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FX Choice , JFD Broker Comparison

Do you want to know which is the better broker between FX Choice and JFD ?

In the table below, you can compare the features of FX Choice , JFD side by side to determine the best fit for your needs.

  • Rating
  • Basic Information
  • Benchmark
  • Account Information
  • Relevant information
  • Relevant exposure
  • Rating
  • Basic Information
  • Benchmark
  • Account Information
  • Relevant information
  • Relevant exposure
 2  brokers in total
Rating
Score
Regulatory Status
WikiFX Guarantee
WikiFX Survey
Risk Evaluation
Exposure
Official website
Basic Information
Established(years)
Regulatory license
MT4
MT5
Crypto
Deposit and withdrawal method
Benchmark
environment rating
Transaction Speed
Transaction speed rating
Average transaction speed(ms)
The highest transaction speed(ms)
The highest speed of opening positions(ms)
The highest speed of closing position(ms)
Slowest transaction speed(ms)
The lowest speed of opening positions (ms)
The lowest speed of closing position(ms)
Trading slippage
Transaction slippage rating
Average slippage
Maximum transaction slippage
Maximum positive slippage
Maximum negative slippage
Transaction Cost
Transaction cost rating
  • Average transaction cost (USD/Lot)
Rollover Cost
Rollover cost rating
  • Average Rollover Cost (USD/Lot)
Disconnection results
Software disconnection rating
Average disconnection frequency (times/day)
Reconnection time(ms)
Account Information
Account name
Products
Deposit REQ
Maximum Leverage
Spread of majors
Forced Liquidation Ratio
Spread Types
Minimum Position
Crypto
Lock postition
Scalping
EA trading
2.6
Offshore Regulated
No guarantee
5-10 years
FSC
Supported
Supported
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36 currency pairs; Indices, Metals, Commodities, Energies, Cryptocurrencies
$100
1:200
from 0
15.00
--
0.01
--
Pin on the left
7.87
Regulated
No guarantee
10-15 years
CYSEC,BaFin,AMF,FCA,VFSC
Supported
Supported
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Foreign exchange, precious metals, stocks, indices, bonds, commodities
500 usd
400:1
from 0 pip
--
floating
0.01 lot
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Score
Regulatory Status
Offshore Regulated
Regulated

FX Choice 、 JFD BrokerRelevant information

JFD BrokerRelevant exposure

Which broker is more reliable?

You can determine the reliability and credibility of a broker by checking four factors:

1.Forex broker introduction。

2.Are the transaction costs and expenses of fx-choice, jfd lower?

3.Which broker is safer?

4.Which broker provides better trading platform?

Based on these four factors, we can compare which is reliable. We have broken down the reasons as follows:

Forex broker introduction

fx-choice
Registered in Belize
Regulated by FSC
Year(s) of establishment 2-5 years
Trading instruments Currency pairs, indices, commodities, metals, energy, cryptocurrencies, stocks
Minimum Initial Deposit $10
Maximum Leverage 1:1000
Minimum spread 0.0 pips onwards
Trading platform MT4, MT5, webtrader
Deposit and withdrawal method cryptocurrencies, VISA, MasterCard, Perfectmoney, Skrill, Neteller, astropay and many other options
Customer Service Email/phone number/address/live chat/call back
Fraud Complaints Exposure Yes

It is important to note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies. In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then. Therefore, readers are advised to always verify updated information directly with the company before making any decision or taking any action. Responsibility for the use of the information provided in this review rests solely with the reader.

In this review, if there is a conflict between the image and the text content, the text content should prevail. However, we recommend that you open the official website for further consultation.

Pros and cons of FX Choice

Pros:

  • Multiple account types with varying minimum deposits and commissions to suit traders with different needs and preferences.

  • The option to trade a wide range of financial instruments including Forex, metals, indices, cryptocurrencies, and shares.

  • Multiple platform options including the popular MetaTrader 4 and 5, as well as a WebTrader platform.

  • High leverage of up to 1:1000 for the Optimum account, providing the opportunity for potentially higher profits.

  • A variety of deposit and withdrawal methods, including popular e-wallets and cryptocurrencies, with a 15% deposit bonus available.

  • Comprehensive educational resources including autotrade, copy trading, and trading signals to help traders make informed decisions.

