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Do you want to know which is the better broker between JFX and CJC Markets ?
In the table below, you can compare the features of JFX , CJC Markets side by side to determine the best fit for your needs.
You can determine the reliability and credibility of a broker by checking four factors:
1.Forex broker introduction。
2.Are the transaction costs and expenses of jfx, cjc-markets lower?
3.Which broker is safer?
4.Which broker provides better trading platform?
Based on these four factors, we can compare which is reliable. We have broken down the reasons as follows:
Basic | Information |
Registered Country/Region | Japan |
Regulation | FSA |
Founding Time | 2007 |
Minimum Deposit | No limitation |
Maximum Leverage | 1:25 |
Minimum Spreads | 0.4 pips for EURJPY |
Trading Platform | MT4 |
Trading Assets | Major currency pairs |
Payment Methods | Quick Deposit, Bank Transfer, |
Customer Support | Phone, Email |
General Information & Regulation
In 2005, Across FX Co., Ltd. was established and registered as a financial futures trader in November and joined the Financial Futures Association, and in August 2007, started dealing in “Zero FX” and in September 2007, registered as a financial instruments business operator, and moved its headquarters from Minato-ku, Shiba to Akasaka. In 2008, the name of the company was changed to JFX Co, Ltd. In 2010, JFX started to handle foreign exchange margin trading “MATRIX TRADER,” and in May of the same year, JFX started to provide an iPhone version of the application. 2011, the number of digits displayed in the JFX exchange rate was increased, and in November of the same year, the immediate withdrawal service was started. In 2014, JFX started processing binary options trades, and in July of the same year, the iPhone version of the application became available. JFX is currently regulated by the Financial Services Agency of Japan (Regulation No. 1010001123038).
Market Instruments
JFX offers investors access to the most popular currency pairs in the foreign exchange market, such as EURJPY, EURAUD, USDCAD, EURGBP, and more. Besides, information on other trading assets is not known at this time.
Minimum Deposit
JFX requires no minimum deposit for opening an account, therefore, traders can fund their account any amount to start trading.
Spreads & Commissions
The spreads are 0.4 pips for EURJPY, 1.5 pips for CADJPY, 1.6 pips for CHFJPY, 0.8 pips for EURGBP, 1.5 pips for USDCHF, 1.4 pips for EURAUD, 1.4 pips for GBP/AUD, and 1.8 pips for USDCAD.
Leverage
The maximum leverage available at JFX is up to 1:25 according to the Japanese Laws.
Trading Platforms
JFX offers traders the most popular MT4 trading platform on the market. MT4 trading platform is the gold standard in the forex trading industry with powerful charting tools, as well as a large number of technical indicators, support for automated trading, and EA's. Additionally, there is the MATRIX TRADER trading platform available for traders to use.
Deposit and Withdrawal
For traders to deposit and withdraw funds, JFX offers four different methods, namely Quick Deposit, Bank Transfer, Real-time Withdrawal, and Standard Withdrawal. Quick Deposit is an online deposit service for those clients who have an internet banking contract with a JFX affiliated financial institution. Bank Transfer means that investors can transfer funds directly from a bank counter, ATM, or internet banking to an account designated by JFX.
Customer Support
Clients with any inquries or trading-related issues, they can go to the FAQ section to look for some answers, and if they need staff service, they can get in touch with JFX through the following contact channels:
Telephone: 03-5541-6410
Email: kujyo@jfx.co.jp
Pros & Cons of JFX
Pros | Cons |
FSA-regulated | Limited variety of assets traded |
Low trading fees | Conservative leverage |
MT4 trading platform supported | |
Narrow spreads | |
No minimum deposit requirements | |
Quick execution |
Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.
CJC Markets Review Summary in 10 Points | |
Founded | 2012 |
Registered Country/Region | New Zealand |
Regulation | ASIC |
Market Instruments | Forex, Metals, Equity Indices, US Shares, Asia Shares, EUR Shares, Cryptocurrency CFDs |
Demo Account | N/A |
Leverage | 1:400 |
EUR/USD Spread | 1.5 pips |
Trading Platforms | MT4 |
Minimum deposit | $1,000 |
Customer Support | 24/5 live chat, phone, email |
Based in Auckland, New Zealand, CJC Markets (Carrick Just Capital Markets Limited) is an online NDD (No Dealing Desk) trading broker that allows clients to trade multiple financial assets with flexible leverage up to 1:400 and floating spreads on the MT4 trading platform via 3 different live account types, as well as 24/5 customer support service. However, it is important to note that CJC Markets is not regulated by any financial authorities, which may be a concern for some traders.
