JFD Brokers Experience & User Reviews
What we liked about JFD Brokers
JFD Brokers really shines when it comes to transparancy. JFD is a 100% DMA/STP Broker which most CFD Brokers dont offer. For Forex Traders the execution is blazing fast and the best thing is that the slippage is really low. Positive slippage is also given to the Trader. In recent addition JFD also offers real stocks.
What we disliked about JFD Brokers
JFD has some above average spreads when it comes to index and commodity CFD’s. From our experience the money transfer to JFD has been really slow compared to other brokers who instantly transfer funds to the accounts.
BrokerCheck Review of JFD Brokers
JFD Brokers not only describes itself as the fairest broker, but also delivers a POST TRADE EXECUTION REPORT in addition to the 100% DMA/STP agency model. JFD Brokers thus sets a standard of transparency from which some brokers could learn. Forex spreads are below average consisting of a low spread with low comissions. However, the conditions for other products can still be improved. Meanwhile the biggest plus point is the possibility to trade stocks on MT5. They offer “physical” stocks – usually CFD-Brokers just offer a derivate which simulates the prive movements of a stock. JFD Brokers lets you invest in physical stocks, major advantages are: Owning stocks, annual franked dividends, No financing charges (on long positions). The execution speed of the orders is clearly above average and due to the software offered, every Forex or Stock trader should be in good hands with JFD Brokers. However, JFD is not recommended as an all-round broker at the moment, as unfortunately some values are still missing for trading. For advanced traders, JFD should be considered, especially for Forex trading.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75% of retail investor accounts lose money when trading CFDs with this Broker.