JFD Brokers Review |
|
| 📅 Year founded |
2011 |
| 📈 Multiple top-tier regulation |
Yes |
| 📍 Headquarters |
Limassol, Cyprus |
| 🌍 Country of regulation |
Cyprus / Vanuatu |
| ✅ Regulators |
CySec / VFSC |
| 📈 Execution Type |
Market Execution |
| 💰 Minimum Deposit |
$500 USD (or equivalent base currency) |
| 🛡️ Negative Balance Protection |
Yes |
| 📉 Trading Platforms |
MetaTrader4 / MetaTrader5 / Stock3 |
| ☪ Islamic account |
Yes |
| 📉 Trading Instruments |
Forex / Indices / Commodities / Stocks / ETFs and ETNs / Cryptocurrencies |
| 📱 Mobile trading |
iOS / Android / Windows |
| 💳 Payment Types Accepted |
Debit and Credit Card / Bank Wire Transfer / Skrill / Neteller / Nuvei / Sofort / Payabl |
| 🎮 Demo Account |
Yes |
| ⓒ Copy Trading |
Yes |
| 🎁 Bonus Offer |
None |
| 💰 Account Currencies |
USD / EUR / GBP / CHF |
| 📈 Minimum Trade |
0.01 Lots |
| 📈 Account Types |
ECN / STP |
| 📈 Margin Trading |
Yes |
| 📈 Trading fees |
Low |
| 📈 Inactivity fee |
$20 USD or equivalent base currency after 3 consecutive months |
| 💰 Withdrawal fee |
None |
| ☎ Customer Support |
24/5 |
| 💰 Max. Leverage |
30:1 |
| ✔️ Hedging Allowed |
Yes |
| ✔️ Scalping Allowed |
Yes |
| 💰 Commission |
From $2.7 USD per lot (variable) |
| 💰 Spreads |
Variable |
| 💰 Leverage |
Flexible |
| 💰 Currency Pairs (Total Forex pairs) |
66 + |
| 🔢 Number of clients |
Unknown |
| 🥇 Instruments Offered |
1 500 + |
| 📙 Education |
Start Learning |
WHAT IS JFD BROKERS?
JFD Brokers, founded in 2011, stands for “Just Fair & Direct.” The name itself encapsulates the ethos of the company: a commitment to providing transparent and direct trading services to its clients.
It operates under the legal name JFD Group Ltd and has established itself as a reputable player in the competitive forex and financial trading industry.
JFD Brokers is regulated by multiple regulatory bodies, the Cyprus Securities and Exchange Commission (CySEC) and the Vanuatu Financial Services Commission (VFSC). The regulation by CySEC ensures that JFD Brokers adheres to EU financial regulations, which include stringent operational standards and client protection measures such as segregated client accounts and participation in the Investor Compensation Fund.
The VFSC regulation allows the broker to offer certain trading benefits, such as higher leverage, which might be restricted under European regulations.
The firm’s regulatory status enhances its credibility and provides a layer of security to investors who might be concerned about the safety of their funds and the integrity of their broker. JFD Brokers emphasises its non-dealing desk model of order execution, which avoids any potential conflict of interest with its clients.
JFD Brokers caters to a broad spectrum of traders, from novices to experienced professionals and institutions, offering access to a wide range of financial instruments. The broker’s client-centric approach is evident in their offering of competitive spreads, a transparent pricing structure and a robust technological infrastructure designed to provide traders with a superior trading experience.
This dedication to fairness, transparency and quality service is what defines JFD Brokers and sets it apart in the crowded and often complex landscape of financial trading services.
INTRODUCTION
JFD Brokers has rapidly developed into a key player in the world of online trading. Based in Limassol, Cyprus, the brokerage has crafted a strong identity centred on transparency, reliability and directness in all its dealings with clients.
Since its inception, JFD Brokers has committed itself to upholding the principles of fairness and direct customer engagement. This is not just a business model but a core philosophy that permeates all aspects of the company’s operations.
JFD Brokers has also set itself apart through a dedication to innovation and customer service. It continuously adapts to the evolving needs of traders by incorporating advanced trading technologies, comprehensive market research tools and educational resources designed to enhance the trading experience for clients at all levels of expertise.
The company’s growth and longevity are testimony to its successful approach, combining robust regulatory foundations with a dynamic service offering tailored to meet the diverse needs of traders worldwide.
PROS & CONS
PROS
- Regulated by CySEC and the VFSC.
- Offers a wide range of trading instruments with over 1 500 available.
- No dealing desk intervention.
- Commissions are fairly low.
CONS
- Limited promotions and bonus offers.
- High minimum deposit of $500 USD making the broker less accessible.
