Exclusive: Nick Jay leaves M4Markets
FNG Exclusive… FNG has learned that Nick Jay has left his position as Chief Business Development Officer at Cyprus based Retail FX and CFDs broker M4Markets.
Nick Jay was one of a handful of experienced FX industry executives who joined together to help launch M4Markets in 2020. Prior to M4Markets Nick worked for five years at HotForex as Head of Partnerships. He had also previously served as Global Sales Manager at IronFX, and as Retention Manager at FXGM.
M4Markets began life in 2020 as an offshore (Seychelles) FX/CFDs brand, but late last year acquired CySEC licensed company ICC Intercertus Capital Ltd (and its CIF license), which it has since renamed Harindale Ltd. ICC used to operate the Axiance brand, and before that EverFX. M4Markets was established by Deepak Jassal, formerly an investment banker with HSBC, KPMG and UBS, and by Theofanis Nakos, a fixed income sales specialist.
July 12, 2023 @ 2:56 pm
So why is everyone leaving M4Markets? Alexandra Dinu also left them.
July 12, 2023 @ 4:03 pm
Obviously because they are closing down.
Same incompetent management that closed so far 4 brokerages, Tixee, EverFX, Axiance and M4Markets.
They fund their operations with client money and when they run out they close down, leaving clients exposed unable to WD their funds
July 12, 2023 @ 4:30 pm
it’s not just m4m.
lots lof brokers cutting costs with vols and revs dropping.
but ya they gots big problems. wouldnt want my money there right now esp at the offshore branch
July 16, 2023 @ 2:39 pm
think the whole industry is going through a clean up and dumping top heavy management and silly salaries. low margins , low vols , tons of competition bound to happen