JASFX foreign exchange brokers specializing in providing foreign exchange trading services, the company's official website https://live.jasfx.net/signup?_ga=2.79802967.1731169337.1697702772-1067131462.1697702772&_gl=1*1f8qq26*_ga*MTA2NzEzMTQ2Mi4xNjk3NzAyNzcy*_ga_FY66ZY14ZE*MTY5Nzc3MzMyNC4yLjEuMTY5Nzc3MzM0Mi4wLjAuMA..*_ga_RF8Y35RE9H*MTY5Nzc3MzMyNS4yLjEuMTY5Nzc3MzM0Mi4wLjA, about the company's legal and temporary regulatory information, the company's address P.B. 1257 Bonovo Road, Fomboni, Comoros, KM..
JASFX Forex Broker
Basic Information
Comoros
2-5 years Suspicious Regulatory License Suspicious Scope of Business High potential riskCompany profile
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JasFX Forex Broker - Complete Information Guide
1. Broker Overview
JasFX, officially known as Jas FX Ltd., was established in 2010. The company is headquartered in Suite 305, Griffith Corporate Centre, Beachmont Kingstown, P.O. Box 1510, Saint Vincent and the Grenadines. JasFX operates as a privately held entity, focusing on providing online trading services to a diverse clientele across various regions, including Europe, Africa, Latin America, and the Asia-Pacific.
Over the years, JasFX has evolved its offerings, adapting to the changing landscape of the forex market. The broker has made significant strides in technology, launching its trading platform, which aims to cater to both novice and experienced traders. The company's business model primarily revolves around retail forex trading, allowing individual investors to access a wide array of financial instruments.
JasFX has positioned itself as a global player in the online trading market, providing clients with a user-friendly platform and a range of trading options. However, it is essential to note that the broker has faced scrutiny regarding its regulatory status, which raises questions about its operational integrity.
2. Regulatory and Compliance Information
JasFX operates without valid regulation, which is a significant concern for potential investors. The broker is registered under the Saint Vincent and the Grenadines Financial Services Authority (SVG FSA), but this registration does not equate to regulatory oversight of forex activities. The SVG FSA does not provide licenses for forex trading, leaving clients without the protections typically afforded by regulated brokers.
The lack of a regulatory framework means that JasFX does not participate in any investor compensation schemes, which could protect clients in the event of broker insolvency. Furthermore, the broker claims to maintain a client funds segregation policy, ensuring that client capital is kept separate from the company's operational funds. However, without proper regulation, there is no guarantee of compliance with this practice.
JasFX also implements Know Your Customer (KYC) and Anti-Money Laundering (AML) measures to verify the identities of its clients and prevent illicit activities. While these policies are standard in the industry, the absence of regulatory oversight raises concerns about their enforcement and effectiveness.
3. Trading Products and Services
JasFX offers a diverse range of trading products, catering to various investment preferences. The broker provides access to over 40 forex currency pairs, including major, minor, and exotic pairs. Additionally, clients can trade more than 25 cryptocurrencies, including Bitcoin, Ethereum, and Litecoin.
In terms of Contracts for Difference (CFDs), JasFX offers a broad spectrum of products, including:
- Commodities: Precious metals like gold and silver, as well as energy products such as oil.
- Indices: Major stock indices from various global markets.
- Stocks: A selection of shares from prominent companies.
- Cryptocurrencies: A growing list of digital currencies available for trading.
The broker frequently updates its product offerings to stay competitive in the market, ensuring that clients have access to the latest trading instruments. This focus on variety allows JasFX to serve both retail and institutional clients effectively, although it primarily caters to individual traders.
4. Trading Platforms and Technology
JasFX supports the MetaTrader 5 (MT5) platform, which is available for both desktop and mobile devices. MT5 is renowned for its advanced trading features, including comprehensive charting tools, technical analysis capabilities, and automated trading options. This platform is widely used in the forex industry, making it a popular choice among traders.
In addition to MT5, JasFX offers a web-based trading platform, allowing clients to trade from any device with an internet connection. The broker's mobile application is compatible with both iOS and Android devices, providing traders with flexibility and convenience.
The execution model employed by JasFX is primarily STP (Straight Through Processing), which facilitates direct order execution without dealing desk intervention. This model is designed to enhance trading efficiency and reduce latency. The broker's servers are strategically located to ensure optimal performance and reliability.
JasFX also supports API access, enabling traders to integrate automated trading systems and algorithms into their trading activities. This feature appeals to more experienced traders who wish to leverage technology for improved trading outcomes.
5. Account Types and Trading Conditions
JasFX offers several account types to accommodate different trading styles and preferences:
- Standard Account: Requires a minimum deposit of $500, with floating spreads starting from 1.4 pips and no commission.
- VIP I Account: Designed for more experienced traders, this account features spreads starting from 0.6 pips and a commission of $10 per lot.
- VIP II Account: This premium account offers spreads from 0.1 pips and a commission of $6 per lot.
The broker allows a minimum trading size of 0.01 lots across all account types, providing flexibility for traders. JasFX offers a maximum leverage of up to 1:500, which can amplify both potential profits and losses. Traders should exercise caution when utilizing high leverage, as it can significantly impact their account balance.
