Review of JDC Markets
JDC Markets is a retail forex broker that first launched in 2016. The company operates from Cyprus where it is regulated by CySEC and in Saint Vincent and the Grenadines where the company is regulated by the island’s Financial Services Authority.
In Cyprus, the company is a brand name of Jin Daocheng Ltd. The company is fully licensed and regulated Cyprus Investment Firm (CIF) supervised by the Cyprus Securities and Exchange Commission (CySEC) under the license 316/16.
In Saint Vincent and the Grenadines, JDC Markets Limited is registered with the Financial Services Authority under the International Business Companies Law Act, Chapter 149 with license no. 25186/IBC/2018.
The company is only offering the 5th generation trading platform from Metaquotes Software Corporation which is the upgraded version of the well established, but soon to be obsolete MetaTrader 4.
About JDC Markets
According to the JDC Markets website the companies mission is to provide responsive, professional and legitimate investment services within the international level, by combining market and financial expertise with distinctive codes of transparent, strict process, and service excellence to our clients and partners.
JDC Markets is a member of the investor compensation fund in Cyprus. This protects retail traders, who are registered with the Cypriot entity for losses up to €20,000. The company is very clear and upfront about its regulations and code of conduct. They make all policies and legal documents easy to find on their website.
|Regulator||Cyprus Securities and Exchange Commission|
|Banking Partners||Swissquote Bank SA, Astro Bank|
JDC Markets is a fully compliant Cypriot Investment Firm, therefore the maximum leverage is in accordance with the rules set out by the European Securities and Markets Authority. JDC Markets is an STP firm which executes all orders anonymously in less than 30 milliseconds. JDC Markets offers a variety of Forex pairs both major and exotic. Their trading fees are included in the spread and they are a No Dealing Desk Broker.
|Maximum Leverage for Retail Clients||30:1 for major currency pairs|
20:1 for non-major currency pairs and gold
|Asset Classes||Forex, Metals|
|Total Number of Trading Pairs||56|
|Spreads||From 1.9 Pips|
|Stop out level||50%|
Deposits & Withdrawals
JDC Markets only has a few basic deposit options. You can start trading with just a $100 with this MetaTrader 5 broker. Thanks to their CySEC licence they can legitimately offer services to a wide range of countries.
|Deposit Options||Wire Transfer, Skrill|
|Deposit Currencies||USD, EUR|