Updated Review of JAFX Forex Broker
Reviewed Broker: JAFX
Operated by JAFX Ltd
Established in 2013
Location: The Financial Services Centre, Stoney Ground, Kingstown, St Vincent and The Grenadine
Trading instruments: Forex Currencies, Stocks, Crypto including Bitcoin
Why to Choose JAFX?
Forex Broker with Various Trading Features
JAFX is a fully transparent Forex broker, dedicated to providing its clients with tailor-made trading solutions.
Easy & Fast Setup
Ease of use through its user friendly interface.Real time client account summary, including account equity, floating profit and loss etc.
Fast Withdraw and Deposit
You can withdraw funds from a trading account to an electronic wallet within seconds. Deposit are completely automated and instant
JAFX Clients are able to access all trading tools on the go with our iOS/Android mobile trading app. Trade anywhere and anytime.
Trading Conditions with JAFX
Minimum deposit requirement $10
Maximum leverage up to 1:500
Minimum lot trading 0.01
Total currencies: 47
Demo account: yes with $50,000 virtual money to practice with
JAFX Spreads in Pips keep your trading costs low
Average spreads on EUR/USD 0.8, GBP/USD 0.9, USD/JPY 0.8, GBP/JPY 1.3, EUR/JPY 1.3
JAFX TRADING ACCOUNT
The JAFX Trading Account is our standard account that is perfectly suited to the majority of professional traders. The account is quick and easy to setup and can be fully administered from the JAFX Portal.
- Low Latency
- Leverage Up To 1:500
- No Re-Quotes
- Minimum Trade Size 0.01 Lot
- $4 Commission Per Lot RT
- Spreads Starting From 0.4
- Spread Average Of 0.6
- Hedging allowed
Islamic Forex Account
Allows traders of the Muslim faith to take advantage of JAFX Forex’s world class conditions, swap free.
Payment Options for Deposits and Withdrawals
Payment methods include credit cards, Skrill, Bitcoin, Wire transfer
Minimum deposit requirement depends on your choice of payment method, for example, with Skrill it is $10, but with Bitcoin the requirement is $50.
JAFX MetaTrader 4 trading system
The powerful JAFX MetaTrader 4 trading system allows you to implement strategies of any complexity. The Market and pending orders, Instant Execution and trading from a chart, stop orders and trailing stop, a tick chart and trading history — all these tools are at your disposal.
With JAFX MetaTrader 4, trading becomes flexible and convenient. It has everything you need for Forex trading.
- 3 execution modes
- 2 market orders
- 4 pending orders
- 2 stop orders and a trailing stop
JAFX QUESTIONS ANSWERS
Are there deposit fees with JAFX broker?
- Wire Transfers – 0% Fees
- Credit/Debit Card – 0%
- Credit/ Debit card via vLOAD – 3.5%
- Skrill: 3.9% + 35ct
- Bitcoin: 0% + 0.0005 BTC Network Fee
Are there withdrawal fees?
Credit/Debit Card There are NO fees to withdraw your funds back to your credit/debit card however your additional profits will incur withdrawal fees depending on the additional withdrawal method below.
Wire Transfers $25
Are there any bonus offers from JAFX?
No. JAFX aims to offer all traders the lowest commissions and tightest spreads as possible, therefore the more you trade the more you save.
Does JAFX Broker allow all trading styles?
Yes you are free to hedge, scalp and trade during news events
What is minimum trade size?
The minimum trade size is 0.01 Lot
What are the margin rules?
The margin rules are the following: Margin Call at 100% and Stop Out at 70%. You can find your Margin Level on your desktop or mobile MT4. Meaning, if you reach 100% you get a margin call and you are not able to open any trades. If you reach 70% your biggest negative trades will be closed automatically to avoid running your account into negative balance
Does the Broker offer online web-based platform as well as Metatrader 4?
Yes, aside from MT4 (mobile and desktop), there is also JAFX WebTrader platform
Is JAFX Regulated Forex Broker?
JAFX is currently not regulated. The broker claims, however, to be in the process of applying for regulation.
ow was the rating of JAFX performed compared to other brokers?
This 2018 Forex Broker Review has been conducted though thorough research and assessment of rating and ranking among almost 300 international forex brokers. The final grade is given based on JAFX FX broker performance and features.
Overall our online JAFX review was conducted with the details obtained from the demo trading and the forex brokers website. If you would like to add details to this online JAFX or you find inaccurate details JAFX broker review please get in touch with us and the changes will be applied.