JASFX Review 2024 – Is JASFX a scam or a legit broker?
JASFX operates as a brokerage firm registered in St. Vincent and the Grenadines, presenting a diverse array of trading instruments across Forex, Commodities, Stocks, CFD, Metals, Indices, and Cryptos. The MetaTrader5 and Web Trader trading platforms serve as the mediums for accessing these instruments. It’s essential to note, however, that JASFX currently lacks valid regulation.
In this JASFX review, we will thoroughly assess this broker’s attributes from various perspectives, furnishing you with clear and organized information. For a quick understanding of the broker’s qualities, a concise conclusion will be provided at the conclusion of the piece.
JASFX Website – https://jasfx.net/, https://jasfx.com/
Address – Suite 305, Griffith Corporate Centre, Beachmont Kingstown, P.O. Box 1510, St. Vincent and the Grenadines.
562/17 INCIO CONDOMINIUM Building B Floor 3 Serithai Rd. Khongkum Buengkum Bangkok 10240
Regulation Status – Unregulated
Warned by – Not Recommended By Review Website Like Scam Bitcoin
Domain Age –
| Domain Name | jasfx.net |
|---|---|
| Date Registered | February 06, 2023 |
| Domain Age | 10 months, 20 days, 7 hours, 10 minutes, 17 seconds |
About JASFX Regulation
JASFX operates without valid regulation and has been accused by clients of encountering difficulties in withdrawing their funds. While the assertion that client funds are kept separate from the company’s own funds is a common industry practice for client protection, the absence of proper regulation raises concerns about ensuring compliance.
The absence of regulation and reports of withdrawal challenges serve as substantial warning signs, signaling potential risks. Traders must exercise utmost caution when engaging with unregulated brokers, as these entities may not offer the essential safeguards and protections for client funds.
JASFX Review: Spreads and leverages
JASFX provides a maximum leverage of up to 1:500, allowing you to control a position valued at 500 times your initial deposit. While leverage has the potential to amplify profits, it also increases the risk of substantial losses. In the event of adverse market movements, you may incur losses exceeding your deposited amount.
For the Standard account, the minimum floating spread is 1.4 pips, and no commission is applied. The VIP I account features floating spreads starting from 0.6 pips, coupled with a commission of $10 per lot. The VIP II account presents floating spreads starting from 0.1 pips, with a commission of $6 per lot. It’s essential to note that these figures represent the minimum spreads and commissions, and the actual values may vary based on market conditions.
Deposit and Withdrawal Methods
JASFX indicates its willingness to process deposits and withdrawals through various methods, including Local Bank Transfer (Instant), Credit Card (Instant), Wire (5 Days), and Crypto options such as USDT and BTC (Instant). The company accommodates transactions in several currencies, namely USD, EUR, GBP, THB, IDR, and VND. It’s important to note that the minimum deposit required to open an account is set at $500. However, there is no specific mention of the minimum withdrawal amount in the provided information.
JASFX Review: Traders Review
Numerous reports highlight substantial losses or difficulties in the withdrawal process. While the business has received several such reports, it appears that some have been successfully resolved. We strongly encourage traders to thoroughly assess the risks associated with trading on unregulated platforms and carefully review the readily available information. Prior to engaging in trading activities, it is advisable to scrutinize the details of our platform.
JASFX Review: Conclusion
If you become a victim of the JASFX scam, it is crucial to take prompt action by initiating a dispute and requesting a chargeback. Complete a complaint form on our Scam Bitcoin website to access a free consultation from our experts who specialize in the fund recovery process.
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