JFD Brokers Review

Category: Reviews | Author: Trading Brokers | Date: November 17, 2022

JFD Brokers is an established, multi-regulated online broker offering you a great choice of 1,500+ instruments over 8 asset classes, including physical stocks and commission free trading. I found them to have a selection of powerful trading platforms and excellent trading tools to help you get the most out of your trading strategies. If you don’t have the time or knowledge to trade by yourself, there are managed accounts and copy trading solutions you can take advantage of. I feel like they are a broker catering towards professional and institutional traders and investors, evident by the products and services that include FIX API solutions. If you are looking for industry leading trading conditions in a regulated environment, they are certainly worth strong consideration in my opinion.

Pros & Cons

  • Great choice of powerful trading platforms
  • Professional trading tools for complex market analysis
  • Good range of financial instruments
  • Physical stocks
  • Convenient funding methods
  • Managed account for investors and money managers
  • Mirror trading for copying trade signals
  • StereoTrader add-on for MetaTrader
  • Discounted VPS for eligible clients
  • Free practice accounts
  • FIX API trading solutions
  • Dedicated customer support
  • Cannot accept clients from certain countries
  • Minimum $500 deposit not the lowest
  • Crypto funding not currently supported
  • No fixed spread accounts

Summary

JFD Brokers provide you with a one-stop multi-asset trading and investing experience. They provide traders with access to trade an impressive 1,500+ instruments over 8 asset classes including commission free stocks, forex, commodities and cryptocurrency trading. The broker was founded in 2011 by professional traders who wanted to address the lack of transparency that was being offered and have built their business around core values of fairness, trust and transparency. They are constantly looking to further improve their trading services and implement the latest innovative technologies to help ensure that they do so.

I appreciate how they have been recognised within the financial industry for their hard work and excellence in trading and investment. This is evident by the fact they have won an impressive 40+ international awards including Best Forex Broker, Best FX & CFD Research House Western Europe, Best OTC Brokerage Western Europe, Most Outstanding Online Trading Platform amongst others.

Trading Conditions

I found JFD Brokers to have superior, unique and cost-effective trade conditions. They aim to meet client needs and exceed their expectations, by delivering better financial services for traders and investors. All levels of clientele receive the same fair-trading conditions across multiple trading platforms and devices, including the ever popular MetaTrader (MT4/MT5) platforms.

The broker has partnered with NASDAQ listed firm Equinix to offer state of the art trading technologies. They participate in the Equinix Financial eXchange, which is a network of execution venues, buy/sell side firms and bank trading servers that are located at Equinix’s high-performance data centres. This ensures you can get the best possible prices from a deep liquidity pool with quick execution speeds and low spreads.

JFD Liquidity Providers (LPs)

JFD Liquidity Providers (LPs)

The Equinix Financial eXchange provides access to the widest choice of low-latency networks, and the ability to directly exchange data with strategic partners and customers in close proximity, guaranteeing the fastest possible execution (often < 0.01 seconds). JFD Brokers give you direct market trading with core spreads and low or even zero commission fees depending on the order size and asset class. Clients can even benefit from the possibility of positive slippage. I like that there is no dealing desk between myself and the markets, this helps to avoid any potential conflict of interest.

JFD Equinix Financial eXchange

JFD Equinix Financial eXchange

Through the brokers next generation mirror trading platform, you can choose to invest in top performing multi-asset strategies with no set-up or management fees. Institutional clients can be provided with turnkey solutions and expertise covering Prime Brokerage & Liquidity, Sales Trading, Portfolio Management and Designated Sponsoring. I was pleased to see that they have an award-winning research team that provides daily analysis of the markets, to help assist with trading decisions and increase your trading knowledge.

AvaTrade Logo

Our #1 Broker 2023

AvaTrade is an award-winning and multi-regulated broker offering a great selection of trading instruments including Forex, Cryptos, Stocks and Commodities. You can trade on all of your devices via user-friendly platforms with excellent trading conditions and no commission fees.

Between 74-89% of retail investor accounts lose money when trading CFDs with this provider.

