JFD Bank Review 2023

2.3 / 5
JFD Bank is #109 in our CFD broker rankings.

JFD Bank will suit traders familiar with the MetaTrader platforms looking to speculate on a wide range of instruments, especially stocks.

- Daytrading Review Team

JFD Bank is a one-stop multi-asset broker that offers trading on 1500+ instruments from 8 asset classes using the popular MetaTrader 4 and MetaTrader 5 and lesser-known Guidants trading platforms. With more than 60 forex pairs and 400 shares as well as indices, ETFs, commodities and cryptocurrencies, this broker provides the flexibility to build a diverse portfolio.


Demo Account

Copy Trading

Award Winning
MT4, MT5
Forex, CFDs, indices, shares, commodities, cryptocurrencies, ETFs
Credit Card, Neteller, Visa, Mastercard, Skrill
and 2 more
Forex Trading

66 forex pairs are available including majors, minors and exotics. Spreads are variable and relatively wide at 3.5 for GBP/USD and 1.8 for EUR/USD when tested, and leverage for retail traders is limited by regulatory restrictions to 1:30.

Stock Trading

JFD Bank traders can use the platform for zero-fee trading on 600 physical stocks, as well as the 400+ stock CFDs on offer. The selection of stocks outstrips many rivals.

CFD Trading

CFD trading on stocks, indices, commodities, ETFs and crypto, with leverage up to 1:30 for retail traders or 1:400 for professionals. Zero-fee CFDs are available on stocks and crypto, and spreads are floating.

Crypto Trading

JFD Bank offers CFDs on a narrow selection cryptocurrency pairs: BTC/USD, BCH/USD, ETH/USD and LTC/USD. Spreads are variable and clients can trade cryptos 24/7.

Copy Trading

JFD Bank offers mirror trading to retail investors with multiple providers and strategies to copy.


  • Fastest Growing Forex Broker Europe 2020 - Global Banking & Finance Review
  • Best OTC Brokerage Western Europe 2020 - International Business Magazine
  • Fastest Growing Financial service company Western Europe 2020 - International Business Magazine

✓ Pros

  • Powerful MetaTrader software will meet the needs of experienced traders
  • Excellent range of products with 1500+ assets
  • Regulated by the CySEC in Europe
  • Free demo account for new users
  • Commission-free stock trading
  • Award-winning broker

✗ Cons

  • Customer support is not available on the weekend
  • $500 minimum deposit is high for beginners
  • Wide spreads on some forex pairs

JFD Bank is an established online broker that is multi-regulated. The broker offers a DMA/STP model and trading in 1,500+ instruments over 8 asset classes. This review covers JFD’s unique MT4+ and MT5+ platforms, spreads, commissions, and login process. Find out whether you should open an account.

JFD Bank Details

The JFD Group was founded in 2011 by professional traders looking to address the lack of transparency in the market. The award-winning company is headquartered in Cyprus, with office branches in (Ludwigsburg) Germany, (Madrid) Spain, Bulgaria and Vanuatu. JFD Group Ltd is regulated under the CySEC, VFSC and BaFin. It is also a member of numerous stock exchanges in Germany. The broker offers over 1500+ instruments across three platforms to institutional and retail clients.

Trading Platforms

JFD offers three trading platforms; MetaTrader 4+, MetaTrader 5+ and third-party platform, Guidants.

MetaTrader 4+

JFD offers superior platform additions to the well known MT4 experience. They’ve added more than 500 instruments from 8 assets. Clients can access their DMA/STP agency model called JFD’s Pure Agency model, which has the ability to connect to 20+ liquidity providers. The ‘+’ indicates exclusive package of add-ons.

Add-ons include:

MT4+ is available on Windows, web, iOS and Android.

