JFD Bank vs Spectre.ai

JFD Bank vs Spectre.ai Comparison Table 2023
JFD Bank Spectre.ai
2.3
3.3
United States Flag Traders from US not accepted
United States Flag Traders from US not accepted

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.

Spectre.ai is a blockchain-based binary options trading platform with high payouts and no minimum deposit.

Comment by Reviewer
"JFD Bank will suit traders familiar with the MetaTrader platforms looking to speculate on a wide range of instruments, especially stocks."
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
  • Multiple payment methods
  • Low minimum deposit
  • Demo account
Cons
  • Customer support is not available on the weekend
  • $500 minimum deposit is high for beginners
  • Wide spreads on some forex pairs
  • Weak regulatory oversight
  • No MT4 integration
  • No copy trading
Awards
  • 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
Instruments
Forex, CFDs, indices, shares, commodities, cryptocurrencies, ETFs Shares, Reverse Futures, Crypto, Forex, Commodities, Binary options, EPIC, CFD
Demo Account
Yes Yes
Minimum Deposit
$500 $0
Payment Methods
Minimum Trade
0.01 lots $1
Regulator
CySEC, VFSC, BaFin  St. Vincent and the Grenadines
Margin Trading
No Yes
MetaTrader 4
Yes No
MetaTrader 5
Yes No
cTrader
No No
AlgoTrader
No No
OmniTrader
No No
TradingView
No No
Autochartist
No No
eSignal
No No
Trading Central
No No
STP Account
No No
ECN Account
No No
DMA Account
Yes No
MAM Account
No No
PAMM Account
No No
LAMM Account
No No
Demat Account
No No
AI / Machine Learning
No No
Robo Advisor
No No
Negative Balance Protection
No No
Market Maker
No No
P2P Trading
No No
Spot Trading
No No
Mobile Apps
Yes Yes
Auto Trading
Yes Yes - through APIs
Copy Trading
Yes No
Copy Trading Platform
JFD Bank offers mirror trading to retail investors with multiple providers and strategies to copy.
Social Trading
Yes No
Trade Signals
Yes
VPS Hosting
No No
Tournaments
No Yes
Demo Competitions
No No
Ethical Investing
No No
Custodial Account
No No
Guaranteed Stop Loss
No No
Inactivity Fee
0
Islamic Account
No Yes
Account Currencies
  • USD
  • EUR
  • GBP
  • CHF
  • USD
  • EUR
  • GBP
Stock Exchanges
Commodities
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. Zero Leverage Digital CFDs have a daily fee of approx. 1 pip
Leverage
1:400 1:40
FTSE Spread
6.0 N/A
GBPUSD Spread
3.5  0.9
Oil Spread
Floating N/A
Stocks Spread
Variable Variable
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. Forex trading is available on major, minor and exotic currency pairs
GBPUSD Spread
3.5 0.90
EURUSD Spread
1.8 0.58
EURGBP Spread
1.3 0.90
Assets
66 20
Cryptocurrency
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. Trade some of the most well-known cryptos, including Bitcoin, Ethereum, and Litecoin
Spread
Floating Variable
Coins
  • BTC
  • LTC
  • ETH
  • XRP
  • BTC
  • LTC
  • ETH
  • DSH
  • BCH
  • LINK
  • UNI
  • AAVE
  • TERRA
  • MKR
  • AVAX
  • SNX
  • COMP
  • SUSHI
  • CAKE
  • FTM
  • YFI
  • UMA
  • RUNE
  • REN
  • ZRX
  • BNT
Crypto Lending
No No
Crypto Mining
No No
Crypto Staking
No No
Auto Market Maker
No No
Binary Options
Binary options trading not offered Spectre.ai offers binary options trading on multiple markets with a $0 starting deposit and payouts up to 400%.
Payout
400%
Expiry Times
1 second - 1 day
Ladder Options
No No
Boundary Options
No No
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