After adding Abdelrahman Al Ali as General Manager, Dubai based CFDs broker GTCFX has announced that it has hired Charbel Raffoul as the company’s new CEO.

Interesting to note that both Mr. Ali (who joined GTCFX from the UAE’s financial regulator CMA) and Charbel Raffoul have strong backgrounds in compliance. Charbel Raffoul joins GTCFX from rival broker ATFX, where he was Head of Compliance for ATFX MENA for the past year. Charbel was previously Chief Compliance Officer at Equiti Group (2017-2025). He has also worked in senior compliance roles at ADSS, Alpari, and Swissquote.

We’d also note that about five months ago GTCFX controlling shareholder Pingfu (Jack) Zheng had posted on LinkedIn that he was looking for a Dubai office CEO, to lead the group’s Dubai business.

GTCFX is part of the GTC Group, which operates a number of CFDs trading brands including ASIC licensed GTC Global Australia Pty Ltd, UAE CMA regulated GTC Financial Consultancy LLC, GTC Global SA (Pty) Ltd in South Africa, and offshore entities in Comoros, Mauritius and Vanuatu which operate the gtcfx.com website. The GTC Group is controlled by Managing Partner Pingfu (Jack) Zheng.