JFD Bank MetaTrader 4
JFD Bank MetaTrader 4 platform

MetaTrader 5+

On top of the standard features offered by MT5, the platform offers the broker’s DMA/STP Pure Agency Model. Clients can also request post-trade execution reports. MT5+’s exclusive JFD add-ons are a slight upgrade to the package offered by MT4+:

MT5+ is available on Windows, web, iOS and Android.

JFD Bank MetaTrader 5
JFD Bank MetaTrader 5 platform


Guidants is a popular CFD and FX trading platform hosted in Germany. It offers an interactive and intuitive interface. Clients can trade over 1,000 instruments and can create their own technical and fundamental approach. Uses also get access to an extensive choice of free widgets like the JFD Depot, as well as heat maps, price alerts, and an integrated economic calendar.

JFD Bank Guidants platform
JFD Bank Guidants platform

Guidants is only available in German and can be downloaded on web browser, iOS and Android.


Trade in 1500+ markets:

Spreads & Commission

JFD Bank offers variable spreads and low to zero commission fees depending on order size and asset. Typical spreads on GBPUSD are 3.5 and 1.8 on EURUSD. FTSE spreads are typically 6 pips and 3.5 on US Dow Jones, which aren’t as competitive as other brokers.

Commissions on forex and metals are $3 per lot per side but gold and silver vary depending on contract specifications. Zero-fee CFD trading is available on physical stocks and cryptocurrencies, while commissions on other CFDs vary. Reduced commissions are also available for high volume traders.

If forex positions are held during a rollover, swap fees may be charged.


Professional clients are provided with leverage up to 1:400. However, due to leverage ratios set by ESMA, retail traders can only access leverage between 1:2 to 1:30. This is to minimise the size of losses and is standard among EU-regulated brokers.

Mobile Apps

MT4+ and MT5+ are available as Android and iOS mobile apps. They come complete with desktop functionalities such as DMA/STP execution and more advanced features. Moreover, they have full access to exclusive JFD add-ons so you can execute complex trading orders, access market depth and have full control of your account wherever you are and at any time.

JFD Bank mobile app
JFD Bank mobile trading

MT4+ and MT5+ mobile apps are available to download on the App Store and Google Play.

Deposits & Withdrawals

Members can deposit and withdraw funds securely by logging into My JFD. Here, funds can be transferred from one JFD account to another without any charges. All deposits are credited into live accounts within 24 hours on business days.

Depending on the country of your bank, withdrawals are usually credited within 2-7 working days. Withdrawals come with varying fees and processing times:

Demo Account

Users can open a free demo trading account while receiving the same JFD experience offered with live realtime accounts. Simply sign up and input your details on the broker’s website. A free demo account is useful for new or professional traders who want to test strategies without risking cash.

JFD Bank Bonuses

There are no official bonuses offered by JFD Bank, which is due to regulatory rules. While there are other no deposit bonuses and promo codes offered on other unofficial websites, users must be aware of the terms and conditions before claiming.


JFD Group Ltd is authorised and regulated by CySEC under license no. 150/11. With this regulation, the broker is authorised and regulated to conduct portfolio management, investment advice and execution activities. JFD Overseas Ltd is authorised and regulated by VFSC (Licence no. 17933). The company is authorised and regulated to conduct dealing in securities, portfolio management, investment advice and order execution. JFD Bank AG is licensed and regulated by BaFin (Licence no. 120056) and is licensed to provide investment and banking services.

The company is registered in multiple countries across Western Europe including the UK, France, Ireland, Greece and Spain. JFD Bank AG is also a capital markets partner in the Frankfurt, Munich, Düsseldorf and Vienna stock exchanges. Therefore, clients should feel assured that the broker is not a scam.

Additional Features

Trading Accounts

JFD keeps things simple with one retail account. Depending on the platform chosen, members can trade up to 1500+ instruments across 8 assets. To open a live account, users needs to provide ID verification and complete a questionnaire on trading knowledge and experience. The minimum deposit required is $500.