  • Multilingual customer support available 24/5 via phone, email, live chat, and call back.

Cons:

  • Limited options for those who prefer a low minimum deposit or zero commission account.

  • Pro account holders are charged a commission of USD 3.5 per side, which may be relatively high for some traders.

  • Limited to only a few trading platforms, which may not suit traders who prefer other platforms.

  • The maximum leverage available of up to 1:1000 for the Optimum account may be too high for some traders who prefer a lower level of risk.

  • The customer support service does not offer 24/7 assistance.

What type of broker is FX Choice?

Advantages Disadvantages
FX Choice offers tight spreads and fast execution due to its Market Making model. As a counterparty to its clients' trades, FX Choice has a potential conflict of interest that may lead to decisions that are not in the best interest of its clients.

FX Choice is a Market Making (MM) broker, which means that it acts as a counterparty to its clients in trading operations. That is, instead of connecting directly to the market, FX Choice acts as an intermediary and takes the opposite position to its clients. As such, it can offer faster order execution speed, tighter spreads and greater flexibility in terms of the leverage offered. However, this also means that FX Choice has a certain conflict of interest with their clients, as their profits come from the difference between the bid and ask price of assets, which could lead to them making decisions that are not necessarily in the best interests of their clients. It is important for traders to be aware of this dynamic when trading with FX Choice or any other MM broker.

General information and regulation of FX Choice

With a history between 2 and 5 years, FX Choice is an online forex broker regulated by FSC and is dedicated to providing a series of common forex instruments.

In the following article, we will analyze the characteristics of this broker in all its dimensions, providing you with easy and well-organized information. If you are interested, read on.

general information

Market instruments

Advantages Disadvantages
Wide range of trading markets including currency pairs, indices, commodities, metals, energy, cryptocurrencies, and stocks None found

FX Choice offers a vast selection of tradable instruments, including forex, indices, commodities, metals, energy, cryptocurrencies, and stocks. This wide range of markets provides traders with numerous opportunities to diversify their trading portfolio and take advantage of different market conditions. For instance, traders can choose to trade the highly liquid forex market, take positions on the commodities market, or trade the popular cryptocurrency markets. Additionally, traders can access various indices, energy, and metal markets to take advantage of market opportunities. Overall, the broad range of trading instruments on FX Choice makes it a suitable broker for both new and experienced traders who want access to multiple markets. No disadvantages were found in this dimension.

Market instruments

Spreads and commissions for trading with FX Choice

Advantages Disadvantages
Competitive spreads Pro account commission of USD 3.5 per side is relatively high
No commission on Classic and Optimum accounts Optimum account has higher spreads compared to other accounts
Rebates available on Pro account

FX Choice offers competitive spreads on all its account types. The Classic account has spreads starting from 0.5 pips, while the Optimum account has spreads starting from 1.5 pips. The Pro account has spreads starting from 0 pips but charges a commission of USD 3.5 per side, which is relatively high compared to other brokers. However, rebates of up to USD 2 per side are available for high-volume traders on the Pro account. There are no commissions charged on the Classic and Optimum accounts, making them suitable for traders who do not want to pay additional fees. Overall, FX Choice's spreads are competitive and can be considered an advantage for traders.

Spreads

Trading accounts available in FX Choice

Demo Account: FX Choice provides a demo account that allows you to try out the financial markets without the risk of losing money.

Live account: FX Choice offers three account types: Classic, Optimum, and Pro Accounts. The Classic Account has a minimum deposit of USD 100 and offers tight spreads starting from 0.5 pips. The Optimum Account, on the other hand, requires a minimum deposit of only USD 10 but has wider spreads starting from 1.5 pips. The Pro Account has a minimum deposit of USD 100 and offers the tightest spreads starting from 0 pips. However, it comes with a relatively high commission fee of USD 3.5 per side. All account types allow for a minimum lot size of 0.01 lots, and the leverage for forex and metals trading ranges from 1:200 to 1:1000. Moreover, the accounts support different markets, including forex, indices, metals and energies, cryptocurrencies, and stocks, among others.

