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JFD Bank Review and Tutorial 2021

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Facts & Figures

JFD Bank offers comprehensive trading services, complete with MT4 and MT5 platforms and a range of products.

Awards

• Fastest Growing Forex Broker Europe 2020 – Global Banking & Finance Review
• Best OTC Brokerage Western Europe 2020 – International Business Magazine
• Fastest Growing Financial service company Western Europe 2020 – International Business Magazine

Bonus None
Instruments Forex, CFDs, indices, shares, commodities, cryptocurrencies, ETFs
Demo Account Yes
Min. Deposit $500
Pay Methods Credit Card, Mastercard, Neteller, SafeCharge, Skrill, Sofort, Visa
Min. Trade 0.01 lots
Regulated By CySEC, VFSC, BaFin
MetaTrader 4 Yes
MetaTrader 5 Yes
cTrader No
ECN Account No
DMA Account Yes
Mobile Apps Yes
Auto Trading Yes
Social Trading Yes
Copy Trading Yes
Trade Signals Yes
Islamic Account No
CFD
FTSE Spread 6.0
GBPUSD Spread 3.5
Oil Spread Floating
Stocks Spread Variable
Leverage 1:400
Forex

JFD offers forex trading on a portfolio of majors, minors and exotics.

GBPUSD Spread 3.5
EURUSD Spread 1.8
EURGBP Spread 1.3
Assets 66
Cryptocurrency

Trade crypto CFDs against the US Dollar with low fees.

Spread Floating
Coins BTC, LTC, ETH, XRP
Risk Warning – Your capital is at risk

JFD Bank is an online set-up dealer that is multi-managed. The dealer offers a DMA/STP model and exchanges 1,500+ instruments with more than eight resource classes. This survey covers JFD’s special MT4+ and MT5+ stages, spreads, commissions, and login measures. See if you should open a record.

JFD Bank Details

The JFD Group was established in 2011 by proficient dealers hoping to address the absence of straightforwardness on the lookout. The honor-winning organization is settled in Cyprus, with office branches in (Ludwigsburg) Germany, (Madrid) Spain, Bulgaria, and Vanuatu. JFD Group Ltd is managed under the CySEC, VFSC, and BaFin. It is additionally an individual from various stock trades in Germany. The agent offers over 1500+ instruments across three stages to institutional and retail customers.

Trading Platforms

JFD offers three exchanging stages; MetaTrader 4+, MetaTrader 5+, and outsider stage, Guidance.

MetaTrader 4+

JFD offers better stage increments than the remarkable MT4 experience. They’ve added more than 500 instruments from 8 resources. Customers can get to their DMA/STP office model called JFD’s Pure Agency model, which can associate with 20+ liquidity suppliers. The ‘+’ demonstrates a selective bundle of additional items.

Add-ons include:

  • Excel RTD – Clients can build their analytical trading dashboard
  • Mini terminal – Depth of Market
  • Mini terminal – Chart trader
  • Trade terminal

MT4+ is available on Windows, web, iOS, and Android.

MetaTrader 5+

On top of the standard highlights offered by MT5, the stage provides the representative’s DMA/STP Pure Agency Model. Customers can likewise demand post-exchange execution reports. MT5+’s restrictive JFD additional items are a slight move up to the bundle offered by MT4+: 

  • Exchanging straightforwardly from continuous graphs. See the complete data on genuine spreads and value developments initially 
  • Full market profundity, which permits merchants to see the offer and ask costs that areas near the market as could be expected 
  • Total admittance to all exchanging instruments offered by JFD 
  • The complete scope of request types 

MT5+ is accessible on Windows, web, iOS, and Android.

Guidance

Guidance is a famous CFD and FX exchanging stage facilitated in Germany. It offers an intelligent and natural interface. Customers can trade more than 1,000 instruments and can make their own specialized and essential methodology. Uses also gain admittance to a broad decision of free gadgets like the JFD Depot, such as warmth maps, value cautions, and an incorporated monetary schedule.

