JadeForex

Risk Warning

Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.

General Information

What is Jade FOREX？

Jade FOREX is a global brokerage firm based in Seychelles. It provides traders with access to market instruments including Forex, Precious metals, Energy. However, it is important to note Jade FOREX is currently not regulated by any recognized financial authorities which may raise concerns when trading.

In the following article, we will analyze the characteristics of this broker from various aspects, providing you with simple and organized information. If you are interested, please read on. At the end of the article, we will also briefly make a conclusion so that you can understand the broker's characteristics at a glance.

Pros & Cons

Jade FOREX Alternative Brokers

There are many alternative brokers to Jade FOREX depending on the specific needs and preferences of the trader. Some popular options include:

• IronFX- With a global presence and a wide range of trading instruments, IronFX offers a solid option for traders looking for a comprehensive brokerage service.

• OANDA- Renowned for its reliable execution and extensive market research tools, OANDA is an excellent choice for traders seeking a reputable and feature-rich forex trading platform.

• Pepperstone- Known for its competitive spreads, fast execution, and outstanding customer support, Pepperstone is a top-notch brokerage option for both beginners and experienced traders.

Ultimately, the best broker for an individual trader will depend on their specific trading style, preferences, and needs.

Is Jade FOREX Safe or Scam？

When considering the safety of a brokerage like Jade FOREX or any other platform, it's important to conduct thorough research and consider various factors. Here are some steps you can take to assess the credibility and safety of a brokerage:

• Regulatory sight: Its been verified that the broker is currently not regulated by any recognized financial authorities, which means that there is no guarantee that it is a safe platform to trade with.

• User feedback: Read reviews and feedback from other clients to get an understanding of their experiences with the brokerage. Look for reviews on reputable websites and forums.

• Security measures: Jade FOREX prioritizes fund safety by implementing segregated accounts, keep clients fund separate from the company's finances, reducing the risk of misappropriation and enhancing overall account security and safeguarding clients' funds from being used for operational purposes.

Ultimately, the decision of whether or not to trade with Jade FOREX is a personal one. You should weigh the risks and benefits carefully before making a decision.

Market Instruments

Jade Forex provides traders with a diverse range of market instruments, catering to various investment interests and strategies. Their offerings include:

Forex: Enabling traders to participate in the largest and most liquid financial market, allowing them to trade currency pairs and capitalize on fluctuations in exchange rates. Jade FOREX offers 25 different currency pairs.

Precious metals: Offering opportunities to invest in valuable commodities like gold, silver, which serve as potential safe-haven assets and hedges against economic uncertainties.

Energy: Providing access to the energy market, allowing traders to trade commodities like crude oil, WTI natural gas, taking advantage of price movements driven by supply and demand dynamics.

With these market instruments, Jade Forex empowers traders to diversify their investment portfolios and seize opportunities in the dynamic global financial markets.

Accounts

Jade FOREX caters to different trading preferences by providing two distinct account types: the Standard Account (STP Account) and the Low Spread Account (ECN Account). Both account types require a minimum deposit of JPY 1000, making them accessible to a wide range of traders.

The Standard Account, also known as the STP Account, offers straightforward and efficient execution of trades, ensuring minimal delays and providing competitive spreads to enhance trading efficiency.

On the other hand, the Low Spread Account, also referred to as the ECN Account, is designed to offer even tighter spreads, making it an attractive choice for traders seeking cost-effective trading conditions.

Leverage

Jade Forex provides traders with flexible leverage options for their forex and precious metals trading endeavors. For forex trading, the broker offers leverage of up to 1:200, allowing traders to control positions that are up to 200 times their account balance. This higher leverage can amplify potential profits, but traders should be mindful of increased risk exposure.

On the other hand, for precious metals and energy trading, Jade Forex offers leverage of up to 1:100, which still allows traders to magnify their trading positions but to a slightly lesser extent compared to forex.

