Account Information and Specifications | Fees

What is the minimum deposit for a live account with JFD?

The minimum deposit is either 500 EUR (account in euro), 500 CHF (account in Swiss francs), 500 GBP (account in pound sterling), or 500 USD (account in US dollars). You can also make your initial payment into an account operated in euro in USD, for example. However, please note that you need the equivalent of 500 EUR in USD to be able to utilise the live account.

Does JFD offer different accounts for different investment volumes?

No. There is only one market and only one spread. Each trader is given the same market access with JFD. We believe that this is the most transparent option and that each trader deserves to get the best market access. Traders trading high volumes are able to get rebates on the commission payable. Rebates can be granted based on a proven volume traded.

Please send an email regarding this to support@jfdbrokers.com

Is there any commission due when trading via JFD and, if so, how much is it?

Yes, a commission is charged when trading via JFD. From our rates, you can see what spreads the market offers at the time (FX, stocks) or the spread we need for hedging ourselves in a particular reference market (CFDs on indices, commodities).

Does JFD permit scalping and automated trading?

Yes, we welcome scalping and automated trading regardless of your trading style. We allow the use of any Expert Advisor (automated trading system), except for our Physical Stock instruments.

What is the smallest order size?

The minimum order size in Forex trading is 0.01 lot or 1 microlot (1,000 units of base currency), and for CFDs on indices, and commodities 1 lot (= 1 CFD). The minimum order size for DMA equity CFDs is 1 lot (= 1 stock share). However, there is an exception on some instruments where the mini lot size (0.1 CFD) is enabled. For a complete overview of the lot sizes, please refer to our contract specifications.

What is Daily Currency Adjustment that is applied to Physical Stocks trading?

The Daily Currency Adjustment is a debit or credit balance operation that reflects current market fluctuations between the base currency of the account and the base currency of the traded physical stock. The currency fluctuation may have a positive or sometimes negative effect, depending on the FX rate movement and the base currency of the client’s account and the traded symbol.

How is the Daily Currency Adjustment calculated?

For EUR or GBP account base currency to USD Traded Symbol Base Currency

The Currency conversion scenarios calculation formulas are:

First roll after the trade is opened:

((Position volume * Open price of the traded symbol / FX Rate ask price at the current end of day) - (Position volume * Open Price of the traded symbol / FX Rate bid price at the moment of position opening))

Example: (52x48.6/1.07981) - (52x48.6/1.07934) = 2340.41-2341.43 = -1.02
Every other roll:

((Position volume * Open price of the traded symbol / FX Rate ask price at the current end of day) - (Position volume * Open price of the traded symbol / FX Rate bid price at the Previous day, end of day))

Example: (52x48.6/1.08446) - (52x48.6/1.07977) = 2330.38 - 2340.50 = -10.12
Intraday trades:

((Position volume * Open price / FX Rate ask price at the moment of position closing) - (Position volume * Open price / FX Rate bid price at the moment of position opening))

Example: (15x129.14/1.08415) - (15x129.14/1.08411) = 1786.74 - 1786.81 = -0.07
On Position Close:

((Position volume * Open price / FX Rate ask price at the moment of position closing) - (Position volume * Open price / FX Rate bid price at the Previous day, end of day))

Example: (20x94.02/1.08361) - (20x94.02/1.07986) = 1735.31 - 1741.33 = -6.02

For EUR account base currency to USD Traded Symbol Base Currency, the FX Pair needed for the conversion is EURUSD.

For GBP account base currency to USD Traded Symbol Base Currency, the FX Pair needed for the conversion is GBPUSD.

For USD, GBP or CHF account base currency to EUR or USD Traded Symbol Base Currency

The Currency conversion scenarios calculation formulas are:

First roll after the trade is opened:

((Position volume * Open price of the traded symbol * FX Rate bid price at the current end of day) - (Position volume * Open price of the traded symbol * FX Rate ask price at the moment of position opening))

Example: (100*48.14*1.07977) - (100*48.14*1.07608) = 17.76
Every other roll:

((Position volume * Open price of the traded symbol * FX Rate bid price at the current end of day) - (Position volume * Open price of the traded symbol * FX Rate ask price at the Previous day, end of day))

Example: (100*48.14*1.08444) - (100*48.14*1.07981) = 22.29
Intraday trades:

((Position volume * Open price * FX Rate bid price at the moment of position closing) - (Position volume * Open price * FX Rate ask price at the moment of position opening))

Example: (16x145.9x1.0837) - (16x145.9x1.08362) = 2529.79 - 2529.60 = 0.19
On Position Close:

((Position volume * Open price * FX Rate bid price at the moment of position closing) - (Position volume * Open price * FX Rate ask price at the Previous day, end of day))

Example: (1x90.01x1.05459) - (1x90.01x1.05412) = 94.92 - 94.88 = 0.04

For USD account base currency to EUR Traded Symbol Base Currency, the FX Pair needed for the conversion is EURUSD.

