|Licensing and Regulation|
|Brand & Functionality|
Established in 2011, the JFD Group is an international provider of investment services and multi-asset trading on a global scale. JFD Brokers was initially established by professional traders and operate as a pure agency model. They include 100% DMA/STP execution which is based on its core values of trust, fairness, and transparency.
JFD Brokers is already ranked as one of the largest and most popular online brokers in the world and has managed to earn a reputation as being an industry game-changer. The company was the first to provide its clients with MiFiD compliant, anonymous, and direct post-trade transparent access to more than 20 LP’s, including MTF’s, Non-Bank LP’s, and Tier 1 Banks, for a choice of over 800 instruments. JFD Brokers is committed to excellence in technology and the best execution standards. It has designed a secure and highly optimised environment that delivers the ultimate trading experience to institutional investors and sophisticated retail. JFD Brokers’ superior versions of the renowned Meta Trader platform, including MT5+ and MT4+ along with a unique range of add-ons, provides traders with a plethora of cost-effective and flexible trading solutions.
JFD Brokers is recognised by several independent sources as one of the most respected and fastest-growing CFD and Forex brokerage companies in the world and also boasts with multiple rewards since its inception.
Licensing and Regulation
JFD Brokers is a licensed and register broker operating under strict European regulations by the MiFiD and CySEC. In addition, they adhere with several other regulations within the EEA zone including ACPR, BaFIN, CONSOB, and FCA. The broker has also authorised to conduct Agency Only, Investment Advice, and Portfolio Management execution activities.
All funds from clients are kept separately from the funds of the company while guaranteeing their security and keeping in licensed financial institutions. Due to the fact that JFD Brokers is a member of the ICF or Investor Compensation Fund, all clients are offered lower leverage and protection to reduce the risk of their money getting lost.
JFD Brokers boast with iPad, iPhone, and Android mobile trading platforms that are powered by MetaQuotes. Without any differentiation or exception, all mobile traders at JFD Brokers will be able to benefit from DMA execution and ultra low-latency STP, core interbanking spreads and institutional pricing, and ECN multi-bank liquidity. This is applied to a multi-asset class package to provide direct access to more than 80 Exchanges in the world along with over 15 different Tier 1 Liquidity Providers.
Mobile traders’ Spot FX orders at JKFD Brokers 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. The company also pride themselves on being able to offer relevant Execution Reports on any mobile trader’s request. The reports are powered by Integral which is one of the most praised FX Aggregators in the world that can present execution times in under two milliseconds.
Brand & Functionality
JFD Brokers provides a fair path when it comes to each of their brand offerings which is why clients are able to benefit from only using one account type that comes with fast direct execution and tight spreads within the market. With the Agency Model, there’s no requotes and zero rejection rate along with anonymous and unconditional access to the interbank market which is based on an innovative Fill to Fill model.
The spreads of the interbank are averaged around 0.1 for USD/EUR pair and starts at 0 pip for each client. Trading on DOW and DAX provides a reduced commission on CFD’s, which is 0.1 for every lot per side. The overall risks are managed by mini lots when it comes to CFD trading along with the correct money management. Clients can also utilise a demo account with the same features you would find in the live account.
JFD Brokers offers three account types, including a Personal Live Account, a Corporate Live Account, and a Demo Account. Most clients will opt in for the Personal Live Account which is why we decided to focus on the account registration for this review. Once you selected your account type, you will also need to choose between the MT4+ platform or the MT5+ platform. Once you selected your platform, the site will request your personal information such as personal details and residential details. This is followed by your financial situation information, your trading account information, your experience with investment and trading, and the acceptance of legal details. You will also need to provide proof of address and a copy of your ID before you’ll be allowed to deposit funds on your account.
Once your account has been created and verified with the necessary documents, you will be able to make a deposit using one of four different currencies. These include UDS, GBP, CHF, and EUR. The JFD Brokers website comes equipped with a wide selection of deposit methods, including e-wallets, such as Skrill and POLi, bank wire transfer, and a variety of credit and debit cards. The minimum deposit at JFD Brokers is $500, and the minimum lot size is 0.01 lots.
JFD Brokers operate on a Meta Trader 4 platform but offer the most trader-centric, comprehensive, and desirable upgrade options that are currently available. Along with Meta Trader 4 WebTrader, they also provide a Meta Trader 4 Desktop version and are considered the first online broker to offer both CFD’s and FX trading on the prestigious Guidants. This is the most popular analysis and market research platform in Germany.
A mobile trading platform is also available to traders who prefer to trade on the move. In addition, traders can utilise the AgenaTrader platform that comes equipped with extensive market scanning technology and is perfect for semi-automated and fully automated strategies in trading. JFD Brokers is also the only broker in the industry that offers a single execution type, pricing type, and account type on several platforms.
JFD Brokers are able to offer direct access to the markets with extremely low latency. The servers at JFD Brokers, which are situated in the industry’s data centres, such as Los Angeles, Amsterdam, Hong Kong, Singapore, New York, and London. Each is linked to the major liquidity providers and exchanges through fibreoptic cables.
Trade execution reports essentially demonstrate the efficiency and speed of this technology. Each order is basically systematically matches, thanks to utilising algorithms that connect sellers and buyers in less than 0.01 seconds. The same is executed in less than 0.2 seconds with absolutely no rejection. Each order is also executed on an innovative fill basis.
The banking section at JFD Brokers is secure and safe thanks to utilising the most advanced SSL encryption technology to safeguard both your personal and financial details to third-party hackers. When it comes to making a withdrawal request, please note that your funds will be allocated to the same method you used to make a deposit. You will also encounter a 1% fee on most payment methods. Please keep in mind that e-wallet payments can take up to 48 hours, while withdrawals made via credit/debit cards and bank wire transfer can take up to 5 working days.
JFD Brokers boasts with a phenomenal customer service centre that is dedicated to providing you with the best possible assistance, regardless of the query or request. You can reach the support desk by telephone, live chat, and email. The telephone and live chat facility are available from Sunday to Friday, while other departments at JFD Brokers is available from 08:00 am to 17:00 pm from Monday to Friday.
To successfully offer a sophisticated trading platform that can be used by all types of traders, the company selected the industry proven platform for its capabilities and performance. Traders can choose between two award-winning platforms, including the Meta Trader 4 and the Meta Trader 5 platforms to access markets for comprehensive and flexible trading.
The Meta Trader 5 platform is a new version of the popular MT4 platform, featuring exclusive add-ons and upgraded tools from the company with technical indicators and improved market watch which is not offered on older platforms. To further enhance trading, the company also provides StereoTrader which completely transforms the overall layout while offering access to more information along with specialised features for added convenience.
The Meta Trader 4 platform is still considered the leader in the industry which includes developed features and tools for making trading as pleasant as possible. These features and tools include extremely innovative chart features, several widgets, automatic trading indicators and features along with brokers chats and streams to make it a truly comprehensive trading platform for all.