GBE Brokers Ltd. has agreed to acquire a large part of the client base
and partner network of JFD Group Ltd., which operates under the JFD Brokers
brand. The transaction is structured as an asset deal and covers most client
accounts and intermediary relationships.
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GBE Brokers expanded its international footprint with the
opening of a representative office in Dubai. It said the move extends its
presence in the Middle East and North Africa region. It added that the office
is part of its broader presence across financial centres in Europe, Africa,
Asia, and the Middle East. GBE Brokers also maintains its headquarters in
Cyprus and a branch office in Germany.
JFD
Clients Move to GBE
The deal includes client funds in the eight-figure range and a four-digit
number of accounts. Parts of JFD’s existing team are also expected to join GBE
Brokers as part of the transition.
The companies said clients moving to GBE Brokers will gain access to a
wider range of trading platforms. These include MetaTrader 4, MetaTrader 5, and
TradingView. The firms also stated that key intermediary relationships will be
maintained, with partner structures transferred as part of the agreement.
Support for German-speaking clients will be handled from GBE Brokers’
Hamburg office. The company said this setup is intended to provide direct
communication, dedicated contacts, and faster response times.
GBE
Expands MetaTrader Presence in Germany
GBE Brokers stated that client funds are held in segregated accounts at
Commerzbank AG. The company added that statutory deposit protection applies
under existing regulations, with additional coverage for balances up to
€300,000 through Lloyd’s of London.
Ben-Florian Henke, owner of GBE Brokers Ltd., said the transaction marks
a significant step for the company. He stated that it “strengthens its
market leadership as a MetaTrader broker in Germany”
This article was written by Tareq Sikder at www.financemagnates.com.
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