JAFX Review – Deposit, Withdrawals, Scam or Good?

There are many excellent brokers on the Internet and this can make it very difficult to find the right one for your individualistic needs. Many people have experimented with JAFX and a lot of traders believe that the broker is the best in the business. It certainly offers plenty of excellent features and the minimums are incredibly low. Nevertheless, it is in your best interest to better familiarize yourself with this broker and its services before signing up. Read the comprehensive review below, so you can determine whether or not JAFX is right for you!

About JAFX

It is generally a good idea to gain a better understanding of JAFX and its parent company. You should know that the website and company are owned and operated by JAFX Limited. All payment services are handed by JAFX EOOD. The payment solutions for the broker are based out of Bulgaria. The company has been in business since 2013. Also, the company is a fully ENC Forex broker.

This combination definitely helps to put the user’s mind at ease. Nevertheless, you should learn more about this broker, before giving them your money and business.

JAFX Assets 

JAFX-Assets

One of the best things about JAFX is the company’s assets. A lot of Forex brokers are very limited in terms of asset options and this is where JAFX really hits it out of the park. Traders that begin utilizing this broker will be able to choose from a variety of investment options. In total, they’ll be able to choose between 47 currencies. On top of that, they’ll be able to make trades in 107 stocks. Even better is the fact that the minimum trade size is just 0.01 Lot. The company offers access to some of the most popular stocks, including Walt Disney, Cisco Systems, Comcast, Baidu, and even Citigroup.

You’ll also be able to use this broker to trade in commodities and CFDs. Commodities available include copper, natural gas, oil and more. With JAFX, the possibilities are plentiful.

MT4 Platform 

Another thing to remember is that the JAFX broker utilizes the MT4 trading platform. MetaTrader 4 is very popular and it is used by a lot of Forex brokers. The software, which was developed by MetaQuotes Software, was released in 2005. Since then, the software has improved substantially. Another great thing about JAFX is that you can use this broker with your mobile device. Clients have access to the broker’s trade tools through an iOS and Android mobile trading app.

If you’ve experimented with Forex trading in the past, there is a good chance that you’re experienced the MT4 platform. So, you should have little to no trouble figuring it out and utilizing it right away.

Auto Trading 

JAFX-Auto-Trader

JAFX also provides users with access to an auto-trading system. Wouldn’t you like to put your money to work for you all day every day? There is no doubt that you would. JAFX’s auto trading system is available 24 hours a day from Monday to Friday. This system will go ahead and place your trades for you automatically. This ensures that you’ll be able to sit back and relax, while the software takes care of the rest.

If you’re confident that the system will work better than you, it is highly recommended that you check it out. Of course, a lot of traders would rather remain in complete control of their trading decisions.

Managing And Opening Your Account With JAFX JAFX-Create-Account

Since JAFX is dedicated to making their client’s experiences as easy as possible, the entire registration process in simple and straightforward. To begin, all you need to do is head on over to their website and enter in a little bit of personal information. Once your account is setup and you are logged in, you will have to upload some verification documents before you can start making trades. These documents are used to verify that you are who you say you are. After all, customer security and privacy is of the utmost importance at JAFX, so they want to ensure that they are really dealing with you and not someone pretending to be you.

Photo identification like a passport or driver’s license will be required to open your account. However, if you do not have access to these types of documents, a banking statement or utility bill will work as well. After your account is verified, you will be required to make a small initial investment before you can start trading.

Did you make a profitable withdrawal with JAFX? Let me know below in the comments..

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15 comments

  • Been a client with JAFX for about 1 month now and everything is so far so good

  • Love how they’re integrating with IML now too!

  • I made a deposit but bank was charged 3 times. Not only is my money not available in either trading or landing accounts but customer support is. no help at all. This is ridiculous.

    • Have you tried contacting your bank or MyChargeBack.com?

    • Having the exact same problem! I deposited a large amount 3 days ago and still have not received it, and the email and chat support has been terrible with no resolve. Anyone have any luck with contacting them and if so, how? I tried contacting the phone number they have but left a voicemail and have not received a call back. I deposited via BTC, and it was a large sum of money so I’ve been pretty stressed about it.

      • I’ve been playing with house money and have tried to withdraw since last week but was told they are changing banks. The chat responses are generic and don’t answer my questions . still waiting to see if they will transfer funds to my bank acct

        • I ended up receiving my $9000 and am trading with it now after over 5 days and tons of anxiety lol. I am really hopeful I don’t run into the same problem withdrawing….let me know if you have any luck?

