CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. 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

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Home » Reviews » JFD Bank

JFD Bank Review

JFD Bank is a broker of forex trading services. They provide traders with access to a wide range of products across many markets, including currencies, indexes, stocks, and exchange-traded funds (ETFs). They provide a variety of energy, metals, and agricultural commodities to traders.

Pros

  • Established in 2011
  • Segregates client funds
  • Regulated by CySEC
  • Min. deposit from $500

Cons

A minimum deposit of $500 is required to create a live account. Alternatively, JFD Bank provides a demo account that you may use to experiment and become acquainted with their platform.

CySEC (Licence: 150/11) regulates the company. JFD Bank keeps every customer funds in a separate bank account and works with tier-1 institutions to do so. JFD Bank was founded in 2011 and has its headquarters in Cyprus.

While we’re in the specifics of JFD Bank’s spreads, fees, platforms, and trading tools, you might also want to open their website in a new tab by clicking the button below to get the most up-to-date information.

Visit JFD BANK

Full disclosure: If you join up with a broker through one of our links, we may get a commission.

What are the spreads and fees at JFD Bank?

JFD Bank, like most brokers, charges a fee based on the spread, which is the difference between the purchase and sell price of an asset.

The commissions and spreads shown here are based on the JFD Bank website’s minimal spreads.

ForexJFD BankCity IndexXTB
EUR/USD(Average: 0.7 pips)0.1 pips0.7 pips0.1 pips
GBP/USD(Average: 1.1 pips)0.7 pips1.7 pips0.1 pips
USD/JPY(Average: 1.1 pips)0.5 pips0.6 pips0.1 pips
AUD/USD(Average: 0.8 pips)0.6 pips0.6 pips0.2 pips
USD/CHF(Average: 2.3 pips)0.8 pips2.3 pips0.2 pips
USD/CAD(Average: 2.9 pips)0.6 pips0.5 pips0.3 pips
NZD/USD(Average: 3.6 pips)0.7 pips2.8 pips0.3 pips
EUR/GBP(Average: 2.4 pips)0.6 pips0.5 pips0.1 pips

Spreads are dynamic and are just for informative purposes.

As you’ll see, JFD Bank’s minimum spread for trading EUR/USD is 0.10 pips, which is relatively low when compared to the average EUR/USD spread of 0.70 pips. The table below compares the cost of trading one lot of EUR/USD with JFD Bank to similar firms.

SEE ALL SPREADS

How much does JFD Bank charge for a lot of EUR/USD trading?

If you bought one standard lot of EUR/USD (100,000 units) with JFD Bank at 1.1719 and then sold it the next day at the same value, you would most likely pay $5.28. Here is a general analysis of the fees and how they compare to IG and XTB.

JFD BankIGXTB
Spread from:$ 1.00$ 6.00$ 2.00
Commission:$ 6.00$ 0.00$ 0.00
Total cost of a 100k trade:$ 7.00$ 6.00$ 2.00
$1 less$5 less
VISIT JFD BankVISIT IGVISIT XTB

All fees/prices are for informational purposes and are subject to change.

What markets can you trade with JFD Bank?

JFD Bank provides over various trading products, including over currency pairings. We’ve listed all of the numerous types of instruments offered by JFD Bank below, along with IG and XTB’s instruments for comparison.

FX / CurrenciesJFD BankIGXTB
# of forex pairs offered649048
Major forex pairsYesYesYes
Minor forex pairsYesYesYes
Exotic forex pairsYesYesYes
Cryptocurrencies*YesYesYes
Commodity CFDsJFD BankIGXTB
# of commodities offered73421
MetalsYesYesYes
EnergiesYesYesYes
AgriculturalYesYesYes
Index & Stock CFDsJFD BankIGXTB
# of stocks offered400+80001606
UK sharesYesYesYes
US sharesYesYesYes
German sharesYesYesYes
Japanese sharesYesYesYes
SEE JFD Bank’S INSTRUMENTSSEE IG’S INSTRUMENTSSEE XTB’S INSTRUMENTS

Visit JFD Bank

What is the trading experience like at JFD Bank?

1) Platforms and apps

JFD Bank  is among the few brokers that provides both the MetaTrader 4 and MetaTrader 5 platforms. To discover how the two systems differ, check out our MT4 versus MT5 comparison. They also have their own GUIDANTS platform.

They now provide mobile apps for Android and iOS, making it easy to monitor and make transactions while on the go.

SEE JFD Bank’s PLATFORMS

Still unsure?

Open a practise account and begin learning to trade.

2) Executing Trades

JFD Bank trading platform allows as little as 0.01 Lot. This may differ based on the type of account you open. You can conduct a maximum of 1,000 Lot trades. Because they provide ECN and STP execution, you can anticipate very tight spreads and increased accountability in the price you pay to execute your trades.

JFD Bank, as a market maker, may have lower entrance criteria than an ECN broker, which benefits from a higher number of transactions and usually has higher capital and minimum trading requirements. Market makers generally have a lower minimum deposit, lower minimum trade requirements, and no trading commission.

Margin requirements vary based on the trader, account, and instrument. The most recent margin requirements may be seen on their website.

Finally, we’ve included a list of some of the most popular funding options available to JFD Bank traders below.

Trading Features:

  • Allows hedging
  • Offers STP
  • Allows scalping

Accounts offered:

  • Standard account
  • ECN account
  • Managed account
  • Demo account

Funding methods:

  • Credit cards
  • Bank Transfer

3) Client support

JFD Bank offers support in a number of languages, including English, German, Russian, French, and Czech.

4) What you’ll need to open an account with JFD Bank

Because JFD Bank is regulated by CySEC every new customer should pass a few simple regulatory checks to ensure that you know the implications of trading and that you are permitted to trade. When you register an account, you will most likely be asked for the following information, so keep it handy:

  • A utility bill or bank statement from the past three months showing your address
  • A scanned colour copy of your passport, driving license or national ID

You’ll also have to complete a few basic compliance inquiries to prove your trading expertise, so allow at least 10 minutes to finish the account opening procedure.

While you may be able to access their website immediately, it is essential to note that you will not be able to execute any trades until you pass compliance, which might take several days depending on your situation.

To begin the process of creating an account with JFD Bank, go to their website.

JFD Bank

Open a demo account

79% of retail investor accounts lose money when trading CFDs with this provider.

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