For GBP account base currency to EUR Traded Symbol Base Currency, the FX Pair needed for the conversion is EURGBP.

For CHF account base currency to USD Traded Symbol Base Currency, the FX Pair needed for the conversion is USDCHF.

For CHF account base currency to EUR Traded Symbol Base Currency, the FX Pair needed for the conversion is EURCHF.

How to read the information on the Balance Operation:

Explanation on First Roll	FX_CON_position ID_EOD FX rate at the current roll_FX rate at the moment of position opening
Explanation on Roll Transition	FX_CON_position ID_EOD FX rate at the current roll_EOD FX rate from the previous roll date
Explanation on Position Close	FX_CON_position ID_FX rate at the moment of the position closing_EOD FX rate from the last roll
Explanation on Position Intraday Close	FX_CON_position ID_FX rate at the moment of the position closing_FX rate at the moment of position opening
Example	FX_CON_15625485_1.09547_1.08458

How do I open a live account?

It’s fast and easy to open a live account with JFD. Fill in and complete the online Account Opening page, and upload any requested documents. You will receive an email informing you of the next steps, with a download link to our platforms. After you have confirmed your email, your details have been verified and you are registered, you will receive another email with the login credentials for your live account. Don’t forget that in order to trade live, you will first need to deposit funds (a minimum of 500 units) into your account.

How long does it take to open a live trading account?

It takes 1-2 working days to open a live account with JFD, if and once all necessary documents are provided by the client.

How do I open another trading account?

If you want to open an additional trading account with JFD, you need to fill out the request form located in My JFD.

What documents are needed to open a live account?

Before you are able to open a live account with JFD, we will request from you the following documents:

A copy of a valid international passport document (photo, personal data, signature, dates of issue and expiry, place of issue and serial number must be clearly legible).

A proof of address document, such as a utility bill, no longer than 6 months old. This is a statement of consumption, e.g. a bill for electricity, heating, water, or a credit card statement which clearly states your name and address on it.

Note: Other identity documents may be accepted or required, depending on your country of birth / home country. Our Customer Support will contact you if needed.

In which currencies can I open an account?

You can open accounts in Euros (EUR), Swiss Franc (CHF), Sterling Pound (GBP), and US Dollar (USD).

How do I open a demo account?

You can open your demo account at JFD by visiting our Account Opening page. You will then receive an email with a download link to our trading platforms. After installing it, you can start testing JFD’s unique trading conditions right away!

How safe is the online registration with JFD?

At JFD, our highest priority is client privacy. Therefore, we apply the certificate-based SSL encryption protocol - also used by banks – in our online registration forms.

Why did I not receive an email with the activation link?

As we communicate through a large number of emails, there is always a chance that the first email sent to you by JFD may accidentally be listed as spam by mailbox filters. If in any doubt, please check your Spam or Junk folder. If you do find our email in the Spam or Junk folder, please make sure to mark it as “Not Spam or Junk“ to prevent this issue from recurring.

Alternatively, please send an email to support@jfdbrokers.com, and our friendly Customer Support Team will be happy to help accordingly.

How can I pay money into my account?

You can pay funds by bank remittance (SEPA or non-SEPA) or by using JFD’s online payment solution providers - Nuvei, Payabl, Skrill, Neteller and SOFORT. Please note that we attach great importance to security. For that reason, we only accept payments from a bank account kept in the client's name. If you use bank remittance, this account must have been entered as reference account in the Online Account Opening Form.

JFD Brokers Details for funding your live account

Log into My JFD to fund your live account online

In which currencies can I deposit money to my live account?

Your JFD account can be opened in one of the following four currencies: (EUR, USD, GBP, CHF). However, you can make a deposit in any of the currencies offered by our payment providers to us. Please note that the currency in which you are making a deposit may be converted to the equivalent amount in the currency of your JFD account (EUR, USD, GBP, CHF).

Our online payment system supports the following currencies:

Nuvei

USD: US Dollar

EUR: Euro

CHF: Swiss Franc

GBP: British Pound

RUB: Russian Ruble

SEK: Swedish Krona

NOK: Norwegian Krone

INR: Indian Rupee

ILS: Israeli Shekel

AED: Arab Emirates Dirham

EGP: Egyptian Pound

Payabl.

