JFD Brokers Review: Reliable Broker or Not?

JFD Brokers Review – Launched in December 2011, JFD Bank is a Forex and CFD broker regulated in Cyprus, Germany and Vanuatu. It offers an electronic trading environment suited to both institutional traders and experienced retail investors. Full transparency on its transactions and brokerage fees that comply with MiFID rules make JFD Bank a reliable broker. Read our JFD Brokers review to learn more about this broker: the assets it offers, the fees it charges and the protections it provides.

Who Is JFD Bank?

Founded in December 2011, JFD Bank is a broker focused on improving its trading services by constantly adopting the latest technological innovations. It was set up by professional traders who wanted to fix the lack of transparency they saw across the trading industry. As a result, JFD Bank spares no effort to deliver high-quality trading services built on trust, fairness and clarity.

Awards Won by JFD Bank

Since 2013, JFD Bank has received more than 40 awards, which is remarkable enough to highlight in this review. The most prestigious include:

• 2020: Fastest-growing financial services company in Western Europe
• 2018: Best Forex broker in Germany
• 2017: Paris award for best MT4 Forex broker
• 2016: Best electronic trading solution provider in Europe

JFD Brokers Review: ECN Broker or Market Maker?

JFD Bank is not a market maker, and this is one of the key takeaways of our review. In other words, the broker does not engage in market-making activities. Instead, it is a 100% DMA (Direct Market Access) broker that uses an ECN system and is set up so that it cannot hold positions on its own account. This is a sound choice, as it protects the broker from conflicts of interest.

The broker operates in a way that guarantees real market liquidity and prices. In practice, when an investor places a trade on the S&P 500 with JFD, the order is first replicated on the underlying product and then delivered to the investor as a CFD. As a result, traders can see their orders in real time and deal directly with market participants. The main benefit is that you avoid paying a market maker’s spread.

JFD Bank Regulation

• JFD Bank is regulated by several authorities in different countries, so there is no reason to worry when you trade the S&P 500 with JFD: your money is in the hands of a safe broker. BaFin, which regulates it in Germany, is one of these authorities. The broker is also regulated by CySEC in Cyprus and by the VFSC in Vanuatu. JFD is also present in France, as it holds authorization from the AMF and the ACP.
• Client fund protection is a major priority for JFD Bank, so you have nothing to worry about whether you trade on JFD’s MT4 or any other JFD platform. The broker has measures in place to prevent third parties from seeing or accessing the balance in your account. Secure technologies are used to ensure the security, confidentiality and, above all, protection of your investments once you have downloaded JFD’s MT4.
• The broker is also a member of the ICF (Investor Compensation Fund), which provides an extra guarantee for your funds: you can file a claim with the ICF if JFD is unable to meet its financial obligations to you. The broker has also set up an automated risk management system that includes negative balance protection and lower leverage, reducing the risk of your account being wiped out. This helps shield you from market gaps, which often occur over weekends.

Can You Trust JFD Bank?

JFD Bank is a trustworthy broker, and the values it stands for prove it. Transparency, for example, is the principle behind the new investment model it has introduced. In this review, we want to stress that the broker pays particular attention to complying with regulatory standards. It builds strong relationships with its clients so they can trade on its platforms with confidence, and it does what is needed to make traders feel secure when using its trading platforms.

Is There a JFD Bank France?

JFD Bank has no specific entity dedicated exclusively to France. In other words, there is no division of the broker that serves only traders based in France. However, this does not stop you from downloading JFD’s MT5 from France, since the broker holds authorization from the AMF and the ACP.

Which Account Type Does JFD Bank Offer?

If you choose JFD’s WebTrader platform, you can open a live account, which is the only account you can trade from. However, some of its features differ depending on whether it is opened with JFD Group Ltd or JFD Overseas Ltd. For example, margin call and stop-out levels are not the same. Accounts opened with JFD Group Ltd also benefit from negative balance protection, which is not the case with JFD Overseas Ltd. Note, though, that the base currencies (USD, EUR, GBP, CHF) are the same at both JFD Bank entities.

Opening an account via JFD’s MetaTrader 4 platform is quick and easy. Simply go to the dedicated page and upload the documents the broker requests. This is a mandatory step that we want to emphasize. You will then receive an email explaining the next steps, along with a download link giving you access to JFD’s MT4 for Mac or the broker’s other trading platforms.

Another important point in this JFD Brokers review is that you can open a demo account. Its features depend on the trading platform you use.

JFD Bank’s Trading Platforms

Once registered with JFD Bank, you can invest from a wide range of platforms, the main ones being MetaTrader, WebTrader and Guidants. You can also trade with JFD Bank on Windows, Mac or mobile. That said, our review is clear that the MetaTrader platforms offer the most attractive JFD trading environments. These are MetaTrader 4 (MT4) and MetaTrader 5 (MT5), which have evolved into MT4+ and MT5+ respectively.

Downloading the upgraded version of JFD’s MT4 (MT4+) gives you access to cutting-edge IT infrastructure. Connectivity is ultra-fast, and the many tools on offer help you work more efficiently. You may, however, prefer JFD Brokers’ MetaTrader 5 platform. In that case, go for MT5+, which delivers an exceptional trading experience with enhanced charts and technical indicators to support your decisions.

