Traffic was halted as religious leaders, politicians and veterans led a procession through the town centre to the memorial.
The service, which was led by the Dean of Jersey, the Very Rev Bob Key, began with the playing of the Last Post and two minutes of silence.
Bailiff William Bailhache, Lieutenant-Governor General Sir John McColl and Chief Minister Ian Gorst took it in turns to lay wreaths of poppies on behalf of the people of Jersey, the Queen and the States.
Dozens of other wreaths were also laid on behalf of other local organisations.
Addressing the hundreds of onlookers – who included members of the States police, the RNLI and cadets from the Fire and Rescue Service and the ATC – Mr Key spoke of the importance of honouring the soldiers who allowed the Island to be liberated from Nazi rule.
He said: ‘We have come together in pride and thanksgiving, in sorrow and loss as we call to mind those that through death, injury or bereavement, suffered to bring peace and freedom to our world and to preserve our liberty and way of life.
‘We remember all those who returned with their physical or mental health ruined and the sacrifices of their loved ones who cared for them for the rest of their lives.
‘In this 70th anniversary year of our Liberation we, as an Island people, particularly remember all those who suffered and died, that we might throw off the yoke of Occupation and tyranny and enjoy the freedom that is our God-given birthright.’
The service came to an end with a cavalcade of motorcyclists passing through Charing Cross and Broad Street.
