Jones Mutual Forex Broker

Note: Jones Mutual's official website - https://www.jonesmutual.com/#/ is currently inaccessible normally.Jones Mutual Review SummaryFounded/Registered Country/RegionEstoniaRegulationNo regulationMarket InstrumentsCurrency pairs, stocks, indices, precious metals, commoditiesDemo Account✅LeverageUp to 1:100EUR/USD SpreadFloating around 3 pipsTrading PlatformWebTraderMin Deposit/Customer SupportTel: +44 -131 608 0640Email: support@jonesmutual.com Janes Mutual is a CFD broker, owned and operated by Greenriver OU, with its registered office in Tallinn, Eisenia. Janes Mutual is not currently regulated in any way, and potential risks cannot be ignored.Pros and ConsPros Cons Diverse tradable assetsInaccessible websiteDemo accountsLack of regulationPopular payment methodsWide EUR/USD spreadNo MT4 or MT5Withdrawal fee chargedIs Jones Mutual Legit? No, Jones Mutual is not regulated by the financial services regulatory authority in Estonia, which means that the company lacks regulation from its registration site. Besides, it was disclosed by The Financial Supervision Authority to be unauthorized. Please note the potential risks!What Can I Trade on Jones Mutual? Jones Mutual provides different types of products, including currency pairs, stocks, indices, precious metals, and commodities.Tradable Instruments Supported Currency Pairs✔Stocks✔Indices✔Precious Metals✔Commodities✔Cryptocurrencies❌Bonds❌Options❌ETFs❌Leverage The leverage can be up to 1:100. Traders need to consider carefully, because high leverage is likely to bring high potential risks.Spread The EUR/USD spread in Janes Mutual demo account is 3 pips, which is twice the industry average, which means higher trading costs for investors.Trading Platform Jones Mutual uses a web-based trading platform, and it does not support MT4 or MT5.Trading PlatformSupported Available Devices Suitable forWebTrader✔PC, web/MT4❌/BeginnersMT5❌/Experienced tradersDeposit and Withdrawal Jones Mutual accepts several types of payment options, including VISA, MasterCard, and bank wire. Besides, it charges certain amounts of fees.Payment OptionWithdrawal Fee NoteVISA/MasterCard3.5%$20 fees are charged if withdrawals are below $100Bank wire$20