Overall JFD Broker is a trustworthy and low-risk broker with a high overall rating of 8.7 out of 10. JFD Broker is authorized and regulated by CySEC and offers leverage up to 1:30.
JFD Brokers at a glance
| ? Broker’s Name | JFD Brokers |
| ?️ Headquarters | Limassol, Cyprus |
| ? Year Founded | 2011 |
| ⚖️ Regulating Authorities | CySEC, BaFIN |
| ? Countries not accepted for trade | United States |
| ☪️ Islamic account (swap-free) | No |
| ? Demo Account | Yes |
| ✴️ Institutional Accounts | Yes |
| ??? Managed Accounts | Yes |
| ⬆️ Maximum Leverage | 1:30 |
| ? Minimum Deposit | $500/R7 350 |
| ? Deposit Options | Bank wire transfer SafeCharge Skrill Neteller SOFORT |
| ? Withdrawal Options | Bank wire transfer SafeCharge Skrill Neteller SOFORT |
| ? Platform Types | MetaTrader 4+, MetaTrader 5+ |
| ? OS Compatibility | Windows, Mobile, Web, iPhone, iPad PC and Mac OS, mobile for Android and IOS |
| ? Tradable assets offered | Forex, metals, stock, ETFs, cryptocurrencies |
| ? Languages supported on Website | Multilingual |
| ? Customer Support Languages | Multilingual |
| ⏲️ Customer Service Hours | 24/5 |
| ? Open an Account | ? Click Here |
JFD Brokers Review – 22 key points quick overview:
JFD Brokers Overview
According to research in South Africa, JFD Brokers is a multiple award-winning brokers founded in 2011. The company is headquartered in Limassol, Cyprus. It has offices in Germany, Spain, Bulgaria, and Vanuatu.
The company offers a great selection of trading opportunities for beginner and professional customers alike. The company offers advantages such as no requotes, direct access to the best bid or asking prices, 100% anonymous orders, and complete transparency.
JFD Brokers makes use of advanced technology, and real interbank spreads and offers ultra-fast execution in the range of milliseconds, resulting in anonymous and unconditional access to the interbank market.
Customers have access to Forex, indices, commodities, stocks, cryptocurrencies, precious metals as well as ETFs and ETNs.
JFD Brokers prioritizes solid customer relationships, as its success depends on the customer’s success. It offers commission-free retail trading and an award-winning research team.
JFD Brokers Safety and Security
JFD Brokers is registered and licensed to operate under strict rules and regulations. The company is licensed, authorized, and regulated to provide investment advice, portfolio management, securities and execution services, as well as investment and banking services.
The company is authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC), the Vanuatu Financial Services Commission (VFSC), the Federal Financial Supervisory Authority (BaFin), and the Deutsche Bundesbank.
JFD Brokers is MiFID II compliant in Europe under the Investment Services and Regulated Market Law of 2017 and is registered with approximately 30 countries worldwide.
Customer funds are segregated and kept separate from the company’s funds. Financial reports are audited by some of the best financial auditors.
Customer investments are of high priority and deposited with British and German banks such as Wirecard Bank Germany and Barclays UK. These funds cannot be used in the unlikely event of the company declaring bankruptcy.
JFD Brokers is also a member of the Investor Compensation Fund, which is a further guarantee for customers.
The company is restricted to offer investment services to residents of the United States of America, Russia, and other countries with certain regulations.
JFD Brokers Sign-up Bonus
JFD Brokers does not offer a welcome bonus to new traders who choose to register for a real account with the broker.
The broker is highly regulated in the European Economic Area and elsewhere and falls under the auspices of both the Cypress Securities and Exchange Commission (CySEC) in Cyprus and BaFIN in Germany.
Both are reputable regulators that oversee financial practices in line with MiFID regulations pertaining to financial investment and customer protection.
These regulators recently made the decision to restrict the offering of broker bonuses to traders within the European Economic Area, as part of broader extended client protection measures.
As such, greater attention has been given to protecting beginner and smaller retail traders from overtrading and other losses.
