In this JFDBank Review, we are going to take a look at the offer that this broker prepared for its traders. JFDBank is regulated by the CySEC in Cyprus. JFDBank operates on the financial market since 2011. When it comes to trading platforms, the broker features MetaTrader 5, GUIDANTS and WebTrader and MetaTrader 4. The JFDBank minimum deposit is 500 USD.
Between 74-89% of retail investor accounts lose money when trading CFDs You should consider whether you can afford to take the high risk of losing your money
Basic information from this JFDBank Review
Website address: | jfdbank.com |
Operated by: | JFD Group of Companies |
Licensed and authorised by regulatory bodies: | CySec BaFIN VFSC |
Supported languages: | English, German, Spanish, French, Italian and Portuguese |
Customer support available via: | E-mail, phone, live-chat |
Contact details: | [email protected], +49 (0) 69175374271 |
Available deposit methods: | Bank transfer, Neteller, SafeCharge, Skrill, Sofort |
Available withdrawal methods: | Bank transfer, Neteller, SafeCharge, Skrill |
Minimum deposit: | 500 USD |
Min. trade in lots: | 0.01 |
Spreads: | Minimal spread on the currency pair EUR/USD - 0,5 pips * on standard account type |
Tradable assets: Might be a CFD. | Forex (60), stocks, commodities, indices, cryptocurrencies |
Mobile app: | |
MetaTrader 4: | |
Other trading platforms: | MetaTrader 5, GUIDANTS and WebTrader |
Social trading: |
JFDBank Fees (minimal spreads)
We have scanned fees (minimal spreads) that JFDBank charges when trading popular currency pairs, here is their breakdown in pips.
EUR/GBP | EUR/USD | USD/CHF | EUR/JPY | GBP/USD | USD/JPY |
---|---|---|---|---|---|
* | 0,5* | * | * | * | * |
*Minimal spreads were recorded on 17.01.2020 at 21:36 for the standard account. JFDBank spreads in the table above serve as illustrative examples only as they for instance, may change according to the market conditions.
Random reviews of competing FX & CFD brokers: Evolve.Markets, AIMSFX, CEX.IO and Capixal
Frequently Asked Questions
🧐 Is JFDBank a Scam?
JFDBank is a broker licensed and regulated by the CySec, BaFIN and VFSC. While regulation gives to brokers much needed credibility, it still does not mean every regulated broker is honest. In order to be sure that JFDBank is not a scam, read our trader reviews and check other popular trading related websites and forums.
🆓 What is the JFDBank minimum deposit?
In order to start trading with JFDBank, you have to deposit at least 500 USD (Trading accounts can also be held in EUR/USD/GBP/CHF).
📵 What deposit and withdrawal methods JFDBank supports?
⚖️ Would you recommend me choosing JFDBank?
We don’t have our own personal experience with JFDBank. However, because the broker is regulated by the CySec, BaFIN and VFSC, there is a high chance that it is not a scam. With that being said, it still does not mean that JFDBank is the best option, as there are also hundreds of other regulated brokers with similar or even better trading conditions.
Should you be looking for a highly reliable broker featuring forex trading and CFDs, you can get your hands on our marketing broker Etoro – (77% of of retail investor accounts lose money when trading CFDs with this provider), which is a CySEC regulated company that allows trading from as little as $50 and charges highly competitive fees on all assets.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
Between 74-89% of retail investor accounts lose money when trading CFDs
You should consider whether you can afford to take the high risk of losing your money ¹ Variable spreads, spreads recorded for the EUR/USD on 11.01.2024 at 11:42 GMT.