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Regarding the legitimacy of JFD forex brokers, it provides a comprehensive investigation into the security aspects of regulatory CYSEC,FCA,VFSC, and WikiBit, as well as whether there are any negative scam reviews.

Rating Index

WikiFX Detection

Software Index

Full License

License

VFSC Offshore Regulated

Is JFD safe?

The regulatory license is the strongest proof.

MM

CYSEC Market Making(MM) 21

Cyprus Securities and Exchange Commission

Cyprus Securities and Exchange Commission

Regulatory Agencies Introduction
  • Current Status:

    Regulated
  • License Type:

    Market Making(MM)
  • Licensed Institution:

    JFD GROUP LTD JFD GROUP LTD
  • Effective Date:

    2011-08-05
  • Email Address of Licensed Institution:

    legal@jfdbrokers.com
  • Sharing Status:

    Sharing
  • Website of Licensed Institution:

    www.jfdpartners.com, www.jfdbrokers.com, www.jfdchange.com, www.jfdeurope.com
  • Expiration Time:

    --
  • Address of Licensed Institution:

    70, Kyrillou Loukareos Street, Kakos Premier Tower, 2nd Floor CY-4156 Limassol
  • Phone Number of Licensed Institution:

    +357 25 878 530
  • Licensed Institution Certified Documents:

11 name
EEA

FCA European Authorized Representative (EEA)

Financial Conduct Authority

Financial Conduct Authority

Regulatory Agencies Introduction
  • Current Status:

    Unsubscribed
  • License Type:

    European Authorized Representative (EEA)
  • Licensed Institution:

    JFD GROUP LTD JFD GROUP LTD
  • Effective Date:

    2012-04-25
  • Email Address of Licensed Institution:

    legal@jfdbrokers.com
  • Sharing Status:

    No Sharing
  • Website of Licensed Institution:

    www.jfdpartners.com
  • Expiration Time:

    2022-11-22
  • Address of Licensed Institution:

    70 Kyrillou Loukareos Street Kakos Premier Tower, 2nd Floor Limassol Limassol CYPRUS
  • Phone Number of Licensed Institution:

    +357 25 878 530
  • Licensed Institution Certified Documents:

11 name
Retail FX

VFSC Retail Forex License

Vanuatu Financial Services Commission

Vanuatu Financial Services Commission

Regulatory Agencies Introduction
  • Current Status:

    Offshore Regulated
  • License Type:

    Retail Forex License
  • Licensed Institution:

    JFD Overseas Ltd JFD Overseas Ltd
  • Effective Date:

    2023-01-17
  • Email Address of Licensed Institution:

    --
  • Sharing Status:

    No Sharing
  • Website of Licensed Institution:

    --
  • Expiration Time:

    --
  • Address of Licensed Institution:

    --
  • Phone Number of Licensed Institution:

    --
  • Licensed Institution Certified Documents:

11 name

Is JFD a scam, or is it legit?

The latest exposure and evaluation content of JFD brokers.

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
Unable to withdraw
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.
JFD gives no access to withdrawals
JFD profits cannot be withdrawn, and must reach 80% of the recharge amount to withdraw
JFD's latest industry rating score is 7.33, the higher the score the safer it is out of 10, the more regulatory licenses the more legitimate it is. JFD If the score is too low, there is a risk of being scammed, please pay attention to the choice to avoid.