JFD Bank Review – What to expect from the broker

JFD Bank is a Forex and CFD Broker that features on its trading platform CFDs on stocks, indices, commodities, ETFs and cryptocurrencies. JFD Bank is a subsidiary company of JFD Group Ltd, a corporation that is regulated and overseen in Cyprus by the CySEC. Real trading is possible with the minimum deposit of $500. The JFD Bank website is available in English, German, French, Italian, Spanish, Portuguese and Bulgarian

What do we cover in our JFD Bank Review?


General Risk Warning: 74–89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Basic information about the broker

  • Website address: www.jfdbank.com
  • Leverage: up to 1:30
  • Instruments: CFDs – Forex, commodities, stocks, indices, cryptocurrencies, ETFs
  • Minimum deposit: $500
  • Demo account: Yes, free of charge
  • Methods of deposit and withdrawal: Skrill, Safecharge, Neteller, Bank transfer

JFD Bank Trading Platform

In total, JFD offers to its traders 3 trading platforms; MT4, MT5 and Guidants (Guidants is in German only). MT5 as well as Guidants both provide access to 1500 tradable assets, while on the MT4 platform one can trade 500 assets.

JFD Bank Spreads

As any other CFD broker, JFD Bank charges a spread fee. For the most current spread charges, please visit the jfdbank.com website. According to their website, the broker charges floating spreads which can be as low as 0 pips. Furthermore, there is also a commission fee which is 3 USD / 2.75 EUR / 2.5 GBP / 3 CHF per 1 Lot per side for Forex.

*Spreads recorded on 04.09.2019 at 20:10 GMT. Data were taken from the website of the broker. **Spreads recorded on 31.05.2019 at 8:23 GMT from the trading platform of the broker.

JFD Bank regulation

JFD Bank Review – What to expect from the brokerJFD Group Ltd is authorized and regulated by the Cyprus Securities and Exchange Commission under license number 150/11.

JFD Bank AG is authorized and regulated by the BaFin with licence no. 120056.

JFD Overseas Ltd is authorized and regulated by the VFSC with licence no. 17933.

The CySEC regulation gives JFD Bank the right to provide cross-border services to other members of the European Economic Area.

Advantages and disadvantages

Every Broker has its pros and cons, let’s have a look at the ones that elevate & denounce JFD Bank.

JFD Bank Pros
  • Wide range of assets
  • 3 trading platforms
JFD Bank Cons
  • High minimum deposit

To sum up the JFD Bank Review

JFD Bank adheres to strict regulatory guidelines of the CySEC, BaFin and VFSC. The broker offers a wide range of assets from 8 popular asset classes. There are also available 3 trading platforms to choose from. The only small disadvantage I see is a bit higher minimum deposit that the broker requires in order to start trading.

JFD Bank Review – What to expect from the broker
3 (60%) 1 vote[s]

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Michael

Hi, I'm Michael and my area of expertise is forex and cryptocurrency trading. I specialize in technical analysis, namely in chart pattern setups. I educate traders of all levels and I believe that prerequisite to successful active trading is always knowing risks of the game. My most current interest lays in cryptocurrencies, especially in Ethereum and in decentralized applications. I do not give investment advice, but for general inquiries please use the comment section under any article.
Michael

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