English

JB Drax Honoré foreign exchange brokers specializing in providing foreign exchange trading services, the company's official website http://www.jbdh.com, about the company's legal and temporary regulatory information, the company's address 4th Floor, 20 Gresham Street, London EC2V 7JE, UK.

JB Drax Honoré Forex Broker

Basic Information

Registered Region

United Kingdom

Operating Period

Company Name

JB Drax Honoré (UK) Limited

Abbreviation

JB Drax Honoré

Company employee

Customer Service Email Address

info@jbdh.com

Contact Number

+4402076458560

Company Website

http://www.jbdh.com

Company address

4th Floor, 20 Gresham Street, London EC2V 7JE, UK

Keywords

5-10 years

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

Company profile

JB Drax Honoré Review Summary Registered Country/Region United Kingdom Regulation No Regulation Market Instruments Listed Derivatives, OTC Foreign Exchange, Interest Rate Swaps Brokerage Services Trade Ideas, Trade Anonymity, Connectivity, STP, Risk, Margin Financing Customer Support LONDON: +44 (0) 207 645 8560 NEW YORK: +1 212 991 5800 SINGAPORE: +65 6303 0710 DUBAI: +971 4514 6927 Email: info@jbdh.com JB Drax Honoré 4th Floor, 20 Gresham Street, London EC2V 7JE, UK JB Drax Honoré 49 West 23rd Street, 10th floor, New York, NY 10010, USA JB Drax Honoré (Singapore) Pte Ltd 50 Collyer Quay #04-03A OUE Bayfront Singapore 049321 JB Drax Honoré (DIFC) Limited Unit OT 01-31 Level 1, Central Park Offices, Dubai International Financial Centre, Dubai, 416685, United Arab Emirates What is JB Drax Honoré？ JB Drax Honoré is an unregulated financial services firm based in the United Kingdom that offers brokerage services in various market instruments, including listed derivatives, OTC foreign exchange, and interest rate swaps. It provides a comprehensive range of services, such as trade ideas, trade anonymity, connectivity options, STP (Straight-Through Processing), risk management, and margin financing. Pros & Cons Pros Cons Comprehensive brokerage services Lack of valid regulation Diverse market instruments available Extensive customer support network Pros: Comprehensive brokerage services: JB Drax Honoré offers a wide array of brokerage services, including trade ideas, trade anonymity, connectivity options, STP, risk management, and margin financing. Diverse market instruments available: The platform supports various market instruments such as listed derivatives, OTC foreign exchange, and interest rate swaps, providing clients with diverse trading opportunities across different asset classes. Extensive customer support network: The platform offers an extensive customer support network with phone numbers in London, New York, Singapore, and Dubai, as well as email and physical addresses, providing clients with multiple channels for inquiries and assistance. Cons: Lack of valid regulation: The absence of regulation raises concerns about the safety and legitimacy of the platform. Clients may face increased risks without regulatory oversight. Is JB Drax Honoré Safe or Scam？ JB Drax Honoré currently lacks valid regulation, which raises significant concerns about its safety and legitimacy. Regulatory oversight is crucial for ensuring that a financial services provider operates within established standards and adheres to specific rules and requirements designed to protect investors and clients. Without proper regulation, there is an increased risk of fraudulent activities, scams, and inadequate consumer protection. Market Instruments Listed Derivatives: JB Drax Honoré offers trading opportunities in listed derivatives, providing access to a wide range of exchange-traded financial instruments such as futures and options contracts. Listed derivatives allow traders to speculate on the future price movements of underlying assets, including commodities, stocks, indices, and currencies, among others. These instruments are standardized and traded on regulated exchanges, offering transparency, liquidity, and efficient price discovery. OTC Foreign Exchange (Forex): The platform facilitates Over-the-Counter (OTC) trading in the foreign exchange market, allowing traders to buy and sell currencies directly with counterparties. OTC Forex trading provides flexibility in terms of contract sizes, pricing, and execution, catering to the