SJFX-Some Important Details about This Broker

WikiFX | 2022-09-30 19:01

Abstract：Registered in the Saint Vincent and the Grenadines, Shinejoin Markets presents itself as a forex broker providing trading-related service. Shinejoin Markets has mentioned nothing about he company behind it, even its name. There is no contact number either, only an address in Saint Vincent and the Grenadines (SVG), an offshore place where forex brokers are not regulated.

Since Shinejoin Marketss official website (https://shinejoinmarkets.com/) no longer works, we could only piece together the rough picture of this brokerage house by gathering some relevant information from other websites.

General Information

Registered in the Saint Vincent and the Grenadines, Shinejoin Markets presents itself as a forex broker providing trading-related service. Shinejoin Markets has mentioned nothing about he company behind it, even its name. There is no contact number either, only an address in Saint Vincent and the Grenadines (SVG), an offshore place where forex brokers are not regulated.

Of course, Shinejoin Markets is not subject to any regulation to show it operates legally. Please be aware of the risk.

Minimum Deposit

Shinejoin Markets seems to offer all investors one Standard account, with the minimum deposit to open this account not disclosed.

Leverage

Shinejoin Markets allows its clients to use leverage of up to 1:100, higher than the levels regarded appropriate by many regulators, with the maximum leverage for major forex up to 1:30 in Europe and Australia, and 1:50 in Canada and U.S.

Since leverage can magnify gains as well as losses, it can also cause serious fund losses, especially to inexperienced traders. Therefore, it is wise for beginners to choose the smaller size no more than 1:10 until they gain more trading experience.

Spreads & Commissions

Actually, Shinejoin Markets does not disclose its trading conditions offered. The only thing mentioned on SJFX‘s website is a spread from 0.7 pips on EUR/USD pair, which proved to be incorrect. Through the demo account on the MT5 trading platform, the spread on the EUR/USD was fixed at 3 pips, which is significantly higher than the industry’s average.

Trading Platform

Shinejoin Markets provides access to the industry-leading MT5 trading platform, which can be accessed on any device, Windows, Desktop, IOS, and Android. The MT5 trading platform allows one-click operations for opening and closing trades, setting stops and entry limits, placing direct orders, setting and editing limit and stop loss, as well as charting.

Customer Support

As an unregulated offshore forex broker, Shinejoin Markets provides the poor customer service, and clients with any inquiries or trading-related issues can only get in touch with this broker through an email: support@shinejoinmarkets.com.

Risk Warning

Trading leveraged products such as forex, cryptocurrencies and derivatives may not be suitable for all investors as they carry a high degree of risk to your capital. Please ensure that your fully understand the risks involved, taking into account your investments objectives and level of experience.

The information presented in this article is intended solely for reference purposes.

Forex trading Forex Broker

Related broker

No Regulation

SJFX

Company name：ShineJoin Markets

Score

1.57

5-10 years | Suspicious Regulatory License | Suspicious biz area | High potential risk

Score

1.57

IVY MARKETS Exposure: Traders Allege Illegitimate Fees, Blocked Withdrawal Orders & No Refunds

Did IVY Markets deduct unfair fees from your deposit amount? Has your forex trading account been deleted by the broker on your withdrawal request? Failed to withdraw your funds after accepting the IVY Markets deposit bonus? Did the broker fail to address your trading queries, whether via email or phone? Such issues have been affecting many traders, who have expressed their displeasure about these on broker review platforms. In this IVY Markets review article, we have investigated some complaints. Keep reading to know the same.

Original 2026-01-17 17:21

Zenstox Review: Do Traders Face Withdrawal Blocks & Fund Scams?

Does Zenstox give you good trading experience initially and later scam you with seemingly illicit contracts? Were you asked to pay an illegitimate clearance fee to access fund withdrawals? Drowned financially with a plethora of open trades and manipulated execution? Did you have to open trades when requesting Zenstox fund withdrawals? You have allegedly been scammed, like many other traders by the Seychelles-based forex broker. In this Zenstox review article, we have investigated multiple complaints against the broker. Have a look!

Original 2026-01-16 21:39

Smart Trader Exposure: Login Glitches, Withdrawal Delays & Scam Allegations

Did your Smart Trader forex trading account grow substantially from your initial deposit? But did the forex broker not respond to your withdrawal request? Failed to open the Smart Trader MT4 trading platform due to constant login issues? Does the list of Smart Trader Tools not include the vital ones that help determine whether the reward is worth the risk involved? Have you witnessed illegitimate fee deduction by the broker? These issues have become too common for traders, with many of them criticizing the broker online. In this article, we have highlighted different complaints against the forex broker. Take a look!

Original 2026-01-16 20:29

Investing24.com Review – Can Traders Trust the App Data for Trading?

Does trading on Investing24.com data cause you losses? Do you frequently encounter interface-related issues on the Investing24.com app? Did you witness an annual subscription charge at one point and see it non-existent upon checking your forex trading account? Did the app mislead you by charging fees for strong buy ratings and causing you losses? You are not alone! Traders frequently oppose Investing24.com for these and more issues. In this Investing24.com review article, we have examined many such complaints against the forex broker. Have a look!

Original 2026-01-16 19:17