The varying leverage levels cater to the different risk appetites and trading strategies of traders in the forex and precious metals markets. It is essential for traders to carefully consider their risk tolerance and employ risk management techniques when utilizing leverage to ensure a well-balanced and responsible trading approach.

Spreads & Commissions

The Standard Account features spread starting from 0.8 pips without any additional commissions. The Low Spread Account (ECN Account) has a spread starting from 0.0 pips with a commission of $5 per lot.

Below is a comparison table about spreads and commissions charged by different brokers:

Please keep in mind that spread values can vary depending on market conditions, account type, and other factors. Commission structures may also differ based on the broker's pricing model and the type of account being used. It's important to review the official websites or contact the brokers directly for the most accurate and up-to-date information on spreads and commissions.

Trading Platforms

Jade FOREX provides the cTrader trading platform for both Windows and mobile devices, offering traders a versatile and convenient trading experience. The platform boasts highly customizable charting tools, empowering traders to tailor their charts according to their preferences and trading strategies.

Additionally, cTrader offers a wealth of extensive technical analysis tools, enabling traders to conduct in-depth market analysis and make informed trading decisions.

See the trading platform comparison table below:

Copy trading

Jade FOREX offers the innovative feature of copy trading. Copy trading allows traders to automatically replicate the trades of experienced and successful traders, essentially mirroring their trading strategies and decisions. This service is particularly beneficial for novice traders or those with limited time and expertise, as it allows them to participate in the financial markets without actively managing their trades.

By following the actions of skilled traders, clients can potentially benefit from their expertise and achieve similar trading outcomes. Copy trading not only enhances accessibility to the markets but also fosters a collaborative trading community where knowledge and experience can be shared among traders.

Deposits & Withdrawals

Jade FOREX offers a variety of convenient and efficient deposit methods for traders to fund their accounts. For traditional banking options, traders can utilize Bank Transfer in either USD or JPY currency. The minimum deposit amount for Bank Transfer is set at 1,000 USD or 100,000 JPY, and the processing time typically takes 1 to 3 business days from receipt.

Alternatively, for those interested in cryptocurrencies, Jade FOREX supports multiple digital assets, including BTC (Bitcoin), ETH (Ethereum), USDT (ERC20), USDC (ERC20), and XRP (Ripple).

With a minimum deposit equivalent to 50 USD, traders can deposit cryptocurrencies and enjoy instant approval for their transactions. And theres no transaction fees for deposit.

While for withdrawals, traders can withdraw funds via Bank Transfer in either USD or JPY currency, with a minimum withdrawal amount of 30 USD. Additionally, for those utilizing cryptocurrencies, Jade FOREX supports USDT (ERC20) withdrawals, also with a minimum withdrawal amount of 30 USDT.

However, it is important to note that a withdrawal fee will be applied, which will be the larger between “3,000 JPY (30 USD) equivalent” or “1.5% of the withdrawal amount.”

To initiate a withdrawal, traders are required to register their withdrawal information on the Client Portal and upload the necessary identification documents, including ID, proof of address, and a selfie.

Customer Service

Jade FOREX provides multiple customer service options to assist its clients. Customers can reach out to Enlighten through various channels to address their queries and concerns as below:

E-mail：support@jade-forex.com.

Head Office : Nobel Capital Group Limited of Room B11, First Floor, Providence Complex, Providence, Mahe, Seychelles.

Jade FOREX also provides a contact us form, allowing traders to easily reach out and communicate with the broker for any inquiries or assistance they may require.

Besides of above, Jade FOREX maintains Facebook page and traders can get in touch with them by adding LINE Friends via QR code.

Conclusion

According to available information, Jade FOREX is a non-regulated Seychelles-based brokerage firm. While the firm offers a range of market instruments such as Forex, precious metals and energy, it is important to consider certain factors such as lack of regulations that may raise concerns. It is critical that potential clients exercise caution, conduct thorough research and seek up-to-date information directly from Jade FOREX before making any investment decisions.

Frequently Asked Questions (FAQs)