Regulation

JFD Brokers are committed to treating the security, privacy and protection of client investments with utmost importance, so they can focus on their trading. They are registered and licensed to operate under strict regulations across multiple jurisdictions. This gives me full confidence that I can trust them with my funds and I would therefore have no problem using them for my day trading activities. If you are looking for another well-regulated brokerage to compare them with, Plus500 are regulated by many top-tier regulators.

JFD is a group of companies that offer financial and investment services and activities. “JFD Brokers” is a brand name and registered trademark owned and used by the JFD Group of Companies, which includes:

JFD Group Ltd authorised and regulated by the Cyprus Securities and Exchange Commission (CySEC) with licence number 150/11. JFD Group Ltd operates in accordance with the Markets in Financial Instruments Directive (MiFID II) and is authorised and regulated to conduct portfolio management, investment advice and agency only execution activities. CySEC is an established world-class regulator that has long-term experience in the investment industry, allowing passporting to other European territories’ jurisdictions. It is commonly viewed as one of the leading regulatory authorities in Europe.

JFD Overseas Ltd authorised and regulated by the Vanuatu Financial Services Commission (VFSC) with license number 17933. JFD Overseas Ltd is authorised and regulated to conduct dealing in securities, portfolio management, investment advice and execution of orders activities. The VFSC applies high international standards and best practices in the regulation and supervision of the investment business conducted under its jurisdiction to ensure the integrity of the financial services industry.

JFD Brokers AG authorised and regulated by the Federal Financial Supervisory Authority (BaFin) and by the Deutsche Bundesbank with license number 120056. JFD Brokers AG is a German company, licensed to provide investment and banking services. BaFin is the financial regulatory authority of Germany. It is an independent federal institution which supervises all banks, financial services providers and insurance undertakings in the country.

JFD Regulation

JFD Regulation

Funds

Client funds are held in fully segregated, licensed and top tier bank accounts, separate from the company funds. This helps to ensure that they remain secure and cannot be used for any other purposes such as business running costs.

Clients have some forms of risk protection via the negative balance protection and lower leverage set-up, which is designed to help reduce the risk of your account being depleted to zero or going negative. This can be especially useful to prevent negative impacts that can occur due to weekend market gaps and unexpected economical events.

JFD’s annual financial reports are audited by leading financial auditors. They have internal auditors, external auditors, compliance and legal teams that provide a comprehensive audit, special investigations and compliance set of solutions.

JFD are a member of the Investor Compensation Fund (ICF) with all clients covered by its protection. Under the ICF, eligible clients can be entitled to compensation in the unlikely instance that JFD are unable to fulfil their financial obligations. Eligibility depends on the status and the nature of the claim.

Countries

JFD Group Ltd has some regional restrictions and is thus allowed to only serve clients whose residence is in the European Economic Area (EEA) or in a country where the company has a legal permission to do so (such as Belarus, China, Switzerland, Turkey, UAE & Ukraine).

JFD Overseas Ltd is only allowed to serve clients whose residence is in another third country. A restriction on offering investment services applies to residents of the United States of America, Russia and to residents of other countries whose domestic regulations classify such investment offering as prohibited. If you find that your country is not accepted, please feel free to browse our broker reviews for alternative options.

Platforms

JFD Brokers let you trade on a great selection of flexible and powerful trading platforms. You can opt to trade on the popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms. MetaTrader is available on desktop (Windows / Mac), web and mobile (iPhone / iPad / Android / Tablet). They also offer the intuitive third-party Guidants platform which is equipped with an abundance of custom add-ons and indicators. All of these platforms can give you comprehensive market access via user-friendly interfaces. I think they have more features and functionalities than most traders will ever need. I personally use MT4 as it was one of the first platforms that I became accustomed with and I have never felt the need to switch to anything else.

JFD Platforms

JFD Platforms

MetaTrader 4+ (MT4+) Trading Platform

MetaTrader4 (MT4) is an electronic trading platform developed by software company MetaQuotes. Users can use it to trade forex, precious metals and CFDs on stocks, commodities, cryptocurrencies, ETFs and ETNs, and indices. It is one of the most popular trading platforms used by millions of traders around the globe. It is widely considered to be the most user-friendly trading platform making it suitable for beginner traders whilst having plenty of implemented trading tools to satisfy the more experienced trader.

