According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
- $100
- MetaTrader4
- Proprietary Mobile app
- BVIFSC
- DMCC
- FSP NZ
Our Evaluation of JRFX
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
JRFX is a broker with higher-than-average risk and the TU Overall Score of 4.45 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by JRFX clients on our website, Traders Union expert Anton Kharitonov recommends users to consider a more reliable broker with better conditions, as, according to reviews, many clients of this broker are not satisfied with the company’s work.
JRFX offers a wide range of trading instruments and account types, catering to both novice and experienced traders. Despite some limitations in instrument selection, the broker strives to provide high-quality service and favorable trading conditions.
Brief Look at JRFX
JRFX is an online broker that provides access to various financial markets, including Forex, metals, energies, stocks, and indices. It offers three account types: Standard, EasyPro, and ECN, with a minimum deposit of $100 required for the Standard account. JRFX supports the MetaTrader 4 (MT4) platform and a proprietary mobile application compatible with MT4. JRFX is registered and regulated by the British Virgin Islands Financial Services Commission(BVI FSC) and Dubai Multi Commodities Centre (DMCC).
We've identified your country as
US
We have thoroughly analyzed all companies legally providing trading services in your country and created a ranking of the best ones. Our analysis highlights companies that offer optimal working conditions, uphold a strong reputation, and consistently receive the highest number of positive reviews from traders on our website.
Explore the 5 top-rated companies in
US :
- Regulation by BVI FSC;
- Diverse range of trading instruments, including Forex, metals, energies, indices, and stocks;
- Competitive spreads from 0 pips on the ECN account;
- High leverage up to 1:1000;
- MetaTrader 4 compatibility across multiple devices;
- Comprehensive educational resources, including videos, articles, and trading guides;
- 24/7 client support.
- Relatively high minimum deposit requirements;
- Limited choice of trading instruments compared to other brokers.
JRFX Trading Conditions
Your capital is at risk. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. A high percentage of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
| 💻 Trading platform: | MetaTrader 4 and JRFX mobile app for iOS and Android |
|---|---|
| 📊 Accounts: | Standard, EasyPro, and ECN |
| 💰 Account currency: | USD |
| 💵 Deposit / Withdrawal: | Bank transfers and bank cards |
| 🚀 Minimum deposit: | $100 |
| ⚖️ Leverage: | Up to 1:1000 |
| 💼 PAMM-accounts: | No |
| 📈️ Min Order: | 0.01 lots |
| 💱 EUR/USD spread: | 0,2 pips |
| 🔧 Instruments: | Forex, metals, energies, indices, and stocks |
| 💹 Margin Call / Stop Out: | No |
| 🏛 Liquidity provider: | No |
| 📱 Mobile trading: | Yes |
| ➕ Affiliate program: | Yes |
| 📋 Order execution: | Market and instant |
| ⭐ Trading features: |
Competitive spreads; High leverage; VPS hosting; Choice of account types; Educational resources. |
| 🎁 Contests and bonuses: | Occasionally |
JRFX offers a reliable trading environment with a variety of instruments and competitive trading conditions. The broker supports MT4 accessible across multiple devices, providing flexibility for traders.
JRFX Key Parameters Evaluation
Share your experience
- Best
- Last
- Oldest
Trading Account Opening
To log in to the JRFX website, a username and password are required. Create a user account online by following a few simple steps:
Choose the account type that best suits your investment goals and strategies, and click the button to open it.
Provide your personal information, including first and last names, contact details, and country of residence, in the account opening form. Also, create a password for your first login to the user account. Finally, upload documents verifying your identity and address.
Regulation and safety
JRFX has a safety score of 5.8/10, which corresponds to a Medium security level. The safest brokers are those with Tier-1 regulation, a long history (over 10 years in the market), and participation in investor compensation schemes.
- Is regulated
- Negative balance protection
- Not tier-1 regulated
- Track record of less than 8 years
JRFX Regulators and Investor Protection
| Abbreviation | Full Name | Country of regulation | Investor Protection Fund | Regulation Level |
|---|---|---|---|---|
 BVI FSC |
British Virgin Islands Financial Services Commission | British Virgin Islands | No specific fund | Tier-2 |
JRFX Security Factors
| Foundation date | - |
| Negative balance protection | Yes |
| Verification (KYC) | Yes |
Commissions and fees
The trading and non-trading commissions of broker JRFX have been analyzed and rated as Medium with a fees score of 5/10. Additionally, these commissions were compared with those of the top two competitors, Pepperstone and OANDA, to provide the most comprehensive information.
