JFD Forex Broker
Basic Information
Cyprus
10-15 years Regulated in Cyprus Regulated in Vanuatu Market Maker (MM) Retail Forex License MT4 Full License MT5 Full License Global Business United Kingdom European Authorized Representative (EEA) Unsubscribed Medium potential risk Offshore RegulatedCompany profile
Rating Index
JFD Forex Broker - Complete Information Guide
1. Broker Overview
JFD Brokers, officially known as JFD Group Ltd, was established in 2011 and has since become a prominent player in the online trading industry. The company is headquartered in Limassol, Cyprus, with additional offices located in Germany, Bulgaria, and Vanuatu. JFD operates as a privately held company, providing services primarily to retail and institutional clients across various markets.
Since its inception, JFD Brokers has focused on transparency and fairness, aiming to address the lack of clarity often found in the financial markets. The company has achieved significant milestones, such as expanding its product offerings and establishing a robust regulatory framework. JFD is known for its commitment to providing a reliable trading environment, which is highlighted by its direct market access (DMA) and straight-through processing (STP) business model.
As a multi-asset broker, JFD offers a wide range of trading instruments, including forex, CFDs, stocks, commodities, and cryptocurrencies. The firm has built a strong reputation in the industry, making it a trusted choice for traders seeking a comprehensive trading experience.
2. Regulation and Compliance Information
JFD Brokers is regulated by several reputable authorities, ensuring a high level of security and compliance for its clients. The primary regulatory bodies overseeing JFD include:
- Cyprus Securities and Exchange Commission (CySEC) - License No. 150/11
- Federal Financial Supervisory Authority (BaFin) - License No. 120056
- Vanuatu Financial Services Commission (VFSC) - License No. 17933
These licenses enable JFD to conduct various investment services, including portfolio management, investment advice, and execution of orders. The regulatory framework mandates strict compliance with financial standards, which enhances the protection of client funds.
JFD Brokers implements a robust client fund protection policy, maintaining all client funds in segregated accounts separate from the company's operational funds. This ensures that client assets are protected in the event of insolvency. Additionally, JFD is a member of the Investor Compensation Fund (ICF), providing further security for clients' investments.
The broker adheres to Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations, requiring clients to verify their identity and source of funds to prevent illicit activities.
3. Trading Products and Services
JFD Brokers offers an extensive selection of trading products, catering to various trading strategies and preferences. The broker provides access to over 1,500 trading instruments across multiple asset classes:
Forex: JFD offers a wide range of currency pairs, including major, minor, and exotic pairs. The total number of forex pairs available exceeds 60, allowing traders to capitalize on global currency fluctuations.
CFDs: Clients can trade contracts for difference (CFDs) on various assets, including:
Indices: Access to major global stock indices.
Commodities: Trading in commodities such as oil and gold.
Stocks: A selection of shares from leading global companies.
Cryptocurrencies: CFDs on popular digital currencies like Bitcoin and Ethereum.
JFD Brokers regularly updates its product offerings, adding new instruments based on market demand and client feedback. The broker provides retail trading services, allowing individual traders to engage in the financial markets, and also caters to institutional clients with tailored solutions.
4. Trading Platforms and Technology
JFD Brokers supports the widely recognized MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms, offering traders advanced tools and features for effective market analysis and trade execution. The broker has enhanced these platforms with proprietary add-ons, referred to as MT4+ and MT5+, providing additional functionalities such as:
- Real-time market data and price quotes.
- Customizable charts and technical analysis tools.
- Automated trading capabilities through Expert Advisors (EAs).
In addition to MT4 and MT5, JFD Brokers offers a proprietary trading platform called Stock3, which is designed for stock trading and provides a user-friendly interface with interactive features.
The broker also offers web-based trading platforms, enabling clients to trade from any device with an internet connection. Mobile applications for both iOS and Android devices are available, allowing traders to manage their accounts and execute trades on the go.
JFD Brokers employs a DMA/STP execution model, ensuring that trades are executed directly in the interbank market without dealing desk intervention. This model enhances transparency and reduces the risk of price manipulation.
5. Account Types and Trading Conditions
JFD Brokers provides a straightforward account structure with a single standard account type, designed to accommodate a wide range of traders. Key features of the account include:
- Minimum Deposit: $500 (or equivalent in other currencies).
- Spreads: Competitive spreads starting from 0.2 pips for major currency pairs.
- Commission: A commission of approximately $3 per lot for forex and precious metals trading.
The broker also offers a demo account, allowing traders to practice their strategies without financial risk. For more experienced traders, JFD provides access to a VIP account, which may offer additional benefits.
Leverage ratios vary based on the trader's location and the asset class being traded. Retail clients can access leverage of up to 1:30 for forex products, while professional clients may utilize leverage of up to 1:400. The minimum trade size is set at 0.01 lots, enabling traders to manage their positions effectively.
