Jetvix is a newly established Forex and CFD broker that attracts traders from all other the world. There are no commissions with this broker, and the spreads are tight. Traders can access various financial instrument classes, such as currency pairs, commodities, crypto CFDs (Contracts for Difference), indices, and stocks as CFDs.
Maximum available leverage is 500:1, which means that with a 10 USD minimum deposit, traders get to manage 5,000 USD worth of assets. On the downside, there’s no regulator that supervises the broker, and desktop trading software is also not available. Let’s learn more about the broker. We’ll discuss important topics such as safety, promotions, tradable instruments and more.
Safety and security of your funds
When it comes to safety it’s important to find a broker that you can trust. In our reviews we focus on two major aspects that indicate the level of security: broker’s reputation, and regulations. Unfortunately, Jetvix is not regulated by any regulator yet. In addition, the broker is very young and inexperienced.
Reviewing Jetvix trading assets
There are over 140 tradable instruments available for trading, including: currency pairs, commodities, crypto CFDs (Contracts for Difference), indices, and stocks as CFDs. There are no commissions and the spreads on EUR/USD start from 1 pips.
There major, minor, and exotic Forex pairs available for trading, such as:
- Euro vs US Dollar
- Great Britain Pound vs US Dollar
- Canadian Dollar vs Swiss Franc
- US Dollar s South African Rand
- US Dollar vs Mexican Peso etc.
In addition, there are popular crypto CFDs (Contracts for Difference). Keep in mind that CFDs are not generally viewed as tools for long term investing. CFDs are traded by market speculators. The broker offers 26 crypto derivatives, such as:
- Bitcoin vs US Dollar – BTC/USD
- Ethereum vs US Dollar – ETH/USD
- Cardano vs US Dollar – ADA/USD
- Ripple vs US Dollar – XRP/USD and more.
Furthermore, there are global indices available for trading, such as:
- Xetra DAX40 Index – DAX/EUR
- UK FTSE100 Index – FTSE/GBP
- Dow Jones Industrial Average 30 Index – DJI/USD
- S&P 500 – SPX/USD
- Nasdaq 100 Index – NDX/USD
- Nikkei 225 Index – NIK/JPY.
Indices are also referred to as indexes and they help traders measure health and fitness of certain economies and industries. The broker only offers 6 indices for trading, which is too few compared to competitors.
There are 8 commodity pairs available for trading on Jetvix’s platform. Commodities are raw materials that can be mined or farmed. The list if available commodity pairs includes:
- Gold vs US Dollar – XAU/USD
- Gold vs Euro – XAU/EUR
- Silver vs US Dollar – XAG/USD
- Silver vs Euro – XAG/EUR
- Palladium vs US Dollar – XPD/USD
- Platinum vs US Dollar – XPT/USD
- US WTI Crude Oil – WTI/USD
- UK Brent Crude Oil – BRN/USD
The broker also offers stock CFDs of popular companies, such as Apple, Amazon, eBay, Ford Motors Company, Coca-Cola Company, Walt Disney Company, American Express, and more. Trading CFDs on stocks enable traders to go long or short and use leverage. While these options are not available when investing in physical or also known as real stocks. On the other hand, physical stocks are used for investing long term.
While the number of assets is limited at Jetvix, the broker has managed to include all the most important assets in its portfolio. Furthermore, trading fees are very low. Spreads are minimal and there are no commissions.
Jetvix offers generous promotions to its clients. However, it’s important to note that these bonuses come with certain terms and conditions. To be able to withdraw the bonus, certain trading requirements need to be met.
100% deposit bonus
The 100% deposit bonus is a welcome bonus for newly registered traders. To partake in the promotion, you must initiate a deposit into your Real Account on the Jetvix trading platform within the designated Promotion Period. Additionally, opt for the ‘Get bonus’ feature while executing the deposit transaction.
Each participant in the promotion gets a bonus in their live trading account on the Jetvix platform. If traders make a deposit within 24 hours from their registration, they receive a bonus equal to 100% of the deposited amount. For deposits made after the first 24 hours, the bonus is 50% of the deposited amount.
It is required to complete the mandatory turnover to be able to withdraw the bonus. The number of turnover is based on the following formula: Number of lots = bonus amount/2. The calculation of lots begins from the moment the bonus is credited to the participant’s account.
The respawn function can only be used once. Each participant who has not withdrawn funds, either in full or in part, is able to utilize the “respawn” funcion on the Jetvix trading platform. Upon activation, the participant’s account balance is adjusted to equal the maximum deposit amount, capped at $500. This action automatically closes all open positions and resets any active bonuses associated with the account.
Jetvix’s trading platforms
Jetvix offers a modern looking trading platform with a user-friendly interface. Unfortunately popular trading platforms from third party developers such as MetaTraders, and cTrader aren’t available. Furthermore, there’s no desktop version available and traders can only use web based and mobile trading apps.
Customer support at Jetvix
When it comes to customer support, the broker is reachable only via email. There are no phone calls available and the live chat option is missing. Customer support helps traders get informed and overcome technical issues quickly. The lack of a live chat option is a huge downside.
On the upside, the main page of Jetvix is available in 3 languages: English, Portuguese, and indonesian. Overall, we can say that the customer service with this broker needs improvements.
To sum it all up, Jetvix is a global broker that offers various asset classes for trading, such as Forex, stocks as CFDs, cryptos, commodities, and indices. Maximum available leverage is 500:1. The minimum initial deposit required to open a live account is 10 USD. There are no account types to choose from. The biggest downsides of the broker include: lack of regulations, lack of third party popular platforms, lack of live chat option, and lack of experience. For these very reasons, we don’t recommend Jetvix to our readers.