JFD Group introduces commission-free ETF trading on MetaTrader 5 for investors in Europe
European clients of JFD Group's MetaTrader 5-based multi-asset offering can now trade six iShares exchange-traded funds without paying commission. The selected ETFs are listed on stock exchanges in Germany (XETRA), USA (NYSE Arca) and UK (XLON).
"We are achieving another milestone in our strategic roadmap by expanding our commission-free offering. It is always exciting to see how our team delivers innovative financial products bringing to reality JFD's mission to democratise the investment industry. So far, 2020 is a record-breaking year for us in terms of turnover and account openings which proves that we are on the right track in our development," says Lars Gottwik, founder and CEO of JFD. "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. The ability to consider another investment vehicle while reducing the trading costs can make a massive difference in performance."
JFD Group believes that we are witnessing the "new normal", where customer behaviour shifts rapidly towards online research for the best deals and e-commerce. It is a matter of time to see more investment firms jumping on the commission-free bandwagon as the competition for client acquisition in the overly saturated financial industry is fierce.
"The MetaTrader 5 trading platform plays an instrumental role in our product development cycle," adds Gottwik. "MetaQuotes' platform gives us enough flexibility and technological robustness to perform complex integrations with our liquidity providers. The release of the commission-free ETFs, which are exclusively available on JFD's edition of MetaTrader 5, is another example of such a successful integration".