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Do you want to know which is the better broker between JFD and LiteForex ?
In the table below, you can compare the features of JFD , LiteForex side by side to determine the best fit for your needs.
EURUSD: 0.8
XAUUSD: 1.3
Long: -8.4
Short: 1.2
Long: -38.38
Short: 10.25
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 jfd, liteforex 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.
JFD Review Summary in 10 Points | |
Founded | 2011 |
Registered Country/Region | United Kingdom |
Regulation | CySEC, BaFin, BDF |
Market Instruments | Forex, Precious Metals, CFDs, Indices, Stocks, Crypto, Commodities, ETFs & ETNs |
Demo Account | Available |
Leverage | 1:30/1:400 |
EUR/USD Spread | 0.3 pips |
Trading Platforms | MT4+, MT5+, WebTrader, stock 3 |
Minimum deposit | $/€/£/Fr500 |
Customer Support | 24/5 live chat, phone, email |
JFD, also known as JFD Group Ltd, is a multi-regulated online trading and investment services provider founded in 2011, headquartered in Limassol, Cyprus, with offices in Germany and Spain. The company offers access to a wide range of financial instruments, including Forex, CFDs, indices, stocks, commodities, and cryptocurrencies. JFD is known for its transparent and customer-centric approach, providing clients with advanced trading platforms, competitive pricing, and a range of educational resources.
In the following article, we will analyze the characteristics of this broker from various aspects, providing you with simple and organized information. If you are interested, please read on. At the end of the article, we will also briefly make a conclusion so that you can understand the broker's characteristics at a glance.
JFD offers several notable advantages, including multi-regulation from respected authorities, a wide range of financial instruments, and transparent pricing with competitive spreads and commissions. Traders can also benefit from advanced trading platforms and access to research and educational resources.
However, it's important to consider the higher minimum deposit requirement and the reports of withdrawal issues that some users have encountered.
Pros | Cons |
• Multi-regulated by CySEC, BaFin, BDF | • Reports of withdrawal issues |
• Wide range of financial instruments | • Regional restrictions |
• Demo accounts available | • Only one type of account |
• Transparent pricing | • No Swap-free accounts |
• Advanced trading platforms - MT4/5 | • Higher minimum deposit |
• Multiple payment methods | • Deposit/withdrawal fees charged |
• Research and educational resources |
Overall, JFD can be a suitable choice for traders looking for a regulated broker with diverse trading options, but it's crucial to exercise caution and conduct thorough research before making any decisions.
There are many alternative brokers to JFD depending on the specific needs and preferences of the trader. Some popular options include:
Hantec Markets - A reliable choice for traders with its strong regulatory oversight and competitive trading conditions.
FxPrimus - A trusted broker with a focus on client protection and a wide range of trading instruments, suitable for both beginner and experienced traders.
Vantage FX - An established broker offering diverse trading options, advanced platforms, and competitive pricing, making it a preferred choice for active traders.
Ultimately, the best broker for an individual trader will depend on their specific trading style, preferences, and needs.
JFD is regulated by reputable financial authorities such as Cyprus Securities and Exchange Commission (CYSEC, License No. 150/11), Germany Federal Financial Supervisory Authority (BaFin, License No. 126399), and France Banque de France (BDF, License No. 74013). These regulatory licenses indicate that JFD adheres to certain standards and regulations to ensure the safety and protection of client funds.
Additionally, the provision of negative balance protection is an added safety feature that safeguards clients from potentially owing more than their initial investment. However, it's important to note that while regulatory oversight and negative balance protection are positive factors, it's always recommended to conduct thorough research and due diligence before engaging with any broker.
JFD offers 1,500+ financial instruments across 9 asset classes. The available instruments include Forex currency pairs, allowing traders to participate in the global currency market. Precious metals such as gold and silver are also available for those looking to invest in safe-haven assets.
Additionally, JFD offers Contracts for Difference (CFDs) on various indices, giving traders exposure to the performance of major stock indices around the world. Stocks of leading companies can also be traded, allowing investors to take positions in individual equities.
