According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
- $500
- MT4
- MT5
- WebTrader
- Stock3
- 2011
Our Evaluation of JFD Brokers
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
JFD Brokers is a moderate-risk broker with the TU Overall Score of 5.86 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by JFD Brokers clients on our website, Traders Union expert Anton Kharitonov recommends users to thoroughly analyze pros and cons before opening an account with this broker as not all clients are satisfied with the company, according to reviews.
Since JFD Brokers started its operation in 2011 and is regulated by three organizations, its reliability is beyond doubt. Traders get universal competitive conditions, such as hundreds of assets from different groups, high leverage, several trading platforms, and no trading restrictions. The minimum trade size is 0.01 lots, also traders can buy and sell stocks at zero fees. There are withdrawal fees, which depend on the withdrawal channel and the asset. Third-party income options are not available. Experts emphasize high-quality comprehensive education.
Brief Look at JFD Brokers
JFD Brokers is the brand name of JFD Group Ltd, which provides brokerage services under the supervision of the Cyprus Securities and Exchange Commission (CySEC), the National Securities Market Commission (CNMV), and the Vanuatu Financial Services Commission (VFSC). Traders can open a demo or live accounts, and available currencies are USD, EUR, GBP, and CHF. The minimum deposit is $500, €500, £500, or ₣500. The broker offers over 1,500 trading instruments, including currency pairs, stocks, precious metals, ETFs (Exchange-Traded Funds), and CFDs (Contracts for Difference). CFDs on cryptocurrencies, stocks, indices, commodities, ETFs, and ETNs (Exchange-Traded Notes) are available. The maximum leverage is 1:400. Traders can work through the MetaTrader 4 (MT4), MetaTrader 5 (MT5), WebTrader, and Stock3 trading platforms. It is possible to install the StereoTrader extension for MT4 and MT5, which opens up new modes, order types, and useful features. The broker provides neither investment solutions nor referral programs.
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- Intuitive interface of the user account, low entry threshold for traders of any level, and a demo account;
- There is only one trading account type with universal conditions, suitable for most traders due to tight spreads and high leverage;
- Traders can work with various trading platforms and their mobile versions, also installation of plugins and extensions is available;
- The broker does not set restrictions on trading styles and strategies, so traders can use bots and advisors, scalp, and hedge;
- Traders have the opportunity to buy stocks (not CFDs on stocks) without any fee. More than 600 assets are represented in this category and their number is growing;
- Clients’ funds are kept separately from the company's funds and traders can contact the compensation fund in case of emergency;
- Technical support is provided by several call centers, live chat, and email, and is available 24/5.
- Traders are charged spreads and trading fees. This information is not transparent, it becomes available while trading;
- The broker does not provide passive investment options, there are no specialized solutions, referral programs, or copy trading;
- Despite the generally high quality of technical support, it is not available on weekends.
TU Expert Advice
Author, Financial Expert at Traders Union
JFD Brokers offers a wide range of trading instruments, including currency pairs, stocks, precious metals, ETFs, and CFDs on cryptocurrencies, stocks, indices, commodities, ETFs, and ETNs. It supports multiple trading platforms such as MetaTrader 4, MetaTrader 5, WebTrader, and Stock3 with additional features and extensions. The broker provides competitive trading conditions, including high leverage up to 1:400, zero-fee stocks, and a user-friendly demo account. Traders benefit from multilingual client support available 24/5.
Despite its advantages, JFD Brokers has drawbacks such as the lack of passive investment options, referral programs, and total transparency about trading fees and spreads, which are only disclosed during trading. The broker requires a relatively high minimum deposit of $500, offering only a single live trading account type. JFD Brokers may appeal to experienced traders who prefer active trading strategies but may not be best suited for those seeking passive income or transparent fee structures.