As a general explanation, a bonus can be best understood as a way of compensating traders for having decided to open an account with a chosen broker.
Once an account has been opened with a Forex broker, clients will have access to trading of currency pairs, and will therefore have to incur some expense for this trading. The bonus is just a way for the broker to reward the trader’s choice and give all or some of these expenses back to the trader.
There are traders who specifically seek out bonuses to enhance their trading potential. Such traders should look to non-EU-regulated brokers to receive these bonuses.
JFD Brokers Minimum Deposit
The minimum deposit amount required to open a broker account with JFD B Minirokers is $500/R7 350 units in the base currency of your JFD account.
This is not the lowest minimum deposit when compared to many other brokers in the industry, with most averaging between $10 and $100 to open an account.
JFD Brokers Step by step guide to deposit the minimum amount
To deposit funds into your account, you will need to take the following steps:
Step 1 – Log in
- Log into the accounts area on the broker’s website
Step 2 – Transfers
- Select the option to Deposit
Step 3 Finalize
- Select your preferred deposit method, whether by wire transfer, credit card, or debit card
- Confirm your deposit amount
JFD Brokers Account Types
The account types from JFD Brokers are divided into Personal Accounts and Corporate Accounts. With Personal Accounts, traders can choose between a standard Personal Trading Account or a Personal Managed Account.
With corporate accounts, traders can choose between a standard Corporate Trading Account or a Corporate Managed Account.
The broker does not offer an Islamic Account for Muslim Traders. The broker does offer a demo account for new traders to test out the trading features on the platform.
JFD Brokers Account Features
All the accounts from JFD Brokers will have the following features:
| ?JFD Brokers Account | ?standard Personal Trading Account | ?Personal Managed Account | |
| ? Minimum deposit | $500/R7 350 | $500/R7 350 | |
| ? Spreads | from 0.7 pips | from 0.7 pips | |
| ? Base currencies | EUR, USD, GBP | EUR, USD, GBP | |
| ? Minimum lot | from 0.01 | from 0.01 | |
| ? Maximum leverage | 1:30 | 1:30 | |
| ? Trading platform | MetaTrader 4+, MetaTrader 5+ | MetaTrader 4+, MetaTrader 5+ | |
| ? Commission | Yes | Yes | |
| ☪️ Swap-free account | No | No | |
JFD Brokers Islamic Account
Unfortunately, JFD Brokers does not offer an Islamic Account for traders of the Muslim faith. This is a drawback for such traders as these accounts fulfill a significant role, which is described in more detail below.
Also known as ‘no swap accounts’, Islamic trading accounts allow Muslims to engage in online forex trading in compliance with Sharia law.
With 25% of the world’s population practicing the Islamic faith, Islamic forex trading has continued to gain popularity worldwide.
An Islamic Forex trading account charges no swap or rollover interest on positions held overnight in the forex market. An administration fee is, however, charged on some accounts to open positions.
JFD Brokers Demo Account Features
The demo account from JFD Brokers comes funded with virtual currency, allowing traders to test the broker’s features on the trading platform before deciding to sign up for a live account.
The demo account from JFD Brokers is funded with virtual currency, allowing you to test out the broker’s trade features in a risk-free environment.
With the free demo account, traders will be able to practice trading in the MetaTrader 4 or MetaTrader 5 platforms, depending on their selection. As such, this will give users access to the following features:
Trading Tools
A Wide Variety of Indicators and EAs for free and from paid 3rd Parties
Chart History
Backtesting
How to set up a JFD Brokers Demo Account – Step by Step
Opening a demo account with JFD Broker is a straightforward process that will consist of the following steps:
Step 1 – Open Your Account
- Navigate to the Account Opening page on the broker’s website.
Step 2 – Fill out the form
- Select the option to open a demo account from the dropdown sheet.
- Complete the provided online registration form by giving your full name, contact details, email, and country of residence.
- Select your preferred account currency. You can choose from USD, EUR, GBP, and CHF.
- Select your preferred deposit amount. This will fund your account with virtual currency.
- Read and accept the company’s terms and conditions.