Trading Hours

Each market is subject to specific trading hours. Opening hours on forex, indices and commodities markets are open 24/5. ETFs and cryptocurrencies are available 24/7. JFD provides a table for specific trading times based on each country, which can be viewed on their website under Contract Specifications.

Customer Support

Customer support can be contacted 24 hours, 5 days a week. Users can contact them via telephone on +49 (0) 69175374271, email via support@jfdbank.com or live chat.

Phone and live chat support hours are Sunday 23:00 CET to Friday 23:00 CET. JFD also provides a list of worldwide helplines and offers a multilingual customer service.

JFD Group Ltd is headquartered in Cyprus at:

Kakos Premier Tower
Kyrillou Loukareos 70
4156 Limassol, Cyprus

The broker also has subsidiaries in Germany and Vanuatu and branches in Madrid, Spain and Bulgaria.


Client funds are fully segregated and kept in licensed financial institutions. Furthermore, JFD abides by international regulatory standards. The company is also a member of the Investor Compensation Fund (ICF), which guarantees the safety of funds. Despite Wirecard’s insolvency in 2020, JFD acted swiftly to make sure client funds were not affected.

The group offers negative balance protection and ensures a lower leverage set-up, which is designed to reduce the risk of depleting accounts. Comprehensive audits are also conducted by internal and external auditors. With the vast client protection measures and good company practices in place, we are confident that JFD is a safe and secure broker.

JFD Bank Verdict

This review was impressed with JFD Bank’s trader-centric approach with a focus on fair and direct investing. On top of that, it’s an established and multi-regulated broker with processes to protect client funds. It also offers a large range of trading instruments with advanced platforms. The only major downsides are the high spreads on leading forex pairs and indices, plus the $500 minimum deposit requirement. Despite this, we are comfortable recommending JFD Bank.

Accepted Countries

JFD Bank accepts traders from Australia, Thailand, Canada, United Kingdom, South Africa, Singapore, Hong Kong, India, France, Germany, Norway, Sweden, Italy, Denmark, United Arab Emirates, Saudi Arabia, Kuwait, Luxembourg, Qatar and most other countries.

Traders can not use JFD Bank from United States, Russian Federation.

Payment Methods

JFD Bank Details

Minimum Trade 0.01 Lots
Regulated By CySEC, VFSC, BaFin 
Account Types
  • DMA
Islamic Account No
Mobile Apps Yes
Margin Trading No
Volatility Index No
Spot Trading No
Perpetual Swaps No
AI / Machine Learning No
Robo Advisor No
P2P Trading No
Negative Balance Protection No
VPS Hosting No
Tournaments No
Demo Competitions No
Managed Accounts No
Market Maker No
Auto Trading Yes
Social Trading Yes
Trade Signals Yes
Guaranteed Stop Loss No
  • Gold
  • Silver

CFD Trading Details

FTSE Spread 6.0
GBPUSD Spread 3.5 
Oil Spread Floating
Stocks Spread Variable
Leverage 1:400

Forex Trading Details

GBPUSD Spread 3.5
EURUSD Spread 1.8
EURGBP Spread 1.3
Assets 66

Cryptocurrency Trading Details

Crypto Spread Floating
Crypto Lending No
Crypto Staking No
Crypto Mining No
Crypto Auto Market Maker No
Crypto Coins
  • BTC
  • ETH
  • LTC
  • XRP

Top 3 Alternatives to JFD Bank

Compare JFD Bank with the top 3 similar brokers that accept traders from your location.

