BROKERJET-Some Detailed Information about This Broker

General Information

BROKERJET is a forex broker company in Cambodia that provides traders with access to one or more platforms that will allow them to buy and sell foreign currencies. Retail currency traders in turn use these broker companies to gain access to the 24-hour currency market for speculation purposes. BROKERJET is operated by Broker Jet Co. LTD. The Brokerjet.Asia domain, which is operated by Broker Jet Co. LTD., is licensed by the Securities and Exchange Commission of Cambodia (SECC) with Derivative Instrument Number 013. BROKERJET offers customer support service in multiple languages to traders which should be a comforting thought to many of them that may have had issues with clear communication with a broker in their past.

Regulation

BROKERJET was regulated by the securities and Exchange Commission of Cambodia (SECC) with regulatory license number of 013.

Business Scale

The company offers a wide range and a number of financial products, mainly divided into leveraged instruments and investment products. Leveraged products include CFD products, Futures, Commodities, and listed options, while investment products include stocks, bonds, ETFs, mutual funds, and managed portfolios.

Account Types

BROKERJET offer different accounts to suit your needs. All account types provide access to their complete range of financial products and all trading platforms. BROKERJET has three account namely:

· The Standard Account

· The premium Account

· The Islamic Account

Deposit & Withdrawal

The BROKERJET website does not clearly indicate what the initial deposit requirements are to open the different accounts. It seems however that an account – probably the Standard Account – can be opened with a minimum amount of 100 US$, EUR, or GBP.

BROKERJET states that payment methods such as Credit or Debit cards (which include Visa and MasterCard) and Wire Transfers will be accepted to fund accounts. Depending on the deposit method used, it may take varying times for funds to appear in an account. Regular money transfers normally take approximately three to six business days for approval.

BROKERJET only transfers funds to a bank account or a credit card that bears the same name which was used for an initial deposit into the traders account.

BROKERJET says that withdrawals via wire transfer are forwarded to the companys bank on the day of approval and are usually sent out on the same day too but asks customers to allow up to 7 business days for the funds to reach their bank accounts.

Leverage

The amount of leverage is expressed as a ratio, for instance, 50:1, 100:1, or 500:1. Assuming that a trader has $1 000 in a trading account and is trading ticket sizes of 100 000 USD/JPY, that leverage will equate to 100:1.

BROKERJET allows its traders to use a maximum leverage ratio of up to 1:200.

Trading Platform

BROKERJET offers the following trading platforms:

MetaTrader 4

The MT4 interface is simple and user-friendly and features multiple windows and tabs that are fully customizable and easy to use. Trades can be opened, closed, or modified at will.

It works for one-click, at-best order execution, advanced technical analysis, and unmatched automation capabilities.

MT4 WebTrader

The WebTrader is a user-friendly web platform, which synchronizes all trades with a traders MT4 account.

Mobile and Tablet Trader

A tablet and mobile optimized trading platform that is fully synchronized with the MT4 account is also available.

Customer Support

The customer support team of BROKERJET can be reached by phone or email. Otherwise, traders can post their questions in a form on the website and the company promises to contact them within three business days after submitting the request.