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The WikiFX Score of this broker is reduced because of too many complaints!

JASFX

Comoros|2-5 years|
Suspicious Regulatory License|White label MT5|Regional Brokers|High potential risk|

https://jasfx.net/

Website

Rating Index

MT4/5 Identification

MT4/5 Identification

White Label

2
Server Name
JasFX-MT5 MT5
Server Location United Kingdom

Contact

Support@jasfx.net
https://jasfx.net/
P.B. 1257 Bonovo Road, Fomboni, Comoros, KM.
https://www.facebook.com/Jas-FX-104137525583209
The WikiFX Score of this broker is reduced because of too many complaints!

Licenses

No valid regulatory information, please be aware of the risk!

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

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Broker Information

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Company Name

Jasfx Ltd

Company Abbreviation

JASFX

Platform registered country and region

Comoros

Company website
Twitter
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Pyramid scheme complaint

Expose

Check whenever you want

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Warning: Low score, please stay away! 2
Previous Detection : 2024-04-13
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The number of the complaints received by WikiFX have reached 19 for this broker in the past 3 months. Please be aware of the risk and the potential scam!

WikiFX Verification

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Others

GOING TO PAY ROI FOR EARNINGS

I don't want to invest in any of the phone call staff, I only have a new headache, and then I know the name is a specialist so if I call them they will help me earn money, I'm going to borrow money and I want to join in so it's for me. The name of the high lech can't be saved anymore ..And they tell me more for now, but if you want to borrow money, if you know if there's no more money, then tell the name of the jasfx restaurant to check the money again for me.. .Please contact the staff to check the website if you do not send the sms code so it can be logged in again to make sure that it is passed to each person.

2023-12-15 13:33
Unable to Withdraw

scam from business to technical and support

I was tricked by an employee named My Thuy into opening an account and depositing $10,000 to increase stocks. When it was time to deposit money, it was transferred to bad technicians to manage and forced me to bet a large amount but I didn't follow through. If you play according to the possibility of burning, don't forget. Seeing that, when I asked to withdraw money, he said he didn't have enough volume, but at first he said he didn't require any volume. I had to manually buy 15 lots of goods like the technician told me to withdraw money. When you have 15 lots of goods, it says you still need 15 lots of index to be eligible to withdraw money. I continued to manually add 15 more index lots, but until I had enough, it still wouldn't allow me to withdraw. When I called the support switchboard, they gave a general answer and didn't know anything. The withdrawal order was interrupted by them. I would like to give up the shares I was given and they won't let me withdraw them without a reason. it causes all kinds of difficulties. I heard that the technician no works in Cambodia. Everyone should stay away from these people.

2023-12-26 16:30
Unable to Withdraw

JASFX promised to help, IB advisor lied to me!!

I met Mr. Minh in November and he introduced me to investments with broker JASFX. When things were going well, I decided to invest $200k. I followed Mr. Minh's trading orders, and had some profit but then lost more than 100k dollars. When I asked him for help, he told me to deposit a little more and we would get everything back soon. I continued to follow advisor Minh's orders and continuously lost money. So I requested to withdraw money but Mr. Minh did not respond. 5 days ago, I received a message from JASFX headquarters telling me that their branch in Vietnam has no authorization and to be very careful. Advisor Minh lied to me all this time just to make me lose money!!

2024-04-12 10:48
Resolved

Scream my misery and ask for help from the wiki

The economy is difficult! I managed to deposit 2000 USD in capital just hoping to earn a few dollars! And I trusted the consultant to make the application for me! and she changed my phone number to another phone number! I found out a few days later! I started to feel uneasy! I said, I want to try withdrawing money to see if it comes back quickly so I can have a larger capital! Indeed, the money came back very quickly after 2 hours!? And now I have 855 USD left on the floor. I placed a withdrawal order of 750 USD from 10:18 pm on Thursday, December 13. Until now it has not been resolved! Even though I lost money and I didn't withdraw profits from the exchange, I still don't get support!? Now I want to ask the floor! Why? Are employees allowed to change customers' phone numbers? and for what purpose? This is unclear and fraudulent to the customer's personal account! And is it for the purpose of preventing the customer from withdrawing money because when withdrawing money there will be a text message notifying the phone number? ?When I asked the consultant to change my phone number correctly, he said that if he changed my phone number correctly, I would have to invest! Well, where do I start? when my corner money. I can't withdraw!?