JFD Brokers Trading Conditions
| 💻 Trading platform: | MT4, MT5, WebTrader, and Stock3 |
|---|---|
| 📊 Accounts: | Demo and Standard |
| 💰 Account currency: | USD, EUR, GBP, and CHF |
| 💵 Deposit / Withdrawal: | Bank transfer, Sofort, Payabl., Skrill, Neteller, and Nuvei |
| 🚀 Minimum deposit: | $500, €500, £500, or ₣500 |
| ⚖️ Leverage: | Up to 1:400 subject to the asset |
| 💼 PAMM-accounts: | No |
| 📈️ Min Order: | 0.01 |
| 💱 EUR/USD spread: | 0,1 pips |
| 🔧 Instruments: | Currency pairs, stocks, precious metals, ETFs, and CFDs |
| 💹 Margin Call / Stop Out: | No |
| 🏛 Liquidity provider: | No |
| 📱 Mobile trading: | Yes |
| ➕ Affiliate program: | No |
| 📋 Order execution: | No |
| ⭐ Trading features: |
One account type (demo account is also available); High leverage; Many financial instruments; Trading through different platforms is possible; Prompt technical support; High-quality education; No options for passive income |
| 🎁 Contests and bonuses: | Yes |
Usually, the minimum deposit depends on the account type, but JFD Brokers offers only one live account and a demo account, which does not require a deposit. Therefore, the minimum balance replenishment is fixed, it is $500, €500, £500, or ₣500. Keep in mind that this is the minimum level, so you can replenish the balance by a larger amount, say, $1,000 or $5,000. Leverage always depends on the asset. Its maximum for currency pairs is 1:400. You don't have to use leverage, but it does increase your profit potential. Finally, technical support is an important criterion that determines the quality of service. JFD Brokers offers multiple call centers by region, live chat, and email. All these channels operate 24 hours per day, excluding weekends and public holidays in Cyprus.
JFD Brokers Key Parameters Evaluation
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Trading Account Opening
To start trading with the broker, go to its website, register, get verified, and make a deposit. No deposit is required for a demo account. Below is a step-by-step registration guide.
Go to the main page of the broker's website and select the interface language in the upper right corner. Then click the "Start Now" button.
Select the account type (personal, demo, or corporate) and the trading platform. Enter your first and last names, nationality, date of birth, phone number, and email. Then enter the exact residential address and tax information. Answer a few questions in the yes/no format and click the “Next” button.
Next, provide information on your place of employment and income. Select the preferred deposit options. Click the “Next” button.
Specify the account currency, preferred financial instruments, and provide your trading experience by answering simple questions. Then click the “Next” button.
At the final stage of registration, read the terms of service and agree to them by ticking all the boxes. After that, click the "Next" button.
Follow the confirmation link which will be sent to the specified email. After that, an email with registration information will be sent. Open it and click the "Login to my JFD" button.
Go to the login menu on the broker's website. Enter your email and password, then click the "Login" button. Read the terms of cooperation again and agree to them by clicking the "Accept and Continue" button. To change the password: Enter the one that came in the email, then make a new password and enter it twice. After that, you will get access to your user account.
In the "Documents" menu, upload a scan/photo of a document confirming your identity. It could be a passport or driver's license. In the "Bank details" menu, specify the card for deposits and withdrawals. You can specify additional deposit/withdrawal channels. Wait for the broker's specialists to check your information. It takes 1-3 days. After successful verification, you can open a trading account in the "Trading Accounts" menu.
Features of JFD Brokers’ user account:
My JFD Home. Here traders upload documents, select deposit/withdrawal channels, and adjust personal information and security settings;
Trading Accounts. This menu allows traders to open and close accounts (demo or live), as well as track basic information on them;
Physical Stocks. Here traders can find information on their work with stocks, which are displayed in a separate menu of the user account;
Deposit. This section allows traders to select the deposit channel and its options;
Withdrawal. Here traders submit withdrawal requests and monitor them;
Currency Converter. This menu provides an integrated service for converting currencies available on active accounts;
Platforms and Trading Tools. Here traders can download the distributive kit of MT4 and MT5 and their extensions.
Regulation and safety
JFD Brokers has a safety score of 9.7/10, which corresponds to a High security level. The safest brokers are those with Tier-1 regulation, a long history (over 10 years in the market), and participation in investor compensation schemes.
