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Regulatory Index0.00
Business Index5.90
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Software Index4.00
License Index0.00
No valid regulatory information, please be aware of the risk
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Company Name
Jas FX LTD
Company Abbreviation
JASFX
Platform registered country and region
Comoros
Company website
Company summary
Pyramid scheme complaint
Expose
IB floor supported me with a money-back mechanism, but I still haven't received the money after 1 month.
I invested a total of 100k USD, the floor offered the mechanism and conditions for going 70 times to get back 40% of my previous loss. When I completed all the conditions as agreed upon with the floor, the floor continued to ask me to take XPT and bonus shares as an excuse to withdraw money. Everyone who is planning to invest in jasfx should stop immediately. Please choose a reputable exchange to invest. The exchange will refund the amount for XPTUSD orders and bonus shares. It's been 3 months now and everything has been quiet. Is it possible that Jasfx is a scam?
MT5: 157052, JasFX will continue to trade on 11th November 2023. The stock price is expected to remain unchanged, which means it will continue to rise this year. To keep your account open, please visit our website at 22 emails support_vn@jasfx.com call our hotline at 11 1900 099 970 from 7/5/2024 to 5/6/2024 Please contact JasFX today this amount is $5,000. That way, you can earn money easily. Because you can't buy anything for a living, as long as you pay $10,000, you can still earn money. The new technology will also help to boost the company's business. This will help to boost the company's business. As JasFX also released a new version of the software, it will be available in Hong Kong soon.
I am an MT5 account holder: 164693 and a trading customer of JasFX. I invested in the platform based on the investment invitation from an advisor named NGUYỄN NHẬT QUANG. I deposited $3,900 and received assistance from the technical staff of the platform named TRỌNG TÍN (telegram) to buy stocks, receive dividends, and trade gold. However, when the stock price dropped after receiving dividends, I wanted to preserve my capital and cut my losing positions. I had a remaining capital of $3,732 and wanted to withdraw the money to resolve the issue and re-enter later. I informed the advisory and technical staff of the platform about this. When I received an email stating that the withdrawal request had been approved, I waited for 24 hours and 48 hours but did not receive the money. Even in the following week, I still did not receive the money. The advisory and technical staff did not answer my calls to the platform's hotline number 1900099970, and they told me to check. After that, the platform's technical staff instructed me to enter the COTTON.std order, and my account was burned with no money left, so I couldn't withdraw any money. The platform's staff is doing business in a careless manner. I am writing this article to warn everyone. Thank you.
Up to now, it's been more than a month since the exchange's IB still hasn't resolved it and hasn't given me any feedback. Everyone, please be careful not to lose money like me.
My MT5 account is: 980541, I invested at Jasfx from the beginning of February 2023, until December 2023, the exchange gave the mechanism to my account with the condition that when I comply with the conditions on the exchange. The exchange forced me to use the code XPTUSD, and said the exchange would compensate investors for that loss. I have used every means to contact the exchange's hotline number, sending gmail to Jasfx's registered agent at ST. Vincent . But the exchange still hasn't heard back. It's been 4 months now. Is Jasfx scamming investors? I hope the exchange will let someone in to resolve my case.
I started investing in Jasfx on November 1, 2023, on the recommendation of a friend who was doing well. I decided to invest about five hundred thousand US dollars because they brought me high profits. I followed the Expert Advisor in all my trading and automated trading. And then, I lost almost all my money and when I requested a withdrawal, the support team didn't respond to my messages and the advisor disappeared. Today I lost everything and I only have about $1400 left. I have filed many complaints and there is no support team. But today I received a message from Jasfx headquarters sending a statement about what happened to the investment accounts. This is frustrating and detrimental to me, I just hope they keep their word to resolve this issue. I look forward to your help Jasfx…!!!
