Do you want to know which is the better broker between Deriv and JFD ?
In the table below, you can compare the features of Deriv , JFD side by side to determine the best fit for your needs.
You can determine the reliability and credibility of a broker by checking four factors:
1.Forex broker introduction。
2.Are the transaction costs and expenses of deriv, jfd lower?
3.Which broker is safer?
4.Which broker provides better trading platform?
Based on these four factors, we can compare which is reliable. We have broken down the reasons as follows:
Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.
General Information & Regulation
|Market Instrument||forex, stocks & indices, cryptocurrencies, commodities, and derived|
|Account Type||CFDs trading, options trading, and multipliers trading|
|Trading Platform||Deriv GO, Deriv MT5, DTrader, Deriv X, DBot, SmartTrader, Binary Bot, and API|
|Deposit & Withdrawal Method||online banking, credit/debit cards, e-wallets and cryptocurrencies|
Deriv's story began in 1999, the year Regent Markets was founded by an entrepreneur in partnership with a financial mathematician to develop algorithms for the world's first fixed-odds trading system for retail investors. 2000 saw Regent Markets' first office in Malta, where it acquired its first binary options. In 2001, Regent Markets launched BetOnMarkets.com, the first platform to offer binary options to retail traders. In 2004, Regent Markets opened a second office in Malaysia, and in 2013, BetOnMarkets.com was renamed Binary.com. The new brand can offer more features and market ranges. In 2005, the Malta Financial Services Authority (MFSA) granted Binary.com a Class III investment services license, authorizing Binary.com to offer investment services to EU investors. Binary.com added CFDs, a popular form of derivatives trading used by retail traders in 2016. In 2018, Binary.com opened its third office in Labuan, Malaysia, and in 2019, it opened offices in Dubai and Paraguay. Deriv.com continues its global expansion with the opening of offices in Cyprus and Rwanda, as well as two new offices in Ipoh and Malaysia.
Here is the home page of this brokers official site:
As for regulation, it has been verified that Deriv holds suspicious clone Malta Financial Services Authority - MFSA, Vanuatu Financial Services Commission - VFSC, and the British Virgin Islands Financial Services Commission - FSC licenses. That is why its regulatory status on WikiFX is listed as “Suspected Fake Clone” and receives a relatively low score of 1.43/10. Please be aware of the risk.
Note: The screenshot date is January 16, 2023. WikiFX gives dynamic scores, which will update in real time based on the broker's dynamics. So the scores taken at the current time do not represent past and future scores.
Deriv offers traders 100+ tradable assets, including forex, stocks & indices, cryptocurrencies, commodities, and derived.
Apart from free demo accounts, Deriv offers three types of trading, CFDs trading, options trading, and multipliers trading.
CFDs trading: A CFD (contract for difference) allows you to trade on the price movement of an asset, without buying the underlying asset.
options trading: Options are products that allow for payouts from predicting market movements, without needing to buy the underlying asset.
multipliers trading: Deriv multipliers combines the upside of leverage trading with the limited risk of options.
Deriv offers flexible leverage up to 1:1000. This allows users to take larger position sizes by putting down a small deposit, known as margin, to increase potential returns. Margin requirements and leverage levels vary depending on the account and jurisdiction you register an account from.
It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you.
Trading Platform Available
Deriv offers traders a choice of 8 trading platforms, including Deriv GO, Deriv MT5, DTrader, Deriv X, DBot, SmartTrader, Binary Bot, and API. The MT5 is highly praised by traders and brokers alike due to its ease of use and great functionality, offering top-notch charting and flexible customization options. It is especially popular for its automated trading bots, a.k.a. Expert Advisors.
Trading at Deriv.com is available 24/7, following respective market operating hours. With that said, weekend trading usually sees a reduction in volume, resulting in less competitive spreads.
Deposit & Withdrawal
Deriv accepts deposits and withdrawals from traders' investment accounts via online banking, credit/debit cards, e-wallets and cryptocurrencies. The minimum initial deposit requirement is said to be just $5. The broker says to process all deposits and withdrawals within 1 day, however, withdrawals may take up to 15 working days to reflect on your card.
