Offshore CFD broker Monaxa has appointed Omar Al-Janabi as its new CEO for the Middle East and North Africa. Al-Janabi returns to work alongside Chris Trikomitis, the company’s CEO, resuming a partnership that began over a decade ago.
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A Decade in Online Trading Leadership
Omar Al-Janabi has accumulated over a decade of experience in online trading . He started his career in customer support at XM before moving on to roles at Swiss Markets, FXPRIMUS, Tickmill, and, most recently, TopFX.
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“I’m stepping forward as CEO of Monaxa’s MENA region, joining forces once again with Chris Trikomitis, the visionary who first believed in me over ten years ago when he appointed me MENA Regional Manager,” Al-Janabi commented about the appointment. His deep knowledge of the MENA market is reflected in previous positions.
Lately, Al-Janabi worked as the Global Head of Sales and Business Development at TOPFX, where he joined as the Regional Manager.
The seasoned expert also previously served as MENA Partnership Manager at Tickmill and has extensive experience in the Middle East market, having worked as Head of Middle East Operations at FXPRIMUS.
Monaxa's Recent Expansion
Recently, Monaxa obtained a South African license as it shifts from offshore to onshore operations. Currently, the broker operates under a Mauritius license and is registered in Anguilla, a British Overseas Territory.
The broker's move signified a transition to regulated markets, aiming to bolster credibility and expand its footprint. Alongside licensing developments, Monaxa expanded its product offerings, including the addition of crypto trading services to its platform. Additionally, Monaxa is positioning itself within the growing prop trading sector, joining other CFD brokers that are entering this space.
The broker announced that it is rolling out several other major products before the end of the year, signaling a notable expansion of its service portfolio. These include the PAMM system, which reportedly allows professional traders to manage multiple client accounts simultaneously, broadening Monaxa’s reach to institutional investors.
“New products, new services, new platforms,” Trikomitis recently commented. “All happening before the end of the year.”
