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United Arab Emirates|2-5 years|
MT4 Full License|The server is only located in China.|Suspicious Overrun|High potential risk|


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MT4/5 Identification

MT4/5 Identification

Full License

Server Name
UpWay3-Demo MT4
Server Location China


+65 8372 7701
4413 DMCC Business Centre Level No 1 Jewellery & Gemplex 3 Dubai United Arab Emirates


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Single Core



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Contact number


+65 8372 7701

Broker Information


Company Name


Company Abbreviation


Platform registered country and region

United Arab Emirates

Company website

Pyramid scheme complaint


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Warning: Low score, please stay away! 2
Previous Detection : 2024-04-25
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The New ZealandFSPR regulation (license number: 770914) claimed by this broker is suspected to be clone. Please be aware of the risk!

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JRFX · Company Summary

Note: JRFXs official site ( is currently not functional. Therefore, we could only gather relevant information from the Internet to present a rough picture of this broker.

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

JRFX Review Summary
Founded 2010
Registered Country/Region United Arab Emirates
Regulation No regulation
Market Instruments forex, stocks, index, futures, precious metal, energy
Leverage 1:1000
EUR/USD Spread 0.7 pips (Std)
Trading Platforms MT4
Minimum Deposit $100
Customer Support email, telephone, 24-hour online messaging

What is JRFX?

JRFX is an unregulated brokerage firm that offers a diverse range of trading instruments across various asset classes, including forex, stocks, indices, futures, precious metals, and energy. With multiple types of accounts, such as EasyPro, Standard, and ECN, JRFX aims to cater to the needs of traders with different experience levels. The company provides access to the widely recognized MetaTrader 4 (MT4) trading platform, known for its robust features and user-friendly interface. In addition, JRFX offers various trading tools, including newsletters, a financial calendar, technical analysis tools, and risk management features, to assist clients in making informed trading decisions.

JRFX's home page

Pros & Cons

Pros Cons
• Diverse trading instruments • Lack of regulation
• Multiple account types • Reports of login issues
• Competitive spreads • Unavailable of website
• MetaTrader 4 (MT4) platform supported

JRFX Alternative Brokers

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

  • Degiro - Particularly popular in Europe, Degiro offers low-cost trading and a user-friendly platform, making it a good choice for cost-conscious investors in the European market.

  • IG - A globally recognized broker known for its competitive spreads, extensive market coverage, and user-friendly platforms - recommended for traders of all levels seeking a reliable and feature-rich trading environment.

  • Avatrade - A well-regulated broker with a comprehensive range of trading instruments and multiple trading platforms - recommended for traders looking for a diverse range of markets and advanced trading tools.

Is JRFX Safe or Scam?

Based on the information provided, it is important to exercise caution when considering the safety and legitimacy of JRFX as a brokerage firm. The absence of valid regulation raises concerns about the company's adherence to industry standards and regulatory oversight, which are crucial for investor protection. Furthermore, reports of users experiencing difficulties logging into their accounts raise additional red flags regarding the reliability and stability of the platform. It is advisable to thoroughly research and gather more information about JRFX, including user experiences and reviews from reliable sources. Additionally, consulting with financial professionals or seeking guidance from trusted regulatory bodies can help in making an informed decision about the safety and legitimacy of JRFX as a brokerage firm.

Market Instruments

JRFX is a brokerage firm that offers a diverse range of trading instruments across various asset classes. Here is a brief summary of the market instruments provided by JRFX:

  • Forex: JRFX allows you to trade in the foreign exchange market, where you can buy or sell different currency pairs. Forex trading involves speculating on the price movements of one currency relative to another, aiming to profit from these fluctuations.

  • Stocks: JRFX provides access to a wide range of stocks from various global markets. You can trade shares of individual companies, taking advantage of price movements and potentially earning profits through buying low and selling high.

  • Index: JRFX offers trading opportunities in stock market indices, such as the S&P 500, Dow Jones Industrial Average, or FTSE 100. These indices represent a basket of stocks and allow you to speculate on the overall performance of a particular market or sector.

