General Information & Regulation
JFD Group is a company offering financial and investment services and activities. “JFD Bank” is a brand name and registered trademark owned and used by the JFD group of companies, which includes: JFD Group Ltd (ex. JFD Brokers Ltd), a company with registration number HE 282265, authorized and regulated by the Cyprus Securities and Exchange Commission - CySEC (Licence number: 150/11), JFD Overseas Ltd which is authorized and regulated by the Vanuatu Financial Services Commission (License number 17933) and JFD Bank AG which is authorized and regulated by the Federal Financial Supervisory Authority (BaFin) and by the Deutsche Bundesbank under license number 120056.
Market Instruments
JFD Bank offers investors access to popular financial instruments, mainly over 60 currency pairs, as well as CFDs on commodities, precious metals, 15 indices, bonds, ETFs, and stocks.
JFD Bank Minimum Deposit
JFD Bank offers a standard account type for investors only, with a minimum initial deposit of $500. The initial deposit amout is a little bit high. Most brokers, actually, require much less initial minimum deposit.
Spreads & Commissions
After testing the demo accounts on the JFD Bank platform, we know that the spread on EURUSD is extremely low, only 0.4 pips, equivalent to the raw spread. Moreover, JFD Bank charges a commission of 3 USD per lot per side. Overall, the cost of trading on the JFD Bank platform is reasonable.
JFD Bank Leverage
JFD Bank uses lower leverage.The European resident traders are allowed to use a maximum leverage 1:30, while another trader operating through JFD oversees may apply for leverage up to 1:400 on Forex instruments.
Trading Platform
JFD Bank offers traders two of the most popular trading platforms on the market today, and MT4 trading platform and the MT5 trading platform. MT4 is the most popular forex trading platform on the market today, with powerful charting tools, a large number of custom indicators, support for EA, and automated trading. MT5 is the latest generation of MT4 and has all the positive features of MT4, but it is understood that MT5 is slightly less stable than MT4 in terms of performance. Traders have the flexibility to choose according to their needs.
Deposit & Withdrawal
JFD Bank supports traders to access their investment accounts via VISA, MasterCard, wire transfer, SOFORT, and a range of e-wallets such as Skrill, WireCard, SafeCharge, GiroPay, iDeal, ePay, etc.
Customer Support
JFD offer support 24 hours a day, 5 days a week. Multilingual support is available via phone, live online chat and email. Phone and live chat support hours are Sunday 23:00 CET to Friday 23:00 CET. All other JFD support departments are available from 08:00 – 17:00 CET Monday to Friday (excluding Cyprus Bank Holidays).
Accepted Regions
JFD Group Ltd has some regional restrictions and is thus allowed to only serve clients whose residence is in the European Economic Area (EEA) or in a country where the company has a legal permission to do so (such as Belarus, China, Switzerland, Turkey, UAE & Ukraine). JFD Overseas Ltd is only allowed to serve clients whose residence is in another third country. A restriction on offering investment services applies to residents of the United States of America, Russia and to residents of other countries whose domestic regulations classify such investment offering as prohibited.