In the following article, we will analyze the characteristics of this broker from various aspects, providing you with simple and organized information. If you are interested, please read on. At the end of the article, we will also briefly make a conclusion so that you can understand the broker's characteristics at a glance.
CJC Markets has several advantages including a wide range of tradable instruments, a variety of deposit and withdrawal options, and 24/5 customer support. However, there are also some significant drawbacks, including the lack of regulation, high minimum deposit requirements, and mixed reviews from clients. Overall, traders should exercise caution and carefully consider these factors before deciding whether to trade with CJC Markets.
Pros | Cons |
• Multiple tradable assets and funding options | • Exceeded ASIC license |
• Provides balance protection | • Clients from US and China (including Hong Kong) are not accepted |
• Multiple deposit and withdrawal options | • Negative reviews from some clients regarding the platform being a scam |
• MT4 supported | • High minimum initial deposit ($1,000) |
• Customer support team available 24/5 | • Unclear commission fees on ECN account |
There are many alternative brokers to CJC Markets depending on the specific needs and preferences of the trader. Some popular options include:
FP Markets - An ASIC and CySEC-regulated broker with a wide range of trading instruments, competitive spreads, and multiple trading platforms, suitable for both novice and experienced traders.
FXDD - An offshore broker offering ECN trading accounts with a variety of trading instruments and low spreads, but lacks regulatory oversight and has mixed reviews from clients.
Global Prime - An ASIC-regulated broker with a focus on transparency, offering ECN trading accounts with competitive spreads and a range of trading tools, but has limited trading instruments and high minimum deposit requirements.
Ultimately, the best broker for an individual trader will depend on their specific trading style, preferences, and needs.
CJC Markets provides investors with 500+ instruments including Forex, Metals, Equity Indices, US Shares, Asia Shares, EUR Shares, Cryptocurrency CFDs. The broker provides access to more than 100 currency pairs, such as the EUR/USD, GBP/USD, and USD/JPY. Clients can also trade precious metals such as gold and silver, as well as a variety of equity indices such as the S&P 500 and the Nasdaq 100. CJC Markets also offers a broad selection of shares from the US, Europe, and Asia. Additionally, the broker provides access to popular cryptocurrency CFDs such as Bitcoin, Ethereum, Ripple, Litecoin, and Tether. With a variety of instruments available, traders can diversify their portfolios and potentially take advantage of different market conditions.
There are three account options available on the CJC Markets platform: Standard, VIP and ECN. The minimum initial deposit for a Standard account is $1,000, way too high for most regular traders to get started. The high minimum initial deposit can be a disadvantage for many traders, especially beginners who want to start with a smaller amount of money.
However, the higher minimum deposit requirement for the Standard account may be suitable for more experienced traders who want access to higher leverage and other advanced trading features. The VIP and ECN accounts require a minimum initial deposit of $25,000 and $50,000 respectively, which may not be feasible for many traders.
In terms of trading leverage, the maximum leverage for the Standard account is up to 1:400, up to 1:300 for the VIP account and up to 1:200 for the ECN account. It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you.
Spreads and commissions with CJC Markets are scaled with the accounts offered. Specifically, the spread starts from 1.5 pips on the Standard account, from 1 pip on the VIP account, and raw spreads on the ECN account. As for the commission, there is no commission charged on the Standard and VIP accounts, while unspecified on the ECN account.
While the Standard and VIP accounts do not charge commissions, the spreads are higher, which may not be as cost-effective in the long run. Traders should carefully consider their trading style and needs when choosing an account type with CJC Markets.
Below is a comparison table about spreads and commissions charged by different brokers:
Broker | EUR/USD Spread | Commission |
CJC Markets | From 1.5 pips | No |
FP Markets | From 0.0 pips | AUD $7 round turn |
FXDD | From 0.2 pips | No |
Global Prime | From 0.0 pips | AUD $7 round turn |
Note that these rates are subject to change and may vary depending on account type and market conditions. Traders should always confirm the most up-to-date rates directly with the broker.
CJC Markets offers the leading MT4 trading platform for iOS, Android, Windows, and Mac to meet a wide range of user needs. MT4 is currently the most popular forex trading platform on the market, with a user-friendly interface, and powerful charting tools. With a user-friendly interface, powerful charting tools, and a large number of custom indicators, MT4 is available for automated trading and EA trading, helping traders of all levels to develop different trading strategies and help traders to get ahead in the financial markets.