MetaTrader 4 Platforms

MetaTrader 4 Platforms

MT4 Features:

  • Real time bid/ask quotes across multi-assets from the market watch window
  • Multiple timeframes (1 minute – 1 month)
  • Multiple chart types (including bar, line, candlestick)
  • Multiple order types
  • One click trading
  • Alert notifications via platform, email and SMS
  • Technical indicators & graphical objects
  • Automated trading via expert advisors (EAs)
  • Strategy tester to back test EAs over historical data
  • MQL programming interface to code custom indicators and EAs
  • Online community to access more trading tools and signals

JFD MT4+ Add-Ons

JFD have significantly improved on the basic MT4 platform by adding more than 500 instruments from 8 asset classes and an exclusive package of MT4+ add-ons. This is great to see and not something you will find from many other brokers, although FXFlat do have the excellent StereoTrader add-on for both MT4 & MT5. I found the add-ons to be excellent for creating complex trading strategies that analyse the markets in much more detail than you can with the default indicator package.

JFD MT4+ Add-Ons

JFD MT4+ Add-Ons

Traders are connected via a pure Agency Only Model to 20+ liquidity providers (LPs) that includes tier 1 banks, non-bank LPs and multilateral trading facilities (MTFs). They implement a top of the range trading infrastructure, with optimised server technology and ultra-fast connectivity (hosted at Equinix LD4 and NY4).

MetaTrader 4 (MT4+) WebTrader

JFD Brokers provide you with the fast and secure MT4 WebTrader platform which runs conveniently and directly in most modern web browsers without the user needing to download or install any additional software. It can run from any device at any time, maintaining most of the same features as the desktop platform. I like how the web platform is always up to date and you can access it from any device which can be helpful if you do not have your computer or mobile phone handy and need to borrow someone else’s.

JFD MT4+ WebTrader

JFD MT4+ WebTrader

MetaTrader 4 (MT4+) Mobile App

JFD Brokers were the first to have released the 100% DMA/STP Agency Model mobile trading app solution. The MT4+ app is powered by MetaQuotes and enables traders to access the MT4 platform from anywhere at any time. This is convenient for those who wish to trade whilst on the go. The MT4+ app is available for download on both Android and iOS from the relevant app stores. I am always using trading apps to keep track of my trades and what is happening around the markets. I like how you can set price alert notifications so you don’t need to watch charts all day long waiting for your price level to be reached.

MT4+ Mobile Application

MT4+ Mobile Application

MT4+ App Features:

Multiple Markets

Through the MT4+ mobile app, you have convenient access to all tradable instruments offered by JFD brokers. You can place trades, manage positions, set alerts and much more, all from the comfort of your mobile devices.

MT4+ Mobile App Multiple Markets

MT4+ Mobile App Multiple Markets

Trade on Charts

You can easily trade directly from real time charts with all the important information displayed such as live spreads and tick by tick price movements.

MT4+ Mobile App Trade on Charts

MT4+ Mobile App Trade on Charts

Multiple Order Types

The MT4+ mobile application supports multiple order types including market orders, pending orders, take profit, stop loss and more.

MT4+ Mobile App Multiple Order Types

MT4+ Mobile App Multiple Order Types

Real Time Prices

The MT4+ app displays the current market prices of all assets whilst it is possible to receive an overview of the price movements from your favourite instruments.

MT4+ Mobile App Real Time Prices

MT4+ Mobile App Real Time Prices

Account Overview

You can easily keep a close eye on their account and stay up to date with real time estimations of margin, balance and equity.

MT4+ Mobile App Account Overview

MT4+ Mobile App Account Overview

MetaTrader 5+ (MT5+) Trading Platform

MT5 is the follow up platform to MT4 that maintains most of the same features with same additional functionality. JFD Brokers have taken the default MT5 platform and created MT5+, adding a plethora of features that are designed to benefit traders. Through MT5+ users have direct access to more than 1,000 instruments from 8 asset classes, sourced from 20+ LPs (Tier 1 Banks, Non-Bank LPs and MTFs). This includes CFDs and physical stocks. I think MT4 should be more than enough for forex traders but if you want to trade stocks, you may edge more towards MT5.

