Finding a good broker is an important step when you start trading. There are thousands of these firms on the web, and JAFX is one of the brokers people talk about everywhere. However, many traders consider it a scam, while others find it perfectly normal. This JAFX review will tell you the truth about this broker.
Who Is JAFX?
Now that you know some of the opinions about it, you may be wondering what JAFX actually is. It is an online broker that acts as a gateway between you and the markets. The way it works is simple: you create an account on its platform, deposit money and can then invest in the various instruments it offers.
As for its origins, this broker can be considered new to trading. It was founded in 2016 by a group of traders whose ultimate goal was to offer a quality broker for retail investors.
Admittedly, JAFX is a somewhat dubious broker. Proof of this is that nobody really knows where its head office is, or even whether it has one. Its presumed address is the following: JAFX Ltd, The Financial Services Center, Stoney Ground, Kingstown, St Vincent and The Grenadine.
The rest of this review may well confirm the doubts we have about it.
If this topic interests you, also see “Best Scalping Broker” and “LMAX Review“.
Trading with JAFX Means Getting:
- a small range of instruments
- a popular trading platform
- an easy-to-use broker
- a high-quality graphical interface
- several payment methods
Is JAFX an ECN Broker or a Market Maker?
If you want your orders to go straight to the market, JAFX is the answer. This broker is an ECN-type broker. Since it is not your counterparty, it routes your orders seamlessly to the interbank markets, so you benefit from the prices available on the market. In addition, the broker cannot see your orders and therefore has no power over your trades. Ultimately, this type of broker reduces the risk of conflicts of interest.
That said, ECN brokers like JAFX are not inherently advantageous. Unlike a market maker, an ECN broker exposes you to a greater risk of slippage. This is one of the drawbacks of ECN brokers such as JAFX.
JAFX Key Information
To give you an overview of JAFX, here are the crucial details about this broker that you absolutely need to know.
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Year Founded | 2016 |
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What Leverage Does JAFX Offer?
Right off the bat, JAFX can be considered a high-leverage broker. With this broker, you get maximum leverage of 1:500, an offer comparable to Vantage’s.
With 1:500 leverage, you can significantly multiply your buying power. Our JAFX review is therefore positive when it comes to maximum leverage.
Instruments Available at JAFX
Now let’s talk about what you can buy and sell at JAFX. This point is extremely important because it determines how diversified your portfolio can be. In fact, this broker’s product range is very limited. Here, you can trade the following instruments:
- Forex: the broker offers 47 currency pairs. You will find the most popular pairs and a handful of rarer currencies.
- Stocks: more than 107 shares of the largest companies are available. For example, you can trade Amazon, Tesla and many other stocks.
Apart from these two product classes, JAFX offers no other instruments. Compared with a broker such as Axi, it really does not measure up in terms of assets. For this reason, our JAFX review on this point is very negative.
JAFX Deposits and Withdrawals
How are you going to trade if the broker does not accept your preferred payment methods? That is why you should choose a broker that accepts practically every transaction method. At first glance, JAFX is not the broker with multiple payment options you are looking for. It offers the following channels:
- bank transfers
- VISA and MASTERCARD cards
- InstaCoins
These payment methods can be used for both deposits and withdrawals, and transactions are processed relatively quickly. The broker also requires a minimum deposit that depends on the chosen account profile, starting as low as $10.
So, as far as deposits and withdrawals are concerned, our JAFX review is negative, because this broker does not offer enough payment methods.
How to Contact JAFX
A problem can arise at any point during your trading session, in which case you will need to contact JAFX for assistance. Its customer service is available 24 hours a day, 5 days a week. Here are the channels you can use to contact it:
- UK phone number: +44 20 3519 7974
- Australia phone: +61 39 1115 706
- live chat on the JAFX portal
Is JAFX Trustworthy?
Whether JAFX can be trusted depends on two things:
- Its track record, and any history of scams
- The bodies that regulate it.
Scam History
First, let’s look at JAFX’s track record. This broker appears to be beyond reproach, since it has never been taken to court. There are just a few testimonials claiming it is a scam, but no concrete evidence has surfaced yet. So, for now, JAFX is not considered a scam.
Regulation
Next, we need to look at the licenses this broker holds. This is precisely where it becomes questionable: it is not regulated by any authority. This means that nobody can guarantee that the broker complies with the law.
In short, despite its clean track record, our JAFX review is negative. Its lack of regulation shows the risk you take by trusting it.
Does JAFX France Exist?
You will not find any JAFX office in France, let alone a website dedicated to French clients. So JAFX France does not exist. You can still access the broker from France: just search for it in your browser and you will reach its official website. However, the only language supported is English.
By contrast, with a broker such as XM, you have access to several languages, including French.
Is JAFX an AMF-Regulated Broker?
