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JFD Trade

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Operating status: SCAM

Website: http://jfdtrade.net/

Broker violations and abnormal records
  • 2023-06-21 The CySEC added JFD Trade to its warning list

    On June 22, 2023, the Cyprus Securities and Exchange Commission (CySEC) added JFD Trade to its warning list, stating it does not belong to an entity which has been granted an authorization for the provision of investment services and/or the performance of investment activities: https://www.cysec.gov.cy/CMSPages/GetFile.aspx?guid=674cc20c-98ee-459e-8c71-8938ac092fab

    On June 22, 2023, the Cyprus Securities and Exchange Commission (CySEC) added JFD Trade to its warning list, stating it does not belong to an entity which has been granted an authorization for the provision of investment services and/or the performance of investment activities: https://www.cysec.gov.cy/CMSPages/GetFile.aspx?guid=674cc20c-98ee-459e-8c71-8938ac092fab
  • 2023-06-27 BrokersView has reviewed that JFD Trade is an unregulated broker

    JFD Trade claims to be regulated by the Italian Companies and Exchange Commission (CONSOB) and the Cyprus Securities and Exchange Commission (CySEC). However, our investigation about this broker reveals that it neither registered with the CONSOB nor with the CySEC. Additionally, the CySEC has added JFD Trade to its warning list.

    In essence, JFD Trade is not regulated by any governing body. Entrusting this broker with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds. It is unequivocally a scam.

    JFD Trade claims to be regulated by the Italian Companies and Exchange Commission (CONSOB) and the Cyprus Securities and Exchange Commission (CySEC). However, our investigation about this broker reveals that it neither registered with the CONSOB nor with the CySEC. Additionally, the CySEC has added JFD Trade to its warning list.In essence, JFD Trade is not regulated by any governing body. Entrusting this broker with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds. It is unequivocally a scam.
  • 2023-07-26 The Italy's CONSOB orders the blackout of JFD Trade

    On July 27, 2023, the Italian Companies and Exchange Commission (CONSOB) has ordered JFD Trade's website to be blacked out since it offers financial services illegally. https://www.consob.it/web/consob-and-its-activities/news-in-detail/-/asset_publisher/kcxlUuOyjO9x/content/press-release-of-27-july-2023/718268

    On July 27, 2023, the Italian Companies and Exchange Commission (CONSOB) has ordered JFD Trade's website to be blacked out since it offers financial services illegally. https://www.consob.it/web/consob-and-its-activities/news-in-detail/-/asset_publisher/kcxlUuOyjO9x/content/press-release-of-27-july-2023/718268
  • 2023-08-01 BrokersView has discovered that JFD Trade's website is unavailable

    The website of JFD Trade https://jfdtrade.net is inaccessible, suggesting issues with the broker's reliability and resources. Please be aware of the risks involved and stay away from JFD Trade.

    The website of JFD Trade https://jfdtrade.net is inaccessible, suggesting issues with the broker's reliability and resources. Please be aware of the risks involved and stay away from JFD Trade.

Related Complaints

Q&A

JFD Trade's regulation?

Gerald Hopkins
Botswana
2023-08-23
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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