JFD Bank offers trading on 8 different asset https://forexarena.net/ classes, including crypto options, and provides three different trading platforms to choose from. Spreads seem to be competitive, based on what we learned from support, but the company does charge fees for deposits and withdrawals. Leverage options are lower than average unless you qualify as a ‘professional’ client. Support seems to be easy to reach, although they are not available on the weekend. Overall, the trader needs to decide whether the larger deposit minimum, low leverage options, and funding fees are made up for by the huge variety of trading instruments and the low trading costs. JFD Bank is one of the established online brokerage companies that offers a variety of trading platforms and services.
JFD Brokers Education
Our broker ratings are also informed by the experience of our researchers during the evaluation process. JFD Brokers is a good broker with regulation and Direct access to markets for a quality trading solution, a range of trading platforms, and easy account opening. There are many funding methods supported and traders can find education. JFD Bank adheres to jfd bank review strict regulatory guidelines of the CySEC, BaFin and VFSC.
How to start your JFD Bank account?
Personal ID and address documents must be submitted and approved before traders can use their account for trading. Once documents have been submitted, it takes 1-2 working days for approval. JFD Bank has offices located in Cyprus, Germany, Spain, Bulgaria, and Vanuatu and is regulated by the CySEC, BaFin, and VFSC. This broker offers three different platforms and multiple types of trading instruments and has won multiple awards every single year since 2013.
JFD Bank Account Opening
The broker offers a wide range of assets from 8 popular asset classes. The only small disadvantage I see is a bit higher minimum deposit that the broker requires in order to start trading. Online trading platforms like JFD Bank are used by traders to help them with every aspect of trading.Market analysis, price projections, and purchase timing are all key when trading live financial markets with JFD Bank.The JFD Bank trading platform provides traders with up to the second charts in order to enable them to execute transactions at the click of a button using JFD Bank. JFD Bank reviews by verified customers, cashback rebates, expert ratings, spreads & fees, leverage, demo accounts, downloads, trading platforms and more. This review was impressed with JFD Bank’s trader-centric approach with a focus on fair and direct investing.
JFD Bank Forex Trading
MT5 offers access to more markets, supports ten more languages, and provides a few more pending order types, etc. The company explains that they believe this is the most transparent option, and that each trader deserves the best market access, so there was no need to feature several different accounts. This can certainly provide an advantage to some traders, but we wonder if the lack of specialization could have any negative effects. Rather than offering better spreads or trading costs to some, the company aims to reward higher volume traders through rebates and other types of promotions. The company can get technical when it comes to commission fees and deposit fees, so you’ll need to read through the rest of our review to find more specific information on these sections.
- The JFD Bank user interface (UI) is what JFD Bank traders will see and interact with first when trading with the JFD Bank trading platform.The JFD Bank is well designed.
- You’ll also choose what currency you’d like to use for your practice account and select a deposit that ranges from $500 (The company’s minimum deposit limit), up to a maximum of $5,000,000.
- JFD Bank is a well-established broker since2011.JFD Bank hasheadquarters inGermany and Cyprus.JFD Bank to provide their Forex/CFD trading services to global clients.
JFD Bank Financial Regulation
Please note, some markets may only be available via CFDs or other derivatives. Compare JFD Bank with the top 3 similar brokers that accept traders from your location. There are no official bonuses offered by JFD Bank, which is due to regulatory rules. While there are other no deposit bonuses and promo codes offered on other unofficial websites, users must be aware of the terms and conditions before claiming. If forex positions are held during a rollover, swap fees may be charged.
Moreover, they have full access to exclusive JFD add-ons so you can execute complex trading orders, access market depth and have full control of your account wherever you are and at any time. JFD Brokers provides daily market news and analysis along with learning materials and data, webinars, and live events. Moreover, traders stay connected under any conditions with VPS (Virtual Private Server) for advanced trading strategies and continuous EA monitoring. All clients’ funds are kept separately from the company funds while kept in licensed financial institutions and guaranteeing their security. Since JFD is a member of the Investor Compensation Fund (ICF), all clients run with its protection in case of insolvency.
The platform is a highly interactive, social way to trade within an intuitive interface, which you can use to trade over 1500+ instruments in 9 asset classes through JFD’s pure Agency Model with 100% DMA/STP execution. The bulk is made up of more than 600 physical stocks, 64 currency pairs, and 400 plus shares. The company also offers 2 precious metals, 15 Index CFDs, 7 Commodities, 21 ETFs, 4 ETNs, and 5 cryptocurrencies.
On top of that, it’s an established and multi-regulated broker with processes to protect client funds. It also offers a large range of trading instruments with advanced platforms. The only major downsides are the high spreads on leading forex pairs and indices, plus the $500 minimum deposit requirement. In terms of trading platforms, JFD is one of only a few brokers world-wide offering the German-made trading platform known as Guidants. This is a well-designed and intuitive trading platform made for the retail market, available both in a web-based and desktop-based versions. Guidants is perhaps particularly strong when it comes to its fundamental analysis features, which includes a number of widgets that provides an overview of short positions in the market, important economic data releases, and many other things.
Comprehensive audits are also conducted by internal and external auditors. With the vast client protection measures and good company practices in place, we are confident that JFD is a safe and secure broker. JFD offers three trading platforms; MetaTrader 4+, MetaTrader 5+ and third-party platform, Guidants. JFD Bank’s customer service is available via a Germany-registered phone number 24 hours a day on all trading days.