Earlier in this JAFX review, we saw how poor this broker’s regulatory standing is. Since JAFX is not recognized by any regulator, it is obviously not an AMF-regulated broker. Despite this shortcoming, JAFX does not appear on the list of brokers banned by the Autorité des Marchés Financiers (AMF). This means you can use it in France, but at your own risk.
Diversifiez votre patrimoineInvestissez dans l’artDes tableaux originaux, pièces uniques signées par l’artiste. Un actif tangible, loin des écrans et des cotations.Voir les tableaux →Protection of Funds at JAFX
When it comes to protecting your money, JAFX limits itself to safeguarding your personal data. As a result, you get no negative balance protection, let alone a compensation fund.
Note also that the broker makes no mention of segregated accounts. Given such shortcomings, we can say with certainty that this broker’s fund protection measures are inadequate. The upshot is that our JAFX review on this point is negative too.
Awards Received by JAFX
A quality broker should have won at least one award in its career. Unfortunately, that is not the case for JAFX: it has never won an award for anything. This is surely evidence of how mediocre this broker is.
On this point, our JAFX review is negative, as the broker still needs to make an effort to win a medal.
Note: if you are looking for a highly decorated broker, Vantage is a great option.
JAFX Trading Accounts
In our view, a good broker should offer several account types to suit different investor profiles. In this section, you will discover the account options available at JAFX:
- First, there is the free demo, which lets you explore the broker’s interface and features
- Next, the live account: the broker’s standard account, with real-time STP/ECN execution
- Finally, there is an Islamic account suited to halal trading, which charges no swaps.
Despite offering this Islamic option, JAFX remains limited in terms of account variety. It is therefore unable to meet the requirements of different traders.
JAFX Fees
No broker in the world works for free, and JAFX is no exception. To earn its money, it charges you the following fees:
- Spreads
- Commissions
- Swaps
In this section of our 2025 JAFX review, we look at each of these points in more depth.
JAFX Spreads
Spreads are the difference between the buy and sell prices. The broker charges a spread on each of your trades. However, JAFX does not disclose any information on this point, so it is impossible to know its average spread. That said, since it is an ECN broker, we can conclude that its spreads vary with the market.
Commissions
As with spreads, JAFX says nothing about the commissions it charges. Everything suggests that the broker lacks transparency when it comes to fees. Our JAFX review on commissions is therefore negative.
What About Swaps?
Of course, JAFX also charges swaps whenever you keep positions open outside international market sessions. The amount of the swaps depends on the size of your positions and how long you keep them open.
Which Platforms Does JAFX Support?
In terms of trading platforms, JAFX cannot hold a candle to brokers such as RoboForex or FXPrimus. JAFX offers only a few software options, namely:
- its WebTrader
- JAFX MetaTrader 4
- and its mobile app.
Our JAFX review is therefore negative here, as this broker only offers MT4 plus a few web and mobile traders.
Slippage and Order Execution at JAFX
First of all, few trades are executed at the exact price, because the market is constantly moving. There is therefore a good chance of experiencing a price shift, also known as slippage.
Once again, JAFX disappoints, because it does not disclose enough on this point. The broker claims to work with several committed liquidity providers, but says nothing about its order execution speed.
In conclusion, it does not guarantee that slippage risk will be limited, so our JAFX review is once again negative on this point. Brokers such as AvaTrade are fairly fast at executing orders.
JAFX Education
In reality, there is no training program at JAFX, so this is not the broker to choose if you want to learn how to trade. On JAFX, you will find a FAQ section that tells you a little more about the broker’s features. Beyond that, there is nothing to learn on this site, which is why our JAFX review is negative on this point.
Available Tools
JAFX mainly offers the tools available in MetaTrader 4, such as:
- charts
- technical indicators
- calculators
- Expert Advisor trading robots
- etc.
Does JAFX Offer a Bonus?
No bonus offer is available with this broker, and you will not receive any percentage on your deposits. By contrast, with BDSwiss you get a small welcome bonus to trade without taking too many knocks.
JAFX vs Other Brokers
To gauge this broker’s quality, it needs to be compared with other brokerage sites. With that in mind, we compared JAFX with the best trading firms in 2025. Let’s see how this broker measures up against them.
Broker | Strengths | Customer Rating | |
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| ★☆☆☆☆ 1/5 | |
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| ★★★★★ 5/5 | Discover |
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| ★★★★☆ 4/5 | Discover |
Pros and Cons
Like every broker in the world, JAFX is not perfect. It has advantages, but also drawbacks.
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Conclusion: What to Make of JAFX in 2025?
JAFX cannot possibly be the best broker. It has far too many flaws to lay claim to that title. This JAFX review has clearly shown its limitations in terms of instruments, protection of funds, trading platforms and education. You are better off investing your money with a regulated broker such as Vantage.
So, if you have already used JAFX, share your review in the comments.