JRFX foreign exchange brokers specializing in providing foreign exchange trading services, the company's official website https://login.jrfx.com/#/user/reg/lang=en&1618372832936, about the company's legal and temporary regulatory information, the company's address Hobsonville Road, Hobsonville, Auckland, 0618, New Zealand.
JRFX Forex Broker
Basic information
New Zealand
5-10 years Suspicious Regulatory License MT4 Full License United Kingdom Appointed Representative(AR) Revoked High potential riskCompany profile
JRFX Information
Founded in 2005, JRFX is an unregulated broker registered in New Zealand, offering trading on forex, commodities, indices and US stocks with leverage up to 1:1000 and spread from 0.7 pips on the Standard account through the MT4 and JRFX APP platforms. Demo accounts are available and the minimum deposit requirement to open a live account is $100.
Pros and Cons
| Pros | Cons |
| Various trading products | No valid regulations |
| Demo accounts | Unknown payment options |
| Multiple account types | |
| Commission-free accounts offered | |
| MT4 platform | |
| 24/7 live chat |
Is JRFX Legit?
No. JRFX currently has no valid regulations. Please be aware of the risk!
| Regulated Country | Regulator | Current Status | Regulated Entity | License Type | License No. |
| Financial Conduct Authority (FCA) | Revoked | Up Way UK Global International Limited | Appointed Representative (AR) | 913023 | |
| Financial Conduct Authority (FCA) | Revoked | Upway Global Market (UK) Limited | Appointed Representative (AR) | 991852 | |
| The Chinese Gold & Silver Exchange Society (CFSE) | Suspicious Clone | 金荣中国金融业有限公司 | Type AA License | 084 |
What Can I Trade on JRFX?
| Tradable Instruments | Supported |
| Forex | ✔ |
| Commodities | ✔ |
| Indices | ✔ |
| US stocks | ✔ |
| Cryptocurrencies | ❌ |
| Bonds | ❌ |
| Options | ❌ |
| ETFs | ❌ |
Account Type
Here are three account types JRFX offers:
| Account Type | Min Deposit |
| EasyPro | $100 |
| Standard | $100 |
| ECN | $10 000 |
Leverage
| Account Type | Max Leverage |
| EasyPro | 1:1000 |
| Standard | 1:500 |
| ECN | 1:200 |
Since leverage, can amplify both profits as well as losses, choosing the right amount is a key risk determination for traders.
JRFX Fees
| Account Type | Spread | Commission |
| EasyPro | From 1.2 pips | ❌ |
| Standard | From 0.7 pips | ❌ |
| ECN | From 0 pips | $3.5/lot per side |
Trading Platform
| Trading Platform | Supported | Available Devices | Suitable for |
| JRFX APP | ✔ | Android, IOS, Google play | / |
| MT4 | ✔ | Desktop, mobile | Beginners |
| MT5 | ❌ | / | Experienced traders |
Rating Index
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Latest Reviews
Rymond Lus
Australia
Their proprietary app is great for checking in on the markets on the go. Handy little thing
Positive
2024-08-07
T信念
Hong Kong
Inducing consumption, they offer a bonus upon entry, but do not allow withdrawals within two months.
Exposure
2024-10-05