UPWAY Spreads, leverage, minimum deposit Revealed

WikiFX | 2024-11-11 16:35

Abstract：JRJR, founded in Hong Kong, is a financial trading platform specializing in precious metals, particularly in spot gold trading. It provides 2 types of accounts and 3 types of trading platforms. But it is unregulated.

JRJRReview Summary
Registered Country/Region	Hong Kong
Regulation	No regulation
Market Instruments	Gold and silver CFDs, physical gold
Trading Platform	MT4, MT5, JRJR App
Demo account	✔
Account Type	Standard account, Demo account
Min Deposit	$70
Customer Support	Phone: +852 2385 0868
	Email: cs@jrjr.com
	Physical Address: 21/F, Nina Tower 2, 8 Yeung Uk Road, Tsuen Wan, N.T., Hong Kong

JRJR Information

　　JRJR, founded in Hong Kong, is a financial trading platform specializing in precious metals, particularly in spot gold trading. It provides 2 types of accounts and 3 types of trading platforms. But it is unregulated.

Pros and Cons

Pros	Cons
14-year brand history	Unregulated
3 types of trading platform available	Limited asset diversity
Low commissions & fees

Is JRJR Legit?

　　It is clear that JRJR is currently unregulated.

What Can I Trade on JRJR?

　　JRJR offers traders the opportunity to trade gold and silver CFDs, physical gold.

Account Types

　　JRJR offers 2 different types of accounts to traders - Standard Account and Premium Account.

　　Standard Account: Suitable for regular clients, with preferential rates and spreads.

　　Premium Account: Suitable for clients with larger funds or institutional investors, with greater discounts and spreads.

　　Requirement: A standard account can be upgraded to a Premium account with a single deposit of USD 20,000. If the Premium account fails to meet the required trading volume for 90 days, it will be downgraded to a standard account.

JRJR Fees

　　JRJR charges no commissions. But it charges 1.25% swaps for buying and 0.75% swaps for selling. Spot gold's spreads is $20/lot, and Spot silver's spreads is $100/lot.

Produce type	Spot gold XAU/USD	Spot silver XAU/USD
Spreads	$20/lot	$100/lot
Transaction margin	$1000/lot	$650/lot
Swap	Buy: 1.25% (annual interest rate)Sell: 0.75% (annual interest rate)Both buying and selling require payments	Buy: 1.25% (annual interest rate)Sell: 0.75% (annual interest rate)Both buying and selling require payments
Commissions	$0	$0

Trading Platform

　　JRJR's trading platform are MT4, MT5 and a JRJR app, which supports traders on PC, Mac, iPhone and Android.

Trading Platform	Supported	Available Devices	Suitable for
MT4	✔	Web, Mobile	Beginner
MT5	✔	Web, Mobile	Proficient
JRJR App	✔	Web, Mobile

Deposit & Withdrawal

　　JRJR offers 3 deposit methods - RMB online payment, digital wallet payment, bank transfer.

　　JRJR offers 2 withdrawal methods - Cryptocurrencies, domestic or Hong Kong/oversea region bank cards.

Criteria	General Members	VIP Members	Notes
Deposit Fees	None	None	Hassle-free deposits with no associated fees
Withdrawal Amount Below 50	$3 fee	$3 fee	Fixed fee for withdrawals below $50
Unmet 50% Trading Volume	6% fee	6% fee	Fee is based on deposited amount if 50% trading volume not met
Free Withdrawals Per Day	Up to 3	Up to 5	Fee-exempted withdrawals
Additional Withdrawals	6% fee	6% fee	Fee incurred for withdrawals exceeding daily limit
Processing Time for Withdrawal	1 business day	1 business day	After identity checks and verifications