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Do you want to know which is the better broker between JFD and xChief ?
In the table below, you can compare the features of JFD , xChief side by side to determine the best fit for your needs.
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EURUSD:1.1
EURUSD:6.8
EURUSD:21.08
XAUUSD:41.42
EURUSD: -8.9 ~ 1.1
XAUUSD: -39.8 ~ 16.2
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 jfd, forexchief 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:
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.
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 |
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.
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.
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.
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.
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.
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.
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.
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.
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.
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:
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 |
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 | 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.
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.
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.
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.
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.
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.
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. |
xChiefReview Summary | |
Founded | 2014 |
Registered Country/Region | Comoros |
Regulation | MISA (Offshore) |
Market Instruments | Forex, Metals, Commodities, Indexes, Stocks, Cryptos |
Demo Account | ✅ |
Leverage | Up to 1:1000 |
Spread | From 0 pips |
Trading Platform | MT4, MT5, xChief App |
Min Deposit | 0 |
Customer Support | Live chat, phone, email |
xChief (formerly ForexChief) is an online Forex and CFD trading broker that offers multiple assets for trading online via the MetaTrader4/5 platforms. Founded in 2014, its head office is in Vanuatu while other representative offices are in Singapore and Nigeria. xChief Ltd is incorporated in the Republic of Comoros.
xChief Ltd is a retail forex broker offshore regulated by the Mwali International Services Authority (MISA) in Comoros with the license number T2023379. Besides, xChief prioritizies the safety of client funds. If there are any losses caused by technical faults, xChief will compensate for them. It also protects clients' funds by segregating them into separate bank accounts.
xChief has several pros and cons. It offers various trading instruments, multiple account types, and user-friendly trading platforms. Besides, it also highlights the safety of client funds, and manages to protect them. What's more, it is well regulated, and it is a mature broker. However, some reports have been exposed, which says that xChief has slippage.
Pros | Cons |
Various trading instruments | Withdrawal issues and slippage |
Tight spreads | Offshore regulated |
Demo accounts | |
MT4/5 supported | |
No minimum deposit requirement | |
Live chat |
xChief offers 4 types of trading accounts: CENT account, Classic+ account, DirectFX account, and xPRIME account. Demo accounts are also available for traders.
Account Type | Account Curency | Minimum Deposit | No-Deposit Bonus $100 | Welcome Bonus $500 |
CENT | USD, EUR | 0 | ❌ | ❌ |
Classic+ | USD, EUR, GBP | $10 (or equivalent) | ✔ | ✔ |
DirectFX | USD, EUR, GBP | $50 (or equivalent) | ✔ | ✔ |
xPRIME | USD, EUR, GBP, CHF, JPY | $2000 (or equivalent) | ❌ | ✔ |
The leverage is relatively high, and for some types of accounts, it can be up to 1:1000, which means risks may also be high.
Account Type | Max Leverage | Spreads | Commissions |
CENT | 1:500 | From 0.9 pips | ❌ |
Classic+ | 1:1000 | From 0.6 pips | ❌ |
DirectFX | 1:1000 | From 0.3 pips | $/€/£2.5 |
xPRIME | 1:1000 | From 0 pips | $/€/£/₣3/¥500 |
Trading Platform | Available Devices | Suitable for |
MetaTrader5 | Desktop, iOS, Android, MacOS, Web | Beginners |
MetaTrader4 | Desktop, iOS, Android, MacOS, Web | Skilled and professional traders |
xChief Mobile App | Mobile | All types of traders |
TxChief supports different kinds of deposit and withdrawal methods. Take the UK for example.
Deposit Methods | Fees | Time | Currency |
SWIFT | 0% | Up to 5 days | EUR, GBP |
Crypto | 0% | Up to 8 hours | BTC, ETH, LTC, XRP, USDT, USDC |
Perfect Money | 1.99% | Instantly | USD, EUR |
Withdrawal M ethods | Fees | Time | Currency |
SWIFT | 1%, min.€50/£50 | Up to 5 business days | EUR, GBP |
SEPA | €25 | Up to 3 business days | EUR |
Debit/Credit Card | 2%, min.$5/€5 | Up to 7 business days | USD, EUR |
Crypto | 0% | 1 business day | BTC, ETH, LTC, XRP, USDT, USDC |
Perfect Money | 0.5% | 1 business day | USD, EUR |
xChief provides customer services to its clients, and it has unique contact options in the headquarter as well as representative offices.
Vanuatu Contact Info | |
Phone | +65 31593652 |
info@xchief.com | |
marketing@xchief.com | |
partnership@xchief.com | |
Support Ticket System | ✔ |
Online Chat | 24/7 |
Website Language | English |
Company Address | 1st Floor, CNM Building, Port Vila, Vanuatu |
Singapore Contact Info | |
Phone | +65 31593652 |
asia@xchief.com | |
Support Ticket System | ✔ |
Online Chat | 24/7 |
Website Language | English |
Company Address | 2 Venture Dr, #24-01 Vision Exchange, Singapore, 608526 |
Nigeria Contact Info | |
Contact Options | Details |
Phone | +234 9030795364 |
nigeria@xchief.com | |
Support Ticket System | ✔ |
Online Chat | 24/7 |
Website Language | English |
Company Address | Suite 319 Rock of Ages Mall Jabi, Abuja, Nigeria |
Is xChief regulated?
Yes, it is regulated by the MISA.
Does xChief offer demo accounts?
Yes.
What trading platforms does xChief have?
It supports MT4, MT5, and xChief APP.
What is the minimum deposit for xChief?
The minimum deposit is 0.
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 jfd and forexchief are, we first considered common fees for standard accounts. On jfd, the average spread for the EUR/USD currency pair is from 0 pip pips, while on forexchief the spread is From 0.
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.
jfd is regulated by CYSEC,BaFin,AMF,FCA,VFSC. forexchief is regulated by MISA,ASIC.
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.
jfd provides trading platform including MT4 and trading variety including Foreign exchange, precious metals, stocks, indices, bonds, commodities. forexchief provides trading platform including xPRIME,DirectFX,Classic+,CENT and trading variety including 150+ Forex, Metals, Commodities, Indexes, Stocks, Crypto.