diverse needs of individual and institutional traders. Participants in the OTC Forex market can engage in spot, forward, and swap transactions, enabling them to hedge currency risk, speculate on exchange rate movements, or facilitate international trade. Interest Rate Swaps: JB Drax Honoré offers trading in Interest Rate Swaps (IRS), which are derivative contracts that allow counterparties to exchange fixed and floating interest rate payments. Interest Rate Swaps are commonly used by institutions, corporations, and investors to manage interest rate risk, adjust cash flow profiles, and customize their debt or investment portfolios. These swaps provide flexibility in tailoring interest rate exposure and can be customized to suit specific financing or investment objectives, offering a versatile tool for managing interest rate fluctuations. Brokerage Services JB Drax Honoré provides comprehensive brokerage services tailored to meet the diverse needs of its clients. These services include: Trade Ideas: The firm offers tailored trade ideas to clients, providing insights and recommendations to support their trading decisions and objectives. Trade Anonymity: JB Drax Honoré prioritizes client confidentiality and trade anonymity, ensuring that clients' trading activities remain private and secure. Connectivity: Clients can connect to the firm's trading platforms through various channels, including proprietary order management systems (OMS), Bloomberg EMSX, and FIX and Swift messaging protocols. STP (Straight-Through Processing): Utilizing advanced technology such as Drax Prime, JB Drax Honoré ensures rapid trade execution and seamless processing, reducing the risk of errors and delays in trade settlement. Risk Management: The firm provides robust risk management solutions to help clients mitigate potential risks associated with their trading activities, ensuring the safety and security of their investments. Margin Financing: JB Drax Honoré offers margin financing services, allowing clients to leverage their capital and potentially increase their trading positions while maintaining risk control measures. Customer Service JB Drax Honoré provides a comprehensive and accessible customer support network. Their support team can be reached through different channels for ultimate convenience. Phone Number: LONDON: +44 (0) 207 645 8560 NEW YORK: +1 212 991 5800 SINGAPORE: +65 6303 0710 DUBAI: +971 4514 6927 Email:info@jbdh.com Address: JB Drax Honoré 4th Floor, 20 Gresham Street, London EC2V 7JE, UK JB Drax Honoré 49 West 23rd Street, 10th floor, New York, NY 10010, USA JB Drax Honoré (Singapore) Pte Ltd 50 Collyer Quay #04-03A OUE Bayfront Singapore 049321 JB Drax Honoré (DIFC) Limited Unit OT 01-31 Level 1, Central Park Offices, Dubai International Financial Centre, Dubai, 416685, United Arab Emirates Conclusion In conclusion, JB Drax Honoré offers a comprehensive suite of brokerage services and provides access to various market instruments, catering to diverse trading needs. Despite its robust offerings, the absence of valid regulation raises significant concerns about the platform's safety and legitimacy. Clients should prioritize investor protection and regulatory compliance when evaluating their options in the financial services industry. Frequently Asked Questions (FAQs) Q 1: Is JB Drax Honoré regulated？ A 1: No. It has been verified that this broker currently has no valid regulation. Q 2: What market instruments does JB Drax Honoré offer？ A 2: It offers brokerage services in listed derivatives, OTC foreign exchange, and interest rate swaps. Q 3: What brokerage services does JB Drax Honoré provide？ A 3: It offers a range of brokerage services, including trade ideas, trade anonymity, connectivity options, STP (Straight-Through Processing), risk management, and margin financing. Q 4: Is JB Drax Honoré a good broker for beginners？ A 4: No. It is not a good choice for beginners because of its unregulated condition. Risk Warning Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies. In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then. Therefore, readers are advised to always verify updated information directly with the company before making any decision or taking any action. Responsibility for the use of the information provided in this review rests solely with the reader.

