Jumpyle FX Spreads, leverage, minimum deposit Revealed

WikiFX | 2024-11-28 16:31

Abstract：Jumpyle FX was founded in 2023 in China. It uses MT4 as its trading platform, and offers trading services related to the forex, commodity, and indice markets. Besides, it provides 2 types of accounts, with a minimum deposit of $200 and a maximum leverage of 500:1. However, this company holds 2 suspicious clone licenses, and it does not provide channels for customer support.

　　Note: Jumpyle FX's official website - https://www.jumpyle.cc is currently inaccessible normally.

Jumpyle FXReview Summary
Founded	2023
Registered Country/Region	China
Regulation	ASIC/VFSC (Suspicious clone)
Market Instruments	Forex, commodities, indices
Demo Account	✅
Leverage	Up to 500:1
Spread	From 1 pip (Standard)
Spread	From 0 pips (ECN)
Trading Platform	MT4
Min Deposit	$200
Customer Support	/

　　Jumpyle FX was founded in 2023 in China. It uses MT4 as its trading platform, and offers trading services related to the forex, commodity, and indice markets. Besides, it provides 2 types of accounts, with a minimum deposit of $200 and a maximum leverage of 500:1. However, this company holds 2 suspicious clone licenses, and it does not provide channels for customer support.

Pros and Cons

Pros	Cons
Demo accounts	Inaccessible website
MT4 supported	Suspicious clone licenses
Popular payment options	High minimum deposit
	No channel for customer support

Is Jumpyle FX Legit?

　　No, Jumpyle FX currently has no valid regulations. It only holds 2 suspicious clone licenses.

Regulatory Authority	Australia Securities & Investment Commission (ASIC)
Regulatory Status	Suspicious clone
Regulated by	Australia
Licensed Institution	DLS MARKETS (AUST) PTY LTD
Licensed Type	Financial Service
Licensed Number	296805

Regulatory Authority	Vanuatu Financial Services Commission (VFSC)
Regulatory Status	Suspicious clone
Regulated by	Vanuatu
Licensed Institution	DLS Markets Limited
Licensed Type	Retail Forex License
Licensed Number	700455

What Can I Trade on Jumpyle FX?

　　Jumpyle FX provides several types of products, including forex, commodities, and indices.

Tradable Instruments	Supported
Forex	✔
Commodities	✔
Indices	✔
Stocks	❌
Cryptos	❌
Bonds	❌
Options	❌
ETFs	❌

Account Type

　　Jumpyle FX offers 2 types of accounts: Standard Account and ECN Account, with a minimum deposit requirement of $200. Besides, demo accounts are also available.

Leverage

　　The maximum leverage for both account types is 500:1. Careful considerations are recommended, because high leverage is likely to bring high potential risks.

Jumpyle Fees

Account Type	Spread	Commission
Standard Account	From 1 pip	❌
ECN Account	From 0 pips	$6 per round trade

Trading Platform

Trading Platform	Supported	Available Devices	Suitable for
MT4	✔	Web, desktop, mobile	Beginners
MT5	❌	/	Experienced traders

Deposit and Withdrawal

　　Jumpyle FX supports different types of payment options, including MasterCard, VISA, Neteller, Skrill, and bank transfers. However, other details such as the processing time and fees are not clear.