2023-12-19 01:35
Unable to Withdraw

The general manager of JASFX sent a statement.

I started investing in Jasfx on November 1, 2023, on the recommendation of a friend who was doing well. I decided to invest about five hundred thousand US dollars because they brought me high profits. I followed the Expert Advisor in all my trading and automated trading. And then, I lost almost all my money and when I requested a withdrawal, the support team didn't respond to my messages and the advisor disappeared. Today I lost everything and I only have about $1400 left. I have filed many complaints and there is no support team. But today I received a message from Jasfx headquarters sending a statement about what happened to the investment accounts. This is frustrating and detrimental to me, I just hope they keep their word to resolve this issue. I look forward to your help Jasfx…!!!

2024-04-07 12:23
Scam

Fraud to defraud investors

I am the owner of account ID: 980541 - My account balance is 28,500 USD, and the floor requires me to deposit money and make enough bets, I will get a refund of part of the lost capital of 17k, when I make enough money. As for the number of lots, the floor asked me to buy 2 lots of XPTUSD, and guaranteed to refund the order of 2 lots of XPTUSD. - After cutting negative 13k for the XPTUSD order, the person at the floor called and informed me that I had to buy 1500 WIG10 bonus shares to legalize the 13k refunded to my account. I did not agree because I had already traded enough shares according to the order. as agreed. - The floor mechanism tells the person that I just go and negative how many floor compensation. As a result, my account was kicked out because the bonus shares had a high margin. It's been nearly 3 months now and I have not received the money back as promised by the floor. Currently, I have been informed that the person who supported my mechanism has quit his job. - There is no one to assist in resolving your application. Called but no one answered the phone to resolve the problem. - I want to know if it is really a mechanism on the floor or a trick of the floor IB to trick investors into taking profits from product codes with high spreads. - No matter what job you do, you have to be sincere, not cheat other people's money to benefit yourself. Everyone needs to post to the community to be alert.

2024-03-30 01:42
Scam

Scam y/c to deposit 5000usd and buy 1 lot of XPT to burn the account

My Jasfx account ID is: 992601 Offering a mechanism to reload money to the full number of lots to refund 70% of capital to losing investors. After completing the full number of lots, continue to require investors to place orders with spreads. Specifically, the big one is XPTUSD. I do not agree because the initial conditions were not in the agreement between the floor and the investor. But the person on the floor called to say that the XPTUSD order would be completely backed up by the floor. It's been 3 weeks now and I haven't received my money back and I keep hearing the answer that I'm waiting for the exchange's mechanism to send it back. And currently unable to contact support. So is this a scam to lure high spreads to receive commissions from IBs of the exchange? Those who intend to invest in Jasfx should also be careful about this issue.

2024-03-30 01:15
Scam

Fraud, fraud

I have a trading account at jasfx. ID number: 992601 capital 16000usd - In August 2023, I received support from a friend named Hoang Dang to trade goods and stocks. - On January 12, 2024, I was informed by Hoang Dang that the floor's price-bearing bonus had a limited time limit, so I asked to deposit more money to extend it, but because I couldn't get enough money to deposit into my account, the floor revoked the bonus. and resulted in the account being burned. - After my account was burned, Hoang Dang contacted me and said: that Jasfx floor gave me a mechanism to refund 70% of the deposited capital with the condition of trading 50 lots of forex and commodities and depositing 5000usd. - On March 11, 2024, I deposited 4200 USD + 800 USD (previously I deposited to keep the mechanism) for a total of 5000 USD. - During the time of supporting me to refund my capital, Mr. Hoang Dang due to personal matters handed over his records to Mr. Thanh Huyen. On March 12, 2024, Mr. Thanh Huyen supported me with 20 lots, these 20 lots got one My friend named Quan called to confirm. On the same afternoon, Thanh Huyen called and asked me to buy 1 lot of XPTUSD (you said this was a mandatory condition set by the exchange while Hoang Dang and Thanh Huyen initially did not mention the mandatory condition to buy XPTUSD). ). - At first, I didn't follow it because I read a lot of denunciation articles on the trader community group, specifically that if I bought 1 lot, my account would be negative by 6000 USD. I told Thanh Huyen that I didn't want to take this order, but Thanh Huyen said. Huyen insisted that I follow and said this was the floor's request. Thanh Huyen guarantees to refund the negative amount of the XPTUSD buy order. Because I trusted the floor and the supporter, I followed the signal. - At this point, it has been 2 weeks. I have not received back the negative amount of the XPTUSD buy order and have not received any notification from Thanh Huyen and Jasfx.

