JASFX

Risk Warning

Online trading is dangerous, and you could potentially lose all of your investment funds. Not all investors and traders are suitable for it. Please understand that the information on this website is designed to serve as general guidance, and that you should be aware of the risks.

General Information

What is JASFX？

JASFX is a brokerage firm registered in St. Vincent and the Grenadines that offers a range of trading instruments across various asset classes, including Forex, Commodities, Stocks, CFD, Metals, Indices, and Cryptos through the MetaTrader5 and Web Trader trading platforms. However, it currently has no valid regulation.

We will examine this broker's attributes from a variety of angles in the following post, giving you clear and organized information. Please continue reading if you're curious. To help you quickly comprehend the broker's qualities, we will also provide a concise conclusion at the end of the piece.

Pros & Cons

JASFX Alternative Brokers

There are many alternative brokers to JASFX depending on the specific needs and preferences of the trader. Some popular options include:

• Pepperstone - Offers a wide range of trading products, including forex, CFDs on stocks, indices, commodities, and cryptocurrencies. Pepperstone is known for its competitive spreads, good execution, and reliable platforms. The company's trading platforms are MT4, MT5, TradingView, and cTrader, which all are popular and well-respected platforms.

• IG - The company was founded in 1974 in London, U.K. is the world's first broker to built the concept of financial spread betting that introduced online dealing as early as 1998. IG claims that it offers a wide range of tradable financial instruments for global investors, over 18,000 instruments, including Forex, indices, CFDs on stocks, digital cryptocurrencies, and options trading for investors to choose from.

• Admiral Markets - The company is a global online trading provider offering trading services in various financial instruments, including forex, stocks, commodities, and indices. The company offers a range of trading platforms, account types, and educational resources to its clients.

Is JASFX Safe or Scam？

JASFX does not have valid regulation and has faced allegations of clients being unable to withdraw their funds. The claim that client money is held separately from the company's own funds is a standard practice in the financial industry to protect clients, but without proper regulation, there is no guarantee of compliance.

The lack of regulation and reports of withdrawal issues raise significant red flags and indicate potential risks. It is crucial for traders to exercise extreme caution when dealing with unregulated brokers, as they may not provide the necessary safeguards and protections for client funds.

At this point, it would be prudent to consider JASFX as a higher-risk option and possibly a potential scam. It is essential to prioritize the safety of your funds and consider choosing a regulated and reputable broker with a track record of reliable services and positive customer feedback. Always do thorough research, read user reviews, and seek advice from experienced traders or financial experts before making any decisions.

Market Instruments

JASFX offers a wide range of market instruments, including Commodities, Indices, Metals, Forex, and CFD.

• Commodities are raw materials that are used in the production of goods and services. They include agricultural products such as wheat, corn, and soybeans; energy products such as oil, gas, and coal; and metals such as gold, silver, and copper.

• Indices are baskets of stocks that track a particular market or sector.

• Metals are elements that are solid at room temperature and have a high melting point. They are spot or futures trading.

• Forex (foreign exchange) is the market for exchanging one currency for another.

• CFD, or contracts for difference, are a type of derivative that allows traders to speculate on the future price movements of an underlying asset without actually owning the asset. CFDs are traded on a margin, which means that traders only need to deposit a small amount of capital to control a large position. This can make CFDs a very attractive product for traders with limited capital.

Accounts

There are three trading accounts offered by JASFX, namely Standard, VIP I, and VIP II.

The best trading account for you will depend on your individual needs and preferences. If you are a beginner, then the Standard account may be a good option. If you are experienced and want to have more flexibility, then the VIP II account may be a better choice.

Leverage

JASFX offers maximum leverage of up to 1:500, which means that you can control a position worth 500 times your initial deposit. For example, if you deposit $100, you could control a position worth $50,000.

Leverage can magnify your profits, but it can also magnify your losses. If the market moves against you, you could lose more money than you deposited.

Spreads & Commissions

Spreads are affected by what type of accounts you are holding. The minimum spread in the Standard account is floating from 1.4 pips, and no commission is charged. The VIP I account offers spreads floating from 0.6 pips, and a commission of $10 per lot. The VIP II account offers spreads floating start from 0.1 pips, and a commission of $6 per lot.

Please note that these are just the minimum spreads and commissions. The actual spreads and commissions may vary depending on the market conditions.

Below is a comparison table about spreads and commissions charged by different brokers:

Trading Platform

Platforms available for trading at JASFX are MT5 for Mobile and Desktop, and Web Trader.

• The MetaTrader 5 (MT5) platform is the most popular trading platform in the world. They are used by millions of traders to trade a wide range of financial instruments, including forex, CFDs, and stocks.

• Web Trader is a web-based trading platform that allows you to trade from any device with an internet connection. It is a simplified version of the MT5 platform, but it still offers several useful features.

Both of these platforms are available to JASFX clients. The best platform for you will depend on your individual trading needs and preferences. If you are a serious trader who wants access to a wide range of features, then MT5 Trading Platform is a good choice. If you are looking for a more simplified platform that you can access from anywhere, then Web Trader is a good option.

See the trading platform comparison table below:

Deposits & Withdrawals

JASFX says to accept deposits and withdrawals via Local Bank Transfer (Instant), Credit Card (Instant), Wire (5 Days), and Crypto: USDT, BTC (Instant). The company accepts the following currencies: USD, EUR, GBP, THB, IDR, VND. The minimum deposit amount open an account is as high as $500, while there is no mention of what the minimum withdrawal amount is.

JASFX minimum deposit vs other brokers

User Exposure on WikiFX

Some of you may see reports of severe losses or failure to withdraw on our website. The business received several reports of this nature, however, some of them appear to have been resolved. We urge traders to carefully examine the dangers of trading on unregulated platforms and review the readily available information. Before trading, you can study the facts about our platform. Please let us know in the “Exposure” area if you come across any such dishonest brokers or if you have yourself been a victim. We would appreciate that, and our team of professionals will make every effort to help you fix the issue.

Customer Service

JASFX offers a comprehensive customer support service, including email, and social media. Traders can also access a customized VIP customer service program, which includes dedicated account managers and priority support.

Customers can get in touch with their customer service line using the information provided below:

24/7 Live Chat Support

Email: Support@jasfx.com

Social media: Facebook, Twitter, and Instagram

Registered Address: Suite 305, Griffith Corporate Centre, Beachmont Kingstown, P.O. Box 1510, St. Vincent and the Grenadines.

Conclusion

In conclusion, JASFX is a brokerage firm that provides access to a wide range of trading instruments and offers MT5, Web Trader platform to cater to different trading preferences. However, the company currently has no valid regulations. It's important to note that there have been reports of severe losses and failed withdrawals. Traders should exercise caution and conduct thorough research when considering JASFX or any other brokerage firm, taking into account factors such as reputation, client feedback, and regulatory compliance. Making an informed decision requires a comprehensive evaluation of all relevant factors beyond the information provided here.

Frequently Asked Questions (FAQs)