Classic Account Optimum Account Pro Account
Minimum deposit USD 100 USD 10 USD 100
Tight spreads starting from 0.5 pips 1.5 pips 0 pips
Minimum lot size 0.01 lots 0.01 lots 0.01 lots
Commission charged Negative figure under ‘Commission’ in trade history No No USD 3.5 per side (USD 1.5 for high-volume traders, see Pips+), per notional amount of USD 100,000
Rebate added Above-zero figure under ‘Commission’ in trade history Up to USD 2 per side, per notional amount of USD 100,000. See Pips+. Up to USD 2 per side, per notional amount of USD 100,000. See Pips+. No
Leverage Forex, metals — up to 1:200; more markets. Forex, metals — up to 1:1000; more markets. Forex, metals — up to 1:200; more markets.
Margin level for hedge/lock positions 50% 50% 50%
Execution NDD, Market NDD, Market NDD, Market
Margin call / Stop out 25/15 25/15 25/15
Forex CFDs 36 currency pairs 36 currency pairs 36 currency pairs
More CFDs Indices, Metals & Energies, Crypto, Shares Indices, Metals & Energies, Crypto, Shares Indices, Metals & Energies, Crypto, Shares

Trading platform(s) that FX Choice offers

Advantages Disadvantages
MetaTrader 4 (MT4) platform available No proprietary platform
MetaTrader 5 (MT5) platform available No cTrader platform available
WebTrader platform available

FX Choice offers three popular trading platforms to its clients: MT4, MT5, and WebTrader. The MetaTrader platforms are well-known for their advanced charting capabilities and algorithmic trading options, making them ideal for both novice and experienced traders. The WebTrader platform is a browser-based platform that allows traders to access their accounts from anywhere without the need for downloading any software. However, FX Choice does not have its own proprietary platform, which may be a disadvantage for traders who prefer a more customized trading experience. Additionally, the absence of the cTrader platform may be a drawback for traders who prefer this platform for its advanced charting and order execution features. Overall, the availability of the popular MetaTrader platforms and a browser-based WebTrader platform provides traders with flexibility and accessibility to trade from various devices.

Trading platform(s)

Maximum leverage of FX Choice

Advantages Disadvantages
Allows for higher potential profits with smaller initial investment Higher leverage increases risk of large losses
Greater flexibility in trading strategies and positions Can lead to overtrading and poor risk management
Enables traders to access larger markets with limited capital Inexperienced traders may be tempted to use high leverage without understanding the risks
Can increase trading volume and potential returns Market volatility can quickly wipe out an account with high leverage

FX Choice offers maximum leverage of up to 1:1000 for Optimum account and 1:200 for Classic and Pro account, which allows traders to open larger positions with a smaller amount of capital. This can be advantageous for traders who have a good understanding of risk management and use leverage wisely to maximize their trading opportunities. However, high leverage can also lead to large losses if traders do not use it responsibly. It is important for traders to understand the risks involved and have a solid trading plan in place when using high leverage. Additionally, traders should always consider the market conditions and volatility before using high leverage in their trades.

Maximum leverage

Deposit and Withdrawal: methods and fees

Advantages Disadvantages
Multiple deposit and withdrawal options Some deposit/withdrawal methods may not be available in certain countries
15% deposit bonus available Withdrawal fees may apply
Cryptocurrency deposits and withdrawals available Bonus terms and conditions may apply
Fast processing time for most payment methods

FX Choice offers clients a wide range of deposit and withdrawal options, including cryptocurrencies, Visa, Mastercard, Skrill, Neteller, and many more. The 15% deposit bonus is also an attractive feature for new clients. However, some payment methods may not be available in certain countries and withdrawal fees may apply. It's also important to note that bonus terms and conditions may apply. In general, FX Choice aims to process payments quickly, which is a positive aspect for clients looking for a fast and efficient payment system.

 deposit and withdrawal

Educational resources in FX Choice

Advantages Disadvantages
A wide range of educational resources including market signals, autotrade, copy trading, VPS, news, trading signals, and EA Limited educational materials for beginners
Access to professional trading tools Some resources may require additional fees or commissions
Customizable tools to meet individual needs and preferences
Opportunity to learn from experienced traders

FX Choice offers a variety of educational resources that cater to the needs of traders at different levels of experience. The platform provides a range of professional trading tools that traders can use to improve their skills and knowledge. The educational resources available include market signals, autotrade, copy trading, VPS, news, trading signals, and EA. These resources are customizable, allowing traders to tailor them to their individual needs and preferences. Additionally, traders can learn from experienced traders by using the platform's copy trading features. While FX Choice offers a wide range of educational resources, there may be limited materials for beginners, and some resources may require additional fees or commissions. Overall, the platform offers a strong set of educational resources for traders looking to improve their trading skills and knowledge.

