JX Spreads, leverage, minimum deposit Revealed

WikiFX | 2021-12-06 11:15

Abstract：JX is an online broker registered in China, with its founding time, actual address and the company behind it not disclosed to all. No regulatory license details are found. Clearly, JX was established to scam traders.

　　General Information & Regulation

　　JX is an online broker registered in China, with its founding time, actual address and the company behind it not disclosed to all. No regulatory license details are found. Clearly, JX was established to scam traders.

　　Risk Warning

　　JX website cannot be opened at this stage, which means that this illegal broker have probably ran away and sold their domain.

　　Market Instruments

　　JX advertises that it can offers a wide range of trading assets including forex currency pairs, commodities, stock indices and more.

　　Minimum Deposit

　　In terms of minimum initial deposit, JX does not make this part clear. In most cases, brokers would ask traders to deposit at least $100 or even less to start trading.

　　Leverage

　　With respect to trading leverage, the maximum leverage level for forex trading is up to 1:500, which is considered high. Since leverage can amplify gains as well as losses, inexperienced traders are not advised to use too high leverage in case of fund losses.

　　Spreads & Commissions

　　JX advertises that it offers super low spreads, but it does not specify spreads on particular instruments. This is the widely used tactic by unregulated brokers, trying to attract new traders and then scam them.

　　Trading Platform Available

　　In terms of trading platform available, What JX offers to its traders is not the MT4 or MT5 trading platform. Maybe some web-based or mobile app platform, we have no clue about it.

　　Customer Support

　　The JX customer support can be reached through telephone: 18161909276, as well as the email: 2469758371@qq.com.

　　How does scams Work？

　　The scam really works when the reps of the broker contact the user, either through a phone call or an email address. They will start asking for deposits all the while promising super profit gains. Those that deposit might even get a taste of false gains, whose true purpose is to compel the client to deposit more. These scammers know very well how to manipulate users. Their catalogue of psychological trickery is vast, and their patience is unbreakable.