- Click “Register” to submit your application.
Step 3 –Go to your email
- You will then receive an email with a download link to the broker’s trading platforms. After installing it, you can start testing JFD’s unique trading conditions right away.
A forex demo account is also referred to as a practice account, which is used for practicing trading or to test a new trading strategy without any risk to actual money. A forex demo account is also intended for beginners to get familiar with the various aspects of trading.
As such, a demo account will allow traders to learn how to place orders, and manage existing trade positions as well as more advanced functions such as testing or fine-tuning a trading strategy.
If you are new to trading, then it is highly recommended that you first open a forex demo account until you are comfortable with both your trading strategy as well as the intended trading platform itself.
JFD Brokers Trading Platforms
JFD Brokers offers its customers three different trading platforms that provide trading history in charts, active orders chart display, swap rates information, free platform setup, and mobile app access.
MetaTrader 5
MetaTrader 5 is the most popular trading platform in the world and offers added features. This latest version’s features and advantages include:
Markets: More than 1 500 symbols in 8 asset classes
Execution: 100% DMA/STP and 100% anonymity
Minimum deposit: 500 EUR/USD/GBP/CHF
Languages: Top 30 most common languages
Add-ons/widgets/tools
Technical and fundamental analysis tools
One-click trading
Chart trading
EAS/Automated trading support
Physical stocks
MetaTrader 4
MetaTrader 4 is one of the world’s most used retail platforms. Its features and advantages include:
Markets: More than 500 symbols in 8 asset classes
Execution: 100% DMA/STP and 100% anonymity
Minimum deposit: 500 EUR/USD/GBP/CHF
Languages: Top 40 most common languages
Add-ons/widgets/tools
Technical and fundamental analysis tools
One-click trading
Chart trading
EAS/Automated trading support
Guidance
JFD Brokers is one of the few brokers that offer Guidance, one of the most popular German platforms. This third-party platform’s features and advantages include:
Markets: More than 1 500 symbols in 8 asset classes
Execution: 100% DMA/STP and 100% anonymity
Minimum deposit: 500 EUR/USD/GBP/CHF
Languages: German
Add-ons/widgets/tools
Social tools
Interactive trading
Technical and fundamental analysis tools
One-click trading
Chart trading
Trading from external applications
Physical stocks
Supported MetaTrader 4 and MetaTrader 5 accounts.
JFD Brokers Fees and Spreads
Traders with JFD Brokers can expect the following spread list:
For popular currency pairs such as USD/EUR, the broker charges an average spread of 0.7 pips. The highest spread is on GBP/CHF at 2.2 pips. Overall, these represent competitive spreads when compared to most other brokers in the industry.
The broker also charges commissions depending on the instrument being traded. On Forex there is a commission of 0.03 USD, and 3.0 USD on precious metals. Other instruments, such as physical stocks, stock CFDs, and CFDs on cryptocurrencies can be traded commission-free.
JFD Brokers Deposit and Withdrawal
JFD Brokers offers a selection of deposit and withdrawal options. No processing or withdrawal fees are charged. However, the customer’s payment provider or bank may charge fees for which the account holder will be responsible.
No third-party bank deposits are allowed.
| ?Wirecard Bank Germany | ||||
| ?Barclays UK | ||||
| ?Visa | ||||
| ?Mastercard | ||||
| ?Neteller | ||||
| ?Skrill | ||||
| ?SafeCharge | ||||
| ?SOFORT | ||||
| ?Bank Wire Transfer |
JFD Brokers Best Countries by Traders
Please take note, the following information is based on JFD Brokers.
| ? Country of Trade | ? % of Traders |
| ? Germany | 59.08% |
| ?Malaysia | 12.54% |
| ?Cyprus | 8.35% |
| ?United States | 4.87% |
| ?India | 2.94% |
JFD Brokers Best Countries by Traders
Please take note, the following information is based on JFD Brokers.
