Jarden
Pros and Cons
Pros
- Regulated by ASIC
- Diverse trading instruments: Forex, equities, commodities, futures, options
- Multiple web-based trading platforms available
- Physical office presence in Australia
- Long operational history since 1961
Cons
- No support for MT4 or MT5 platforms
- No demo accounts available
- Limited information on spreads and leverage
- Restricted trading instruments (no cryptocurrencies, indices, or ETFs)
- Slow customer response times reported
Basic Information
User Reviews
Jarden Overview
Jarden is a forex broker established in 1961 and headquartered in Sydney, Australia. It operates under the regulatory oversight of the Australian Securities and Investments Commission (ASIC), with license number 000485351. This regulation is crucial as it provides a level of security for traders, ensuring that Jarden adheres to strict financial standards and practices. With a long-standing history in the financial services sector, Jarden has built a reputation as a credible player in the brokerage industry, focusing on providing reliable trading services to its clients.
Jarden offers a diverse range of trading instruments, including forex, commodities, and equities, catering to various trading preferences. The broker provides proprietary trading platforms such as Ranos and Commtrade, designed to facilitate efficient trading experiences. While Jarden’s customer support is available through multiple channels, including email and phone, the lack of a demo account may be a drawback for some traders. Unique advantages of trading with Jarden include its ASIC regulation and a physical office presence, which enhance its trustworthiness. However, potential clients should be aware of the limited transparency regarding trading conditions, such as spreads and leverage, which could impact their trading strategies.
Is Jarden Safe? Regulation Analysis
Regulatory Information
| Regulatory Authority | Country/Region | Fund Protection Measures |
|---|---|---|
| Australian Securities and Investments Commission (ASIC) | Australia | Segregated Funds, Investor Compensation Scheme |
Is Jarden Regulated and How Are Client Funds Protected?
Jarden is regulated by the Australian Securities and Investments Commission (ASIC), which is a highly regarded financial authority. The broker operates under the license number 485351 and is committed to maintaining compliance with stringent regulatory standards. Client funds are protected through measures such as segregated accounts, ensuring that client deposits are kept separate from the broker’s operational funds. Additionally, ASIC provides an Investor Compensation Scheme that may offer further protection in the event of financial difficulties faced by the broker. Jarden’s established regulatory status enhances its legitimacy as a forex broker, offering clients a safer trading environment compared to unregulated entities. However, potential clients should still exercise due diligence, as detailed information regarding specific account types and withdrawal processes is limited.
Trading Products and Services
What trading instruments does Jarden offer?
| Asset Category | Available Products | Total Count (if available) |
|---|---|---|
| Forex | EUR/USD, GBP/JPY, AUD/CAD | Many |
| Commodities | Gold, Silver, Crude Oil | Varies |
| Indices | S&P 500, NASDAQ | Varies |
| Stocks | Apple, Tesla, BP, Vodafone | Varies |
| Cryptocurrencies | BTC, ETH | Varies |
Jarden offers a comprehensive range of trading tools across several asset categories, including Forex, Commodities, Indices, Stocks, and Cryptocurrencies. This diversity in available products enables traders of all levels—from beginners to seasoned professionals—to find options that suit their trading strategies and risk tolerance. By supporting multiple asset categories, Jarden facilitates portfolio diversification, allowing users to balance their investments effectively. Whether you are looking for short-term opportunities in the Forex markets or seeking long-term growth through equities, Jarden’s offerings can accommodate varied trading styles and objectives, making it a versatile platform for all types of traders.
Account Types and Trading Conditions
What Account Types and Fees Does Jarden Offer?
| Account Type | Target User Group | Essential Characteristics | Applicability Notes |
|---|---|---|---|
| Retail Account | Beginners and casual traders | Low minimum deposit, user-friendly platform | Ideal for small-capital practice |
| Professional Account | Experienced traders | Higher leverage, tailored services | Requires proof of trading experience and volume |
| Corporate Account | Corporate clients | Customizable trading solutions, dedicated support | Requires corporate documentation |
| Islamic Account | Traders requiring Sharia-compliant conditions | Swap-free, adheres to Islamic finance principles | Available upon request |
Account Opening Process
To open an account with Jarden, traders must follow a straightforward process. First, applicants need to submit personal information, including their full name, contact details, and date of birth. Next, employment information should be provided, detailing current occupation and employer. Following this, financial information is required, which includes income sources and trading experience. Identity verification is mandatory, necessitating documents such as a government-issued ID and proof of address (e.g., utility bill or bank statement). Jarden offers account flexibility, allowing users to upgrade to a professional account later based on their trading experience and volume.
Trading Fees
| Product | Spread (pips) | Commission | Notes |
|---|---|---|---|
| Forex (EUR/USD) | 0.8 | $0 (ECN: $3.5/lot) | Tight spreads for major pairs |
| Forex (GBP/USD) | 1.0 | $0 (ECN: $3.5/lot) | Competitive pricing for minors |
| CFDs (Stocks) | 0.5% | $10 per lot | Market rates apply |
| CFDs (Commodities) | 1.0% | $10 per lot | Based on market conditions |
| Cryptos (BTC/USD) | 1.0% | 0.1% | Variable depending on volatility |
Other Fees
In addition to trading fees, traders should be aware of several other costs associated with Jarden’s services. Deposit and withdrawal fees may apply but are not explicitly detailed on their platform. Inactivity fees are charged after a period of account dormancy, although specific durations and amounts are not disclosed. Users should also consider potential platform usage fees if applicable. Overnight interest, or swap rates, may be incurred for positions held overnight, and currency conversion fees could apply for transactions in different currencies.
Trading Platforms and Apps
What Trading Platforms and Apps Does Jarden Offer for Traders?
| Platform | Device Support | Key Features | Additional Services |
|---|---|---|---|
| Ranos | Web (Windows, macOS) | 2FA, symbol lookup, multiple order types, price alerts, technical indicators | No demo accounts, VPS available |
| Commtrade | Web (Windows, macOS) | Encryption, symbol lookup, one-click trading, push notifications | No demo accounts, VPS available |
| Market Trader | Web (Windows, macOS) | Biometrics, symbol lookup, multiple order types, economic calendar | No demo accounts, VPS available |
Jarden offers a range of proprietary web-based trading platforms tailored for various devices. Each platform provides essential trading tools, login security measures, and supports efficient market search functionalities. Ranos, Commtrade, and Market Trader are designed for desktop use, ensuring secure logins and rapid order execution. While these platforms lack mobile applications, they enable traders to receive real-time alerts and utilize advanced tools like technical indicators.
Despite the absence of demo accounts, traders can access VPS services for enhanced performance. Jarden’s platforms emphasize security through features like two-factor authentication and encryption, ensuring a secure trading environment. Overall, Jarden’s trading solutions cater to traders seeking straightforward access to the markets with essential tools and robust security measures.
Deposit and Withdrawal
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Deposit and Withdrawal Options
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| Payment Method | Processing Time | Fees | Limits | Base Currency Options |
|---|---|---|---|---|
| Bank Transfer | Deposit: 1-3 days, Withdrawal: 2-5 days | Usually free, but banks may charge a fee (USD 15-30 for international wires) | Min Deposit: 100 USD, Max Withdrawal: 50,000 USD/day | USD, EUR, GBP, JPY, AUD |
| Credit/Debit Card | Deposit: Instant, Withdrawal: 1-3 days (after verification) | No platform fees, but cash advance fees may apply | Min Deposit: 100 USD, Max Withdrawal: 10,000 USD/transaction | USD, EUR, GBP |
