logo |

Brokers

About WikiFX

    JFD Bank

    5-10 years
    |
    Regulated in Cyprus
    |
    Straight Through Processing(STP)
    |
    Non MT4/5 Software

    Rating

    0 1 2 3 4 5 6 7 8 9
    .
    0 1 2 3 4 5 6 7 8 9
    0 1 2 3 4 5 6 7 8 9

     /10

    The WikiFX Score of this broker is reduced because of too many complaints! The WikiFX Score of this broker is reduced because of too many complaints! The WikiFX Score of this broker is reduced because of too many complaints!

    License Index

    5.5

    Business Index

    7.95

    Risk Management Index

    0.0

    Software Index

    4.95

    Regulatory Index

    5.47

    Licenses

    Cyprus Securities and Exchange Commission

    Straight Through Processing(STP)

    CYSEC Regulated

    Vanuatu Financial Services Commission

    Retail Forex License

    VFSC Offshore Regulatory

    Federal Financial Supervisory Authority

    Common Financial Service License

    BaFin Exceeded

    Overview

    • Company Name:

      JFD Group
    • Company Abbreviation:

      JFD Bank
    • Place of registration:

      JFD BankCyprus
    • Regulatory Status:

      Regulated
    • Customer Service Email Address:

      support@jfdbank.com
    • Customer Service Phone Number:

      +49 (0) 69175374271
    • Company summary

      JFD Bank is owned by JFD Brokers Ltd, a brokerage firm based in Cyprus, which is part of the JFD Group, which holds a straight-through license authorized by the Cyprus Securities and Exchange Commission (license number: 150/11). The Vanuatu branch, JDF Overseas Ltd, is regulated by the Vanuatu Financial Services Commission (license number: 17933). About More
    Pyramid scheme complaint

    WikiFX APP!

    Global Forex Broker Regulatory Inquiry APP!

    WikiFX Risk Alerts

    Previous Detection: 2021.04.12 Risk: 4 Item

    • The number of the complaints received by WikiFX have reached 12 for this broker in the past 3 months, please be aware of the risk and the potential scam!
    • This broker exceeds the business scope regulated by Germany BaFin(license number: 120056)BaFin Non-Forex Licence Non-Forex License, please be aware of the risk!
    • The VanuatuVFSC regulatory with license number: 17933 is an offshore regulatory, please be aware of the risk!
    • Current data shows that this broker is using Non MT4/5 Software
    WikiFX Verification WikiResearch
    • Exhibition Area

    • Survey

    • MT4/5

    • Website

    • Genealogy

    • Clones

    • Keywords

    • Time Machine

    • Score

    • Delivery Index

    • Market Analysis

    • Material Delivery

    • Brand Launch

    • Search Source

    • Language

    Last Updated Time 2021-04
    Cyprus Securities and Exchange Commission

    Cyprus Securities and Exchange Commission (CYSEC)

    The Cyprus Securities and Exchange Commission (CySEC) was established in accordance with section 5 of the Securities and Exchange Commission (Establishment and Responsibilities) Law of 2001 as a public legal entity. It is an independent public supervisory Authority responsible for the supervision of the investment services market, transactions in transferable securities carried out in the Republic of Cyprus and the collective investment and asset management sector. It also supervises the firms offering administrative services which do not fall under the supervision of ICPAC and the Cyprus Bar Association.

    • Licensed Institution :

      JFD Group Ltd

      Effective Date :

      2011-08-05
    • Email Address of Licensed Institution :

      legal@jfdbrokers.com

      License Type:

      Sharing JFD
    • Website of Licensed Institution :

      www.jfdbrokers.com,www.jfdprime.com,www.jfdwealth.com,www.jfdchange.com,www.jfdchina.com,www.jfdpartners.com,www.jfdbank.com

      Expiry Date :

      --
    • Address of Licensed Institution :

      70, Kyrillou Loukareos Street, Kakos Premier Tower, 2nd Floor CY-4156 Limassol

      Phone Number of Licensed Institution :

      +357 25 878 530
    • Licensed Institution Certified Documents :

      JFD Group cysec20200702更新 View Certified Documents JFD CYSEC牌照 View Certified Documents JFD-CySEC交易商监管信息表-查询结果 View Certified Documents 15011 牌照信息190130 View Certified Documents JFD Group LtdCYSEC 牌照详情新20190802.jpg View Certified Documents
    Vanuatu Financial Services Commission

    Vanuatu Financial Services Commission (VFSC)

    The Vanuatu Financial Services Commission (VFSC) was formally established in December 1993, after the Vanuatu Parliament enacted the Vanuatu Financial Services Commission Act No. 35 of 1993. Previous to this, the VFSC was the Registrar of Companies and the Official Receivership Department of the Treasury since 1971 under the then, British Administration and after independence in July 1980, the Ministry of Finance and Economic Management. The VFSC has set up four departments, namely Corporate Services, Legal Enforcement & Insolvency, Supervision and Registration.