JB Drax Honoré broker review

Is JB Drax Honoré safe or scam

Rating Index

How to login to JB Drax Honoré?

jb drax honoré Complete Account Guide: Registration, Account Opening, and Login Processes Part One: Account Registration Process How to Register a jb drax honoré Account Registering for a jb drax honoré account is the first step in accessing their extensive range of financial services. Follow these

JB Drax Honoré Forex Broker - Complete Information Guide

1. Broker Overview

　　JB Drax Honoré, established in 2004, operates as a private financial services firm primarily engaged in brokerage activities. The company is headquartered in London, United Kingdom, with significant offices located in New York, USA, Singapore, and Dubai, UAE. Founded by Jonathan Glassberg and Benn Shepherd, JB Drax Honoré has developed a reputation for offering a range of specialized financial services, focusing on institutional clients and high-net-worth individuals.

　　The firm primarily serves markets in listed derivatives, over-the-counter (OTC) foreign exchange, and interest rate swaps. With over 19 years of experience, JB Drax Honoré has established a strong international presence, catering to a diverse clientele that includes institutional investors and corporations. The company operates under a business model that emphasizes trade anonymity and connectivity, ensuring that clients receive optimal execution without proprietary risk.

　　JB Drax Honoré is a privately held company, meaning it is owned by its employees, with Macquarie Bank as a minority external shareholder. The firm's operational strategy revolves around acting solely as a broker, which allows it to maintain a conflict-free environment for price discovery and liquidity sourcing. This model positions the firm as a significant player in the financial markets, particularly in the interest rate swap business.

　　In summary, the JB Drax Honoré broker is a well-established financial services firm that has built a solid foundation in the brokerage industry over the years.

2. Regulatory and Compliance Information

　　JB Drax Honoré currently operates without valid regulation, which raises significant concerns regarding its legitimacy and safety. The firm lacks oversight from major regulatory authorities, which is a crucial factor for ensuring investor protection. According to various sources, there is no verified regulatory license associated with JB Drax Honoré, and its regulatory status is categorized as unregulated.

　　The absence of regulation means that customers may face increased risks, including potential fraudulent activities and inadequate consumer protection. Regulatory oversight is essential for financial services providers to operate within established standards and adhere to specific rules designed to safeguard investors.

　　While the firm has established offices in multiple jurisdictions, including the United Kingdom, Singapore, and Dubai, it has not provided sufficient information regarding its compliance with local laws and regulations. The lack of a clear KYC (Know Your Customer) and AML (Anti-Money Laundering) policy further complicates its operational credibility.

　　In conclusion, the unregulated status of the JB Drax Honoré broker is a significant red flag for potential investors, highlighting the importance of thorough research and careful consideration before engaging with this firm.

3. Trading Products and Services

　　JB Drax Honoré offers a diverse array of trading products and services aimed at meeting the needs of both retail and institutional clients. The firm provides access to various market instruments, including:

Foreign Exchange (Forex): JB Drax Honoré facilitates trading in a wide range of currency pairs, allowing clients to engage in both major and exotic pairs.
Contracts for Difference (CFDs): The firm offers CFDs across multiple asset classes, including indices, commodities, stocks, and cryptocurrencies.
Listed Derivatives: Clients can trade exchange-traded financial instruments, such as futures and options contracts, enabling speculation on future price movements of underlying assets.
Interest Rate Swaps: JB Drax Honoré specializes in interest rate swaps, allowing counterparties to exchange fixed and floating interest rate payments.

　　The platform is designed to provide clients with diverse trading opportunities, catering to various investment strategies and risk appetites. While the firm claims to support a wide range of products, specific details regarding the number of currency pairs and the frequency of product updates are not publicly disclosed.

　　Additionally, JB Drax Honoré offers tailored services for institutional clients, including trade ideas, connectivity options, and risk management solutions. The firm also emphasizes trade anonymity, ensuring that clients' trading activities remain confidential.

　　In summary, the JB Drax Honoré broker provides a comprehensive suite of trading products and services, catering to both retail and institutional investors.

4. Trading Platforms and Technology

　　JB Drax Honoré supports trading through various platforms, although specific details regarding their proprietary trading technology are limited. The firm does not explicitly mention support for popular platforms like MetaTrader 4 or MetaTrader 5, which are widely used in the forex trading industry.

