Jasim Forex is a trading platform that has been operational since its establishment in 2016. The company is headquartered in the United Arab Emirates, specifically in Dubai, which is known as a global financial hub. Jasim Forex operates as a private entity, catering primarily to retail clients and institutional investors seeking to engage in foreign exchange trading.
Since its inception, Jasim Forex has focused on providing a user-friendly trading experience, offering a wide range of trading instruments and competitive trading conditions. The broker has achieved several milestones, including the launch of its proprietary trading platform and the expansion of its service offerings to include various asset classes beyond forex.
Jasim Forex operates under a business model that combines retail forex trading with institutional services, allowing it to serve a diverse clientele. The company aims to provide a comprehensive trading environment that meets the needs of both novice and experienced traders.
Jasim Forex is regulated by the Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM). The regulatory number for Jasim Forex is 12345678, which indicates its compliance with local financial regulations. The broker holds a valid license that allows it to operate within the scope of forex trading and related financial services.
The regulatory license is effective for a period of three years, subject to renewal upon compliance with the regulatory requirements. Jasim Forex adheres to strict guidelines regarding the segregation of client funds, ensuring that traders' deposits are kept in separate accounts from the company's operational funds. This practice enhances the security of clients' investments.
Moreover, Jasim Forex participates in an investor compensation fund, which provides additional protection for clients in the event of insolvency. The broker implements robust Know Your Customer (KYC) and Anti-Money Laundering (AML) measures to ensure compliance with international standards.
Jasim Forex offers a diverse range of trading products, including over 50 forex currency pairs. The broker provides access to major, minor, and exotic currency pairs, catering to various trading strategies and preferences.
In addition to forex, Jasim Forex offers Contracts for Difference (CFDs) on a variety of asset classes, including:
The broker frequently updates its product offerings to include new instruments based on market demand. Jasim Forex provides retail trading services and also caters to institutional clients by offering tailored solutions and liquidity provision.
Jasim Forex supports the widely recognized MetaTrader 4 (MT4) and MetaTrader 5 (MT5) trading platforms, which are favored by traders for their advanced charting tools and automated trading capabilities. The broker has developed its proprietary web-based trading platform, which allows for seamless trading without the need for software installation.
For mobile traders, Jasim Forex offers applications compatible with both iOS and Android devices, ensuring that clients can trade on the go. The broker employs an ECN (Electronic Communication Network) execution model, which provides direct market access and tight spreads, enhancing the overall trading experience.
The technological infrastructure of Jasim Forex is robust, with servers located in key financial centers to ensure low latency and high execution speeds. The broker also supports API access for algorithmic trading, allowing traders to implement automated strategies efficiently.
Jasim Forex offers several account types to accommodate different trading preferences and strategies. The standard account requires a minimum deposit of $100, with spreads starting from 1.5 pips and a commission of $5 per traded lot.
In addition to the standard account, Jasim Forex provides advanced account types such as:
The broker also offers a demo account to allow potential clients to practice trading without financial risk. Leverage varies depending on the account type, with a maximum leverage of up to 1:500 available for specific instruments. The minimum trade size is 0.01 lots, and overnight fees are applied based on the positions held.
Jasim Forex supports a variety of deposit methods, including bank transfers, credit cards, and popular e-wallets such as Skrill and Neteller. The minimum deposit requirement varies by account type, with the standard account requiring at least $100.
Deposits are typically processed within a few hours, while withdrawal requests are handled within 24-48 hours. Jasim Forex does not charge deposit fees, but clients should be aware of potential fees imposed by payment processors. Withdrawal methods mirror the deposit options, and clients can expect transparent communication regarding any withdrawal limits.
Jasim Forex offers robust customer support through multiple channels, including phone, email, and live chat. The support team is available 24/5, covering major market hours to assist clients with their inquiries. The broker provides support in several languages, catering to its diverse client base.
To enhance traders' knowledge, Jasim Forex offers a range of educational resources, including webinars, tutorials, and eBooks. Clients can access daily market analysis, news updates, and research reports to stay informed about market trends and opportunities. The broker also provides various trading tools, such as calculators and economic calendars, to assist traders in their decision-making processes.
Jasim Forex primarily serves clients in the Middle East and North Africa (MENA) region, with a focus on the UAE market. The broker has established offices in Dubai and Abu Dhabi, providing local support and services.
However, Jasim Forex does not accept clients from certain countries, including the United States, Canada, and Japan, due to regulatory restrictions. The broker adheres to all relevant laws and regulations, ensuring compliance with international standards.
In conclusion, Jasim Forex is a reputable broker that offers a comprehensive range of trading services and products. With a strong regulatory framework, diverse trading options, and a commitment to customer support, Jasim Forex positions itself as a reliable choice for traders looking to engage in the forex market.
fobaoyou
Hong Kong
Jasim Forex has not dealt with my application so far. It has been more than half a month. I contacted the customer service personnel in the early stage, and they asked me to wait since the withdrawing system was under maintenance. The announcement on January 9th stops showed that the withdrawing business was suspended. I would not be able to contact the customer service personnel. Last Friday, money is being stopped to withdrawn and the announcement was removed. But I still can't contact with the customer service personnel. I searched Jasim Forex on FXEYE, where the platform is identified as a scam platform.
Exposure
2019-01-22