Jade FOREX

Jade FOREX | 2024-10-29 14:43

Abstract：Jade FOREX, founded in 2021 and registered in Seychelles, offers various trading assets, including currency pairs, precious metals, energies with spread from 0.0 pips and leverage up to 1:200 via two trading platforms: MT4 and cTrader. However, Jade FOREX operates without regulation, and its minimum deposit is as high as 1000 JPY.

Note: Jade FOREX's official website: https://jade-belfort.com/ is currently inaccessible normally.

Jade FOREXReview Summary
Founded	2021
Registered Country/Region	Seychelles
Regulation	Not regulated
Market Instruments	Currency pairs, precious metals, energies
Demo Account	/
Leverage	Up to 1:200
EUR/USD Spread	From 0.8 pips - Standard Account (STP) account
Trading Platform	MT4 and cTrader
Min Deposit	1000 JPY
Customer Support	Email: contact@jade-forex.com
	Phone: +852 8193 0346
	Contact form
	Address: Nobel Capital Group Limited of Room B11, First Floor, Providence Complex, Providence, Mahe, Seychelles
	Social media: Twitter and LINE

Jade FOREX, founded in 2021 and registered in Seychelles, offers various trading assets, including currency pairs, precious metals, energies with spread from 0.0 pips and leverage up to 1:200 via two trading platforms: MT4 and cTrader. However, Jade FOREX operates without regulation, and its minimum deposit is as high as 1000 JPY.

Pros and Cons

Pros	Cons
Various trading assets	High minimum deposit
High leverage	Not regulated
Tight spreads	Lack of transparency
Popular trading platforms - MT4 and cTrader

Is Jade FOREX Legit?

Jade FOREX appears to offer a range of attractive features and security measures for forex traders, including the use of SSL encryption for secure transactions, 24/7 deposit availability, access to Tier-1 liquidity providers for competitive interbank rates, the adoption of Non Dealing Desk (NDD) execution for price transparency and fair trading, and a commitment to high-quality infrastructure for reliable execution speeds and price accuracy.

However, the significant concern with Jade FOREX is its lack of regulation. Regulation by a reputable financial authority is crucial in the forex industry as it provides traders with a level of security, trust, and recourse in the event of disputes or broker's insolvency.

Without regulation, protections against fraudulent activities are minimal, and the risk to your invested capital increases significantly. While Jade FOREX offers promising trading conditions and security measures, the absence of regulatory oversight means that the risk of financial loss due to malpractice or fraud is markedly higher.

What Can I Trade on Jade FOREX?

Tradable Instruments	Supported
Forex	✔
Precious metals	✔
Energies	✔
Indices	❌
Stocks	❌
Cryptos	❌
Options	❌

Account Type

Jade FOREX offers two account types: the Standard Account (STP) and the Low Spread Account (ECN). To open a Standard Account. Whether the demo account is offered, it is not mentioned.

Account Type	Standard (STP)	Low Spread (ECN)
Min Deposit	1,000 JPY
Account Currency	USD or JPY
Min Trading Unit	0.01 lots
Max Trading Unit	30 lots
Execution	Straight Through Processing (STP)	Electronic Communication Network (ECN)

Leverage

Jade FOREX offers leverage up to 1:200. High leverage comes with not only high returns but high losses.

Spread and Commission

Jade FOREX offers two account types with different spreads:

Standard Account (STP) has a spread starting from 0.8 pips for EUR/USD. Law Spread Account (ECN) offers tighter spreads starting from 0.0 pips for EUR/USD. ECN accounts typically come with commission fees on trades, but the information on commissions is not provided in the details you gave.

Trading Platform

Trading Platform	Supported	Available Devices	Suitable for
MT4	✔	Web, Desktop and Mobile	Beginners
MT5	❌	/	Experienced traders
cTrader	✔	Web, Desktop and Mobile	Experienced traders

Deposit and Withdrawal

Deposit Options

Deposit Option	Currency	Min. Deposit	Fee	Processing Time
Bank transfer	USD, JPY	1,000 USD or 100,000 JPY	❌	1-3 business days
Bitcoin		50 USD or equivalent		Immediately
Ethereum
USDT (ERC20)
USDC (ERC20)
XRP (Ripple)

Withdrawal Options

Withdrawal Option	Currency	Min. Withdrawal	Fee	Processing Time
Bank transfer	USD, JPY	30 USD	3000JPY (30 USD) equivalent or 1.5% of the withdrawal amount	2-5 working days
USDT (ERC20)	USD, JPY	30 USDT		2-5 working days