JFD Review 2019 – Great Broker To Start Trading With

Table of Contents

JFD is a multi-asset trading broker and this post is a detailed review about it. This review covers in detail JFD offered assets, trading platforms, fees, customer service and other important factors that each trader considers before choosing a trading broker.

In short, this trading broker offers more than 1500 various assets to trade that include Forex, Cryptocurrencies, Indices, Precious Metals, Physical Stocks and CFDs.

What is JFD?

JFD, founded in 2011, is a leading Group of Companies offering financial, brokerage and investment services and activities which includes:

1. JFD Group Ltd is authorized and regulated by the Cyprus Securities and Exchange Commission – CySEC (Licence number: 150/11). It offers brokerage services to almost all EU countries and Norway, Iceland, Belarus, China, Switzerland, Turkey, UAE and Ukraine.

2. JFD Overseas Ltd is authorized and regulated by the Vanuatu Financial Services Commission (License number 17933) and offers services to clients whose residence is in another third country.

3. JFD Bank AG is authorized and regulated by the Federal Financial Supervisory Authority (BaFin) and by the Deutsche Bundesbank under license number 120056.

Homepage of JFD
Homepage of JFD
Warning: JFD is a multi-asset platform that offers both investing in stocks and CFDs on cryptocurrencies, as well as trading CFD assets. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 83% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Review on available Assets to trade with JFD

JFD offers more than 1500 financial assets to trade that include Forex, Cryptocurrencies, Indices, Precious Metals, Physical Stocks and CFDs. While the list is long, some commodities (such as coffee, copper or cotton) and some precious metals (palladium, platinum) are unfortunately not available at JFD.

Assets to trade with JFD

JFD offers tight, but variable spreads and small commissions. However, the leverage is limited by regulations of CySEC to 1:30 with Forex 1:20 with CFDs. The maximum leverage on Cryptocurrencies is 1:2. However, the maximum leverage used in trading on any assets is limited only for Retail clientsWhile limited leverage can be seen as a limitation, mostly it helps traders by decreasing risk levels and loses.

JFD also allows trading micro-lots. In fact, the possibility to trade micro-lots is always advantageous because it allows trading with smaller capital. Micro lots are cheaper and are especially good for traders who want to learn trading or do not want to invest a lot at once.

Available Assets to trade with JFD
JFD offers more than 1500 different financial assets to trade

It is important to mention that JFD is STP/NDD type broker. It means that you can trade, for example, during economic announcements without any restrictions. A fully computerized system executes all transactions within milliseconds with very low latency (sub 5 ms). However, during economic announcements, spreads can slightly increase for a short period of time and this is normal.

Secondly, the STP/NDD type of broker means that traders get better prices that are competitive. Moreover, the STP/NDD type allows scalping, hedging and news trading.

It is very advantageous for swing traders, day traders and speculators because there is no time limit between trades execution. In conclusion, trading conditions that JFD offers are advantageous for any trader.

Visit the JFD homepage for more information.

Facts at a glance

Review of Trading Platforms at JFD

JFD offers both MetaTrader 4 (MT4, mostly used platform by Forex traders) and MetaTrader 5 (MT5, which also allows you to trade physical stocks subject to the laws of your Country). Moreover, both platforms are also available on web-browser, on iOS (MT4 and MT5) and Android (MT4 and MT5). It allows you to keep your eye on your trades anywhere you go.


MetaTrader platforms (either 4 or 5) are the most popular among traders because they contain many professional charting tools. In fact, you can download and add custom technical indicators, customizable trading robots and even export the data from the platform if needed.

In addition, these both platforms allow set stop-loss and take-profit limits visually and also supports 1-click trading. For me personally, the possibility to set stop-loss and take-profit levels visually decrease both risk and loses. Moreover, trades can be executed very fast.

JFD broker review - Interface of MT5 platform offered by JFD
MT4 and MT5 has the same, easily customizable interface. The example shows the Dow Jones chart. Various trading indicators are below the chart. Everything is fully customizable. You can download your own custom indicators and easily install them.

Guidants (for experienced)

Moreover, JFD also offers browser-based platform “Guidants” which allows you to monitor various markets simultaneously and has many other sophisticated tools for experienced traders. As a result, this platform is one of the most popular market research tools in Germany.

JFD broker Guidants Platform screenshot
Guidants platform has extensive tools and is highly customisable. It is perfect for professionals​

Stereotrader (for scalpers)

Stereotrader enhances your MT5 platform with a new layout and provides access to more tools and information. It is especially good for scalping.

Unfortunately, Stereotrader is not free and you have to pay EUR 29.90 per month.

You can see how it works in this video.

Review of fees at JFD

JFD charges small trading fees. The trading of Indices costs only EUR 0.02 per smallest unit which is very cheap. However, the spreads vary and can increase, especially during economic announcements. For example, EUR/USD spread is mostly around 3-4 pips.

