WikiFX Review: Is JKE a reputed broker or just another scam?

About JKE

JKE International Limited is a brokerage service provider registered in the United Kingdom, offering financial instruments including forex pairs, indexes, and precious metals.

Trading assets available on the JKE platform include currency pairs, indices, and precious metals as well as CFD products.

Regulation: Is JKE legit？

JKE is not a regulated broker based on the investigation of WikiFX. The regulation status of NFA with license number 0542020 is Unauthorized.

Minimum Deposit

In terms of the minimum initial deposit requirement, JKE offers all investors a Standard account which needs 500 US dollars to activate.

Micro Trade Size

The minimum trading volume allowed by JKE is 0.01 standard hand, which sounds friendly to beginners.

Leverage

The trading leverage offered by JKE is up to 1:200. Although this leverage level seems a little conservative, but it can satisfy the most aggressive traders and their trading strategies.

Spreads & Commissions

JKE advertises that it offers discounted spreads but does not specify spreads on a particular instrument. Forex exchange transaction does not charge any commissions.

Trading Platform Available

JKE offers traders the MT4 trading platform, one of the worlds most popular online forex trading terminals.

Deposit & Withdrawal

JKE does not disclose the payment methods it works with. Many other brokers allow their traders to fund their accounts through VISA, MasterCard Credit/Debit Card, Wire Transfer as well as Skrill and Neteller.

Customer Support

JKE offers 5x24 customer support (Sunday-Saturday), and they can be reached through email: service@jkefx.com.

Restricted Regions

JKE is not aimed at residents of British Columbia, Quebec, Saskatchewan, Canada, the Democratic Peoples Republic of Korea (North Korea), Iran, and the United States.

Exposure

WikiFX has received two complaints against this broker recently. These two victims are Japanese. The problem they met is withdrawal rejection. JKE blocks victims withdrawal requests causing huge financial losses for both victims.

Conclusion

There are so many scam brokers around the forex industry. WikiFX advises you to check the details of the broker that you are planning to invest in before making a wise decision. JKE is not a regulated broker and it has a fairly low WikiFX score. It is better for you to find a regulated broker with a high WikiFX score instead.

WikiFX contains details of more than 38,000 global forex brokers, which gives you a huge advantage when seeking the best forex brokers. If you want to know more information about the reliability of certain brokers, you can open our website (https://www.WikiFX.com/en). Or you can download the WikiFX APP for free through this link below (https://www.wikifx.com/en/download.html). Running well in both the Android and IOS systems, the WikiFX APP offers you the easiest and most convenient way to seek the brokers you are curious about.