TRADING INSTRUMENTS
JFD Brokers offers a comprehensive range of trading instruments that cater to a broad spectrum of investors, from individuals to institutional clients. This diverse offering includes forex, indices, commodities, stocks, ETFs and ETNs and cryptocurrencies, providing clients with opportunities to diversify their investment portfolios and access various markets through a single platform.
Forex
JFD Brokers provides access to a vast array of currency pairs including major, minor and exotic pairs. This allows traders to benefit from the liquidity, 24-hour trading and tight spreads that the forex market offers.
The broker’s strong forex offering of over 65 currency pairs is enhanced by its deep liquidity pools and competitive pricing.
Indices
Traders at JFD Brokers can trade on major global indices, which include benchmarks from the USA, Europe, Asia and Australia. This segment allows clients to speculate on the overall performance of national economies and trade broad market trends without having to select individual stocks.
Commodities
The commodity trading offerings at JFD Brokers cover a wide range of products such as oil, gold, silver and other metals, along with agricultural products like coffee and sugar. Commodities are crucial for traders looking to hedge other investments or speculate based on market demands and economic indicators.
Stocks
The stock offerings include shares from all major stock exchanges across the globe, giving traders the opportunity to invest in high-profile companies from the U.S., Europe, Asia and more. This allows traders to take positions based on corporate performance and sector-specific trends.
ETFs and ETNs
Exchange-Traded Funds (ETFs) and Exchange-Traded Notes (ETNs) are also part of JFD Brokers’ portfolio. These instruments combine the attributes of mutual funds and conventional stocks, offering a diversified portfolio in a single security which can be traded with the ease of a stock on major exchanges.
This selection provides an efficient way to diversify investments and manage risk.
Cryptocurrencies
Understanding the demand for digital currencies, JFD Brokers facilitates trading in popular cryptocurrencies such as Bitcoin, Ethereum and Litecoin. This relatively new asset class is ideal for traders looking for high volatility and the potential for significant returns.
By offering such a wide range of trading instruments, JFD Brokers enables its clients to explore a multitude of trading strategies across different asset classes. This variety not only enhances the ability to spread investment risks but also allows traders to capitalise on different economic conditions.
Additionally, the breadth of JFD Brokers’ offerings ensures that they remain at the forefront of a highly competitive financial services market, adapting to trends and expanding their services to meet the evolving needs of their global clientele.
TRADING PLATFORMS
JFD Brokers provides its clients with access to some of the most renowned and widely used trading platforms in the industry: MetaTrader4 (MT4), MetaTrader5 (MT5) and Stock3. Each platform is designed to cater to different trading needs and preferences, allowing traders to select the one that best fits their trading style and strategies.
MetaTrader4 (MT4)
MT4 is arguably the most popular forex trading platform in the world and serves as a standard for many traders. JFD Brokers leverages MT4’s robust functionality to offer features such as advanced charting tools, a multitude of technical indicators and extensive back-testing options.
The platform is particularly favoured for its user-friendly interface and the ability to run automated trading strategies through Expert Advisors (EAs). It supports multiple order types and is highly customisable, making it ideal for beginners and experienced traders alike.
MetaTrader5 (MT5)
MT5 is the successor to MT4 and offers all the beloved features of its predecessor, along with additional capabilities designed to cater to more advanced traders. This platform supports more financial instruments including stocks, commodities and futures, making it a more versatile option for traders looking to diversify their portfolios.
MT5 also features more advanced charting tools, more timeframes, economic calendars integrated directly into the platform and improved order handling capabilities. For traders who engage in algorithmic trading, MT5 provides a more powerful environment for developing and testing automated trading systems.
Stock3
Stock3 is a newer addition to JFD Brokers’ platform offerings, specifically tailored for trading stocks. It is designed to provide an intuitive and efficient trading experience with real-time data, comprehensive market analysis tools and direct market access (DMA).
Stock3 allows traders to benefit from transparent pricing models and faster execution speeds. The platform is particularly suitable for traders who focus on stock markets and prefer a dedicated setup for their trading activities, although all trading instruments are available on this platform.
The combination of MT4, MT5 and Stock3 under JFD Brokers’ umbrella provides a comprehensive suite of tools for traders, regardless of their market focus or level of expertise. Whether a client is interested in exploring forex with the classic and reliable MT4, expanding into multi-asset trading with MT5 or focusing on stocks with the specialised features of Stock3, JFD Brokers caters to all these needs efficiently.
ACCOUNT TYPES
JFD Brokers simplifies its account offerings by providing two main types of accounts, each regulated under different entities within the JFD Group. This approach ensures that traders can choose an account that best suits their geographical location, trading needs and regulatory preferences.
JFD Group Ltd Account (Regulated by CySEC)
This account type is regulated by CySEC and is tailored to cater to traders within the European Union and other countries where strict regulatory compliance is required. The CySEC-regulated account adheres to stringent EU financial regulations which include measures such as lower leverage limits, negative balance protection and compliance with the Markets in Financial Instruments Directive (MiFID II) requirements.
