JadeForex

JadeFOREX Information

JadeFOREX is a forex trading platform operated by Jade Belfort Limited. It was established in April 2021, with its headquarters located in Seychelles, and its business license number is IBC: 227736. This platform is committed to providing online foreign exchange margin trading, precious metals trading, and energy trading services for individual, corporate, and institutional investors. It adopts the No Dealing Desk (NDD) model, offering customers a stable and high-quality trading experience.

Pros and Cons

Is JadeFOREX Legit?

JadeFOREX claims to hold a business license (IBC: 227736) issued by Seychelles, but there is no evidence to show that it is regulated.

What Can I Trade on JadeFOREX?

JadeFOREX offers 25 currency pairs, precious metals trading (gold (XAU/USD) and silver (XAG/USD)), and energy trading.

Account Type

JadeFOREX offers a Standard Account with an STP execution mode, which is suitable for beginners and ordinary traders, and a Low Spread Account with an ECN execution mode, which is suitable for advanced traders and professionals.

Leverage

In terms of foreign exchange trading, both the standard account and the low spread account offer a fixed leverage of up to 200 times. For precious metals and energy trading, the maximum leverage is 100 times. High leverage not only amplifies the profit potential but also increases the risk.

JadeFOREX Fees

For the Standard Account, the spread is floating. For example, the spread of EUR/USD starts from 0.8 pips, and there is no trading commission.

As for the Low Spread Account, the execution mode is ECN, with a lower spread. For instance, the spread of EUR/USD starts from 0.0 pips, but a fee of 5 US dollars per lot is charged unidirectionally.

Trading Platform

JadeFOREX uses cTrader as its trading platform. This platform is developed by Spotware in Cyprus and is renowned for its fair trading environment and excellent user interface. It supports multi-device usage and can be operated on devices such as Windows PC, Mac PC, iPhone, iPad, Android, etc.

Copy Trading

The cTrader platform of JadeFOREX provides a copy trading function (social trading). Users can choose trading algorithms developed by traders worldwide for replication to achieve “entrusted trading”. Its advantages include availability across multiple devices, the freedom to select and start/stop replication, and time savings in trading. The operation process involves logging into cTrader, opening cTrader Copy, selecting a strategy and confirming the fees, and starting after entering the investment amount.

Deposit and Withdrawal

JadeFOREX offers various deposit methods.

Bank transfer is available with a minimum deposit of $1,000 or ¥100,000, and funds will be credited within 1-3 business days.

Additionally, multiple cryptocurrencies such as BTC, ETH, and USDT are supported. The minimum deposit amount for cryptocurrencies is equivalent to $50, and the funds will be instantly credited upon transaction approval.

Notably, JadeFOREX does not charge any deposit fees, although customers are responsible for any remittance fees.