JFD Bank Review

JFD Bank Logo

JFD Bank is an online trading broker that was founded in 2011 to address the lack of transparency in the brokerage industry, so they built their business around the core values of fairness, trust, and transparency. They provide traders with access to trade over 1,500 financial instruments across different markets, including forex, commodities, cryptocurrency, stocks, indices, metals, energies, bonds, ETFs, ETNs, and CFDs.

JFD Bank Review - Award Winning Broker
JFD Bank Review – Award Winning Broker

JFD Bank has bagged several brokerage industry awards for their excellence in trading and investment. They include the Best Forex Broker, the Best FX and CFD Research House Eastern Europe, and many more.

JFD Bank Review Introduction

In this JFD Bank review, we will take a look at some of the most important factors worth considering when choosing a forex broker for your online trading needs. This includes trading platforms, trading tools, research and education, account funding options, customer support and broker regulation.

You may also wish to view my best forex brokers based on countless hours that I have spent researching and testing hundreds of brokers, all of which you can see in my forex broker reviews. You can also use my free trading tool to compare forex brokers including JFD Bank.

JFD Bank Platforms & Tools

JFD Bank Review - Trading Platforms
JFD Bank Review – Trading Platforms

JFD Bank provides traders with flexible and powerful trading platforms. Clients can opt to trade on the popular MetaTrader 4 and MetaTrader 5 trading platforms. The MetaTrader 4 is an electronic trading platform developed by the Russian software company, MetaQuotes and is widely considered one of the most user-friendly trading platform. Hence, it is suitable for beginner traders but also has advanced trading tools to satisfy the more experienced traders. JFD Bank has improved on the basic MT4 platform by adding more than 500 instruments from 8 asset classes and an exclusive package of MT4+ add-ons.

JFD Bank Review - MT4+ Add-Ons
JFD Bank Review – MT4+ Add-Ons

The MT4 platform is available as a desktop application for Windows and Mac computers, as well as a WebTrader that runs directly on most modern web browsers without the need to download or install any additional software. There is also the MT4+ Mobile App, which enables traders to access their accounts from anywhere at any time. Its unique features include access to multiple markets, trade on charts, multiple order types, real-time prices, and account overview.

JFD Bank Review - MT5+ Add-Ons
JFD Bank Review – MT5+ Add-Ons

The MT5 was developed to succeed the MT4 platform; it maintains most of the same features of the MT4 with some additional functionality and extended capabilities. It offers users direct access to more than 1,000 instruments from 8 asset classes, sourced from over 20 liquidity providers. There is a unique add-ons package that features a variety of useful trading tools that are designed to further improve clients’ trading. The MT5 platform is available for desktop (Windows and Mac), web, and mobile app (MT5+) for iOS and Android devices.

JFD Bank Review - Guidants Platform
JFD Bank Review – Guidants Platform

The broker also has the Guidants Trading Platform, a browser-based platform that provides an interactive and social way to trade within an intuitive interface, as well as the JFD Multi Account Manager, which allocates trades from any number of Master accounts to any number of sub-accounts in real time. Clients benefit from additional trading tools, including JFD Mirror Trading, VPS, and more.

JFD Bank Research & Education

JFD Bank has a selection of educational materials to help you analyze the markets and increase your trading knowledge. These include market news & analysis, webinars, and a trading glossary that covers a range of commonly used trading terms with definitions.

JFD Bank Review - Market News & Analysis
JFD Bank Review – Market News & Analysis

JFD Bank Trading Accounts

The broker offers one trading account type for all clients. The minimum account balance is $500, and leverage of up to 1:400 is available. The account has access to all platforms and trading instruments, with direct market access (DMA).

JFD Bank Review - Liquidity Providers (LPs)
JFD Bank Review – Liquidity Providers (LPs)

JFD Bank Account Funding

JFD Bank accepts the following payment methods: bank wire, credit/debit cards, and online payment systems, such as Neteller and Skrill. The payment methods have varying transaction fees, limits, and processing time.

JFD Bank Customer Service

The broker offers multilingual customer support that is available 24/5 via telephone, email, and online live chat.

JFD Bank Regulation

’JFD Bank’ is a brand name and registered trademark operated by the JFD Group of companies, which includes:

  • JFD Group Ltd — which is authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC) with license number 150/11. It operates in accordance with the Markets in Financial Instruments Directive (MiFID II).
  • JFD Overseas Ltd — which is regulated and authorized by the Vanuatu Financial Services Commission (VFSC) with license number 17933.
  • JFD Bank AG — which is authorized and regulated by the Federal Supervisory Authority (BaFIN) and by the Deutsche Bundesbank with license number 120056.

JFD Bank Review Summary

JFD Bank is an established and multi-regulated broker that offers 0ver 1,500 trading instruments across multiple asset classes. They have a good selection of flexible trading platforms and useful trading tools.

It is worth mentioning that some of the trading products and services in this JFD Bank review may differ or not be available to traders in some countries due to regulations. As brokers terms can change over time, please verify all information is up to date directly from the JFD Bank broker website which you can visit by using the link below.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. A large percentage 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.

JFD Bank

7.2

Spreads

7.0/10

Liquidity

7.0/10

Commissions

7.0/10

Support

7.0/10

Regulation

8.0/10

Features

  • Useful trading tools: MAM, Mirror Trading, and more
  • Powerful trading platforms
  • Over 1500 trading instruments
  • A good selection of educational materials