Jones Mutual Spreads, leverage, minimum deposit Revealed

WikiFX | 2025-01-09 17:41

Abstract：Janes Mutual is a CFD broker, owned and operated by Greenriver OU, with its registered office in Tallinn, Eisenia. Janes Mutual is not currently regulated in any way, and potential risks cannot be ignored.

　　Note: Jones Mutual's official website - https://www.jonesmutual.com/#/ is currently inaccessible normally.

Jones Mutual Review Summary
Founded	/
Registered Country/Region	Estonia
Regulation	No regulation
Market Instruments	Currency pairs, stocks, indices, precious metals, commodities
Demo Account	✅
Leverage	Up to 1:100
EUR/USD Spread	Floating around 3 pips
Trading Platform	WebTrader
Min Deposit	/
Customer Support	Tel: +44 -131 608 0640
Customer Support	Email: support@jonesmutual.com

　　Janes Mutual is a CFD broker, owned and operated by Greenriver OU, with its registered office in Tallinn, Eisenia. Janes Mutual is not currently regulated in any way, and potential risks cannot be ignored.

Pros and Cons

Pros	Cons
Diverse tradable assets	Inaccessible website
Demo accounts	Lack of regulation
Popular payment methods	Wide EUR/USD spread
	No MT4 or MT5
	Withdrawal fee charged

Is Jones Mutual Legit?

　　No, Jones Mutual is not regulated by the financial services regulatory authority in Estonia, which means that the company lacks regulation from its registration site. Besides, it was disclosed by The Financial Supervision Authority to be unauthorized. Please note the potential risks!

What Can I Trade on Jones Mutual?

　　Jones Mutual provides different types of products, including currency pairs, stocks, indices, precious metals, and commodities.

Tradable Instruments	Supported
Currency Pairs	✔
Stocks	✔
Indices	✔
Precious Metals	✔
Commodities	✔
Cryptocurrencies	❌
Bonds	❌
Options	❌
ETFs	❌

Leverage

　　The leverage can be up to 1:100. Traders need to consider carefully, because high leverage is likely to bring high potential risks.

Spread

　　The EUR/USD spread in Janes Mutual demo account is 3 pips, which is twice the industry average, which means higher trading costs for investors.

Trading Platform

　　Jones Mutual uses a web-based trading platform, and it does not support MT4 or MT5.

Trading Platform	Supported	Available Devices	Suitable for
WebTrader	✔	PC, web	/
MT4	❌	/	Beginners
MT5	❌	/	Experienced traders

Deposit and Withdrawal

　　Jones Mutual accepts several types of payment options, including VISA, MasterCard, and bank wire. Besides, it charges certain amounts of fees.

Payment Option	Withdrawal Fee	Note
VISA/MasterCard	3.5%	$20 fees are charged if withdrawals are below $100
Bank wire	$20	$20 fees are charged if withdrawals are below $100