Educational resources

Customer service of FX Choice

Advantages Disadvantages
24/5 customer service available No 24/7 customer service available
Support in multiple languages No local phone numbers for some countries
Various contact methods available No physical office for some regions
Quick response time through live chat and phone Limited information on the website about customer service protocols
Call back service available

FX Choice offers 24/5 customer service to its clients, providing support in multiple languages through various channels such as email, phone, live chat and call back service. The quick response time through live chat and phone is an advantage, ensuring that clients can get their issues resolved promptly. However, the lack of 24/7 customer service and local phone numbers for some countries could be a disadvantage for clients in those regions. While FX Choice has a physical office, it may not be accessible to some clients. The website could also provide more information about the customer service protocols in place to manage clients' issues. Overall, FX Choice's customer care dimension provides a good level of support to its clients.

Customer service

Conclusion

FX Choice is a well-established online trading platform that provides a wide range of trading instruments, including forex, CFDs, and cryptocurrencies. The platform offers multiple account types, educational resources, and 24/5 customer support in various languages. It also provides various deposit and withdrawal options, making it easy for traders to manage their funds. One of the most significant advantages of FX Choice is the availability of the MetaTrader platform, which is a popular and user-friendly platform used by many traders worldwide. While there are some disadvantages, such as the limited availability of some services, FX Choice remains a reputable and reliable platform for both beginner and experienced traders looking to trade various financial instruments. Overall, with its comprehensive trading features, customer support, and user-friendly platform, FX Choice is an attractive choice for traders looking for a reliable online trading platform.

Frequently asked questions about FX Choice

  • Question: What is FX Choice?

  • Answer: FX Choice is an online forex and CFD broker that offers trading services to retail and institutional clients.

  • Question: What types of accounts does FX Choice offer?

  • Answer: FX Choice offers three types of accounts: Classic, Optimum, and Pro.

  • Question: What is the minimum deposit to open an account with FX Choice?

  • Answer: The minimum deposit to open a Classic account is USD 100, while the minimum deposit for an Optimum account is USD 10, and for a Pro account, it is USD 100.

  • Question: What is the maximum leverage offered by FX Choice?

  • Answer: FX Choice offers leverage up to 1:1000 for Optimum account and 1:200 for Classic and Pro accounts.

  • Question: What trading platforms are available at FX Choice?

  • Answer: FX Choice offers the popular trading platforms MT4, MT5, and WebTrader.

  • Question: What are the deposit and withdrawal methods available at FX Choice?

  • Answer: FX Choice offers various deposit and withdrawal methods, including credit cards, e-wallets, bank transfers, and cryptocurrencies.

  • Question: Does FX Choice offer educational resources for traders?

  • Answer: Yes, FX Choice provides educational resources such as market signals, autotrade, copy trading, VPS, news, trading signals, and EA.

jfd

Risk Warning

Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.

General Information

JFD Review Summary in 10 Points
Founded 2011
Registered Country/Region United Kingdom
Regulation CySEC, BaFin, BDF
Market Instruments Forex, Precious Metals, CFDs, Indices, Stocks, Crypto, Commodities, ETFs & ETNs
Demo Account Available
Leverage 1:30/1:400
EUR/USD Spread 0.3 pips
Trading Platforms MT4+, MT5+, WebTrader, stock 3
Minimum deposit $/€/£/Fr500
Customer Support 24/5 live chat, phone, email

What is JFD?

JFD, also known as JFD Group Ltd, is a multi-regulated online trading and investment services provider founded in 2011, headquartered in Limassol, Cyprus, with offices in Germany and Spain. The company offers access to a wide range of financial instruments, including Forex, CFDs, indices, stocks, commodities, and cryptocurrencies. JFD is known for its transparent and customer-centric approach, providing clients with advanced trading platforms, competitive pricing, and a range of educational resources.

JFD

In the following article, we will analyze the characteristics of this broker from various aspects, providing you with simple and organized information. If you are interested, please read on. At the end of the article, we will also briefly make a conclusion so that you can understand the broker's characteristics at a glance.

