JKE

General Information

JKE International Limited, a brokerage service provider registered in the United Kingdom, offers various financial instruments, including forex pairs, indices, precious metals, and CFDs. Despite claiming to be regulated by the United States NFA, it is listed as unauthorized, lacking valid regulation and exceeding the business scope regulated by the NFA. This regulatory status raises questions about JKE's legitimacy and poses potential risks. The broker provides a range of market instruments, allowing traders to engage in forex trading, take positions on indices, and speculate on precious metal prices. They offer a leverage of up to 1:200, which enables traders to control larger positions with a smaller amount of capital. A micro trade size option is available, appealing to beginners or those who prefer smaller trade volumes. The use of the popular MT4 trading platform enhances the trading experience, providing advanced charting capabilities, customizable indicators, and the ability to automate trading strategies. However, JKE lacks transparency in providing specific details about spreads, demo accounts, and Islamic accounts. Negative reviews highlight difficulties with fund withdrawals and delays in the process, raising concerns about the broker's reliability. It is essential for potential investors to carefully consider the advantages and disadvantages before making a decision regarding trading with JKE.

Pros and Cons

JKE International Limited presents a mixed bag of pros and cons for potential investors. On the positive side, JKE offers a range of market instruments including forex pairs, indices, precious metals, and CFDs, providing traders with diverse trading opportunities. The availability of the popular MT4 trading platform enhances the trading experience, offering advanced features and tools for analysis and execution. The moderate leverage of up to 1:200 allows for increased trading potential with smaller capital. Additionally, the micro trade size option caters to beginners or those who prefer smaller trade volumes. However, there are significant drawbacks to consider. JKE lacks valid regulation, and its unauthorized status raises concerns about reliability and investor protection. Negative reviews indicate difficulties with fund withdrawals and delays in the process. Specific details about spreads, demo accounts, and Islamic accounts are not provided, which may limit transparency and accessibility for certain traders. Overall, potential investors should carefully weigh these pros and cons before deciding to engage with JKE.

Pros and Cons of JKE:

Is JKE Legit？

Based on the information provided, it appears that JKE International Limited, despite claiming to be regulated by the United States NFA (National Futures Association) with license number 0542020, is actually listed as unauthorized and does not have a valid regulation. The regulatory status is abnormal, and the broker exceeds the business scope regulated by the NFA.

The warning indicates that JKE International Limited has a low score and advises staying away due to the associated risks. It is important to exercise caution and consider the potential risks when dealing with an unauthorized and unregulated broker.

Market Instruments

Trading assets available on the JKE platform include currency pairs, indices and precious metals as well as CFD products.

1. Currency Pairs: Traders can engage in forex trading with various currency pairs, allowing them to speculate on the exchange rate fluctuations between different currencies.

2. Indices: JKE provides access to trading indices, which are composed of a basket of stocks representing a particular market or sector. Traders can take positions on the price movements of these indices.

3. Precious Metals: JKE offers trading opportunities in precious metals such as gold, silver, platinum, and palladium. Traders can take advantage of price movements in these valuable commodities.

4. CFD Products: JKE also provides access to trading Contract for Difference (CFD) products. CFDs allow traders to speculate on the price movements of various underlying assets without owning the actual asset. This includes indices, commodities, and other financial instruments.

Minimum Deposit

in terms of the minimum initial deposit requirement, JKE offers all investors a Standard account which need 500 US dollars to activate.

Micro Trade Size

The micro trade size offered by JKE International Limited is 0.01 standard lot. This indicates that traders using JKE's services have the option to trade with a smaller volume, which can be beneficial for beginners or those who prefer to start with lower trade sizes.

Leverage

JKE offers a trading leverage of up to 1:200. Leverage allows traders to control larger positions in the market with a smaller amount of capital. With a leverage of 1:200, traders can potentially multiply their trading positions by 200 times their invested capital.

A leverage of 1:200 is considered moderate or conservative compared to some brokers who may offer higher leverage ratios. Higher leverage can amplify both potential profits and losses, so it is essential for traders to understand the risks involved and use leverage responsibly.

Spreads & Commissions

According to the information provided, JKE International Limited advertises discounted spreads but does not provide specific details regarding the spreads on particular instruments. It is advisable to contact JKE directly or refer to their official website for more detailed information on the spreads they offer for different financial instruments.