Additionally, an unspecified dormant fee may be charged to accounts inactive for 12 months.
Customer support is available 24/7 through:
Telegram, Email: firstname.lastname@example.org
Help Centre – The self-service portal can assist with a range of queries, from account questions to platform issues.
Live Chat – Live chat support is now available direct from the website.
You can also follow this broker on social networks such as Twitter, Facebook, Instagram, YouTube and LinkedIn.
Company address: Level 3, W Business Centre, Triq Dun Karm, Birkirkara, BKR 9033.
Pros & Cons
|• Multiple trading instruments and payment methods offered||• Suspicious clone|
|• Demo accounts available||• No specific information on spreads & commissions|
|• Low minimum deposit (5 USD)|
|• MT5 supported|
Frequently Asked Questions (FAQs)
|Q 1:||Is Deriv regulated？|
|A 1:||No. It has been verified that the licenses (MFSA, VFSC, and FSC) that Deriv holds are all suspicious clones.|
|Q 2:||At Deriv, are there any regional restrictions for traders？|
|A 2:||Yes. Their services are not available in certain countries, including the USA, Canada, and Hong Kong.|
|Q 3:||Does Deriv offer demo accounts？|
|Q 4:||Does Deriv offer the industry-standard MT4 & MT5？|
|A 4:||Yes. Deriv supports MT5 and other trading platforms.|
|Q 5:||What is the minimum deposit for Deriv？|
|A 5:||The minimum initial deposit with Deriv is said to be just $5.|
|Q 6:||Does Deriv charge a fee？|
|A 6:||Like every forex broker, it charges a dormant fee but not specified.|
|Q 7:||Is Deriv a good broker for beginners？|
|A 7:||No. Deriv is not a good choice for beginners. Although it advertises very well, it lacks legitimate regulations, so trading with them is dangerous.|
|Regulation||CySEC, FCA, BDF, BaFin, VFSC|
|Minimum Deposit||500 US$|
|Minimum Spreads||0.4 pips on EUR/USD pair|
|Trading Platform||MT4 & MT5, WebTrader|
|Trading Assets||Foreign exchange, precious metals, stocks, indices, commodities, cryptocurrencies|
|Payment Methods||Bank transfer, Sofort bank transfer, Skrill, Safecharge, UnionPay|
|Customer Support||5 /24 Live Chat, Phone, Emails|
General Information & Regulation
JFD is a professional online Forex and CFD broker founded in 2011, headquartered in Limassol, Cyprus, with offices in Germany and Spain. The broker currently holds an STP license authorized by the Cyprus Securities and Exchange Commission (license number: 150/11), a retail forex license licensed by the German Federal Financial Authority (license number: 120056), and a retail forex license authorized by the Vanuatu Financial Services Commission (license number: 17933).
Pros & Cons of JFD
JFD is a forex broker that offers easy account opening, a variety of trading platforms, and access to regulated markets, all of which contribute to the broker's reputation as a reliable place to do business. Traders have access to training and a variety of funding options.
Negative aspects include the lack of round-the-clock service and the fact that, depending on local regulations, some places may offer more favorable terms than others.
|Heavily regulated||High minimum deposit|
|MT4 & MT5, WebTrader||No Swap-free accounts|
|Multiple trading assets to trade||Only one type of account|
|High Leverage for professional clients|
|Additional educational resources|
|Social trading allowed|
|Multiple Payment Methods|
JFDprovides investors with a wide variety of tradable financial instruments, mainly foreign exchange, precious metals, stocks, indices, commodities, cryptocurrencies, exchange-traded funds, etc.
