FNG Exclusive… FNG has learned that Nicolas Shamtanis has left his position as CEO of Cyprus based Retail FX and CFDs broker BDSwiss, and has moved “across the street” to head two related technology and service businesses that serve the brokerage and prop trading communities.

We have learned that Nicolas actually quietly left BDSwiss at the beginning of 2023, and, following a six month sabbatical, has now been named CEO of both Netrios and Red Acre.

Netrios is a “broker as a service” and “prop as a service” technology provider, that supports Forex and Crypto brokerages. From trading platform, CRM and payments integration to even providing customer support to end traders, Netrios states that starting a brokerage with it means you don’t have to focus on anything else but user acquisition.

Fuelling and supporting the above is Malta based Red Acre, a 300+ team of people who specialise in all areas necessary to support the group’s clients.

Both Netrios and Red Acre are part of a larger fintech group, that owns, or co-owns companies such as TradeLocker, Zeply, Cryptopanic, FunderPro and Cryptochill.

Nicolas Shamtanis was named CEO of BDSwiss in early 2022 after joining as Deputy CEO in 2021. He began his career in the forex industry in 2007 with easyMarkets where he held several senior positions in both sales and trading roles, before leaving in 2018 in the role of Chief Commercial Officer. Between 2019 and 2021 he worked as Exness, first as Chief Sales Officer in Kuala Lumpur, Malaysia, and later as Head of B2B Sales in Limassol, Cyprus.

BDSwiss, as we have reported before on several occasions, has undergone an almost total remake of its management C-Suite over the past 18 months, as the company has refocused away from the EU and towards clients from the MENA, LATAM and APAC regions.

Explaining his move, Nicolas posted the following note today on social media:

I hope this post finds you all in high spirits! Today, I am thrilled to share some news with you. After a much-needed 6-month sabbatical to recharge and rejuvenate, I am delighted to announce that since April, I have embarked on an exciting new journey as the CEO of both Netrios and RedAcre.

This transition marks a significant milestone in my professional career, and I couldn’t be more grateful for the opportunity to lead and contribute to the growth of these remarkable organisations. So…what is Netrios and RedAcre?

Netrios is a complete “broker as a service” and “prop as a service” technology provider, that supports some of the world’s leading Forex and Crypto brokerages. Through our technology driven capabilities and client focused products we create an ecosystem of value that encompasses all stages of the user journey. From Trading Platform, CRM and Payments Integration to even providing customer support to your end traders, starting a brokerage with us means you don’t have to focus on anything else but user acquisition.

Our pricing structure is also designed in a way to be aligned with our client’s growth, eliminating the need for start-up or monthly fees.

Fuelling and supporting the above, is Red Acre, a 300+ team of talented people who specialise in all areas necessary to support our clients.

Both companies are part of a larger fintech group, that owns, or co-owns companies such as TradeLocker, Zeply, Cryptopanic, FunderPro & Cryptochill.

I am truly humbled to be leading such talented teams, and I am genuinely inspired by their dedication and commitment to excellence. Together, we will strive to create products that bring much needed innovation to an industry which hasn’t seen any for a very long time.

To all my connections, I am eager to continue building meaningful relationships, exchanging insights, and collaborating on exciting initiatives. Feel free to reach out if you have any questions, ideas, or opportunities for collaboration.

Thank you for being part of my journey, and here’s to new beginnings and shared success!

Sincerely,

Nicolas Shamtanis
CEO, Netrios and RedAcre