Thinking of getting into business with jiaxinguk.com? Here is what you must know about this broker. Carefully read this review to find out if jiaxinguk.com is the trading platform you will want to trade with.
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About jiaxinguk.com
jiaxinguk.com is an offshore brokerage company with a lot of promises for traders. The broker presents to us both addresses of its offices — United Kingdom and Hong Kong Island.
The broker trades on the following instruments like forex, stocks, metals, cryptocurrency and energy.
To clarify, regardless of the trading instruments jiaxinguk.com claims to offer, traders must know they are dealing with an unknown broker which does not have a regulation over its head.
jiaxinguk.com: Reasons to Avoid This Broker
Firstly, jiaxinguk.com is a platform with no financial authority overseeing its financial services. We discover the broker is not a licensed entity as neither of UK Financial Conduct Authority (FCA) nor Hong Kong Securities and Futures Commission (SFC) has approved JIAXING INTERNATIONAL LTD among their licensed brokers. Sadly, Hong Kong Securities and Futures Commission (SFC) has warned against this broker.
Secondly, we noticed Jiaxinguk.com has no demo account for traders. Since traders can’t test the broker on a free account, we can’t know its viability in the forex market.
More so, this broker does not offer money back guarantee which means trading on such platform is clearly a risk as your money cannot be refunded.
These are cons for forex traders to avoid losing money with this scam broker. It is always advisable you check for regulated and licensed broker on financial authorities websites before depositing fund for trading.
Withdrawal and Deposit
Withdrawal process
Jiaxinguk.com leaves us with no specific information on processing days nor withdrawal fees. Truly, this broker is a scam and its fraudulent schemes are clear.
Minimum Deposit
Jiaxinguk.com minimum deposit is not available.
As for the payment methods, the broker discusses nothing for traders. Truly, you should not consider making any payment with this broker because it is a risk. So beware!
Jiaxinguk.com Platform
Jiaxinguk.com claims to offer MT5 (Industry standard trading platform), however, the option of MT5 doesn’t make the broker legit because any scam broker can do the same to lure forex traders.
As for the leverage, it can get up to 1:100. Nevertheless, we say don’t consider doing that with an unregulated forex broker like this one because you stand the chance of losing your money.
Jiaxinguk.com Licensing and Regulation
It is not far from believing that this broker is not a licensed brokerage firm. It is not under any financial regulation which means wiring your money for trading is risky. Its unlicensed and unregulated activities are truly a red flag and must be avoided.
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Licensed in Australia(ASIC) and Cyprus(Cysec)
Accepts Traders Worldwide
Minimum Trade Deposit $100
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Conclusion: Is Jiaxinguk.com a Reliable Broker?
No, Jiaxinguk.com does not seem like a reliable broker for traders even though it promises offers that look good to be true.
Most importantly, the broker is unregulated which means it is not authorized to operate in any regulated country and you should definitely not put any money into it.
Because we have taken it as a duty to find out scam forex brokers and also share reasons, we will not recommend this broker for trading.
Kindly share your comment about this broker in the comment section.
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