JFD Brokers Review
- Excellent Trading platforms
- Great customer service & support
- Highly regulated
- Competitive fees and commissions
- No significant disadvantages
- Bitcoin is the only cryptocurrency asset available to trade
JFD Brokers is an international online trading brokerage offering the trading of forex, precious metals, and CFDs on an extensive variety of financial assets across numerous markets. In their name “JFD” stands for Just, Fair & Direct, which is their motto and vision for providing high quality and transparent trading services. JFD Brokers was established in 2011 and is owned and operated by JFD Group Ltd. with their headquarters located at Kakos Premier Tower, Kyrillou Loukareos 70, 4156 Limassol, Cyprus. The brokerage also has head branches in Bulgaria and Germany and accepts and serves traders from nearly everywhere in the world and offers their services in 6 different languages.
JFD Brokers can be an international trading brokerage because they are highly regulated by numerous reputable regulatory authorities such as the Cyprus Securities and Exchange Commission (CySEC) in Cyprus, the Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin) in Germany, the Financial Conduct Authority (FCA) in the UK, and the French Prudential Supervision and Resolution Authority (ACPR) in France. Also, JFD Brokers is also MIFID compliant and is a member of the Investor Compensation Fund (ICF). The brokerage has become well respected among traders and other firms from all around the world. In the following review we’ll delve deep into the aspects that make up this online trading brokerage and see what sets JFD Brokers apart from the competition.
JFD Brokers provides their clients with a variety of trading platforms to choose from; the MetaTrader 5 (MT5), MetaTrader 4 (MT4), and the Guidants trading platforms. All these trading platforms are highly sophisticated and favorable to different traders depending on their preference. Below we’ll briefly delve into the aspects of each trading platform.
MetaTrader 5 (MT5)
The MT5 trading platform is the new and improved MT4 platform. The platform is essentially the same but with some technical upgrades for an improved and more advanced experience. Some improvements from the MT4 platform include:
- More detailed market watch feature with additional tabs
- An improved economic calendar
- New and expanded charting capabilities
- Even more technical indicators and graphical objects
- More order types
MetaTrader 4 (MT4)
This platform is the most popular trading platform in the world and is still preferable over the new and improved MT5 trading platform. The platform comes complete with institutional grade trading tools, charting tools, and technical indicators. JFD Brokers features the whole suite of MT4 products including the MT4 desktop applications, MT4 WebTrader, and MT4 mobile applications for Apple and Android devices.
This platform is one of the leading trading platforms in Germany and is only available for German traders. Like the MetaTrader platform, Guidants is highly advanced and features a wide array of technical indicators, analysis tools, chart types and more. Some differentiating aspects of this platform are its unique social interactivity and webinars within the platform.
JFD Brokers offers traders a truly extensive range of financial assets to be traded across 8 different markets. Among these markets, traders can trade fo rex and precious metals and CFDs on indices, shares, commodities, bonds, ETFs, and ETNs. In total there are well over 800 tradeable financial assets for traders to choose from. JFD Brokers can accommodate nearly every type of trader’s needs. See below an overview of the forex and CFDs markets offered by JFD Brokers.
Foreign Exchange Markets (Forex)
- 64 currency pairs including Majors, Minors & Exotics
- 4 precious metal pairs
- Spreads from 0.0 pips
- Trade on leverage of up to 1:400
- Direct market access
- Very deep liquidity
- 24-hour trading
- 6 asset classes (shares, indices, commodities, bonds, ETFs and ETNs)
- Trade on leverage of up to 1:100
- 24-hour trading
- No runtime limitation with spot CFDs
- DMA/STP execution
Fees and Commission
JFD Brokers charges fees through both commissions and the spread, and it actually works out to be cheaper than spread only brokers most of the time. All commissions and spreads are fully transparent and easy to understand for each asset class. The fees do vary from asset to asset and they can be found outlined on the website under the markets section. The commissions scale up as the size of your trade goes up, but they are always very reasonable and comparable with the industry standards. As for spreads, they are also very low and appear to be passed directly from the cheapest liquidity provider. All in all, the spreads and commissions are very competitive and even lower than many of the top online trading brokerages.
Security and Fairness
JFD Brokers is one of the safest and most secure online trading brokerages we’ve encountered. They are registered and or regulated with 6 reputable regulatory authorities and a member of the Investor Compensation Fund (ICF). This regulation ensures that JFD Brokers remains transparent and honest with their services and practices. Additional security measures include; the segregation of client accounts, encrypted transactions and use of personal data, and an automated risk management system which includes a negative balance protection system. All in all, JFD Brokers is one of the fairest and most secure online trading brokerages available.
Once again, another area JFD Brokers excels in is their level of customer support. Support representatives can be reached via email, live chat, and telephone 24 hours a day, 5 days a week. Among the available telephone numbers are Austria, Cyprus, France, Germany, Switzerland, United Kingdom, Russia, Czech Republic, and Italy. The brokerage also has various emails they can be reached at as well. In addition to these methods of support, JFD Brokers features an extensive FAQ page and a profound research and education center.
JFD Brokers is a reputable online trading brokerage offering an immense amount of tradeable assets across 8 different markets. The brokerage is exceptionally regulated by numerous regulatory authorities and offers traders a wide variety of trading platforms. Also, the support provided by JFD Brokers is top notch as well. All in all, JFD Brokers is one of the best online trading brokerages we have seen.
JFD Brokers FAQ
The following are the common questions that customers inquired about JFD Brokers.
Is JFD Brokers regulated?
Yes, it is regulated by the Cyprus Securities and Exchange Commission (CySEC) in Cyprus, the Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin) in Germany, the Financial Conduct Authority (FCA) in the UK, the French Prudential Supervision and Resolution Authority (ACPR) in France, and the MiFID.
Is JFD Brokers a scam?
No, JFD Brokers is a legit broker with an excellent reputation.
Where is JFD Brokers based?
JFD Brokers is located at Kakos Premier Tower, Kyrillou Loukareos 70, 4156 Limassol, Cyprus.