JasFX also provides a demo account option, allowing new traders to practice their strategies in a risk-free environment. This feature is beneficial for those who are unfamiliar with the trading platform and wish to build their confidence before trading with real funds.
6. Fund Management
JasFX supports a variety of deposit methods, including:
- Bank Transfers
- Credit/Debit Cards
- Cryptocurrencies (such as Bitcoin and Tether)
The minimum deposit requirement for opening an account is set at $500. Deposits are processed quickly, with most methods offering instant processing times. However, withdrawal methods may vary, and clients should be aware of potential processing delays, particularly with bank transfers.
The withdrawal process is stated to be straightforward, but there have been reports of issues with clients experiencing delays or difficulties in accessing their funds. This raises concerns about the broker's reliability in managing client withdrawals.
JasFX does not explicitly mention any withdrawal fees, but traders should verify the terms associated with their chosen payment method. It is crucial for clients to review the withdrawal policies carefully to avoid any unexpected charges.
7. Customer Support and Educational Resources
JasFX provides customer support through various channels, including:
- Email: support@jasfx.com
- Phone: +66992947503
- Live Chat
The support team is available 24/7, ensuring that traders can seek assistance at any time. However, feedback from clients indicates that response times may vary, and some users have reported difficulties in receiving timely support.
While JasFX does not offer extensive educational resources, it does provide basic market analysis and trading tools. Traders can access daily market updates and research reports to inform their trading decisions. However, the range of educational materials, such as webinars or tutorials, appears limited compared to other brokers.
8. Regional Coverage and Restrictions
JasFX primarily serves clients from Europe, Africa, Latin America, and the Asia-Pacific regions. The broker has established a presence in these markets, aiming to cater to the diverse trading needs of its clients. However, it is essential to note that JasFX does not accept clients from several countries, including:
- United States
- Germany
- Japan
- Cuba
- North Korea
- Iran
These restrictions are in place due to regulatory considerations and the broker's operational policies. Potential clients should verify their eligibility before attempting to open an account with JasFX.
In conclusion, while JasFX offers a range of trading products and services, potential investors should exercise caution due to the broker's unregulated status and reported issues with fund withdrawals. Thorough research and consideration of the risks involved are essential before engaging in trading activities with JasFX.
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Latest Reviews
FX3875668432
Vietnam
I am an MT5 account holder: 164693 and a trading customer of JasFX. I invested in the platform based on the investment invitation from an advisor named NGUYỄN NHẬT QUANG. I deposited $3,900 and received assistance from the technical staff of the platform named TRỌNG TÍN (telegram) to buy stocks, receive dividends, and trade gold. However, when the stock price dropped after receiving dividends, I wanted to preserve my capital and cut my losing positions. I had a remaining capital of $3,732 and wanted to withdraw the money to resolve the issue and re-enter later. I informed the advisory and technical staff of the platform about this. When I received an email stating that the withdrawal request had been approved, I waited for 24 hours and 48 hours but did not receive the money. Even in the following week, I still did not receive the money. The advisory and technical staff did not answer my calls to the platform's hotline number 1900099970, and they told me to check. After that, the platform's technical staff instructed me to enter the COTTON.std order, and my account was burned with no money left, so I couldn't withdraw any money. The platform's staff is doing business in a careless manner. I am writing this article to warn everyone. Thank you.
Exposure
2024-08-13
TV03
Vietnam
I am the account holder of MT5 account 157052, a customer of the JasFX since November 2023. I regret having to publicly complain that the JasFX has failed to process my withdrawal request, despite my numerous attempts to follow up on this matter.Specifically, I have sent 22 emails to the email support_vn@jasfx.com and contacted the hotline 1900 099 970 on 11 times from May 7, 2024 to June 5, 2024, requesting that JasFX process my withdrawal of $5,000. However, the JasFX has yet to fulfill this request.Despite my continuous reminders and emphasis on the urgency of this issue, the JasFX has only responded by "acknowledging the problem" and stating they will "investigate the informationand respond as soon as possible", without providing any specific reasons for the delay. I feel the JasFX is intentionally delaying and ignoring my request in order to misappropriate investor assets.The JasFX's failure to process my withdrawal has caused me significant harm. I have had to bearlosses from being unable to continue trading, and I have also faced difficulties in my daily expenses.This delay or refusal to process withdrawal orders not only violates the JasFX's commitments toinvestors, but also erodes the trust of the community in the financial market. I urge everyone who has, is, or plans to trade on the JasFX to be vigilant and carefully consider their decision.I have decided to publicly post this complaint on various online platforms to warn the community about JasFX's failure to process customer withdrawal requests. I hope this post will help other investors avoid similar troubles.Please share this post to alert as many investors as possible about the risks involved. We need to stand up and demand that JasFX immediately cease this unacceptable behavior
Exposure
2024-06-12
FX2387177882
Vietnam
tk 163471 has more than 123k, when I withdraw 50k, the account is locked, they said I have to place this order in order to withdraw money, please help me if anyone has the authority, I will be grateful and sincerely thank you!
Exposure
2024-12-13