Review of the online broker JFD Bank

Read this article to find out more about JFD Bank, which stands out for its wide multi-asset offer, technology and regulation by renowned financial market regulators.

JFD Bank is one of the most popular online brokers. The platform provides various services related to trading and investment, but is also well-known in the asset management sector. This multi-broker bank also stands out for its large range of assets, including more than 1500 financial instruments divided into 8 asset classes. 

The platform is currently very popular, as it offers fee-free trading for physical stocks, ETFs and cryptocurrencies. Secure and regulated, JFD Bank also promises the best technological tools to its clients, who can take advantage of top-notch training. 

This broker has a track record of awards and recognition. It holds the title of the best foreign exchange broker and the best OTC brokerage company in Western Europe.

JFD Bank and security

JFD Bank was founded in 2011 by professional traders to provide their peers with better transparency in the market. The latter also guarantees the security and confidentiality of transactions, thanks to its compliance with strict regulations. In addition, the group is subject to the controls of several international organizations. 

JFD Bank is a registered trademark operated by the JFD Group of companies. This includes the JFD Group Ltd which is regulated and licensed by CySEC. The Cyprus Securities and Exchange Commission is registered under license number 150/11. 

CySEC is currently the leading financial markets regulator in Europe. JFD Group Ltd operates in full compliance with the new Markets in Financial Instruments Directive or MIFID II in :

  • portfolio management  
  • consulting 
  • execution of investments

The group also includes JFD Overseas Ltd which is regulated by the Vanuatu Financial Services Commission (VFSC). The latter is known under license number 17933. This company is licensed to carry out portfolio management, order execution, securities trading and investment advisory activities. 

The group also includes JFD Bank AG, which is regulated by the German central bank. This regulation is shared with the BaFin or Federal Financial Supervisory Authority. The latter is currently the federal institution responsible for financial regulation in Germany.

To provide maximum security for its clients' funds, JFD Bank stores them in high-level bank accounts. It should be noted that these accounts are completely separate from the company's assets. This helps to avoid losses. In addition, the company is also registered with the ICF (Investor Compensation Fund). This means that its customers are covered, or more precisely, compensated, in the event of the company's bankruptcy.

JFD Bank customers' accounts also benefit from additional security. This is achieved by protecting against negative balances and limiting leverage. In addition, the company is regularly audited in legal and financial terms. These audits are carried out by internal teams and external experts, who also carry out special investigations to determine any compliance solutions that need to be put in place.

JFD Bank makes it a point to protect its customers' funds. Their compliance with regulations and additional measures have earned them many positive reviews.

Financial instruments offered by JFD Bank

At JFD Bank, investors have a wide choice of traditional and more unusual assets and more than 1500 financial instruments. This broker mainly allows the direct acquisition of physical shares and financial securities, via real securities accounts. 

This company also offers access to Forex with several currency pairs, ETFs and special metals. On the other hand, the company allows you to invest in a wide range of financial instruments that are offered in the form of CFDs.

JFD Bank: 600 physical stocks

Nearly 600 real stocks are available for investment at JFD Bank. In particular, it is possible to choose from companies listed on the European stock markets, such as Euronext. Traders can also invest in North American stock exchanges, such as NYSE Arca. The companies selected by the broker are mainly large and mid-cap companies.

Numerous stock index ETFs and ETNs at JFD Bank

Investors have a wide choice of financial indices at JFD Bank. In particular, it is possible to invest in the CAC 40, which includes the 40 largest French companies. The broker also allows investors to buy Lyxor ETF Euro Corporate Bond indices. It should be noted that the latter is composed of bonds of 125 large European companies. The NASDAQ, the S&P 500 and the Stoxx 600 are also included. In total, this broker offers 21 ETFs and 4 ETNs.

JFD Bank: a reliable Forex broker

For traders looking for a safe environment to invest in Forex, this broker offers the major currency pairs. On its list are the famous EUR/USD, USD/JPY, USD/CHF, EUR/GBP and GBP/USD. JFD Bank also offers many minor and more exotic pairs to diversify the portfolio. In total, 66 currency pairs and precious metals are available at this broker.

CFDs at JFD Bank

All financial instruments are available in the form of CFDs at this broker. You can invest with leverage on indices, stocks, commodities and crypto-currencies. JFD Bank offers 14 index CFDs, over 400 stock CFDs, 7 commodity CFDs and 5 crypto CFDs.

Types of accounts at JFD Bank

At JFD Bank, traders enjoy ease of use. The broker offers one account type for both retail and professional clients. This means that the conditions and contracts are the same for all customers. 

To open an account with JFD Bank, a minimum deposit of €500 is required. With this single account, the user has access to all available platforms and financial instruments. 

As with many trading platforms, you can also use free demo accounts. This will allow you to have fictitious funds to learn how to invest in the real markets, without the risk of losing your money.

JFD Bank : a multi-platform broker

The platforms offered by JFD Bank are known for their flexibility, performance and reliability. In particular, this broker offers the MetaTrader MT4 and MT5 versions that are available for Android, iOS, PC and MAC. The company also allows the use of the web version Guidants which includes many specialized modules and tools.

JFD Bank and MetaTrader 4 (MT4) 

Developed by the Russian company MetaQuotes, this platform supports Forex, precious metals, indices, CFDs, ETFs and ETNs. JFD Bank offers an enhanced version with MT4 +. It includes 8 classes of 500 additional instruments and new modules. 

On the other hand, the company also offers MT4 WebTrader which is compatible with the latest web browsers and requires no download. For better accessibility, traders can also install the MT4 + application on their mobiles.

MetaTrader5 (MT5) on JFD Bank

Following on from MT4, MT5 incorporates additional features. This platform provides direct access to over 1000 assets from 8 classes, including physical stocks and CFDs. JFD Bank also offers an enhanced version of MT5 +. It offers advanced charting tools and Expert Advisors, as well as a set of trading modules. 

MT5 + is also available in a WebTrader version. Users can trade directly from web browsers without the need for downloads. In addition, MT5 + is also available as an application for cell phones and android/iOS tablets.

JFD Bank and the Guidants platform

Popular in Germany, Guidants is a trading platform that emphasizes interactivity and social trading. This interface makes for an intuitive use. Moreover, it is a platform that can be easily customized, thanks to an extensive library of free widgets. This platform is also equipped with powerful charting tools. Its strong point is that it works through a browser that avoids having to download and install software.

JFD Bank Transactions: fees and commissions

At JFD Bank, stock transactions are free. There are no fees or commissions for these transactions. For CFDs, Forex and precious metals, the broker charges a small commission that starts at €5.50. The swapp charge is applied per day, except for CFDs.

When you open an account with JFD Bank, you have to take into account fees related to inactivity. You will be charged €20 for any transaction or deposit inactivity for a continuous period of 3 months. However, this fee is not applied to accounts lacking sufficient funds. But also those who have not yet received their first deposit.