JFD Bank experiences
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Forex CFD broker JFD Bank
JFD Bank and JFD Brokers have been around since 2011. The head office of JFD Group Ltd. is based in Cyprus, which is regulated by CySEC. Of the JFD Bank focuses on forex and CFD trading. Since the takeover of the investment bank ACON Actienbank by JFD Bank, physical shares can also be traded. You can trade more than 600 stocks from Germany and America commission-free with the Metatrader 5 platform.
A key feature of JFD is that JFD Bank is not a market maker, but behind it is an agency model. This is STP Brokerage, without markups with a liquidity pool from over 20 providers. This agency model avoids conflicts of interest since the courses are passed on directly to the customer. Only commission fees are then added the spread. You can trade 1500 instruments from 9 markets and more than 60 currency pairs.
The selection of available trading platforms is relatively extensive (Metatrader 4+, Metatrader 5+, Guidants), as well as Prime and IT solutions, with up to 3,000 instruments available. All platforms can be downloaded as a desktop version, used as a web platform or use the app for Android or iOS. For the Metatrader 4 there is also the Multi Account manager extension that allows you to manage multiple accounts.
The maximum leverage is 1:30. A significantly higher leverage is possible for professional traders. Holding CFD positions overnight will incur financing fees. Hedging is allowed at JFD Bank.
The minimum requirement to open an account is 500 euros/dollars. The account opening works in the same way as most brokers. You register with your address data, which still requires verification of identity and address by uploading ID and an invoice. If the account is then active, you only have to do the first Make a deposit and you can trade.
You can also test a demo account. Demo mode is possible with Metatrader 4 and Metatrader 5. A simple registration is sufficient to open a demo account.
For German speakers Customers have support that is available daily from 8:00 a.m. to 10:00 p.m. by phone, email or live chat. In addition, webinars take place and on the website you can find news, Analysis and a trading glossary.
JFD Bank advantages
- free demo account
- over 600 shares
- commission-free stock trading
- over 60 currency pairse
- multiple regulation
- over 1,500 instruments from 9 markets
- Metatrader 4+, Metatrader 5+, Guidants
- Prime and IT solutions with over 3,000 instruments
- spreads fromb 0,0 Pips
- max. leverage 1:30
- no market maker, agency model, STP brokerage
More than 1,500 instruments from 9 markets can be traded with the Metatrader 4+, Metatrader 5+ and the Guidants platform. With the available Prime and IT solutions there are over 3,000 instruments. The maximum leverage is 1:30. Higher leverage is possible for professional traders. Physical shares can be traded with the Metatrader 5.
Here is an overview of the markets:
- index CFDs | max. leverage: 1:20
- shares CFDs | max. leverage: 1:5
- crypto CFDs
- raw materials CFDs | max. leverage: 1:20
- precious metals CFDs | max. leverage: 1:20
- ETFs, ETNs CFDs
- bonds CFDs
- Forex | max. leverage: 1:30
- physical shares
Deposits and withdrawals
There are several options for depositing funds into the account, such as bank transfer, credit cards or e-wallets. You pay by bank transfer or an e-wallet no fees apply. With immediate transfer, the fee is 1.80 percent and 0.25 euros transaction fees.
Withdrawals can be made via bank transfer, credit card, Skrill or Neteller. With a credit card, the transaction fee is 2 euros. At Neteller there is a percentage fee of 2%, with a max fee of 30$, with Skrill it is 1%, with a max fee of 10 euros. Payments can be made in different currencies carried out: EUR, USD, GBP, CHF.
Here is an overview of the possible payment options:
Regulation and security
JFD Bank attaches great importance to security and the protection of privacy. The head office in Limassol, Cyprus is regulated by CySEC with license number: 150/11.
Further regulation is carried out by the CNMV (License No. 136/2020) and by the VFSC (License No. 17933). Client funds and company funds must be kept separate. An automated one Risk management system ensures that the account balance cannot go into the red. These regulations alone ensure that JFD Bank is a reputable broker.
If there is no trading for more than 3 months, an inactivity fee of 20 euros per month will be charged.
No obligation to make additional payments
There is no obligation to make additional payments at JFD Bank either. This has not been permitted since 2017 due to BaFin.
JFD Bank experiences and reviews
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