    • Licensed Institution :

      JFD Oversea Ltd

      Effective Date :

      2018-01-16
    • Email Address of Licensed Institution :

      --

      License Type:

      No Sharing
    • Website of Licensed Institution :

      --

      Expiry Date :

      --
    • Address of Licensed Institution :

      --

      Phone Number of Licensed Institution :

      --
    • Licensed Institution Certified Documents :

      JFD VFSC监管2020.11.06 View Certified Documents JFD Overseas Ltd VFSC 监管信息 View Certified Documents
    Federal Financial Supervisory Authority

    Federal Financial Supervisory Authority (BaFin)

    Prior to 2002, in Germany the regulation of the financial industry was undertaken by three separate agencies. In May 2002 BaFin was formed, following the passing of the Financial Services and Integration Act. The aim of the Act and the merging of the three agencies was to create one integrated financial regulator that would be able to cover all financial markets. The agencies that merged together were the Federal Banking Supervisory Office, the Federal Supervisory Office for Securities Trading, and the Federal Insurance Supervisory Office.BaFin was given further responsibility following the passing of the Banking Act in 2003 with the aim of increasing customer protection and improving the reputation of the German financial system. The extra powers included monitoring the credit-worthiness of financial institutions and collecting detailed information about them. This particular area of responsibility was shared with the Bundesbank. Currently, BaFin is experiencing a kind of transition, as the responsibility for banking supervision is being taken over by the European Central Bank.

    • Licensed Institution :

      JFD Bank AG

      Effective Date :

      --
    • Email Address of Licensed Institution :

      --

      License Type:

      No Sharing
    • Website of Licensed Institution :

      --

      Expiry Date :

      --
    • Address of Licensed Institution :

      Keplerstraße 6 71636 Ludwigsburg, Württ Deutschland

      Phone Number of Licensed Institution :

      --
    • Licensed Institution Certified Documents :

      JFD BaFin 监管2020.11.06 View Certified Documents JDF Bank AG BaFin 监管信息 View Certified Documents
    JFD Bank · MT4/5

    Identification Result

      JFD Bank · Website

      Most visited countries/areas

          No content

          No data

          Load failure

          Load failure

          JFD Bank· Genealogy
          JFD Bank · Clones
          JFD Bank · Market Analysis

          The data are from WIKI Research    2021.04.12 updated

          WikiFX prompts you

          This broker's score is relatively low.

          Please choose wisely! Please avoid unnecessary loss

          Continue
          JFD Bank · Survey×

          Special Note

          ×
          JFD Bank

          1.pngWikiFX only provides the legal URL of the platform published by the regulatory website.

          1.pngWikiFX will not disclose your personal information to third parties.

          1.pngIn order to prevent users from being spoofed by phishing websites, fake URLs or domain name hijackings, WikiFX doesnt provide the content though this app.

          1.pngThe use of any service by the client through the official website access channel provided by WikiFX is a personal behavior. Please ensure that you have undergone sufficient preparation and risk management before use.

          根據香港證券及期貨事務監察委員會的規定

          為確保您查看資訊及時性和準確性,我們將為您跳轉到相關的監管資訊頁面

          Alternate Text

          Data Sources WikiResearch 2021.04.12 Update

          数据样本不足

          Data Sources WikiResearch 2021.04.12 Update

          JFD Bank · Chart
          Date

          Insufficient data samples

          Rank by user activity which is calculated by the number of customers with trading operations of the broker within the stat period
          Data provided by VPS
          富拓 · 外链汇总

          Insufficient data samples,Browsing is not supported temporarily

          Alternate Text

          Data Sources WikiResearch 2021.04.12 Update

          WikiFX·pyramid scheme complaint
          1  Know about pyramid scheme  >
          2  Pyramid scheme complaint   >
          3  Done
          1. What is pyramid scheme complaint?
          With the continuous development of the forex market, more and more Ponzi schemes have poured in, and global investors have suffered greatly. WikiFX has set up a complaint channel in order to ensure the funds security and prevent more scams. We sincerely invite foreign exchange investors to report such fraud platforms and jointly purify the market environment!
          2. 10 Features of Pyramid Scheme
          High Profit Promised Level Marketing Required Multi-level Marketing False Advertising Master Trader Awarded "Datuk" Brainwashing-style training Fake Regulation Copycat of other platforms Marketing & PR campaigns
          Report immediately
          Report This Platform
          JFD Bank
          * Contact number
          0086
          *Enter your phone number
          *Reporting Reasons

          *Enter your reason
          Related Photos
          Confirm to Submit

          Submit successfully!

