JRFX group includes several related companies.
JRFX NZ - located in New Zealand, regulated by the Financial Service Providers Register (FSPR).
JRFX UAE - located in the United Arab Emirates, regulated by the Dubai Multi Commodities Centre (DMCC).
JRFX SVG - legally registered entity located in Saint Vincent and the Grenadines, but not regulated by any government agency.
JRFX BVI - located in the British Virgin Islands, regulated by the BVI Financial Services Commission (BVIFSC).
JRFX group accepts clients from all over the world, excluding USA and and most OFAC sanctioned and FATF blacklisted countries.
Forex broker offers the following underlying assets for trading.
45+ Currency Pairs | Based on major and minor world currencies. |
10 Indice CFDs | Based on baskets of different blue-chip stocks. |
2 Metal CFDs | Based on Gold and Silver. |
2 Energy CFDs | Based on Crude Oil (WTI, Brent). |
50+ Stock CFDs | Based on shares of well-known US companies. |
JRFX is a forex broker that offers high trading leverage across all of the most popular asset classes. The broker is registered and regulated in multiple jurisdictions globally, and accepts clients from most countries in the world, with the usual exception of the US.
One thing that stands out about JRFX is the large educational section found on the “Investment Academy” pages of its website. Here, traders can learn all of the tricks of the trade, including introductions to technical analysis, trading software, as well as forex basics. The section is especially useful for new traders, who can often benefit from getting a deeper understanding of the markets before jumping in with real money on the line.
The trading platforms JRFX supports include the classic MetaTrader 4 (MT4), as well as a dedicated mobile trading app simply known as the JRFX APP. As usual, MT4 is available for Windows, Mac, Web, as well as Android and Apple mobile devices. The JRFX APP, on the other hand, is available on mobile for Apple and Android only.
The tradable instruments offered by JRFX includes a fairly standard selection of forex pairs, as well as all of the most popular stock indices, a selection of popular US-listed single stocks, oil and precious metals. Cryptocurrencies, ETFs, bonds, and other asset classes are unfortunately not available from this broker.
Once the decision to sign up with JRFX has been made, new clients are offered a choice between three types of trading accounts. At the time of writing, these are:
– EasyPro Account, with a $100 minimum deposit, spreads from 1.2 pips, and no commissions
– Standard Account, with a $100 minimum deposit, spreads from 0.7 pips, and no commissions
– ECN Account, with a $10,000 minimum deposit, spreads from 0 pips, and commissions of $3.5 per lot per side
The trading accounts are available with max leverage of 1:1,000, 1:500, and 1:200, respectively, and offer instant market execution.
All of the trading accounts can be funded with bank wire transfers or payment cards such as Visa, MasterCard and China UnionPay. Unfortunately, the broker does not accept crypto or any of the popular e-wallet services for account deposits and withdrawals.
Customer support can be reached by calling the broker directly on its Singapore-registered phone number, or by sending an email. The broker has also listed its physical office addresses in Dubai, New Zealand and the UK, which is always a good sign.
All in all, we consider JRFX to be a solid forex broker with a broad presence all around the world. We like that it is regulated in multiple jurisdictions, which shows that the team at JRFX knows how to operate a forex broker in compliance with diverse regulations. Still, we wish that the broker would add crypto as a deposit and withdrawal method, and perhaps add more asset classes for trading to make its offering even more compelling.