  • Futures: JRFX enables trading in futures contracts, which are agreements to buy or sell assets at a predetermined price and date in the future. Futures contracts are available for various commodities, financial instruments, and indices, allowing traders to speculate on price movements or hedge against potential risks.

  • Precious Metals: JRFX allows trading in precious metals like gold, silver, platinum, and palladium. These metals are popular as safe-haven assets and can be traded to take advantage of price fluctuations or as a hedge against inflation or economic uncertainties.

  • Energy: JRFX offers trading in energy commodities, including crude oil, natural gas, and other energy-related products. Energy trading allows investors to speculate on price movements driven by supply and demand dynamics, geopolitical factors, and global economic conditions.

Market Instruments


JRFX provides a range of account options to cater to the diverse needs and preferences of its clients. These include the EasyPro account, the Standard account, and the ECN account, each having its own distinct features and benefits. The EasyPro account requires a minimum deposit of $100, making it an accessible choice for beginner traders or those looking to start with a smaller investment. The Standard account also has a minimum deposit requirement of $100, offering a broader range of trading features and instruments compared to the EasyPro account. For experienced and professional traders seeking direct market access and a transparent trading environment, JRFX offers the ECN account, which requires a higher minimum deposit of $10,000. With the ECN account, traders can enjoy tighter spreads, faster execution, and access to deep liquidity from multiple liquidity providers.

Account Type Minimum Deposit
EasyPro $100
ECN $10000
Account Types


JRFX provides different leverage options tailored to the specific account types it offers. For the EasyPro account, the maximum leverage available is 1:1000, allowing traders to control positions that are up to 1000 times the size of their trading capital. This high leverage level can potentially amplify both profits and losses, making it essential for traders to exercise caution and implement effective risk management strategies.

The Standard account, on the other hand, offers a maximum leverage of 1:500. With this leverage level, traders can control positions that are up to 500 times the amount of capital in their trading account. The Standard account strikes a balance between higher leverage and risk management, offering traders increased trading power while still maintaining a level of control over their positions.

For those opting for the ECN account, JRFX provides a maximum leverage of 1:200. This leverage level is comparatively lower than the EasyPro and Standard accounts, aiming to provide traders with a more controlled exposure to the market. The ECN account is typically favored by experienced traders who prioritize risk management and capital preservation.

Types of Accounts Maximum Leverage
EasyPro 1:1000
Standard 1:500
ECN 1:200

Spreads & Commissions

JRFX provides competitive and transparent pricing through its spread and commission structures across different account types. For the EasyPro account, traders can enjoy spreads starting from 1.2 pips, representing the difference between the buying and selling prices of a trading instrument. This implies a moderate cost associated with executing trades in this account type.

For the Standard account, JRFX offers tighter spreads starting from 0.7 pips, which indicates a reduced cost compared to the EasyPro account. Traders opting for the Standard account can benefit from more competitive pricing when executing their trades.

The ECN account stands out with its 0.0 pip spreads, indicating that traders have access to raw interbank spreads without any additional mark-up from the broker. This allows ECN account holders to enjoy highly competitive pricing and potentially lower transaction costs.

One notable feature across all account types offered by JRFX is the absence of commissions. This means that traders do not incur any additional fees based on the trading volume or value of their trades. The absence of commissions can be advantageous for traders, as it eliminates an extra cost component and simplifies the calculation of trading expenses.

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

Broker EUR/USD Spread (pips) Commissions (per lot)
JRFX 0.7 (Std) No commission
Degiro 0.8 $2.50 per trade
IG 0.6 $10 per trade
Avatrade 0.9 None

Deposits & Withdrawals

JRFX provides convenient and accessible options for depositing and withdrawing funds from trading accounts. The company supports deposits and withdrawals through popular payment methods, namely VISA, JCB, and UnionPay. JRFX aims to provide a smooth and secure experience for depositing and withdrawing funds by supporting widely recognized payment options. However, it is always advisable for traders to review the specific deposit and withdrawal policies, including any associated fees or processing times, by referring to the official JRFX website or contacting their customer support.

