JFD Brokers Fees Spreads 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.
JFD Brokers at a glance
| 🔎 Broker's Name | JFD Brokers |
| 🏛️ Headquarters | Limassol, Cyprus |
| 📅 Year Founded | 2011 |
| ⚖️ Regulating Authorities | CySEC, BaFIN |
| 🌐 Countries not accepted for trade | United States |
| ☪️ Islamic account (swap-free) | No |
| 📒 Demo Account | Yes |
| ✴️ Institutional Accounts | Yes |
| 👨🏼💼 Managed Accounts | Yes |
| ⬆️ Maximum Leverage | 1:30 |
| 💰 Minimum Deposit | $500/R7 350 |
| 💳 Deposit Options | Bank wire transfer SafeCharge Skrill Neteller SOFORT |
| 💳 Withdrawal Options | Bank wire transfer SafeCharge Skrill Neteller SOFORT |
| 📊 Platform Types | MetaTrader 4+, MetaTrader 5+ |
| 📶 OS Compatibility | Windows, Mobile, Web, iPhone, iPad PC and Mac OS, mobile for Android and IOS |
| 📈 Tradable assets offered | Forex, metals, stock, ETFs, cryptocurrencies |
| 💬 Languages supported on Website | Multilingual |
| 💬 Customer Support Languages | Multilingual |
| ⏲️ Customer Service Hours | 24/5 |
| 🚀 Open an Account | 👉 Open 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 Fees Spreads and Commission below.
JFD Brokers Fees and spreads – 9 key points quick overview:
JFD Brokers at a glance- JFD Brokers Fees and spreads – 9 key points quick overview:
- JFD Brokers Fees and Spreads
- JFD Brokers Additional Trading Fees
- JFD Brokers Broker Fees
- JFD Brokers Customer Reviews
- JFD Broker’s Pros and Cons
- Conclusion
- Frequently Asked Questions
Here is our overview of the JFD Brokers Fees Spreads and Commission as well as the features that are offered, which could affect your trading.
JFD Brokers Fees and Spreads
Traders with JFD Brokers can expect the following spread list:
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.
The broker also 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.
JFD Brokers Additional Trading Fees
When an account has been deemed inactive a monthly inactivity fee of 20 EUR/USD/GBP/CHF (depending on the base currency of the client account) will be charged to each inactive trading account.
Inactivity is considered where there is no trading activity (trading or funding) in the account, for a period of three consecutive months.
If internal transfers, deposits, dividend payments, or similar funding actions are performed on your trading account in a currency other than your account’s base currency, the Company shall charge your trading account a currency conversion fee of 1% on the exchange rate applicable at that time.
The broker does not charge deposit fees or withdrawal fees, but your selected payment provider may charge a fee that is beyond the broker’s control.
The broker also charges swap fees, also referred to as overnight fees.
A swap or rollover fee is the net interest return on a currency position held overnight by a trader. That is, when trading currencies, an investor borrows one currency to buy another. The interest paid, or earned, for holding the position overnight is called the rollover rate.
The broker does not offer an Islamic, or swap-free Account to traders of the Muslim faith. This is a drawback for such traders, for whom the interest accrued on swap charges is prohibited by Sharia law.
JFD Brokers Broker Fees
Traders should also be sure to check with the client support or account manager on any additional broker fees which may be waived by their financial institution.
As already noted, traders may be subjected to currency conversion fees should they transfer fees in a currency that is different from their account base currency.
As JFD Brokers is not a spread betting broker, spread betting fees will not apply.
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 Pros and Cons
| ✔️ Pros | ❌ Cons |
| Competitive spreads | Additional fees, like inactivity fees |
| No deposit fees | No swap-free account available |
| No withdrawal fees | High minimum deposit |
| Tight spreads | |
Conclusion
JFD Brokers Fees Spreads 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.
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Frequently Asked Questions
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.
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.
Does JFD Brokers charge commission?
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.
Are JFD Brokers regulated?
Yes. JFD Brokers is regulated by the Cypress Securities and Exchange Commission (CySEC), and BaFIN in Germany.
Is JFD Brokers a recommended forex trading broker for experts and beginners?
No. JFD Brokers is better suited for advanced traders due to the higher minimum deposit requirement.
What is the overall rating out of 10 for JFD Brokers?
8/10.
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