MT5+ Features:

  • Improved market watch with depth of market (DOM)
  • Economic calendar
  • Improved charting
  • More order types
  • More technical indicators
  • Multi-currency strategy tester

JFD MT5+ Add-Ons

JFD Brokers have an exclusive version of the MT5 trading platform that comes fully equipped with advanced chart analysis and a full range of EAs. There is a unique Add-Ons package that features a variety of useful trading tools that are designed to further improve your trading strategies. Unless you are a really advanced trader, the platform and default tools should provide more than enough for yor trading strategies.

JFD MT5+ Add-Ons

JFD MT5+ Add-Ons

MetaTrader 5+ (MT5+) WebTrader

MT5+ WebTrader lets you trade directly within most modern browsers and operating systems without needing to download or install an additional software. All you need is an internet connection to access your account and trade. This is great as you are always on the latest version of the platform and can access your account from any device without issue.

JFD MT5+ WebTrader

JFD MT5+ WebTrader

MetaTrader 5 (MT5+) Mobile App

The JFD MT5+ mobile application allows you to trade whilst on the go from within the palm of your hands from anywhere in the world with an internet connection. It maintains most of the same functionality as the MT5+ desktop platform. The mobile application is freely available for Android and iOS devices from the relevant app stores.

MT5+ Mobile Application

MT5+ Mobile Application

MT5+ App Features:

Multiple Assets

The JFD MT5+ mobile app supports the complete range of tradable assets offered with access to 1,000+ instruments, including FX, shares, indices, precious metals, commodities, and more. If you are looking to access all of the instruments that the broker offers in a quick and easy way, I think this app should be more than adequate.

MT5+ Mobile App Multiple Assets

MT5+ Mobile App Multiple Assets

Order Types

Users can execute complex trading orders, including the standard Buy by Market and Sell by Market, six pending orders (Buy Limit, Sell Limit, Buy Stop, Sell Stop, Buy Stop Limit, and Sell Stop Limit) and three closing options (Stop Loss, Take Profit, and Trailing Stop).

MT5+ Mobile App Order Types

MT5+ Mobile App Order Types

Market Depth

One of the main features of the MT5+ platform is the depth of market (DOM) capability which allows traders to see bid/ask prices that are as close to the market as possible. The DOM tool also shows the volume of orders at each price level.

MT5+ Mobile App Market Depth

MT5+ Mobile App Market Depth

Account Overview

You can easily and conveniently keep tabs on their account whilst on the go. The MT5+ mobile app gives you instant access to your trading account information, which includes real time balance, margin, equity and more. The overview helps to ensure that you are always in control of your trading operations.

MT5+ Mobile App Account Overview

MT5+ Mobile App Account Overview

Advanced Charts

The MT5+ mobile app supports direct trading from real time charts including information on real time spreads and price movements available at a glance. The advanced chart settings enable users to analyse current market movements from various perspectives whilst you can create your own lists of favourite instruments to easily track the price movements that matter the most to you.

MT5+ Mobile App Advanced Charts

MT5+ Mobile App Advanced Charts

MetaTrader StereoTrader

StereoTrader is an add-on for JFD’s MT4/5+ platforms that transforms the layout and provides users with access to additional information, commands, order types, and a multitude of special features. JFD clients can get the StereoTrader add-on along with all of its useful features for just €29.90 per month.

StereoTrader

StereoTrader

Guidants Trading Platform

JFD are one of the few brokers that offer one of Germanys most popular trading platforms, Guidants. Guidants is a browser-based platform that does not require any downloads. It provides an interactive and social way to trade within an intuitive interface. It is fully customisable with a vast array of free widgets and advanced charting capabilities.

Guidants Platform

Guidants Platform

Guidants Features:

  • Fully customisable
  • Fundamental analysis
  • Social interactivity
  • Webinars within platform
  • Advanced charting
  • Trading widgets

JFD Classic

The classic desktop helps users stay in touch with the broker, experts and other traders. It delivers a more interactive and social trading experience. There are live broadcasts, market analysis and educational webinars. Keep up to date with the JFD Stream and catch up via the JFD Video archives.