I am the owner of account ID: 980541 - My account balance is 28,500 USD, and the floor requires me to deposit money and make enough bets, I will get a refund of part of the lost capital of 17k, when I make enough money. As for the number of lots, the floor asked me to buy 2 lots of XPTUSD, and guaranteed to refund the order of 2 lots of XPTUSD. - After cutting negative 13k for the XPTUSD order, the person at the floor called and informed me that I had to buy 1500 WIG10 bonus shares to legalize the 13k refunded to my account. I did not agree because I had already traded enough shares according to the order. as agreed. - The floor mechanism tells the person that I just go and negative how many floor compensation. As a result, my account was kicked out because the bonus shares had a high margin. It's been nearly 3 months now and I have not received the money back as promised by the floor. Currently, I have been informed that the person who supported my mechanism has quit his job. - There is no one to assist in resolving your application. Called but no one answered the phone to resolve the problem. - I want to know if it is really a mechanism on the floor or a trick of the floor IB to trick investors into taking profits from product codes with high spreads. - No matter what job you do, you have to be sincere, not cheat other people's money to benefit yourself. Everyone needs to post to the community to be alert.
For 28 days, I still have not received a refund for my XPT order as reported by the exchange. Everyone who is trading on Jasfx and is losing money, are you following the mechanism? Absolutely do not trade the XPTUSD code or your account will burn again.
I invested in the JASFX platform and followed the advisor's instructions. Buying and selling on XPTUSD and XAUUSD, it went well at first but then I lost over 80,000 USD. When I asked the advisor for a refund, he told me to be patient and make an additional deposit, but I refused. The advisor stopped responding to me and so did the support team. After 2 months without any solution, JASFX general manager sent a statement announcing that JASFX Vietnam branch had deceived investors! I hope that JASFX can provide a timely solution to all investors who have been deceived. I have recommended this platform to many friends and now I am in trouble. Please help me!!! -Hn
I know the platform through an advertisement on Facebook. It seemed interesting and I invested some savings, we followed the buy and sell orders of the vietnam advisor. I lost all my money in less than a month and they only asked me to make a deposit to recover my losses. The support team stopped reply and I received an email from JasFX head office. They offered a solution through insurance and I didn't feel sure about that…. After seeing positive results, I borrowed money to raise the 18,500 usdt and paid the insurance. They said I would receive my money in less than 24 hours and it has been two days and my withdrawal has not arrived!!! asked support and they said to wait about 6 hours. I’m afraid that I have been cheated again, please help me. I just want my money back, it's my life savings....
I am the account holder of MT5 account 157052, a customer of the JasFX since November 2023. I regret having to publicly complain that the JasFX has failed to process my withdrawal request, despite my numerous attempts to follow up on this matter.Specifically, I have sent 22 emails to the email support_vn@jasfx.com and contacted the hotline 1900 099 970 on 11 times from May 7, 2024 to June 5, 2024, requesting that JasFX process my withdrawal of $5,000. However, the JasFX has yet to fulfill this request.Despite my continuous reminders and emphasis on the urgency of this issue, the JasFX has only responded by "acknowledging the problem" and stating they will "investigate the informationand respond as soon as possible", without providing any specific reasons for the delay. I feel the JasFX is intentionally delaying and ignoring my request in order to misappropriate investor assets.The JasFX's failure to process my withdrawal has caused me significant harm. I have had to bearlosses from being unable to continue trading, and I have also faced difficulties in my daily expenses.This delay or refusal to process withdrawal orders not only violates the JasFX's commitments toinvestors, but also erodes the trust of the community in the financial market. I urge everyone who has, is, or plans to trade on the JasFX to be vigilant and carefully consider their decision.I have decided to publicly post this complaint on various online platforms to warn the community about JasFX's failure to process customer withdrawal requests. I hope this post will help other investors avoid similar troubles.Please share this post to alert as many investors as possible about the risks involved. We need to stand up and demand that JasFX immediately cease this unacceptable behavior
Jasfx's technical staff began to use tricks to continue luring customers to deposit money. In the previous message, including the recording, the technical staff of jasfx announced that they would compensate for the negative order loss with 1 lot of XPT. The money had not yet returned but they had to reload it and asked for another mechanism. It's no different than a scam. Everyone be careful.
