JFD Brokers sets an example on how EU-regulated brokers can protect client interests.
JFD Brokers has been around for some time now, but the company has largely remained under the radar because of its much less than aggressive marketing. The firm has been quietly building up trust and attracting a substantial following in some EU countries via its unique offering.
The brokerage is executing client trades via a full straight-through processing (STP) MetaTrader 4+ custom solution.
[gptAdvertisement]
Recently the company revamped its offering by adding negative balance protection and cutting default leverage to 1:50. JFD Brokers thereby over-delivered on the requirements which its regulator, the Cyprus Securities and Exchange Commission (CySEC), outlined.
Earlier this month the company launched a redesigned website to outline the latest changes and commit to further expansion.
Transparency Efforts
JFD Brokers has committed to ensuring that its clients are receiving true-STP execution. The company is offering that every client sees the details of every order as it is executed through the platforms components.
“JFD’s unique report, provided to any customer upon request, clearly displays the structure of the entire execution process (extracts from server log files and tickets), Liquidity aggregators / providers (executing counter-parties), the exact time of order matching and execution, the speed of order matching and execution, real slippage (positive or negative), and execution price,” highlights the company’s CEO Lars Gottwick.
A Good Example in Difficult Times for the Industry
The commitment of JFD Brokers to over-deliver to its clients services that are not required by its regulator per se is the most sound way for the industry to tackle increased regulatory pressure. But the regulators also need to play their part in clearing the industry from brokers that are employing practices that are harming the interests of clients.
JFD Brokers is licensed exclusively as a ‘matched principal’ broker. Under the terms of its operating license, the company is not allowed to place trades against its clients and doesn't have the authorization to act as a market maker.
Gottwick explains why the company has undertaken the effort: “As a trader, it is important to know your rights, and you have the right to know how and by whom your orders are executed. Unless your broker is hiding something, there is no reason why they should not be able to disclose such information.”
“If you request it and are denied, then you can consider it an alert that your broker is trading against you, and that you may be exposed to bad practices like stop hunting, forced slippage, delayed execution and re-quoting. This is why post-trade transparency is so important; a fully transparent broker will earn only from commissions charged on the traded volume, not from a trader’s losses,” the broker’s CEO concludes.
JFD Brokers has been around for some time now, but the company has largely remained under the radar because of its much less than aggressive marketing. The firm has been quietly building up trust and attracting a substantial following in some EU countries via its unique offering.
The brokerage is executing client trades via a full straight-through processing (STP) MetaTrader 4+ custom solution.
[gptAdvertisement]
Recently the company revamped its offering by adding negative balance protection and cutting default leverage to 1:50. JFD Brokers thereby over-delivered on the requirements which its regulator, the Cyprus Securities and Exchange Commission (CySEC), outlined.
Earlier this month the company launched a redesigned website to outline the latest changes and commit to further expansion.
Transparency Efforts
JFD Brokers has committed to ensuring that its clients are receiving true-STP execution. The company is offering that every client sees the details of every order as it is executed through the platforms components.
“JFD’s unique report, provided to any customer upon request, clearly displays the structure of the entire execution process (extracts from server log files and tickets), Liquidity aggregators / providers (executing counter-parties), the exact time of order matching and execution, the speed of order matching and execution, real slippage (positive or negative), and execution price,” highlights the company’s CEO Lars Gottwick.
A Good Example in Difficult Times for the Industry
The commitment of JFD Brokers to over-deliver to its clients services that are not required by its regulator per se is the most sound way for the industry to tackle increased regulatory pressure. But the regulators also need to play their part in clearing the industry from brokers that are employing practices that are harming the interests of clients.
JFD Brokers is licensed exclusively as a ‘matched principal’ broker. Under the terms of its operating license, the company is not allowed to place trades against its clients and doesn't have the authorization to act as a market maker.
Gottwick explains why the company has undertaken the effort: “As a trader, it is important to know your rights, and you have the right to know how and by whom your orders are executed. Unless your broker is hiding something, there is no reason why they should not be able to disclose such information.”
“If you request it and are denied, then you can consider it an alert that your broker is trading against you, and that you may be exposed to bad practices like stop hunting, forced slippage, delayed execution and re-quoting. This is why post-trade transparency is so important; a fully transparent broker will earn only from commissions charged on the traded volume, not from a trader’s losses,” the broker’s CEO concludes.
58% of UK Investors Choose Professional Guidance over 'Finfluencers’
Network, Learn, Grow | FMAS:24
Network, Learn, Grow | FMAS:24
Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
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Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
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Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
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Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
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Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
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