- Third-party platform
- Transparency regarding fees and commission
- Segregats customers’ funds
- Tight spreads
- Only one account option available
- Restrictions in certain countries
- Min. Deposit $500
- No fixed spread accounts
Company Information
JFD Bank is an award-winning broker founded in 2011. The company is headquartered in Limassol, Cyprus. It has offices in Germany, Spain, Bulgaria and Vanuatu. JFD brought a quality offering to the traders of different experience and size, which does not diverse clients for their style or invested amount. JFD Bank offers the MT4 and MT5 trading currency platforms. JFD Bank offers over 60 Forex currency pairs, CFDs, commodities, stocks, indices, gold, silver, oil, bitcoin and other cryptocurrencies for your personal investment and trading options.
Markets
The broker offers over 1,500 different instruments to trade, including over 60 currency pairs. You can choose among the following asset classes:
● Commodities
● ETFs & ETNs
● Indices
● Cryptocurrencies
Trading accounts
JFD suggests its customers the only one account type which offered with tight spreads and fast direct execution into the market. The Agency Model brings an absolutely 0 rejection rate and no requotes, with the addition of unconditional and anonymous access to the interbank market based on a “Fill or Fill” model with negative and positive slippage enabled.
Open an account
Opening an account with JFD Bank is a rather simple and clear process. All you need to do is to fill the online application providing the necessary information. After you complete the application form, you will have to verify your identity by providing your ID. You have to provide and prove your residential address as well. Once everything is verified and approved, you will receive your login, after that you can make the first deposit and start trading.
Minimum deposit
The minimum required deposit necessary to make and open an account is $500. As for the minimum deposit amount, it is set to regardless of the platform or a trading account you choose to trade.
Trading Platforms
Luckily, the broker provides its clients with the MT4 and MT5 platforms. MT platform is very popular among the traders thanks to the variety of instruments it offers. You can read more details about the features of the platform here. The mobile trading is also available.
JFD Bank also suggests its own platform Guidants. JFD Bank are one of the few brokers offering Germans most popular platform Guidants. It is a browser-based platform that doesn’t require any downloads. It also provides an interactive and social way to trade within an intuitive interface. It is also fully customizable with a vast array of free widgets and advanced charting capabilities.
Our verdict
After conducting careful research, we can conclude the following. First of all, the broker is regulated and it segregates customers’ funds. Moreover, there are tight spreads and a variety of platforms. However, there is only one account type available, the minimum deposit is $500. Moreover, there are no fixed spread accounts, and there are restrictions in certain countries. So, before choosing a broker, we recommend you compare several brokers and the features they offer, and only afterward to make a well-thought decision.
JFD Bank Details
read so many people cry about ‘we are poor’ or ‘we can’t find a good brokerage’. To be true, I was even one of them, but I overcame this and go through the path of becoming better. JFD Bank gives me great assistance on my way. Tight spreads, no checks or other things that distract me. Brokerage is fair and withdrawals are fast. I don’t know what else I need to be a trader, maybe just time 🙂
I have traded with these guys for a little less than a year. But still don’t like their web site. It is not clear
It took about a week to get on my account. I think it’s too long
I tried this broker and was 100% satisfied. As on my own, this brokerages has everything that may be needed for successful trading. Really, I’m 100% serious, everything is good, no fails or other things. Spreads are quite tight, system works with no delays and I don’t need nothing more.
I was trading with a lot of brokers, but JFD Bankis one of my favourite. Maybe min depo is really high (especially for beginners), but that’s compensated with well-quality service and other features. Also, maybe I’d say that 1:50 leverage isn’t enough, but after I started trading with JFD Bank, I changed my mind. Previously, I lost really too much cause of high-leverages and 1:50 is optimal cap.
Easy to fund but long to withdraw. The process takes about 1 week
The online chat is helpful but slow. I can say that very slow. Don’t you want to fix it guys??
What about privacy policy? Is this information mentioned somewhere? How can I trust the broker without any information about privacy policy?
I searched so long for brokerage like JFD Bank, with great leverage that can be used to maximize my trading opportunities. Most of brokers offer low leverages and JFD Bank is good in this matter with its impressive 1:400 leverage.