Safety Of Funds
Your financial security is of utmost importance to us. To that end, we have taken all possible steps to provide our clients with peace of mind so that when you choose to trade with LetsTrade, you are choosing to trade with one of the safest and most reputable companies in the industry.
LetsTrade is a registered trading name of JFD Brokers Ltd. JFD Brokers Ltd is authorised and regulated by the Cyprus Securities and Exchange Commission - CySEC (Licence number: 150/11) and is a Member of the Investor Compensation Fund (ICF). JFD Brokers Ltd is registered with the German Federal Financial Supervisory Authority - BaFin (Registration number: 126399), the British Financial Conduct Authority - FCA (Registration number: 580193), the French Autorité de Contrôle Prudentiel et de Résolution - ACPR (Registration number 74013) and is MiFID II compliant under the Investment Services and Regulated Market Law of 2017 (Law number: 87(I)/2017).
All client funds, without any exceptions, are fully segregated into a special client account and kept separate from LetsTrade’s company funds. Segregation provides complete security by ensuring that client funds will not be used to pay back creditors in the unlikely event of the default or insolvency of LetsTrade. All funds, whether they are classified as company funds or client funds, are kept without any exception in world class financial European institutions, amongst the safest in their category.
All your funds, without any exceptions, are fully segregated into special client accounts and kept separate from our company funds, ensuring they remain secure. Whether they are classified as company funds or client funds, they are kept in licensed, world-class financial institutions in the UK and Germany, amongst the safest in their category.
The Investor Compensation Fund (ICF) is an extra measure of insurance for your funds. As we are a member of this fund, our clients may be eligible to put a claim into the ICF in the event that JFD Brokers unable to meet its financial obligations. Eligibility depends on the status and the nature of the claim.
Our automated risk management system, which includes negative balance protection and lower leverage set-up, is designed to reduce the risk of your account being depleted to zero or turning negative. This is especially useful to prevent negative impacts generated by weekend Market Gaps. Read more about our leverage policy.
WHAT IS MIFID II?
MiFID II, the Directive on Markets in Financial Instruments (2014/65/EC) came into effect replacing MiFID, the Markets in Financial Instruments Directive (2004/39/EC). MiFID II has been transposed into Cypriot legislation with Law 87(I)/2017 (Law which provides for the Provision of Investment Services, the Exercise of Investment Activities, and the Operation of Regulated Markets and Other Related Matters), and applies from 3 January 2018.
MiFID II’s aim is to improve the competitiveness of EU financial markets by creating a single market for investment services and activities, and ensuring a high degree of harmonised protection for investors in financial instruments, such as shares, bonds, derivatives and various structured products.
Under MiFID, JFD Brokers can offer authorised and regulated cross-border services to all Member States, including but not limited to the following jurisdictions: Austria, Bulgaria, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Iceland, Ireland, Italy, Latvia, Lichtenstein, Lithuania, Luxembourg, Malta, Norway, Poland, Portugal, Romania, Slovak Republic, Slovenia, Spain, Sweden, the Netherlands, the United Kingdom.
Only applicable to new LetsTrade customers that make an initial deposit during the promotion period specified above.
Trading Rewards will be credited to each customer’s account on a monthly basis rebating all trading commissions incurred during the prior month up to the level specified in the trading rewards table.
Not to be used in conjunction with any other LetsTrade promotional offer.
Upon opening an account and availing of the Lestrade services the Customer Terms and Conditions Agreement shall apply.
TRADE WITH CONFIDENCE
Letstrade.com is an approved domain of JFD Group Ltd a company with registration number HE 282265, authorised and regulated by the Cyprus Securities and Exchange Commission - CySEC (Licence number: 150/11) which is operating under the trading name JFD Brokers. JFD Group Ltd is located at 70 Kyrillou Loukareos street, Kakos Premier Tower, 4156 Limassol, Cyprus.
JFD Overseas Ltd which is authorised and regulated by the Vanuatu Financial Services Commission with license number 17933, is a subsidiary of JFD Group Ltd and shares the “JFD Brokers” trading name. Unless explicitly specified, the use of the words JFD Brokers on this website includes either entity.
JFD Wealth and JFD Prime are registered trademarks of JFD Group Ltd.
JFD Group Ltd is registered with the German Bundesanstalt für Finanzdienstleistungsaufsicht - BaFin (Registration number: 126399), the British Financial Conduct Authority - FCA (Registration number: 580193), the French Autorité de Contrôle Prudentiel et de Résolution - ACPR (Registration number: 74013). JFD Group Ltd operates in accordance with the Markets in Financial Instruments Directive (MiFID II) and is licensed to provide the investment services of agency only execution (i.e. reception and transmission of orders, execution of orders on behalf of clients), portfolio management and investment advice in relation to transferable securities, options, futures, swaps, forward rate agreements, financial contracts for difference (CFD) and other derivatives. JFD Group Ltd is also licensed to provide the ancillary service of safekeeping and administration of financial instruments.
JFD Overseas Ltd is licensed to carry on the business of dealing in securities, reception and transmission of orders in relation to one or more financial instruments; execution of orders on behalf of clients; portfolio management; provision of investment advice; underwriting of financial instruments and/or placing of financial instruments on a firm commitment basis in relation to transferable securities, options, futures, swaps, forward rate agreements, financial contracts for difference (CFD) and other derivatives. JFD Overseas Ltd is also licensed to provide the ancillary service of safekeeping and administration of financial instruments.
Regional restrictions: JFD Group Ltd is allowed to serve only clients whose residence is in the EEA or in a country where the company has a legal permission to do so (such as Belarus, China, Switzerland, Turkey, UAE and Ukraine) whereas JFD Overseas Ltd is allowed to serve only clients whose residence is in another third country. A restriction on offering investment services applies to residents of the United States of America, Russia and to residents of other countries whose domestic regulations classify such investment offering as prohibited.
2011-2019 JFD Brokers is a trading name for JFD Group Ltd and is owned and operated by JFD Group Ltd.
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