- Tier-1 regulated
- Negative balance protection
- Track record over 14 years
- Strict requirements and extensive documentation to open an account
JFD Brokers Regulators and Investor Protection
| Abbreviation | Full Name | Country of regulation | Investor Protection Fund | Regulation Level |
|---|---|---|---|---|
 VFSC |
Vanuatu Financial Services Commission | Vanuatu | No specific fund | Tier-3 |
 CySec |
Cyprus Securities and Exchange Commission | Cyprus | Up to €20,000 | Tier-1 |
 CNMV |
Comisión Nacional del Mercado de Valores | Spain | Up to €100,000 | Tier-1 |
JFD Brokers Security Factors
| Foundation date | 2011 |
| Negative balance protection | Yes |
| Verification (KYC) | Yes |
Commissions and fees
The trading and non-trading commissions of broker JFD Brokers have been analyzed and rated as Low with a fees score of 10/10. Additionally, these commissions were compared with those of the top two competitors, Pepperstone and OANDA, to provide the most comprehensive information.
- Low Forex trading fees
- Tight EUR/USD market spread
- No inactivity fee
- No deposit fee
- No withdrawal fee
- Complex fee structure
Trading Fees and Spread
Below, we evaluated and compared the trading commissions of JFD Brokers with those of two competitors. We focused on the spreads and other transaction fees directly associated with executing trades (e.g commission per lot on an ECN account). This comparison aimed to provide a clear understanding of the cost efficiency of each broker.
Standard Account Spread
For Standard accounts, JFD Brokers’s commissions are part of the floating spread, which varies with market conditions. Typical values are provided, but during high volatility, the spread may exceed these.
JFD Brokers Standard spreads
| JFD Brokers | Pepperstone | OANDA | |
| EUR/USD min, pips | 0,2 | 0,5 | 0,1 |
| EUR/USD max, pips | 0,4 | 1,5 | 0,5 |
| GPB/USD min, pips | 0,5 | 0,4 | 0,1 |
| GPB/USD max, pips | 0,7 | 1,4 | 0,5 |
RAW/ECN Account Commission And Spread
The spread on ECN/RAW accounts is market-based and fluctuates, with average values given during active hours. It may vary during volatility spikes. A commission per lot is also charged.
JFD Brokers RAW/ECN spreads
| JFD Brokers | Pepperstone | OANDA | |
| Commission ($ per lot) | 2,7 | 3 | 3,5 |
| EUR/USD avg spread | 0,1 | 0,1 | 0,15 |
| GBP/USD avg spread | 0,1 | 0,15 | 0,2 |
Non-Trading Fees
We conducted a detailed analysis of the non-trading fees associated with JFD Brokers. This review offers a comprehensive overview of the additional costs that may impact traders beyond regular trading activities.
JFD Brokers Non-Trading Fees
| JFD Brokers | Pepperstone | OANDA | |
| Deposit fee, % | 0 | 0 | 0 |
| Withdrawal fee, % | 0 | 0 | 0 |
| Withdrawal fee, USD | 0 | 0 | 0-15 |
| Inactivity fee ($, per month) | 0 | 0 | 0 |
Account types
Usually, experts of Traders Union advise to start by choosing an account. However, JFD Brokers offers only two account types, namely demo and live. A demo account does not require a minimum deposit, it is used to get acquainted with the platform and work out strategies. This account can be opened very quickly, it uses data from the interbank market, but trading is carried out with virtual funds. Live accounts of JFD Brokers have universal conditions, such as over 1,500 financial instruments, leverage of up to 1:400, zero-fee stocks, and floating spreads. These parameters are suitable for the majority of traders, regardless of their experience, skills, and ambitions. That's why, when working with JFD Brokers, the only thing you need to understand at the beginning is which trading platform to use. The answer to this question can only be found through a comparison. Also, the broker has a separate page dedicated to supported trading platforms.
Account types:
Note that a demo account can be opened on any of the supported trading platforms, similar to a live account. This is a reasonable decision if you want to try the platform or have not traded on it for a long time.
Deposit and withdrawal
JFD Brokers received a Medium score for the efficiency and convenience of its deposit and withdrawal processes.
JFD Brokers provides a reasonable range of deposit and withdrawal options with moderate fees, in line with industry standards.
- Low minimum withdrawal requirement
- Bank wire transfers available
- No deposit fee
- No withdrawal fee
- Wise not supported
- Only major base currencies available
- BTC not available as a base account currency
What are JFD Brokers deposit and withdrawal options?
JFD Brokers provides a basic range of deposit and withdrawal options, covering essential methods in line with industry standards. This set of options is sufficient for most traders, with available methods Bank Wire, Skrill, Neteller.
