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JINKRA-Overview of Minimum Deposit, Leverage, Spreads

JINKRA | 2024-12-11 10:40

Abstract:JINKRA is a forex and CFD broker registered in the UK, offering trading through MT5 platforms, including forex, precious metals, commodities, and CFDs. Demo account is available and the minimum deposit provided is $500, which is quite high. Besides, JINKRA operates without regulatory oversight from any reputable financial body.

Note: JINKRA's official website - https://jinkraltd.com/ is currently inaccessible normally.

JINKRAReview Summary
Founded/
Registered Country/RegionUnited Kingdom
RegulationUnregulated
Market InstrumentsForex, precious metals, commodities, and CFDs
Demo Account✅
LeverageUp to 1:200
Spread/
Trading PlatformMT5
Min Deposit$500
Customer SupportEmail: support@jinkraltd.com

JINKRA is a forex and CFD broker registered in the UK, offering trading through MT5 platforms, including forex, precious metals, commodities, and CFDs. Demo account is available and the minimum deposit provided is $500, which is quite high. Besides, JINKRA operates without regulatory oversight from any reputable financial body.

JINKRA's homepage

Pros and Cons

ProsCons
Various trading optionsInaccessible website
Demo accountsUnregulated status
MT5 supportedUnclear fee structures
Popular payment optionsHigh minimum deposit
Only email support

Is JINKRA Legit?

No, JINKRA is not regulated currently. Please be aware of the risk!

No license

What Can I Trade on JINKRA?

Tradable Instruments Supported
Forex ✔
CFDs✔
Precious metals✔
Commodities✔
Indices❌
Stocks❌
Cryptocurrencies❌
Bonds❌
Options❌
ETFs❌

Account Type

JINKRA offers two account levels that traders can upgrade to. Account type including Standard and VIP accounts. Moreover, there is a demo account to practice with virtual assets.

Account TypeMin Deposit
Standard $500
VIP $500

Account comparison

Leverage

JINKRA provides a maximum leverage of up to 1:200 for the Standard account, which is solid and suits almost all trading styles.

Trading Platform

Trading PlatformSupported Available Devices Suitable for
MT5✔Desktop, web and mobile (iOS and Android)Experienced traders
MT4❌/Beginners
MT5

Deposit and Withdrawal

JINKRA accepts various payment methods, including major Wire Transfer, MasterCard, VISA, Maestro, and e-wallet processors like Skrill, Neteller, and PayPal. Specific details regarding deposit and withdrawal fees, as well as the processing timeframes are not clear.

LeverageBrokerCurrency PairDealerForex tradingForex Brokerforex pips

Related broker

No Regulation
JINKRA
Company name:JINKRA INTERNATIONAL FINANCE LIMITED
Score
1.41
Website:https://jinkraltd.com/
2-5 years | Suspicious Regulatory License | Suspicious biz area | High potential risk
Score
1.41

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