For instance, you can buy one smallest Forex pair unit for less than EUR 50. If you would open and close the trade on the same trading day, your total commission of the trade would be only around EUR 0.06.

Meanwhile, CFDs on stocks can be quite expensive, especially when small price stocks are traded. In conclusion, trading fees are always highly dependent on the asset type you trade.

JFD does not charge any processing fees for withdrawals (some brokers do). Like most brokers, JFD also has an inactivity fee of EUR 20 if you have no trading or funding activity in your account within 90 days.

Also, there is a small currency conversion fee of 1% if you wish to withdraw money in other currencies than your trading account is.

Review of Customer Service of JFD

I personally used the customer service of JFD. They answered my email and solved my problem within 6 minutes while next time it took 1 hour. Shortly – perfect customer service.

Moreover, JFD supports a wide range of languages including English, German, French, Spanish, Portuguese, Bulgarian and Italian.

Payment Methods, Withdrawals and Account Opening

At JFD minimum deposit required to start trading is EUR 500 (it can be other currency). Also, you can have your account in any of these currencies: USD/GBP/EUR/CHF. After the first trade, the size of your account does not matter anymore.

While the minimum deposit of EUR 500 might look quite high compared with other brokers it is advantageous at the same time. It is important to understand that most of the tradable assets at JFD are CFDs on various assets and they come with leverage.

While trading, small movements in the market can make big movements in your account balance. The bigger first deposit allows you to withstand bigger movements in the market without closing your losing trades and thus makes trading safer.

The money to your trade account can be deposited and withdrawn with various credit cards and many different e-wallets. All payment methods can be found here.

Facts at a glance

Officially Regulated Broker

JFD Group of Companies includes companies that are registered among the relevant public authorities and regulators. JFD Group Ltd is licensed by Cyprus Securities and Exchange Commission (CySEC) which means that special rules apply for investment companies.

Above mentioned rules ensure customer safety by regulating how investment companies should manage their funds.

Firstly, JFD Group keeps customer money in separate accounts from the company operating money. Secondly, even if JFD Group would go bankrupt, CySEC guarantees that you would get back up to EUR 20 000, subject to specific provisions applying to you. Thirdly, retail clients are protected from the negative balance which protects customers from losing more than they deposited into their trading account.

Moreover, JFD has many awards and achievements. Many years in a row it was nominated as one of the best Forex and CFD brokers

JFD Recent Awards and Achievements
Recent awards and achievements of JFD​

Above all, JFD is compliant with MiFID II and is registered amongst many EU financial authorities to provide freely its services. (ie. Germany Federal Supervisory Authority (BaFin), the British Financial Conduct Authority (FCA), CONSOB in Italy and the French Autorité de Contrôle Prudentiel et de Résolution (ACPR).

All of these regulatory institutions ensure the safest trading with JFD.

Beginner Friendly Broker

To trade, you need an account. JFD allows and also suggests starting with a FREE demo account. The demo account allows you to trade real-time with virtual money. You can set any amount of virtual money while registering the demo account. Also, there is no limit on how many demo accounts you can have.

Demo accounts help to get familiar with stock market movements and get experience with trading software. Moreover, you can test various trading strategies, custom indicators or trading algorithms.

JFD releases new Webinars and Live Streams almost every day. Everyone can improve their trading skills from Webinars. Moreover, in Live Streams, you can hear suggestions for market movements. Furthermore, JFD offers extensive research with its fundamental and technical market analysis.

Screenshot of JFD blog. JFD offers extensive fundamental and technical market analysis
Screenshot of JFD blog. JFD offers extensive fundamental and technical market analysis

I personally highly recommend the demo account of JFD even if you are not planning to trade real money. Demo account at JFD uses either MT4 or MT5 platform. In my opinion, these two platforms are the best for both beginners and experienced traders because of many reasons.

For example, these platforms allow adjusting trades directly on the screen by moving the line up or down instead of typing numbers in the table that must be calculated beforehand. It saves a lot of time and makes trading simpler.


JFD is a multi-award, professional Forex, CFD and physical stocks broker. It offers many trading products. The broker is well regulated, licensed and is safe to use.

Moreover, tight spreads and small trading fees make this broker a great choice for both beginners and experienced traders. Furthermore, JFD offers the most widely used MT4 and MT5 platforms that make trading simple and fast.

Written by R. Mitkus
Warning: JFD is a multi-asset platform that offers both investing in stocks and CFDs on cryptocurrencies, as well as trading CFD assets. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 83% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Share with friends

Share on facebook
Share on linkedin
Share on whatsapp
Share on twitter
Share on email
Share on telegram

Recent Posts

Do you like what you read? Share this post with your friends!

Share on facebook
Share on linkedin
Share on whatsapp
Share on twitter
Share on email
Share on telegram

Subscribe and get notified about newest content