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JAFX

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Operating status: SCAM

Website: https://www.jafx.com/

Broker violations and abnormal records
  • 2025-01-26 BrokersView has reviewed that JAFX is an unregulated forex broker

    BrokersView found JAFX is currently not regulated or not overseen by any financial regulator. The registration with the Financial Services Authority of St. Vincent and The Grenadines (SVG FSA) it used to claim to have was canceled. The website of JAFX is currently unavailable. Investors should exercise extreme caution and stay away from any offerings in the name of JAFX.

    BrokersView found JAFX is currently not regulated or not overseen by any financial regulator. The registration with the Financial Services Authority of St. Vincent and The Grenadines (SVG FSA) it used to claim to have was canceled. The website of JAFX is currently unavailable. Investors should exercise extreme caution and stay away from any offerings in the name of JAFX.

Related Complaints

Q&A

I cannot find the regulatory body that regulated JAFX. The website mentioned about leverage of 1:500 that I am satisfied with, but I'm not sure if it is secure enough for trading with real money.

Thaksin
Thailand
2022-01-10
ANSWER JAFX is an offshore broker who claims to be registered by Financial Services Authority of the St. Vincent and the Grenadines (SVG FSA). However, the SVG FSA has announced that it does not issue any licenses for forex trading or brokerage nor does it regulate, monitor, supervise or license international companies engaging in such activities. In other words, JAFX is merely a registered broker rather than a licensed one. For more details about this broker, you can check our full JAFX review. We keep on remind the trader to be wary of offshore brokers as they don't provide any funds protection as well as withdrawals guarantee. If you are looking for brokers to deal with, we would recommend brokers regulated by top-tier regulators like FCA, CySEC, ASIC, etc.
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6 comments

Muhammad Lutfi Khakim
Attempting to deposit funds to prevent my account from being closed by a few transactions, every time I try to deposit funds, an error occurs. The new browser had the same error, cleared the cache and history, the error is still here. Then I told my sales representative but there is no response. Rubbish... it took my money.
2023-05-27
Reply
dadang suhanda
I regretted using their services, and of course I will not use it. Having opened a brokerage account with a high commission, I discovered that it is blocked and I cannot respectively make transactions, I cannot withdraw money either.
2023-05-26
Reply
DipokChy
So I've been looking for brokers with regulations, and there are multiple platforms to choose from. I considered several options, but after a lot of consideration, I chose JAFX, which is what I'm happy with today. The spread between the major currency pairs is excellent, there are no requotes at all, and the interface is very user-friendly.
2023-05-25
Reply
Chris Owen
Jafx is one of the best broker I have ever come across. The spread of all the currencies pairs are fine and the trading condition is the best you can ever find in the market, the fund withdraw take a few days but it finally goes back to your bank account anyway, I have withdraw my deposit and my profit twice without any troubles (2000 pounds and 1300 pounds at each time).This is a broker that needs some applause from the crowd, I do hope jafx can acquire a regulation quickly so that ease the doubts.
2023-05-19
Reply
Graham Hayes
Fast deposit and withdrawals. Deposit takes mins and withdrawal takes 45 mins. I highly recommend this broker. Thank you jafx and susan for great service.
2023-05-13
Reply
Jasmine Kia
I have used JAFX for a year and I’m very satisfied with the broker, not only because it has the lowest spreads but also I can start trading Crypto here. By the way, I never had any issues with withdrawals.
2023-05-11
Reply
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Risk Warning

FX trading is of high risk and may not be suitable for all investors. Leverage will create additional risks and loss. Before trading, please carefully consider your investment objectives, experience level and risk tolerance. You may lose part or all of your initial investment; do not invest money that you cannot afford. Educate yourself about the risks associated with FX trading. If you have any questions, please consult an independent financial or tax advisor. Any data and information are provided "as is" and only for information purpose, not for trading or recommendations. Past performance does not predict future results.

Disclaimer

The data contained in this website may not be real-time and accurate. The data and prices on this site are not necessarily provided by the market or exchange, but may be provided by market makers, so prices may be inaccurate and differ from actual market prices. Namely, this price is indicative price only to reflect market trend, and is unfavorable for trading purpose. The provider of the data contained in the Website shall not be liable for any loss incurred by you as a result of your trading activities or reliance on the information contained in the Website.