Exclusive: Former AvaTrade France head David Bottin launches offshore FX broker RaiseFX
FNG Exclusive… FNG has learned that David Bottin, former Managing Director at AvaTrade and head of AvaTrade France, has launched a new offshore Retail FX and CFD broker brand called RaiseFX, at website raisefx.com.
The raisefx.com website is technically being operated by a company called RaiseGroup LLP, which is registered in Kazakhstan. However we understand that the operation is being physically run from Paris, where Mr. Bottin resides.
David Bottin was Managing Director of AvaTrade France from 2017-2019. Over the past three years he co-ran a now defunct copy trading outfit called WolvesONMARKET. Prior to joining AvaTrade he worked at GKFX, XTB, and FXCM (at FXCM’s then-France partner firm ProfesseurForex.com), in various market research and CFD sales roles.
RaiseFX is offering trading on the MT4 platform, with a limited number of FX pairs, indices, commodities and cryptos. The broker seems to be targeting mainly French-speaking traders.