I met Mr. Minh in November and he introduced me to investments with broker JASFX. When things were going well, I decided to invest $200k. I followed Mr. Minh's trading orders, and had some profit but then lost more than 100k dollars. When I asked him for help, he told me to deposit a little more and we would get everything back soon. I continued to follow advisor Minh's orders and continuously lost money. So I requested to withdraw money but Mr. Minh did not respond. 5 days ago, I received a message from JASFX headquarters telling me that their branch in Vietnam has no authorization and to be very careful. Advisor Minh lied to me all this time just to make me lose money!!
My Jasfx account ID is: 992601 Offering a mechanism to reload money to the full number of lots to refund 70% of capital to losing investors. After completing the full number of lots, continue to require investors to place orders with spreads. Specifically, the big one is XPTUSD. I do not agree because the initial conditions were not in the agreement between the floor and the investor. But the person on the floor called to say that the XPTUSD order would be completely backed up by the floor. It's been 3 weeks now and I haven't received my money back and I keep hearing the answer that I'm waiting for the exchange's mechanism to send it back. And currently unable to contact support. So is this a scam to lure high spreads to receive commissions from IBs of the exchange? Those who intend to invest in Jasfx should also be careful about this issue.
I have a trading account at jasfx. ID number: 992601 capital 16000usd - In August 2023, I received support from a friend named Hoang Dang to trade goods and stocks. - On January 12, 2024, I was informed by Hoang Dang that the floor's price-bearing bonus had a limited time limit, so I asked to deposit more money to extend it, but because I couldn't get enough money to deposit into my account, the floor revoked the bonus. and resulted in the account being burned. - After my account was burned, Hoang Dang contacted me and said: that Jasfx floor gave me a mechanism to refund 70% of the deposited capital with the condition of trading 50 lots of forex and commodities and depositing 5000usd. - On March 11, 2024, I deposited 4200 USD + 800 USD (previously I deposited to keep the mechanism) for a total of 5000 USD. - During the time of supporting me to refund my capital, Mr. Hoang Dang due to personal matters handed over his records to Mr. Thanh Huyen. On March 12, 2024, Mr. Thanh Huyen supported me with 20 lots, these 20 lots got one My friend named Quan called to confirm. On the same afternoon, Thanh Huyen called and asked me to buy 1 lot of XPTUSD (you said this was a mandatory condition set by the exchange while Hoang Dang and Thanh Huyen initially did not mention the mandatory condition to buy XPTUSD). ). - At first, I didn't follow it because I read a lot of denunciation articles on the trader community group, specifically that if I bought 1 lot, my account would be negative by 6000 USD. I told Thanh Huyen that I didn't want to take this order, but Thanh Huyen said. Huyen insisted that I follow and said this was the floor's request. Thanh Huyen guarantees to refund the negative amount of the XPTUSD buy order. Because I trusted the floor and the supporter, I followed the signal. - At this point, it has been 2 weeks. I have not received back the negative amount of the XPTUSD buy order and have not received any notification from Thanh Huyen and Jasfx.
Online trading is dangerous, and you could potentially lose all of your investment funds. Not all investors and traders are suitable for it. Please understand that the information on this website is designed to serve as general guidance, and that you should be aware of the risks.
JASFX Review Summary | |
Founded | 2010 |
Registered Country/Region | Saint Vincent and the Grenadines |
Regulation | Unregulated |
Market Instruments | Commodities, Indices, Metals, Forex, and CFD |
Demo Account | Available |
Leverage | Max 1:500 |
EUR/USD Spread | from 1.4 pips (Std) |
Trading Platforms | MT5, Web Trader |
Minimum Deposit | $500 |
Customer Support | 24/7 Live Chat SupportEmail: Support@jasfx.comSocial media: Facebook, Twitter, and InstagramRegistered Address: Suite 305, Griffith Corporate Centre, Beachmont Kingstown, P.O. Box 1510, St. Vincent and the Grenadines. |
JASFX is a brokerage firm registered in St. Vincent and the Grenadines that offers a range of trading instruments across various asset classes, including Forex, Commodities, Stocks, CFD, Metals, Indices, and Cryptos through the MetaTrader5 and Web Trader trading platforms. However, it currently has no valid regulation.
