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)

General Information & Regulation

In 2005, Across FX Co., Ltd. was established and registered as a financial futures trader in November and joined the Financial Futures Association, and in August 2007, started dealing in “Zero FX” and in September 2007, registered as a financial instruments business operator, and moved its headquarters from Minato-ku, Shiba to Akasaka. In 2008, the name of the company was changed to JFX Co, Ltd. In 2010, JFX started to handle foreign exchange margin trading “MATRIX TRADER,” and in May of the same year, JFX started to provide an iPhone version of the application. 2011, the number of digits displayed in the JFX exchange rate was increased, and in November of the same year, the immediate withdrawal service was started. In 2014, JFX started processing binary options trades, and in July of the same year, the iPhone version of the application became available. JFX is currently regulated by the Financial Services Agency of Japan (Regulation No. 1010001123038).

Market Instruments

JFX offers investors access to the most popular currency pairs in the foreign exchange market, such as EURJPY, EURAUD, USDCAD, EURGBP, and more. Besides, information on other trading assets is not known at this time.

Minimum Deposit

JFX requires no minimum deposit for opening an account, therefore, traders can fund their account any amount to start trading.

Spreads & Commissions

The spreads are 0.4 pips for EURJPY, 1.5 pips for CADJPY, 1.6 pips for CHFJPY, 0.8 pips for EURGBP, 1.5 pips for USDCHF, 1.4 pips for EURAUD, 1.4 pips for GBP/AUD, and 1.8 pips for USDCAD.

Leverage

The maximum leverage available at JFX is up to 1:25 according to the Japanese Laws.

Trading Platforms

JFX offers traders the most popular MT4 trading platform on the market. MT4 trading platform is the gold standard in the forex trading industry with powerful charting tools, as well as a large number of technical indicators, support for automated trading, and EA's. Additionally, there is the MATRIX TRADER trading platform available for traders to use.

Deposit and Withdrawal

For traders to deposit and withdraw funds, JFX offers four different methods, namely Quick Deposit, Bank Transfer, Real-time Withdrawal, and Standard Withdrawal. Quick Deposit is an online deposit service for those clients who have an internet banking contract with a JFX affiliated financial institution. Bank Transfer means that investors can transfer funds directly from a bank counter, ATM, or internet banking to an account designated by JFX.

Customer Support

Clients with any inquries or trading-related issues, they can go to the FAQ section to look for some answers, and if they need staff service, they can get in touch with JFX through the following contact channels:

Telephone: 03-5541-6410

Email: kujyo@jfx.co.jp

Pros & Cons of JFX