JRFX

JRFX Review

Overview

Founded in 2010, JRFX is a brokerage firm registered in Saint Vincent and the Grenadines. The broker offers trading services in Forex and other financial instruments, providing access to MT4 and its proprietary JRFXOne platform. The minimum deposit starts at $100, with leverage up to 1:1000.

While JRFX claims regulatory status, the transparency of its licenses is questionable. It is registered under SVG FSA (Saint Vincent and the Grenadines Financial Services Authority) as an International Business Company (IBC) and holds a license from BVI FSC. However, the SVG FSA does not supervise forex trading activities, and BVI FSC does not publicly display authorized domains. This means investors should approach with caution.

Founded: 2010
Registered Country/Region: Saint Vincent and the Grenadines
Regulation: BVI FSC, SVG FSA (registration only, no strict oversight)
Tradable Instruments: Forex, CFDs, other financial products
Demo Account: Available
Trading Platforms: MetaTrader 4 (MT4), JRFXOne
Minimum Deposit: $100
Leverage: Up to 1:1000
Customer Support: Email, phone, online channels
Restricted Regions: Not clearly stated

Regulation and Legitimacy

JRFX claims the following registrations and licenses:

• BVI FSC (British Virgin Islands Financial Services Commission)

  • License No.: 2047780

  • Note: The BVI FSC does not disclose broker domain information, raising verification issues.

• SVG FSA (Saint Vincent and the Grenadines Financial Services Authority)

  • Registration No.: 601LLC2020

  • Note: SVG FSA only registers companies as IBCs and does not regulate forex or CFD trading.

This means JRFX operates without strong regulatory oversight, creating a higher risk profile compared to brokers under Tier-1 regulators (such as FCA, ASIC, or CySEC).

Pros and Cons

Pros

• Supports MT4 and proprietary JRFXOne platform

• High leverage up to 1:1000

• Low minimum deposit of $100

• Demo accounts available

Cons

• Offshore registration only, lacks Tier-1 regulation

• Transparency issues with licenses

• Limited details about trading conditions

• Higher risk for investors due to weak oversight

Market Instruments

JRFX provides trading access to:

• Forex

• CFDs

• Other unspecified financial products

Account Types

JRFX offers both demo accounts and live accounts. However, the website provides limited details about spreads, commissions, or specific features for different account types.

Trading Platforms

Clients can trade on MetaTrader 4 (MT4), a widely recognized trading platform, as well as the proprietary JRFXOne platform. These platforms support multiple trading tools, charting features, and automated strategies, though transparency on availability is limited.