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

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.

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.

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.

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.

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:

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.

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:

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.

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

JFD minimum deposit vs other brokers

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.

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.

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

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.

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.

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)

Avatrade Information

Avatrade is an online forex and CFD broker that was established in 2006. The company is headquartered in Dublin, Ireland, and is regulated by several financial authorities around the world, including ASIC, FSA, FFAJ, ADGM, CBI, FSCA, and KNF.

As a market maker broker, Avatrade offers a range of tradable assets including forex, CFD, stock, commodities, indices, futures, cryptocurrencies, and options. The broker provides clients with access to multiple trading platforms, including AvaTrade Mobile App, WebTrader, AvaSocial, AvaOptions, MT4, MT5, and DupliTrade.

Avatrade requires a minimum deposit of $100 to open an account, and clients can choose from a variety of payment methods including MasterCard, Visa, PayPal, Skrill, Neteller, Wire Transfer, Perfect Money, Boleto.

Customer support is available via live chat, phone, email, and a knowledge base. The broker also provides a range of educational resources for traders, including academy, trading for beginners, trading platforms turtorials, economic indicators, trading rules, blog, trading webinars.

Is Avatrade Legit?

Avatrade is regulated by multiple financial regulatory authorities, including the Australian Securities and Investments Commission (ASIC), the Financial Services Authority (FSA), the Financial Futures Association of Japan (FFAJ), the Abu Dhabi Global Market of the United Arab Emirates (ADGM), the Central Bank of Ireland (CBI), the Financial Sector Conduct Authority of South Africa (FSCA), and the Polish Financial Supervision Authority of Poland (KNF). These regulatory bodies ensure that Avatrade operates with transparency, integrity, and in compliance with regulatory requirements.

• Ava Capital Markets Australia Pty Ltd - authorized by ASIC (Australia) registration no. 406684
• Ava Trade Japan K.K. - authorized by FSA (Japan) registration no. 2010401081157 and FFAJ registration no. 1574
• Ava Trade Middle East Limited - authorized by ADGM (UAE) registration no.190018
• AVA Trade EU Ltd - authorized by CBI (Ireland) registration no. C53877
• Ava Capital Markets Pty Ltd - authorized by FSCA (South Africa) registration no. 45984
• AVA Trade EU Limited - authorized by KNF (Poland) registration no.693023

Pros & Cons of Avatrade

When it comes to choosing a broker, it's important to carefully consider the pros and cons to determine which one is right for you. Some potential advantages of a broker may include competitive spreads, user-friendly trading platforms, and rich educational resources. Additionally, a regulated broker can provide peace of mind knowing that your funds are protected.

Market Intruments

Avatrade offers a wide range of trading instruments across various markets, including Forex, CFD, stock, commodities, indices, futures, cryptocurrencies, and options.

• Forex: Avatrade offers more than 50 currency pairs, including major, minor, and exotic pairs.
• Stocks: Traders can trade stocks from major global exchanges, such as NASDAQ, NYSE, LSE, and more.
• Commodities: Avatrade offers trading in precious metals like gold and silver, energy commodities like oil and gas, and agricultural commodities like wheat and coffee.
• Cryptocurrencies: This broker offers trading in popular cryptocurrencies such as Bitcoin, Ethereum, Ripple, and Litecoin, as well as lesser-known coins like Dash, Monero, and NEO.
• Indices: Avatrade provides access to major indices, including the S&P 500, NASDAQ, FTSE 100, and more.
• Options allow traders to take advantage of currency movements while limiting their risk. With FX options, traders can set a specific strike price at which they want to buy or sell a currency pair, and the option will be exercised only if the market reaches that price. This allows traders to potentially profit from market movements while limiting their potential losses.

Account Type

When it comes to account types, Avatrade only offers a standard account. This means that all clients will have access to the same features and trading conditions, regardless of the size of their deposit.

The standard account provides access to all of Avatrade's trading instruments, including forex, stocks, commodities, and cryptocurrencies. This means that traders can diversify their portfolio and take advantage of different market conditions, all within the same account.

Avatrade has a minimum deposit requirement of $100, which is relatively low compared to other brokers in the industry. However, there are other brokers that have a lower minimum deposit requirement than Avatrade. For instance, Pepperstone and XM have a minimum deposit requirement of $0 and $5, respectively.

Demo Account

Avatrade offers demo accounts for traders who want to practice their trading skills or test out the trading platform without risking real money. The demo account allows traders to access the full range of trading instruments and features on the Avatrade platform using virtual funds. It is a useful tool for new traders to get familiar with the platform and for experienced traders to test new strategies before using them in live trading. The demo account is available for 21 days and can be renewed upon request.

How to Open an Account?

When it comes to the process of opening an account with Avatrade, rest assured that it is one of the most streamlined and user-friendly experiences out there. Not only is the process simple and straightforward, but it is also designed to ensure that new traders can start their journey with ease.

• First, you need to visit the Avatrade website and click on the “Open A FREE Trading Account” button, which is prominently displayed on the homepage.

• Then, you will then be taken to a Sign Up Form where you will need to provide your email address. You will also need to create a password.