JFD Brokers charges overnight fees for positions held beyond the trading day, and these fees are calculated based on the interest rate differential of the traded instruments.
6. Fund Management
JFD Brokers offers a variety of funding methods for deposits and withdrawals, ensuring a convenient trading experience. Available deposit options include:
- Bank Transfers
- Credit/Debit Cards (Visa, Mastercard)
- E-Wallets (Skrill, Neteller, SafeCharge)
The minimum deposit requirement is set at $500 for all account types, which is relatively high compared to some other brokers in the industry. Deposits are processed quickly, typically within 24 hours on business days.
JFD Brokers does not charge any fees for deposits or withdrawals; however, traders should be aware that their payment providers may impose fees based on the chosen method. Withdrawal requests are generally processed within 1-3 business days, depending on the method used.
7. Customer Support and Educational Resources
JFD Brokers provides comprehensive customer support to ensure that clients receive the assistance they need. Support channels include:
- Live Chat
- Phone Support
Customer service is available 24/5, covering major trading hours. The broker offers multilingual support, catering to clients in various languages, including English, German, French, Spanish, and Italian.
In addition to customer support, JFD Brokers offers a wealth of educational resources, including:
- Webinars: Regularly scheduled webinars covering various trading topics and strategies.
- Tutorials: Guides on using trading platforms and understanding market dynamics.
- Market Analysis: Daily market news and analysis to help traders make informed decisions.
These resources are designed to empower traders with knowledge and skills, enhancing their trading experience.
8. Regional Coverage and Restrictions
JFD Brokers serves clients from various regions, with a focus on the European market. The broker has established offices in Germany, Cyprus, Bulgaria, and Vanuatu. However, certain countries are restricted from accessing JFD's services, including the United States, Russia, and several others due to regulatory limitations.
The broker's operations are primarily centered in Europe, allowing it to provide tailored services to clients within the European Economic Area (EEA). JFD Brokers continually evaluates its market presence and may expand its services based on regulatory developments and client demand.
In conclusion, JFD Brokers is a well-regulated and reputable forex broker that offers a comprehensive range of trading instruments and services. With a strong commitment to transparency and client protection, it is an attractive option for traders seeking a reliable and trustworthy trading environment.
JFD Similar Brokers
Latest Reviews
毛毛19107
Hong Kong
I've traded JFD brokers for more than two year, and I am quite statisfied with their services . I mainly used JFD for trading currency pairs, with low trading costs, competitive spreads. The customer support responsive and answer my questions politely with enough details. Spreads are quite stable, but I expect lower spreads.
Positive
2022-11-15
FX8293462832
Taiwan
At first, I just wanted to find other ways to increase my income. Then, I joined the official line account after seeing the FB advertisement. At first, the editor asked me to use Huobi to make a deposit of 3000. Later, the system customer service opened a platform account and then found a specialist to operate it for me. Then, they said that there is a reward of 7000, but to be able to withdraw the money, it takes 30 times of the principal to withdraw, which is 30 times of the 10,000. Then there will be appointments for the practice from time to time until the commissioner said that it can be withdrawn after the end of the practice yesterday so I provided my account the platform. The customer service said the bank's business hours, so they will handle it today, but later they said that the financial control department said that the account was filled incorrectly and could not withdraw the money. The original profit will be refunded, but the money can only be withdrawn after the operation has reached 3 times the transaction volume and tell me that commissioner will help me. I asked the commissioner to assist and then I also told the commissioner that the commissioner said that he could assist, but the technical commission in the front has to be paid first, and the total cost is 51,000. If you don’t pay first, you can’t do the next action. I told him that I don’t have any money, but he said that he can help me pay more than 20,000 and I will handle the rest and then continue to operate after paying. I have always said that I have no way to pay. I always spend all my money in that month and I have lots of debt. Although it is nothing for now but I'm worried about my account.
Exposure
2022-01-21
Kristy780996
Hong Kong
I must share my recent extremely unpleasant experience with JFD Brokers. As a brokerage that claims to be professional and reputable, their actions are shocking and completely unacceptable. I initially deposited only $15,000 into my trading account with JFD Brokers and successfully withdrew $21,583.37 during my trading activities. However, when my account had accumulated approximately $40,000 in profits, JFD Brokers arbitrarily cancelled my account and deducted all my profits! This behavior is clearly unjustified, raising serious suspicions that they acted simply because I earned “too much” profit from my trading. As a brokerage claiming professionalism and credibility, such actions not only violate the principles of fair trading but also betray the trust of their clients. I have already filed an official complaint with the Cyprus Securities and Exchange Commission (CySEC), urging the regulatory authority to investigate and take appropriate actions. I strongly condemn this irresponsi
Exposure
01-13