JYJ TRADER -Overview of Minimum Deposit, Spreads & Leverage

General Information & Regulation

JYJ TRADER is an Australia-based forex broker, with the company behind it called JYJ Trader Limited. There is minimal information about this company, and no regulatory license details is provided. Therefore, JYJ TRADER is an unregulated broker that is unsafe to trade with.

Markets Instruments

JYJ TRADER offers traders a range of trading assets that include stocks, indices, commodities and currencies.

Minimum Deposit

The minimum initial deposit required by JYJ TRADER is relatively low, only $100. Although this may sound encouraging, given the fact that JYJ TRADER is not regulated, traders are not advised to register real trading accounts.

Leverage

The maximum trading leverage offered by JYJ TRADER is relatively high, up to 1:500. Since leverage can amplify gains as well as losses, inexperienced traders are not advised to use too high leverage.

Spreads & Commissions

In terms of spreads and commissions, JYJ TRADER advertises that it offers low spreads, as low as 0.0 pips, but does not specify its spreads on particular instruments.

Trading Platform Available

JYJ TRADER has chosen MetaTrader4 (MT4) as their trading platform. This is the most popular solution, which is preferred by many brokers. It is also admired by lots of traders, mainly for the outstanding charting capabilities and the add-ons which are available. At the MQL marketplace, a broker independent online store, you can test, loan and purchase newly developed technical indicators and automated trading robots (better known as Expert Advisors).

Deposit& Withdrawal

Deposits methods include credit, debit cards and e wallets such as Neteller. Withdrawals of all funds that are deposited by credit card are returned to the original credit card. Any profits are sent via wire transfer. Withdrawals can take up to 5 days to be received to bank account.