Furthermore, JFD provides access to cryptocurrencies, commodities, and ETFs & ETNs, offering opportunities for diversification and potential profit in these markets. With a comprehensive selection of market instruments, JFD caters to the diverse trading needs and strategies of its clients.
JFD offers traders an account type with a minimum deposit of $/€/£/Fr500. While this requirement may be higher compared to some other brokers, it may attract more serious and experienced traders who are willing to commit a larger capital.
The margin call level of 100% ensures that traders receive notifications when their account equity falls below the required margin, helping them manage their positions effectively. The stop out level of 50% serves as a safety net, automatically closing positions when the account equity reaches a specified level, preventing further losses.
Additionally, JFD offers free demo accounts, allowing traders to practice and test their strategies in a risk-free environment before committing real funds.
JFD is subject to the laws and regulations of each jurisdiction in which it operates. For this reason, JFD often employs a small 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.
JFD offers competitive spreads and commissions on a wide range of trading instruments. The EUR/USD pair, for example, has a floating spread of approximately 0.3 pips, which is favorable for traders looking to engage in forex trading. The specific spreads for other trading instruments can be found on JFD's website or through the provided screenshot.
In terms of commissions, JFD charges $3/€2.75/£2.5/Fr3 per lot per side for forex and precious metals trading, providing transparency and clarity for traders. For indices and commodities, the commission is $/€/£/Fr0.1 per CFD per side, ensuring a cost-effective trading experience.
When it comes to stocks trading, JFD applies a commission structure of $0.02 per share with a minimum ticket charge of $5 per side for US stocks. For French, German, Dutch, Spanish, and UK stocks, the commission is 0.05% of the order volume with a minimum ticket fee of $5 per side.
Crypto trading does not attract any commission charges, making it an attractive option for traders interested in this asset class. Lastly, for ETFs & ETNs, JFD applies a commission of $0.025 per share with a minimum ticket charge of $5.
Trading Instrument | Commission |
Forex / precious metals | $3/ €2.75/£2.5/Fr3 per lot per side |
Indices / commodities | $/€/£/Fr0.1 per CFD per side |
US stocks | $0.02 per share / minimum ticket charge $5 per side |
French / German / Dutch / Spanish / UK stocks | 0.05% of order volume / minimum ticket fee of $5 per side |
crypto | 0% |
ETFs / ETNs | $0.025 per share / minimum ticket charge $5 |
Overall, JFD's spreads and commissions are competitive and provide traders with transparent and fair pricing structures for their trading activities.
Below is a comparison table about spreads and commissions charged by different brokers:
Broker | EUR/USD Spread (pips) | Commission (per lot per side) |
JFD | 0.3 | $3/€2.75/£2.5/Fr3 (Forex / precious metals) |
Hantec Markets | 0.2 | $6 |
FxPrimus | 0.5 | $5 |
Vantage FX | 0.0 | $7 |
Note: The information presented in this table may be subject to change and it is always recommended to check with the broker's official website for the latest information on spreads and commissions.
JFD provides a range of robust trading platforms to cater to the diverse needs of its clients. Traders have the option to choose from MetaTrader 4+ (MT4+), MetaTrader 5+ (MT5+), and JFD's own proprietary platform called Stock 3. The popular MetaTrader platforms offer advanced charting capabilities, a wide range of technical indicators, and the ability to execute trades efficiently.
Traders can access MT4+ and MT5+ not only on desktop but also through the web-based versions, known as MT4+ WebTrader and MT5+ WebTrader. These web-based platforms enable traders to access their accounts and trade from any device with an internet connection, providing flexibility and convenience.
Additionally, JFD's proprietary platform, Stock 3, offers a unique trading experience tailored to stock trading, providing traders with the tools and features necessary for efficient stock market analysis and execution.
With a choice of these powerful trading platforms, JFD ensures that traders have the tools and technology they need to execute their trading strategies effectively and make informed investment decisions.
See the trading platform comparison table below:
Broker | Trading Platforms |
JFD | MetaTrader 4+, MT4+ WebTrader, MetaTrader 5+, MT5+ WebTrader |
Hantec Markets | MetaTrader 4, Currenex, Hantec Web Trader |
FxPrimus | MetaTrader 4, MetaTrader 5 |
Vantage FX | MetaTrader 4, MetaTrader 5, WebTrader |
JFD offers a variety of convenient and secure payment methods for both deposits and withdrawals. Traders can fund their accounts using popular options such as Visa, MasterCard, Maestro, Skrill, Neteller, nuvei, Sofort, bank wire, and payabl.
The minimum deposit requirement is set at $/€/£/Fr500, ensuring accessibility for traders with different budget sizes.
JFD | Most other | |
Minimum Deposit | $/€/£/Fr500 | $100 |
Deposit and withdrawal fees may vary depending on the chosen payment method. To obtain specific details regarding these fees, traders can refer to the broker's website.
JFD values the importance of excellent customer service and aims to provide reliable support to its clients. With a dedicated team available 24/5, traders can reach out to JFD through various channels, including email, telephone, and live chat. This ensures prompt assistance and allows traders to address any inquiries or trading-related issues they may encounter.
In addition to traditional communication methods, JFD also maintains an active presence on popular social media platforms such as Linkedin, Twitter, Facebook, YouTube, and Telegram. By following JFD on these platforms, traders can stay updated on the latest news, market insights, educational resources, and more.
JFD also provides a Frequently Asked Questions (FAQ) section on its website where you can find answers to common queries regarding account opening, platform usage, and more. The FAQ section can be a helpful resource for obtaining quick and concise information about various aspects of trading with JFD.
The comprehensive customer service offered by JFD reflects their commitment to ensuring a positive trading experience for their clients.
Pros | Cons |
• Multiple contact channels | • No 24/7 customer support |
• 24/5 live chat support | |
• Active presence on popular social media | |
• FAQ section is available |
Note: These pros and cons are subjective and may vary depending on the individual's experience with JFD's customer service.
On our website, you can see that some reports of unable to withdraw. Traders are encouraged to carefully review the available information and consider the risks associated with trading on an unregulated platform. You can check our platform for information before trading. If you find such fraudulent brokers or have been a victim of one, please let us know in the Exposure section, we would appreciate it and our team of experts will do everything possible to solve the problem for you.
JFD provides a range of educational resources to support traders in enhancing their knowledge and skills in the financial markets. Traders can benefit from research and analysis materials, which offer insights into market trends, news, and technical analysis.
Additionally, JFD offers webinars and live events where traders can learn from industry experts and gain practical trading tips. The broker also provides a comprehensive trading glossary, which serves as a valuable reference tool for understanding trading terminology and concepts.
By offering these educational resources, JFD demonstrates its commitment to empowering traders and equipping them with the necessary knowledge to make informed trading decisions.
In conclusion, JFD is a regulated broker with a strong reputation and years of industry experience. It offers a diverse range of financial instruments, competitive spreads, and commissions. The availability of multiple trading platforms, along with research and educational resources, adds to its appeal. However, it's worth noting the higher minimum deposit requirement and some reports of withdrawal issues. Traders should carefully consider these factors and conduct their own due diligence before engaging with JFD. Overall, JFD presents a solid option for traders seeking a regulated brokerage, but caution is advised.
Q 1: | Is JFD regulated? |
A 1: | Yes. It is regulated by CySEC, BaFin, and BDF. |
Q 2: | At JFD, are there any regional restrictions for traders? |
A 2: | Yes. A restriction on offering investment services applies to residents of certain jurisdictions including the USA, Russia, Belarus, Poland, Latvia, Japan, Australia, New Zealand, Singapore, Egypt, Czech Republic, UK and to residents of other countries whose domestic regulations classify such investment offering as prohibited. |
Q 3: | Does JFD offer demo accounts? |
A 3: | Yes. |
Q 4: | Does JFD offer the industry leading MT4 & MT5? |
A 4: | Yes. It supports MT4+, MT5+, WebTrader, and stock 3. |
Q 5: | What is the minimum deposit for JFD? |
A 5: | The minimum initial deposit to open an account is $/€/£/Fr500. |
Q 6: | Is JFD a good broker for beginners? |
A 6: | No. It is not a good choice for beginners. Though it is a regulated broker and offers quite competitive trading conditions and the leading trading platforms, the initial deposit requirement is too high for beginners. |
Registered in | Cyprus |
Regulated by | CYSEC |
Year(s) of establishment | 10-15 years |
Trading instruments | Currency pairs, indices, metals, energy |
Minimum Initial Deposit | $50 |
Maximum Leverage | 1:30 |
Minimum spread | 0.0 pips onwards |
Trading platform | MT4, MT5 |
Deposit and withdrawal method | Bank wire transfer, credit card, skrill, neteller, etcetera |
Customer Service | Email/phone number/address/live chat |
Fraud Complaints Exposure | Yes |
It is important to note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies. In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then. Therefore, readers are advised to always verify updated information directly with the company before making any decision or taking any action. Responsibility for the use of the information provided in this review rests solely with the reader.
In this review, if there is a conflict between the image and the text content, the text content should prevail. However, we recommend that you open the official website for further consultation.
Pros:
Wide range of tradable markets including currency pairs, indices, metals, and energy.
Competitive average spread for EURUSD at 0.5 pips.
Offers demo account for risk-free trading.
Two types of live accounts to choose from based on trading habits.
Provides various educational resources such as glossary, e-books, tutorials, and economic news.
Multiple language support for customer service.
Detailed deposit and withdrawal information with minimum amount of 10 USD and no extra fees.
Cons:
Limited information on spreads and commissions.
No information available on cryptocurrencies or stocks.
Maximum leverage of 1:30, which may not be sufficient for some traders.
No mobile trading platform available.
Limited working hours for customer service.
Advantages | Disadvantages |
No conflict of interest | Higher spreads than market makers |
Straightforward pricing | No fixed spreads |
Lower trading costs | Possible requotes during volatile markets |
No trading restrictions | Slower order execution than market makers |
LiteForex is an STP (Straight Through Processing) broker that enables its clients to have direct access to interbank markets. This type of broker passes on their client's orders directly to liquidity providers, which are typically banks, without the need for a dealing desk. As a result, STP brokers are typically known for their transparency and faster order execution. LiteForex's STP model allows clients to experience pricing that reflects current market conditions, which can result in lower trading costs. However, since LiteForex does not have fixed spreads, clients may experience wider spreads during volatile markets. Additionally, requotes may occur due to the time it takes to process orders.
LiteForex is a Cyprus-registered company that provides online trading services for forex, commodities, indices, and metals markets. It is regulated by the Cyprus Securities and Exchange Commission (CYSEC) and offers two types of live accounts: ECN and Classic. LiteForex also provides a demo account, educational resources, and customer support in multiple languages. The company allows clients to deposit and withdraw funds via electronic transfers, bank cards, and bank wire transfers with a minimum amount of 10 USD and no extra fees.
In the following article, we will analyse the characteristics of this broker in all its dimensions, providing you with easy and well-organised information. If you are interested, read on.
Advantages | Disadvantages |
Large range of trading markets available | Cryptocurrencies and stocks currently unavailable |
Suitable for both beginners and experienced traders | No information on the number of instruments offered |
Access to currency pairs, indices, metals, and energy | No information on the availability of exotic pairs |
LiteForex offers its clients a wide range of trading markets that includes currency pairs, indices, metals, and energy. This variety of instruments allows traders to find what they want to trade on the platform, whether they are beginners or experienced traders. However, it is important to note that LiteForex does not offer cryptocurrencies and stocks currently. Additionally, there is no information available on the number of instruments offered on the platform, and it is unclear if exotic currency pairs are available for trading. Overall, LiteForex's instrument dimension provides a good range of options for traders, but lacks some popular instruments like cryptocurrencies and stocks.
Advantages | Disadvantages |
Tight and variable spreads | Lack of transparency on spread and commission information |
Competitive average spread for major currency pairs | No information on commission charges |
No hidden fees or charges |
LiteForex's information on spreads and commissions is quite limited, which may make it difficult for traders to accurately assess the cost of trading with the broker. However, LiteForex does declare to have tight and variable spreads, with an average spread of 0.5 pips for EURUSD, which is a competitive level compared to other brokers in the market. The broker also does not have any hidden fees or charges, which can be seen as an advantage for traders. However, the lack of transparency on commission charges may be a disadvantage for traders who want to have a clear understanding of all the costs involved in trading with the broker.
Advantages | Disadvantages |
Demo account available to practice trading | Limited account types offered |
Two types of live accounts available to choose from based on personal preferences | Lack of clear information on spreads and commissions |
Option to choose between zero commission with higher spreads or lower spreads with $3 commission per lot |
LiteForex offers a demo account for beginners to practice trading without risking real money. For live accounts, the company provides two options: ECN and classic. The classic account has higher spreads but no commission, while the ECN account has lower spreads but a $3 commission per lot. This allows traders to choose the type of account that best fits their trading style and preferences. However, there is limited information available on spreads and commissions, which may be a disadvantage for some traders. Overall, LiteForex's account options cater to both new and experienced traders.
Advantages | Disadvantages |
MT4 and MT5 are both popular platforms | Some traders may prefer other platforms |
Well-known and trusted by traders | Limited customization options |
Easy to use and navigate | Limited charting tools and indicators |
Wide range of features and tools | Limited options for automated trading |
Ability to use expert advisors | Limited compatibility with other platforms |
Fast and reliable execution | No proprietary platform for unique features or advantages |
LiteForex offers both MT4 and MT5 trading platforms, which are widely recognized and trusted by traders in the industry. These platforms provide a user-friendly interface and a wide range of features and tools, making it easy for traders to analyze and execute trades. However, some traders may prefer other platforms, and customization options may be limited. Additionally, while MT4 and MT5 offer a variety of charting tools and indicators, these may not be as extensive as some traders require. Automated trading options are available but may be limited, and compatibility with other platforms may be an issue. Despite these potential drawbacks, MT4 and MT5 platforms are fast, reliable, and provide access to a range of trading instruments, making them a popular choice among traders.
Advantages | Disadvantages |
Allows traders to increase their trading position with a relatively small amount of capital | High leverage increases risk and potential losses |
Can lead to higher profits with successful trades | Inexperienced traders may be tempted to over-leverage their positions |
Attracts traders with smaller capital amounts | Changes in market conditions can lead to sudden losses |
Offers flexibility in trading strategies | Regulators may restrict leverage levels in certain regions |
LiteForex offers a maximum leverage of 1:30, which is a commonly seen level in the forex industry. Leverage is an important aspect of forex trading as it allows traders to open positions larger than the amount of money they have deposited, which can lead to higher profits with successful trades. However, it also increases risk and potential losses, especially for inexperienced traders who may be tempted to over-leverage their positions. While higher leverage can be attractive to traders with smaller capital amounts, changes in market conditions can lead to sudden losses. It is important to note that regulators may restrict leverage levels in certain regions. Overall, traders should carefully consider their risk tolerance and trading strategy when using leverage.
Advantages | Disadvantages |
Various payment methods available | No mention of e-wallet options |
Minimum deposit is only $10 | Limited information on withdrawal processing times |
No additional fees for deposits or withdrawals | No option for local bank transfer in some countries |
LiteForex's deposit and withdrawal process offers several advantages to traders. Firstly, the broker supports multiple payment methods, including electronic transfers, bank cards, and bank wire transfers. Secondly, the minimum deposit requirement is only $10, making it easy for beginners to get started. Lastly, there are no extra fees charged for deposits or withdrawals, which is a bonus for traders on a tight budget. However, LiteForex does not offer e-wallet options, which is a popular payment method among traders, and the information on withdrawal processing times is limited. Additionally, local bank transfer is not available in some countries.