- Tight EUR/USD market spread
- No inactivity fee
- No deposit fee
- Above-average Forex trading fees
- Withdrawal fee applies
Trading Fees and Spread
Below, we evaluated and compared the trading commissions of JRFX with those of two competitors. We focused on the spreads and other transaction fees directly associated with executing trades (e.g commission per lot on an ECN account). This comparison aimed to provide a clear understanding of the cost efficiency of each broker.
Standard Account Spread
For Standard accounts, JRFX’s commissions are part of the floating spread, which varies with market conditions. Typical values are provided, but during high volatility, the spread may exceed these.
JRFX Standard spreads
| JRFX | Pepperstone | OANDA | |
| EUR/USD min, pips | 1,5 | 0,5 | 0,1 |
| EUR/USD max, pips | 2,5 | 1,5 | 0,5 |
| GPB/USD min, pips | 1,7 | 0,4 | 0,1 |
| GPB/USD max, pips | 2,9 | 1,4 | 0,5 |
RAW/ECN Account Commission And Spread
The spread on ECN/RAW accounts is market-based and fluctuates, with average values given during active hours. It may vary during volatility spikes. A commission per lot is also charged.
JRFX RAW/ECN spreads
| JRFX | Pepperstone | OANDA | |
| Commission ($ per lot) | 4 | 3 | 3,5 |
| EUR/USD avg spread | 0,2 | 0,1 | 0,15 |
| GBP/USD avg spread | 0,4 | 0,15 | 0,2 |
Non-Trading Fees
We conducted a detailed analysis of the non-trading fees associated with JRFX. This review offers a comprehensive overview of the additional costs that may impact traders beyond regular trading activities.
JRFX Non-Trading Fees
| JRFX | Pepperstone | OANDA | |
| Deposit fee, % | 0 | 0 | 0 |
| Withdrawal fee, % | — | 0 | 0 |
| Withdrawal fee, USD | — | 0 | 0-15 |
| Inactivity fee ($, per month) | 0 | 0 | 0 |
Account types
JRFX offers a variety of account types, each tailored to accommodate specific trading preferences and asset classes. Its clients can choose from the available account types based on their trading experience and goals.
Deposit and withdrawal
JRFX received a Low score for the efficiency and convenience of its deposit and withdrawal processes.
JRFX offers limited payment options and accessibility, which may impact its competitiveness.
- Bank wire transfers available
- No deposit fee
- Bank card deposits and withdrawals
- Low minimum withdrawal requirement
- BTC not available as a base account currency
- BTC payments not accepted
- PayPal not supported
What are JRFX deposit and withdrawal options?
JRFX offers a limited selection of deposit and withdrawal methods, including Bank Card, Bank Wire, USDT. This limitation may restrict flexibility for users, making JRFX less competitive for those seeking diverse payment options.
JRFX Deposit and Withdrawal Methods vs Competitors
| JRFX | Plus500 | Pepperstone | |
| Bank Wire | Yes | Yes | Yes |
| Bank card | Yes | Yes | Yes |
| PayPal | No | Yes | Yes |
| Wise | No | No | No |
| BTC | No | No | No |
What are JRFX base account currencies?
A wide range of base account currencies minimizes the need for currency conversion, potentially reducing transaction costs for clients worldwide. JRFX supports the following base account currencies:
What are JRFX's minimum deposit and withdrawal amounts?
The minimum deposit on JRFX is $100, while the minimum withdrawal amount is $—. These minimums may vary depending on the chosen account type and payment method. For specific details, please contact JRFX’s support team.
Markets and tradable assets
JRFX offers a limited selection of trading assets compared to the market average. The platform supports 150 assets in total, including 30 Forex pairs.
- Commodity futures are available
- Indices trading
- Limited asset selection
- Small selection of currency pairs
Supported markets vs top competitors
We have compared the range of assets and markets supported by JRFX with its competitors, making it easier for you to find the perfect fit.
| JRFX | Plus500 | Pepperstone | |
| Currency pairs | 30 | 60 | 90 |
| Total tradable assets | 150 | 2800 | 1200 |
| Stocks | Yes | Yes | Yes |
| Commodity futures | Yes | Yes | Yes |
| Crypto | No | Yes | Yes |
| Stock indices | Yes | Yes | Yes |
| Options | No | Yes | No |
Investment options
We also explored the trading assets and products JRFX offers for beginner traders and investors who prefer not to engage in active trading.
| JRFX | Plus500 | Pepperstone | |
| Bonds | No | No | No |
| ETFs | No | Yes | Yes |
| Copy trading | No | No | Yes |
| PAMM investing | No | No | Yes |
| Managed accounts | No | No | No |
Customer support
JRFX provides 24/7 client support.
