JFD Brokers is an intermediary between clients and liquidity providers, offering their clients direct Market access and straight through processing. The website is available in English, German, French, Italian and Russian. JFD brokers say that their acronym stands for “Just, Fair and Direct” because they take commissions only, but don’t benefit from their clients’ losses. Their commissions seem to be around where the industry average is.
JFD Brokers offers its clients a single universal account type with STP/NDD execution, high leverage levels, tight variable spreads, and reasonable commission. Besides, micro lots are available for trade to investors who don’t want to put much at stake and trade in lerga volumes. swap free Islamic accounts are no longer offered by JFD Brokers.
The Company & Safety of Funds
JFD is based in Cyprus and operates under European regulations. They are regulated and licensed by CySEC in Cyprus, BaFin in Germany, the Financial Conduct Authority (FCA) in the United Kingdom, CONSOB in Italy, and the ACPR in France. The sheer number of regulatory licenses this broker holds is impressive, and it should be a good sign of the broker’s reliability.
Commissions & Spreads
Their spreads appear to be passed directly on from the cheapest liquidity provider without markup. They are very direct (as you’d expect!) with where they are making their money – it is on the commission that they charge. This varies on a product to product basis but appears to be industry average (£2.50 per full lot in Forex for instance). The commission obviously scales up and down depending on the size of your trades but is always reasonable and a low proportion of your trade.
Being a true STP broker, JFD Brokers offers variable spreads, the average ones for the EUR/USD pair amounting to around 0.2 pips, involving a commission of $6 per standard lot round trip. So basically, average trading costs per lot with this broker amount to around 0.8 pips, which is really competitive pricing, as we find most brokers offer spreads within the range of 1.0 – 1.5 pips for the EUR/USD pair.
The maximum leverage level offered by JFD Brokers is 1:400, which is common for the FX market.
JFD Brokers is primarily an MT4 platform, operating what they call MT4+. When you open an account with JFD you will download MT4 in the normal way, but they have included a number of proprietary add-ons – hence the ‘+’! These add-ons are way beyond a marketing gimmick – they truly add a lot of value. There is a market depth feature and a chart-trading feature, sentiment indicators and Excel connectivity, and lots more. Credit to JFD – they have put together a unique and powerful package for their traders.
JFD seem committed to offering the latest platforms and have added MT5+ to their clients. The ‘+’ in MT5+, similar to MT4+, represents the extra features that they have added on to the standard MT5 package.
They also offer Guidance, a (currently) German language only platform that is highly customizable and with social trading functionality.
Deposit & Withdrawal
In line with its strategy to offer standardized and narrow range trading conditions and to its clients, JFD Brokers supports a small range of payment methods: Credit/Debit cards, bank wire transfer, Sofort, Safecharge, and Skrill. Just to note, withdrawal is only available via skrill and safe charge.
JFD is a CFD broker founded by professional traders with the express purpose of providing transparent true DMA / STP trade processing. Their ‘agency only’ model means that you have zero conflict of interest with JFD and by using 20+ liquidity providers, including Tier 1 banks, they can ensure that you are getting a great price as well as fully anonymous trading. Their MT4+ platform goes beyond the functionality offered by a basic MT4 broker and adds another dimension to their offering. CFD Traders looking for a professional MT4 setup with true NDD broking will do well to consider JFD.