Markets

Exchange 1500+ business sectors: 

  • Stocks – Trade 400 offers from US/UK/Germany/France/Netherlands/Spain 
  • Indices– 15 files including the US Dow Jones, DAX, and UK FTSE 100 
  • Cryptocurrencies – 5 accessible for example BTCUSD, ETHUSD, LTCUSD 
  • Forex– 66 significant, minor, and extraordinary cash sets, for example, GBPUSD 
  • Commodities – Trade in Brent Crude Oil and WTI Crude Oil 
  • Metals – 4 metals, for example, gold and Silver 
  • ETFs – 21 ETFs and 4 ETNs

Spreads & Commission

JFD Bank offers variable spreads and low to zero commission expenses relying upon request size and resources. Run-of-the-mill spaces on GBPUSD are 3.5 and 1.8 on EURUSD. FTSE spreads usually are 6 pips and 3.5 on US Dow Jones, which aren’t just about as cutthroat as different specialists. 

Commissions on forex and metals are $3 per part per side; however, gold and silver differ contingent upon contract determinations. Zero-expense CFD exchanging is accessible on actual stocks and cryptographic forms of money, while commissions on other CFDs vary. Decreased commissions are additionally accessible for high-volume merchants. 

On the off chance that forex positions are held during a rollover, trade expenses might be charged.

Leverage

Proficient customers are furnished with influence up to 1:400. In any case, because of influence proportions set by ESMA, retail merchants can access force between 1:2 to 1:30. This is to limit the size of misfortunes and is standard among EU-directed merchants.

Mobile Apps

MT4+ and MT5+ are accessible as Android and versatile iOS applications. They come total with work area functionalities like DMA/STP execution and further developed highlights. Also, they have complete admittance to selective JFD additional items so you can execute complex exchanging orders, access market profundity, and have complete control of your record any place you are and whenever. 

MT4+ and MT5+ versatile applications are accessible to download on the App Store and Google Play.

Deposits & Withdrawals

Individuals can store and pull out reserves safely by signing into My JFD. Here, assets can be moved to start with one JFD account then onto the next with no charges. All stores are credited into live records within 24 hours on workdays. 

  • Credit/charge cards – No expenses through SEPA Transfer. Global exchanges have changing expenses relying upon the nation of beginning 
  • SafeCharge – 1.95% – 2.95% expense + 0.29 EUR exchange charge 
  • Neteller and Skrill – 2.90% expense + 0.29 EUR exchange charge 
  • SOFORT – 1.8% expense + 0.25 EUR exchange charge 

Contingent upon the nation of your bank, withdrawals are generally credited within 2-7 working days. Withdrawals accompany changing expenses and preparing times: 

  • SOFORT – 1 – 3 days 
  • SafeCharge – 2 – 3 days + 2 EUR exchange charge 
  • Skrill – 24h + 1% expense; however charges don’t surpass 10 EUR 
  • Neteller – 24h + 2% expense however charges don’t surpass 30 USD

Demo Account

Clients can open a free demo exchanging account while getting a similar JFD experience with live real-time performances. Essentially join and information your subtleties on the merchant’s site. A free demo account is valuable for new or proficient brokers who need to test procedures without gambling cash.

JFD Bank Bonuses

There are no authority rewards offered by JFD Bank, which is because of administrative guidelines. While there are other no-store rewards and promotion codes provided on other informal sites, clients should know about the agreements before asserting.

Regulation

JFD Group Ltd is approved and managed by CySEC under permit no. 150/11. With this guideline, the agent is authorized and directed to lead the executives, venture appeal, and execution exercises. JFD Overseas Ltd is approved and supervised by VFSC (License no. 17933). The organization is supported and directed to lead managing in protections, portfolio the executives, speculation appeal, and request execution. JFD Bank AG is authorized and directed by BaFin (License no. 120056) and is allowed to give speculation and banking administrations. 

The organization is enlisted in numerous nations across Western Europe, including the UK, France, Ireland, Greece, and Spain. JFD Bank AG is likewise a capital business sectors accomplice in the Frankfurt, Munich, Düsseldorf, and Vienna stock trades. Subsequently, customers should feel guaranteed that the intermediary isn’t a trick.

Additional Features

  • Market News & analysis – Expert investigators furnish excellent everyday articles alongside elite membership-based substance-free of charge. 
  • Webinars, live events, seminars– Users gain admittance to consistently coordinated online courses, live occasions, and classes. Meetings are accessible in various dialects and are either free or paid. Check upcoming meetings on the JFD occasion schedule. 
  • YouTube – The dealer has a YouTube channel called JFD. Online classes and other instructive recordings are accessible to see on the track.

Trading Accounts

JFD keeps things straightforward with one retail account. Contingent upon the stage picked, individuals can exchange up to 1500+ instruments across 8 resources. To open a live record, clients need to give an ID check and complete a survey on exchanging information and experience. The base store required is $500.

