UPWAY Forex Broker

JRJRReview SummaryRegistered Country/RegionHong KongRegulationNo regulationMarket InstrumentsGold and silver CFDs, physical goldTrading PlatformMT4, MT5, JRJR AppDemo account✔Account TypeStandard account, Demo accountMin Deposit$70Customer SupportPhone: +852 2385 0868Email: cs@jrjr.comPhysical Address: 21/F, Nina Tower 2, 8 Yeung Uk Road, Tsuen Wan, N.T., Hong KongJRJR Information JRJR, founded in Hong Kong, is a financial trading platform specializing in precious metals, particularly in spot gold trading. It provides 2 types of accounts and 3 types of trading platforms. But it is unregulated.Pros and ConsProsCons14-year brand historyUnregulated3 types of trading platform availableLimited asset diversityLow commissions & feesIs JRJR Legit? It is clear that JRJR is currently unregulated.What Can I Trade on JRJR? JRJR offers traders the opportunity to trade gold and silver CFDs, physical gold.Account Types JRJR offers 2 different types of accounts to traders - Standard Account and Premium Account. Standard Account: Suitable for regular clients, with preferential rates and spreads. Premium Account: Suitable for clients with larger funds or institutional investors, with greater discounts and spreads. Requirement: A standard account can be upgraded to a Premium account with a single deposit of USD 20,000. If the Premium account fails to meet the required trading volume for 90 days, it will be downgraded to a standard account.JRJR Fees JRJR charges no commissions. But it charges 1.25% swaps for buying and 0.75% swaps for selling. Spot gold's spreads is $20/lot, and Spot silver's spreads is $100/lot.Produce typeSpot gold XAU/USDSpot silver XAU/USDSpreads$20/lot$100/lotTransaction margin$1000/lot$650/lotSwapBuy: 1.25% (annual interest rate)Sell: 0.75% (annual interest rate)Both buying and selling require paymentsBuy: 1.25% (annual interest rate)Sell: 0.75% (annual interest rate)Both buying and selling require paymentsCommissions$0$0Trading Platform JRJR's trading platform are MT4, MT5 and a JRJR app, which supports traders on PC, Mac, iPhone and Android.Trading PlatformSupportedAvailable DevicesSuitable forMT4✔Web, MobileBeginnerMT5✔Web, MobileProficientJRJR App✔Web, MobileDeposit & Withdrawal JRJR offers 3 deposit methods - RMB online payment, digital wallet payment, bank transfer. JRJR offers 2 withdrawal methods - Cryptocurrencies, domestic or Hong Kong/oversea region bank cards.CriteriaGeneral MembersVIP MembersNotesDeposit FeesNoneNoneHassle-free deposits with no associated feesWithdrawal Amount Below 50$3 fee$3 feeFixed fee for withdrawals below $50Unmet 50% Trading Volume6% fee6% feeFee is based on deposited amount if 50% trading volume not metFree Withdrawals Per DayUp to 3Up to 5Fee-exempted withdrawalsAdditional Withdrawals6% fee6% feeFee incurred for withdrawals exceeding daily limitProcessing Time for Withdrawal1 business day1 business dayAfter identity checks and verifications