    • Same happened to me! With in the last couple days. I think they just started ducking with people’s money cause I deposited before and nothing happemed

  • Everything is great…UNTIL you try to withdraw your money!! I withdrew $2500USD on the 30th January and the status is still PENDING!! Countless emails and chat sessions have still left my money in pending status!! I was told several times that it will be approved in 24 to 48 hours and each day passes with no change. The latest news was they are changing banks and to wait another 24 to 48 hours. I truly beleive they are having financial problems and are using everyones funds

    • With the amount of new comments flooding in, it definitely looks like something strange is going on. Keep us updated.

      • Anton, I think jafx is a scam. I deposited 100$ twice on the 5th and 6th both of them never went through but charged my bank. So now I have no money to show anywhere lol. And they’re customer service is garbage. I can’t even live chat anymore they cut me off.

  • I just opened an Account with JAFX a couple days ago and my account was verified. When I tried to fund the account, I received a message from my bank stating they declined payment as they believed it was possibly fraudulent. The payment registered as “gpay vaawatop, a jewelry and watch shop, in GUIYANG, China.” In this case, I am happy my bank declined the transfer as this seems suspicious.

  • Did anyone recieve funds as yet because i want to use these guys but seeing these post makes me wonder and want to hold out. So many broker horror stories on recieving what you work hard for….. sigh

  • We stumbled upon this thread and would like to officially respond to your comments above to hopefully put your minds at rest.

    Lets start from the top…

    Toni – We have had a few cases like this and one of the root causes was that when our system was overloaded, clients were multiple clicking the deposit button instead of waiting for the transaction to finish. If you have not done so already, please contact support and they can either credit the 2 other transactions to your JAFX account or we can simply refund them via the card processor.

    Nathan – The delay with your BTC deposit is due to the blockchain.info API not working correctly, we use their API to automatically check to see if BTC deposits have been made to the auto generated addresses. During the time it was failing, we had no way of checking to see if the BTC was deposited automatically and relied on manually checking each pending deposit. I’m sorry for the delay however it was credited to your account.

    Jah Light – Yes we have changed banks for our wire solution however that is complete now and wires are going out as normal. I guess with “House Money” you are referring to profit and if this is the case then you would be free to use any withdrawal method and not limited to bank wire.

    Dian – No we are not ducking with peoples money. Please try and understand that we are growing extremely rapidly and trying to keep up with demand by hiring new staff all the time.

    Michael – I replied to your comment on FPA however here it is again for everyone else to see:
    Hi Michael, after reviewing your situation internally, I am extremely ashamed to say that you are right. It was handled in a very poor manner and your withdrawal was indeed delayed. Our wire transfer provider recently changed the bank they use to send funds which in turn created a delay in sending wires. Not only that but it also created a backlog. I can also see that you were not notified of the delay and your transfer was pending from the 30th until it was sent on the 9th. I am extremely sorry about this and will put procedures in place to hopefully stop it from happening in the future. I also saw you had an additional wire transfer pending in the backlog so i have gone ahead and expedited it and sent a little extra as a gesture of good will.

    Dian – I have reviewed your situation and i can see that your missing deposits have been located and applied to your account the same day you left your message on this thread. I must admit that the live chat support was terrible that you received and i will address this internally. I am extremely sorry that you experienced bad customer service and a delay in your deposit being processed.

    Luke – Yes, this happened because your credit card deposit failed with our primary processor and was cascaded to a secondary card processor. As this is a shared MID, we have no control over how they process it however the funds would have landed with us and been credited to your JAFX account. It is not a scam, it is just the way that particular processor charges you.

    I would just like to point out that there is no client to history that has not received their withdrawal from JAFX.

    However, there are times where certain aspects of the business are delayed, such as a withdrawal when we change our processing bank or a deposit if the automated function of that deposit fails and needs to be dealt with manually.

    JAFX is going under rapid expansion which is putting a huge amount of stress on our processes. We are constantly hiring new staff however to train these staff in an extremely short period of time to a high level is near impossible.

    We are trying our best to not have to close registrations whilst we improve internally however i can assure you that your issue will eventually be resolved.

    For the purpose of helping everyone out on this thread, i have setup a VIP support route that i would like to invite you to use so we can ensure that your problems have been fully resolved.

    https://www.jafx.com/vip/
    pass: 4E127H
    (Pass will expire in 7 days)

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