This video is a review of a fairly new broker in the cryptocurrency market. JAFX is actually a Forex broker which allows you to trade Bitcoin and other cryptocurrencies with FOREX rules. This means that they allow you to use Leverage, JAFX offers 1:500 meaning they allow you to borrow or control up to $500 for every $1 in your trading account so the 1 is the margin you need to have in your account to control 500 in the market (example). For those of you who are familiar with traditional FX markets you know the top leverage allowed in the USA is 1:50, JAFX is outside the USA so they can offer more leverage, which can act as a double-edged sword if you do not know how to work with leverage. #Craeful
JAFX also allows you to trade cryptocurrencies 24/7 7 days a week including holidays, which is turning the traditional day trading market upside down especially with the volatility in cryptos like Bitcoin and XRP (Ripple)
I have been using JAFX as a hedging tool against the cryptocurrency markets for about a month now and so far it has been a pleasant experience.
Pros: Crypto and other assets, Leverage, 24/7 Trading, Good customer support (so far), Online trading platform, MT4 Compatible
Cons: Fairly new, Not regulated yet, server issues due to customer volume at times,
If you would like to check out JAFX broker click the link below:
If you would like to buy bitcoin & or Ethereum on debit or credit click the link below and head over to coinmama today:
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Mr. Crypto AKA Satoshi Santos