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Office: 63 Chulia Street, OCBC Centre East, #15-01, Singapore, 049514
Main contacts:
[email protected]-Technical supports and inquiries
[email protected]-Free online reputation consulting services
[email protected]-Sales inquiries
Business Hours: Mon. - Fri. (11.00-19.00)
Time zone (Singapore)
DMCA.com Protection Status
Copyright © TrustFinance 2022 | V.2.0

TrustFinance is trustworthy and accurate information you can rely on. If you are looking for financial business information, this is the place for you. All-in-One source for financial business information. Our priority is our reliability.

Forex
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JRFX

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New Zealand

Founded in

2010 (16 Years)

Founded

Last online: No recent activity

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OVERALL SCORE
Licenses
10/40
Reviews
32/60
14 reviews

Provided by TrustFinance

OVERALL SCORE
Licenses
10/40
Reviews
32/60
14 reviews

Provided by TrustFinance

Contribute to TrustScoreYour experience will reflect on TrustScore.

Share your thought and experience with this company.

Regulated

Recommended

XM

XM

(65 reviews)

foundedInCyprus

2009

(17 years)

Security Information :

CySEC
FSCA
DFSA

Security Information

Note icon

What are the differences in regulations for each

License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

Warning Report

Warning Report is a record of alerts about trading activities, account management, or compliance issues. It helps you keep track of potential risks or problems in your trading account.

Warning

|

May 02, 2024

We found that JRFX's licensing enforcement does not comply with the FSA. The company that holds the license 601 is called Up Way Global Markets LLC.

JRFX - Pros and Cons

Pros-icon

Pros

  • Wide variety of trading assets
  • Supports trading on both MT4 and the broker's own JRFX App
  • 24/7 customer service with extensive educational resources and market analysis
Cons-icon

Cons

  • Concerns about the reliability of licensing, with relatively weak regulatory oversight
  • Lack of information on deposit/withdrawal methods and fees
  • No details provided about account types
  • No promotions or bonuses to attract investors

Company Information

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Get to know JRFX

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Company Information

Get to know JRFX

Founded in 2012, JRFX is a global online trading broker dedicated to providing a secure, transparent, and efficient trading environment for retail and institutional clients. The company offers access to a wide range of financial instruments, including Forex, precious metals, commodities, stock indices, and CFDs, through popular trading platforms like MetaTrader 4. JRFX emphasizes technological innovation and strong liquidity to ensure fast execution and stable trading conditions for its global client base.

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Industry

  • Forex Retail BrokerPRIMARY

Software

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Contact

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🇬🇧 (+44) 07828442719
email-contact-icon[email protected]

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Reviews

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Review Analytic

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Kotoma otenento

Kotoma otenento

Direct

Excellent

Overall Thought

Jrfx truly stands out as an outstanding platform, featuring a user-friendly interface, responsive design, and high-level security. Its remarkable performance and consistent updates position it as a top preference for dependable and innovative solutions within its domain. I highly recommend it to anyone seeking a seamless and secure user experience.

Aug 26, 2023
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JOSEPH ODO MUSA

JOSEPH ODO MUSA

Direct

Excellent

Overall Thought

Jrfx shines as an exceptional platform with a user-friendly interface, responsive design, and top-notch security. Its impressive performance and continuous updates make it a top choice for reliable and innovative solutions in its field. Highly recommended for all seeking a seamless and secure user experience.

Aug 25, 2023
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Edwin Osarenkhoe

Edwin Osarenkhoe

Direct

Excellent

Overall Thought

"Jrfx is an exceptional platform that truly stands out. Its user-friendly interface, combined with a wide range of features, creates a seamless experience for users. The platform's responsiveness and intuitive design make navigation a breeze. Additionally, Jrfx's commitment to security ensures a safe environment for users to conduct their activities. With its impressive performance and continuous updates, Jrfx undoubtedly proves to be a top-tier solution in its field. Highly recommended for anyone seeking a reliable and innovative platform."

Aug 22, 2023
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Summarization

JRFX Review: Is JRFX a Good Broker?