Benefits

  • Investor Compensation Fund (ICF)
  • Social trading on Guidance
  • Over 1,500 instruments
  • Webinars & live events
  • Regulated
  • VPS

Drawbacks

  • High $500 minimum deposit
  • No US and Russian clients
  • High deposit fees
  • No copy trading

Trading Hours

Each market is dependent upon explicit exchanging hours. Opening times on forex, files, and wares markets are open 24/5. ETFs and digital currencies are accessible day in and day out. JFD gives a table to exact exchanging times dependent on every country, which can be seen on their site under Contract Specifications.

Customer Support

Client service can be reached 24 hours, 5 days seven days. Clients can contact them by phone at +49 (0) 69175374271, email through support@jfdbank.com, or live talk. 

Telephone and live talk support hours are Sunday 23:00 CET to Friday 23:00 CET. JFD additionally gives a rundown of general helplines and offers multilingual client assistance. 

JFD Group Ltd is settled in Cyprus at: 

Kakos Premier Tower 

Kyrillou Loukareos 70 

4156 Limassol, Cyprus 

The specialist likewise has auxiliaries in Germany and Vanuatu and branches in Madrid, Spain, and Bulgaria.

Security

Customer reserves are entirely isolated and kept in authorized monetary organizations. Besides, JFD keeps global administrative norms. The organization is likewise an individual from the Investor Compensation Fund (ICF), which ensures the security of assets. Regardless of Wirecard’s indebtedness in 2020, JFD acted quickly to ensure customer reserves were not influenced. 

The gathering offers negative equilibrium security and guarantees a lower influence set-up, intended to lessen the danger of draining records. Complete reviews are additionally directed by inward and outside examiners. With the tremendous customer insurance measures and great organization rehearses set up, we are sure that JFD is free from any dangerous dealer.

JFD Bank Verdict

This survey was dazzled with JFD Bank’s merchant-driven methodology, emphasizing reasonable and direct contributing. What’s more, it’s a setup and multi-managed representative with cycles to secure customer reserves. It additionally offers a vast scope of exchanging instruments with advanced stages. The solitary significant drawbacks are the high spreads on driving forex sets and records, in addition to the $500 least store necessity. Notwithstanding this, we are happy with suggesting JFD Bank.

Accepted Countries

JFD Bank acknowledges merchants from Australia, Thailand, Canada, United Kingdom, South Africa, Singapore, Hong Kong, India, France, Germany, Norway, Sweden, Italy, Denmark, United Arab Emirates, Saudi Arabia, Kuwait, Luxembourg, Qatar, and most different nations. 

Merchants can not utilize JFD Bank from the United States, Russian Federation.

Alternatives to JFD Bank

In case you are searching for options in contrast to JFD Bank, we have ordered a rundown of the main 5 representatives like JFD Bank. This rundown of merchants like JFD Bank is arranged by comparability and incorporates organizations that acknowledge brokers from your area. 

  1. OctaFX – OctaFX offers multi-resource exchanging on a scope of stages and portable arrangements. 
  2. FP Markets – FP Markets is a multi-resource specialist offering a decision of exchanging stages. 
  3. FBS – FBS is a top online dealer offering MT4 and MT5 exchanging across a scope of instruments. 
  4. RoboForex – RoboForex is a multi-resource online dealer offering incredible exchanging associates. 
  5. Naval commander Markets – Admiral Markets is driving Forex and CFD agent offering the MT4 and MT5 stages

FAQ 

Is JFD Bank Regulated?

Indeed. The agent is multi-controlled under CySEC (permit no.150/11 ), VFSC (permit no.17933 ), and BaFin (permit no.120056). Therefore, we’re not stressed that JFD is a trick. 

Does JFD Bank offer a demo account?

Indeed, JFD Bank offers a free demo account. Basically, join and begin working on exchanging procedures through the merchant’s set-up of exchanging stages. 

How much capital do I need to trade with JFD Bank?

A base store of $500 is needed to open a record. This is generally high contrasted with numerous internet exchanging specialists. 

Is JFD Bank a good broker?

JFD Bank is a decent all-around agent, offering a broad scope of instruments on unique stages. Be that as it may, this present merchant’s spreads on driving tools are not the most serious. 

Is JFD Bank a trustworthy broker?

We accept that JFD Bank is a dependable dealer with positive audits. On top of being controlled by a few believed bodies and keeping subsidies independent, it conducts customary reviews and gives yearly financial reports.

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