JFD Brokers offers traders an account type with a minimum deposit of $500/£/€/CHF, which is higher than most brokers' requirements for this type account. Account features are listed below:
Account base currencies: USD, GBP, EUR, and CHF
Minimum deposit: 500 USD/GBP/EUR/CHF
Margin call level: 100%
Stop out level: 50%
Negative balance protection
Anonymity to LPs
Scalpers / EAs welcome
JFD is subject to the laws and regulations of each jurisdiction in which it operates. For this reason, JFD often employs a smaller leverage ratio. In addition, traders based in Europe can utilize a maximum leverage of 1:30 on Forex products, while traders based elsewhere who use JFD can ask for a leverage of up to 1:400. The leverage is 1:30 for major currency pairs, 1:20 for minor currency pairs, 1:20 for gold trading, 1:5 for silver trading, and 1:5 for stocks trading.
Spreads & Commissions
The minimum spread is 0.4 pips for EURUSD and 1.0 pips for GBPUSD. The commission for Forex and precious metals trading is 3 USD / 2.75 EUR / 2.5 GBP / 3 CHF (one side) / per lot for precious metals trading. Commission for index trading is USD/€/£/CHF 0.1 per CFD per side. Commission for stock trading: $0.02 per share / minimum ticket fee of $5 per side for US stocks and 0.05% of order volume / minimum ticket fee of $5 per side for French / German / Dutch / Spanish / UK stocks.
JFD Brokers offers traders the market-leading and highly acclaimed MT4 and MT5, as well as a Webtrader and Stock 3 trading platform. The trader adds over 500 instruments from 8 asset classes to the MT4 platform - including Forex, precious metals, indices (spot and futures) ETFs and ETNs, etc. In addition, traders can use MT4 to connect up to 20+ limited partners through a pure broker-only model, which is a fairer and more direct way to trade. Both versions support the desktop version. Both versions are available in desktop, web, and mobile versions.
All in all, these platforms provide the maximum in trading possibilities, with varying features that cater to different trading styles. Options for automating, engaging in technical trading, or utilizing social trading skills; platforms accessible via desktop, web, and mobile application versions.
Deposit & Withdrawal
JFD Brokers minimum deposit amount is 500$ regardless of the platform or a trading account you choose to trade. Funding or transferring money into your trading account is the first step toward real trading. Payment can be made via bank transfer, Sofort bank transfer (with a 1.8% deposit cost), or via several online payment methods such as Skrill (2.9% fee), Safecharge (1.95% fee), or UnionPay (no fee). As a result, it is essential to research all of the expenses associated with the various payment options before making a final decision.
You must use the same methods to withdraw the funds, but some of them may charge you a fee for doing so. As a result, a one percent fee will be assessed by both Skrill and Safecharge.
JFD Brokers provides 5/24 customer support, and clients with any inquiries and trading-related issues can get in touch with this broker through email, telephone, live chat. Or you can follow this broker on some social media platforms like Linkedin, Twitter, Facebook, Youtube, and Telegram.
When it comes to traders, JFD presented a quality service that doesn't discriminate based on client size or trading expertise. The market is analyzed regularly, and cutting-edge instructional tools and data are provided by an award-winning research team.
Despite the company's relative youth, it has already earned praise from respected media and satisfied customers for its rapid expansion and reliability.
To compare transaction costs across different brokers, our experts analyze the transaction-specific fees (such as spreads) and non-trading fees (such as inactivity fees and payment costs).
To get a comprehensive understanding of how cheap or expensive deriv and jfd are, we first considered common fees for standard accounts. On deriv, the average spread for the EUR/USD currency pair is -- pips, while on jfd the spread is from 0 pip.
To determine the safety of our top brokers, our experts will consider many factors. This includes which licenses the broker holds and the credibility of these licenses. We also consider the history of brokers, because long-term brokers are usually more reliable and trustworthy than new brokers.
deriv is regulated by MFSA,VFSC,FSC. jfd is regulated by CYSEC,BaFin,BDF,FCA,VFSC.
When our experts review brokers, they will open their own accounts and trade through the broker's trading platform. This enables them to comprehensively evaluate the quality, ease of use, and function of the platform.
deriv provides trading platform including -- and trading variety including --. jfd provides trading platform including MT4 and trading variety including Foreign exchange, precious metals, stocks, indices, bonds, commodities.