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Abstract:Jrjway, also known as " 金荣中国金融业有限公司" , operates as a Hong Kong-based company offering trading services in Spot Gold and Spot Silver. While it claims to be regulated by the China Hong Kong CGSE with License No. 084, there are doubts regarding its regulatory legitimacy. Jrjway provides different account types, including Standard and VIP Accounts (Levels 0 to 8), each with specific entry requirements and benefits. The company offers a trading app called "金荣APP" and the MetaTrader 4 (MT4) platform for traders. However, it's worth noting that there is a notable complaint about difficulties with fund withdrawals and concerns about the credibility of the institution's regulatory status.
JrjwayReview Summary | |
Founded | 2022 |
Registered Country/Region | Hong Kong |
Regulation | Suspicious clone |
Market Instruments | Spot Gold, Silver |
Demo Account | / |
Leverage | / |
Spread | $24 per lot discount |
Trading Platform | Jin Rong APP, MT4 |
Min Deposit | $70 |
Customer Support | Phone: (+852)2385 0868 |
Email: cs@jrir.com | |
21/F,Full Floor, Phase 2. Lee Garden Two. 8Yan King Road, Tsuen Wan, New Territories, Hong Kong |
Jrjway, founded in 2022, is a brokerage registered in Hong Kong. It currently offers spot gold and silver trading for traders, plus 2 other accounts and 2 trading platforms. It is currently in an abnormal state of supervision - suspected cloning, security is lacking.
Pros | Cons |
No opening price | Suspicious clone |
Zero commission | |
MT4 supported |
Regulatory Status | Suspicious clone |
Regulated by | Hong Kong |
Licensed Institution | 金荣中国金融业有限公司 |
Licensed Type | Type AA License |
Licensed Number | 084 |
Jrjway mainly offers spot gold and silver trading.
Tradable Instruments | Supported |
Spot Gold | ✔ |
Silver | ✔ |
Forex | ❌ |
Commodities | ❌ |
Indices | ❌ |
Stocks | ❌ |
Bonds | ❌ |
ETF | ❌ |
Jrjway offers two types of accounts: Standard Account and VIP (0-8) High-End Account. Of the two accounts, the minimum deposit is $70 and the maximum is $40,000. It's a big span.
In contrast, the VIP (0-8) High-End Account has more benefits than the Standard Account, which are reflected in bonuses and different rights. Among them, the most obvious is the Spread Rebate, VIP (0-8) High End Account of $24 per lot, Standard Account of $22 per lot.
Account Types | Standard Account | VIP (0-8) High-End Account |
Minimum Deposit | $70 | VIP 0: Single deposit of $20,000 or 1,000 lots VIP(1-8): Accumulated deposit starting from $40,000, 2,000 lots |
Spread Rebate | $22 per lot | $24 per lot |
Trade Lot Size per Transaction | 0.05 to 20 lots | 0.05 to 50 lots |
Dedicated Customer Service | × | ✓ |
Priority Funding and Withdrawal | × | Withdrawal can be processed within 30 minutes |
Trading Training | × | ✓ |
Birthday Bonus | ✓ | ✓ |
Upgrade Bonus | × | Available for VIP1 and above |
Monthly Red Packet | × | Available for VIP2 and above |
Additional Rebates | × | Available for VIP3 and above |
Access to capital injection | × | Available for VIP3 and above |
Special Offers | × | Available for VIP6 and above |
Jrjway emphasizes that for traders, there is no opening price, zero commission and spread discount. It offers a spread of $50 per contract for London Gold and $200 per contract for London Silver.
In addition, open a standard account and enjoy a $22 spread discount, while VIP accounts enjoy an even lower spread discount of only $24 per contract.
Trading Platform | Supported | Available Devices | Suitable for |
Jin Rong APP | ✔ | Mobile | Beginner |
MT4 | ✔ | Desktop, Mobile | Beginner |
MT5 | ❌ |
JRJway facilitates fund deposits and managementthrough their“JRJway Wallet”system. The initial deposit for 1 lot of London Gold is $1.000. And for 1 lot of London Silver, it's $650.
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
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