Wikilix
Licence record

SFC licence BQF903

Holder
JRFX
Jurisdiction
Hong Kong
Last checked
Aug 14, 2026

This is Wikilix's record of a licence issued by Securities and Futures Commission. It sets out what the register says, what we checked, and what the authority's own rules protect.

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RecordModified Sep 7, 2026

Licence Verification Record

Securities and Futures Commission BQF903

Wikilix read the SFC register on Aug 14, 2026. This is what it said.

Issuing authority
Securities and Futures Commission
Holder
UP WAY GLOBAL MARKETS
Jurisdiction
Hong Kong
Register status
Claimed SFC licence of a group affiliate; does not cover the JRFX retail product
Checked

Checked Aug 14, 2026

A licence record describes what an authority published. It is not an endorsement, and Wikilix does not issue authorisations.

wikilix.com/licenses/securities-and-futures-commission/jrfx/bqf903Fields on file 5 / 11

Open JRFXAbout SFC
Our check
Checked

What we checked

Nobody has adjudicated this licence yet. It is recorded here as claimed, not as confirmed.

Wikilix check
Not checked
Authority strength
Tier 1
Jurisdiction
Hong Kong
Last checked
Aug 14, 2026
Register says
Claimed SFC licence of a group affiliate; does not cover the JRFX retail product

Finding

CE No. BQF903 (Type 1 dealing and Type 4 advising) claimed for a group affiliate, Up Way Securities. This is a different legal entity and activity from the JRFX retail forex business and does not cover JRFX CFD clients. Not independently verified this run. Client protection: Does not extend to JRFX retail CFD clients.

A licence record describes what an authority published. It is not an endorsement, and Wikilix does not issue authorisations.
The register

What the authority publishes

Printed as the register prints it. A field that is missing here is one nobody has recorded, not one the register leaves blank.

Licence number
BQF903
Register status
Claimed SFC licence of a group affiliate; does not cover the JRFX retail product
The authority

About SFC

Securities and Futures Commission is the authority that issued this licence, and the jurisdiction it applies in is Hong Kong.

Full name
Securities and Futures Commission
Jurisdiction
Hong Kong
Strength
Tier 1The strictest regimes: high capital requirements, segregated client money and a compensation scheme.
Established
1989
Oversight
A government or statutory body
Firms we track under it
189 firms
Regulates
forex, Stocks, Derivatives, Securities, Futures
Licences it issues
Type 3 Leveraged FX, Type 1 Dealing in Securities
Typical cost of a licence
HKD 500000+
Public register
Searchable by the public
Transparency
High
Protection

What this licence protects

SFC's own rules for the firms it authorises.

  • No compensation schemeNo mandatory insurance (but strict fund segregation)
  • Client money kept separate
  • Negative balance protection
  • Complaints routeSFC Complaints / FDRC
  • Maximum leverage1:13
This describes the authority's regime, not how JRFX applies it.
The holder

Who holds this licence

The licence above is recorded against JRFX. A licence is issued to a legal company, so the companies below are what you would search a corporate register for.

Broker
UP WAY GLOBAL MARKETS
Based in
New Zealand
Wikilix score
49.5the firm’s overall score, not a rating of this licence

Wikilix records JRFX as having no regulation on file. That is a finding about the firm, not about this licence — the register’s own wording above is what states this entry’s standing.

Recorded companies

None of these matches the name the register printed, so we do not say which one holds this licence.

  • JR GLOBAL MARKETS LIMITEDNew Zealand
  • UPWAY GLOBAL MARKET (UK) LIMITEDUnited Kingdom
Provenance

Where this record came from

Every date below has already happened. We do not publish a promised next-update date, because we do not schedule per-licence re-checks.

Last checked by Wikilix
Record last edited
When this entry was last changed in our database, which may be a correction rather than a change at the register.
Wikilix records what an authority published. It does not issue or endorse authorisations.
Frequently Asked Questions

Questions about this licence

Answered from this register entry and the authority’s own record.

Most Popular Questions
Yes, withdrawals and deposits at JRFX are subject to verification and compliance checks, which implies that KYC (Know Your Customer) procedures are in place. This is standard practice to comply with regulatory requirements and to prevent fraud.
JRFX supports deposits and withdrawals via bank transfer, credit/debit cards, e-wallets, and cryptocurrencies like USDT and DOGE. The broker does not charge fees for these transactions, but third-party fees such as bank charges, card issuer fees, or blockchain network fees may apply. Processing times typically range from 1 to 3 days.
The minimum deposit amount at UP WAY GLOBAL MARKETS is 100 USD. The broker offers a maximum leverage of up to 1000, which is significantly higher than the FCA's regulated leverage limit of 30, indicating different leverage conditions may apply depending on jurisdiction or account type.
JRFX offers the MetaTrader 4 trading platform, which supports desktop use and is known for advanced charting, automated trading via Expert Advisors, and reliable execution. This platform is widely used for Forex and CFD trading.
UP WAY GLOBAL MARKETS is regulated by the UK Financial Conduct Authority (FCA), a tier 1 onshore regulator. It offers client fund insurance up to £85,000 under the Financial Services Compensation Scheme (FSCS).
Licence BQF903 was issued by Securities and Futures Commission (SFC), the financial authority for Hong Kong.
JRFX holds this SFC licence. A licence on record means the authority published an entry; it is not an endorsement.
We located this entry on the SFC register. Note that confirming a register ENTRY is not the same as confirming a live licence — the register’s own wording on this page is what states its current standing.
Wikilix rates SFC tier 1 — the strictest band, with high capital requirements, segregated client money and a compensation scheme.
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