These regulations ensure high standards of financial security and transparency, providing traders with a safe and reliable trading environment.
The CySEC-regulated account from JFD Group Ltd offers:
- Access to trade all instruments available on JFD Brokers.
- Leverage up to 30:1 for major forex pairs (for retail clients), which is in line with ESMA (European Securities and Markets Authority) regulations.
- Negative balance protection, ensuring that clients cannot lose more than their initial investment.
- Participation in the Investor Compensation Fund, offering additional financial protection to traders.
- Requires a minimum deposit of $500 USD.
- Commission starts at $2.70 USD per lot.
- Spreads are variable.
JFD Overseas Ltd Account (Regulated by VFSC)
The account under JFD Overseas Ltd is regulated by the VFSC, providing more flexible trading conditions. This account type is suitable for traders outside of the EU who can handle higher leverage and are looking for less stringent regulatory constraints.
The VFSC-regulated account is popular among international traders who prefer accessing broader trading conditions and higher leverage options.
Features of the VFSC-regulated account include:
- Higher leverage options, offering up to 400:1 for forex trading, which is significantly higher than what is available under European regulations.
- Access to the same range of trading instruments as the CySEC-regulated account.
- Requires a minimum deposit of $500 USD.
- Commissions start at $2.70 USD per lot.
- Spreads are variable.
Both account types provide:
- Access to JFD Brokers’ platforms, including MetaTrader 4, MetaTrader 5 and Stock3.
- Transparent pricing starting from raw spreads and competitive commission structures.
- Full support for automated trading solutions and advanced risk management tools.
It is worth noting that the broker also provides institutional account options for qualifying traders.
By offering these two distinct account types under its different regulatory entities, JFD Brokers caters to a diverse global clientele, balancing the need for both regulatory protection and trading flexibility. This allows traders to choose an account that not only meets their trading strategy needs but also aligns with their geographical and regulatory requirements, ensuring a tailored trading experience.
HOW TO OPEN AN ACCOUNT
The account opening process is streamlined online and be done via the broker’s website. Traders are required to register on the broker’s website with their personal details, before providing the relevant documentation required by the broker.
Once the documents have been verified, traders will select their account type according to the jurisdiction they fall under, deposit funds and begin trading.
DEMO ACCOUNT
JFD Brokers provides a demo account that mimics real market conditions, allowing new traders to practice strategies without financial risk. The demo account is also useful for more experienced trader who wish to test new strategies before implementing them on their live accounts.
SOCIAL TRADING AND COPY TRADING
The broker does not have its own proprietary social or copy trading features, however, these can be easily accessed via tools on the MetaTrader platforms such as EAs. Additionally, the Stock3 platform has its own social and copy trading features that can be utilised by traders.
COMMISSIONS AND FEES
JFD Brokers charges competitive commissions and fees, with transparency in their cost structure. The broker does not implement a fixed spread, as it varies according to the instrument traded and the volume available, while commissions are charged at $2.70 USD per lot, depending on the instrument traded.
The broker does charge swap fees, but also has an Islamic account option available to traders of the Islamic faith. Additionally, there are inactivity fees applicable of $20 USD per month after 3 months of inactivity.
LEVERAGE
The broker’s leverage is limited to 30:1 for traders who fall under the European jurisdiction but can be as high as 400:1 for international traders and institutional clients. As always, it is important for traders to understand the risks and the benefits of trading with leverage.
WITHDRAWALS AND DEPOSITS
Supports multiple deposit and withdrawal methods including bank transfers, credit and debit cards and various eWallets. The broker’s withdrawal times are swift and processed within one business day, while no fees are charged on deposits or withdrawals, although fees may be charged by third-party service providers.
CUSTOMER SERVICE
The broker’s customer service team is available 24/5 through email, live chat or via the phone. The team is able to assist in multiple languages and has received good reviews from customers regarding their ability to solve problems in an efficient and friendly manner.
SAFETY AND SECURITY
JFD Brokers places a strong emphasis on the safety and security of its clients’ funds and personal information. The broker’s commitment to these aspects is evident in its compliance with various regulatory standards and its adoption of advanced security measures.
The oversight by multiple reputable regulatory bodies plays a crucial role in ensuring that JFD Brokers maintains the highest standards of operational integrity and client protection.
JFD Brokers is regulated by the Cyprus Securities and Exchange Commission (CySEC) and the Vanuatu Financial Services Commission (VFSC). Each of these regulators mandates specific operational standards and practices designed to safeguard traders and ensure fair trading conditions.
Cyprus Securities and Exchange Commission (CySEC)
As a member of the European Union, Cyprus’s regulatory environment is one of the most stringent. CySEC enforces rigorous financial regulations that align with EU directives such as MiFID II (Markets in Financial Instruments Directive).