JFD Brokers vs Etoro vs XM – Comparison Table
| ? Broker | ?JFD Brokers | ? eToro | ? XM |
| ? Minimum Deposit | $500/R7 350 | $1000 USD | $5 USD |
| ? Sign-Up Bonus | ☑️ Yes | ☑️ Yes | ☑️ Yes |
| ➕ Max. Leverage | 1:30 | 1:400 | 1:888 |
| ? Currency Pairs | 60 | 47 | 57 |
| ? Open an Account | ? Click Here | ? Click Here | ? Click Here |
JFD Brokers Customer Reviews
Very good broker in my view.
Withdraw is usually about 20 hours. When the amount is large (10k), it takes about 50 hours. The customer service is excellent. The spread is variable. No taxes for creating accounts, withdrawing, and sending money to them. They are not liars. Unfortunately, they do not provide a large range of instruments.
Very good service overall. I like the reports for the trades they provide and the webinars for the traders. Execution is fast and I sometimes have positive slippage. Not sure why they still offer only forex and CFD but not some instruments traded on real exchanges. Hopefully, JFD will offer Czech or other central European shares soon.
I am trading with JFD Brokers for already more than a year and I am completely satisfied with their services. I use JFD for trading the FX majors and index CFDs. Very good that they reduced commissions on those! I would like to see the swap rates lower plus more options to trade futures, not only as CFD. The customer support is fast and answers all my questions politely and with enough details. I have no complaints about execution. Spreads are stable but I hope they will be even lower.
JFD Brokers of Pros and Cons
| ✔️ Pros | ❌ Cons |
| 1. Popular platformsoffered | 1. Only one account option available |
| 2. Third-party platform | 2. Restrictions in certain countries |
| 3. Transparency regarding fees and commission | |
| 4. Segregated customer funds | |
| 5. Tight spreads |
Conclusion
Overall, JFD is acknowledged by numerous independent sources as one of the fastest-growing and most respected financial companies worldwide.JFD Brokers prioritizes solid customer relationships, as its success depends on the customer’s success. It offers commission-free retail trading and an award-winning research team.
You might also like: JFD Brokers Account Types Overview
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Disclaimer
JFD is a leading Group of Companies offering financial and investment services and activities through its regulated entities. “JFD Bank” is a brand name and registered trademark owned and used by the JFD Group of Companies.
These include JFD Group Ltd (ex. JFD Brokers Ltd), a company with registration number HE 282265, authorized and regulated by the Cyprus Securities and Exchange Commission – CySEC (Licence number: 150/11).
JFD Overseas Ltd is authorized and regulated by Vanuatu Financial Services Commission (License number 17933). JFD Bank AG is authorized and regulated by the Federal Financial Supervisory Authority (BaFin) and the Deutsche Bundesbank (License number 120056), According to research in South Africa.
Risk Management
JFD Brokers is an online broker providing investment services to individuals and institutions. They offer a variety of financial instruments, including Forex, commodities, stocks, indices, and more. As a regulated broker, JFD is committed to providing a safe and secure trading environment for its clients.
The company implements a number of risk management measures to minimize the potential risks associated with online trading. This includes the use of negative balance protection, guaranteed stop-loss orders, and other tools to help traders manage their exposure to risk.
Frequently Asked Questions
Is JFD Broker a fake or a scam?
JFD is a registered and licensed broker so is not a scam, it operates as a JFD group under strict European regulations, by CySEC and the MiFID along with numerous registrations in EEA zone like FCA, CONSOB, BaFIN, and ACPR
What are the advantages of trading with JFD Broker?
The company offers a great selection of trading opportunities for beginner and professional customers alike. The company offers advantages such as no requotes, direct access to the best bid or asking prices, 100% anonymous orders, and complete transparency.
Which trading platforms are supported by JFD Broker?
MetaTrader 4+, MetaTrader 5+
What is the overall rating for JFD Broker out of 10?
JFD Broker’s overall rating is 8.7/10
What type of broker is JFD Broker?
JFD Bank is an established online broker that is multi-regulated. The broker offers a DMA/STP model and trading in 1,500+ instruments over 8 asset classes.
Featured SA Shares Writer and Forex Analyst.
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