          You can check the real-time processing progress in "User Center-My Release-Ponzi Scheme"

          Confirm
          JFD Bank · Company summary

            General Information & Regulation of JFD Bank

            JFD Bank is owned by JFD Brokers Ltd, a brokerage firm based in Cyprus, which is part of the JFD Group, which holds a straight-through license authorized by the Cyprus Securities and Exchange Commission (license number: 150/11). The Vanuatu branch, JDF Overseas Ltd, is regulated by the Vanuatu Financial Services Commission (license number: 17933).

            Safety Analysis of JFD Bank

            JFD Bank has a highly regulated license with CySEC in Cyprus, which means that the safety of investors' funds and trading activities on the platform are somewhat protected compared to those brokers who are regulated offshore or not regulated at all. However, recently, the platform has had a high number of customer complaints and a large number of negative reviews. The presence of a license is a hard indicator of safety, but investors should also consider other aspects such as minimum deposit, transaction costs, withdrawal efficiency and fees, and customer reviews to make a comprehensive consideration.

            Market Instruments

            JFD Bank offers investors access to popular financial instruments, mainly over 60 currency pairs, as well as CFDs on commodities, precious metals, 15 indices, bonds, ETFs, and stocks.

            Accounts & Leverage of JFD Bank

            JFD Bank offers a standard account type for investors only, with a minimum initial deposit of $500 and maximum trading leverage of 1:30.

            Spreads & Commissions of JFD Bank

            After testing the demo accounts on the JFD Bank platform, we know that the spread on EURUSD is extremely low, only 0.4 pips, equivalent to the raw spread. Moreover, JFD Bank charges a commission of 3 USD per lot per side. Overall, the cost of trading on the JFD Bank platform is reasonable.

            Trading Platform Available of JFD Bank

            JFD Bank offers traders two of the most popular trading platforms on the market today, and MT4 trading platform and the MT5 trading platform. MT4 is the most popular forex trading platform on the market today, with powerful charting tools, a large number of custom indicators, support for EA, and automated trading. MT5 is the latest generation of MT4 and has all the positive features of MT4, but it is understood that MT5 is slightly less stable than MT4 in terms of performance. Traders have the flexibility to choose according to their needs.

            Deposit and withdrawal of JFD Bank

            JFD Bank supports traders to access their investment accounts via VISA, MasterCard, wire transfer, SOFORT, and a range of e-wallets such as Skrill, WireCard, SafeCharge, GiroPay, iDeal, ePay, etc.

            Pros & Cons of JFD Bank

            The main advantages of JFD Bank are:

            1. CySEC Regulation

            2. A wide range of tradable assets

            3. Two trading platforms, MT4 & MT5

            4. Low spreads & more reasonable transaction costs

            5. Multiple deposits and withdrawal methods

            The main disadvantages of JFD Bank are:

            1. One type of account only

            2. High initial deposit requirements

            3. More negative reviews & customer complaints


          Risk Warning

          The Database of WikiFX comes from the official regulatory authorities , such as the FCA, ASIC, etc. The published content is also based on fairness, objectivity and fact. WikiFX doesn't ask for PR fees, advertising fees, ranking fees, data cleaning fees and other illogical fees. WikiFX will do its utmost to maintain the consistency and synchronization of database with authoritative data sources such as regulatory authorities, but does not guarantee the data to be up to date consistently.

          Given the complexity of forex industry, some brokers are issued legal licenses by cheating regulation institutes. If the data published by WikiFX are not in accordance with the fact, please click "Complaints "and "Correction" to inform us. We will check immediately and release the results.

          Foreign exchange, precious metals and over-the-counter (OTC) contracts are leveraged products, which have high risks and may lead to losses of your investment principal. Please invest rationally.

          Special Note, the content of the Wikifx site is for information purposes only and should not be construed as investment advice. The Forex broker is chosen by the client. The client understands and takes into account all risks arising with Forex trading is not relevant with WikiFX, the client should bear full responsibility for their consequences.