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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