Score
Jones Mutual
Estonia|5-10 years| https://www.jonesmutual.com/#/
Website
Rating Index
Contact
Licenses
No valid regulatory information, please be aware of the risk!
- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
Basic information
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Company Summary
Note: Jones Mutual's official website - https://www.jonesmutual.com/#/ is currently inaccessible normally.
| Jones Mutual Review Summary | |
| Founded | / |
| Registered Country/Region | Estonia |
| Regulation | No regulation |
| Market Instruments | Currency pairs, stocks, indices, precious metals, commodities |
| Demo Account | ✅ |
| Leverage | Up to 1:100 |
| EUR/USD Spread | Floating around 3 pips |
| Trading Platform | WebTrader |
| Min Deposit | / |
| Customer Support | Tel: +44 -131 608 0640 |
| Email: support@jonesmutual.com | |
Janes Mutual is a CFD broker, owned and operated by Greenriver OU, with its registered office in Tallinn, Eisenia. Janes Mutual is not currently regulated in any way, and potential risks cannot be ignored.
Pros and Cons
| Pros | Cons |
| Diverse tradable assets | Inaccessible website |
| Demo accounts | Lack of regulation |
| Popular payment methods | Wide EUR/USD spread |
| No MT4 or MT5 | |
| Withdrawal fee charged |
Is Jones Mutual Legit?
No, Jones Mutual is not regulated by the financial services regulatory authority in Estonia, which means that the company lacks regulation from its registration site. Besides, it was disclosed by The Financial Supervision Authority to be unauthorized. Please note the potential risks!
What Can I Trade on Jones Mutual?
Jones Mutual provides different types of products, including currency pairs, stocks, indices, precious metals, and commodities.
| Tradable Instruments | Supported |
| Currency Pairs | ✔ |
| Stocks | ✔ |
| Indices | ✔ |
| Precious Metals | ✔ |
| Commodities | ✔ |
| Cryptocurrencies | ❌ |
| Bonds | ❌ |
| Options | ❌ |
| ETFs | ❌ |
Leverage
The leverage can be up to 1:100. Traders need to consider carefully, because high leverage is likely to bring high potential risks.
Spread
The EUR/USD spread in Janes Mutual demo account is 3 pips, which is twice the industry average, which means higher trading costs for investors.
Trading Platform
Jones Mutual uses a web-based trading platform, and it does not support MT4 or MT5.
| Trading Platform | Supported | Available Devices | Suitable for |
| WebTrader | ✔ | PC, web | / |
| MT4 | ❌ | / | Beginners |
| MT5 | ❌ | / | Experienced traders |
Deposit and Withdrawal
Jones Mutual accepts several types of payment options, including VISA, MasterCard, and bank wire. Besides, it charges certain amounts of fees.
| Payment Option | Withdrawal Fee | Note |
| VISA/MasterCard | 3.5% | $20 fees are charged if withdrawals are below $100 |
| Bank wire | $20 |
Keywords
- 5-10 years
- Suspicious Regulatory License
- Suspicious Scope of Business
- High potential risk
Disclosure
Investor alerts Information on Kolusha OÜ
Country/Region
Disclosure time
2020-01-10
Disclose broker
Investor Alert List
Country/Region
Disclosure time
2019-10-22
Disclose broker
Investor alerts Information on GreenRiver OÜ (jonesmutual.com)
Country/Region
Disclosure time
2018-11-12
Disclose broker
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