Jade FOREX

Note: Jade FOREX's official website: https://jade-belfort.com/ is currently inaccessible normally.

Jade FOREX, founded in 2021 and registered in Seychelles, offers various trading assets, including currency pairs, precious metals, energies with spread from 0.0 pips and leverage up to 1:200 via two trading platforms: MT4 and cTrader. However, Jade FOREX operates without regulation, and its minimum deposit is as high as 1000 JPY.

Pros and Cons

Is Jade FOREX Legit?

Jade FOREX appears to offer a range of attractive features and security measures for forex traders, including the use of SSL encryption for secure transactions, 24/7 deposit availability, access to Tier-1 liquidity providers for competitive interbank rates, the adoption of Non Dealing Desk (NDD) execution for price transparency and fair trading, and a commitment to high-quality infrastructure for reliable execution speeds and price accuracy.

However, the significant concern with Jade FOREX is its lack of regulation. Regulation by a reputable financial authority is crucial in the forex industry as it provides traders with a level of security, trust, and recourse in the event of disputes or broker's insolvency.

Without regulation, protections against fraudulent activities are minimal, and the risk to your invested capital increases significantly. While Jade FOREX offers promising trading conditions and security measures, the absence of regulatory oversight means that the risk of financial loss due to malpractice or fraud is markedly higher.

What Can I Trade on Jade FOREX?

Account Type

Jade FOREX offers two account types: the Standard Account (STP) and the Low Spread Account (ECN). To open a Standard Account. Whether the demo account is offered, it is not mentioned.

Leverage

Jade FOREX offers leverage up to 1:200. High leverage comes with not only high returns but high losses.

Spread and Commission

Jade FOREX offers two account types with different spreads:

Standard Account (STP) has a spread starting from 0.8 pips for EUR/USD. Law Spread Account (ECN) offers tighter spreads starting from 0.0 pips for EUR/USD. ECN accounts typically come with commission fees on trades, but the information on commissions is not provided in the details you gave.

Trading Platform

Deposit and Withdrawal

Deposit Options

Withdrawal Options