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Score
New Zealand
2-5 yearsSuspicious Regulatory License
MT4 Full License
High potential risk
Influence
Add brokers
Comparison
Quantity 1
Exposure
Score
Regulatory Index0.00
Business Index6.82
Risk Management Index0.00
Software Index9.75
License Index0.00
Single Core
1G
40G
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Company Name
UP WAY GLOBAL MARKETS
Company Abbreviation
JRFX
Platform registered country and region
New Zealand
Company website
X
YouTube
Company summary
Pyramid scheme complaint
Expose
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 |
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 | 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 |
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 |
Tradable Instruments | Supported |
Forex | ✔ |
Commodities | ✔ |
Indices | ✔ |
US stocks | ✔ |
Cryptocurrencies | ❌ |
Bonds | ❌ |
Options | ❌ |
ETFs | ❌ |
Here are three account types JRFX offers:
Account Type | Min Deposit |
EasyPro | $100 |
Standard | $100 |
ECN | $10 000 |
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.
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 | Supported | Available Devices | Suitable for |
JRFX APP | ✔ | Android, IOS, Google play | / |
MT4 | ✔ | Desktop, mobile | Beginners |
MT5 | ❌ | / | Experienced traders |
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