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Jade FOREX -

Score

1.44 /10
Danger

Jade FOREX

Seychelles

2-5 years

Suspicious Regulatory License

High potential risk

http://18.136.11.62

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Score

Regulatory Index0.00

Business Index6.47

Risk Management Index0.00

Software Index4.00

License Index0.00

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Licenses

No valid regulatory information, please be aware of the risk

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Broker Information

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Company Name

Jade Belfort Ltd

Company Abbreviation

Jade FOREX

Platform registered country and region

Seychelles

Company website

Company summary

Pyramid scheme complaint

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Warning: Low score, please stay away! 2
Previous Detection : 2024-11-13
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The current information shows that this broker does not have a trading software. Please be aware!

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Jade FOREX · Company summary

Note: Jade FOREX's official website: https://jade-belfort.com/ is currently inaccessible normally.

Jade FOREXReview Summary
Founded2021
Registered Country/RegionSeychelles
RegulationNot regulated
Market InstrumentsCurrency pairs, precious metals, energies
Demo Account/
LeverageUp to 1:200
EUR/USD SpreadFrom 0.8 pips - Standard Account (STP) account
Trading PlatformMT4 and cTrader
Min Deposit1000 JPY
Customer SupportEmail: contact@jade-forex.com
Phone: +852 8193 0346
Contact form
Address: Nobel Capital Group Limited of Room B11, First Floor, Providence Complex, Providence, Mahe, Seychelles
Social media: Twitter and LINE

Jade FOREX, founded in 2021 and registered in Seychelles, offers various trading assets, including currency pairs, precious metals, energies with spread from 0.0 pips and leverage up to 1:200 via two trading platforms: MT4 and cTrader. However, Jade FOREX operates without regulation, and its minimum deposit is as high as 1000 JPY.

Jade FOREXReview Summary

Pros and Cons

Pros Cons
Various trading assetsHigh minimum deposit
High leverageNot regulated
Tight spreadsLack of transparency
Popular trading platforms - MT4 and cTrader

Is Jade FOREX Legit?

Jade FOREX appears to offer a range of attractive features and security measures for forex traders, including the use of SSL encryption for secure transactions, 24/7 deposit availability, access to Tier-1 liquidity providers for competitive interbank rates, the adoption of Non Dealing Desk (NDD) execution for price transparency and fair trading, and a commitment to high-quality infrastructure for reliable execution speeds and price accuracy.

However, the significant concern with Jade FOREX is its lack of regulation. Regulation by a reputable financial authority is crucial in the forex industry as it provides traders with a level of security, trust, and recourse in the event of disputes or broker's insolvency.

Without regulation, protections against fraudulent activities are minimal, and the risk to your invested capital increases significantly. While Jade FOREX offers promising trading conditions and security measures, the absence of regulatory oversight means that the risk of financial loss due to malpractice or fraud is markedly higher.

Is Jade FOREX Legit?

What Can I Trade on Jade FOREX?

Tradable InstrumentsSupported
Forex✔
Precious metals✔
Energies ✔
Indices❌
Stocks ❌
Cryptos ❌
Options ❌
What Can I Trade on Jade FOREX?
What Can I Trade on Jade FOREX?

Account Type

Jade FOREX offers two account types: the Standard Account (STP) and the Low Spread Account (ECN). To open a Standard Account. Whether the demo account is offered, it is not mentioned.

Account TypeStandard (STP)Low Spread (ECN)
Min Deposit1,000 JPY
Account CurrencyUSD or JPY
Min Trading Unit0.01 lots
Max Trading Unit30 lots
ExecutionStraight Through Processing (STP)Electronic Communication Network (ECN)
Account Type

Leverage

Jade FOREX offers leverage up to 1:200. High leverage comes with not only high returns but high losses.

Spread and Commission

Jade FOREX offers two account types with different spreads:

Standard Account (STP) has a spread starting from 0.8 pips for EUR/USD. Law Spread Account (ECN) offers tighter spreads starting from 0.0 pips for EUR/USD. ECN accounts typically come with commission fees on trades, but the information on commissions is not provided in the details you gave.

Trading Platform

Trading PlatformSupported Available Devices Suitable for
MT4✔Web, Desktop and MobileBeginners
MT5❌/Experienced traders
cTrader✔Web, Desktop and MobileExperienced traders

Deposit and Withdrawal

Deposit Options

Deposit Option CurrencyMin. DepositFeeProcessing Time
Bank transferUSD, JPY1,000 USD or 100,000 JPY❌1-3 business days
Bitcoin 50 USD or equivalentImmediately
Ethereum
USDT (ERC20)
USDC (ERC20)
XRP (Ripple)
Deposit and Withdrawal

Withdrawal Options

Withdrawal Option CurrencyMin. Withdrawal FeeProcessing Time
Bank transferUSD, JPY30 USD3000JPY (30 USD) equivalent or 1.5% of the withdrawal amount2-5 working days
USDT (ERC20)30 USDT
Withdrawal Options

User Reviews

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User comment

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Comments

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MrZhou
more than one year
You can trade both with MT4 and cTrader! Low minimum deposit is great for starting small, and the spreads are competitive!
You can trade both with MT4 and cTrader! Low minimum deposit is great for starting small, and the spreads are competitive!
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2024-08-16 15:09
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迪梵尔
more than one year
Jade FOREX? Don't waste your time. They say you can start with just $10, but when you try to open an account they tell you it's a minimum of $200! And once you deposit, the spreads are insane and your account keeps dropping offline. Trust me, it's not worth the hassle. I would not like to give it one star.
Jade FOREX? Don't waste your time. They say you can start with just $10, but when you try to open an account they tell you it's a minimum of $200! And once you deposit, the spreads are insane and your account keeps dropping offline. Trust me, it's not worth the hassle. I would not like to give it one star.
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2023-03-23 18:29
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