• After filling out the registration form, you will need to verify your identity by submitting a copy of your government-issued ID and a recent utility bill or bank statement. This is a standard requirement for all regulated brokers and is done to ensure the security and integrity of the trading platform.
• Once your account is verified, you can fund your account using one of the many payment options available, such as credit/debit card, bank transfer, or electronic wallets like Neteller or Skrill. After funding your account, you can download the Avatrade trading platform or use the web-based version to start trading.

Leverage

Avatrade offers leverage of up to 1:400 for forex trading and up to 1:200 for other instruments such as commodities and indices. This means that traders can control a larger position with a smaller amount of capital. However, it's important to keep in mind that leverage can magnify both profits and losses, and traders should use it responsibly and with caution.

Avatrade also offers a range of leverage options for different account types, including 1:30 for retail clients in compliance with ESMA regulations and 1:400 for professional clients. It's important to note that professional clients must meet certain criteria to qualify for higher leverage.

Spreads & Commissions (Trading Fees)

Avatrade offers competitive spreads and charges no commission fees for trading on its platform. The spreads offered by Avatrade vary depending on the trading instrument and market conditions. For example, the typical spread for EUR/USD is 0.9 pips, while for GBP/USD, it is 1.5 pips. Spreads for other instruments, such as indices and commodities, also vary.

However, it's important to note that spreads can vary depending on market conditions and volatility. Additionally, Avatrade charges commissions on certain trading instruments such as CFDs, which can impact the overall cost of trading.

Non-Trading Fees

Non-trading fees are the fees that a broker charges for activities other than trading. These fees can significantly impact the profitability of a trader, and it's important to be aware of them when choosing a broker. Avatrade charges inactivity fee and administration fee. You can find detailed info in the table below:

Trading Platform

Avatrade offers a selection of trading platforms that are designed to meet the needs of different types of traders. Here are some of the trading platforms offered by Avatrade:

1. AvaTrade Mobile App: This is a mobile app that is available on both iOS and Android platforms. It allows traders to access their accounts and trade on the go.
2. MT4: Avatrade offers the popular MetaTrader 4 (MT4) platform, which is widely used by traders around the world. MT4 is known for its user-friendly interface, advanced charting tools, and a range of custom indicators and expert advisors.
3. MT5: Avatrade also offers the MetaTrader 5 (MT5) platform, which is the successor to MT4. MT5 has several new features, including more advanced charting tools, a wider range of order types, and improved back-testing capabilities.
4. WebTrader: Avatrade's WebTrader platform allows traders to access their accounts and trade directly from their web browser. The platform is easy to use and offers a range of trading tools and indicators.
5. AvaOptions: This is Avatrade's platform for trading options. It offers a range of options trading tools, including risk management tools, and a range of customizable trading strategies.

Deposit & Withdrawal

Avatrade accepts MasterCard, Visa, PayPal, Skrill, Neteller, Wire Transfer, Perfect Money, and Boleto. The minimum deposit requirement is 100 USD, EUR, GBP or AUD. Deposit and withdrawal processing time very by the method you choose. You can find more detailed info in the screenshot below or directly visit this link: https://www.avatrade.com/about-avatrade/avatrade-withdrawals-deposits.

Customer Support

Avatrade offers customer support 24/7 through multiple channels, including live chat, contact form, WhatsApp: +447520644093, phone (vary by the region), and email. They also have a comprehensive FAQ section on their website, which covers a wide range of topics related to the platform and trading.

Educational Resources

Avatrade offers a variety of educational resources to help traders improve their skills and knowledge. They have a comprehensive educational section on their website that includes a range of materials such as academy, trading for beginners, trading platforms turtorials, economic indicators, trading rules, blog, etc. The video tutorials are easy to follow and cover a variety of topics, including trading platforms, technical analysis, and risk management. Avatrade also offers webinars that are conducted by experienced traders and cover a variety of topics. These webinars are interactive, allowing participants to ask questions and receive feedback from the presenter.

Conclusion

Avatrade is a well-established broker with a long history of providing trading services to traders worldwide. They offer a variety of trading instruments, including forex, CFD, stock, commodities, indices, futures, cryptocurrencies, and options, with competitive spreads and leverage options. Their trading platform is user-friendly and provides a range of advanced tools and features for traders of all skill levels. Additionally, they provide excellent customer support, educational resources, and a demo account for traders to practice their strategies. However, there are some downsides to consider, such as higher inactivity fees and limited account options.

FAQs

Is Avatrade regulated?

Yes, Avatrade is regulated by multiple reputable authorities, including ASIC (Australia), FSA (Japan), FFAJ (Japan), ADGM (UAE), CBI (Ireland), FSCA (South Africa), and KNF (Poland).

Does Avatrade offer a demo account?

Yes, Avatrade offers a free demo account for traders to practice and test their strategies before trading with real money.

What is the minimum deposit requirement for Avatrade?

The minimum deposit requirement for Avatrade is $100.

What is the maximum leverage offered by Avatrade?

The maximum leverage offered by Avatrade is 1:400.