Legal

Legal & risk
disclosure.

Company identification

JAFX (PTY) LTD (trading as JAFX) is a private company incorporated in the Republic of South Africa, Registration No. 2021/620382/07.

Address: 1st Floor, Sandton Gate, 7 Minerva Road, Glenadrienne, Sandton, 2196, South Africa.

Contact: support@jafx.com · Tel: +27 83 452 8577

Compliance contact: info@jafx.com

Regulatory status

JAFX (PTY) LTD is an authorised Financial Services Provider (FSP No. 52058) regulated by the Financial Sector Conduct Authority (FSCA) of South Africa, licensed as a Category I Financial Services Provider under the Financial Advisory and Intermediary Services Act, 2002 (Act No. 37 of 2002). JAFX was authorised on 10 February 2022.

JAFX (PTY) LTD is authorised to render intermediary services in respect of the following financial products:

  • Shares
  • Money market instruments
  • Derivative instruments
  • Long-term deposits
  • Short-term deposits

The licence does not include an advice permission. JAFX does not give advice, make recommendations, or manage accounts on behalf of clients. Nothing on this website or on the JAFX platform is a personal recommendation, and no information published by JAFX takes account of any individual's circumstances.

JAFX is your counterparty on every position you hold and holds client funds in a separate designated client account. JAFX's liquidity provider executes the corresponding trades and accepts no responsibility to clients. Full particulars are in our terms and conditions.

The FSCA can be contacted via its call centre on 0800 20 37 22 or at www.fsca.co.za.

Risk warning

Trading leveraged derivatives with JAFX carries a high risk of losing money rapidly. It is not suitable for everyone. Read this before you open an account.

You are not buying currency. You are entering a leveraged contract with JAFX that references a price. Positions are cash-settled and roll over daily with a financing charge. No currency, share, commodity or index is ever delivered to you.

Leverage up to 1:500. At 1:500 a position five hundred times the size of your deposit can be opened, and a price move of 0.2% against you removes the margin supporting it. Leverage multiplies losses exactly as it multiplies gains.

Margin call at a margin level of 100%. When your equity falls to the amount of margin required for your open positions, you are called for more margin.

Stop-out at a margin level of 70%. When your equity falls to 70% of the margin required, JAFX begins closing your open positions without further notice to you. In fast markets positions may close at prices materially worse than you expect, and closing them does not guarantee your loss stops at that level.

There is no negative balance protection. Your losses are not limited to the money you deposit. If the market gaps against you, your account can go negative and you will owe JAFX the shortfall. Do not trade with money you cannot afford to lose, and understand that the amount you can lose is not capped by your deposit.

We are your counterparty. JAFX is the counterparty to your positions, quotes the price you trade at including our own mark-up, sets your margin and decides when your positions are closed. Our commercial interest in your trade is opposed to yours.

Your orders are executed by our liquidity provider, not on an exchange. Prices come from our liquidity provider with a JAFX mark-up applied. You have no claim against the liquidity provider. See our terms and conditions.

Costs are charged on every trade. The mark-up in the spread is paid when you open and when you close, and positions held overnight carry a financing charge. See our costs page.

No advice. JAFX holds no advice permission and gives no advice or recommendations. Nothing on this website or platform takes account of your circumstances. If you are in any doubt, consult an independent financial adviser.

Past performance of any instrument, system or method is not a reliable indicator of future results.

Jurisdiction disclaimer

JAFX (PTY) LTD offers its services only in jurisdictions where it may lawfully do so.

We do not offer our services to residents of the United States of America, Canada, the United Kingdom, the European Economic Area, or any other jurisdiction where the offering or use of our services would be contrary to local law or regulation, or where JAFX (PTY) LTD would be required to hold a licence, registration or authorisation that it does not hold.

The information on this website is not directed at, and does not constitute an offer or solicitation to, any person in any jurisdiction in which such an offer or solicitation is not authorised, or to any person to whom it would be unlawful to make such an offer or solicitation. Persons who access this website do so on their own initiative and are responsible for compliance with applicable local laws and regulations.