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JRFX -

Suspicious Clone

Score

2.35 /10

Danger

JRFX

Item: JRFX
Rating: 2.35

New Zealand

2-5 years

Suspicious Regulatory License

MT4 Full License

High potential risk

https://www.jrfx.com/en

Influence

Add brokers

Comparison

Quantity 1

Exposure

Open Account

Website

Score

Regulatory Index0.00

Business Index6.85

Risk Management Index0.00

Software Index9.75

License Index0.00

Open Account

Website

Licenses

HKGX Suspicious Clone

Type AA License

VPS Standard

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

Single Core

40G

open now

Broker Information

Company Name

UP WAY GLOBAL MARKETS

Company Abbreviation

JRFX

Platform registered country and region

New Zealand

Company website

https://www.jrfx.com/en

https://twitter.com/jrfx_official

Facebook

https://www.facebook.com/JRFX_official-104448608357379

Instagram

YouTube

https://www.youtube.com/channel/UCYqR9Pk5q0EK9WM4pis01lw?app=desktop

Company summary

Pyramid scheme complaint

Expose

JRFX · Company summary

JRFX Review Summary
Founded	2005
Registered Country/Region	New Zealand
Regulation	No regulation
Market Instruments	Forex, commodities, indices, US stocks
Demo Account	✅
Leverage	Up to 1:1000
Spread	From 0.7 pips (Standard account)
Trading Platform	MT4, JRFX APP
Min Deposit	$100
Customer Support	24/7 live chat
	Tel: +65 8372 7701
	Email: info@jrfx.com, cs@jrfx.com
	X: https://twitter.com/jrfx_official
	Facebook: https://www.facebook.com/JRFX_official-104448608357379
	Instagram: https://www.instagram.com/jrfx_official/
	Youtube, Zalo, Telegram

JRFX Information

Founded in 2005, JRFX is an unregulated broker registered in New Zealand, offering trading on forex, commodities, indices and US stocks with leverage up to 1:1000 and spread from 0.7 pips on the Standard account through the MT4 and JRFX APP platforms. Demo accounts are available and the minimum deposit requirement to open a live account is $100.

Pros and Cons

Pros	Cons
Various trading products	No valid regulations
Demo accounts	Unknown payment options
Multiple account types
Commission-free accounts offered
MT4 platform
24/7 live chat

Is JRFX Legit?

No. JRFX currently has no valid regulations. Please be aware of the risk!

Regulated Country	Regulator	Current Status	Regulated Entity	License Type	License No.
	Financial Conduct Authority (FCA)	Revoked	Up Way UK Global International Limited	Appointed Representative (AR)	913023
	Financial Conduct Authority (FCA)	Revoked	Upway Global Market (UK) Limited	Appointed Representative (AR)	991852
	The Chinese Gold & Silver Exchange Society (CFSE)	Suspicious Clone	金荣中国金融业有限公司	Type AA License	084

What Can I Trade on JRFX?

Tradable Instruments	Supported
Forex	✔
Commodities	✔
Indices	✔
US stocks	✔
Cryptocurrencies	❌
Bonds	❌
Options	❌
ETFs	❌

Account Type

Here are three account types JRFX offers:

Account Type	Min Deposit
EasyPro	$100
Standard	$100
ECN	$10 000

Leverage

Account Type	Max Leverage
EasyPro	1:1000
Standard	1:500
ECN	1:200

Since leverage, can amplify both profits as well as losses, choosing the right amount is a key risk determination for traders.

JRFX Fees

Account Type	Spread	Commission
EasyPro	From 1.2 pips	❌
Standard	From 0.7 pips	❌
ECN	From 0 pips	$3.5/lot per side

Trading Platform

Trading Platform	Supported	Available Devices	Suitable for
JRFX APP	✔	Android, IOS, Google play	/
MT4	✔	Desktop, mobile	Beginners
MT5	❌	/	Experienced traders

Check whenever you want

Download App for complete information

Download on the

WikiFX (Global)

Download on the

外汇天眼（中国）

GET IT ON

WikiFX Google Play

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WikiFX APK

Warning: Low score, please stay away! 2

Previous Detection : 2025-01-31

It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

The China Hong Kong HKGX regulation (license number: 084) claimed by this broker is suspected to be clone. Please be aware of the risk!

WikiFX Verification

Overview

Biz Area

WikiFX Survey

Website

MT4/5

Genealogy

Clones

Keywords

Account

Time Machine

Exposure

1 pieces of exposure in total

Pyramid scheme complaint

Expose

Scam

Inducing consumption, they offer a bonus upon entry, but do not allow withdrawals within two months.

TXINNIAN

2024-10-05 20:01

JRFX · Company summary

JRFX Review Summary
Founded	2005
Registered Country/Region	New Zealand
Regulation	No regulation
Market Instruments	Forex, commodities, indices, US stocks
Demo Account	✅
Leverage	Up to 1:1000
Spread	From 0.7 pips (Standard account)
Trading Platform	MT4, JRFX APP
Min Deposit	$100
Customer Support	24/7 live chat
	Tel: +65 8372 7701
	Email: info@jrfx.com, cs@jrfx.com
	X: https://twitter.com/jrfx_official
	Facebook: https://www.facebook.com/JRFX_official-104448608357379
	Instagram: https://www.instagram.com/jrfx_official/
	Youtube, Zalo, Telegram

JRFX Information

Pros and Cons

Pros	Cons
Various trading products	No valid regulations
Demo accounts	Unknown payment options
Multiple account types
Commission-free accounts offered
MT4 platform
24/7 live chat

Is JRFX Legit?

No. JRFX currently has no valid regulations. Please be aware of the risk!

Regulated Country	Regulator	Current Status	Regulated Entity	License Type	License No.
	Financial Conduct Authority (FCA)	Revoked	Up Way UK Global International Limited	Appointed Representative (AR)	913023
	Financial Conduct Authority (FCA)	Revoked	Upway Global Market (UK) Limited	Appointed Representative (AR)	991852
	The Chinese Gold & Silver Exchange Society (CFSE)	Suspicious Clone	金荣中国金融业有限公司	Type AA License	084

What Can I Trade on JRFX?

Tradable Instruments	Supported
Forex	✔
Commodities	✔
Indices	✔
US stocks	✔
Cryptocurrencies	❌
Bonds	❌
Options	❌
ETFs	❌

Account Type

Here are three account types JRFX offers:

Account Type	Min Deposit
EasyPro	$100
Standard	$100
ECN	$10 000

Leverage

Account Type	Max Leverage
EasyPro	1:1000
Standard	1:500
ECN	1:200

Since leverage, can amplify both profits as well as losses, choosing the right amount is a key risk determination for traders.

JRFX Fees

Account Type	Spread	Commission
EasyPro	From 1.2 pips	❌
Standard	From 0.7 pips	❌
ECN	From 0 pips	$3.5/lot per side

Trading Platform

Trading Platform	Supported	Available Devices	Suitable for
JRFX APP	✔	Android, IOS, Google play	/
MT4	✔	Desktop, mobile	Beginners
MT5	❌	/	Experienced traders