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Deposits and Withdrawals at JFD Bank

JFD’s MetaTrader 5 platform offers several deposit options. Visa, Mastercard, Maestro, Neteller, Sofort and Skrill are all secure payment methods you can use to fund your account. You can also deposit to JFD’s MetaTrader 4 by bank transfer. Speaking of transfers, JFD Bank lets you move funds from one JFD Bank account to another free of charge. The minimum deposit with this broker is €500.

Note that JFD Bank charges deposit fees, the amount of which depends on the payment method and the currency. With Skrill, for example, the broker charges 2.90% of the funds deposited, regardless of currency. If you fund your account in euros via Sofort, however, you will be charged 1.8% of the amount deposited + €0.25. If you use pounds sterling, the fee is 1.8% of the funds + GBP 0.22.

As for withdrawals, you are free to request one at any time using a dedicated form. You can withdraw by bank transfer or with one of the alternative payment methods offered by the broker.

JFD Bank Commissions and Fees

You will need to download JFD’s MT4 to take advantage of JFD Bank’s services and benefits. In particular, you will enjoy very competitive spreads if you choose to trade on JFD Brokers’ MT4. The table below gives you an idea.

Good to know:
* cps = cents per share

We would also like to draw your attention to the fact that JFD Bank charges fees on trades in certain financial instruments. This is the case with swaps, the overnight fees on positions held open for more than one day. They are charged on all financial instruments except CFDs on futures.

Note that when you trade on JFD’s MetaTrader 4, a 25% performance fee is applied. However, the broker does not charge any management or setup fees. And since it does not offer spread betting, JFD Bank naturally charges no fees related to it. You will also not find an Islamic account for Muslim traders with this broker.

Instruments Offered by JFD Bank

You can trade around 1,500 instruments with JFD Bank, spread across 9 asset classes. The most notable include Forex, CFDs on indices, stocks and commodities.

If you are interested in trading indices, download JFD Brokers’ MetaTrader 4. You will have access to 15 of them, including the US Dow Jones, German 30, UK 100, Japan 225 and Euro 50. On the stock side, you will find more than 400 shares to trade via JFD Brokers’ MetaTrader 5. They come from several countries, including the United States, Germany, the United Kingdom, France, Spain and the Netherlands. As for commodities, JFD Bank offers 2 on very competitive terms: Brent crude oil and WTI crude oil.

Leverage Offered by JFD Bank

If you decide to trade via JFD’s MetaTrader 4, you will benefit from leverage, and client feedback on this point is generally positive. The real advantage of leverage, which may be the topic of a JFD webinar, is that you only need a fraction of the position’s total value to open a trade, so you tie up less of your capital. Retail clients can access leverage of up to 1:400 when registering an account with the broker.

JFD is committed to operating in line with the rules of ESMA, the European Securities and Markets Authority. ESMA regulates leverage by increasing the margin required on all trades. Because JFD complies with this requirement, its attractive leverage offering was designed with ESMA rules in mind.

Slippage and Order Execution: How Fast Are Orders Filled?

In finance, slippage refers to the price difference that can occur between the moment a trade order is placed and the moment it is actually executed. Orders placed on JFD’s MT4 are executed ultra-fast. The broker acts within milliseconds, with a 0% rejection rate. There are also no requotes.

JFD Bank’s Analysis Tools

It is worth pointing out in this JFD Brokers review that JFD provides analysis tools designed to boost trader performance and encourage smarter trading. Some of them can also be useful for copy trading with JFD.

The RTD Excel Add-On is one example of the analysis tools available at JFD. It lets every trader build their own analytics dashboard fed with real-time data. The information appears in 3 different pre-built Excel spreadsheets and covers the prices of various financial products, ticks, account balance and consolidated lists of open positions.

We also recommend the Tick Chart Trader tool, which lets you trade faster using your keyboard and mouse. It can also help you better understand the ticks on your chosen trading platform.

Education

JFD Bank frequently organizes or promotes trading training sessions to help investors learn more about the financial markets. These events are quite varied, and you can make the most of them to strengthen your trading skills. From JFD webinars to seminars and training courses, JFD Bank schedules high-level stock market events.

They are great opportunities to discover powerful trading strategies. Experts run these events and share their experience with others. On the JFD Bank website, you can find out in a few clicks which webinars, seminars, exhibitions and summits are scheduled in the coming hours, days, weeks and months.

How to Contact JFD Bank

Once you have downloaded JFD’s MetaTrader 5 and created your account, you can reach JFD Bank in several ways if you run into a problem. The best option is undoubtedly live chat, which allows instant communication. You can also email JFD Bank’s customer service with your questions.

In our research for this JFD Brokers review, we found that the most commonly used email address to contact the broker is [email protected]. Another option available from the JFD MetaTrader 5 platform is the telephone. By calling +49 (0) 69175374271, you can raise any concerns with JFD Bank.

Summary: JFD Bank Pros and Cons

We recommend JFD Bank for trading, as it offers many advantages. But since no broker is perfect, our review also uncovered a few drawbacks.

Is JFD Bank the Best Forex Broker?

The bottom line of our JFD Brokers review is that JFD Bank has strong arguments to claim a place among today’s best brokers. Its server infrastructure is excellent and is one of the foundations of its success. All of the broker’s servers are hosted in Equinix data centers in New York and London. JFD Bank uses smart order routing technology that delivers top-tier trading on JFD’s MT5.

It is a leading broker you can rely on to trade in excellent conditions. All that is left is to download JFD’s MetaTrader platform to enjoy high-quality trading services. That said, we believe brokers such as FXPRIMUS and Vantage, which offer dedicated ECN accounts for Forex traders, provide better trading conditions.