We accept payments in the following currencies: all currencies are available

Skrill

EUR: Euro

USD: US Dollar

GBP: British Pound

HKD: Hong Kong Dollar

SGD: Singapore Dollar

JPY: Japanese Yen

CAD: Canadian Dollar

AUD: Australian Dollar

CHF: Swiss Franc

DKK: Danish Krone

SEK: Swedish Krona

NOK: Norwegian Krone

ILS: Israeli Shekel

MYR: Malaysian Ringgit

NZD: New Zealand Dollar

TRY: New Turkish Lira

AED: United Arab Emirates Dirham

MAD: Moroccan Dirham

QAR: Qatari Rial

SAR: Saudi Riyal

TWD: Taiwan Dollar

THB: Thailand Baht

CZK: Czech Koruna

HUF: Hungarian Forint

SKK: Slovakian Koruna

EEK: Estonian Kroon

BGN: Bulgarian Leva

PLN: Polish Zloty

ISK: Iceland Krona

INR: Indian Rupee

KRW: South-Korean Won

ZAR: South-African Rand

RON: Romanian Leu New

HRK: Croatian Kuna

LTL: Lithuanian Litas

JOD: Jordanian Dinar

OMR: Omani Rial

RSD: Serbian Dinar

TND: Tunisian Dinar

Neteller

EUR: Euro

USD: US Dollar

GBP: British Pound

CHF: Swiss Franc

AED: Arab Emirates Dirham

AUD: Australian Dollar

BGN: Bulgarian Leva

CAD: Canadian Dollar

DKK: Danish Krone

HUF: Hungarian Forint

INR: Indian Rupee

JPY: Japanese Yen

MAD: Moroccan Dirham

MYR: Malaysian Ringgit

NOK: Norwegian Krone

PLN: Polish Zloty

RON: Romanian Leu New

SEK: Swedish Krona

SGD: Singapore Dollar

TND: Tunisian Dinar

TWD: Taiwan Dollar

ZAR: South-African Rand

SOFORT

EUR: Euro

GBP: British Pound

How long does it take before the deposited money is credited to my live account?

If you deposit funds using JFD’s online payment solution, they will be credited to your live account within 24 hours on banking working days. In case you deposit funds using a wire transfer, it might take longer for the transaction to be completed depending on the terms and conditions of your local bank.

How can I withdraw money from my live account with JFD?

1. Bank remittance

It's quite simple to withdraw your funds using a bank wire transfer. Just login to My JFD and fill in the form in the Withdrawal section.

In order to protect all parties against the possibility of perpetration of any financial crime and comply with AML Directive DI144-2007-08 of 2012 of Cyprus Securities Exchange Commission and related EU regulations, JFD will only process withdrawals/refunds back to the source of the original deposit.

Please be informed that in the event that funds have been deposited by both an online payment solution and by bank wire, the funds deposited via the online solution will be processed first back to the original online source up to the total amount deposited through this method and then any remaining funds will be returned by bank wire transfer.

2. JFD's online payment solution

Please note that in order to withdraw funds using JFD’s online payment solution providers, Nuvei, Payabl., Skrill or SOFORT, please log in to MyJFD and make your selection in the Withdrawal section.

Nuvei:

Credit Standard: Payback on amount which equals or is less than the deposits made online. You will be charged 2.00 EUR/GBP/USD/CHF per transfer and the procedure takes around 2-3 days.

Credit Extra: Payback on amount which is higher than the deposits made online. You will be charged 2.00 units per transfer and the procedure takes around 3 - 10 days.

Please note that this will not apply if your country does not support the CFT program. Click here to find out if your card and country is supported. In this case, the extra amount will be transferred via bank transfer.

Payabl.:

You will be charged 2.00 EUR/1.70 GBP/2.00 USD/1.95 CHF per transfer.

Skrill:

You will be charged 1% of the withdrawal amount, to a maximum of 10 EUR / 11USD / 8 GBP / 11 CHF. Please note: there is no extra charge if a client wants to withdraw more than he has deposited.

Click here to see the different payment methods using Skrill.

Neteller:

You will be charged 2% of the withdrawal amount, to a maximum of 30 USD. Please note: there is no extra charge if you want to withdraw more than the deposited amount.

SOFORT:

Withdrawals will be processed as ordinary bank withdrawal requests.

How long does it take for my money to be paid out?

Please note that this information is only an indication and depends first and foremost on the banks involved in the transaction.

Withdrawals to a German bank will be credited to your account within 2 - 3 working days.

Withdrawals to a European bank usually require 3 - 5 working days to be credited.

Withdrawals to banks outside Europe usually need 4 - 7 working days before they are credited to your account.

Withdrawals using Nuvei's Standard Credit (for withdrawals which are equal or less than your initial online deposit) will be credited within 2 -3 working days.

Withdrawals using Nuvei's Extra Credit (for withdrawals which are higher than your initial online deposit) will be credited within 3-10 working days.

