JFD Bank Review PROs & CONs

JFD Bank Review PROs & CONs
April 18, 2022 Nils

jfd review
jfd review

There can also be additional fees, such as inactivity charges, withdrawals and transfers. Make sure that you have enough funds to trade via a JFD Bank account. Ensure that JFD Bank allows you to focus on the type of trading that you want to focus on.

jfd review

For the Cons, there is no 24/7 support and conditions vary according to the entity rules, so might be more competitive for some regions. JFD Brokers have a trading glossary freely available that covers a range of commonly used trading terminology along with clear definitions. JFD Brokers frequently host webinars, seminars and other live events where you can increase your trading knowledge and strengthen your skills.

The good thing on the crypto cfds is they have removed the commission for them. No taxes for create account, withdraw and sending money to them. Hi, I’m Michael and my area of expertise is forex and cryptocurrency trading. I specialize in intraday trading of G20 currencies and to anticipate potential market moves I utilize a fusion of both fundamental and technical analysis.

How’s the JFD Bank trading app?

Had my money in about 26 hours from submitting the withdrawal request. Despite what the previous reviews claim I thought I’d give this broker a try with the smallest sum possible euro. Overall good experience so far, still wary because of other reviews – will keep on testing. Due to this unprofessional and inaccurate processes JFD has, I got all my positions closed in loss.

I am still wary of them being a Cyprus regulated broker is why I will limit my deposits and will proceed with caution but the fact that they purchased a German bank is somewhat relaxing. I had to take time out to write this review, don’t loose your hard earned money. We want to assure you that the satisfaction and long-term success of our clients are of the utmost priority for JFD as an international 100% DMA/STP broker. Hence, we want to confirm that our team is working on a solution that will allow us to offer cash equity to residents of your country once again. People who write reviews have ownership to edit or delete them at any time, and they’ll be displayed as long as an account is active.

A JFD Bank economic calendar is a resource that allows traders to learn about important economic information scheduled to be released throughout the major economies. Events may include indicators such as GDP, the consumer price index , and the Non-Farm Payroll report. JFD Bank social trading is a form of social trading that enables JFD Bank traders or investors to copy and execute the strategies of their peers or more experienced traders on the JFD Bank platform. Social trading on JFD Bank allows you to communicate with other JFD Bank investors in a Facebook-style social network manner. The main premise is that you are able to share and discuss potential JFD Bank investment opportunities with traders on the JFD Bank platform. The JFD Bank user interface is what JFD Bank traders will see and interact with first when trading with the JFD Bank trading platform.

JFD Bank offer a range of learning resources and tutorials and guides made available to registered JFD Bank users. The JFD Bank guides are usually broker down into indepth articles explaining varioius trading topics, quizes and video explainers which aim to educate JFD Bank users on basic trading principles. Email support is a a convenient method of JFD Bank customer service but responses to support queries are not quick. You may have to wait between days for a response from JFD Bank regarding your support request. Distinct trading portfolios, each tailored toward a different investing strategy, might be owned by an investor.

Cryptocurrency trading is not offered by JFD Bank, so you will need to find a JFD Bank alternative that allows you to buy and sell the underlying cryptocurrency assets. Check to see if CFD cryptocurrency trading is allowed in your region with a JFD Bank alternative and make sure you undertand the risks fully before trading. There are several methods through which you can deposit money into jfd review your JFD Bank account. One can use a credit or debit card and JFD Bank accepts payments from credit and debit cards provided by MasterCard and Visa. You can use PayPal, funding your JFD Bank account using a personal PayPal account. If you have enough funds in your respective account, your bank account will be debited while the equal amount will be deposited into your JFD Bank account.

Any action you take upon the information you find on this website is strictly at your own risk and we will not be liable for any losses and/or damages in the use of our website. Our Ranked JFD Brokers Trust Score is 8.9 out of 10 for good reputation and service over the years, also for reliable licenses. The only point is that regulatory standards and protection vary based on the entity. Together with its CySEC license, JFD is sharply authorized by German BaFIN known for its strict regulations and control over the brokerage. Even though, JFD also serves an offshore entity in Vanuatu its parallel regulations from ESMA do not leave questions about their reliability and transparency. It is a registered and licensed broker and operates as a JFD group under strict European regulations, by CySEC and the MiFID along with numerous registrations in EEA zone like FCA, CONSOB, BaFIN, and ACPR.

  • There is a monthly inactivity fee of $20 or the equivalent in the account currency.
  • In this case, dare the MT5+ version which provides an exceptional trading experience, with improved graphics and the presence of technical indicators which help with decision-making.
  • Customer service is generally a priority for most forex traders as they are trusting their chosen broker with their money.
  • The first couple of months I had ups and downs but nothing out of the ordinary.

You can get direct and anonymous access to 1,500+ instruments from 8 asset classes, including forex and precious metals, indices , cryptocurrencies, stocks, commodities, ETFs and ETNs. It is always refreshing to see a brokerage firm that provides physical stocks as many just provide Stock CFDs where you just speculate on the price without actually owning the underlying asset. At JFD Brokers, you can trade CFDs on 5 asset classes (stocks, indices, commodities, ETFs & ETNs, cryptocurrencies).

