7 deposit availability, access to Tier-1 liquidity providers for competitive interbank rates, the adoption of Non Dealing Desk (NDD) execution for price transparency and fair trading, and a commitment to high-quality infrastructure for reliable execution speeds and price accuracy. However, the significant concern with Jade FOREX is its lack of regulation. Regulation by a reputable financial authority is crucial in the forex industry as it provides traders with a level of security, trust, and recourse in the event of disputes or broker's insolvency. Without regulation, protections against fraudulent activities are minimal, and the risk to your invested capital increases significantly. While Jade FOREX offers promising trading conditions and security measures, the absence of regulatory oversight means that the risk of financial loss due to malpractice or fraud is markedly higher.What Can I Trade on Jade FOREX?Tradable InstrumentsSupported Forex✔Precious metals✔Energies ✔Indices❌Stocks ❌Cryptos ❌Options ❌Account Type Jade FOREX offers two account types: the Standard Account (STP) and the Low Spread Account (ECN). To open a Standard Account. Whether the demo account is offered, it is not mentioned.Account TypeStandard (STP)Low Spread (ECN)Min Deposit1,000 JPYAccount CurrencyUSD or JPYMin Trading Unit0.01 lotsMax Trading Unit30 lotsExecutionStraight Through Processing (STP)Electronic Communication Network (ECN)Leverage Jade FOREX offers leverage up to 1:200. High leverage comes with not only high returns but high losses.Spread and Commission Jade FOREX offers two account types with different spreads: Standard Account (STP) has a spread starting from 0.8 pips for EUR/USD. Law Spread Account (ECN) offers tighter spreads starting from 0.0 pips for EUR/USD. ECN accounts typically come with commission fees on trades, but the information on commissions is not provided in the details you gave.Trading PlatformTrading PlatformSupported Available Devices Suitable for MT4✔Web, Desktop and MobileBeginnersMT5❌/Experienced traderscTrader✔Web, Desktop and MobileExperienced tradersDeposit and Withdrawal Deposit Options Deposit Option CurrencyMin. DepositFeeProcessing Time Bank transferUSD, JPY1,000 USD or 100,000 JPY❌1-3 business daysBitcoin 50 USD or equivalentImmediatelyEthereum USDT (ERC20)USDC (ERC20)XRP (Ripple) Withdrawal OptionsWithdrawal Option CurrencyMin. Withdrawal FeeProcessing Time Bank transferUSD, JPY30 USD3000JPY (30 USD) equivalent or 1.5% of the withdrawal amount2-5 working daysUSDT (ERC20)30 USDT