Advantages
- Multilingual client support, including English and Chinese
- Call center is available
- High responsiveness via email and live chat
Disadvantages
- Online support may be unavailable during national holidays
- Limited phone support
- The broker's office can only be visited by appointment
Available communication channels include:
-
Hotline;
-
Email;
-
Feedback form;
-
Live chat.
JRFX provides support to both existing clients and potential investors, even those who do not currently have active accounts.
Contacts
| Registration address | Euro House, Richmond Hill Road, P.O.Box 2897, Kingstown, Saint Vincent & the Grenadines |
|---|---|
| Regulation |
BVIFSC, DMCC, FSP NZ
Licence number: 2047780, 673932, FSP770914 |
| Official site | https://www.jrfx.com |
| Contacts |
+ 65 8372 7701
|
Education
JRFX provides access to basic and advanced educational resources, including instructions on account opening, margin management, and the use of MT4. However, the website lacks a stock market glossary or guidance on building a diversified portfolio, which can be important for novice investors.
Comparison of JRFX with other Brokers
| JRFX | Eightcap | XM Group | RoboForex | Bybit | FBS | |
| Trading platform |
MetaTrader4, Proprietary Mobile app | MT4, MT5, TradingView | MT4, MT5, MobileTrading, XM App | MT4, MT5, R MobileTrader, R StocksTrader, R WebTrader | MetaTrader5 | MT4, MobileTrading, MT5, FBS app |
| Min deposit | $100 | $100 | $5 | $10 | No | $5 |
| Leverage |
From 1:1 to 1:1000 |
From 1:30 to 1:500 |
From 1:1 to 1:30 |
From 1:1 to 1:2000 |
From 1:1 to 1:500 |
From 1:1 to 1:3000 |
| Trust management | No | No | No | No | No | No |
| Accrual of % on the balance | No | No | No | 10.00% | No | No |
| Spread | From 0 points | From 0 points | From 0.8 points | From 0 points | From 0 points | From 1 point |
| Level of margin call / stop out |
No | 80% / 50% | 100% / 50% | 60% / 40% | No / 50% | 40% / 20% |
| Order Execution | Market Execution, Instant Execution | Market Execution | Market Execution | Market Execution, Instant Execution | Market Execution | Market Execution |
| No deposit bonus | No | No | No | No | No | No |
| Cent accounts | No | No | No | Yes | No | No |
Detailed Review of JRFX
JRFX offers a comprehensive suite of tools and resources to assist its clients in market analysis, investment decision-making, and portfolio monitoring. With the MetaTrader 4 platform, analytical reports, newsfeeds, and various analytical tools, investors can tailor their strategies to align with their financial goals, risk tolerance, and trading preferences. The broker also provides access to diverse financial instruments, including currency pairs, metals, energies, and indices. JRFX prioritizes client security and provides 24/7 multilingual support.
JRFX’s trading platforms:
-
MetaTrader 4 (MT4). This is a popular online trading platform widely used by both novice and professional traders. MT4 offers powerful analytical tools, interface customization flexibility, and the ability to use automated trading systems (robots).
-
JRFX mobile app. It facilitates seamless on-the-go account management, supporting key MT4 features.
JRFX by the numbers:
-
100+ financial instruments;
-
$100 minimum deposit;
-
Spreads starting from 0.7 pips for the Standard account and 0 pips for the ECN account;
-
Leverage up to 1:1000;
-
24/7 multilingual client support.
Useful services offered by JRFX:
-
Access to currency pairs traded with competitive spreads and flexible leverage;
-
Trading metals, energies, stocks, and indices is supported for portfolio diversification;
-
Analytical reports and trading signals for informed decision-making;
-
Educational resources, including MT4 user guides and basics of technical analysis.
Promotions and bonuses:
-
Welcome bonus;
-
First-deposit bonus;
-
Discount coupons.
Advantages:
Trading platforms accessible across multiple devices;
Trading signals and analytical reports for informed decision-making;
Affordable minimum deposit;
High leverage for flexible trading strategy management.
Articles that may help you
Check out our reviews of other companies as well
User Satisfaction i