Exclusive: Vikas Lakhwani launches offshore CFDs broker 9X Markets
Vikas Lakhwani was Chief Revenue Officer at online broker CPT Markets (formerly known as Citypoint Trading), before leaving last year.
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,
Vikas Lakhwani was Chief Revenue Officer at online broker CPT Markets (formerly known as Citypoint Trading), before leaving last year.
IUX has integrated several of Integral’s services, including Price Engine, Risk Management, and MetaTrader 5 Gateway.
Andreas Andreou, who is based out of Dubai, spent the past two years at online broker BDSwiss, as CCO and CRO.
Based in Bangkok, Tim Sim spent the past nine years with Fullerton Markets heading both Sales and Business Development.
The Doo Group operates several different online trading brands including Doo Prime, Doo Clearing, and Doo Financial.
Asia focused offshore Retail FX and CFDs broker Culture Capital has announced that it has signed with Paris Saint-Germain (PSG) […]
Kea Nonyana will continue to be based in Johannesburg, with his remit set to cover the African continent.
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BDSwiss began a restructuring of its business last summer following the departure of CEO Nicolas Shamtanis.
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