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ANSWER JFD Trade has been red-flagged by more than one financial regulatory bodies and thus it is highly risky to deal with this fraudster. We strongly suggest you avoid it.Both the Cyprus Securities and Exchange Commission (CySEC) and the Italian Companies and Exchange Commission (CONSOB) have issued warnings against JFD Trade, denying the scammer's claim that it is regulated by them. You may refer here for CySEC warning, and view here fore CONSOB warning.Furthermore, the website of JFD Trade is down, suggesting issues with this broker's resource and reliability.As such, BrokersView has come to the conclusion that JFD Trade is a scam. If dealing with this platform, investors are not protected by rules from fraud or identity theft. Therefore, it is advisable to steer clear of unlicensed brokers like JFD Trade and choose a fully regulated one.

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Risk Warning:

FX trading is of high risk and may not be suitable for all investors. Leverage will create additional risks and loss. Before trading, please carefully consider your investment objectives, experience level and risk tolerance. You may lose part or all of your initial investment; do not invest money that you cannot afford. Educate yourself about the risks associated with FX trading. If you have any questions, please consult an independent financial or tax advisor. Any data and information are provided "as is" and only for information purpose, not for trading or recommendations. Past performance does not predict future results.

Disclaimer:

The data contained in this website may not be real-time and accurate. The data and prices on this site are not necessarily provided by the market or exchange, but may be provided by market makers, so prices may be inaccurate and differ from actual market prices. Namely, this price is indicative price only to reflect market trend, and is unfavorable for trading purpose. The provider of the data contained in the Website shall not be liable for any loss incurred by you as a result of your trading activities or reliance on the information contained in the Website.