JFD Classic

JFD Classic

JFD Fundamental

The fundamental desktop gives professional level fundamental analysis. It has a collection of widgets that are synchronised in sets to help increase the speed of analysis and trading. Users can review a whole basket of assets and receive detailed fundamental data automatically, whilst monitoring trades at the same time.

JFD Fundamental

JFD Fundamental

JFD Technical

The technical desktop has extensive charting possibilities, all of which are easily accessible directly from the charts. The combination of several instruments and indicators all from within one chart can enable users to have a better overall look at the markets and help to conduct more advanced technical analyses. The price alarm widget can be used to make sure that you never miss important price levels.

JFD Technical

JFD Technical

Guidants Widgets:

  • JFD Live Trading TV
  • JFD Video
  • JFD Stream (latest market news)
  • Customer Support Chat
  • Watchlist
  • JFD Depot (account overview)
  • Advanced charting
  • Heatmap
  • Shortview
  • Fundamental charts
  • Keyfacts
  • Barometer
  • Economic calendar
  • Price alarm

JFD Multi Account Manager (JFD MAM)

The JFD MAM is a simple and powerful addition to the MetaTrader platforms which automatically allocates trades from any number of master accounts to any number of sub-accounts in real time. The MAM is compatible with any method of trade generation, including manual trading, EA trading, mobile trading and custom FIX API.

Whenever deposits or withdrawals are made into your sub-accounts, these are reflected in your master account. The advanced functions of the JFD MAM enables you to remove accounts from the allocation group without closing any master trades or restarting the MetaTrader server. If you are looking for managed accounts, you might want to also consider Eightcap.

JFD MAM Features:

  • Automatically allocate trades
  • Easily accessible from within the MetaTrader environment
  • Fully supports manual, EA, mobile & FIX API trading
  • Supports multiple allocation rules

Tools

Most of the main trading tools offered by JFD are already built within the trading platforms along with MetaTrader+ and MetaTrader StereoTrader. I really think that these would already be overkill for most traders. However, they do offer some handy additional tools for copy trading and hosting your platforms.

JFD Mirror Trading

JFD offer a cost effective and time saving mirror trading service where clients can easily invest in top performing strategies pre-selected by JFD and develop a diversified strategic investment portfolio with the multi-asset mirror trading solution. There are no setup or management charges but there is a 25% performance fee. It should be strongly noted that past performance is by no means any guarantee of future performance.

  • No set-up or management fees
  • Equal execution and trading conditions for orders following the same strategy using bulk order execution
  • Build a diversified portfolio to mitigate risks by copying strategies on different asset classes for a multi-asset solution
  • 100% DMA/STP Execution. No conflict of interest, full anonymity, and no manipulation
  • JFD have a high-end trading infrastructure with servers that are directly interlinked to multiple liquidity pools to facilitate the fastest possible order execution
  • No need for a VPS installation as your account is run on JFD servers, trading 24/5

VPS (Virtual Private Server)

A VPS can be used to run your trading platform 24/7 without needing your own computer switched on. This is useful for those who need to run expert advisors (EAs) around the clock or those who do not have a reliable connection. I have my own third-party VPS which is in invaluable tool for me to be able to run my automated systems and test brokers on multiple instances of the MT4 platform. JFD offer carefully selected VPS hosting solutions suitable for different trader requirements with special discounts. You can enjoy ultra-low latency access to the JFD server network, resting assured that strategies are running continuously. There are other brokers who provide a free VPS, including Switch Markets.

Education

I think it is great that JFD Brokers have a generous selection of educational materials to help you analyse the markets and increase your trading knowledge.

Market News & Analysis

JFD provide the latest market insights from their expert analysts including proprietary institutional-grade fundamental and technical market analysis covering 8 asset classes. The experts produce a variety of insightful articles on a daily basis along with exclusive subscription-based content available for free.

