68% of the retail investor accounts lose money when trading CFDs with JFD Brokers

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JFD Wealth Review

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JFD Wealth is a forex trading services broker. They give traders access to a wide variety of instruments in several markets like currencies, indices, shares and etfs. For commodity traders, they offer a range of energies, metals and agriculturals.

Pros

  • Segregates client funds
  • Established in 2011
  • Regulated by Financial Conduct Authority, CySEC
  • Min. deposit from $500

Cons

To open a live account, you’ll need a minimum deposit of at least $500. Alternatively, JFD Wealth offers a demo account that you can use to practice and familiarise yourself with their platform.

Regulated by the Financial Conduct Authority, UK (FRN: 580193), and CySEC (Licence: 150/11). JFD Wealth puts all client funds in a segregated bank account and uses tier-1 banks for this. JFD Wealth has been established since 2011, and have a head office in .

Before we dive into some of the more detailed aspects of JFD Wealth ’s spreads, fees, platforms and trading features, you may want to open JFD Wealth ’s website in a new tab by clicking the button below in order to see the latest information directly from JFD Wealth.

Visit JFD Wealth

Full disclosure: We may receive a commission if you sign up with a broker using one of our links.

JFD Wealth screenshot Open a demo account

68% of the retail investor accounts lose money when trading CFDs with JFD Brokers

What are JFD Wealth's spreads & fees?

Like most brokers, JFD Wealth takes a fee from the spread, which is the difference between the buy and sell price of an instrument.

The spreads displayed below are based on the minimum spreads listed on JFD Wealth’s website. The colour bars show how competitive JFD Wealth' spreads are in comparison to other popular brokers featured on BrokerNotes.

JFD Wealth
EUR/USD (Average: 0.7 pips) Not offered 0.7 pips 0.1 pips
GBP/USD (Average: 1.1 pips) Not offered 1.7 pips 0.1 pips
USD/JPY (Average: 1.1 pips) Not offered 0.6 pips 0.1 pips
AUD/USD (Average: 0.8 pips) Not offered 0.6 pips 0.2 pips
USD/CHF (Average: 2.3 pips) Not offered 2.3 pips 0.2 pips
USD/CAD (Average: 2.9 pips) Not offered 0.5 pips 0.3 pips
NZD/USD (Average: 3.6 pips) Not offered 2.8 pips 0.3 pips
EUR/GBP (Average: 2.4 pips) Not offered 0.5 pips 0.1 pips

Spreads are dynamic and are for informational purposes only.

As you can see, JFD Wealth’s minimum spread for trading EUR/USD is pips - which is relatively low compared to average EUR/USD spread of 0.70 pips. Below is a breakdown of how much it would cost you to trade one lot of EUR/USD with JFD Wealth vs. similar brokers.

See all Spreads

How much does JFD Wealth charge to trade 1 lot of EUR/USD?

If you were to buy one standard lot of EUR/USD (100k units) with JFD Wealth at an exchange rate of 1.1719 and then sell it the next day at the same price you would likely pay $0. Here’s a rough breakdown of the fees and how this compares against XTB & AvaTrade .

JFD Wealth XTB AvaTrade
Spread from: $ 0.00 $ 2.00 $ 7.00
Commission: $0.00 $0.00 $0.00
Total cost of a 100k trade: $ 0.00 $ 2.00 $ 7.00
$2 more $7 more
Visit JFD Wealth Visit XTB Visit AvaTrade

All fees/prices are for informational purposes and are subject to change.

General Fees

  • JFD Wealth doesn’t charge inactivity fees*
  • JFD Wealth withdrawal fees varies on payment method

Commissions

  • JFD Wealth does charge commission on CFD shares

What can you trade with JFD Wealth?

JFD Wealth offers over different instruments to trade, including over currency pairs. We’ve summarised all of the different types of instruments offered by JFD Wealth below, along with the instruments offered by XTB and AvaTrade for comparison.

FX / Currencies JFD Wealth XTB AvaTrade
# of forex pairs offered 48 59
Major forex pairs Yes Yes Yes
Minor forex pairs Yes Yes
Exotic forex pairs Yes Yes
Cryptocurrencies No Yes Yes
Commodity CFDs JFD Wealth XTB AvaTrade
# of commodities offered 21 16
Metals Yes Yes Yes
Energies Yes Yes Yes
Agricultural Yes Yes Yes
Index & Stock CFDs JFD Wealth XTB AvaTrade
# of Stocks offered 1606 99
UK Shares Yes Yes Yes
US Shares Yes Yes Yes
German Shares Yes Yes Yes
Japanese Shares Yes Yes Yes
See JFD Wealth's InstrumentsSee XTB's InstrumentsSee AvaTrade's Instruments

What’s the JFD Wealth trading experience like?

1) Platforms and apps

JFD Wealth offers the popular MT4 forex trading platform. To see a list of the top MT4 brokers, see our comparison of MT4 brokers. JFD Wealth also offer their custom GUIDANTS platform.

JFD Wealth Screenshot

JFD Wealth also offer mobile apps for Android and iOS, making it easier to keep an eye on and execute your trades while you are on the move.

See JFD Wealth 's platforms

Trading Features:

  • Allows scalping
  • Allows hedging
  • Offers STP

Accounts offered:

  • Demo account
  • Standard account
  • ECN account
  • Managed account

Still not sure?

Open a practice account & learn to trade

2) Executing Trades

JFD Wealth allows you to execute a minimum trade of 0.01 Lot. This may vary depending on the account you open. JFD Wealth allows you to execute a maximum trade of 1,000 Lot. As JFD Wealth offer ECN and STP execution, you can expect very tight spreads with more transparency over the price you’re paying to execute your trades.

As a market maker, JFD Wealth may have lower entry requirements compared to an ECN broker who benefits from a higher volume of trades and typically has larger capital and minimum trade requirements. Market makers typically have a lower minimum deposit, smaller minimum trade requirements and no commission on trades.

As with most brokers, margin requirements do vary depending on the trader, accounts and instruments. You can see the latest margin requirements on their website.

Finally, we’ve listed some of the popular funding methods that JFD Wealth offers its traders on the right.

Funding methods:

  • Credit cards
  • Bank Transfer

3) Client support

JFD Wealth support a wide range of languages including English, German, Russian, French, and Czech.

JFD Wealth has a BrokerNotes triple AAA support rating because they offer a wide range of languages and support options.

4) What you’ll need to open an account with JFD Wealth

As JFD Wealth is regulated by Financial Conduct Authority, CySEC , every new client must pass a few basic compliance checks to ensure that you understand the risks of trading and are allowed to trade. When you open an account, you’ll likely be asked for the following, so it’s good to have these handy:

  • A scanned colour copy of your passport, driving license or national ID
  • A utility bill or bank statement from the past three months showing your address

You’ll also need to answer a few basic compliance questions to confirm how much trading experience you have, so it’s best to put aside at least 10 minutes or so to complete the account opening process.

While you might be able to explore JFD Wealth’s platform straight away, it’s important to note that you won’t be able to make any trades until you pass compliance, which can take up to several days, depending on your situation.

To start the process of opening an account with JFD Wealth you can visit their website here.

CFDs are leveraged products and can result in the loss of your capital. All trading involves risk. Only risk capital you’re prepared to lose. Past performance does not guarantee future results.
This post is for educational purposes and should not be considered as investment advice. All information collected from https://www.jfdbrokers.com/ on 01/10/2019.