JFD Review

Review

JFD is based in Cyprus and operates under European regulations.  They are regulated and licensed by CySEC in Cyprus, BaFin in Germany, the Financial Conduct Authority (FCA) in the United Kingdom, CONSOB in Italy, and the ACPR in France.  The sheer number of regulatory licenses this broker holds is impressive, and it should be a good sign of the broker’s reliability. 

JFD Brokers is an intermediary between clients and liquidity providers, offering their clients direct Market access and straight through processing.  The website is available in English, German, French, Italian and Russian. JFD brokers says that their acronym stands for “Just, Fair and Direct” because they take commissions only, but don’t benefit from their clients’ losses. Their commissions seem to be around where the industry average is.

This brokerage has a very extensive list of products.  JFD Brokers’ clients can trade physical stocks, Forex, metals and many CFDs.  The list of CFDs includes indices, stocks, cryptocurrency, commodities, bonds, ETFs and ETNs. 

Transparency is an important part of the picture for this firm.  JFD Brokers offers their clients a post-trade execution report so the client can see exactly what went on.  They are one of the only we’ve reviewed that offers this interesting and useful service. 

Trading with JFD Brokers takes place primarily on the MetaTrader 4 platform with several proprietary add-ons, and they call that MetaTrader 4+.  They also offer what they call MetaTrader 5+ and another platform called Guidants which is a German language platform that is customizable and has a social trading aspect. 

JFD Brokers’s customer service is one of the advantages to this brokerage firm.  They offer the usual phone, email and live chat and they have 9 offices worldwide.  They seem eager to please their customers (then again, what broker doesn’t?). 

Clients of JFD Brokers can open a Personal Account, Corporate Account or Demo Account. The minimum required to open an account is 500 USD/GBP/EUR/CHF.  This is a standard minimum deposit amount, though it’s on the higher side of standard. They do charge a monthly inactivity fee after three consecutive months with no activity on the account which is a bit unusual.

Overall, this brokerage looks solid for anyone looking for an STP Forex broker. Learn more about STP brokers here, to determine if this is the right type of broker for you.

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