Score
New Zealand
|
5-10 years
| https://jdfx.co.nz
Website
Rating Index
MT4/5
White Label
JDCapitalFinancialGroup-Asia
Influence
D
Influence index NO.1
Indonesia 2.61
MT4/5 Identification
White Label
United KingdomInfluence
D
Influence index NO.1
Indonesia 2.61
LicensesLicensed Entity：JD Capital Financial Group Limited
License No. 302606
New Zealand
Formal full license MT4/5 traders will have sound system services and follow-up technical support. Generally, their business and technology are relatively mature and their risk control capabilities are strong
jdfx.co.nz Australia| JDFXReview Summary | |
| Founded | 2013-06-13 |
| Registered Country/Region | New Zealand |
| Regulation | Exceeded |
| Market Instruments | Currency pairs/Precious metals/Crude oils/Indices/CFDs |
| Demo Account | ✅ |
| Leverage | Up to 1:400 |
| Spread | From 0.0 |
| Trading Platform | MT4(PC(Windows)/Mobile(iOS/Android)) |
| Min Deposit | $0 |
| Customer Support | Phone: +64 9 973 2060 |
| Web message | |
| WhatsApp/Telegram/Facebook/Instagram/Twitter/Messenger | |
JDFX is a brokerthat provides innovative online financial products and services. The tradable instruments include 46 currency pairs, precious metals, crude oils, Indices, and CFDs. The broker also provides three accounts with a maximum leverage of 1:400, including gold, diamond, and platinum. The minimum spread is from 0.0 pips and the minimum deposit is $0. JDFX is still risky due to its exceeded status.
| Pros | Cons |
| Leverage up to 1:400 | Exceeded |
| MT4 available | No 24/7 customer support |
| Spread as low as 0.0 | |
| Demo account available | |
| Various tradable instruments |
JDFX is regulatedby the Financial Service Providers Register with license number 302606, but the current status is exceeded.
JDFX offers 46 currency pairs, precious metals, crude oils, Indices, and CFDs.
| Tradable Instruments | Supported |
| Crude oils | ✔ |
| Indices | ✔ |
| CFDs | ✔ |
| Currency pairs | ✔ |
| Precious Metals | ✔ |
| Commodities | ❌ |
| Forex | ❌ |
| Stocks | ❌ |
| Shares | ❌ |
| ETFs | ❌ |
| Bonds | ❌ |
| Mutual Funds | ❌ |
JDFX has three account types: gold, diamond, and platinum. Traders who want low leverage can choose a platinum account, while those with a sufficient budget can open a gold account. In addition, the demo account is predominantly used for familiarizing traders with the trading platform and for educational purposes only.
| Account Type | Gold | Diamond | Platinum |
| Minimum Deposit | $0 | $500 | $100000 |
| Spreads | From 0.0 | From 0.0 | From 0.0 |
| Max leverage | 1:400 | 1:400 | 1:100 |
| Minimum Lots | 0.01 | 0.01 | 0.01 |
| Commission USD | $10 per lot | $7 per lot | $4 per lot |
The minimum spread is 0.0, the commission is from $4 per lor. The lower the spread, the faster the liquidity.
The maximum leverage is 1:400 meaning that profits and losses are magnified 400 times.
JDFX cooperates with the authoritative MT4 trading platform available on PC(Windows)and mobile(iOS and Android) to trade. Junior traders prefer MT4 over MT5. MT4 not only provides various trading strategies but also implements EA systems.
| Trading Platform | Supported | Available Devices | Suitable for |
| MT4 | ✔ | PC(Windows)/Mobile(iOS/Android) | Junior traders |
The minimum deposit is $0. JDFX accepts Local Bank Wire, International Bank Wire, Visa, and MasterCard for deposit and withdrawal. The Withdrawal process time is 1-2 business days as well as 3-5 business days for the funds to traders' accounts. The fees are from 0.
| Deposit Methods | Deposit Time | Min Deposit | Fees |
| Local Bank Wire | 1business day | - | Free |
| International Bank Wire | 1-2 business day | $100 | Bank fees |
| Visa/ MasterCard | Instant | $50 | Free |
| Withdrawal Methods | Withdrawal Time | Min Withdrawal | Fees |
| Local Bank Wire | 1-2 business days | - | Free |
| International Bank Wire | 3-5 business days | - | From $35+ |
| Visa/ MasterCard | 1-2 business days | $50 | 4.5% |
JDFX's "Exceeded" regulation status raises concerns about its safety. As it no longer complies with necessary regulations, I would personally be cautious about trading on this platform due to potential risks to my funds.
Yes, JDFX charges commission on trades. The Gold account has a $10 commission per lot, while the Diamond and Platinum accounts have commissions of $7 and $4 per lot, respectively. These fees are typical for brokers with tight spreads.
JDFX offers a wide range of trading instruments, including 46 currency pairs, precious metals, crude oils, indices, and CFDs. However, I find that commodities and stocks are not available on the platform, which may limit my trading options.
The main drawback I see with JDFX is its "Exceeded" regulation status. This means the platform doesn't currently comply with active regulatory requirements, which could be a risk factor for traders.
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