Webinars & Events

JFD Brokers frequently host webinars, seminars and other live events where you can increase your trading knowledge and strengthen your skills. There are a range of speakers and subjects covered in multiple languages with free and paid events. Previous events are also available on demand. If you are a fan of webinars, Purple Trading also host them on a regular basis.

Trading Glossary

JFD Brokers have a trading glossary freely available that covers a range of commonly used trading terminology along with clear definitions.

Markets

I am impressed with the markets available to trade with JFD Brokers. You can get direct and anonymous access to 1,500+ instruments from 8 asset classes, including forex and precious metals, indices (cash and futures), cryptocurrencies, stocks, commodities, ETFs and ETNs. All sourced from 20+ LPs (Tier1 Banks, Non-Bank LPs and MTFs). It is always refreshing to see a brokerage firm that provides physical stocks as many just provide Stock CFDs where you just speculate on the price without actually owning the underlying asset. At JFD Brokers, you can trade CFDs on 5 asset classes (stocks, indices, commodities, ETFs & ETNs, cryptocurrencies). You also have access to mini CFDs on major indices such as the DAX and DOW.

Indices Trading

An index is a statistical measure of the changes in a portfolio of stocks representing a portion of the overall market. As they are a smaller sample of the market that is representative of the whole, investors use indices to track the performance of the stock market.

With JFD Brokers, you can trade 15 of the world’s most popular cash indices covering Asia, North America and Europe, including the renowned Dow Jones Industrial Average (DJIA), the German 30, UK 100, Japan 225 & Euro 50.

Stocks Trading

When it comes to investing, shares are one of the principal asset classes. You have the booking value of a stock (also known as share or equity) after deducting the liabilities from the company’s assets and dividing the result by the number of shares issued. Stocks are important because they represent the real value of one’s stake in an investment.

With JFD, clients can trade 400+ Stocks CFDs from different countries, including United States, United Kingdom, Germany, France, Netherlands & Spain.

At JFD you can also trade real stocks, listed on major exchanges globally, from one single MT5+ account. Trading physical shares, a preferred choice by classical investors, allows you not only to further diversify your portfolio, but comes with the advantage of possessing a real asset which is tangible and has intrinsic value.

JFD offer access to trade a nice range of 600+ physical stocks from the United States, Germany, Netherlands, France & Spain.

Cryptocurrency Trading

Cryptocurrency is an online digital currency based on complex mathematical algorithms that was launched in 2009 and is decentralised.

JFD Brokers provide cryptocurrency trading in popular cryptos including Bitcoin and Ethereum.

Commodities Trading

The commodity markets have had a major impact on nations and people throughout history and remain popular to this day. There are different categories of commodities which are all supported by the same basic economic principles: lower supply equals higher prices.

JFD offers commodities trading on Brent Crude Oil and WTI Crude Oil.

ETFs & ETNs Trading

Exchange traded funds (ETFs) are a popular asset whilst exchange traded notes (ETNs) are something that many retail investors may not be familiar with. ETNs work in a similar way to ETFs as both track an underlying asset, often have lower expense ratios than actively managed mutual funds and both trade on the major exchanges just like stocks.

The main difference is that when you invest in an ETF, you are investing into a fund that holds the asset it tracks, whereas an ETN is similar to a bond, and can be held to maturity, bought or sold at will.

With JFD, you can trade a good selection of 21 ETFs and 4 ETNs.

Forex Trading

The foreign exchange market (forex) is based on supply and demand. It is one of the largest markets in the world in terms of trading volume. Forex prices are influenced by numerous different factors, including interest rates, inflation, government policies, employment figures and demand for imports and exports.

Historically, only wealthy investors, large financial institutions, corporations or banks had the resources to participate in the forex market but the development of the internet and commercial computing technology, it is now possible for any individual retail trader to buy and sell currencies.

Forex is a popular market due to the availability of leverage and fact that it is open 24 hours. Although it presents plenty of opportunities, there are always risks involved with trading, thus it is imperative to understand these before you start.

JFD give you access to trade a great variety of 66+ major, minor and exotic currency pairs such as EURUSD, GBPUSD, USDJPY, USDCHF, EURGBP, EURJPY and more.