JFD Brokers Deposit and Withdrawal Methods vs Competitors
| JFD Brokers | Plus500 | Pepperstone | |
| Bank Wire | Yes | Yes | Yes |
| Bank card | No | Yes | Yes |
| PayPal | No | Yes | Yes |
| Wise | No | No | No |
| BTC | No | No | No |
What are JFD Brokers base account currencies?
A wide range of base account currencies minimizes the need for currency conversion, potentially reducing transaction costs for clients worldwide. JFD Brokers supports the following base account currencies:
What are JFD Brokers's minimum deposit and withdrawal amounts?
The minimum deposit on JFD Brokers is $500, while the minimum withdrawal amount is $5. These minimums may vary depending on the chosen account type and payment method. For specific details, please contact JFD Brokers’s support team.
Markets and tradable assets
JFD Brokers provides a standard range of trading assets in line with the market average. The platform includes 1500 assets in total and 66 Forex currency pairs.
- Commodity futures are available
- ETFs investing
- 66 supported currency pairs
- Bonds not available
Supported markets vs top competitors
We have compared the range of assets and markets supported by JFD Brokers with its competitors, making it easier for you to find the perfect fit.
| JFD Brokers | Plus500 | Pepperstone | |
| Currency pairs | 66 | 60 | 90 |
| Total tradable assets | 1500 | 2800 | 1200 |
| Stocks | Yes | Yes | Yes |
| Commodity futures | Yes | Yes | Yes |
| Crypto | Yes | Yes | Yes |
| Stock indices | Yes | Yes | Yes |
| Options | No | Yes | No |
Investment options
We also explored the trading assets and products JFD Brokers offers for beginner traders and investors who prefer not to engage in active trading.
| JFD Brokers | Plus500 | Pepperstone | |
| Bonds | No | No | No |
| ETFs | Yes | Yes | Yes |
| Copy trading | Yes | No | Yes |
| PAMM investing | No | No | Yes |
| Managed accounts | No | No | No |
Customer support
Technical support is critical for a broker because traders sometimes face situations that they cannot solve on their own. It doesn't matter how good the FAQs section is on the website. Even with the most understandable and simple interface, there may be moments when brokers’ clients do not understand something or miss something important. Then managers’ assistance is needed. It is in the interests of brokers to ensure that support is available 24 hours a day. JFD Brokers specialists work 24/5. That is, a request submitted during weekends will be processed on the next business day in order of priority. Also, it is not possible to contact support on public holidays in Cyprus.
Advantages
- Non-clients of the broker can contact technical support
- Call center, live chat, and email are available
- Technical support responds in several European languages
Disadvantages
- Technical support is not available on weekends
Thus, if you have a difficult situation, contact JFD Brokers’ client support using the following communication channels:
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Global call center;
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Regional call center (numbers are listed in the “Contact Us” section);
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Email;
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Live chat on the website and in the user account.
The broker has its official profiles on Facebook, Instagram, Twitter, YouTube, and LinkedIn. It makes sense to subscribe to them so as not to miss anything important, for example, fresh analytics and information about holidays when technical support is not available.
Contacts
| Foundation date | 2011 |
|---|---|
| Registration address |
Kakos Premier Tower Kyrillou Loukareos 70 4156 Limassol, Cyprus iCount Building, 1st Fl. PO Box 211, Kumul Highway Port Vila, Vanuatu Paseo de la Castellana 140 Floor 11 right Madrid, 28046, Spain Central Point, 6th fl. 54 Osmi Primorski Polk Blvd Varna, 9002, Bulgaria |
| Official site | https://www.jfdbrokers.com/ |
| Contacts |
+49 40 87408688
|
Education
Traders are only successful when they progress. They need to constantly trade, learn new methods, practices, and styles of trading, and communicate with colleagues and experts. Many brokers understand this and offer education systems. JFD Brokers is definitely at the top of the list in this regard, because its educational program is represented by expert articles, a smart newsfeed, and webinars that take place several times a day.
JFD Brokers offers a wide range of educational materials. It makes sense for novice traders to start with Trading Glossary, then go to the "Our Experts" section and read collections of materials from professionals. Experienced traders can go directly to the Market News and Analysis. Webinars will be of interest to everyone, you just need to look at the topic in advance.