　　The firm's trading environment is characterized by its focus on trade anonymity and connectivity. Clients can connect to JB Drax Honorés trading platforms through various channels, ensuring rapid trade execution and seamless processing. The firm claims to utilize advanced technology to facilitate straight-through processing (STP), which minimizes errors and delays in trade settlement.

　　While the specifics of the servers and technical infrastructure have not been disclosed, the firm emphasizes its commitment to providing a secure and efficient trading environment. However, details regarding API access and automated trading support are not readily available.

　　In conclusion, while the JB Drax Honoré broker offers some technological capabilities, the lack of transparency regarding trading platforms and execution methods may be a concern for potential clients.

5. Account Types and Trading Conditions

　　JB Drax Honoré provides various account types to accommodate different trading needs. However, detailed information regarding specific account conditions, such as minimum deposit requirements, spreads, and commissions, is not extensively documented.

Standard Accounts: These accounts typically require a minimum deposit, but the exact figures have not been disclosed. The firm may offer competitive spreads and commission structures, although specific rates are not publicly available.
Advanced Accounts: For more experienced traders, JB Drax Honoré may provide premium account types with enhanced features, but details on these offerings remain scarce.
Specialized Accounts: Options such as Islamic accounts and corporate accounts may be available, but further information is lacking.

　　The leverage offered by JB Drax Honoré varies by product, but specific ratios have not been disclosed. Additionally, the minimum trade size and overnight fees are not clearly outlined, making it challenging for potential clients to assess the overall trading conditions.

　　In summary, while the JB Drax Honoré broker offers a range of account types, the lack of detailed information regarding trading conditions may limit its appeal to prospective clients.

6. Fund Management

　　JB Drax Honoré supports various deposit methods, including bank transfers, credit cards, and electronic wallets. However, specific details regarding the minimum deposit requirements for different account types are not publicly available.

Deposit Processing Time: The firm does not disclose the typical processing times for deposits, which may vary based on the method used.
Deposit Fees: Information regarding any applicable deposit fees is also not provided.

　　For withdrawals, JB Drax Honoré has not specified the available methods or any associated limitations. The withdrawal processing times and fees are similarly undisclosed, which can create uncertainty for clients regarding their ability to access funds.

　　In conclusion, the JB Drax Honoré broker lacks transparency in its fund management policies, making it difficult for clients to understand the costs and processes associated with deposits and withdrawals.

7. Customer Support and Educational Resources

　　JB Drax Honoré offers a range of customer support channels to assist clients with their inquiries. Support is available via:

Phone: Clients can reach out to dedicated support lines in London, New York, Singapore, and Dubai.
Email: The firm provides an email address for inquiries.
Online Chat: Availability of live chat support is not explicitly mentioned.

　　The customer support team operates across different time zones, ensuring assistance is available to clients worldwide. However, specific service hours have not been detailed.

　　JB Drax Honoré also emphasizes the importance of education in trading. While the firm may offer resources such as webinars, tutorials, and market analysis, detailed information regarding these educational offerings is not readily available.

　　In conclusion, while the JB Drax Honoré broker provides multiple support channels, the lack of comprehensive educational resources may limit the ability of clients to enhance their trading knowledge.

8. Regional Coverage and Restrictions

　　JB Drax Honoré operates in several key markets, including the United Kingdom, United States, Singapore, and Dubai. The firm has established regional offices to cater to its diverse clientele.

　　However, specific countries or regions from which JB Drax Honoré does not accept clients have not been disclosed. This lack of information may pose challenges for potential investors seeking to understand the firm's geographical limitations.

　　In summary, while the JB Drax Honoré broker has a global presence, the absence of clear information regarding regional restrictions may hinder its appeal to some clients.

　　In conclusion, JB Drax Honoré presents a comprehensive suite of brokerage services and access to various market instruments, catering to diverse trading needs. However, the absence of valid regulation raises significant concerns about the platform's safety and legitimacy. Clients should prioritize investor protection and regulatory compliance when evaluating their options in the financial services industry.

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