Financial and Business News

CFD Broker FXPrimus Chief Marketing Officer Steps Down After a Year

Wednesday, 05/11/2025 | 09:52 GMT by Tareq Sikder
  • Michael Margaritis worked as a senior copywriter at ThinkMarkets for just over a year.
  • Recntly, FXPrimus introduced Synthetic Indices, trading instruments based on mathematical models.
Michael Margaritis

Michael Margaritis has stepped down from his position as Chief Marketing Officer at FXPrimus, a Cyprus-based broker focused on retail FX and CFDs. He shared the update through a LinkedIn post earlier today.

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Margaritis had been with FXPrimus for about a year, overseeing marketing initiatives and brand communication.

Marketing and Content Roles Held by Michael Margaritis Prior to FXPrimus

Before joining FXPrimus, he worked as a freelance senior copywriter at ThinkMarkets for just over a year, focusing on content for online trading audiences.

He also spent around six months as a senior creative copywriter at Admirals, where he worked on advertising and messaging for retail trading products. Earlier, he served as a content manager at Meldafern in Limassol, Cyprus, for six months.

FXPrimus Launches Synthetic Indices for Retail Trading

FXPrimus recently introduced a product line known as Synthetic Indices, which are designed to replicate market movements using mathematical and statistical models. These instruments operate continuously and are independent of external market factors such as news, economic reports, or geopolitical developments.

The range includes four series—Smash & Boost, Dynamic, Pace, and Bounce—each built with different volatility characteristics to suit various trading approaches. The initiative reflects the company’s efforts to expand its product portfolio and strengthen its technological capabilities in retail trading .

Turkish Fraudulent Trading Network Shut Down by FXPrimus

Separately, FXPrimus reported identifying and removing a fraudulent trading network based in Turkey. According to the company, the network used shared IP addresses and devices to take advantage of the broker’s bonus programs. The compliance and monitoring teams implemented measures that included freezing accounts, recovering profits, and permanently blocking the individuals involved.

The company conducted an internal review following the incident, stating that the action formed part of its ongoing commitment to maintaining orderly operations and regulatory compliance.

Michael Margaritis has stepped down from his position as Chief Marketing Officer at FXPrimus, a Cyprus-based broker focused on retail FX and CFDs. He shared the update through a LinkedIn post earlier today.

Join IG, CMC, and Robinhood in London’s leading trading industry event!

Margaritis had been with FXPrimus for about a year, overseeing marketing initiatives and brand communication.

Marketing and Content Roles Held by Michael Margaritis Prior to FXPrimus

Before joining FXPrimus, he worked as a freelance senior copywriter at ThinkMarkets for just over a year, focusing on content for online trading audiences.

He also spent around six months as a senior creative copywriter at Admirals, where he worked on advertising and messaging for retail trading products. Earlier, he served as a content manager at Meldafern in Limassol, Cyprus, for six months.

FXPrimus Launches Synthetic Indices for Retail Trading

FXPrimus recently introduced a product line known as Synthetic Indices, which are designed to replicate market movements using mathematical and statistical models. These instruments operate continuously and are independent of external market factors such as news, economic reports, or geopolitical developments.

The range includes four series—Smash & Boost, Dynamic, Pace, and Bounce—each built with different volatility characteristics to suit various trading approaches. The initiative reflects the company’s efforts to expand its product portfolio and strengthen its technological capabilities in retail trading .

Turkish Fraudulent Trading Network Shut Down by FXPrimus

Separately, FXPrimus reported identifying and removing a fraudulent trading network based in Turkey. According to the company, the network used shared IP addresses and devices to take advantage of the broker’s bonus programs. The compliance and monitoring teams implemented measures that included freezing accounts, recovering profits, and permanently blocking the individuals involved.

The company conducted an internal review following the incident, stating that the action formed part of its ongoing commitment to maintaining orderly operations and regulatory compliance.

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About the Author: Tareq Sikder
Tareq Sikder
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A Forex technical analyst and writer who has been engaged in financial writing for 12 years.

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