Jumpyle FX Forex Broker

Note: Jumpyle FX's official website - https://www.jumpyle.cc is currently inaccessible normally.Jumpyle FXReview SummaryFounded2023Registered Country/RegionChinaRegulationASIC/VFSC (Suspicious clone)Market InstrumentsForex, commodities, indicesDemo Account✅LeverageUp to 500:1SpreadFrom 1 pip (Standard)From 0 pips (ECN)Trading PlatformMT4Min Deposit$200Customer Support/ Jumpyle FX was founded in 2023 in China. It uses MT4 as its trading platform, and offers trading services related to the forex, commodity, and indice markets. Besides, it provides 2 types of accounts, with a minimum deposit of $200 and a maximum leverage of 500:1. However, this company holds 2 suspicious clone licenses, and it does not provide channels for customer support.Pros and ConsPros Cons Demo accountsInaccessible websiteMT4 supportedSuspicious clone licensesPopular payment optionsHigh minimum depositNo channel for customer supportIs Jumpyle FX Legit? No, Jumpyle FX currently has no valid regulations. It only holds 2 suspicious clone licenses.Regulatory AuthorityAustralia Securities & Investment Commission (ASIC)Regulatory Status Suspicious cloneRegulated by AustraliaLicensed Institution DLS MARKETS (AUST) PTY LTDLicensed TypeFinancial ServiceLicensed Number296805Regulatory AuthorityVanuatu Financial Services Commission (VFSC)Regulatory Status Suspicious cloneRegulated by VanuatuLicensed Institution DLS Markets LimitedLicensed TypeRetail Forex LicenseLicensed Number700455What Can I Trade on Jumpyle FX? Jumpyle FX provides several types of products, including forex, commodities, and indices.Tradable Instruments Supported Forex✔Commodities✔Indices✔Stocks❌Cryptos❌Bonds❌Options❌ETFs❌Account Type Jumpyle FX offers 2 types of accounts: Standard Account and ECN Account, with a minimum deposit requirement of $200. Besides, demo accounts are also available.Leverage The maximum leverage for both account types is 500:1. Careful considerations are recommended, because high leverage is likely to bring high potential risks.Jumpyle FeesAccount TypeSpreadCommissionStandard AccountFrom 1 pip❌ECN AccountFrom 0 pips$6 per round tradeTrading PlatformTrading PlatformSupported Available Devices Suitable forMT4✔Web, desktop, mobileBeginnersMT5❌/Experienced tradersDeposit and Withdrawal Jumpyle FX supports different types of payment options, including MasterCard, VISA, Neteller, Skrill, and bank transfers. However, other details such as the processing time and fees are not clear.