Jrjway Spreads, leverage, minimum deposit Revealed

WikiFX | 2024-10-16 18:55

Abstract：Jrjway, also known as " 金荣中国金融业有限公司" , operates as a Hong Kong-based company offering trading services in Spot Gold and Spot Silver. While it claims to be regulated by the China Hong Kong CGSE with License No. 084, there are doubts regarding its regulatory legitimacy. Jrjway provides different account types, including Standard and VIP Accounts (Levels 0 to 8), each with specific entry requirements and benefits. The company offers a trading app called "金荣APP" and the MetaTrader 4 (MT4) platform for traders. However, it's worth noting that there is a notable complaint about difficulties with fund withdrawals and concerns about the credibility of the institution's regulatory status.

JrjwayReview Summary
Founded	2022
Registered Country/Region	Hong Kong
Regulation	Suspicious clone
Market Instruments	Spot Gold, Silver
Demo Account	/
Leverage	/
Spread	$24 per lot discount
Trading Platform	Jin Rong APP, MT4
Min Deposit	$70
Customer Support	Phone: （+852）2385 0868
	Email: cs@jrir.com
	21/F,Full Floor, Phase 2. Lee Garden Two. 8Yan King Road, Tsuen Wan, New Territories, Hong Kong

Jrjway Information

　　Jrjway, founded in 2022, is a brokerage registered in Hong Kong. It currently offers spot gold and silver trading for traders, plus 2 other accounts and 2 trading platforms. It is currently in an abnormal state of supervision - suspected cloning, security is lacking.

Pros and Cons

Pros	Cons
No opening price	Suspicious clone
Zero commission
MT4 supported

Is Jrjway Legit?

Regulatory Status	Suspicious clone
Regulated by	Hong Kong
Licensed Institution	金荣中国金融业有限公司
Licensed Type	Type AA License
Licensed Number	084

What Can I Trade on Jrjway?

　　Jrjway mainly offers spot gold and silver trading.

Tradable Instruments	Supported
Spot Gold	✔
Silver	✔
Forex	❌
Commodities	❌
Indices	❌
Stocks	❌
Bonds	❌
ETF	❌

Account Types

　　Jrjway offers two types of accounts: Standard Account and VIP (0-8) High-End Account. Of the two accounts, the minimum deposit is $70 and the maximum is $40,000. It's a big span.

　　In contrast, the VIP (0-8) High-End Account has more benefits than the Standard Account, which are reflected in bonuses and different rights. Among them, the most obvious is the Spread Rebate, VIP (0-8) High End Account of $24 per lot, Standard Account of $22 per lot.

Account Types	Standard Account	VIP (0-8) High-End Account
Minimum Deposit	$70	VIP 0: Single deposit of $20,000 or 1,000 lots VIP(1-8): Accumulated deposit starting from $40,000, 2,000 lots
Spread Rebate	$22 per lot	$24 per lot
Trade Lot Size per Transaction	0.05 to 20 lots	0.05 to 50 lots
Dedicated Customer Service	×	✓
Priority Funding and Withdrawal	×	Withdrawal can be processed within 30 minutes
Trading Training	×	✓
Birthday Bonus	✓	✓
Upgrade Bonus	×	Available for VIP1 and above
Monthly Red Packet	×	Available for VIP2 and above
Additional Rebates	×	Available for VIP3 and above
Access to capital injection	×	Available for VIP3 and above
Special Offers	×	Available for VIP6 and above

Jrjway Fees

　　Jrjway emphasizes that for traders, there is no opening price, zero commission and spread discount. It offers a spread of $50 per contract for London Gold and $200 per contract for London Silver.

　　In addition, open a standard account and enjoy a $22 spread discount, while VIP accounts enjoy an even lower spread discount of only $24 per contract.

Trading Platform

Trading Platform	Supported	Available Devices	Suitable for
Jin Rong APP	✔	Mobile	Beginner
MT4	✔	Desktop, Mobile	Beginner
MT5	❌

Deposit and Withdrawal

　　JRJway facilitates fund deposits and managementthrough their“JRJway Wallet”system. The initial deposit for 1 lot of London Gold is $1.000. And for 1 lot of London Silver, it's $650.