2024-04-08 08:47

    JASFX · Company Summary

    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

    JASFX Review Summary
    Founded 2010
    Registered Country/Region Saint Vincent and the Grenadines
    Regulation Unregulated
    Market Instruments Commodities, Indices, Metals, Forex, and CFD
    Demo Account Available
    Leverage Max 1:500
    EUR/USD Spread from 1.4 pips (Std)
    Trading Platforms MT5, Web Trader
    Minimum Deposit $500
    Customer Support 24/7 Live Chat SupportEmail: Support@jasfx.comSocial media: Facebook, Twitter, and InstagramRegistered Address: Suite 305, Griffith Corporate Centre, Beachmont Kingstown, P.O. Box 1510, St. Vincent and the Grenadines.

    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.

    JASFX's home page

    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

    Pros Cons
    • Diverse trading instruments • No regulation
    • MT5 trading platform • Reports of severe losses and failed withdrawals
    • Social Media available • Regional restrictions
    • Demo account available • High minimum deposit (500 USD)
    • Accepts numerous means of payment
    • 24/7 Live Chat Support

    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.

    protection measure

    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.

    Market Instruments

    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.

    Account Types

    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:

    Broker EUR/USD Spread (pips) Commissions (per lot)
    JASFX 1.4 (Std) No commissions (Std)
    Pepperstone 0.6 No commissions
    IG 0.6 N/A
    Admiral Markets From 0.6 No commissions

    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.

    MT5 desktop
    MT5 Mobile

    See the trading platform comparison table below:

    Broker Trading Platforms
    JASFX MT5, Web Trader
    Pepperstone TradingView, MT4/5, cTrader
    IG MT4, IG Proprietary
    Admiral Markets MT4/5, Web trader

    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

    JASFX Most other
    Minimum Deposit $500 $100
    payment methods

    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.

    User Exposure on WikiFX

    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.

    contact details

    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)

    Q1: What types of trading instruments are available at JASFX?
    A1: JASFX offers a variety of trading instruments, including Commodities, Indices, Metals, Forex, and CFD.
    Q2: Is JASFX a regulated brokerage firm?
    A2: No regulation.
    Q3: What trading platforms does JASFX provide?
    A3: JASFX offers MT5 for Mobile and Desktop, and Web Trader.
    Q4: At JASFX, are there any regional restrictions for traders?
    A4: Yes. JASFX currently only accepts clients from Europe, Africa, LATAM, and Asia & Pacific. The company does not provide services to residents of the North Americas region, Arab states, CIS countries, Afghanistan, Cuba, North Korea, Japan, Thailand, and other restricted countries.

    User Reviews

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    6

    Comments

    Write a review

    DIOR999
    more than one year
    Just a quick warning about my dreadful experience with JASFX - constant withdrawal issues, no responses when attempting to contact them, and I felt pushed into riskier trades. Lured in by a deposit scheme promising shares and bonuses, but even after meeting all requirements they blocked my withdrawals, holding onto both my principal and profits.
    2023-12-13 14:37
    Reply
    0
    0
    Phong5549
    6-12months
    cannot withdraw money, people should stay away
    2023-07-18 05:28
    Reply
    0
    0
    FX1316896855
    more than one year
    The content of JASFX's website is really too little, which makes me feel a little bit insincere. And I didn't find many user reviews online, so I don't know what kind of company this is.
    2023-03-09 10:31
    Reply
    0
    0
    giangchen3979
    more than one year
    The other two are people of the floor. Can withdraw money?
    2023-01-04 00:17
    Reply
    3
    0
    Nguyễn Hòa1215
    more than one year
    Fast transaction. good liquidity, good withdrawal. Should invest in JASFX floor.
    2022-12-14 15:15
    Reply
    0
    0
    HauNguyen
    more than one year
    Good liquidity. Sales and IB team enthusiastically analyze well. Should experience!
    2022-12-05 19:59
    Reply
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