JFD Brokers Review
What are JFD Brokers?
JFD Brokers was formerly known as JFB Bank.
JFD Group was founded by professional traders in 2011. They believe transparency and fairness are their core values. With its main office in Cyprus, additional offices in Bulgaria and a subsidiary in Germany, the company is well-served by other offices. Supporting their customer, the company has local lines in a variety of countries, including Russia, UK and Switzerland.
JFD was a respected and progressive company in the trading industry. is a broker that uses a pure agency model with Direct Market Access . This allows to execute orders directly with client-centric trading.
Broker: JFD Brokers
Minimum deposit: 500 US$
Leverage: 1:30 | 1:400
Regulator: CySec. BaFIN. VFSC
Year: 2011
Platforms: MT4, MT5, Guidance
HQ: Cyprus
JFD Brokers Licences:
JFD Brokers Ltd. - CySEC (Cyprus), registration number. 150/11
JFD Bank AG - Authorized by BaFin (Germany), registration number. 120056
JFD Overseas Ltd – Authorized by the VFSC(Vanuatu), registration number. 17933
Overview
JFD is a reliable broker that offers regulation and direct access to the markets. It also provides a range of trading platforms, easy account opening and a high-quality trading platform. Many funding options are available and traders can get education.
Negative points: There is no 24/7 support. Conditions vary depending on the entity rules. Some regions might be more competitive.
Pros
Popular platformsoffered
Third-party platform
Transparency regarding fees and commission
Segregated customer funds
Cons
Only one account option available
Restrictions in certain countries
Rating of the company overall
Reliability ⭐⭐⭐⭐
Platform ⭐⭐⭐⭐
Commissions ⭐⭐⭐⭐
Support ⭐⭐⭐⭐⭐
Financial instruments ⭐⭐⭐⭐
RATING: 4.4
Are JFD Brokers scammed or safe?
JFD is a licensed broker and registered broker. It is not a fraud. JFD operates under strict European regulations by CySEC, the MiFID, and numerous registrations in EEA zones like FCA and CONSOB. JFD, in addition to its CySEC license is strongly authorized by German BaFIN who are well-known for their strict regulation and oversight of the brokerage. JFD serves Vanuatu's offshore entity, so its parallel regulations from ESMA are not surprising.
Client funds are kept separate from company funds and kept in licensed financial institutions, which guarantees their security. all clients are covered by the Investor Compensation Fund (ICF) since JFD is a member. The broker also implements protection against negative balances.
Instruments
JFD offers a broad range of trading instruments through 8 assets that include Forex and CFDs on Index. Also, the JFD is the original broker to launch Physical Stocks on the MT5 platform.
Leverage
JFD is subject to specific regulations in each jurisdiction where it runs a business. To reduce the chance of losing money , JFD generally uses lower leverage. The European resident traders are allowed to use a maximum leverage of 1:30. However, another trader using JFD may request leverage up to 1:1400 for Forex instruments.
Types of accounts
JFD Bank only offers one account type which is offered with tight spreads, fast execution into the market, and a single account type
Fees
JFD Brokers fees can be good. They are mainly part of a commission, but they can also be used to check funding fees, non-activity fees, and other conditions. The Agency Model has a zero rejection rate and no need for requotes. It also offers unconditional, anonymous access to interbank markets based on a Fill or Fill model that allows negative and positive slippage.
Spreads
JFD Spread offers interbank spreads at 0.1 for EUR/USD pair and starting at 0 pip to all clients. Trading on DAX or DOW is possible with reduced commissions (0.1 per side) and minimal risk thanks to CFD trading.
You don't even have to pay a broker to get these amazing quotes. However, it is a small commission determined by the instrument you trader. This is actually very affordable compared to the market.
Refer to the following information for reference fees and spreads. Also, see the spread of FP Markets.
Additionally, ov ernight funding costsare calculated CFDs on Stocks & Cash Indicces are 3.25% +/– Libor.
Deposits and withdrawals
You can choose a payment method to fund your account or transfer funds in order to begin live trading. There are several options available, including bank transfers and bank transfer with Sofort. These will have a 1.8% deposit fee and online payments such as Skrill with 2.9% fee, Securechargewith the 1.95% fee and UnionPay without any charges. You should consider carefully which payment method you choose to make fund transfers .
Withdrawal
You can withdraw funds using the same methods that are also eligible for fees. Skrill and Safecharge require a 1% transaction fee.
Minimum deposit
JFD Bank Minimum deposit is 500$, regardless of which platform you use or which trading account you have.
JFD Bank Minimum Deposit vs Other Brokers
Trade Platforms
We are now going to discuss the technical optimization and software offered by JFD. You can rest assured that the broker created the best server infrastructure to ensure trading success. Their servers are hosted at Equinix data centers located in London and New Yor that are connected directly with Liquidity Providers.
This technology allows for straight-through processing, high capacity aggregation and smart order routing. It also enables bridging to a whole new level. Virtual Private Server (Virtual Private Server), allows traders to stay connected regardless of their location. This is for advanced trading strategies and continuous EA monitoring. Two providers offer VPS services at a discounted rate to JFD clients: Fozzy offers a 50% discount, and MyTradeHost takes 10% off per month.
JFD selected the best-performing platforms in the industry for their performance and capabilities. Traders can access the award-winning HTML4 and MT5 platforms at their toolbar. They can trade with flexible, but comprehensive trading options. Additionally, they have access to a powerful Guidance system that is available with JFD's unique offering in German.
Social trading
All platforms offer the highest level of trading capabilities. However, each platform has slightly different features to support different trading styles. These options are still available as an option for traders. There are platforms that can be accessed via desktop, mobile, and web applications. They also offer options for automating, performing technical trading, or using social trading capabilities.
Education
JFD offered a high quality product to traders of all experience levels and sizes. does not discriminate clients based on their investment amount or style. This award-winning research team offers daily market analysis and advanced education tools with state-of-the art learning materials.
Despite being a relatively new company, industry publications and clients have recognized their trustworthiness and growth.
Conclusion
The JFD Bank has one of the most impressive features. It offers both novice and advanced traders with different styles the ability to trade on the same platform.