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JFD Forex Broker provides real users with 1 positive reviews, * neutral reviews and 3 exposure review!

JFD Broker Review

7.33

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Software Index

Full License

License

VFSC Offshore Regulated

JFD Review 4

Latest All(4) Positive(1) Exposure(3)
Exposure
Warning: JFD Brokers Arbitrarily Cancelled My Trad

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

Kristy780996
01-13
Positive

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.

毛毛19107
2022-11-15
Exposure

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 Then there will be appointments for the practice from time to time until the commissioner said that it can be withdrawn after the end of the practice yesterday so I provided my account the platform.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.

FX8293462832
2022-01-21
Exposure
JFD gives no access to withdrawals

JFD profits cannot be withdrawn, and must reach 80% of the recharge amount to withdraw

QQ糖
2021-01-30

  

JFD Brokers 2025 Review: Everything You Need to Know

  JFD Brokers has garnered attention in the trading community for its regulatory compliance and range of trading options. However, user experiences vary significantly, with some praising its transparency and others raising concerns about withdrawal processes and customer support. This review synthesizes insights from various sources to provide a comprehensive overview of JFD Brokers.

  Note: Its important to consider that JFD operates under different entities in various jurisdictions, which can lead to varying regulatory conditions and user experiences. This approach is taken to ensure fairness and accuracy in their operations.

  

Rating Overview

Category Rating (out of 10)
Account Conditions 7
Tools and Resources 8
Customer Service and Support 6
Trading Setup (Experience) 7
Trustworthiness 8
User Experience 7
Overall 7.3

  We evaluate brokers based on a combination of user feedback, regulatory status, and expert analysis.

  

Broker Overview

  Founded in 2011, JFD Brokers is headquartered in Limassol, Cyprus, with additional offices in Bulgaria and Germany. The broker is regulated by multiple authorities, including the Cyprus Securities and Exchange Commission (CySEC), the German Federal Financial Supervisory Authority (BaFin), and the Vanuatu Financial Services Commission (VFSC). JFD offers a variety of trading platforms, including the popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5), catering to a diverse range of trading styles and preferences. The broker provides access to over 1,500 trading instruments across various asset classes, including forex, commodities, indices, stocks, and cryptocurrencies.

  

Detailed Insights

  

Regulatory Regions

  JFD Brokers operates under strict regulations in Cyprus and Germany, ensuring a high level of security and compliance. The CySEC and BaFin are known for their rigorous standards, providing a safety net for traders. However, the Vanuatu entity may not offer the same level of investor protection, leading to mixed perceptions about the broker's reliability.

  

Deposit/Withdrawal Options

  JFD allows deposits in multiple currencies, including USD, EUR, GBP, and CHF. The minimum deposit requirement is set at $500, which is relatively high compared to other brokers. Withdrawal methods include bank transfers, credit cards, and e-wallets like Skrill and Neteller. While the broker does not charge for deposits or withdrawals, some users have reported complications during the withdrawal process, raising concerns about the efficiency of customer support.

  

Bonuses/Promotions

  Currently, JFD Brokers does not offer any bonuses or promotional incentives. This lack of promotional offerings may deter some traders looking for additional value when opening an account.

  

Tradable Asset Classes

  JFD Brokers provides a wide range of tradable assets, including over 60 forex pairs, various commodities, indices, stocks, and cryptocurrencies. The diversity of instruments allows traders to build a well-rounded portfolio. However, some users have noted that the range of available instruments could be broader, particularly in stocks.

  

Costs (Spreads, Fees, Commissions)

  The broker employs a competitive pricing model, with spreads starting from 0.1 pips for major pairs like EUR/USD. However, there are commissions associated with trading, which can add to the overall cost. Users have reported that while the spreads are competitive, the commissions can be higher than expected, particularly for frequent traders.

  

Leverage

  JFD offers leverage of up to 1:30 for European clients and up to 1:400 for clients outside Europe. This flexibility allows traders to maximize their trading potential, but it also comes with increased risk, particularly for less experienced traders.

  

Allowed Trading Platforms

  Traders can access the MT4 and MT5 platforms, which are well-regarded for their user-friendly interfaces and advanced trading features. JFD also offers a proprietary platform called Stock3, which is tailored for stock trading. The availability of these platforms enhances the trading experience, providing tools necessary for effective market analysis.

  

Restricted Areas

  JFD Brokers does not accept clients from several countries, including the United States, Russia, and certain regions in Europe. This limitation may affect traders seeking a globally accessible broker.

  

Available Customer Support Languages

  JFD provides customer support in multiple languages, including English, German, French, Spanish, and Italian. However, the support is available only during weekdays, which may be a drawback for traders who require assistance outside of standard business hours.

  

Repeated Rating Overview

Category Rating (out of 10)
Account Conditions 7
Tools and Resources 8
Customer Service and Support 6
Trading Setup (Experience) 7
Trustworthiness 8
User Experience 7
Overall 7.3

  

Detailed Breakdown

  

Account Conditions

  JFD Brokers offers a single account type with tight spreads and fast execution. However, the high minimum deposit requirement may not be suitable for all traders, particularly beginners.

  

Tools and Resources

  The broker provides a range of educational resources, including webinars, market analysis, and trading guides. These tools are beneficial for both novice and experienced traders looking to enhance their skills.

  

Customer Service and Support

  Customer service has received mixed reviews, with some users praising quick responses, while others cite issues with withdrawal requests and lack of support during weekends.

  

Trading Setup (Experience)

  Traders generally report a positive experience with JFD's trading platforms, noting the ease of use and the reliability of execution. However, there are concerns about potential slippage during high volatility periods.

  

Trustworthiness

  JFD Brokers is considered a trustworthy broker due to its multiple regulatory licenses and commitment to transparency. However, the varying standards across different entities can create confusion.

  

User Experience

  While many users appreciate the competitive spreads and range of instruments, withdrawal issues and customer support limitations have been highlighted as areas needing improvement.

  In conclusion, JFD Brokers presents a solid option for traders seeking a regulated environment with diverse trading options. However, potential clients should weigh the broker's strengths against reported weaknesses, particularly regarding customer service and withdrawal processes.