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IC Markets Global

J Trust Royal Bank

JTR | 2024-09-29 19:06

Lời nói đầu：JTR is from a Cambodian brokerage firm. For individual and corporate traders, JTR mainly offers trading products including foreign exchange, forward contracts and foreign exchange swaps. However, JTR is now in an unregulated state and does not support the MT4/5 trading platform.

Aspect	Information
Company Name	J Trust Royal Bank
Registered Country/Area	Cambodia
Regulation	Unregulated
Minimum Deposit	$500
Trading Platforms	J Trust Royal Mobile
Tradable Assets	Forex, Forward Exchange Contracts, Foreign Currency (FX) Swap
Customer Support	Phone and Social Media
Deposit & Withdrawal	Online Banking and Mobile Banking

JTR Information

JTR is from a Cambodian brokerage firm. For individual and corporate traders, JTR mainly offers trading products including foreign exchange, forward contracts and foreign exchange swaps.

However, JTR is now in an unregulated state and does not support the MT4/5 trading platform.

Pros and Cons

Pros	Cons
Mobile trading platforms available	No regulation
	No account information
	Minimum initial deposit equivalent of USD 500
	MT4/5 is not supported

Is JTR Legit?

JTR is currently unregulated and there is some risk involved in trading with it, so please be careful.

What Can I Trade on JTR?

On JTR, individual traders can trade forex. Corporate traders can trade forex, forward exchange contracts and forex swaps.

JTR says it helps you buy or sell foreign currency at real-time prices to meet your immediate needs. It is also possible to lock in preferred rates at real-time forex market rates for future payments. By setting prices in advance, you can be more certain of your rates while enjoying flexibility as you can extend or pre-deliver your contract at any time.

Swap available currencies: Krier, Australian dollar, British pound, New Zealand dollar, Japanese yen, Thai Baht and Euro.

Tradable Instruments	Supported
Forex	✔
Forward Exchange Contracts	✔
Foreign Currency (FX) Swap	✔
Precious metals & Commodities	❌
Indices	❌
Stocks	❌
Bonds	❌
ETF	❌

JTR Fees

Non-Trading Fees

Individual traders need to pay attention to the fee information when trading Forex on JTR.

Maintenance Fee	USD 10 (equivalent of USD 10 for foreign currency) if minimum ongoing balance < USD 500
Dormant Fee	Free
Early Closure Fee	USD 20 (equivalent of USD 20 for foreign currency)
Account Keeping Fee	Free

Trading Platform

Trading Platform	Supported	Available Devices	Suitable for
J Trust Royal Mobile	✔	Mobile	Beginner
MT4	❌
MT5	❌

Deposit and Withdrawal

JTR requires a minimum initial deposit of $500 for individual traders. Transact by using online banking and mobile banking.

Customer Service

JTR does not offer 24/7 customer service, which can be reached by phone or social media.

Contact Options	Details
Phone	+855 (0) 23 999 000
Social Media	Facebook, Instagram, Telegram, Tiktok, Youtube, Linkedln
Website Language	English, Khmer, Japanese

The Bottom Line

For traders, especially corporate traders who need to exchange currencies and hedge future exchange rate risk, JTR is a platform for trading forex, forward contracts and forex swaps.

Even as mentioned above, we have to look at the problem with JTR. It is not regulated, and it does not provide key information such as accounts.

FAQs

Is JTR safe?

No, JTR is not secure enough. Currently, the regulatory status of JTR is unregulated.

Is JTR good for beginners?

No, it's not for beginners. The reason is that JTR has a minimum initial deposit of $500, which is a bit high for beginners. JTR does not yet support the more beginner friendly MT4/5 trading platform.

Is JTR good for day trading?

No, JTR is not suitable for day trading. JTR is not regulated and trading is not secure.