We will examine this broker's attributes from a variety of angles in the following post, giving you clear and organized information. Please continue reading if you're curious. To help you quickly comprehend the broker's qualities, we will also provide a concise conclusion at the end of the piece.
Pros | Cons |
• Diverse trading instruments | • No regulation |
• MT5 trading platform | • Reports of severe losses and failed withdrawals |
• Social Media available | • Regional restrictions |
• Demo account available | • High minimum deposit (500 USD) |
• Accepts numerous means of payment | |
• 24/7 Live Chat Support |
There are many alternative brokers to JASFX depending on the specific needs and preferences of the trader. Some popular options include:
• Pepperstone - Offers a wide range of trading products, including forex, CFDs on stocks, indices, commodities, and cryptocurrencies. Pepperstone is known for its competitive spreads, good execution, and reliable platforms. The company's trading platforms are MT4, MT5, TradingView, and cTrader, which all are popular and well-respected platforms.
• IG - The company was founded in 1974 in London, U.K. is the world's first broker to built the concept of financial spread betting that introduced online dealing as early as 1998. IG claims that it offers a wide range of tradable financial instruments for global investors, over 18,000 instruments, including Forex, indices, CFDs on stocks, digital cryptocurrencies, and options trading for investors to choose from.
• Admiral Markets - The company is a global online trading provider offering trading services in various financial instruments, including forex, stocks, commodities, and indices. The company offers a range of trading platforms, account types, and educational resources to its clients.
JASFX does not have valid regulation and has faced allegations of clients being unable to withdraw their funds. The claim that client money is held separately from the company's own funds is a standard practice in the financial industry to protect clients, but without proper regulation, there is no guarantee of compliance.
The lack of regulation and reports of withdrawal issues raise significant red flags and indicate potential risks. It is crucial for traders to exercise extreme caution when dealing with unregulated brokers, as they may not provide the necessary safeguards and protections for client funds.
At this point, it would be prudent to consider JASFX as a higher-risk option and possibly a potential scam. It is essential to prioritize the safety of your funds and consider choosing a regulated and reputable broker with a track record of reliable services and positive customer feedback. Always do thorough research, read user reviews, and seek advice from experienced traders or financial experts before making any decisions.
JASFX offers a wide range of market instruments, including Commodities, Indices, Metals, Forex, and CFD.
• Commodities are raw materials that are used in the production of goods and services. They include agricultural products such as wheat, corn, and soybeans; energy products such as oil, gas, and coal; and metals such as gold, silver, and copper.
• Indices are baskets of stocks that track a particular market or sector.
• Metals are elements that are solid at room temperature and have a high melting point. They are spot or futures trading.
• Forex (foreign exchange) is the market for exchanging one currency for another.
• CFD, or contracts for difference, are a type of derivative that allows traders to speculate on the future price movements of an underlying asset without actually owning the asset. CFDs are traded on a margin, which means that traders only need to deposit a small amount of capital to control a large position. This can make CFDs a very attractive product for traders with limited capital.
There are three trading accounts offered by JASFX, namely Standard, VIP I, and VIP II.
The best trading account for you will depend on your individual needs and preferences. If you are a beginner, then the Standard account may be a good option. If you are experienced and want to have more flexibility, then the VIP II account may be a better choice.
JASFX offers maximum leverage of up to 1:500, which means that you can control a position worth 500 times your initial deposit. For example, if you deposit $100, you could control a position worth $50,000.
Leverage can magnify your profits, but it can also magnify your losses. If the market moves against you, you could lose more money than you deposited.
Spreads are affected by what type of accounts you are holding. The minimum spread in the Standard account is floating from 1.4 pips, and no commission is charged. The VIP I account offers spreads floating from 0.6 pips, and a commission of $10 per lot. The VIP II account offers spreads floating start from 0.1 pips, and a commission of $6 per lot.
