JFD Group Ltd

JFD Group Ltd, trading as JFD Brokers, is a multi-asset brokerage firm headquartered in Limassol, Cyprus. According to its official website, the firm was established in 2011. It presents itself as a direct market access (DMA) and straight-through processing (STP) broker, aiming to offer transparent and competitive trading conditions to retail and professional clients.

The broker operates under the regulatory oversight of the Cyprus Securities and Exchange Commission (CySEC) as a Cyprus Investment Firm (CIF). It also states compliance with the European MiFID II directive. Our cross-check of the CySEC public register confirms that JFD Group Ltd holds a valid authorisation (licence no. 150/11).

JFD Brokers is primarily regulated by CySEC under licence number 150/11, which permits the provision of investment services including reception and transmission of orders, execution of orders on behalf of clients, dealing on own account, portfolio management, and investment advice. The broker also claims to be registered with the Spanish securities regulator CNMV (licence no. 150/11), though this is not part of the core known facts provided to us.

As a CySEC-regulated entity, JFD is subject to the European MiFID II framework, which imposes requirements on capital adequacy, client fund segregation, and risk disclosure. The broker's authorisation status on the CySEC register is listed as 'Authorised'. However, we note that our known records do not include any information on the firm's founding date or prior operating history outside of regulatory filings.

The broker promotes a simplified account structure with a single account type for all clients. According to its website, the minimum deposit is set at 500 units of base currency (USD, GBP, EUR, or CHF). There is no differentiation between retail and professional account tiers in terms of fees or spreads, though professional clients are subject to different margin and stop-out levels as per regulatory requirements.

The broker states that it does not charge additional commissions on forex and metals trading for most instruments, but instead offers spreads that are determined by liquidity providers. For other asset classes, such as shares and ETFs, commission structures may apply. Detailed fee schedules are available in the contract specifications section of the website.

JFD Brokers offers the widely-used MetaTrader 4 and MetaTrader 5 platforms, which it brands as MT4+ and MT5+ to denote the inclusion of proprietary add-ons. These add-ons include additional indicators, charting tools, and backtesting capabilities. The broker also provides a proprietary platform called stock3, designed for physical stock trading, and a web-based platform called Guidants.

All platforms are available on desktop (Windows/Mac), web browsers, and mobile devices (iOS/Android). The broker highlights that MT4+ and MT5+ support automated trading via Expert Advisors (EAs) and offer multiple order execution options. For traders who prefer social trading or copy trading, the broker does not explicitly offer such features on its own, but third-party integration may be possible.

JFD Brokers claims to provide access to over 1,500 tradable instruments spanning 9 asset classes. These include forex (60+ currency pairs), CFDs on indices (e.g., S&P 500, FTSE 100), commodities (oil, natural gas), precious metals (gold, silver), shares (CFDs on single stocks from major exchanges), ETFs, ETNs, and cryptocurrencies (as CFDs). In addition, the broker offers physical stock trading for over 600 US and European equities.

The broker emphasises that its execution is DMA/STP, meaning orders are passed directly to liquidity providers without dealing desk intervention. Contract specifications, such as lot sizes and margin requirements, are disclosed on the website. For forex, the standard lot size is 100,000 units, and trading hours are 24 hours from Sunday to Friday.

Deposits and withdrawals can be made via bank wire transfer or online payment providers, including debit/credit cards. The broker publishes a fee schedule for card payments, which includes an authorisation fee (e.g., EUR 0.25), a 3D authentication fee (EUR 0.03), and a merchant discount rate (MDR) that varies by region and currency. For EEA countries, the MDR is 1.7% for EUR, while for non-EEA countries it is 2.3%.

Client funds are held in segregated accounts with top-tier credit institutions, in accordance with CySEC requirements. In the event of insolvency, eligible clients may claim compensation from the Investor Compensation Fund (ICF), which covers up to €20,000 per person. The broker states that it keeps detailed records of all transactions to facilitate such claims.