FNG Exclusive… It seems as though a new trend in Cyprus is emerging, where former senior executives at FX/CFD brokers start broker advisory firms – offering everything from platform setup and administration to dealing room support and risk management consulting.

After reporting exclusively in September that former BUX/Stryk Cyprus office head Jean-Raphael Nahas had started fintech advisory firm 357 Group (alongside his role as COO of Zara FX), FNG has learned that former Pepperstone (and Alpaca) Cyprus office head Victor Zachariades is launching CFD broker solutions provider BKR44 (at website bkr44.com). Victor also recently joined the board of Go Markets Cyprus, as a non-executive director.

What services will BKR44 be offering?

Where’s the name from?

We spoke with Victor, here is what he had to say.

FNG: Hi Victor. Please let us know a little more about BKR44 (like, where is the name from?), and what services you’ll be offering.

Victor: Certainly. BKR44 is derived from two significant components. ‘BKR’ is an abbreviation for ‘Broker’, signifying our commitment to serving brokers. The ’44’ is a Master Number, symbolising our association with strength, stability, and building for the future.

We are dedicated to providing comprehensive and innovative solutions that empower CFD brokers. Our services include platform setup, risk management , dealing support, and ongoing administrative support. This allows brokers to focus on their core competencies: Driving business development and providing exceptional customer service to their clients.

FNG: We also recently reported that you’re joining the Cyprus board of Go Markets. What will be your role there? And don’t you think that having a formal position there might prevent other brokers from working with you as BKR44?

Victor: In my capacity as a Non-Executive Director at Go Markets, I am involved in contributing to the Board of Directors of the European entity. However, I would like to clarify that this role does not conflict with the services provided by BKR44. Each position holds its unique responsibilities and objectives, which are managed in a way that ensures the integrity and effectiveness of both entities.

FNG: What do you see as the main areas where FX & CFD brokers need to improve? How will BKR44 help in those areas?

Victor: I have been fortunate enough to work with some of the best names in the industry, gaining valuable insights and experiences along the way. With over 15 years in this industry, I bring a wealth of expertise and knowledge to BKR44.

My aim is to bridge the gap between established brokers and newer players in the market by providing the same level of structure, service, and quality in execution. I believe this will enable smaller brokers to thrive and grow in a highly competitive industry.

More about BKR44

BKR44, a leading provider of comprehensive solutions for CFD Brokers, has announced a new suite of services aimed at helping clients maximize the potential of their trading platforms. This move underlines BKR44’s commitment to empowering brokers to take control of their brokerage firms with innovative, reliable solutions and comprehensive support.

These newly launched services include:

1. Platform Administration and Initial Setup: BKR44’s team of experts will provide comprehensive assistance with the initial setup and ongoing administration of the trading platform. This ensures an efficient, smooth operation, allowing brokers to focus on their core business activities.

2. Dealing Desk Support: BKR44 offers professional dealing desk support to handle all trading-related issues promptly and effectively, providing peace of mind to brokers and their clients.

3. Risk Management Support: BKR44 also provides robust risk management support to help clients manage trading risks aptly. This service aims to foster sustainable growth and stability in a volatile market environment.

“BKR44 is committed to providing top-tier solutions that empower our clients to efficiently manage their trading platforms. Our new service lineup is designed to provide comprehensive support, from the platform’s initial setup to risk management, enabling our clients to focus on what they do best – providing excellent service to their customers,” said Victor Zachariades.

This suite of services is the latest step in BKR44’s ongoing mission to provide innovative solutions for CFD brokers. It echoes their dedication to helping clients navigate the complexities of the trading platform, providing them with the tools they need to succeed in an increasingly competitive market.

BKR44 is a trusted provider of reliable and innovative solutions for CFD Brokers. With years of industry experience and a team of experts, BKR44 is dedicated to helping clients optimize their trading platforms and achieve their business goals.