JAFX got its start in 2015 and would become one of the more popular Forex brokers seemingly overnight. The explanation for the capacity to bypass the standard growing pains was straightforward. JAFX started as an extension of a remarkably successful signal service, owned by a remarkably successful individual. Read on to learn more about JAFX, as well as CEO, John Anthony.
John Anthony initially unveiled his binary options signal service in 2014. The hugely popular service was initially offered as a paid service, before eventually being offered at no charge when John and team shifted their focus to Forex. These days, countless numbers of long-time devoted clients are utilizing the JAFX platform, along with thousands of new clientele who are pulled in by a variety of distinctive features that this Forex brokerage has on offer.
JAFX operates as a true ECN broker, which means they provide clients with immediate access to other participants within the markets. This makes it possible for clients to trade on excellent bid/offer spreads, sometimes less than a single pip on the major pairs (under regular market conditions, of course). At the moment, JAFX is offering 47 pairs to trade with, together with commodities such as gold. Moreover, 0.01 micro lot trading is accessible, and strategies such as hedging, scalping, and news trading are permitted. Clients are able to trade up to 1,000 lots simultaneously, with the highest possible leverage setting being 1:500. JAFX permits traders to have landing and trading accounts in USD, GBP, and EUR.
JAFX provides an unlimited number of MT4 demo accounts to each client. In offering a demo through MT4, traders are not required to sign up for a standard account. There is also no requirement to make a deposit. Traders can sign up for a demo using WebTrader, or can download MT4 and create the demo within the software. In less than two minutes, you’ll be able to gain access to the trading platform, which provides the same assets, spreads, and other elements as the regular trading platform.
JAFX utilizes the MetaTrader 4 trading system, which can be accessed from both PC and mobile. It cannot currently be downloaded for Mac, but Mac users can use WebTrader (browser version of MT4), or any program that allows Windows software to be run on the system. The mobile trading app is available for both iOS and Android and comes with a full set of trading orders, in addition to analytics and technical indicators. The computer version offers everything a FX trader would need to execute strategies, such as Market, Pending, and Stop Orders, Trailing Stops, and several different execution modes.
Regarding analytics, JAFX presents online quotes and interactive charts for nice periods. Additionally, there are 23 total analytical objects and 30 technical indicators. Clients are also provided the opportunity to gain access to thousands of supplemental indicators via the cost-free Code Base and built-in Market. Simply put, whenever there is movement in the marketplace, those who utilize this trading platform will certainly be able to identify and analyze it without delay. The platform is definitely one of the highlights of this brokerage.
Auto-Trading PAMM Accounts
Both first-time and experienced traders alike make use of the JAFX auto-trading PAMM account option. The brokerage offers several account options to choose from. Traders can make their selection based upon the posted results of each, and of course their desired level of risk. The minimum deposit for each auto-trade option is listed online. Many traders choose to start out with larger amounts to assist in maximum profit growth. One example is the MasterEA, which as of now has gained over 45%. Feel free to check out the JAFX auto-trading page, as the company provides real-time results for each of the auto-trade systems being offered via their platform.
This standard account type is ECN, and this should be selected by those who wish to trade manually. This type of trading account can be used by itself, or alongside one or more of the auto-trading accounts. The minimum deposit for an ECN account is $10, which is of course excellent for those who wish to test the system in a low-risk manner. The ECN account features low latency and no re-quotes. The trading cost is $4 per lot (round turn). The average spread is currently 0.6 and hedging is allowed. As stated previously, there is no dealing desk.
Deposits & Withdrawals
As mentioned earlier, the minimum deposit is $10 for an ECN account and will vary for PAMM accounts. There are several deposit options to choose from, including credit/debit card, Bitcoin, wire transfers, and Skrill. There are no deposit fees on most of these deposit methods, but withdrawal fees may apply. All fee information is provided on the FAQ page (https://www.jafx.com/faq). Most withdrawal requests are reviewed and paid out in one to two business days, with the wait time for the funds to arrive being based on the payment method.
Account Managers and Affiliates
JAFX does provide trading experts with the opportunity to operate managed accounts through the platform. Those who are interested in signing up for a managed account are encouraged to contact support. Both account managers and affiliates can register directly on-site. Affiliates can receive their personal affiliate link within minutes, and are provided with access to an affiliate press kit. PAMM account setup instructions are provided on the website, but backup support is available by contacting any of the affiliate team managers.
There is no secret behind the success of JAFX. Trading and marketing master John Anthony has applied his skills to offer a service that both new and experienced Forex traders both desire and require. In doing this, he has produced a trading environment that rewards his clients, his staff, and inevitably, himself. JAFX looks to continue its growth and success well into the future. Therefore, we do highly recommend that traders have a look at the JAFX platform before making a Forex broker selection.