Pros & Cons

JFD offers several notable advantages, including multi-regulation from respected authorities, a wide range of financial instruments, and transparent pricing with competitive spreads and commissions. Traders can also benefit from advanced trading platforms and access to research and educational resources.

However, it's important to consider the higher minimum deposit requirement and the reports of withdrawal issues that some users have encountered.

Pros Cons
• Multi-regulated by CySEC, BaFin, BDF • Reports of withdrawal issues
• Wide range of financial instruments • Regional restrictions
• Demo accounts available • Only one type of account
• Transparent pricing • No Swap-free accounts
• Advanced trading platforms - MT4/5 • Higher minimum deposit
• Multiple payment methods • Deposit/withdrawal fees charged
• Research and educational resources

Overall, JFD can be a suitable choice for traders looking for a regulated broker with diverse trading options, but it's crucial to exercise caution and conduct thorough research before making any decisions.

JFD Alternative Brokers

    There are many alternative brokers to JFD depending on the specific needs and preferences of the trader. Some popular options include:

    • Hantec Markets - A reliable choice for traders with its strong regulatory oversight and competitive trading conditions.

    • FxPrimus - A trusted broker with a focus on client protection and a wide range of trading instruments, suitable for both beginner and experienced traders.

    • Vantage FX - An established broker offering diverse trading options, advanced platforms, and competitive pricing, making it a preferred choice for active traders.

Ultimately, the best broker for an individual trader will depend on their specific trading style, preferences, and needs.

Is JFD Safe or Scam?

JFD is regulated by reputable financial authorities such as Cyprus Securities and Exchange Commission (CYSEC, License No. 150/11), Germany Federal Financial Supervisory Authority (BaFin, License No. 126399), and France Banque de France (BDF, License No. 74013). These regulatory licenses indicate that JFD adheres to certain standards and regulations to ensure the safety and protection of client funds.

Additionally, the provision of negative balance protection is an added safety feature that safeguards clients from potentially owing more than their initial investment. However, it's important to note that while regulatory oversight and negative balance protection are positive factors, it's always recommended to conduct thorough research and due diligence before engaging with any broker.

Market Instruments

JFD offers 1,500+ financial instruments across 9 asset classes. The available instruments include Forex currency pairs, allowing traders to participate in the global currency market. Precious metals such as gold and silver are also available for those looking to invest in safe-haven assets.

Additionally, JFD offers Contracts for Difference (CFDs) on various indices, giving traders exposure to the performance of major stock indices around the world. Stocks of leading companies can also be traded, allowing investors to take positions in individual equities.

Furthermore, JFD provides access to cryptocurrencies, commodities, and ETFs & ETNs, offering opportunities for diversification and potential profit in these markets. With a comprehensive selection of market instruments, JFD caters to the diverse trading needs and strategies of its clients.

Accounts

JFD offers traders an account type with a minimum deposit of $/€/£/Fr500. While this requirement may be higher compared to some other brokers, it may attract more serious and experienced traders who are willing to commit a larger capital.

The margin call level of 100% ensures that traders receive notifications when their account equity falls below the required margin, helping them manage their positions effectively. The stop out level of 50% serves as a safety net, automatically closing positions when the account equity reaches a specified level, preventing further losses.

Additionally, JFD offers free demo accounts, allowing traders to practice and test their strategies in a risk-free environment before committing real funds.

Leverage

JFD is subject to the laws and regulations of each jurisdiction in which it operates. For this reason, JFD often employs a small leverage ratio. In addition, traders based in Europe can utilize a maximum leverage of 1:30 on Forex products, while traders based elsewhere who use JFD can ask for a leverage of up to 1:400. The leverage is 1:30 for major currency pairs, 1:20 for minor currency pairs, 1:20 for gold trading, 1:5 for silver trading, and 1:5 for stocks trading.

Spreads & Commissions

JFD offers competitive spreads and commissions on a wide range of trading instruments. The EUR/USD pair, for example, has a floating spread of approximately 0.3 pips, which is favorable for traders looking to engage in forex trading. The specific spreads for other trading instruments can be found on JFD's website or through the provided screenshot.

Spreads

In terms of commissions, JFD charges $3/€2.75/£2.5/Fr3 per lot per side for forex and precious metals trading, providing transparency and clarity for traders. For indices and commodities, the commission is $/€/£/Fr0.1 per CFD per side, ensuring a cost-effective trading experience.

