JFD Brokers Review

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Company Information JFD Brokers is a relatively new Forex broker. The abbreviation stands for “Just Fair & Direct.” The company launched some years ago, in 2011, right the day before… more

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BrokerJFD Brokers
Website URLhttps://www.jfdbrokers.com/
HeadquartersLimassol, Cyprus
Support Number+357 25 878530; +49 69175374271
Support Emailinfo@jfdbrokers.com
Support TypesPhone, Live Chat, E-mail
LanguagesEnglish, French, Czech, German, Russian
Minimum 1st Deposit500 CCY
Minimum Trade Amount0.01 lots
PayoutUp to 400:1
Free Demo AccountYes
Regulated Yes
RegulationCySEC; BaFIN; FCA, MiFID
Deposit MethodsVisa. MasterCard, Maestro, Poli
Withdrawal MethodsVisa. MasterCard, Maestro, Poli
Types of AssetsForex, Precious Metals, Equties, Indices, Commodities, Bonds
US Traders Allowed No
Mobile Trading Yes
Tablet Trading Yes

Full Review

Company Information

JFD Brokers is a relatively new Forex broker. The abbreviation stands for “Just Fair & Direct.” The company launched some years ago, in 2011, right the day before Christmas. The business had a good start and expanded enough to get into the list of top 20 largest online brokers and top 3 largest MetaTrader 4 brokers worldwide. The broker has quite a strong presence in the Western Europe region. However, it services over 60 countries on five continents. JFD is internationally licensed for various kinds of financial services. JFD Brokers is just one of their hubs. JFD Wealth is their asset and wealth management solution. It focuses on absolute return Quants/HFT and capital safe structured products. JFD Research is their market research and analysis service. It dabbles with market research, corporate services and various types of analysis. JFD Prime is the prime brokerage division of JFD. JFD Prime offers access to all the main exchanges and OTC liquidity venues. JFD Brokers is being preferred by thousands of traders all around the world. There are good reasons for this and the spreads, margins and fairness are just a few of them. The main selling point of JFD is the ability to service investors, HNW, banks, funds, family offices, financial institutions and brokers. JFD Brokers is regulated by CySEC and is located in Cyprus.

Trading Information

JFD Brokers offer some great terms in case you want to create an account with them. JFD offers swap free accounts, segregated accounts, managed accounts and accounts for money managers. There is also no interest on the margin. JFD allows trading with a large variety of instruments. Forex is just one of the opportunities this broker gives you – the full list includes oil, gold, metal, indices, ETFs, CFDs, stocks and commodities. Before you can finalize the creation of your account, you can try the platform out. The demo account creation lets you choose your leverage – 1:100 or 1:200. You can also choose the currency and sum of demo money you will use for trading. These numbers range from 3000 to 5 000 000. Given the fact that most Forex brokers let you use a fixed sum, JFD is already a leader in this paragraph. The minimum deposit for the regular account is $500. Maximum possible leverage is 1:400, quite a good number, considering you can go even lower and trade with more risk. Minimum lot size is 0.01, while the maximum is set to 1000. The commission on trades is 0.8. The tight spreads are variable, and the numbers are displayed up to the 5th decimal. The good news for many of you traders is that JFD Brokers have allowed scalping.

Trading Platforms

There are too many platforms to choose from nowadays. If the globally accessible ones don’t comply with brokers’ ideas, the companies usually develop their own platforms. JFD Brokers, however, decided to go with the most popular Forex trading platform in the world – MetaTrader 4. Despite its 5th edition, MT4 is still the most widely used, flexible and customizable trading platform. With MT4 and JFD, clients can make good use of the mobile trading app. However, JFD Brokers doesn’t offer web-based trading. You can use their API to get valuable information. JFD Brokers have allowed various other options like Hedging, Trailing Stops, One click trading. As mentioned, many of the traders will love the scalping function. MT4 also offers great informational features, like a streaming news feed, trading from charts, market commentary, email and mobile alerts.

Security and customer service

JFD Brokers are a top class Forex broker, and as such, they value their virtual security. First is the website security. JFD are using advanced SSL encryption to protect the incoming and outgoing data of their customers. JFD Brokers are using segregated accounts. Your funds are held in accounts, separate from the company funds. In case something happens to JFD, your money will be safe and sounds in your account. The company’s certification by CySEC means the strict control of the regulating bodies will ensure a level trading field for everybody.

The customer service is fantastic. They are open 24/5, from 21:00 GMT on Sundays to 22:00 GMT on Fridays. The department can be contacted by phone, fax, e-mail and the instant chat feature. The people working there are extremely professional and willing to cooperate. You can get an issue resolved in no time. Traders can also place their trades over the phone.

The website supports several languages. You can see them listed in the tab here on this page.

Deposits and Withdrawals

JFD Brokers supports four currencies – USD, GBP, EUR, and CHF. Funding your account and withdrawing money is quite easy to do. Traders can use some of the traditional channels like credit, debit card, and wire transfer. Feel free to check the full list right here on this page. Usually, the transfers don’t take more than 3-5 business days. Some traders have reported longer wait times, but those are rare cases and depend on many factors. You can always expect your money to come to you promptly. There are generally no transfer taxes, but certain payment methods may apply their own rates. It’s best to read the fine print details on the JFD Brokers website beforehand.

Deposit bonus and loyalty programs

Few Forex broker websites offer any rewards. JFD Brokers is no exception regarding the deposit bonus. However, their elaborate partnership program lets people move up in the trader hierarchy and start earning more with time. If you wish to become a broker yourself and help clients get in the world of Forex trading, JFD Brokers’ system is perfect for you. Your customers will benefit from all the features the broker has to offer. Additionally, you will receive a scalable IT infrastructure, an exclusive partnership support team, various connection options and more. You can always contact JFD Brokers to learn more about the partnership program. They will be happy to answer all your questions.

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