About the company:
The JFD Group was established in 2011 by experienced traders who wanted to address the market’s lack of transparency. The award-winning firm has offices in Germany (Ludwigsburg), Spain (Madrid), Bulgaria, and Vanuatu, and is headquartered in Cyprus. CySEC, VFSC, and BaFin all regulate JFD Group Ltd. It is also a participant in a number of German stock markets.
The broker adds a lot of value to the well-known MT4 platform. They’ve included more than 500 instruments from eight different assets. Clients may connect to over 20 liquidity providers using their DMA/STP agency architecture, known as the JFD Pure Agency model. A unique add-on package is indicated by the “+” symbol.
MT5 now offers a DMA/STP Pure Agency brokerage model in addition to the normal capabilities. After a trade, clients can also obtain execution reports. The Exclusive Add-ons for MT5+ are a minor upgrade to the MT4+ package.
Mobile applications for MT4+ and MT5+ are available for Android and iOS. They include desktop functionality like DMA/STP execution, as well as more sophisticated features. They also have full access to proprietary JFD add-ons, allowing you to execute sophisticated trading orders, access the market, and maintain complete control over your account from anywhere and at any time.
Guidance is a renowned German-based CFD and FX trading platform. It has a user-friendly and interactive interface. Clients have access to over 1000 instruments and the ability to develop their own technical and fundamental strategies. Users may choose from a variety of free widgets, including JFD Depot, heat maps, price alerts, and an integrated economic calendar.
- 400 stocks to trade.
- Indices: 15 indices
- 5 Cryptocurrencies are currently available.
- There are 66 major, minor, and exotic currency pairs in Forex.
- Commodities: Brent Crude Oil and WTI Crude Oil Trading
- Metals: 4 metals, i.e., gold and silver.
- ETFs: 21 ETFs and 4 ETNs
Spreads and commissions
The firm offers various spreads and costs ranging from low to nil depending on order size and asset.GBPUSD spreads are typically 3.5, whereas EURUSD spreads are typically 1.8. The FTSE spreads are usually 6 pips and 3.5 pips on the US Dow, which are not as low as other brokers.
Forex and metals commissions are $3 per lot on each side. However, gold and silver commissions vary by contract. Physical equities and cryptocurrencies have zero commission CFD trading, whereas other CFDs have varying costs. High-volume traders might also benefit from lower commissions.
Leverage of up to 1:400 is available to professional clients. Retail traders, on the other hand, can only use leverage between 1:2 and 1:30 according to ESMA’s leverage ratios. This is normal practice for EU-regulated brokers in order to reduce the extent of losses.
Deposits and withdrawals
By logging into My JFD, members may safely deposit and withdraw money. Without incurring any costs, money can be moved from one JFD account to another. On business days, all deposits are credited to genuine accounts within 24 hours.
- Credit or debit cards: no fees through SEPA transfer. International transfers are subject to different fees depending on the country of origin.
- SafeCharge charges 1.95%, 2.95%, and a transaction fee of €0.29.
- Skrill charges a 2.90% fee plus a transaction fee of €0.29.
- SOFORT-1.8% fee + EUR 0.25 transaction fee.
Withdrawals are normally credited between 2 and 7 business days, depending on the country of your bank. Withdrawing money comes with a separate commission and processing time.
Working with a single retail account is simple using JFD. Participants can trade around 2,500 items across eight assets, depending on the platform they choose. Users must show confirmation of identity and complete a trading knowledge and experience questionnaire in order to create a live account. The required minimum deposit is $500.
Users may sign up for a free trial account and get the same JFD experience as actual users. Simply register on the broker’s website and submit your information. A free demo account is beneficial for beginners or experienced traders who wish to test methods without risking any money.
The latest market news and analysis.Expert analysts post free articles every day, as well as unique subscription content.
Webinars, live broadcasts, and seminars are all options. Users get access to webinars, live events, and seminars that are held on a regular basis. Sessions are provided in a variety of languages and can be attended for free or for a fee. The JFD Events Calendar lists forthcoming sessions.
YouTube: JFD is the broker’s YouTube channel. On the channel, you may view webinars and other educational films.