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0 1 2 3 4 5 6 7 8 9
0 1 2 3 4 5 6 7 8 9
/10

SJFX

Saint Vincent and the Grenadines Saint Vincent and the Grenadines | 5-10 years |
Questionable Regulatory License | Suspicious Operational Region | High Potential Risk

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Website

Rating Index

Regulation 2.69 Tech 4.61 Reputation 2.66 Business 7.08 Risk Control 2.88 / 0.17
2.01

Contact

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license Forex License

No forex trading license found. Please be aware of the risks.

Warning: Low score, please stay away!
  • This broker lacks valid forex regulation. Please be aware of the risk!
2

Basic Information

Registered Region
Saint Vincent and the Grenadines
Operating Period
5-10 years
Company Name
ShineJoin Markets
Email
support@shinejoinmarkets.com
Company Website
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Verified Site
About Us
Wiki Q&A
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Official Website

Verified Site

  • shinejoinmarkets.com
    23.20.239.12
    Server Location
    United States United States
    ICP Registration No.
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    Top Visitor Locations
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    Creation Date
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    Website Name
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    Company
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Company Profile

Company Profile

Review summary

Since Shinejoin Marketss official website (https://shinejoinmarkets.com/) no longer works, we could only piece together the rough picture of this brokerage house by gathering some relevant information from other websites.

basic-info

General Information

Registered in the Saint Vincent and the Grenadines, Shinejoin Markets presents itself as a forex broker providing trading-related service. Shinejoin Markets has mentioned nothing about he company behind it, even its name. There is no contact number either, only an address in Saint Vincent and the Grenadines (SVG), an offshore place where forex brokers are not regulated.

Of course, Shinejoin Markets is not subject to any regulation to show it operates legally. Please be aware of the risk.

Minimum Deposit

Shinejoin Markets seems to offer all investors one Standard account, with the minimum deposit to open this account not disclosed.

Leverage

Shinejoin Markets allows its clients to use leverage of up to 1:100, higher than the levels regarded appropriate by many regulators, with the maximum leverage for major forex up to 1:30 in Europe and Australia, and 1:50 in Canada and U.S.

Since leverage can magnify gains as well as losses, it can also cause serious fund losses, especially to inexperienced traders. Therefore, it is wise for beginners to choose the smaller size no more than 1:10 until they gain more trading experience.

Spreads & Commissions

Actually, Shinejoin Markets does not disclose its trading conditions offered. The only thing mentioned on SJFX‘s website is a spread from 0.7 pips on EUR/USD pair, which proved to be incorrect. Through the demo account on the MT5 trading platform, the spread on the EUR/USD was fixed at 3 pips, which is significantly higher than the industry’s average.

Trading Platform

Shinejoin Markets provides access to the industry-leading MT5 trading platform, which can be accessed on any device, Windows, Desktop, IOS, and Android. The MT5 trading platform allows one-click operations for opening and closing trades, setting stops and entry limits, placing direct orders, setting and editing limit and stop loss, as well as charting.

trading-platform

Customer Support

As an unregulated offshore forex broker, Shinejoin Markets provides the poor customer service, and clients with any inquiries or trading-related issues can only get in touch with this broker through an email: support@shinejoinmarkets.com.

Risk Warning

Trading leveraged products such as forex, cryptocurrencies and derivatives may not be suitable for all investors as they carry a high degree of risk to your capital. Please ensure that your fully understand the risks involved, taking into account your investments objectives and level of experience.

The information presented in this article is intended solely for reference purposes.

Company Profile

  • 5-10 years
  • Questionable Regulatory License
  • Suspicious Operational Region
  • High Potential Risk

Wiki Q&A

Is SJFX safe and reliable?

SJFX is not considered safe or reliable from a regulatory standpoint. According to WikiFX data, the broker holds a core score of 1.58, which is very low. It operates without a valid forex trading license from any major financial authority, meaning there is no regulatory oversight or investor protection. Traders face a high-risk profile.

07-17
United States

Is SJFX regulated?

No, SJFX is not regulated. It does not hold any licenses from recognized regulators such as the FCA, ASIC, or CySEC. The broker is registered in Saint Vincent and the Grenadines, a jurisdiction that does not require forex brokers to obtain a financial services license.

07-17
United States

What is the minimum deposit of SJFX?

The minimum deposit for SJFX is not publicly disclosed. Prospective traders should contact the broker directly or check the account opening page for this information.

07-17
United States

Does SJFX support MT4 or MT5?

There is no publicly available information indicating whether SJFX supports MetaTrader 4 or MetaTrader 5. Traders are advised to verify with the broker's customer support.

07-17
United States
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※ WikiFX compiles data from publicly available sources and user contributions. While we endeavor to maintain its accuracy, we do not warrant the information's completeness, accuracy, or timeliness, as it may become outdated. Investors are strongly advised to verify critical details with official sources before making any decisions.
You are visiting the WikiFX website. WikiFX Internet and its mobile products are an enterprise information searching tool for global users. When using WikiFX products, users should consciously abide by the relevant laws and regulations of the country and region where they are located.
consumer hotline:006531290538
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