I found the process to be relatively straightforward and like how everything is done online as it should be nowadays. Exchange traded funds are a popular asset whilst exchange traded notes are something that many retail investors may not be familiar with. ETNs work in a similar way to ETFs as both track an underlying asset, often have lower expense ratios than actively managed mutual funds and both trade on the major exchanges just like stocks. The fundamental desktop gives professional level fundamental analysis. It has a collection of widgets that are synchronised in sets to help increase the speed of analysis and trading. Users can review a whole basket of assets and receive detailed fundamental data automatically, whilst monitoring trades at the same time.

Is this broker good for new traders?

JFD Bank has several possible regulations under which you can trade. We clearly recommend that you stay under the Bafin/CySec license, as the VFSC offers less protection. Not only is there an obligation to make additional contributions , but in the event of disputes, there is no one to represent the interests and rights of the client. Withdrawals are possible at any time via Skrill, Safecharge, Neteller and bank transfer.

The data contained in this website may not be real-time and accurate. The data and prices on this site are not necessarily provided by the market or exchange, but may be provided by market makers, so prices may be inaccurate and differ from actual market prices. Namely, this price is indicative price only to reflect market trend, and is unfavorable for trading purpose. The provider of the data contained in the Website shall not be liable for any loss incurred by you as a result of your trading activities or reliance on the information contained in the Website. JFD Bank allow traders to trade financial markets on iOS, Android supported mobile devices. Bonds trading on JFD Bank is a way of making profit from fluctuations in the value of corporate or government bonds.

What Are Fractional Shares

If you are looking for managed accounts, you might want to also consider Eightcap. You can easily keep a close eye on their account and stay up to date with real time estimations of margin, balance and equity. Clients have some forms of risk protection via the negative balance protection and lower leverage set-up, which is designed to help reduce the risk of your account being depleted to zero or going negative.

JFD Brokers Safety and Regulation

An index is a statistical measure of the changes in a portfolio of stocks representing a portion of the overall market. As they are a smaller sample of the market that is representative of the whole, investors use indices to track the performance of the stock market. The technical desktop has extensive charting possibilities, all of which are easily accessible directly from the charts. The combination of several instruments and indicators all from within one chart can enable users to have a better overall look at the markets and help to conduct more advanced technical analyses. The price alarm widget can be used to make sure that you never miss important price levels. StereoTrader is an add-on for JFD’s MT4/5+ platforms that transforms the layout and provides users with access to additional information, commands, order types, and a multitude of special features.

We mark it as excellent since it offers popular MT4 and MT5 professional trading platforms. In order to start live trading, you may choose an applicable payment method to fund the account or transfer money. The options include bank transfers, bank transfer with Sofort, which will include a 1.8% deposit fee, and online payments like Skrill with a 2.9% fee, Safecharge with a 1.95% fee, and UnionPay with no charges. Therefore, you should carefully check which payment method to choose along to consult applicable fees to perform fund transfers. TradingBrokers.com is for informational purposes only and not intended for distribution or use by any person where it would be contrary to local law or regulation.

Therefore, the JFD Bank trading platform is very user friendly and easy to use on a Mac device. JFD Bank mobile trading gives its users a platform to trade from anywhere in the world, as long as they have an internet or WiFi connection. https://forexarena.net/ The mobile trading app provides an ease of transacting while using a mobile device. JFD Bank mobile trading refers to trading using a mobile phone. Both Android and iOS devices are supported by the JFD Bank mobile trading platform.

The overview helps to ensure that you are always in control of your trading operations. Through the MT4+ mobile app, you have convenient access to all tradable instruments offered by JFD brokers. You can place trades, manage positions, set alerts and much more, all from the comfort of your mobile devices. Mobile traders’ Spot FX orders at JFD Bank are thoroughly Straight Through Processed to the company’s Liquidity providers thanks to a Fill or Fill basis with both negative and positive slippage enabled.

JFD clients can get the StereoTrader add-on along with all of its useful features for just €29.90 per month. You can easily trade directly from real time charts with all the important information displayed such as live spreads and tick by tick price movements. The broker has partnered with NASDAQ listed firm Equinix to offer state of the art trading technologies. They participate in the Equinix Financial eXchange, which is a network of execution venues, buy/sell side firms and bank trading servers that are located at Equinix’s high-performance data centres. This ensures you can get the best possible prices from a deep liquidity pool with quick execution speeds and low spreads.

What about the minimum deposit?

There may be some fees when transfering money to and from your JFD Bank account charged by your 3rd party payment provider if your JFD Bank base currency is different from your JFD Bank withdrawal method. JFD is a leading Group of Companies offering financial and investment services and activities. The parent entity, JFD Group Ltd was launched in December 2011 and is now an internationally licensed global provider of multi-asset trading and investment solutions.