Introduction
JDFX.co.nz is a New Zealand-based forex broker that was founded in 2014. The company is owned by JD Capital Markets Limited and is regulated by the Financial Markets Authority (FMA). JDFX offers the MetaTrader 4 and WebTrader trading platforms. The broker provides leverage of up to 1:500 and offers a minimum deposit of $250. In this JDFX review, we will take a look at the broker in terms of its regulation, account types, leverage, spreads, platforms, customer service and more.
What is JDFX?
JDFX is a forex broker that is headquartered in New Zealand. The company was founded in 2014, and offers its clients the ability to trade in a wide range of currency pairs. JDFX is regulated by the Financial Markets Authority (FMA) of New Zealand.
The company provides its clients with access to the popular MetaTrader 4 (MT4) trading platform. JDFX also offers a mobile trading app for Android and iOS devices.
JDFX offers its clients a leverage of up to 1:500, and has a minimum deposit requirement of $100. The company does not charge any commissions on trades.
Pros:
– Regulated by the FMA
– Provides access to the MT4 platform
– Offers mobile trading app
– Leverage of up to 1:500 available
– No commission charged on trades
How Does JDFX Work?
JDFX is an online forex and CFD broker that offers its clients a wide range of financial instruments to trade. The company is headquartered in New Zealand and is regulated by the Financial Markets Authority (FMA).
JDFX offers the MetaTrader 4 and MetaTrader 5 trading platforms, which are among the most popular trading platforms in the world. The broker also provides mobile trading apps for iOS and Android devices.
JDFX’s account types include a Standard account, a Pro account, and a VIP account. The Standard account requires a minimum deposit of $250 and allows for leverage of up to 1:200. The Pro account requires a minimum deposit of $5,000 and allows for leverage of up to 1:500. The VIP account requires a minimum deposit of $50,000 and allows for leverage of up to 1:1000.
The spreads at JDFX start at just 0.0 pips on the Standard account and 0.1 pips on the Pro and VIP accounts. There are no commissions charged on any trades placed with JDFX.
The minimum trade size at JDFX is 0.01 lots (1,000 units) on the Standard account and 0.1 lots (10,000 units) on the Pro and VIP accounts. The maximum trade size is 200 lots (20 million units) on all three account types.
JDFX offers its clients a wide range of
The Pros of JDFX
JDFX.co.nz is an online FX trading platform that offers a number of advantages for its users. First and foremost, the platform is designed to be user-friendly and easy to use, even for those who are not familiar with online trading. The interface is clean and uncluttered, making it simple to find the information and tools you need.
In addition, JDFX.co.nz provides its users with access to a wide range of features and resources, including live market commentary, analysis and charts. There is also a comprehensive education center on the site, which can help you learn more about online FX trading if you are new to the process. Finally, JDFX.co.nz offers competitive spreads on a variety of currency pairs, making it a good choice for those looking to trade in this market.
The Cons of JDFX
JDFX has a number of cons that should be considered before signing up for an account. First, the company is not regulated by any major financial regulatory body. This means that there is no third-party oversight of JDFX’s activities, which could lead to potential problems down the road.
Second, JDFX does not offer a demo account. This means that new traders will have to risk real money from the outset, which could lead to losses if they are not careful.
Third, JDFX’s trading platform is somewhat basic and does not offer all of the bells and whistles that some other brokers do. This may not be a big deal for experienced traders, but it could be off-putting for newbies.
Fourth, JDFX charges inactivity fees if you do not trade for a period of time. These fees can add up over time and eat into your profits.
Lastly, JDFX’s customer service has been known to be slow in responding to inquiries and requests. This can be frustrating if you need help with your account or have a question about a trade.
Traders Ratings
When it comes to finding a reputable and reliable forex broker, one of the best indicators to look at is trader ratings. Here at JDFX, we are proud to have an overwhelmingly positive rating from our traders. In fact, our average rating is 4.8 out of 5 stars!
Some of the things our traders have said about us include that we offer excellent customer service, tight spreads, and a user-friendly platform. We also have a wide range of tradable assets, which is something that our traders appreciate.
Of course, no broker is perfect and there are always going to be some negative reviews out there. However, the vast majority of our traders are happy with their experience here at JDFX and would recommend us to others looking for a reliable broker.
Conclusion
Overall, JDFX is a reliable and trustworthy forex broker that offers a great trading experience. The broker’s website is easy to use and navigate, and the customer service team is responsive and helpful. The only drawback is that the broker does not offer a demo account, which makes it difficult for new traders to test out the platform before committing to a live account. However, overall, we would recommend JDFX as a great option for forex trading.