When it comes to stocks trading, JFD applies a commission structure of $0.02 per share with a minimum ticket charge of $5 per side for US stocks. For French, German, Dutch, Spanish, and UK stocks, the commission is 0.05% of the order volume with a minimum ticket fee of $5 per side.

Crypto trading does not attract any commission charges, making it an attractive option for traders interested in this asset class. Lastly, for ETFs & ETNs, JFD applies a commission of $0.025 per share with a minimum ticket charge of $5.

Trading Instrument Commission
Forex / precious metals $3/ €2.75/£2.5/Fr3 per lot per side
Indices / commodities $/€/£/Fr0.1 per CFD per side
US stocks $0.02 per share / minimum ticket charge $5 per side
French / German / Dutch / Spanish / UK stocks 0.05% of order volume / minimum ticket fee of $5 per side
crypto 0%
ETFs / ETNs $0.025 per share / minimum ticket charge $5

Overall, JFD's spreads and commissions are competitive and provide traders with transparent and fair pricing structures for their trading activities.

Below is a comparison table about spreads and commissions charged by different brokers:

Broker EUR/USD Spread (pips) Commission (per lot per side)
JFD 0.3 $3/€2.75/£2.5/Fr3 (Forex / precious metals)
Hantec Markets 0.2 $6
FxPrimus 0.5 $5
Vantage FX 0.0 $7

Note: The information presented in this table may be subject to change and it is always recommended to check with the broker's official website for the latest information on spreads and commissions.

Trading Platforms

JFD provides a range of robust trading platforms to cater to the diverse needs of its clients. Traders have the option to choose from MetaTrader 4+ (MT4+), MetaTrader 5+ (MT5+), and JFD's own proprietary platform called Stock 3. The popular MetaTrader platforms offer advanced charting capabilities, a wide range of technical indicators, and the ability to execute trades efficiently.

Traders can access MT4+ and MT5+ not only on desktop but also through the web-based versions, known as MT4+ WebTrader and MT5+ WebTrader. These web-based platforms enable traders to access their accounts and trade from any device with an internet connection, providing flexibility and convenience.

Trading Platforms

Additionally, JFD's proprietary platform, Stock 3, offers a unique trading experience tailored to stock trading, providing traders with the tools and features necessary for efficient stock market analysis and execution.

With a choice of these powerful trading platforms, JFD ensures that traders have the tools and technology they need to execute their trading strategies effectively and make informed investment decisions.

See the trading platform comparison table below:

Broker Trading Platforms
JFD MetaTrader 4+, MT4+ WebTrader, MetaTrader 5+, MT5+ WebTrader
Hantec Markets MetaTrader 4, Currenex, Hantec Web Trader
FxPrimus MetaTrader 4, MetaTrader 5
Vantage FX MetaTrader 4, MetaTrader 5, WebTrader

Deposits & Withdrawals

JFD offers a variety of convenient and secure payment methods for both deposits and withdrawals. Traders can fund their accounts using popular options such as Visa, MasterCard, Maestro, Skrill, Neteller, nuvei, Sofort, bank wire, and payabl.

Payment Options

The minimum deposit requirement is set at $/€/£/Fr500, ensuring accessibility for traders with different budget sizes.

JFD minimum deposit vs other brokers

JFD Most other
Minimum Deposit $/€/£/Fr500 $100

Deposit and withdrawal fees may vary depending on the chosen payment method. To obtain specific details regarding these fees, traders can refer to the broker's website.

Customer Service

JFD values the importance of excellent customer service and aims to provide reliable support to its clients. With a dedicated team available 24/5, traders can reach out to JFD through various channels, including email, telephone, and live chat. This ensures prompt assistance and allows traders to address any inquiries or trading-related issues they may encounter.

In addition to traditional communication methods, JFD also maintains an active presence on popular social media platforms such as Linkedin, Twitter, Facebook, YouTube, and Telegram. By following JFD on these platforms, traders can stay updated on the latest news, market insights, educational resources, and more.

Customer Service1
Customer Service2
Customer Service 3

JFD also provides a Frequently Asked Questions (FAQ) section on its website where you can find answers to common queries regarding account opening, platform usage, and more. The FAQ section can be a helpful resource for obtaining quick and concise information about various aspects of trading with JFD.

