JFD Brokers Account Types

JFD Brokers Account Types account types are divided into Personal Accounts and Corporate Accounts. With Personal Accounts, traders can choose between a standard Personal Trading Account or a Personal Managed Account.

JFD Brokers at a glance

Overall Rating

• 4.3/5

Read Review

OPEN AN ACCOUNT

Min Deposit

USD 500

Regulators

CySEC, BaFIN, VFSC

Trading Platform

MT4, MT5

Crypto

Yes

Total Pairs

60

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

Choose your quick section of our JFD Brokers Account Types below.

JFD Brokers  Account types – 11 key points quick overview:

1. JFD Brokers at a glance
2. JFD Brokers  Account types – 11 key points quick overview:
3. JFD Brokers Overview
4. JFD Brokers Account Types
5. JFD Brokers Account Features
6. JFD Brokers Demo Account
7. JFD Brokers Islamic Account
8. JFD Brokers Customer Reviews
9. JFD Brokers’ Pros and Cons
10. Conclusion
11. Frequently Asked Questions

Here is an overview of the JFD Brokers Account types as well as the treading features and benefits offered for each account.

JFD Brokers Overview

JFD Brokers is a Cyprus-based Forex broker that was founded in 2011 by professional traders to address the lack of transparency affecting trading.

The broker provides Direct Market Access, which is when all your trades are forwarded directly to the market.

As such, the broker acts as an intermediary (agency) between clients and Liquidity Providers (LPs). This is called STP and stands for Straight Through Processing.

As JFD Group Ltd is connected to LPs (Tier 1 Banks, Non-Bank LPs, and MTFs) through bridges and aggregators, you get the best price available for your trades.

Traders have access to over 1500 instruments across several popular asset classes, including Forex, cryptocurrencies, and precious metals, and trading is facilitated on the enhanced MetaTrader 4+ and MetaTrader 5+ platforms.

The broker has enhanced the most popular and established multilingual platform globally to include a unique package of benefits and useful add-ons, including more than 500 instruments from 8 asset classes.

The broker is highly regulated by both the Cypress Securities and Exchange Commission (CySEC) and BaFIN, and as such can offer its clients a secure trading environment.

JFD Brokers Account Types

The account types from JFD Brokers are divided into Personal Accounts and Corporate Accounts. With Personal Accounts, traders can choose between a standard Personal Trading Account or a Personal Managed Account.

With corporate accounts, traders can choose between a standard Corporate Trading Account or a Corporate Managed Account.

The broker does not offer an Islamic Account for Muslim Traders. The broker does offer a demo account for new traders to test out the trading features on the platform.

JFD Brokers Account Features

All the accounts from JFD Brokers will have the following features:

JFD Brokers Demo Account

JFD Brokers offers a free demo account that is funded with virtual currency, allowing traders to test out the features on the broker’s enhanced MetaTrader 4+ and MetaTrader 5+ platforms.

The demo account is available for 90 days, and can be opened with the following simple steps:

Navigate to the Account Opening page on the broker’s website.

Select the option to open a demo account from the dropdown sheet.

Complete the provided online registration form by giving your full name, contact details, email, and country of residence.

Select your preferred account currency. You can choose from USD, EUR, GBP, and CHF.

Select your preferred deposit amount. This will fund your account with virtual currency.

Read and accept the company’s terms and conditions.

Click “Register” to submit your application.

You will then receive an email with a download link to the broker’s trading platforms. After installing it, you can start testing JFD’s unique trading conditions right away.

JFD Brokers Islamic Account

Unfortunately, JFD Brokers does not offer an Islamic Account for traders of the Muslim faith. This is a drawback for such traders as these accounts fulfill a significant role, which is described in more detail below.

Also known as ‘no swap accounts’, Islamic trading accounts allow Muslims to engage in online forex trading in compliance with Sharia law.

With 25% of the world’s population practicing the Islamic faith, Islamic forex trading has continued to gain popularity worldwide.

An Islamic forex trading account charges no swap or rollover interest on positions held overnight in the forex market. An administration fee is, however, charged on some accounts to open positions.

Overall Rating

• 4.3/5

Read Review

OPEN AN ACCOUNT

Min Deposit

USD 500

Regulators

CySEC, BaFIN, VFSC

Trading Platform

MT4, MT5

Crypto

Yes

Total Pairs

60

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

JFD Brokers Customer Reviews

Very good broker in my view.

Withdraw is usually about 20 hours. When the amount is large (10k), it takes about 50 hours. The customer service is excellent. The spread is variable. No taxes for creating accounts, withdrawing, and sending money to them. They are not liars. Unfortunately, they do not provide a large range of instruments.

Very good service overall. I like the reports for the trades they provide and the webinars for the traders. Execution is fast and I sometimes have positive slippage. Not sure why they still offer only forex and CFD but not some instruments traded on real exchanges. Hopefully, JFD will offer Czech or other central European shares soon.

I am trading with JFD Brokers for already more than a year and I am completely satisfied with their services. I use JFD for trading the FX majors and index CFDs. Very good that they reduced commissions on those! I would like to see the swap rates lower plus more options to trade futures, not only as CFD. The customer support is fast and answers all my questions politely and with enough details. I have no complaints about execution. Spreads are stable but I hope they will be even lower.

JFD Broker’s Pros and Cons

Conclusion

JFD Brokers Account Types account types are divided into Personal Accounts and Corporate Accounts. With Personal Accounts, traders can choose between a standard Personal Trading Account or a Personal Managed Account.

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Frequently Asked Questions

Trading environment

How many instruments can I trade with JFD Brokers?

JFD Brokers 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.

Which platforms are supported by JFD Brokers?

MetaTrader 4+ and MetaTrader 5+.

Does JFD Brokers offer leverage?

Yes. JFD Brokers offers maximum leverage of 1:30, which is in line with regulations regarding leverage rations according to the broker’s regulators, CySEC and BaFIN.

What spreads can I expect with JFD Brokers?

For popular currency pairs such as USD/EUR, the broker charges an average spread of 0.7 pips. The highest spread is on GBP/CHF at 2.2 pips. Overall, these represent competitive spreads when compared to most other brokers in the industry.

Do JFD Brokers charge commissions?

Yes. The broker charges commissions depending on the instrument being traded. On Forex there is a commission of 0.03 USD, and 3.0 USD on precious metals. Other instruments, such as physical stocks, stock CFDs, and CFDs on cryptocurrencies can be traded commission-free.