Exclusive: JFD acquires offshore broker ZumaMarkets, rebrands website
FNG Exclusive… FNG has learned that CySEC licensed Retail FX and CFDs broker JFD has made some changes following the departure last year of its co-founder and longtime CEO Lars Gottwik.
First, the company has acquired offshore CFDs broker ZumaMarkets. ZumaMarkets offers trading on MT5, and is formally domiciled in Seychelles, a popular incorporation jurisdiction for offshore brokers, but is run mainly from Panama and Venezuela, focusing on the LATAM markets.
JFD, which operates mainly from offices Cyprus and Bulgaria, is reportedly looking at various other acquisitions which are either at an advanced stage or in preparation, and which should open up new markets.
JFD has also undergone another rebrand. After preferring to be known as JFD Bank during the latter years of Mr. Gottwik’s tenure after acquiring German investment bank Acon Actienbank AG in 2018, JFD is now going back to JFD Brokers, with the jfdbank.com url redirecting back to jfdbrokers.com. The new site seems to go back to focusing on multi-asset brokerage.