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Jrjway Information Revealed

WikiFX | 2024-10-16 18:55

Abstract:Jrjway, also known as " 金荣中国金融业有限公司" , operates as a Hong Kong-based company offering trading services in Spot Gold and Spot Silver. While it claims to be regulated by the China Hong Kong CGSE with License No. 084, there are doubts regarding its regulatory legitimacy. Jrjway provides different account types, including Standard and VIP Accounts (Levels 0 to 8), each with specific entry requirements and benefits. The company offers a trading app called "金荣APP" and the MetaTrader 4 (MT4) platform for traders. However, it's worth noting that there is a notable complaint about difficulties with fund withdrawals and concerns about the credibility of the institution's regulatory status.

JrjwayReview Summary
Founded2022
Registered Country/RegionHong Kong
RegulationSuspicious clone
Market InstrumentsSpot Gold, Silver
Demo Account/
Leverage/
Spread$24 per lot discount
Trading PlatformJin Rong APP, MT4
Min Deposit$70
Customer SupportPhone: (+852)2385 0868
Email: cs@jrir.com
21/F,Full Floor, Phase 2. Lee Garden Two. 8Yan King Road, Tsuen Wan, New Territories, Hong Kong

Jrjway Information

Jrjway, founded in 2022, is a brokerage registered in Hong Kong. It currently offers spot gold and silver trading for traders, plus 2 other accounts and 2 trading platforms. It is currently in an abnormal state of supervision - suspected cloning, security is lacking.

Pros and Cons

ProsCons
No opening priceSuspicious clone
Zero commission
MT4 supported

Is Jrjway Legit?

Regulatory StatusSuspicious clone
Regulated byHong Kong
Licensed Institution金荣中国金融业有限公司
Licensed TypeType AA License
Licensed Number084
Suspicious clone

What Can I Trade on Jrjway?

Jrjway mainly offers spot gold and silver trading.

Tradable InstrumentsSupported
Spot Gold✔
Silver✔
Forex❌
Commodities❌
Indices❌
Stocks❌
Bonds❌
ETF❌

Account Types

Jrjway offers two types of accounts: Standard Account and VIP (0-8) High-End Account. Of the two accounts, the minimum deposit is $70 and the maximum is $40,000. It's a big span.

In contrast, the VIP (0-8) High-End Account has more benefits than the Standard Account, which are reflected in bonuses and different rights. Among them, the most obvious is the Spread Rebate, VIP (0-8) High End Account of $24 per lot, Standard Account of $22 per lot.

Account TypesStandard AccountVIP (0-8) High-End Account
Minimum Deposit$70VIP 0: Single deposit of $20,000 or 1,000 lots VIP(1-8): Accumulated deposit starting from $40,000, 2,000 lots
Spread Rebate$22 per lot$24 per lot
Trade Lot Size per Transaction0.05 to 20 lots0.05 to 50 lots
Dedicated Customer Service×✓
Priority Funding and Withdrawal×Withdrawal can be processed within 30 minutes
Trading Training×✓
Birthday Bonus✓✓
Upgrade Bonus×Available for VIP1 and above
Monthly Red Packet×Available for VIP2 and above
Additional Rebates×Available for VIP3 and above
Access to capital injection×Available for VIP3 and above
Special Offers×Available for VIP6 and above

Jrjway Fees

Jrjway emphasizes that for traders, there is no opening price, zero commission and spread discount. It offers a spread of $50 per contract for London Gold and $200 per contract for London Silver.

In addition, open a standard account and enjoy a $22 spread discount, while VIP accounts enjoy an even lower spread discount of only $24 per contract.

Jrjway Fees

Trading Platform

Trading PlatformSupportedAvailable DevicesSuitable for
Jin Rong APP✔MobileBeginner
MT4✔Desktop, MobileBeginner
MT5❌

Deposit and Withdrawal

JRJway facilitates fund deposits and managementthrough their“JRJway Wallet”system. The initial deposit for 1 lot of London Gold is $1.000. And for 1 lot of London Silver, it's $650.

LeverageDealerForex trading

Related broker

Regulated
Upway
Company name:金榮中國金融業有限公司
Score
6.78
Website:https://www.jrjr.com/en
5-10 years | Regulated in Hong Kong China | Type AA License | MT5 Full License
Score
6.78

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