Broker overview and general information

JRFX is a reputable forex broker founded 14 years ago. The company has an experienced financial team, is committed to service, and provides excellent technical support and trading experience to its clients.

The broker is registered as a limited company in Saint Vincent and the Grenadines with registration number 601LLC2020. The company offers CFD trading on a variety of financial products such as foreign exchange, gold, stocks and indices.

There are also investment institutes that provide knowledge about forex trading, covering everything from basic knowledge, trading strategies to technical analysis, to help investors develop their trading skills and knowledge.

Broker Licensing and Regulation

If you ask whether JRFX broker is good or not, you should start by considering the registration and license first, which has the following details: BrokerOperated by Up Way Global Markets LLCWhich is a part of UP WAY Group LtdThe company has offices in both Singapore and New Zealand. For licensing and regulation, the broker is approved by several major financial authorities, including:

  • FINANCIAL SERVICES AUTHORITY St Vincent & The Grenadines (FSA) License No. 601LLC2020 under Up Way Global Markets LLC.

  • Financial Service Providers (FSPs) in New Zealand - License Number 770914

  • Dubai Multi Commodities Centre (DMCC) in Dubai - License Number DMCC-673932

  • British Virgin Islands Financial Services Commission (BVIFSC) British Virgin Islands - License Number 2047780

⚠️Warning:Although the broker is regulated, many users are concerned about the FSA license because it is a Tier D license, which has less strict supervision. This makes users feel uncertain about the supervision under this agency. Therefore, this factor should be reconsidered before investing.



Broker Products and Services

Trading products

Brokers offer a wide range of investment products to suit all needs, covering Forex, stocks, indices and commodities.

  • Trade Forex: Trade Forex to make profit from currency differences. There are many popular currency pairs to trade.

  • Stocks: Trade world-famous stocks, make profits without owning/buying real stocks. You can trade stocks in all popular business groups, such as Apple, Amazon, AirBnB, etc.

  • Indices: Trade global indices on the most popular indices worldwide, such as USDX, AUS200, DE30, F40, etc.

  • Commodities: Trade commodities, make profits and diversify your investment portfolio by trading gold, crude oil, and more.

Trading Platform

You can invest through 2 platforms: MetaTrader 4 (MT4) and JRFX App.

  • MT4:MetaTrader 4A basic trading program suitable for all new investors. Easy to use, convenient, fast, the most convenient platform to start trading.

  • JRFX AppApplication for trading in the Forex market stands out with features such as providing real-time market price information, fast order execution, and has more than 5 million users worldwide because of its high security.



Customer Service

For foreign investors or Thai investors who want to invest, you can contact customer service 24 hours a day through this channel.

  • E-mail:[email protected]

  • Tel:+65 8372 7701

  • Website:https://www.jrfx.com/

  • Facebook: https://web.facebook.com/JRFXcom

  • YouTube: https://www.youtube.com/channel/UCYqR9Pk5q0EK9WM4pis01lw

  • Supported languages:English, Chinese, Hong Kong, Vietnamese, Thai, Japanese, Indonesian, Malaysian



Broker Review Overview Summary

Overall, JRFX is a broker with over 10 years of experience in the market, with assets covering the basic market level. It offers trading services on MT4, which is highly reliable, and also has an application like JRFX App to facilitate traders. However, the website lacks many important pieces of information that affect investment considerations, such as concerns about low-reliability licenses, deposit and withdrawal channels / account types, or the lack of attractive promotions, which may not attract enough investors.



Frequently Asked Questions about JRFX

  1. What platforms can I use to trade Forex?

Answer: You can trade via MetaTrader 4 (MT4) and JRFX App.


  1. Which organizations are licensed and regulated by the broker?

Answer: The broker is licensed by FSA, FSP and BVIFSC.


  1. What assets can be traded?

Answer: You can trade on Forex, stocks, indices and commodities.



Choose the safest and most suitable broker with TrustFinance reviews

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JRFX  Review Compare spreads, fees, trading platforms, deposit and withdrawal conditions and more with real user reviews to help you decide which broker suits your needs.

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