Rating Index
Pros
Well-regulated across multiple jurisdictions, providing a secure trading environment.
Offers a variety of trading platforms, including enhanced versions of MetaTrader 4 and 5, as well as the unique Guidants platform.
Competitive spreads and a wide range of financial instruments available for trading.
Cons
Relatively high minimum deposit requirement of $500, which may be a barrier for some traders.
Conservative leverage limits, capped at 1:30 for forex, which may restrict trading strategies for experienced traders.
Customer support ratings are mixed, indicating potential areas for improvement in service quality.
JFD Bank broker Accounts
JFD Bank Account Types
JFD Bank offers a single standard account type for all clients, which can be registered through JFD Group Ltd. or JFD Overseas Ltd. This account provides access to over 1,500 financial instruments across multiple asset classes, including forex, precious metals, physical stocks, CFDs on indices, commodities, cryptocurrencies, ETFs, and ETNs. Here are the key features of the account types:
JFD Group Ltd. Standard Account
- Minimum Deposit: $500
- Margin Call Level: 100%
- Stop Out Level: 50%
- Negative Balance Protection: Yes
- Account Base Currencies: USD, GBP, EUR, CHF
- Leverage: Up to 1:30 (as per ESMA regulations)
- Trading Platforms: MetaTrader 4, MetaTrader 5, Guidants
- Commission: Yes, on CFDs, forex, and metals (no commission on physical stocks)
JFD Overseas Ltd. Standard Account
- Minimum Deposit: $500
- Margin Call Level: 125%
- Stop Out Level: 50%
- Negative Balance Protection: No
- Account Base Currencies: USD, GBP, EUR, CHF
- Leverage: Up to 1:400
- Trading Platforms: MetaTrader 4, MetaTrader 5, Guidants
- Commission: Yes, on CFDs, forex, and metals (no commission on physical stocks)
JFD Broker Account Opening Process
Opening an account with JFD Bank is a straightforward process that typically takes 1-2 working days. Heres how to do it:
- Visit the JFD Bank Website: Go to the account opening page.
- Complete the Registration Form: Fill out the online application with your personal details, including name, email, and country of residence.
- Upload Required Documents: Provide a valid form of identification (passport) and proof of address (utility bill or bank statement).
- Choose Your Account Currency: Select from available base currencies (USD, GBP, EUR, CHF).
- Submit Your Application: After completing the form, review and accept the terms and conditions, then submit your application.
- Verification Process: Once your application is submitted, JFD Bank will verify your identity and documentation.
- Receive Login Credentials: After approval, you will receive an email with your login details.
- Make Your Initial Deposit: Fund your account with the minimum deposit of $500 to start trading.
By following these steps, you can successfully open a trading account with JFD Bank and begin your trading journey.
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