JBALPHA

About company:

JB Alpha is an Australian brokerage firm that also provides consulting services in addition to trading.

 

JB Alpha provides retail and institutional investors with access to global markets and a wide range of financial products.

 

Account management and several other services are provided through contractors such as AxiTrader, CommSec, FXCM, Pepperstone, SaxoBank and others.

 

Company. Fund security

JB Alpha is overseen by the Australian ASIC regulator (ABN 76 131 736 415). It is one of the most reputable regulatory agencies in the world. Customers can rest assured that their investments are kept in segregated accounts. This practice reduces the risk of illegal activity on the part of the broker.

 

True, ASIC does not have a scheme to compensate funds for customers. Therefore, in the event of a broker's bankruptcy, traders most likely will not be able to return the invested funds.

 

Trading conditions

JB Alpha offers its clients trading in various financial markets. Traders can choose from CFDs, currency pairs, indices, stocks, commodities, futures, options, etc. A non-standard offer from a broker - trading bonds of companies from Eastern and Central Europe. Clients can buy and sell shares of companies from Romania, Lithuania, Latvia and many others.

 

Despite this variety, the broker does not offer cryptocurrency CFDs.

 

You can open an individual, joint, corporate, trust account.

 

Minimum initial deposit

There is no information on the website about the types of accounts that the broker offers, as well as the minimum deposit. Lack of information on trading conditions, in our opinion, always negatively affects the demand among traders.

 

Spreads and commissions

Through the demo account, we got access to the trading platform. The spread on EUR / USD on the demo version was 0.3 pips. Compared to the industry average of 1.5 pips, this is a very good deal. However, the trader must still account for a $ 50 commission for every ten lots. So, the spread with all trading costs will be 0.8 pips. This is definitely a plus for the broker.

 

Leverage

The amount of leverage depends on the financial instrument, for example, for the EUR / USD pair, the leverage is 1:40. This is significantly lower than what many other brokers offer (1: 500). However, there is now a trend towards getting rid of high leverage offers. Since this entails great losses. If we take into account the fact that the ASIC regulator does not insure investors' money, it becomes quite logical why the broker offers a small amount of leverage.

 

Trading platforms

JB Alpha provides its clients with the Saxotradergo and MT4 / 5 trading platform. Developments from the software company MetaQuotes - MetaTrader 4/5 - are easy to understand, and also have analytical potential: clear charts, trading history, you can add your own indicators.

 

Education

The broker does not publish analytical and news materials, but you can use educational articles. This is especially useful for beginners who are just learning Forex.

 

Support service

The main office is located in Melbourne. The support team works by phone, email, chat and using the feedback form.

 

Pros:

 

regulated broker; selection of trading platforms.

 

Minuses:

 

leverage size; lack of information on trading conditions.