Is JFD broker safe and legit? Regulation status explained

How Regulated Is JFD Broker? A Deep Analysis

JFD is a broker that emphasizes compliance, boasting regulation under CySEC in Cyprus and an offshore license with VFSC. The firms core entity, JFD Group Ltd, holds a CySEC license (No. 150/11), categorizing it as a Market Maker (MM). Additionally, JFD Overseas Ltd operates under a VFSC retail forex license (No. 17933), primarily serving non-EU clients. While VFSC is an offshore regulator with lighter oversight, CySEC regulation means clients benefit from higher transparency, negative balance protection, and fund segregation in top-tier banks. However, users in restricted regions like the U.S. and China cannot open accounts with JFD, as per compliance with cross-border regulatory limitations.

What Are Clients Asking About JFD Broker?

Is JFD regulated by top-tier authorities?Yes. JFD is regulated by CySEC, a recognized European financial authority, and registered offshore under VFSC for its global operations.

What does CySEC regulation mean for traders?CySEC regulation ensures client fund segregation, regular audits, participation in investor compensation schemes, and negative balance protection.

Is VFSC a strong regulator?

VFSC is considered a light-touch offshore regulator. It offers fewer protections than EU-level authorities, making it more suitable for experienced traders aware of jurisdictional risks.

Can I verify JFD's license online?Yes. You can verify JFD Group Ltd on CySECs official site using license number 150/11. The VFSC license can be checked via its registry using No. 17933.

Does JFD operate under FCA in the UK?Previously, JFD Group Ltd was an EEA-authorized representative under FCA (580193), but this license has since been unsubscribed post-Brexit.

Does JFD segregate client funds?Yes. Under CySEC regulation, JFD ensures all client funds are held in segregated accounts with reputable European banks.

Who Supervises a JFD broker?

JFDs CySEC regulation is its core compliance pillar, while its VFSC license serves to expand its global presence in less-regulated markets.

What Are JFD's Regulatory Strengths and Weaknesses?