Basic Information
Registered Region 
New Zealand
New ZealandOperating Period
5-10 years
Company Name
UP WAY GLOBAL MARKETS
Customer Service Email Address
info@jrfx.com
Contact Number
+6583727701
Company Website
Global Broker Regulation Inquiry App
WikiFX
No Regulation
Score
0
1
2
3
4
5
6
7
8
9
.
0
1
2
3
4
5
6
7
8
9
0
1
2
3
4
5
6
7
8
9
/10
JRFX
New Zealand
|
5-10 years
|
Suspicious Regulatory License
|
White label MT4
|
United Kingdom Appointed Representative(AR) Revoked
|
High potential risk
https://www.jrfx.com/en/
Website
Rating Index
MT4/5 Identification
MT4/5
White Label
UpWay-Demo
China
65
Influence
C
Influence index NO.1
Portugal 5.74MT4/5 Identification
MT4/5 Identification
White Label
65
Server Name
UpWay-Demo MT4
Server Location China
ChinaInfluence
Influence
C
Influence index NO.1
Portugal 5.74Surpassed 23.40% brokers
Biz Area
Search Statistics
Advertising
Social Media Index
Contact
+65 8372 7701
info@jrfx.com
https://www.jrfx.com/en/
Hobsonville Road, Hobsonville, Auckland, 0618, New Zealand
Warning: Low score, please stay away!
- It has been verified that this broker currently has no valid forex regulation. Please be aware of the risk!
4
Related Software
Biz Area
Website
Genealogy
Relevant Enterprises
Employees
Company Summary
Wiki Q&A
Comment
MT4/5
White Label MT4
9
MT4 Servers
0
MT5 Servers
139.28
Average execution speed/ms
Formal full license MT4/5 traders will have sound system services and follow-up technical support. Generally, their business and technology are relatively mature and their risk control capabilities are strong
Meta Trader 4
Perfect
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Official website
Website
jrfx.com
103.75.0.200Server LocationICP registration--Most visited countries/areas--Domain Effective Date2005-06-15WebsiteWHOIS.GODADDY.COMCompanyGODADDY.COM, LLC
Genealogy
VIP is not activated.Open Now
Relevant Enterprises
JR GLOBAL MARKETS LIMITED(New Zealand)
Active
New Zealand
Registration No.
8145582
Established
UPWAY GLOBAL MARKET (UK) LIMITED(United Kingdom)
Deregistered
United Kingdom
Registration No.
14448632
Established
UP WAY UK GLOBAL INTERNATIONAL LIMITED(United Kingdom)
Deregistered
United Kingdom
Registration No.
12102136
Established
Employees
Company Summary
| JRFX Review Summary | |
| Founded | 2005 |
| Registered Country/Region | New Zealand |
| Regulation | No regulation |
| Market Instruments | Forex, commodities, indices, US stocks |
| Demo Account | ✅ |
| Leverage | Up to 1:1000 |
| Spread | From 0.7 pips (Standard account) |
| Trading Platform | MT4, JRFX APP |
| Min Deposit | $100 |
| Customer Support | 24/7 live chat |
| Tel: +65 8372 7701 | |
| Email: info@jrfx.com, cs@jrfx.com | |
| X: https://twitter.com/jrfx_official | |
| Facebook: https://www.facebook.com/JRFX_official-104448608357379 | |
| Instagram: https://www.instagram.com/jrfx_official/ | |
| Youtube, Zalo, Telegram | |
JRFX Information
Founded in 2005, JRFX is an unregulated broker registered in New Zealand, offering trading on forex, commodities, indices and US stocks with leverage up to 1:1000 and spread from 0.7 pips on the Standard account through the MT4 and JRFX APP platforms. Demo accounts are available and the minimum deposit requirement to open a live account is $100.
Pros and Cons
| Pros | Cons |
| Various trading products | No valid regulations |
| Demo accounts | Unknown payment options |
| Multiple account types | |
| Commission-free accounts offered | |
| MT4 platform | |
| 24/7 live chat |
Is JRFX Legit?
No. JRFX currently has no valid regulations. Please be aware of the risk!
| Regulated Country | Regulator | Current Status | Regulated Entity | License Type | License No. |
 | Financial Conduct Authority (FCA) | Revoked | Up Way UK Global International Limited | Appointed Representative (AR) | 913023 |
 | Financial Conduct Authority (FCA) | Revoked | Upway Global Market (UK) Limited | Appointed Representative (AR) | 991852 |
 | The Chinese Gold & Silver Exchange Society (CFSE) | Suspicious Clone | 金荣中国金融业有限公司 | Type AA License | 084 |
What Can I Trade on JRFX?
| Tradable Instruments | Supported |
| Forex | ✔ |
| Commodities | ✔ |
| Indices | ✔ |
| US stocks | ✔ |
| Cryptocurrencies | ❌ |
| Bonds | ❌ |
| Options | ❌ |
| ETFs | ❌ |
Account Type
Here are three account types JRFX offers:
| Account Type | Min Deposit |
| EasyPro | $100 |
| Standard | $100 |
| ECN | $10 000 |
Leverage
| Account Type | Max Leverage |
| EasyPro | 1:1000 |
| Standard | 1:500 |
| ECN | 1:200 |
Since leverage, can amplify both profits as well as losses, choosing the right amount is a key risk determination for traders.
JRFX Fees
| Account Type | Spread | Commission |
| EasyPro | From 1.2 pips | ❌ |
| Standard | From 0.7 pips | ❌ |
| ECN | From 0 pips | $3.5/lot per side |
Trading Platform
| Trading Platform | Supported | Available Devices | Suitable for |
| JRFX APP | ✔ | Android, IOS, Google play | / |
| MT4 | ✔ | Desktop, mobile | Beginners |
| MT5 | ❌ | / | Experienced traders |
Keywords
- 5-10 years
- Suspicious Regulatory License
- White label MT4
- United Kingdom Appointed Representative(AR) Revoked
- High potential risk
Wiki Q&A
Pushpender Sharma 
1-2 years
What is the minimum deposit required by JRFX?
The minimum deposit for EasyPro and Standard accounts is $100, which is very affordable for many traders. However, the ECN account has a much higher minimum deposit requirement of $10,000. Personally, I would go with the EasyPro or Standard accounts unless I have the capital for the ECN account. The lower deposit requirement is definitely a plus for those starting small.
Broker Issues
Deposit
Withdrawal
08-01
United States
mohdfazlan
1-2 years
What leverage can I get on JRFX?
JRFX offers leverage of 1:1000 for the EasyPro account, 1:500 for the Standard account, and 1:200 for the ECN account. I personally think the leverage on the EasyPro account is attractive, especially for traders looking to maximize their positions. However, high leverage also increases risk, so I would recommend using it with caution, especially if you're new to trading.
Broker Issues
Account
Platform
Instruments
Leverage
07-20
United States
Tom Rossito - Toronto
1-2 years
What makes JRFX safe or risky for trading?
From my perspective, JRFX is risky to trade with due to its lack of valid regulation. Without proper oversight, there’s a higher risk of encountering potential issues with fund safety or transparency. For me, safety in trading is paramount, and a regulated broker offers that protection, which JRFX currently lacks.
Broker Issues
Regulation
07-02
United States
Razzie87
1-2 years
Is JRFX a regulated broker?
JRFX is not a regulated broker. While it was previously regulated by the FCA, the license has been revoked. Additionally, its status with HKGX is "Unverified," which raises concerns about its legitimacy. As someone who values proper regulation, I wouldn't feel comfortable trading with JRFX without the assurance that it meets regulatory standards.
Broker Issues
Regulation
06-29
United States
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