Jetafx is a forex broker registered in Saint Lucia on January 3, 2024, mainly providing investors with trading services of financial derivatives such as forex, indices, stocks, commodities, and exchange-traded futures. The broker's head office address is unknown. This broker does not provide services to jurisdictions that may violate local laws or regulations, including but not limited to the United States, Cuba, Iraq, Myanmar, North Korea, Sudan, among others.
Company Registration Info and Regulatory Status:
Jetafx's official website only discloses two specific addresses: Office No 902 75 Dubai National Insurance Building Port Saeed Dubai P.O. Box Parcel ID 21275 1290134 and Ground Floor, The Sotheby Building, Rodney Bay, Gros-Islet, Saint Lucia P.O. Box 838, Castries, Saint Lucia. When searching for this broker on the MT5 platform, the corporate entity providing servers for it is Jeta FX LTD. However, when viewing the broker's official website "Legal Documents & Restricted Regions" document, the page redirects to another broker "CMV Capitals" and their website designs are also identical.
Upon verification, a corporate entity named Jeta FX LTD, with registration number 2024-00003, can be found in the International Business Companies and International Trusts Registry (ifc) of Saint Lucia. Yet, this entity is not found in the Financial Services Regulatory Authority (FSRA) of Saint Lucia, nor at official financial regulatory agencies in other jurisdictions.
Account Opening:
Upon testing, the account opening option provided on Jetafx's official website could not be opened normally.
Account Types:
Jetafx offers four different types of real trading accounts to users: Pro Account, Zero Account, Cent Account, Premium Account.
Pro Account:
- Trading Platform: MT4, MT5, Webtrader, Mobile Trading
- Spread: From 0.5 pips
- Contract Size: 1 lot = 100,000 units
- Trading Instruments: All available
- Minimum Price Precision: Fifth decimal place
- Maximum Trading Leverage: 1:500
- Execution: Market execution
- Minimum Deposit Amount: $100 / 50,000 Naira / €100 / 13,000 Yen
- Minimum Trade Size: 0.01 lot
- Trade Size Increment: 0.01 lot
- Maximum Total Trade Size: 60 standard lots per position
- Maximum Number of Open Orders: 500
- Margin Call / Stop Out Level: 50% / 20%
- Phone Trading: Supported
- Account Currency: US Dollar, Euro, Nigerian Naira, Japanese Yen
- Personal Account Manager: Provided
- Trading Commissions: None
- Swap Free (only for specific trading instruments): Supported
Zero Account:
- Trading Platform: MT4, MT5, Webtrader, Mobile Trading
- Spread: From 0 pips on Forex and Gold
- Contract Size: 1 lot = 100,000 units
- Trading Instruments: All available
- Minimum Price Precision: Fifth decimal place
- Maximum Trading Leverage: 1:2000
- Execution: Market execution
- Minimum Deposit Amount: $0
- Minimum Trade Size: 0.01 lot
- Trade Size Increment: 0.01 lot
- Maximum Total Trade Size: 60 standard lots per position
- Maximum Number of Open Orders: 500
- Margin Call / Stop Out Level: 50% / 20%
- Phone Trading: Supported
- Account Currency: US Dollar, Euro, Nigerian Naira, Japanese Yen
- Personal Account Manager: Provided
- Trading Commissions: None
- Swap Free (only for specific trading instruments): Supported
Cent Account:
- Trading Platform: MT4, MT5, Webtrader, Mobile Trading
- Spread: From 1.2 pips
- Contract Size: 1 lot = 1000 units
- Trading Instruments: Forex, Gold
- Minimum Price Precision: Fifth decimal place
- Maximum Trading Leverage: 1:2000
- Execution: Market execution
- Minimum Deposit Amount: $0
- Minimum Trade Size: 0.01 lot
- Trade Size Increment: 0.01 lot
- Maximum Total Trade Size: 200 standard lots per position, with a total maximum trading volume of 500 standard lots for the account/li>
- Maximum Number of Open Orders: 150
- Margin Call / Stop Out Level: 50% / 20%
- Phone Trading: Supported
- Account Currency: USC
- Personal Account Manager: Provided
- Trading Commissions: None
- Swap Free (only for specific trading instruments): Supported
Premium Account:
- Trading Platform: MT4, MT5, Webtrader, Mobile Trading
- Spread: From 1.2 pips
- Contract Size: 1 lot = 100,000 units
- Trading Instruments: All available
- Minimum Price Precision: Fifth decimal place
- Maximum Trading Leverage: 1:2000
- Execution: Market execution
- Minimum Deposit Amount: $0
- Minimum Trade Size: 0.01 lot
- Trade Size Increment: 0.01 lot
- Maximum Total Trade Size: 60 standard lots per position
- Maximum Number of Open Orders: 500
- Margin Call / Stop Out Level: 50% / 20%
- Phone Trading: Supported
- Account Currency: US Dollar, Euro, Nigerian Naira, Japanese Yen
- Personal Account Manager: Provided
- Trading Commissions: None
- Swap Free (only for specific trading instruments): Supported
Trading Platform:
Jetafx offers the MT5 trading platform to users, provided by Jeta FX LTD.
Deposits and Withdrawals:
Jetafx has not clearly disclosed the supported methods, fees, and minimum amounts for deposits and withdrawals on its official website.
Summary:
Traderknows reminds investors that Jetafx is a forex broker without effective regulation. Traderknows advises investors to preferably choose brokers with strong regulation and a good reputation for their investment and trading activities, to avoid unnecessary financial losses.
Currently, this broker is marked as 'Suspected of Scam' on Traderknows.