Regarding commissions, JKE states that they do not charge any commissions for forex exchange transactions. This means that when trading forex pairs on their platform, clients will not incur additional fees in the form of commissions. However, it's important to note that other fees or costs may still apply, such as spreads or overnight financing charges.

Trading Platform Available

JKE offers traders the MT4 (MetaTrader 4) trading platform, which is renowned as one of the most popular and widely used online forex trading terminals worldwide. MT4 provides a comprehensive set of features and tools for traders to analyze markets, execute trades, and manage their accounts. It offers a user-friendly interface, advanced charting capabilities, customizable indicators, and the ability to automate trading strategies through expert advisors (EAs). With the MT4 platform, traders can access real-time market data, place trades, set stop-loss and take-profit levels, and monitor their positions and account balances. Overall, the MT4 trading platform provided by JKE offers traders a robust and efficient platform to engage in forex trading activities.

Deposit & Withdrawal

JKE does not disclose payment methods it works with. Many other brokers allow its traders to fund their accounts through VISA, MasterCard Credit/Debit Card, Wire Transfer as well as Skrill and Neteller.

Customer Support

JKE offers 5x24 customer support ( Sunday-Saturday), and they can be reached through email: service@jkefx.com.

Restricted Regions

JKE is not aimed at residents of British Columbia, Quebec, and Saskatchewan, Canada,Democratic Peoples Republic of Korea (North Korea), Iran, and the United States.

1. British Columbia, Quebec, and Saskatchewan, Canada: JKE does not target residents of these Canadian provinces.

2. Democratic People's Republic of Korea (North Korea): JKE does not provide its services to residents of North Korea.

3. Iran: JKE does not aim its services at residents of Iran.

4. United States: JKE is not intended for residents of the United States.

Negative Reviews

Based on the provided reviews, it seems that there are negative experiences reported by some users regarding JKE. Here are the key points from the reviews:

1. Difficulty Withdrawing Funds: One user mentioned that they were unable to withdraw their funds. They claimed that they were asked to pay an additional $2000 to withdraw $7000, and after that, they were unable to contact JKE.

2. Delayed Withdrawal Process: Another user reported a delay in the withdrawal process. They stated that JKE had promised to deposit the funds within 24 hours, but even after four days, they had not received their withdrawal.

Conclusion

In conclusion, JKE International Limited, an online forex broker registered in the United Kingdom, presents certain disadvantages and advantages. On the downside, JKE lacks valid regulation and is listed as unauthorized, posing potential risks for investors. Negative reviews have highlighted difficulties in fund withdrawals and delays in the process. However, JKE offers a range of tradable assets, including currency pairs, indices, precious metals, and CFDs. They provide a moderate leverage of up to 1:200 and a micro trade size option, suitable for beginners. The MT4 trading platform, renowned for its features and tools, is available to traders. While JKE offers discounted spreads, specific details are not provided, and the absence of information on demo and Islamic accounts raises concerns. Customer support is accessible 24/5 through email. Overall, potential investors should carefully weigh the advantages and disadvantages before considering JKE as their broker choice.

FAQs

Q: Is JKE International Limited regulated？

A: No, JKE International Limited does not have valid regulation and is listed as unauthorized.

Q: What is the minimum deposit requirement for JKE？

A: The minimum initial deposit for a Standard account with JKE is $500 USD.

Q: What is the maximum leverage offered by JKE？

A: JKE offers a maximum leverage of up to 1:200.

Q: What trading platforms does JKE provide？

A: JKE offers the MT4 (MetaTrader 4) trading platform.

Q: What are the tradable assets on JKE's platform？

A: JKE provides trading opportunities in forex pairs, indices, precious metals, and CFDs.

Q: Does JKE offer a demo account？

A: Information about a demo account is not provided.

Q: Does JKE offer an Islamic account？

A: Information about an Islamic account is not provided.

Q: What are the available customer support options？

A: JKE offers 24/5 customer support through email.

Q: Are there any restricted regions for JKE's services？

A: Yes, JKE does not provide services to residents of British Columbia, Quebec, and Saskatchewan (Canada), Democratic People's Republic of Korea (North Korea), Iran, and the United States.

Q: Are there any negative reviews about JKE？

A: Yes, some users reported difficulty withdrawing funds and a delayed withdrawal process.