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- FM Home
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- JFD Group Introduces Commission-Free ETF Trading for European Clients
JFD Group Introduces Commission-Free ETF Trading for European Clients
The company has expanded its product offering with the introduction of 6 iShares exchange-traded funds (ETFs).
JFD Group, a multi-asset brokerage, announced today that it has increased its product line for European clients with commission-free trading of six new ETFs. The company also offers trading in physical stocks and cryptocurrencies without any brokerage fee.
According to the press release shared with Finance Magnates, the mentioned ETFs are listed on different stock exchanges across the US (NYSE Arca), Germany (XETRA) and the UK (XLON). The company aims to expand its product offering next year with the introduction of new ETFs.
The brokerage notified the growing competition for client acquisition in the industry and mentioned that the customers are spending more time on research to find the best deals in online trading. The company expects competition to intensify in the coming years with the introduction of new players in online trading.
Commenting on the launch, Lars Gottwik, Founder and CEO of JFD, said: “We are achieving another milestone in our strategic roadmap by expanding our commission-free offering. It’s always exciting to see how our team delivers innovative financial products bringing to reality JFD’s mission to democratize the investment industry. So far, this year is record-breaking for us in terms of turnover and account openings which proves that we are on the right track in our development.”
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COVID-19 Challenges
JFD Group outlined the challenges that the retail trading industry is facing due to the coronavirus pandemic. The CEO mentioned the uncertainty and cautiousness among retail investors.
“In the current situation with the COVID-19 pandemic, many investors have become extremely cautious when building their portfolios and deciding where to spend their hard-earned money. Therefore, the ability to consider another investment vehicle while reducing the trading costs can make a massive difference in performance,“ Gottwik added.
The multi-asset brokerage currently offers trading in approximately 1,500 trading instruments across 9 asset classes. Finance Magnates exclusively reported about the consolidation of JFD’s retail and institutional services under the brand of JFD Bank in 2019.
Sunday, 23 September 2018