Please note that these are just the minimum spreads and commissions. The actual spreads and commissions may vary depending on the market conditions.
Below is a comparison table about spreads and commissions charged by different brokers:
Broker | EUR/USD Spread (pips) | Commissions (per lot) |
JASFX | 1.4 (Std) | No commissions (Std) |
Pepperstone | 0.6 | No commissions |
IG | 0.6 | N/A |
Admiral Markets | From 0.6 | No commissions |
Platforms available for trading at JASFX are MT5 for Mobile and Desktop, and Web Trader.
• The MetaTrader 5 (MT5) platform is the most popular trading platform in the world. They are used by millions of traders to trade a wide range of financial instruments, including forex, CFDs, and stocks.
• Web Trader is a web-based trading platform that allows you to trade from any device with an internet connection. It is a simplified version of the MT5 platform, but it still offers several useful features.
Both of these platforms are available to JASFX clients. The best platform for you will depend on your individual trading needs and preferences. If you are a serious trader who wants access to a wide range of features, then MT5 Trading Platform is a good choice. If you are looking for a more simplified platform that you can access from anywhere, then Web Trader is a good option.
See the trading platform comparison table below:
Broker | Trading Platforms |
JASFX | MT5, Web Trader |
Pepperstone | TradingView, MT4/5, cTrader |
IG | MT4, IG Proprietary |
Admiral Markets | MT4/5, Web trader |
JASFX says to accept deposits and withdrawals via Local Bank Transfer (Instant), Credit Card (Instant), Wire (5 Days), and Crypto: USDT, BTC (Instant). The company accepts the following currencies: USD, EUR, GBP, THB, IDR, VND. The minimum deposit amount open an account is as high as $500, while there is no mention of what the minimum withdrawal amount is.
JASFX | Most other | |
Minimum Deposit | $500 | $100 |
Some of you may see reports of severe losses or failure to withdraw on our website. The business received several reports of this nature, however, some of them appear to have been resolved. We urge traders to carefully examine the dangers of trading on unregulated platforms and review the readily available information. Before trading, you can study the facts about our platform. Please let us know in the “Exposure” area if you come across any such dishonest brokers or if you have yourself been a victim. We would appreciate that, and our team of professionals will make every effort to help you fix the issue.
JASFX offers a comprehensive customer support service, including email, and social media. Traders can also access a customized VIP customer service program, which includes dedicated account managers and priority support.
Customers can get in touch with their customer service line using the information provided below:
24/7 Live Chat Support
Email: Support@jasfx.com
Social media: Facebook, Twitter, and Instagram
Registered Address: Suite 305, Griffith Corporate Centre, Beachmont Kingstown, P.O. Box 1510, St. Vincent and the Grenadines.
In conclusion, JASFX is a brokerage firm that provides access to a wide range of trading instruments and offers MT5, Web Trader platform to cater to different trading preferences. However, the company currently has no valid regulations. It's important to note that there have been reports of severe losses and failed withdrawals. Traders should exercise caution and conduct thorough research when considering JASFX or any other brokerage firm, taking into account factors such as reputation, client feedback, and regulatory compliance. Making an informed decision requires a comprehensive evaluation of all relevant factors beyond the information provided here.
Q1: | What types of trading instruments are available at JASFX? |
A1: | JASFX offers a variety of trading instruments, including Commodities, Indices, Metals, Forex, and CFD. |
Q2: | Is JASFX a regulated brokerage firm? |
A2: | No regulation. |
Q3: | What trading platforms does JASFX provide? |
A3: | JASFX offers MT5 for Mobile and Desktop, and Web Trader. |
Q4: | At JASFX, are there any regional restrictions for traders? |
A4: | Yes. JASFX currently only accepts clients from Europe, Africa, LATAM, and Asia & Pacific. The company does not provide services to residents of the North Americas region, Arab states, CIS countries, Afghanistan, Cuba, North Korea, Japan, Thailand, and other restricted countries. |
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