The forex and CFD broker, Zenfinex has appointed Volkan Ozugur as the Chief Technology Officer (CTO), Finance Magnates learned through an update on his LinkedIn profile. Ozugur joins the company from Trive, where he served as the Chief Information Security Officer for seven years and five months.

"As of today, I am leaving my position at Trive, where I have been working with pleasure since 2016," Ozugur wrote. "It has been an incredible 7.5 years, and I feel so lucky to have the chance to meet and work with amazing people."

Zenfinex Grows Global Team

Founded in 2017 and officially launched in July 2020 by industry veteran and entrepreneur Nick Cooke, Zenfinex is a prominent player in the world of Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term and CFD trading. Originally headquartered in London, the company has rapidly expanded its global presence, establishing a presence in key regions, such as Dubai, Vietnam, Cyprus, Bulgaria, Lebanon, Colombia, and Mexico.

Besides that, the broker has entered into several partnerships in the industry to enhance its offerings. Zenfinex teamed up with Acuity Trading, a financial news analytics Analytics Analytics may be defined as the detection, analysis, and relay of consequential patterns in data. Analytics also seeks to explain or accurately reflect the relationship between data and effective decision making. In the trading space, analytics are applied in a predictive manner in an attempt to more accurately forecast the price. This predictive model of analytics generally involves the analysis of historical price patterns that are used in an attempt to determine certain price outcomes. Analyt Analytics may be defined as the detection, analysis, and relay of consequential patterns in data. Analytics also seeks to explain or accurately reflect the relationship between data and effective decision making. In the trading space, analytics are applied in a predictive manner in an attempt to more accurately forecast the price. This predictive model of analytics generally involves the analysis of historical price patterns that are used in an attempt to determine certain price outcomes. Analyt Read this Term, and Trading Central, a technical analysis and investment research platform, to enhance its research tools.

In June, Zenfinex obtained a permanent license for trading Contracts for Differences (CFDs) from Sierra Leone's central bank. During the announcement, Zenfinex's Head of Africa, Joe Tam Nyama, expressed his enthusiasm for this expansion, stating: "This is indeed a milestone moment for Zenfinex and the financial landscape of Sierra Leone."

Expanding Footprint Globally

With an operating license in Sierra Leone, Zenfinex plans to introduce a wide range of CFDs trading services, including forex, indices, commodities, and other CFDs. Additionally, the broker announced in May that it was opening its second office in LATAM. The location is adjacent to Mexico's stock exchange, in the heart of Mexico City.

Last year, Zenfinex obtained a license from the Dubai Financial Services Authority (DFSA), paving the way for the company to extend its services throughout the Middle East and North Africa (MENA). Zenfinex holds licenses from the Financial Services Authority (FSA) in Seychelles and the Financial Conduct Authority (FCA) in the UK.