Abstract:JETbitX says it is an online trading broker giving their clients access to a series of trading instruments, including Forex, Digital Currencies, Indices, Shares, Commodities. With the JETbitX platform, investors are given the flexibility of choosing from three types of trading accounts, Base, Advanced and Pro, with the minimum deposit to open an account starting at $10,000. JETbitX does not disclose who operates it and it is not subject to any regulation to operate illegally. And that’s why WikiFX has given this broker a very low score of 1.04/10. Please be aware of the risk.
JETbitX
Basic | Information |
Registered Countries | N/A |
Regulation | No License |
Minimum Deposit | $250 |
Maximum Leverage | 1:500 |
Minimum Spread | From 0.0 pips |
Trading Platform | JETbitX WebTrader |
Trading Assets | Forex, Digital Currencies, Indices, Shares, Commodities |
Payment Methods | VISA, MasterCard, Maestro, Wire Transfer |
Customer Support | Email, Telephone |
General Information
JETbitX says it is an online trading broker giving their clients access to a series of trading instruments, including Forex, Digital Currencies, Indices, Shares, Commodities. With the JETbitX platform, investors are given the flexibility of choosing from three types of trading accounts, Base, Advanced and Pro, with the minimum deposit to open an account starting at $10,000.
JETbitX does not disclose who operates it and it is not subject to any regulation to operate illegally. And thats why WikiFX has given this broker a very low score of 1.04/10. Please be aware of the risk.
Market Instruments
Clients are provided the access to a wide selection of trading instruments, including Forex, Commodities, Stocks, Indices, and Digital Currencies.
Account Types
Base accounts, Advanced accounts and Pro accounts are available options for both retail and professional clients. The minimum deposit amount specifies the account type, with the Base account from $10,000, the Advanced account from $100,000, the Elite account from $25,000.
Some account features include 6/24 customer support, an education center, daily market review, pro webinars, price alerts, daily analysis video, and more.
Bonuses
JETbitX provides two kinds of bonuses: Welcome Bonus and Referring Bonus.
Welcome Bonus: 10%-15% bonus of the first deposit
Referring Bonus: 15%-20% bonus of your friends deposit
Leverage
When it comes to leverage, JETbitX provides its customers with access to 1:500, which is greater than the levels regarded appropriate by many regulators, with the maximum leverage for major currencies up to 1:30 in Europe and Australia, and 1:50 in the United States and Canada.
Since leverage can amplify both gains and losses, it can result in devastating losses for investors who lack experience. If you're just starting out in the trading world, it's best to stick with the lower size, no more than a 1:10.
Trading Platform
What JETbitX provides is not the MT4 OR MT5 trading platform, a proprietary trading platform called JETbitX Webtrader. This trading platform provides a rich, user-friendly interface in a fully customizable trading environment, free to access via the web and very easy to get familiar with.
Payment Methods
The minimum deposit is $250, and deposits can be done through VISA, MasterCard, Maestro, and Wire Transfer.
Customer Support
Clients who have any inquiry or trading-related issues can get in touch with this broker through the following contact channels:
Phone: +16044048206
Email: support@jetbitx.com
Working Hour: 08:00- 18:00
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.
Pros & Cons
Pros | Cons |
Flexible trading account options | No regulation |
Wide selection pf | High minimum deposits |
Weak trading platform |
Frequently Asked Questions
What items can I trade with on JETbitX?
JETbitX offers access to Forex, Commodities, Stocks, Indices, and Digital Currencies.
What is the minimum deposit required by JETbitX?
The minimum deposit to starting trading with JETbitX is $250.
What is the maximum leverage available?
The maximum trading leverage that is available on the JETbitX platform is up to 1:500.
According to the report, Doo Group, a prominent Singapore-based online brokerage firm, has strengthened its global presence by securing new offshore licenses for its brokerage brand, Doo Financial. The company recently announced that entities under the Doo Financial umbrella have been granted licenses by two key offshore regulatory bodies: the British Virgin Islands Financial Services Commission (BVI FSC) and the Cayman Islands Monetary Authority (CIMA).
In recent months, PrimeX Capital, a Forex and CFD broker established in 2022, has become a subject of concern in the trading community. However, despite these enticing features, the broker's reputation has been severely tarnished by multiple complaints and a troubling lack of regulatory oversight.
Forex broker scams continue to evolve, employing new tactics to appear credible and mislead unsuspecting traders. Identifying these fraudulent schemes requires vigilance and strategies beyond the usual advice. Here are five effective methods to help traders assess the legitimacy of a forex broker and avoid potential pitfalls.
Doo Financial, a subsidiary of Singapore-based Doo Group, has expanded its regulatory footprint by securing new offshore licenses from the British Virgin Islands Financial Services Commission (BVI FSC) and the Cayman Islands Monetary Authority (CIMA).