Withdrawals using Payabl. Refund will be credited to your account 3-5 working days, Payabl. payouts are instant for VISA. Master card payouts will be available soon.

Withdrawals using online payment provider Skrill/Neteller will be credited within 24h from receiving the withdrawal request on banking working days.

Withdrawals using online payment provider SOFORT will be credited within 1-3 business working days from receiving the withdrawal request.

Are there any charges for wire transfer incoming payments and withdrawals?

For more information, please check out our Payment Methods.

I would like to use your online payment solutions. How can I do this?

Each client who has a live trading account with JFD can use our online payment solutions for safe and quick depositing of funds. To get started, login to My JFD,click on the Deposit section and make your selection. You will be redirected to the payment provider. For Skrill/Neteller, enter your credentials or register if you haven’t already done so (please use the same email address as your JFD account).

For SOFORT, select your country and with the help of the bank's sort code, choose the bank that will carry out the transfer. You will enter the login section of our secure payment form, where you can log in with your own online banking login details. The information will be sent to your bank in an encrypted form. You will be asked for a confirmation code. Each confirmation code can be used only once and for your security cannot be entered a second time. You will then receive a summary of your SOFORT transfer.

Which online payment options are available to fund my account?

For Nuvei, we accept credit cards (VISA debit/credit, Maestro, and MasterCard).

For Payabl., we accept credit cards (VISA debit/credit and MasterCard).

For Skrill, please click here to view our different payment methods.

For SOFORT, click here to see which countries are available for instant online banking transfers.

Germany
Austria
Switzerland
UK
Italy
Spain
The Netherlands
Slovakia
Hungary
Czech Republic

I do not remember my password. How can I get a new one?

If you forgot the password for My JFD, please press on Forgot your password? and follow the further steps received by email.

If you have forgotten the password for your trading account, please send a request to support@jfdbrokers.com

What is the minimum deposit I can transfer online?

There is a minimum initial deposit of 500 units in the base currency of your JFD account. Please note that the minimum required amount for a single transfer processed by Skrill, NETELLER, Nuvei or Payabl. is 5.00 EUR/USD/GBP/CHF.

What is the maximum deposit I can transfer online?

For Nuvei (Visa, Maestro or Master Card), the maximum deposit is 10,000 units per day. You cannot make more than 5 deposits per hour and more than 8 deposits per day.

For Payabl. (Visa, Maestro or Master Card), the maximum deposit is 50 000 EUR per month per card or email. You cannot make more than 100 transactions per month per card or registered email.

For customers who are verified by Skrill, they can deposit unlimited amounts from their Skrill balance as well as by credit/debit card via the Skrill gateway. Non-verified customers are subject to a deposit limit of approximately 2,500 EUR per annum (depending on the country).

For SOFORT, the maximum deposit is 50,000.00 EUR per day or 15,000.00 GBP per day -TBC

Verified Neteller customers can deposit up to 10,000.00 EUR per transaction if no lower limits apply to their accounts. Non-verified Neteller customers have a deposit limit in the range of 1,800.00-3,000.00 EUR per annum that varies depending on their risk profile and country.

How safe is the online payment?

Nuvei is Level 1 certified by the Payment Card Industry Data Security Standards (PCI DSS). PCI security standards are operational requirements set by the Payment Card Industry Data Security Standards Council in order to protect card holder data. These standards govern all merchants and organisations that store, process, or transmit this data.

Payabl. is a Regulated Payments Institution specializing in Acquiring, Issuing and Mobile Payments with a license granted by the Central Bank of Cyprus, that provides online merchants with reliable and effective acquiring solutions with PCI-DSS Level 1 certified gateway.

Skrill was the first licensed e-money issuer in the UK and is authorised by the Financial Conduct Authority (FCA). The information which is transmitted is encrypted to the highest standards of the Payment Card Industry Data Security Standards (PCI-DSS Level 1), so your data is unreadable even if someone tries to intercept it.

NETELLER is one of the most trusted online payment systems in the world and is authorized by the Financial Conduct Authority (FCA).The information which is transmitted is encrypted to the highest standards of the Payment Card Industry Data Security Standards (PCI-DSS Level 1), so your data is unreadable even if someone tries to intercept it.

SOFORT is one of the safest payment methods online. The entry of your online banking details and confirmation code occurs entirely in the secure payment form of SOFORT GmbH, where the merchant has no access. Sensitive information (like confidential login details and confirmation codes) is not stored. SOFORT GmbH possesses the TÜV seal “Approved Data Protection” and SOFORT has the certificate “Approved Payment System” awarded by TÜV Saarland.

What fees will I be charged when using the online payment solutions?

Please find below detailed information regarding the fees you will be charged for online deposits and withdrawals: here

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