  1. IG Group – IG is an award-winning broker that has an excellent reputation globally. The brand-US offers spread betting, CFD and forex trading across a comprehensive suite of markets. IG is also multi-regulated, provides a great trading app and has 50 years experience.
    Go to IG Group
  2. Just2Trade – Just2Trade is a reliable multi-regulated broker registered with FINRA, NFA and CySEC. The company has 155,000 clients from 130 countries and stands out for its huge suite of instruments and additional features, including a social network, robo advisors and a funded trader programme.
    Go to Just2Trade
  3. World Forex – World Forex is an offshore broker registered in St Vincent and the Grenadines, offering commission-free trading with a $1 minimum deposit and 1:1000 leverage. Digital contracts are also available, offering beginners a straightforward way to speculate on popular financial markets.
    Go to World Forex

JFD Bank Comparison Table

Compare JFD Bank With Similar Brokers
JFD Bank IG Group Just2Trade World Forex
Rating 2.3 4.4 3.5 4
Markets Forex, CFDs, indices, shares, commodities, cryptocurrencies, ETFs CFDs, Forex, Stocks, Indices, Commodities, ETFs, Futures, Options, Crypto, Spread Betting Stocks, ADRs, ETFs, Futures, Options, Commodities, Bonds Forex, CFD Stocks, Metals, Energies, Cryptos, Digital Contracts
Demo Account Yes Yes Yes Yes
Minimum Deposit $500 $0 $100 $1
Minimum Trade 0.01 Lots 0.01 Lots 0.01 Lots 0.01 Lots
Regulators CySEC, VFSC, BaFin  FCA, ASIC, NFA, CFTC, DFSA, BaFin, MAS, FSCA CySEC, NFA, FINRA, Bank of Russia SVGFSA
Bonus Up to $2,000 for professional accounts 100% Deposit Bonus
Education No Yes No No
Platforms MT4, MT5 MT4, AutoChartist, TradingCentral MT4, MT5, TradingCentral MT4, MT5
Leverage 1:400 1:30 (Retail), 1:250 (Pro) 1:20 1:1000
Payment Methods 7 6 20 10
Visit Visit Visit Visit
Review IG Group
World Forex

Compare Trading Instruments

Compare the markets and instruments offered by JFD Bank and its competitors. Please note, some markets may only be available via CFDs or other derivatives.

Compare JFD Bank Trading Instruments
JFD Bank IG Group Just2Trade World Forex
CFD Yes Yes Yes Yes
Forex Yes Yes Yes Yes
Stocks Yes Yes Yes Yes
Commodities Yes Yes Yes Yes
Oil No Yes Yes Yes
Gold Yes Yes Yes Yes
Copper No Yes No No
Silver Yes Yes Yes Yes
Corn No No No No
Crypto Yes Yes Yes Yes
Futures No Yes Yes No
Options No Yes Yes No
ETFs No Yes Yes No
Bonds No Yes Yes No
Warrants No Yes No No
Spreadbetting No Yes No No
Volatility Index No Yes No No

JFD Bank vs Other Brokers

Compare JFD Bank with any other broker by selecting the other broker below.


Customer Reviews

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JFD Bank is a one-stop multi-asset broker that offers trading on 1500+ instruments from 8 asset classes using the popular MetaTrader 4 and MetaTrader 5 and lesser-known Guidants trading platforms. With more than 60 forex pairs and 400 shares as well as indices, ETFs, commodities and cryptocurrencies, this broker provides the flexibility to build a diverse portfolio.


Is JFD Bank Regulated?

Yes. The broker is multi-regulated under CySEC (license no.150/11 ), VFSC (license no.17933 ), and BaFin (license no.120056). As a result, we’re not worried that JFD is a scam.

Does JFD Bank offer a demo account?

Yes, JFD Bank offers a free demo account. Simply sign up and start practicing trading strategies via the broker’s suite of trading platforms.

How much capital do I need to trade with JFD Bank?

A minimum deposit of $500 is required to open an account. This is relatively high compared to many online trading brokers.

Is JFD Bank a good broker?

JFD Bank is a good all-round broker, offering a wide range of instruments on powerful platforms. However, this broker’s spreads on leading instruments are not the most competitive.

Is JFD Bank a trustworthy broker? 

We believe that JFD Bank is a trustworthy broker with positive reviews. On top of being regulated by several trusted bodies and keeping funds separate, it conducts regular audits and provides annual financial reports.