Established in 2016, JAFX is a retail trading broker that offers a good selection of cryptos and non-crypto trading instruments such as forex and stocks for online trading. The broker has competitive spreads, commissions, and trade execution speeds. They allow automated trading through expert advisors (EAs) along with hedging, news trading, and scalping trading strategies.
The broker has partnered with top crypto exchanges to offer reliable trade conditions and 24/7 trading on many of the top global cryptocurrencies.
JAFX Review Introduction
In this JAFX review, we will take a look at some of the most important factors worth considering when choosing a forex broker for your online trading needs. This includes trading platforms, trading tools, research and education, account funding options, customer support and broker regulation.
You may also wish to view my best forex brokers based on countless hours that I have spent researching and testing hundreds of brokers, all of which you can see in my forex broker reviews. You can also use my free trading tool to compare forex brokers including JAFX.
JAFX Platforms & Tools
JAFX provides clients with MetaTrader 4 (MT4); which is one of the most widely used online trading platforms among traders. The MT4 has a user-friendly interface, quick learning curve, and a vast array of built-in trading tools. It is fully customizable, easy enough to use for beginner traders, and has enough advanced capabilities for the more seasoned investors. The MT4 platform can be downloaded and installed in computers as a desktop application and in iOS and Android devices as a mobile trading app. It is also available as a web trading terminal that runs directly on modern browsers like Chrome and Safari.
The broker also provides its proprietary platform, JAFX WebTrader, which allows quick and easy access to the markets via modern web browsers like Chrome, Safari, Firefox, and Edge without the need to download or install any additional software. The broker also provides iOS/Android mobile trading apps for clients to access all trading tools on the go from anywhere in the world, provided there is an internet connection. The mobile apps are available for downloads from relevant app stores.
JAFX Research & Education
The broker’s website has no educational materials yet.
JAFX Trading Accounts
JAFX offers one account type for live trading. The JAFX trading account is the broker’s standard account and is perfectly suited to the majority of professional traders. The trading account requires a minimum deposit of $10, allows for 0.01 minimum lot trading, and flexible leverage up to 1:500. Demo accounts with $50,000 virtual funds are available, they allow traders to practice their trading strategies before opening a real live trading account. There are also the swap-free Islamic accounts, which comply with the sharia law.
JAFX Account Funding
JAFX’s clients can withdraw funds from a trading account to an electronic wallet within seconds. Deposits are completely automated and instant. Traders can also deposit and withdraw in bitcoin with 0% fees, and you can also make deposits via credit/debit cards.
JAFX Customer Service
The broker has a customer support team that can be reached via telephone, online chat, or email. Clients can also fill the “call back” form. There is also the FAQ page with answers to frequently asked questions.
JAFX is registered in Saint Vincent and the Grenadines. They are an offshore and unregulated broker.
JAFX Review Summary
JAFX was established in 2016 to create retail brokerage services that allow clients to enjoy unparalleled levels of service in terms of liquidity, execution, trading conditions, and customer service. The broker offers 24/7 Cryptocurrency trading via the popular and flexible MetaTrader platforms. They have a good range of cryptocurrencies for trading.
It is worth mentioning that some of the trading products and services in this JAFX review may differ or not be available to traders in some countries due to regulations. As brokers terms can change over time, please verify all information is up to date directly from the JAFX broker website which you can visit by using the link below.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. A large percentage of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.