Metals Trading

The broker also provides metals trading on gold and silver.

Accounts

I like how JFD Brokers keep things simple by offering one trading account type for all clients with the same set of conditions. The minimum account balance is $500 and leverage of up to 1:400 is available. If the minimum balance is too much for you at the moment, you may want to look at Fusion Markets as they have a $1 minimum deposit instead.

The one account has access to all platforms and trading instruments, with direct market access (DMA) and STP execution. Hedging and scalping is allowed.

There is a competitive commission fee starting from $6 on CFDs, FX & Metals but no commission on physical stocks. Overnight swap fees are charged excluding CFDs on futures contracts.

They offer free demo accounts which provide the same JFD experience as with a live account and allow you to familiarise yourself with the platforms and conditions.

There is a monthly inactivity fee of $20 or the equivalent in the account currency. It is charged when there is no trading or funding activity on the account for 3 consecutive months. The inactivity fee is only charged if there are enough fees in the account and there is no inactivity fee for accounts that have not yet been funded.

Account Signup

In order to open a trading account with JFD Brokers, you will need to complete an online application form. This includes personal details and a short questionnaire related to your trading knowledge and experience. This is to ensure that the services offered are suitable for you and for your own protection. You will also need to upload a form of identification (e.g. passport or driver’s license) and a proof of address such as a utility bill no more than 3 months old. Once your account has been verified, you will be able to fund it and commence trading. I found the process to be relatively straightforward and like how everything is done online as it should be nowadays.

Support

JFD Brokers provide support 24 hours a day, 5 days a week. Multilingual support is available via phone, live online chat and email. Phone and live chat support hours are Sunday 23:00 CET to Friday 23:00 CET. All other JFD support departments are available from 08:00 – 17:00 CET Monday to Friday (excluding Cyprus Bank Holidays). I have always found them to be very helpful but believe they could improve by extending working hours to weekend to keep up with some competitors such as Trading 212 who have 24/7 support.

Funding

JFD Brokers have a variety of convenient methods for depositing and withdrawing funds from your trading account. This includes bank wire, credit/debit card and online payment systems such as Neteller and Skrill. I like the availability of digital wallets as I find this to be a quick and easy way to get access to my funds for trading. I don’t always want to wait around days for a bank transfer to clear in case I need to try and take advantage of some market news. Please note that some methods may only be available to specific countries and not all are available for both deposit and withdrawal. For even more funding options, FXPRIMUS have a greater selection.

The broker does not charge processing fees for withdrawals. However, some fees may be charged when using certain payment methods and JFD does not cover any third-party fees. Withdrawal requests are processed within the same day or next if outside working hours. The withdrawal time can vary depending on the payment provider and method. Bank transfers may take a few business days to clear whilst some methods can be instant.

Some payment systems may have transaction limits, restrictions, and requirements which are indicated on their respective websites. You may need to verify your account to remove limits on particular methods in some countries. JFD strictly does not accept third-party payments. All funds deposited into your trading account must be under the same name as your JFD trading account.

Accounts can be opened in a reasonable selection of currencies including EUR, USD, GBP, CHF. The different currency options are beneficial as currency conversion fees do not apply when using an account in your own currency. Clients can transfer funds from one JFD account to another, without any charges, through the personal area in My JFD.

Conclusion

Overall, I believe that JFD Brokers is a great option for anyone who is looking to trade a large range of financial instruments with competitive trading conditions on excellent trading platforms along with professional trading tools. Insightful market analysis is also provided along with plenty of educational resources and frequent events to help increase trader’s knowledge. In addition to this, they offer a mirror trading service, managed accounts and a discounted VPS for qualifying traders. They are a very well-established and multi-regulated online broker that can cater to traders of all experience levels, from retail to institutional traders alike.

JFD Brokers Logo

$500

JFD Brokers is an established, multi-regulated online broker offering a great selection of more than 1,500+ instruments over 8 asset classes, including physical stocks and commission free trading. They have a good selection of powerful trading platforms and robust trading tools for comprehensive market analysis.

Between 74-89% of retail investor accounts lose money when trading CFDs with this provider.


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