Exclusive: JFD Quietly Closed Chinese Office as PSP Problems Continue

[kreslik.news]

Finance Magnates has learnt that JFD Brokers (JFD) closed its office in China in May of this year. According to Doris Zhang, formerly Chief Manager of the Chinese Market at JFD, the firm faced problems with payment service providers (PSPs).

“All brokers were struggling with it and trying to find solutions.” Zhang told Finance Magnates, “Unluckily, all payment solutions were blocked by the authorities.”

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There is certainly truth to this. Just last month, Finance Magnatesissued a report covering the problems that brokers are facing in China.

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