Charles-Henri Sabet (ex Synthesis Bank/Saxo) gets back in the forex market, joins JFX.com

6 Comments

It seems JFX.com is going to be one of the most capitalized brokers in Cyprus with the arrival of Charles-Henri Sabet and The Rowland Family. Charles has a long history in the forex market starting with the foundation of Synthesis Bank which quickly became one of Switzerland’s largest online banks. Synthesis then became a White Label of Saxo Bank and subsequently was sold to it for a substantial sum, Charles retired from the forex business a while later however it seems he couldn’t leave the market for too long. Not much is known about the Rowland Family (more information can be found here).

Charles-Henri Sabet, the founder of Synthesis Bank Geneva, at the time the leading Swiss online bank and The Rowland Family, British owners of Banque Havilland in Luxembourg and Monaco, have increased the capital of Jiffix Markets Ltd, making the company one of the strongest capitalized online forex companies in Cyprus.

The Board of Jiffix Markets Ltd will benefit from the arrival of Charles–Henri Sabet as Chairman of the Board, who built his reputation in online banking and from Jean-François Willems, CEO of Bank Havilland, one of the most successful private banks in Luxembourg. Their combined experience in key banking sectors will propel JFX.com to the highest level in the industry.

“In this challenging financial environment, we will optimize risk management and build a solid foundation for Jiffix Markets Ltd and its clients” said Charles-Henri Sabet.

The trading brand of Jiffix Markets Ltd, JFX.com has been developed by bankers and traders with great expertise in Foreign Exchange.

JFX.com plans to open several offices round the world with skilled professionals servicing clients and offering them access to many financial products in various asset classes’ at the most competitive prices.

The business model features the best possible pricing as a result of the deep liquidity of nine tier one banks. It also gives each trader the possibility to choose the most appropriate trading platform, depending on his trading style. The users will also be able to set up their pricing and risk models based on their own trading styles, such as market making or commission based as well as their leverage level.

All client base segments – day traders, private or institutional investors, business partners or indeed competitors will find in JFX.com the partner offering the most adequate solution. Individual investors can open and fund their account with a credit card in less than five minutes, with low minimum deposits. They will be able to get the most competitive pricings. Furthermore professionals, whatever their interests in the market, will have a solution at hand in record time, such as ECN, algorithmic trading or a commercial solution such as white label.

Marco Murgida, CEO of JFX.com comments : “We know how important it is for our clients to feel comfortable and trade with the most adapted tools, that’s why we are happy to give them the choices”

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More information on this subject is found in the latest Forex Magnates Quarterly Report

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6 Comments on this post

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  1. Chooks said:

    Well,
    They might be up and running but their website decided to take a sabbatical.

    Will be interesting to see if they offer anything different to all the other Mt4 offerings out there.

    Kind of mystified somewhat about a Cyprus base though.

    June 29th, 2012 at 2:07 pm
  2. Michael Greenberg said:

    works for me

    June 29th, 2012 at 2:41 pm
  3. Chooks said:

    Website back up now, just a temporary thing.

    Looking through the offering though I cannot see anything that would differentiate them to anyone else out there, nothing really stands out as being groundbreaking.

    Spreads seem ‘so so’ for the accounts although the ECN offering is a low entry figure which is good to see I could not find details of the commission charged for that.

    June 29th, 2012 at 2:58 pm
  4. Michael Greenberg said:

    90% of brokers are all the same

    June 29th, 2012 at 3:43 pm
  5. Chooks said:

    Hi Michael,

    Very true 90 percent are the same cannot not agree with you on that one.

    Even though the FX market is growing there must be a plateau somewhere along the future and I think the one who re-invents the wheel rather than the standard out of the box set one size fits all standard offering will the be the company that survives.

    Either that or diversification to spread the business across several lines.

    At the moment though it is still the same offering being thrown out all be it in another shiny colour.

    June 29th, 2012 at 4:43 pm
  6. Michael Greenberg said:

    it’s already flattening… but i agree with the rest

    June 30th, 2012 at 5:33 pm

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