JFD Brokers, a Cyprus-regulated forex and CFD broker, announced it is reducing its commissions on its forex and CFD portfolio.
The new, lower, commissions come into effect from September 1, 2016 and promise reducing trading costs for JFD Brokers’ clients by up to 60%.
According to the company statement, the new commissions on CFDs would be up to 60% lower (depending on the base currency of the trading account) and would be 0.10 USD/CHF/EUR/GBP per 1 CFD per side. The new commissions are not applicable to Single Stocks and ETFs.
The commissions on forex trades would be between 17 and 25% lower. They would be 3 USD/CHF per 1 lot per side, 2.75 EUR or 2.50 GBP.
JFD Brokers has also adjusted the commissions on the Gold pairs (XAUUSD and XAUUSD.mini) for USD, EUR and CHF account base currencies to correspond with its forex rates (with XAUUSD being ten times lower).
JFD Brokers is based in Cyprus and is regulated by the local authority – the Cyprus Securities and Exchange Commission. It is also registered in Germany, the UK and France and complies with the MiFID EU directive.
The broker requires a minimum deposit of $500. Trading is done on MetaTrader 4, with a maximum leverage of 1:400. The broker offers trading in forex, CFDs, indices, precious metals, commodities and bonds.