Comparison of JFD Brokers with other Brokers
| JFD Brokers | Bybit | Eightcap | XM Group | Kama Capital | InstaForex | |
| Trading platform |
MT4, MT5, WebTrader, Stock3 | MetaTrader5 | MT4, MT5, TradingView | MT4, MT5, MobileTrading, XM App | MetaTrader5 | MT4, MultiTerminal, MobileTrading, MT5, WebTrader |
| Min deposit | $500 | No | $100 | $5 | No | $1 |
| Leverage |
From 1:1 to 1:400 |
From 1:1 to 1:500 |
From 1:30 to 1:500 |
From 1:1 to 1:30 |
From 1:1 to 1:400 |
From 1:1 to 1:1000 |
| Trust management | No | No | No | No | No | Yes |
| Accrual of % on the balance | No | No | No | No | No | No |
| Spread | From 0 points | From 0 points | From 0 points | From 0.8 points | From 0 points | From 0 points |
| Level of margin call / stop out |
No | No / 50% | 80% / 50% | 100% / 50% | 20% / No | 30% / 10% |
| Order Execution | No | Market Execution | Market Execution | Market Execution | Market Execution | Instant Execution |
| No deposit bonus | No | No | No | No | No | No |
| Cent accounts | No | No | No | No | Yes | Yes |
Detailed review of JFD Brokers
JFD Brokers uses advanced technology such as virtual private servers (VPS) with increased stability. The company partners with international web hosting company Fozzy, which was one of the first to implement the Hyper-V visualization architecture. JFD Brokers is also an official partner of MyTradeHost. This allows the platform to provide exceptional speed in processing transactions and bringing them to the interbank market in the shortest possible time. Also, the user account is universal as there are no confusion or restrictions. Traders only need to register and install a suitable trading platform. And if they have any questions during the trading process that cannot be solved with the help of the FAQs, they can always contact technical support, which is rated by users with the highest score.
JFD Brokers by the numbers:
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12 years on the market;
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Over 1,500 instruments;
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Leverage is up to 1:400;
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4 account currencies;
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Payment for webinars is $0.
JFD Brokers is great for working with different asset types
Some brokers focus on a specific group of assets, such as currency pairs. There are quite a few companies that work only with CFDs, and they are called CFD brokers. They may have many advantages, but the pool of financial instruments is definitely not a strong point for such companies. Why? Because the more assets there are, the less traders limit themselves. They work at their own pace and use almost any trading methods and strategies. Another important advantage of a wide choice of instruments is the opportunity to diversify risks. Let's say you can trade currencies, indices, and cryptocurrencies. This will allow leveling drawdowns in one market due to successful layouts in others. This is not about a universal algorithm of actions, but, with other things being equal, the more assets, the better. JFD Brokers offers currency pairs, stocks, precious metals, ETFs, and a wide range of CFDs on various assets for trading.
Useful services offered by JFD Brokers:
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History Data Export. This option allows traders to see how this or that asset behaved in a selected period of time. The tool allows you to compare historical quotes with real ones in order to conduct a comprehensive technical analysis;
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Market News and Analysis. The JFD Brokers feed differs from similar services of other brokers in that it is structured, has several sections, and publications can be filtered by various parameters. So, traders receive the maximum target summary;
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Webinars and Live Events. The platform provides traders with the opportunity to join online broadcasts conducted by experts. There are up to 7 broadcasts per day, the exact schedule and topics of upcoming webinars can be found in the corresponding section.
Advantages:
The company is licensed and operates under the supervision of three regulators, which is a guarantee of reliability, transparency, and security;
The broker provides a choice of trading platforms, such as MetaTrader 4, MetaTrader 5, WebTrader, and Stock3 with the opportunity to connect plugins;
The single account with universal trading conditions eliminates the need to puzzle over which account to choose;
The broker uses advanced solutions such as VPS with Hyper-V architecture to provide its clients with the most comfortable trading conditions;
Traders are not limited in strategies and methods, they can trade news, hedge, scalp, and use advisors;
Spreads are average or below the market average, the same applies to trading and withdrawal fees;
The broker has no hidden fees, technical support works 24/5, and traders control their accounts in detail through their user accounts.
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