Score

2.35 /10
Danger

JRFX

New Zealand

2-5 years

Suspicious Regulatory License

MT4 Full License

High potential risk

C

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Comparison

Quantity 1

Exposure

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Website

Score

Regulatory Index0.00

Business Index6.82

Risk Management Index0.00

Software Index9.75

License Index0.00

Open Account
Website

Licenses

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

UP WAY GLOBAL MARKETS

Company Abbreviation

JRFX

Platform registered country and region

New Zealand

Company website

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Company summary

Pyramid scheme complaint

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Warning: Low score, please stay away! 2
Previous Detection : 2025-01-01
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The China Hong Kong CGSE regulation (license number: 084) claimed by this broker is suspected to be clone. Please be aware of the risk!

WikiFX Verification

Pyramid scheme complaint
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JRFX · Company summary
JRFX Review Summary
Founded2005
Registered Country/RegionNew Zealand
RegulationNo regulation
Market InstrumentsForex, commodities, indices, US stocks
Demo Account
LeverageUp to 1:1000
SpreadFrom 0.7 pips (Standard account)
Trading PlatformMT4, JRFX APP
Min Deposit$100
Customer Support24/7 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.

JRFX's homepage

Pros and Cons

Pros Cons
Various trading productsNo valid regulations
Demo accountsUnknown 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 CountryRegulatorCurrent StatusRegulated EntityLicense TypeLicense No.
UK
Financial Conduct Authority (FCA)Revoked Up Way UK Global International LimitedAppointed Representative (AR)913023
UK
Financial Conduct Authority (FCA)Revoked Upway Global Market (UK) LimitedAppointed Representative (AR)991852
Hong Kong
The Chinese Gold & Silver Exchange Society (CFSE)Suspicious Clone 金荣中国金融业有限公司Type AA License084
Revoked FCA license
Revoked FCA license
Suspicious clone CGSE license
Domain information

What Can I Trade on JRFX?

Tradable Instruments Supported
Forex
Commodities
Indices
US stocks
Cryptocurrencies
Bonds
Options
ETFs
What Can I Trade on JRFX?

Account Type

Here are three account types JRFX offers:

Account TypeMin Deposit
EasyPro $100
Standard $100
ECN $10 000
Account comparison

Leverage

Account TypeMax 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 TypeSpreadCommission
EasyPro From 1.2 pips
Standard From 0.7 pips
ECN From 0 pips$3.5/lot per side

Trading Platform

Trading PlatformSupported Available Devices Suitable for
JRFX APPAndroid, IOS, Google play/
MT4Desktop, mobileBeginners
MT5/Experienced traders
JRFX APP
MT4

User Reviews

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User comment

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Comments

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T信念
0-3months
诱导消费,进去给你个赠金,没到2个月不让出金
诱导消费,进去给你个赠金,没到2个月不让出金
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2024-10-05 20:01
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Rymond Lus
more than one year
Their proprietary app is great for checking in on the markets on the go. Handy little thing
Their proprietary app is great for checking in on the markets on the go. Handy little thing
Translate to English
2024-08-07 14:29
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