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JFD Bank review and ratings

Established 2011
Location Germany Cyprus Vanuatu
Regulation BaFin, CySEC, VFSC
Offices Munich, Ludwigsburg, Limassol, Port Vila, Varna
Broker type STP | DMA
Leverage up to 1:400 (1:30 for EU clients)
Deposit from 500 USD
Spreads mid  mid
Platforms Web MetaTrader 4 MetaTrader 5 Specific
Instruments Currencies Crypto Indices Metals Energies Softs Stocks Bonds ETFs
Funding methods Wire Transfer Credit Cards Skrill Sofort SafeCharge

Company information

JFD group includes 3 related companies.

JFD Bank DE - located in Germany, regulated by the Bundesanstalt fur Financial Services (BaFin).
JFD CY - located in Cyprus, regulated by the Cyprus Securities and Exchange Commission (CySEC).
JFD VU - located in the Republic of Vanuatu, regulated by the Vanuatu Financial Services Commission (VFSC).

Be aware, DE and CY companies have some trading restrictions because of the European Securities and Markets Authority (ESMA) influence.

Availability

JFD group accepts clients from all over the world, excluding USA, Russia and some jurisdictions where restrictions apply.

Distinctive features

Trading instruments

Forex broker offers the following underlying assets for trading.

60+ Currency Pairs Based on major and minor world currencies.
5 Crypto Pairs Based on Bitcoin, Bitcoin Cash, Ethereum, Litecoin, Ripple.
15 Indice CFDs Based on baskets of different blue-chip stocks.
2 Metal CFDs Based on Gold and Silver.
2 Energy CFDs Based on Crude Oil (WTI, Brent).
3 Soft CFDs Based on Cocoa, Cotton, Sugar.
2 Bond CFDs Based on US and German government securities.
400+ Stock CFDs Based on shares of US, UK and EU companies.
600+ Physical Stocks Based on shares of US and EU companies.
10+ ETF CFDs Based on exchange-traded funds containing various tradable assets.

Comprehensive review

JFD Bank is a forex & CFD broker based out of Germany, Cyprus, and the offshore jurisdiction of Vanuatu. The broker is also fully regulated in all of these three countries by the relevant government agencies.

Traders based in Europe should take note that they will be assigned to the Cyprus or Germany-based branch of the broker, which is overseen by the European Securities and Markets Authority (ESMA) in addition to the national regulators in those countries. As a result, the strict EU rules which limits trading leverage to a maximum of 1:30 comes into play.

The trading instruments offered by JFD Bank includes an unusually large selection of both physical stocks and stock CFDs of major American and European companies, in addition to several popular exchange traded funds (ETFs) that can be traded as CFDs.

As most investors are already aware, it is better to purchase physical stocks than CFDs when making long-term investments. Many traders don’t realize that the leverage with CFDs comes with a cost that actually eats away on the profits over the long-term. For shorter-term trading, however, leveraged CFDs are ideal since they give traders the opportunity to make meaningful profits even with a small amount of capital.

In addition to stocks, the broker also provides access to more than 60 forex pairs, and CFDs based on all of the underlying assets that one would expect to find from any broker. This includes a selection of popular cryptocurrencies, stock indices, precious metals, energy commodities, agricultural commodities, as well as US and German government bonds.

When it comes to account types, JFD is a bit different from many other brokers in that it only offers one type of trading account to all of its clients. This means that the fee structure, including spreads and commissions charged by the broker, is more transparent and easier to grasp for everyone.

JFD charges commissions on all CFD and forex trading, but spreads are generally quite tight. For trading in physical stocks, however, no commissions are charged. For more details, a break-down of all trading costs can be found on the “Account specification” page of the broker’s website.

The minimum deposit to open an account and start trading with JFD is 500 of whatever currency the account is denominated in (USD/GBP/EUR/CHF). Accounts can be funded with either bank wire transfer or the online money transfer services Sofort, Skrill, Neteller, and SafeCharge.

In terms of trading platforms, JFD is one of only a few brokers world-wide offering the German-made trading platform known as Guidants. This is a well-designed and intuitive trading platform made for the retail market, available both in a web-based and desktop-based versions. Guidants is perhaps particularly strong when it comes to its fundamental analysis features, which includes a number of widgets that provides an overview of short positions in the market, important economic data releases, and many other things.

For traders who still prefer more familiar trading platforms, however, JFD also offers trading on both the MetaTrader 4 & 5 (MT4/MT5).

JFD Bank’s customer service is available via a Germany-registered phone number 24 hours a day on all trading days. In addition to the German helpline, the broker also has local phone numbers set up in a range of other European countries, although there is no physical office in any countries other than Cyprus, Germany, and Spain.

All in all, we are of the opinion that JFD Bank is a solid choice in particular for traders who would like access to physical stock trading. We also like the broker’s Guidants trading platform, and believe many traders will enjoy trying out this platform. As a fully regulated European broker, we are also confident that JFD Bank can be trusted to abide by its obligations to all clients.

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