jfxfx.com is an online CFD trading site launched in September 2024 under the brand name "JFX". The platform offers a diverse range of CFD trading services, including forex, precious metals, crude oil, and indices, but does not provide services to regions prohibited by laws and regulations.
Platform Service Details
Trading Accounts
The platform offers a default trading leverage of 1:400, with a minimum trade size starting from 0.01 lots, and has no minimum deposit amount restriction. However, jfxfx.com does not disclose complete account details such as spreads, margin levels, stop-out requirements, and commissions. Users are advised to carefully consider these undisclosed details before opening an account to ensure they meet their investment needs.
Trading Platform
The platform supports the ST5 trading platform, compatible with both desktop and mobile operations. The ST5 platform provides 31 chart tools and 30 technical indicators, offering strong support for users to analyze the market and formulate strategies.
However, when downloading the mobile app, the App Store link shows the app name as "ACMJ", and the Google Play link shows "RTHYUTG", both of which do not match ST5.
Trading Product Categories
Forex Trading
jfxfx.com offers CFDs on a variety of major forex currency pairs, including EUR/USD, USD/CAD, GBP/USD, and USD/JPY, providing users with a diverse selection of the forex market.
Precious Metal Trading
The platform's spot trading of precious metals covers Gold (XAU/USD) and Silver (XAG/USD), giving users the opportunity to participate in the precious metals market and benefit from price fluctuations.
Crude Oil CFD Trading
Users can trade CFDs on US Oil (UsOIL) on the platform to potentially benefit from the price volatility in the energy markets.
Index Trading
The platform offers CFD trading options on several major global indices, including the Nikkei 225 (N225), Germany's DAX Index (GER30), and the S&P 500 Index (US500), providing investors with a rich choice in the index market.
Cryptocurrency Trading
Additionally, the platform offers CFDs on cryptocurrencies, covering major digital currencies such as Bitcoin (BTC/USD), Ethereum (ETH/USD), and Ripple (XRP/USD), catering to users' investment needs in the cryptocurrency market.
Deposit and Withdrawal Methods
Currently, jfxfx.com does not detail specific deposit and withdrawal methods or fee information on its website.
Contact and Social Media
The platform does not provide official accounts on mainstream social media (such as Facebook, Instagram, and Twitter). Users can only contact the platform through the online contact method or email provided on the website.
Company Background & Regulatory Information
Company Background
According to platform information, JFX is an international investment company with branches in various locations, including Australia, New Zealand, the United States, and China, and has established partnerships with financial institutions in multiple countries.
Regulatory Status
The platform claims to be regulated by the Cyprus Securities and Exchange Commission (CySEC) with the license number 312/16. However, according to CySEC's official records, the license number 312/16 belongs to Royal Financial Trading (Cy) Ltd, and its registered official website is www.oneroyal.eu, not jfxfx.com.
Conclusion
As a CFD trading platform launched in 2024, jfxfx.com currently does not have effective authorization from a legitimate financial regulatory authority, and there is an issue of using someone else's license information.
CFD trading carries high risks, and dramatic market fluctuations may lead to capital losses, especially in leveraged trading where both profits and risks are amplified. Investors are recommended to assess their risk tolerance after understanding the characteristics of market fluctuations and the mechanism of CFD trading before deciding whether to engage in such trading. Beginners are advised to choose to trade only after acquiring sufficient trading knowledge and experience, and it is recommended to prioritize platforms that are properly regulated to ensure the safety of their funds and reduce the risk of reckless investing.
