FP Markets Hires Nick Twidale as APAC CEO

Australia-based 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 CFDs broker, FP Markets, has onboarded Nick Twidale as its new Chief Executive Officer for the APAC region.

According to an update on Twidale’s Linkedin, he joined the broker at the beginning of this month and will be based in Sydney.

Twidale is a veteran in the Forex Trading Forex Trading Forex trading is the buying and selling of foreign currencies with the aim of generating a profit. The value of currencies, especially floating currencies, fluctuate to varying degrees. This constant volatility of exchange rates opens the door for speculators to invest in a certain currency against another. The Forex market is the world’s biggest and most liquid market, with over $5 billion turnover every single day, with the market being open 24 hours a day, 5 days a week.It goes without saying Forex trading is the buying and selling of foreign currencies with the aim of generating a profit. The value of currencies, especially floating currencies, fluctuate to varying degrees. This constant volatility of exchange rates opens the door for speculators to invest in a certain currency against another. The Forex market is the world’s biggest and most liquid market, with over $5 billion turnover every single day, with the market being open 24 hours a day, 5 days a week.It goes without saying Read this Term industry with over two decades of experience. He entered the industry as a trader, climbed the ladder over the years and now runs a brokerage.

He joined the ASIC-regulated broker from IC Markets, where he was a director for a little over a year. Additionally, he was the Chief Operating Officer at the Australian unit of Rakuten Securities for almost three years and oversaw the day-to-day activities of the company. Further, he sat on its board of directors and was its ASIC-responsible manager.

Before joining Rakuten, he headed trading activities at T4T Capital as a director.

Moreover, Twidale has extensive experience with the sales side of the forex business. He was a sales manager at IronFX for around a year and had a similar role at Newedge.

Having started his career as a foreign exchange trader at Australia’s Commonwealth Bank, he later moved to RBC Capital Markets as a vice president.

A Crucial Time for Australian Brokers

FP Markets has global operations with its focus on the Asia-Pacific markets. It offers forex trading services and CFDs tradings with stocks, commodities and indices.

Twidale took over the charge of the brokerage at a crucial time, months before the new retail trading limitations by the Aussie market regulator came into effect. The limitations on leverage and marketing might slow down the market activities, just as we have seen in Europe.