This includes requirements for transparency, client fund segregation and fair trading practices. CySEC-regulated brokers must adhere to strict capital adequacy requirements, submit regular financial reports and undergo periodic audits.
This ensures that JFD Brokers maintains high standards of financial stability and operational transparency. Additionally, clients under CySEC are also covered by the Investor Compensation Fund, which provides additional security by compensating clients in the unlikely event of the broker’s financial failure.
Vanuatu Financial Services Commission (VFSC)
The VFSC provides an international regulatory framework that allows JFD Brokers to offer flexible trading conditions while still adhering to essential safety measures. Although the regulatory environment in Vanuatu is not as strict as the EU’s, it still mandates important safeguards such as anti-money laundering (AML) practices.
JFD Brokers under VFSC regulation can offer higher leverage, appealing to traders looking for higher risk and reward scenarios.
Apart from regulatory oversight, JFD Brokers implements a variety of advanced security measures to protect its clients including the implementation of client fund segregation, SSL encryption, two-factor authentication, advanced risk management tools and regular audits.
The combination of strict regulatory oversight, rigorous security practices and robust risk management tools positions JFD Brokers as a secure and reliable choice for traders globally. This comprehensive approach to safety and security not only protects clients but also enhances the overall integrity and credibility of the broker.
PROMOTIONS
Currently, the broker does not offer any promotions or bonuses to its clients, however, this is subject to change and potential clients are encouraged to regularly view the broker’s website in the event that this changes.
RESEARCH
JFD Brokers provide a comprehensive range of research materials with market news and analysis, historical data exports and constant updates from their experts. Additionally, the broker’s provision of MT4, MT5 and Stock3 ensure that their traders have access to the wide range of research tools available on those platforms.
Traders also have the option of joining the JFD Club, where they are able to interact with professional traders and be involved in conversations regarding the latest market movements.
EDUCATION
Offers an extensive range of educational resources including webinars, seminars and a trading glossary. As mentioned above, the JFD Club also represents a superb learning tool for new traders should they wish to join.
GLOBAL AWARDS
Over the years, the broker has received numerous global awards highlighting the quality trading environment provided by the broker. Some of their most recent awards include the following:
- The Most Transparent Forex Broker Cyprus (2023) – Global Business and Finance Magazine.
- Best Multi-Asset Investment Company Cyprus (2023) – Finance Derivative.
- Leading Forex Broker Cyprus (2023) – Gazet International Global Magazine.
- Best Multi-Asset Investment Services Company Western Europe (2022) – International Business Magazine.
- Best Commission Free ETF Trading Platform Europe (2021) – World economic Magazine.
- Best Forex Broker Europe (2021) – Finance Derivative.
These are just some of the awards won by the broker with over 22 being won in the past 5 years alone.
SAFE OR SCAM?
JFD Brokers is widely regarded as a safe and legitimate broker. This positive reputation is grounded in several factors that reflect the broker’s commitment to transparency, regulatory compliance and client protection.
JFD Brokers is regulated by two significant bodies being CySec and the VFSC. CySEC is particularly well-respected in the financial community for its strict adherence to European Union financial regulations, which include rigorous transparency and client protection measures.
Regulation by CySEC ensures that JFD Brokers operates under strict guidelines that mandate fairness, financial stability and the ethical handling of client assets. VFSC regulation, while offering more flexible trading conditions, still provides a basic regulatory framework that JFD adheres to, ensuring a degree of safety for traders.
JFD Brokers adheres to the industry best practice of segregating client funds from the company’s operating funds. This means clients’ money is held in separate bank accounts, ensuring that their funds are not used for any other purposes and are protected in the event of the broker’s financial instability.
Additionally, clients under CySEC regulation benefit from the Investor Compensation Fund, which can compensate them if the broker is unable to fulfil its financial obligations.
The broker implements state-of-the-art security measures to protect clients’ data and transactions. This includes the use of SSL encryption to secure online transactions and personal data, alongside rigorous internal and external audits to ensure operational integrity and compliance with financial regulations.
JFD Brokers has established a solid reputation over the years, supported by positive feedback from many clients who appreciate the broker’s transparent pricing model, reliable customer service and the breadth of trading options available. This ongoing client satisfaction is a strong indicator of the broker’s legitimacy and commitment to upholding high standards of service and security.
CONCLUSION
JFD Brokers stands out in the forex industry as a reliable and innovative broker, suited for traders who seek a transparent and direct trading environment. While it may be less attractive for beginners due to its complex interface and detailed trading environment, it offers ample resources to help all traders succeed.
Besides the high minimum deposit requirement which makes the broker less accessible, the team at Brokersuggest.com highly recommends JFD Brokers as a superb trading partner that offers a high quality trading environment.
