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.

https://www.jafx.com/

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.