What is the JFD broker review?

User Reviews

Total Reviews: 4

• Kristy780996 (within 1 year):

  This user shared an unpleasant experience with JFD Brokers. After depositing $15,000 and withdrawing $21,583.37, the user claims JFD arbitrarily cancelled their account when the balance reached around $40,000 in profits. All of the profits were deducted, and the user filed a complaint with the Cyprus Securities and Exchange Commission (CySEC) regarding the issue.

• FX8293462832 (3-5 years):

  This reviewer reported an incident where they deposited 3000 USD and joined a trading account. After receiving a reward and completing several transactions, they were told that in order to withdraw their funds, they needed to meet a certain transaction volume requirement (30 times the deposit). The reviewer also stated that they were then pressured to pay additional fees totaling 51,000 USD to continue processing the withdrawal.

• QQ糖 (3-5 years):

  Another user mentioned that JFD Brokers has withdrawal restrictions, stating that profits could only be withdrawn after reaching 80% of the deposit amount. This issue raises questions about the platform's withdrawal policies.

• 毛毛19107 (6-10 years):

  On a positive note, a user who has traded with JFD Brokers for more than two years was satisfied with the platform. They praised the low trading costs, stable spreads, and responsive customer support, although they did express a desire for even lower spreads.

What You Want to Know Most About JFD Brokers

Q1: Is JFD Brokers Safe and Secure?

A1: JFD Brokers is regulated by the Cyprus Securities and Exchange Commission (CySEC), ensuring a level of investor protection. However, some users have raised concerns over its security due to allegations of blocked withdrawals and account cancellations, suggesting that traders should be cautious when using the platform.

Q2: Can I Withdraw My Funds From JFD Brokers?

A2: Withdrawal processes at JFD Brokers seem to be problematic for some users. Complaints have surfaced regarding delayed withdrawals and requirements to meet transaction volume thresholds or pay additional fees before funds can be withdrawn. These restrictions may pose challenges for those seeking easy access to their earnings.

Q3: Is JFD Brokers a Scam?

A3: While JFD Brokers is regulated, exposure reviews indicate some questionable practices, such as the cancellation of accounts and withdrawal issues. These experiences have led to suspicions about the platforms trustworthiness. Traders should exercise caution and ensure they understand the platform's withdrawal policies.

Q4: What Are the Fees and Spreads on JFD Brokers?

A4: JFD Brokers provides competitive spreads and low trading costs, especially for currency pairs. However, the spread may vary depending on the account type and market conditions. Some users have requested lower spreads, indicating that while the costs are generally competitive, there is room for improvement.

Q5: What Is the Minimum Deposit on JFD Brokers?

A5: The minimum deposit required to start trading with JFD Brokers is €500, or the equivalent in other currencies like CHF, GBP, and USD. This is a standard deposit requirement for brokers of its type.

Risk Warning: Trading involves substantial risks, including the potential loss of your investment. Its important to only trade with funds you can afford to lose. Always conduct thorough research and consult with professionals before engaging in any trading activity.