Trading Platform

JRFX offers its clients the popular MetaTrader 4 (MT4) trading platform. MT4 is a widely recognized and widely used platform in the financial industry, known for its robust features and user-friendly interface. With MT4, JRFX clients can enjoy features such as one-click trading, customizable charts, multiple timeframes, and a wide selection of analysis tools. The platform is available for desktop download, web-based trading, and mobile devices (iOS and Android), enabling traders to access the markets and manage their positions from anywhere at any time.


See the trading platform comparison table below:

Broker Trading Platforms
Degiro Web Trader, Trading App, PowerTrader (for professional traders)
IG IG WebTrader, IG API, MetaTrader 4, ProRealTime
Avatrade AvaTradeGo, L2 Dealer, MetaTrader 4, cTrader

Trading Tools

JRFX provides its clients with a range of trading tools to enhance their trading experience and decision-making processes. Here is a brief description of the trading tools offered by JRFX:

  • Newsletter: The newsletter is a valuable tool that keeps clients informed about the latest market news, analysis, and updates. JRFX's newsletter may cover a wide range of financial topics, including market trends, economic indicators, and relevant news events. It aims to provide clients with insights and information that can help them make informed trading decisions.

    • Newsletter
  • Financial Calendar: The financial calendar is a tool that displays important upcoming economic events, such as economic reports, central bank announcements, and other significant financial milestones. JRFX's financial calendar helps clients stay aware of key events that can potentially impact the financial markets. By keeping track of scheduled economic releases, traders can adjust their trading strategies accordingly.

Financial Calendar

User Exposure on WikiFX

On our website, you can see reports of unable to log in. Traders are encouraged to carefully review the available information and consider the risks associated with trading on an unregulated platform. 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.

User Exposure on WikiFX

Customer Service

JRFX offers multiple channels for customer service, ensuring that clients can easily reach out for assistance. Clients can contact the customer service team via email at, allowing them to communicate their queries, concerns, or requests in a written format. In addition to email support, JRFX provides telephone support for direct and immediate assistance. Clients can reach the customer service team by dialing +65 8372 7701. To further cater to clients' needs, JRFX offers 24-hour online customer service.

contact details


In conclusion, JRFX offers a comprehensive trading experience with a variety of trading instruments, account types, and a reliable trading platform in the form of MetaTrader 4 (MT4). With its range of trading tools, including newsletters and a financial calendar, clients can stay informed about market developments and make well-informed trading decisions. The absence of commission charges, competitive spreads, and convenient deposit and withdrawal options contribute to the accessibility and flexibility of trading with JRFX. Furthermore, the availability of customer support through email, telephone, and 14-hour online service ensures that clients can easily access assistance when required. However, it is important to note that the lack of valid regulation and reports of login issues raise concerns and require caution when considering the safety and legitimacy of JRFX as a brokerage firm. Prospective traders should conduct thorough research, seek reliable information, and exercise due diligence before engaging with JRFX or any other brokerage firm.

Frequently Asked Questions (FAQs)

Q1: What types of trading instruments does JRFX offer?

A1: JRFX offers a wide range of trading instruments, including forex, stocks, indices, futures, precious metals, and energy.

Q2: What are the minimum deposit requirements for JRFX's different account types?

A2: The minimum deposit requirements for JRFX's account types are $100 for the EasyPro account, $100 for the Standard account, and $10,000 for the ECN account.

Q3: Does JRFX charge commissions for trades?

A3: No, JRFX does not charge commissions for trades across all its account types.

Q4: What leverage levels are available at JRFX?

A4: JRFX offers leverage of up to 1:1000 for the EasyPro account, 1:500 for the Standard account, and 1:200 for the ECN account.

User Reviews

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scam broker , cant withdraw for this broker
2023-08-22 17:00
more than one year
JRFX? More like Jeez-R-They-Even-A-Real-Trading-Platform! Don't be fooled by their "deposit bonus" offer. You gotta put in 500 bucks AND make a trade to qualify. And don't get me started on their "6/24" customer service promise. Good luck reaching them on six out of seven days in a week! Dealing with this outfit is like trying to catch a greased pig - frustrating and fruitless. Stay away, guys!
2023-03-28 10:17
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