This fee is not charged if the monthly trading volume exceeds 5 round turn lots. The Elite account also has a raw spread and a lower commission of 2 USD, but there is also a monthly fee of 5% of weighted average equity per month, but no less than 50 USD. The Pro account is described as an ECN-type account with raw spreads and a commission of 5 USD per side per lot. There are no specific parameters for the base account. NO FEE CHARGED IF account achieves a trade flow >= 5 Round Turn Lots per month.Monthly Account Fees of 5% of weighted average equity per month (minimum of $50).ECN Commissions of $2 USD per round turn lots.ECN Commissions of $5 USD per round turn lots.The only tradable asset we found in the broker's website is Forex.Īccording to the website, Jet Trade Markets offers three account types – Trader, Trader Pro and Trader Elite, with two base currency options – Australian dollar and US dollar. Here is the screenshot of Jet Trade Markets' official website: Here we can say that WikiFX has given this broker a very low score of 1.33 (the screenshot was taken on ). Vincent and the Grenadines has repeatedly issued warnings on this issue, with the latest such warning dated 23 June 2021. Тhe Financial Services Authority (FSA) of St. While this country has a financial regulator, unlike other offshore areas, it does not license or regulate the activities of forex and CFD brokers. However, the complete lack of regulation in the SVG also makes this jurisdiction very attractive to shady brokers and fraudsters. Sometimes legitimate brokers register subsidiaries in offshore areas such as SVG to compete more effectively in unregulated markets in Africa and Asia. This company is said to be incorporated in Saint Vincent of the Grenadines (SVG). We therefore recommend that you avoid Jet Trade Markets and use the services of more credible brokerage firms instead.Īccording to the Legal Risk Disclamer and the Terms and Conditions, Jet Trade Markets is a trade name of GFY Markets Ltd. At best, it is an unregulated broker that does not provide any guarantees about the safety of your funds. Although Jet Trade Markets appears to be affiliated with companies registered in Australia, we cannot rule out the possibility of it being a scam. Jet Trade Markets is a questionable offshore broker that does not provide clear information about its ownership and trading conditions.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |