JFD Information

Founded in 2011 and headquartered in Cyprus, JFD Brokers is a global online trading brokerage. Its core business covers multiple asset classes, including forex, precious metals, stocks, and cryptocurrencies, supporting mainstream trading platforms such as MetaTrader 4/5 (MT4+/MT5+). Regulated by authorities like the Cyprus Securities and Exchange Commission (CySEC) and the Vanuatu Financial Services Commission (VFSC), client funds are held in segregated accounts at top-tier credit institutions.

Pros and Cons

Is JFD Legit?

JFD is regulated by authoritative institutions such as CySEC and VFSC. It should be noted that VFSC is an offshore regulated license (No. 17933). Traders can check JFD's information on the CySEC website using license number 150/11.

Regulated Country	Regulated Authority	Regulated Entity	License Type	License Number	Current Status
	CYSEC	JFD GROUP LTD	Market Maker (MM)	150/11	Regulated
	VFSC	JFD Overseas Ltd	Retail Forex License	17933	Offshore Regulated
	FCA	JFD GROUP LTD	European Authorized Representative (EEA)	580193	Unsubscribed

What Can I Trade on JFD?

JFD supports 9 major asset classes, covering over 1,500 instruments, including forex, precious metals, indices, stocks, cryptocurrencies, commodities, and ETFs/ETNs.

Account Type

JFD offers a single account system, and traders can also choose a demo account to test platform functions and strategies.

JFD Fees

Trading costs

Deposit and withdrawal fees

Inactivity Fee

If an account has no trading activities or deposits for three consecutive months, it will be considered inactive. A monthly inactivity fee of 20 EUR/USD/GBP/CHF (based on the account's base currency) will be charged. Accounts with no deposits are exempt from this fee.

Leverage

The default leverage for forex is a 3%-5% margin, equivalent to 20-33 times leverage. Professional clients can apply for a minimum margin of 0.25%, with a maximum leverage of 400 times.

Trading Platform

JFD offers MT4+ and MT5+, supporting desktop, web (no download required), and mobile versions. In addition, it also provides Stock3, a popular social trading platform in Germany.

Deposit and Withdrawal

DepositThe minimum deposit is 500 EUR/USD/GBP/CHF. Deposit methods support bank transfers (SEPA/Sofort), online payments (Nuvei, Skrill, Neteller), and credit cards (VISA/MasterCard). The supported account currencies are EUR/USD/GBP/CHF, while deposits can be made in over 30 currencies (with automatic conversion).

Withdrawal

Withdrawals are prioritized to be returned via the original deposit method. Funds deposited via online payments will be refunded to the original online source first, and any remaining balance will be transferred via bank transfer. For European regions, the funds will arrive within 2-5 working days, while non-European regions take 4-7 working days.

MRG Mega Berjangka Information

PT. MRG Mega Berjangka, a company engaged in futures trading and more commonly known as MRG Mega Berjangka, was established in 1998. It offers a diverse range of trading instruments including forex, gold, US Index, and Crude Oil.

There are three account types: GOLD, SILVER, and PLATINUM, with a minimum deposit requirement of $300 and a leverage ratio of 1:100. The platform provides the MetaTrader 4 platform across multiple systems.

Is MRG Mega Berjangka Legit?

Yes, it has two licenses in Indonesia.

Account Types

MRG Mega Berjangka Fees

The GOLD and PLATINUM accounts share the same fee model, charging 30/lot for forex & gold and 20/lot for indices & crude oil, with spreads starting at 2.3 pips.

In contrast, the SILVER account offers the lowest spread at 0.8 pips but applies a flat commission of $8/lot across all instruments.

Trading Platform

MRG Mega Berjangka offers MetaTrader 4 trading platform. It includes MetaTrader 4 for Windows systems, the MetaTrader version for Apple iOS devices, and the MetaTrader mobile app for Android devices. You can choose to download it according to your own needs.

Deposit & Withdrawal

MRG Mega Berjangka has not specified the specific deposit methods and fees, but has shown the detailed deposit steps:

Deposit steps

1. Enter the username and password obtained during registration in the login field and click “Login”.
2. After obtaining the MetaTrader login ID and password, select the “Top-Up” menu.
3. Enter the amount of funds you wish to deposit.
4. Select “Local Bank Transfer” and choose the account listed with an amount that matches the data you entered (MRG Mega Berjangka does not use the auto-debit function for the security of customer funds).
5. Ensure that all deposit information is filled in correctly, and then click “Submit”.

Withdrawal steps

1. Enter the username and password obtained during registration in the login field and click “Login”.
2. Select the “Withdrawal” menu.
3. Enter the withdrawal amount (in Indonesian Rupiah). Make sure all withdrawal information is filled in correctly, and then click “Submit”.

Notes

• Withdrawal requests submitted between 00:00 and 12:00 WIB (Western Indonesia Time) will be processed no later than 16:00 on the same day.
• Withdrawal requests submitted between 12:00 and 00:00 WIB will be processed no later than 12:00 on the next day.