Far East focused Retail FX and CFDs brokerage group Mitrade has announced that its Cyprus based, CySEC licensed Mitrade EU Limited unit has appointed Timur Konsky as CEO.

The company also noted that in the first seven months of 2026, the Group’s active trading clients grew by more than half, while total lots traded increased 148.4% compared with the same period in 2025.

But back to Mitrade EU, which has held a CySEC license since 2023…

Timur Konsky joined Mitrade earlier this year as COO of its Cyprus unit. He previously served as Head of Marketing at CFDs broker ActivTrades, as CMO of Henyep Group’s HYCM, as Head of Marketing at TopFX, and in senior marketing roles at FxPro and AFX Capital.

Building on the group’s rapid global growth and established international presence, Mitrade EU will initially prioritise Germany as it expands across Europe. Feedback across the full German client journey, from onboarding and cost information to platform use, risk management and support, will guide local product decisions and inform the company’s expansion into other European markets.

Timur Konsky, CEO of Mitrade EU said,

“‘Trader-centric’ is one of the most overused phrases in brokerage marketing. That claim only carries weight if a growing company can continue to understand and respond to what traders need. Europe may share a regulatory framework, but it is not a single retail market. Each country has its own market dynamics, trading habits, product preferences and expectations around pricing, support and credibility.

“At Mitrade EU, that means maintaining a direct feedback loop between traders and the teams shaping the product, using those insights to adapt market by market and allowing the product to speak for itself. Scale also brings responsibility. The reality is that 80% of retail investor accounts lose money when trading CFDs with us. That risk warning is mandatory, but responsible communication should go beyond a disclosure. It means being willing to tell traders what they may not want to hear. That risk-management tools have limitations, that losses can exceed expectations, and that not every market condition or product is right for every trader. Ultimately, growth should never distract from the fundamental purpose of a broker: understanding what traders need and building an experience around those needs.”

About Mitrade

Australia based Mitrade is a CFD trading platform founded in Melbourne, trusted by 6M+ traders worldwide. It operates several regulated subsidiaries including in Australia, Cyprus (CySEC CIF 438/23), UAE, and South Africa as well as offshore entities in the Cayman Islands and Mauritius. Focusing mainly on traders in the Far East, Mitrade is controlled by Singapore based Chinese national Shifei Chen.