Score

1.39 /10
Danger

JINKRA

United Kingdom

2-5 years

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

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Comparison

Quantity 3

Exposure

Open Account
Website

Score

Regulatory Index0.00

Business Index6.07

Risk Management Index0.00

Software Index4.00

License Index0.00

Open Account
Website

Licenses

No valid regulatory information, please be aware of the risk

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

Single Core

1G

40G

open now

Broker Information

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Company Name

JINKRA INTERNATIONAL FINANCE LIMITED

Company Abbreviation

JINKRA

Platform registered country and region

United Kingdom

Company website

Company summary

Pyramid scheme complaint

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Warning: Low score, please stay away!
Previous Detection : 2025-01-06
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

WikiFX Verification

Pyramid scheme complaint
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JINKRA · Company summary

Note: JINKRA's official website - https://jinkraltd.com/ is currently inaccessible normally.

JINKRAReview Summary
Founded/
Registered Country/RegionUnited Kingdom
RegulationUnregulated
Market InstrumentsForex, precious metals, commodities, and CFDs
Demo Account
LeverageUp to 1:200
Spread/
Trading PlatformMT5
Min Deposit$500
Customer SupportEmail: support@jinkraltd.com

JINKRA is a forex and CFD broker registered in the UK, offering trading through MT5 platforms, including forex, precious metals, commodities, and CFDs. Demo account is available and the minimum deposit provided is $500, which is quite high. Besides, JINKRA operates without regulatory oversight from any reputable financial body.

JINKRA's homepage

Pros and Cons

ProsCons
Various trading optionsInaccessible website
Demo accountsUnregulated status
MT5 supportedUnclear fee structures
Popular payment optionsHigh minimum deposit
Only email support

Is JINKRA Legit?

No, JINKRA is not regulated currently. Please be aware of the risk!

No license

What Can I Trade on JINKRA?

Tradable Instruments Supported
Forex
CFDs
Precious metals
Commodities
Indices
Stocks
Cryptocurrencies
Bonds
Options
ETFs

Account Type

JINKRA offers two account levels that traders can upgrade to. Account type including Standard and VIP accounts. Moreover, there is a demo account to practice with virtual assets.

Account TypeMin Deposit
Standard $500
VIP $500

Account comparison

Leverage

JINKRA provides a maximum leverage of up to 1:200 for the Standard account, which is solid and suits almost all trading styles.

Trading Platform

Trading PlatformSupported Available Devices Suitable for
MT5Desktop, web and mobile (iOS and Android)Experienced traders
MT4/Beginners
MT5

Deposit and Withdrawal

JINKRA accepts various payment methods, including major Wire Transfer, MasterCard, VISA, Maestro, and e-wallet processors like Skrill, Neteller, and PayPal. Specific details regarding deposit and withdrawal fees, as well as the processing timeframes are not clear.

News

ExposureJinkra International Finance Ltd: 35% Income Tax Payment + Punishment for Not Paying

Generally, forex brokers do not have any relationship with your local tax bureau. They are just private entities that are running a business operation on their own. Therefore, if a forex broker were to ask for any tax payments from you on behalf of the tax bureau, do not make such payments by any means. Unfortunately, that is a sign that one of your feet is already caught in its trap. That is a scammer, not a legitimate forex broker.

WikiFX
2022-09-14 12:00
Jinkra International Finance Ltd: 35% Income Tax Payment + Punishment for Not Paying

User Reviews

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User comment

4

Comments

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QuWA
more than one year
The absence of educational resources is also drawback, especially for traders looking to enhance their skills. I faced issues with deposit and withdrawal methods, as the information provided is not specific. Considering these factors, I would advise traders to approach JINKRA with caution and consider alternative brokers with more transparent practices.
The absence of educational resources is also drawback, especially for traders looking to enhance their skills. I faced issues with deposit and withdrawal methods, as the information provided is not specific. Considering these factors, I would advise traders to approach JINKRA with caution and consider alternative brokers with more transparent practices.
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2023-12-11 17:51
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Yokilala
more than one year
The fact that the broker's regulatory status is not disclosed raised concerns for me. Additionally, the minimum deposit requirement of $500 is relatively high, limiting accessibility for some traders. Specific details about spreads are not disclosed, which makes it difficult to assess the overall cost of trading.
The fact that the broker's regulatory status is not disclosed raised concerns for me. Additionally, the minimum deposit requirement of $500 is relatively high, limiting accessibility for some traders. Specific details about spreads are not disclosed, which makes it difficult to assess the overall cost of trading.
Translate to English
2023-12-08 09:58
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