See the trading platform comparison table below:
Broker | Trading Platform |
CJC Markets | MetaTrader 4 |
FP Markets | MetaTrader 4, MetaTrader 5, Iress |
FXDD | MetaTrader 4 |
Global Prime | MetaTrader 4 |
From the logos shown at the foot of the home page on CJC Markets official website, we found that this broker seems to accept numerous means of deposit and withdrawal choices, consisting of Visa, MasterCard, Bitcoin, bit wallet, BTPay, Bank Wire, dragon pay, help2ay, PayTrust, Skrill, Neteller, and Tether.
Having multiple payment options provides more convenience and flexibility for traders to deposit and withdraw their funds. It's worth noting that certain payment methods may have fees or restrictions, so it's essential to check with the broker's website or customer service before making any transactions.
CJC Markets | Most other | |
Minimum Deposit | $1,000 | $100 |
See the deposit & withdrawal fee comparison table below:
Broker | Deposit Fee | Withdrawal Fee |
CJC Markets | N/A | N/A |
FP Markets | None | None |
FXDD | None | Varies by method |
Global Prime | None | None |
Note: Withdrawal fees for FXDD vary depending on the payment method used. Please refer to the broker's website for more information.
The CJC Markets customer support team can be contacted 24/5 through telephone, email, social media, or live chat. You can also follow this broker on social networks such as Facebook, Instagram and LinkedIn. FAQ section is also available. Alternatively, traders can visit their physical office in Auckland, New Zealand.
It's worth noting that having a physical office can provide additional peace of mind for traders who value face-to-face communication and transparency with their broker. The availability of multiple channels for customer support is also a plus, as traders can choose the most convenient way to reach out for help. However, the lack of 24/7 customer support may be a disadvantage for traders who need immediate assistance outside of regular business hours. Overall, the customer support options provided by CJC Markets seem to be reasonable and comprehensive.
Pros | Cons |
• Available 24/5 through various channels | • No 24/7 customer support |
• Physical office available for in-person help | • No support for some languages |
• Active on various social media platforms | |
• Comprehensive FAQ section on the website |
Please note that these pros and cons are based on the information available and may not be exhaustive.
On our website, you can see that some users have reported scams. Please be aware and exercise caution when investing. You can check our platform for information before trading. If you find such fraudulent brokers or have been a victim of one, please let us know in the Exposure section, we would appreciate it and our team of experts will do everything possible to solve the problem for you.
Generally, CJC Markets is an unregulated broker that provides a range of instruments. However, the high minimum deposit requirement, lack of regulation, and negative reviews from clients raise concerns about the safety of the platform. On the other hand, the broker offers balance protection up to $500, and there is a range of deposit and withdrawal options available. The customer support team can be contacted 24/5. Overall, traders should approach CJC Markets with caution and consider the potential risks before investing.
Q 1: | Is CJC Markets regulated? |
A 1: | No. Their Australia Securities & Investment Commission (ASIC) license is exceeded. |
Q 2: | At CJC Markets, are there any regional restrictions for traders? |
A 2: | Yes. CJC Markets does not accept customers who are residents of the US and China (including Hong Kong). |
Q 3: | Does CJC Markets offer the industry-standard MT4 & MT5? |
A 3: | Yes. CJC Markets supports MT4. |
Q 4: | What is the minimum deposit for CJC Markets? |
A 4: | The minimum initial deposit to open an account is $1,000. |
Q 5: | Is CJC Markets a good broker for beginners? |
A 5: | No. It is not a good choice for beginners. Not only because of its unregulated condition, but also because of its too high initial deposit. |
To compare transaction costs across different brokers, our experts analyze the transaction-specific fees (such as spreads) and non-trading fees (such as inactivity fees and payment costs).
To get a comprehensive understanding of how cheap or expensive jfx and cjc-markets are, we first considered common fees for standard accounts. On jfx, the average spread for the EUR/USD currency pair is -- pips, while on cjc-markets the spread is --.
To determine the safety of our top brokers, our experts will consider many factors. This includes which licenses the broker holds and the credibility of these licenses. We also consider the history of brokers, because long-term brokers are usually more reliable and trustworthy than new brokers.
jfx is regulated by FSA. cjc-markets is regulated by FinCEN,FMA,ASIC,ASIC,ASIC,ASIC.
When our experts review brokers, they will open their own accounts and trade through the broker's trading platform. This enables them to comprehensively evaluate the quality, ease of use, and function of the platform.
jfx provides trading platform including -- and trading variety including --. cjc-markets provides trading platform including ECN,VIP,Standard and trading variety including Forex, CFD’s, Commodities, Stocks.