Exclusive: Offshore CFDs broker Xellion hires EBC / VT Markets alum Ramesh Mungara to head Sales
Ramesh Mungara was most recently Regional Head for Africa at online broker EBC Financial.
offshore fx brokers
Offshore FX brokers are websites which offer retail clients trading in forex pairs, CFDs and often cryptocurrencies, while located in one of many “offshore” locations. These include brokers which are licensed by small island and nation-states with the more popular ones being Belize, Seychelles, Mauritius, Saint Vincent and the Grenadines, the British Virgin Islands (BVI), and the Bahamas. Other offshore FX brokers are fully unlicensed, and operate with no regulatory oversight of any kind.
Offshore brokers typically can offer more risky terms to clients than can properly licensed, onshore brokers (such as those located in Europe, Australia, or North America), such as high leverage and volume-related deposit bonuses. However when things go wrong, clients of these offshore brokers typically have no recourse, and no real regulator to turn to,
Offshore CFDs broker BtcDana adds UAE CMA Category Five license
BtcDana (btcdana.com) is managed mainly from Dubai but operates as an offshore (Mauritius domiciled) broker via Dana Global Limited.
Exclusive: Deepak Stephen joins offshore CFDs broker Avora Markets as Managing Partner and CSO
Deepak was named CSO at GTCFX about a year ago, after initially joining in early 2024 as Head of People Operations.
Exclusive: Marios Morfakis leaves CEO role at offshore CFDs broker Noemon
Marios Morfakis had left his position as Chief Sales Officer for another Cyprus-run offshore broker, TenTrade, to head Noemon.
Exclusive: Maria Shenouda joins startup CFDs broker Base Markets as Head of Sales
Maria Shenouda joins Base Markets after recently leaving her position as Sales Director at MENA focused broker Daman Markets.
CySEC withdraws license of CFDs broker Eurotrader
The Eurotrader brand seems to have gone fully “offshore”, after the company also lost its UK FCA license.
Exclusive: TenTrade / INGOT alum Marios Morfakis launches offshore CFDs broker Noemon
Marios Morfakis was most recently Chief Sales Officer for another Cyprus-run offshore broker, TenTrade.
Exclusive: Fred Gewirtz leaves SCM for Jonathan Brewer’s JT Markets
Fred Gewirtz joins JT Markets from Scandinavian Capital Markets, where he was Head of Institutional Liquidity for the past two years.
Offshore CFDs broker Amillex adds ASIC license
Amillex recently hired former ACY Securities, CMC Markets, and Fortune Prime executive Mark Tsang as Head of Business Development.
Offshore CFDs broker SGT Markets hires Andrew Gibson for BizDev/Liquidity role
Most recently Andrew Gibson served as Head of Product Development, FX and CFDs at Tavira Securities Dubai.
