Do you want to know which is the better broker between MONEX and JFD ?
In the table below, you can compare the features of MONEX , 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 monex, 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:
|Trading Platform||Monex Trader (Stocks & Futures), Monex Trader FX (Forex), Multiboard 500, Full Board Information Tool, Market Board, and Monex Vision|
|Customer Support||Email & Phone support|
General Information & Regulation
MONEX is an online securities company based in Tokyo, Japan, and wholly owned by the Monex Group. Monex is an online securities company formed through the merger of Monex, Inc. and Nikko Beans
MONEX currently holds a retail foreign exchange license (license number: 1010001064546) from the Financial Services Agency of Japan. MONEX, Inc. is a member of Japan securities Dealers Association, Type II Financial Instruments Firms Association, The Financial Futures Association of Japan, Japan Virtual and Crypto Assets Exchange Association and Japan Investment Adviser Association.
MONEX provides investors with products and services such as domestic stocks, US stocks, Chinese stocks, investment trusts, bonds, IPOs, stock lending services, ETFs, foreign exchange currency pairs, cryptocurrency CFDs, bonds, etc.
The diverse lineup of products offered by MONEX is from 110 yen for physical trading to 99 yen for margin trading (tax included), both beginners and experienced traders can make a small investment at a reasonable price. The monthly Fixed Commission Process calculates the commission for the total daily contract amount, which traders can choose according to their needs. For example, the brokerage fee for China stocks (tax included) is 0.275% of the contract price (minimum fee HK$49.5, maximum fee HK$495). The fee for Nikkei 225 Mini Index is 38 yen per order, and the fee for Nikkei 225 Futures is 275 yen per order.
Trading Platforms AVailable
MONEX offers a variety of trading platforms for traders to choose flexibly. These trading platforms are Monex Trader (Stocks & Futures), Monex Trader FX (Forex), Multiboard 500, Full Board Information Tool, Market Board, and Monex Vision.
Deposit and Withdrawal
MONEX offers a wide range of deposit and withdrawal options. Investors can fund their investment accounts through instant deposit services, regular automatic deposit services, ATM deposits through Monex Saison cards, bank transfers.
Clients with any inquiries or trading-related issues can get in touch with MONEX through the following contact channels:
Telephone: +81 0120-430-283
You can also follow MONEX on some popular social media platforms, such as Twitter, Facebook and Youtube.
Pros & Cons
|FSA-regulated||No clear Minimum deposit info|
|Diversified range of products & services||Average customer support|
|Multiple trading platform options|
|Various payment methods|
Frequently Asked Questions
Is MONEX regulated？
MONEX is authorized and regulated by the FSA in Japan under regulatory license number 1010001064546.
What trading instruments does MONEX offer？
Monex provides investors with products and services such as domestic stocks, US stocks, Chinese stocks, investment trusts, bonds, IPOs, stock lending services, ETFs, foreign exchange currency pairs, cryptocurrency CFDs, bonds, etc.
What is the minimum deposit amount required by MONEX ？
The minimum deposit amount to trade with Monex is unknown.
What trading platform does MONEX offer？
MONEX provides multiple trading platform options, including Monex Trader (Stocks & Futures), Monex Trader FX (Forex), Multiboard 500, Full Board Information Tool, Market Board, and Monex Vision.
Can I trade Forex pairs on the MONEX platform？
Yes, you can trade forex on the Monex platform.
|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 monex and jfd are, we first considered common fees for standard accounts. On monex, 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.
monex is regulated by FSA. 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.
monex 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.