Rating Index
Pros
Regulated by multiple authorities, ensuring compliance with strict financial standards.
Wide range of trading instruments, including forex, CFDs, stocks, commodities, and cryptocurrencies.
Transparent pricing with no hidden fees and competitive spreads.
Cons
Only one account type available, which may not cater to all traders' preferences.
Inactivity fees may apply to dormant accounts, which could be a concern for infrequent traders.
Limited customer support availability on weekends, potentially leaving traders without assistance during critical times.
JFD broker Accounts
JFD Brokers Account Types
JFD Brokers offers a single standard account type that can be registered through either JFD Group Ltd. or JFD Overseas Ltd. This account is designed to cater to various trading needs and objectives. Here are the key features of the account types:
- Standard Account (JFD Group Ltd.)
- Minimum Deposit: $500
- Margin Call Level: 100%
- Stop Out Level: 50%
- Negative Balance Protection: Yes
- Base Currencies: USD, GBP, EUR, CHF
- Leverage: Up to 1:30 (as per ESMA regulations)
- Trading Platforms: MetaTrader 4, MetaTrader 5, Guidants
- Commission Structure: Commissions charged on CFDs, Forex, and Metals; no commissions on physical stocks.
- Standard Account (JFD Overseas Ltd.)
- Minimum Deposit: $500
- Margin Call Level: 125%
- Stop Out Level: 50%
- Negative Balance Protection: No
- Base Currencies: USD, GBP, EUR, CHF
- Leverage: Up to 1:400
- Trading Platforms: MetaTrader 4, MetaTrader 5, Guidants
- Commission Structure: Commissions charged on CFDs, Forex, and Metals; no commissions on physical stocks.
- Visit the JFD Brokers Website: Navigate to the account opening page.
- Select Account Type: Choose the option to open a live account.
- Fill Out the Registration Form: Provide your personal details including full name, contact information, email, and country of residence. Select your preferred account currency (USD, EUR, GBP, CHF) and agree to the terms and conditions.
- Identity Verification: Upload necessary documents such as a valid passport and proof of address (utility bill or bank statement).
- Initial Deposit: Fund your account with a minimum deposit of $500 through available payment methods (bank wire, Skrill, Neteller, etc.).
- Account Activation: After verification, your account will be activated, typically within 1-2 working days.
JFD Brokers Account Opening Process
Opening an account with JFD Brokers is a straightforward process that can be completed in a few simple steps:
For more detailed information, you can visit the following sources:
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