Advantages | Disadvantages |
A wide range of educational resources such as e-books, tutorials, strategies, and traders‘ calculators are available to traders. | The educational resources may not be suitable for all levels of traders. |
Economic calendar, analytics, currencies rates and economic news are provided to help traders make informed decisions. | The educational resources may not be regularly updated, which can lead to outdated information. |
The educational resources are easily accessible and user-friendly. | The educational resources may not cover all trading aspects. |
The educational resources are available in multiple languages. | The quality of some educational resources may not be of high standards. |
LiteForex offers a comprehensive range of educational resources for traders of all levels. With glossaries, e-books, tutorials, strategies, economic calendars, analytics, traders’ calculators, currency rates, economic news, and more, LiteForex provides a wide range of resources to help traders make informed decisions. However, the quality of some educational resources may not be of high standards, and they may not be suitable for all levels of traders. Additionally, the educational resources may not be regularly updated, which can lead to outdated information. Nonetheless, the resources are easily accessible and user-friendly, and are available in multiple languages.
Advantages | Disadvantages |
Multiple language support | Limited working hours |
Multiple contact options (email and phone) | No live chat available |
Physical address provided | No 24/7 customer support |
Quick response time during working hours |
LiteForex offers a variety of customer service options to its clients, including support in multiple languages and two contact options: email and phone. However, there is no live chat available, and customer support is only available during limited working hours from 9 a.m. to 9 p.m. (GMT+2) on weekdays. Another downside is the lack of 24/7 customer support. Despite these limitations, the broker provides a physical address, which can add to clients' peace of mind. Moreover, during the working hours, the response time is quick, and clients can expect to receive a helpful response in a timely manner.
In conclusion, LiteForex is a well-established and reputable online forex and CFD broker, offering a wide range of trading instruments, educational resources, and customer support in multiple languages. With its user-friendly trading platforms, tight spreads, and low minimum deposit, it is an attractive option for both beginner and experienced traders. While its maximum leverage is relatively low compared to some other brokers, this can be seen as a positive aspect for traders who prioritize risk management. Overall, LiteForex seems to be a reliable and trustworthy choice for anyone looking to trade the financial markets. However, it is important to always do your own research and carefully consider the risks involved before making any investment decisions.
Is LiteForex a regulated forex broker?
Yes, LiteForex is a regulated forex broker registered with the Cyprus Securities and Exchange Commission (CYSEC).
What trading platforms does LiteForex offer?
LiteForex offers two popular trading platforms, MT4 and MT5, that are widely used by traders worldwide.
What financial instruments can I trade on LiteForex?
LiteForex provides access to a wide range of trading instruments, including currency pairs, indices, metals, and energy.
Does LiteForex offer a demo account?
Yes, LiteForex offers a demo account that allows you to try out the financial markets without the risk of losing money.
What are the minimum deposit and withdrawal amounts on LiteForex?
The minimum deposit and withdrawal amounts on LiteForex are both 10 USD.
What are the customer service working hours of LiteForex?
The customer service of LiteForex is available from 9 a.m. to 9 p.m. (GMT +2) on Monday to Friday.
What are the possible payment methods for deposit and withdrawal on LiteForex?
LiteForex supports various payment methods, including electronic transfers, bank cards, and bank wire transfers. There are no extra fees for deposits and withdrawals.
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 jfd and liteforex are, we first considered common fees for standard accounts. On jfd, the average spread for the EUR/USD currency pair is from 0 pip pips, while on liteforex the spread is from 2.0 points.
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.
jfd is regulated by CYSEC,BaFin,AMF,FCA,VFSC. liteforex is regulated by CYSEC.
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.
jfd provides trading platform including MT4 and trading variety including Foreign exchange, precious metals, stocks, indices, bonds, commodities. liteforex provides trading platform including CLASSIC,ECN and trading variety including --.