FAQ

The comprehensive customer service offered by JFD reflects their commitment to ensuring a positive trading experience for their clients.

Pros Cons
• Multiple contact channels • No 24/7 customer support
• 24/5 live chat support
• Active presence on popular social media
• FAQ section is available

Note: These pros and cons are subjective and may vary depending on the individual's experience with JFD's customer service.

User Exposure at WikiFX

On our website, you can see that some reports of unable to withdraw. Traders are encouraged to carefully review the available information and consider the risks associated with trading on an unregulated platform. You can check our platform for information before trading. If you find such fraudulent brokers or have been a victim of one, please let us know in the Exposure section, we would appreciate it and our team of experts will do everything possible to solve the problem for you.

User Exposure at WikiFX

Education

JFD provides a range of educational resources to support traders in enhancing their knowledge and skills in the financial markets. Traders can benefit from research and analysis materials, which offer insights into market trends, news, and technical analysis.

Additionally, JFD offers webinars and live events where traders can learn from industry experts and gain practical trading tips. The broker also provides a comprehensive trading glossary, which serves as a valuable reference tool for understanding trading terminology and concepts.

Education

By offering these educational resources, JFD demonstrates its commitment to empowering traders and equipping them with the necessary knowledge to make informed trading decisions.

Conclusion

In conclusion, JFD is a regulated broker with a strong reputation and years of industry experience. It offers a diverse range of financial instruments, competitive spreads, and commissions. The availability of multiple trading platforms, along with research and educational resources, adds to its appeal. However, it's worth noting the higher minimum deposit requirement and some reports of withdrawal issues. Traders should carefully consider these factors and conduct their own due diligence before engaging with JFD. Overall, JFD presents a solid option for traders seeking a regulated brokerage, but caution is advised.

Frequently Asked Questions (FAQs)

Q 1: Is JFD regulated?
A 1: Yes. It is regulated by CySEC, BaFin, and BDF.
Q 2: At JFD, are there any regional restrictions for traders?
A 2: Yes. A restriction on offering investment services applies to residents of certain jurisdictions including the USA, Russia, Belarus, Poland, Latvia, Japan, Australia, New Zealand, Singapore, Egypt, Czech Republic, UK and to residents of other countries whose domestic regulations classify such investment offering as prohibited.
Q 3: Does JFD offer demo accounts?
A 3: Yes.
Q 4: Does JFD offer the industry leading MT4 & MT5?
A 4: Yes. It supports MT4+, MT5+, WebTrader, and stock 3.
Q 5: What is the minimum deposit for JFD?
A 5: The minimum initial deposit to open an account is $/€/£/Fr500.
Q 6: Is JFD a good broker for beginners?
A 6: No. It is not a good choice for beginners. Though it is a regulated broker and offers quite competitive trading conditions and the leading trading platforms, the initial deposit requirement is too high for beginners.

Are the transaction costs and expenses of fx-choice, jfd lower?

To compare transaction costs across different brokers, our experts analyze the transaction-specific fees (such as spreads) and non-trading fees (such as inactivity fees and payment costs).

To get a comprehensive understanding of how cheap or expensive fx-choice and jfd are, we first considered common fees for standard accounts. On fx-choice, the average spread for the EUR/USD currency pair is from 0 pips, while on jfd the spread is from 0 pip.

Which broker between fx-choice, jfd is safer?

To determine the safety of our top brokers, our experts will consider many factors. This includes which licenses the broker holds and the credibility of these licenses. We also consider the history of brokers, because long-term brokers are usually more reliable and trustworthy than new brokers.

fx-choice is regulated by FSC. jfd is regulated by CYSEC,BaFin,AMF,FCA,VFSC.

Which broker between fx-choice, jfd provides better trading platform?

When our experts review brokers, they will open their own accounts and trade through the broker's trading platform. This enables them to comprehensively evaluate the quality, ease of use, and function of the platform.

fx-choice provides trading platform including Pro,Classic,Optimum and trading variety including 36 currency pairs; Indices, Metals, Commodities, Energies, Cryptocurrencies. jfd provides trading platform including MT4 and trading variety including Foreign exchange, precious metals, stocks, indices, bonds, commodities.

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