FP Markets Hires Nick Twidale as APAC CEO

He took the responsibilities months before the imposition of new ASIC regulations.

Australia-based forex 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 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.

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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.

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