1. This site uses cookies. By continuing to use this site, you are agreeing to our use of cookies. Learn More.

JadeFX.com

Discussion in 'Forex Brokers' started by Administrator, Nov 2, 2009.

  1. Administrator

    Administrator Just Administrator :-)

    Joined:
    Sep 24, 2007
    Messages:
    6,066
    Likes Received:
    507
  2. Yunko Junkydell

    Yunko Junkydell Recruit

    Joined:
    Mar 13, 2009
    Messages:
    4
    Likes Received:
    0
    I think commisions are expensive

    Here's my thought :
    Suppose my trading strategy is 1 pip gain per trade. (w/EA)
    Their website says they charge .5 pip per Std lot. That means they are taking 50% of my earnings if I trade 1 lot and earn 1 pip!! Actually I've been demo trading and say I earn $3.00 I've seen They take $2.50 and leave only $.50 profit for me. How is that math? I can't figure it out. I think if your strategy is scalping earning a few pips at the time, this commission charges are very high, they won't let you breath. I have never been a big fan of "commission charges", it turns out worst that actual higher spreads in some cases. Also, they don't show you the commissions printed out, you have to figure it out, watch the orders while they are open, otherwise you don't really see how high these charges are unless you pay close attention
     
  3. Jeffrey Thomas

    Jeffrey Thomas Recruit

    Joined:
    Aug 22, 2009
    Messages:
    3
    Likes Received:
    0
    Cost of trading

    Simple answer .8 spread (which goes to the liquidity provider and not the broker) and .5 commision ( which covers the brokers operatioal expenses) Total cost to trade is 1.3 pips and one full lot trade would cost $13 dollars to trade. Compare this to just a 2 pip Dealing Desk Broker whitch equalls $20. Thats a $7 dollar a trade savings. A 1 lot trade a day times 260 market days a year and it looks like this. (260x $7 + $1820 a year savings. I scalp also and trade 4 to 8 trades a day and that equalls a savings of $7280 to $14560 a year savings in cost. You do the math then find the lowest cost broker with great execution and open an account. Or become a broker and rake in the commissions. STP is the way to go!!

    Also your math below is incorrect.
    1 lot tade with 1 pip win would be $10 gain minus $5 commision with $5 gain
    .1 lot trade 1 pip gain would be $1 gain minus $.50 cent commission with $.50 cent win.
    The trade you used as an example below with a $2.50 commision would be a .5 lot trade and and a $3.00 win would would be a .6 pip win and not a full 1 pip win as you suggested is your ea trading strategy.

    QUOTE=Yunko Junkydell;28925]Here's my thought :
    Suppose my trading strategy is 1 pip gain per trade. (w/EA)
    Their website says they charge .5 pip per Std lot. That means they are taking 50% of my earnings if I trade 1 lot and earn 1 pip!! Actually I've been demo trading and say I earn $3.00 I've seen They take $2.50 and leave only $.50 profit for me. How is that math? I can't figure it out. I think if your strategy is scalping earning a few pips at the time, this commission charges are very high, they won't let you breath. I have never been a big fan of "commission charges", it turns out worst that actual higher spreads in some cases. Also, they don't show you the commissions printed out, you have to figure it out, watch the orders while they are open, otherwise you don't really see how high these charges are unless you pay close attention[/QUOTE]
     
  4. velasis

    velasis Recruit

    Joined:
    Dec 14, 2008
    Messages:
    5
    Likes Received:
    0
    I just left their web site ... thought I would check to see if anything new. By golly, they now have a big yellow sign stating that they are accepting only non-US clients.
    Is this for real???
     
  5. hyperbolic

    hyperbolic Private, 1st Class

    Joined:
    Mar 7, 2010
    Messages:
    38
    Likes Received:
    0
    I used JadeFX from February to June. My experience was mostly positive. Establishing and funding the account was straightforward, and withdrawal was prompt. My initial investment nearly doubled in 4 months. Customer service communication was a bit spotty, but more than adequate. Had to leave them when they decided to no longer serve US clients.
     
  6. ClickbankForexRobots

    Joined:
    Jan 27, 2011
    Messages:
    7
    Likes Received:
    0
    Servers still down after 24 hours

    At this stage only the worst can be thought. No response or acknowledgement from them that anything has happened. Have they run off with all our money?
     
  7. ClickbankForexRobots

    Joined:
    Jan 27, 2011
    Messages:
    7
    Likes Received:
    0
    This is an MT4 email I received today. Everything should be just fine. Can't believe the regulators would put so many peoples funds at risk.

     
  8. Horacio Ofman

    Horacio Ofman Recruit

    Joined:
    Jun 17, 2010
    Messages:
    12
    Likes Received:
    0
    Smells like pure Scam

    There is nothing on CFTC site about any current investigation or actions against JadeFX. This thing smells terribly bad. :mad:
    I feel sorry for all of us.
     
  9. LuckyLuke72

    LuckyLuke72 Recruit

    Joined:
    Mar 3, 2011
    Messages:
    2
    Likes Received:
    0
    .. there should be consequences to fraud...

    anyone interested of finding these guys contact me at fibonacci_1972-tempemail1 at yyyaaahoooo dot cccooommm :)
     
  10. qprfc

    qprfc Recruit

    Joined:
    Jul 1, 2010
    Messages:
    2
    Likes Received:
    0
    jadefx

    Hello
    If you are a jadefx member please go to donnaforex/forum because they have a private room to try to help members to get there money back,contact admin and tell them you are a jadefx member.
    Regards
     
: jadefx

Share This Page