Score
Jade FOREX
Seychelles|2-5 years| http://18.136.11.62/
Website
Rating Index
Contact
Licenses
No valid regulatory information, please be aware of the risk!
Single Core
1G
40G
1M*ADSL
- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
Basic information
Seychelles
2-5 years Suspicious Regulatory License Suspicious Scope of Business High potential riskAccount Information
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Website
jade-belfort.com
Server Location
Singapore
Website Domain Name
jade-belfort.com
Server IP
172.96.191.107
Company Summary
Note: Jade FOREX's official website: https://jade-belfort.com/ is currently inaccessible normally.
| Jade FOREXReview Summary | |
| Founded | 2021 |
| Registered Country/Region | Seychelles |
| Regulation | Not regulated |
| Market Instruments | Currency pairs, precious metals, energies |
| Demo Account | / |
| Leverage | Up to 1:200 |
| EUR/USD Spread | From 0.8 pips - Standard Account (STP) account |
| Trading Platform | MT4 and cTrader |
| Min Deposit | 1000 JPY |
| Customer Support | Email: contact@jade-forex.com |
| Phone: +852 8193 0346 | |
| Contact form | |
| Address: Nobel Capital Group Limited of Room B11, First Floor, Providence Complex, Providence, Mahe, Seychelles | |
| Social media: Twitter and LINE | |
Jade FOREX, founded in 2021 and registered in Seychelles, offers various trading assets, including currency pairs, precious metals, energies with spread from 0.0 pips and leverage up to 1:200 via two trading platforms: MT4 and cTrader. However, Jade FOREX operates without regulation, and its minimum deposit is as high as 1000 JPY.
Pros and Cons
| Pros | Cons |
| Various trading assets | High minimum deposit |
| High leverage | Not regulated |
| Tight spreads | Lack of transparency |
| Popular trading platforms - MT4 and cTrader |
Is Jade FOREX Legit?
Jade FOREX appears to offer a range of attractive features and security measures for forex traders, including the use of SSL encryption for secure transactions, 24/7 deposit availability, access to Tier-1 liquidity providers for competitive interbank rates, the adoption of Non Dealing Desk (NDD) execution for price transparency and fair trading, and a commitment to high-quality infrastructure for reliable execution speeds and price accuracy.
However, the significant concern with Jade FOREX is its lack of regulation. Regulation by a reputable financial authority is crucial in the forex industry as it provides traders with a level of security, trust, and recourse in the event of disputes or broker's insolvency.
Without regulation, protections against fraudulent activities are minimal, and the risk to your invested capital increases significantly. While Jade FOREX offers promising trading conditions and security measures, the absence of regulatory oversight means that the risk of financial loss due to malpractice or fraud is markedly higher.
What Can I Trade on Jade FOREX?
| Tradable Instruments | Supported |
| Forex | ✔ |
| Precious metals | ✔ |
| Energies | ✔ |
| Indices | ❌ |
| Stocks | ❌ |
| Cryptos | ❌ |
| Options | ❌ |
Account Type
Jade FOREX offers two account types: the Standard Account (STP) and the Low Spread Account (ECN). To open a Standard Account. Whether the demo account is offered, it is not mentioned.
| Account Type | Standard (STP) | Low Spread (ECN) |
| Min Deposit | 1,000 JPY | |
| Account Currency | USD or JPY | |
| Min Trading Unit | 0.01 lots | |
| Max Trading Unit | 30 lots | |
| Execution | Straight Through Processing (STP) | Electronic Communication Network (ECN) |
Leverage
Jade FOREX offers leverage up to 1:200. High leverage comes with not only high returns but high losses.
Spread and Commission
Jade FOREX offers two account types with different spreads:
Standard Account (STP) has a spread starting from 0.8 pips for EUR/USD. Law Spread Account (ECN) offers tighter spreads starting from 0.0 pips for EUR/USD. ECN accounts typically come with commission fees on trades, but the information on commissions is not provided in the details you gave.
Trading Platform
| Trading Platform | Supported | Available Devices | Suitable for |
| MT4 | ✔ | Web, Desktop and Mobile | Beginners |
| MT5 | ❌ | / | Experienced traders |
| cTrader | ✔ | Web, Desktop and Mobile | Experienced traders |
Deposit and Withdrawal
Deposit Options
| Deposit Option | Currency | Min. Deposit | Fee | Processing Time |
| Bank transfer | USD, JPY | 1,000 USD or 100,000 JPY | ❌ | 1-3 business days |
| Bitcoin | 50 USD or equivalent | Immediately | ||
| Ethereum | ||||
| USDT (ERC20) | ||||
| USDC (ERC20) | ||||
| XRP (Ripple) |
Withdrawal Options
| Withdrawal Option | Currency | Min. Withdrawal | Fee | Processing Time |
| Bank transfer | USD, JPY | 30 USD | 3000JPY (30 USD) equivalent or 1.5% of the withdrawal amount | 2-5 working days |
| USDT (ERC20) | 30 USDT |
Keywords
- 2-5 years
- Suspicious Regulatory License
- Suspicious Scope of Business
- High potential risk
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